FIFTH THIRD BANCORP - FORM 8-K - EX-99.3

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Exhibit 99.3

April 2017

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QUARTERLY FINANCIAL SUPPLEMENT

Investment Community Member:

To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.

Numbers are unaudited for quarterly information.

If you need further information, please fax or e-mail your request to Fifth Third’s Investor Relations Department at (513) 534-0629 or IR@53.com

Sameer Gokhale

Senior Director

Investor Relations

(513) 534-2219

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Quarterly Data


	Three Months Ended
	March		December		September		June		March		December		September		June
	2017		2016		*2016^(e)***		*2016^(e)***		*2016^(e)***		2015		2015		2015
Ratios (percent)
Return on average assets		0.88		1.11		1.44		0.92		0.93		1.83		1.07		0.90
Return on average common equity		7.8		9.7		12.8		8.0		8.3		17.2		10.0		8.1
Average total Bancorp shareholders’ equity as a percent of average assets		11.72		11.66		11.83		11.60		11.57		11.26		11.24		11.32
Taxable equivalent net interest margin^(a)(d)		3.02		2.86		2.88		2.88		2.91		2.85		2.89		2.90
Taxable equivalent efficiency^(a)(d)		67.4		62.8		55.5		65.3		63.8		48.0		58.2		65.4
Net losses charged-off as a percent of average portfolio loans and leases		0.40		0.31		0.45		0.37		0.42		0.34		0.80		0.37
ALLL as a percent of portfolio loans and leases		1.35		1.36		1.37		1.38		1.38		1.37		1.35		1.39
Allowance for credit losses as a percent of portfolio loans and leases^(c)		1.52		1.54		1.54		1.54		1.54		1.52		1.49		1.54
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO^(b)		0.79		0.80		0.75		0.86		0.88		0.70		0.65		0.67
Allowance for loan and lease losses as a percent of nonperforming assets^(b)		172		170		182		161		157		197		208		206
Allowance for credit losses as a percent of nonperforming assets^(b)		194		192		205		180		174		218		230		228

Common Share Data
Earnings per share - basic	$	0.38	$	0.49	$	0.66	$	0.40	$	0.40	$	0.80	$	0.46	$	0.36
Earnings per share - diluted	$	0.38	$	0.49	$	0.65	$	0.39	$	0.40	$	0.79	$	0.45	$	0.36
Cash dividends per common share		0.14		0.14		0.13		0.13		0.13		0.13		0.13		0.13
Book value per share		20.13		19.82		20.44		20.09		19.46		18.48		18.22		17.62

Common shares outstanding, excluding treasury		750,144,587		750,479,299		755,582,255		766,345,770		770,470,768		785,080,314		795,439,309		810,054,148
Market price per share:
High	$	28.75	$	27.79	$	20.92	$	19.30	$	19.61	$	21.06	$	21.71	$	21.69
Low		24.73		19.58		16.70		16.13		13.94		18.28		18.23		18.91
End of period		25.40		26.97		20.46		17.59		16.69		20.10		18.91		20.82

Supplemental Data
Common dividends declared ($ in millions)	$	106	$	106	$	99	$	100	$	100	$	102	$	103	$	105
Full-time equivalent employees		17,763		17,844		18,072		18,051		18,200		18,261		18,311		18,527
Banking centers		1,155		1,191		1,191		1,191		1,241		1,254		1,295		1,299
ATMs		2,471		2,495		2,497		2,514		2,556		2,593		2,650		2,630

(a)

Presented on a fully taxable equivalent basis (FTE).

(b)

Excludes nonperforming assets held for sale.

(c)

The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

(d)

This is a non-GAAP measure.

(e)

Net tax deficiencies of $1 million, $5 million and $0 were reclassified from capital surplus to applicable income tax expense at March 31, 2016, June 30, 2016 and September 30, 2016, respectively, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.

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Quarterly Data


	Three Months Ended
	March		December		September		June		March		December		September		June
	2017		2016		*2016^(e)***		*2016^(e)***		*2016^(e)***		2015		2015		2015
Income Statement ($ in millions)
Interest income (taxable equivalent)^(d)	$	1,092	$	1,058	$	1,063	$	1,052	$	1,044	$	1,035	$	1,031	$	1,008
Interest expense		153		149		150		144		135		131		125		116

Net interest income (taxable equivalent)^(d)		939		909		913		908		909		904		906		892
Provision for loan and lease losses		74		54		80		91		119		91		156		79
Noninterest income:
Service charges on deposits		138		141		143		138		137		144		145		139
Wealth and asset management revenue		108		100		101		101		102		102		103		105
Corporate banking revenue		74		101		111		117		102		104		104		113
Mortgage banking net revenue		52		65		66		75		78		74		71		117
Card and processing revenue		74		79		79		82		79		77		77		77
Other noninterest income		77		137		336		80		136		602		213		1
Securities gains, net		—		(3)		4		6		3		1		—		4

Total noninterest income		523		620		840		599		637		1,104		713		556
Noninterest expense:
Salaries, wages and incentives		411		403		400		407		403		386		387		383
Employee benefits		111		76		78		85		100		74		72		78
Net occupancy expense		78		73		73		75		77		83		77		83
Technology and communications		58		56		62		60		56		59		56		54
Equipment expense		28		29		29		30		30		32		31		31
Card and processing expense		30		31		30		37		35		40		40		38
Other noninterest expense		270		292		301		289		285		289		280		280

Total noninterest expense		986		960		973		983		986		963		943		947
Income before income taxes (taxable equivalent)^(d)		402		515		700		433		441		954		520		422
Taxable equivalent adjustment		6		6		6		6		6		5		5		5

Income before income taxes		396		509		694		427		435		949		515		417
Applicable income tax expense		91		114		178		103		109		292		134		108

Net income	$	305	$	395	$	516	$	324	$	326	$	657	$	381	$	309
Less: Net income attributable to noncontrolling interests		—		—		—		(4)		—		—		—		(6)

Net income attributable to Bancorp	$	305	$	395	$	516	$	328	$	326	$	657	$	381	$	315
Dividends on preferred stock		15		23		15		23		15		23		15		23

Net income available to common shareholders	$	290	$	372	$	501	$	305	$	311	$	634	$	366	$	292


*Regulatory Capital Data ($ in millions)^(a)***	Basel III Transitional
CET1 capital	$	12,636	$	12,426	$	12,299	$	12,112	$	11,914	$	11,917	$	11,574	$	11,582
Additional tier I capital		1,331		1,330		1,331		1,331		1,330		1,343		1,340		1,340

Tier I capital	$	13,967	$	13,756	$	13,630	$	13,443	$	13,244	$	13,260	$	12,914	$	12,922
Tier II capital		4,172		4,216		4,374		4,414		4,553		3,874		3,935		3,909

Total regulatory capital	$	18,139	$	17,972	$	18,004	$	17,857	$	17,797	$	17,134	$	16,849	$	16,831

Risk-weighted assets^(b)	$	117,407	$	119,632	$	120,954	$	121,824	$	121,432	$	121,290	$	123,148	$	122,986

CET1 capital ratio^(b)		10.76%		10.39%		10.17%		9.94%		9.81%		9.82%		9.40%		9.42%
Tier I risk-based capital ratio^(b)		11.90%		11.50%		11.27%		11.03%		10.91%		10.93%		10.49%		10.51%
Total risk-based capital ratio^(b)		15.45%		15.02%		14.88%		14.66%		14.66%		14.13%		13.68%		13.69%
Tier I leverage ratio		10.15%		9.90%		9.80%		9.64%		9.57%		9.54%		9.38%		9.44%

CET1 capital ratio (fully phased-in)^(b)(c)(d)		10.66%		10.29%		10.09%		9.86%		9.72%		9.72%		9.30%		9.31%

(a)

Current period regulatory capital data and ratios are estimated.

(b)

Under the banking agencies’ risk-based capital guidelines, assets and credit equivalent amounts of derivatives and off-balance sheet exposures are assigned to broad risk categories. The aggregate dollar amount in each risk category is multiplied by the associated risk-weight of the category. The resulting weighted values are added together, along with the measure for market risk, resulting in the Bancorp’s total risk-weighted assets.

(c)

This ratio has been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. This is a non-GAAP measure.

(d)

These are non-GAAP measures.

(e)

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Quarterly Data


	As of
	March		December		September		June		March		December		September		June
	2017		2016		*2016^(a)***		*2016^(a)***		*2016^(a)***		2015		2015		2015
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,205	$	2,392	$	2,164	$	2,359	$	2,298	$	2,540	$	2,455	$	2,785
Available-for-sale and other securities		31,531		31,183		30,689		31,455		29,891		29,044		28,799		27,987
Held-to-maturity securities		26		26		56		62		64		70		157		157
Trading securities		689		410		431		401		405		386		374		370
Other short-term investments		1,644		2,754		2,995		1,818		1,778		2,671		1,994		3,451

Total cash and securities		36,095		36,765		36,335		36,095		34,436		34,711		33,779		34,750
Loans held for sale		616		751		1,060		877		803		903		994		995
Portfolio loans and leases		91,628		92,098		93,151		93,909		93,605		92,582		93,574		92,703

Total loans and leases		92,244		92,849		94,211		94,786		94,408		93,485		94,568		93,698
Allowance for loan and lease losses		(1,238)		(1,253)		(1,272)		(1,299)		(1,295)		(1,272)		(1,261)		(1,293)
Bank premises and equipment		2,052		2,065		2,084		2,144		2,185		2,239		2,264		2,298
Operating lease equipment		702		738		771		756		738		707		680		670
Goodwill		2,419		2,416		2,416		2,416		2,416		2,416		2,416		2,416
Intangible assets		11		9		10		10		11		12		13		13
Servicing rights		776		744		619		621		685		785		757		854
Other real estate owned		55		69		91		107		119		137		149		163
Other assets		7,084		7,775		8,014		7,989		8,727		7,828		8,518		8,059

Total assets	$	140,200	$	142,177	$	143,279	$	143,625	$	142,430	$	141,048	$	141,883	$	141,628

Liabilities
Deposits:
Demand	$	35,362	$	35,782	$	35,625	$	36,137	$	35,858	$	36,267	$	34,832	$	35,449
Interest checking		27,230		26,679		24,483		24,571		25,182		26,768		24,832		27,074
Savings		14,360		13,941		14,019		14,356		14,738		14,601		14,632		14,976
Money market		20,585		20,749		19,910		19,125		19,377		18,494		18,887		17,900
Foreign office		521		426		518		453		441		464		754		728
Other time		3,750		3,866		3,971		4,021		4,049		4,019		4,041		4,050
Certificates - $100,000 and over		2,348		2,378		2,745		2,778		2,830		2,592		2,915		2,846
Other foreign office		—		—		—		430		—		—		—		—

Total deposits		104,156		103,821		101,271		101,871		102,475		103,205		100,893		103,023
Federal funds purchased		155		132		126		108		134		151		132		126
Other short-term borrowings		2,015		3,535		3,494		3,979		3,523		1,507		4,904		4,136
Other liabilities		3,759		4,069		4,694		4,682		4,638		4,505		4,604		5,214
Long-term debt		13,658		14,388		16,890		16,231		15,305		15,810		15,492		13,491

Total liabilities	$	123,743	$	125,945	$	126,475	$	126,871	$	126,075	$	125,178	$	126,025	$	125,990

Equity
Common and preferred equity	$	19,810	$	19,579	$	19,307	$	18,914	$	18,638	$	18,406	$	17,867	$	17,578
Net unrealized gains:
Available-for-sale securities		117		101		765		879		685		238		528		327
Qualifying cash flow hedges		2		10		48		70		61		22		58		29
Accumulated other comprehensive income related to employee benefit plans		(51)		(52)		(58)		(60)		(62)		(63)		(64)		(65)
Treasury stock, at cost		(3,448)		(3,433)		(3,286)		(3,077)		(2,999)		(2,764)		(2,563)		(2,264)

Total Bancorp shareholders’ equity		16,430		16,205		16,776		16,726		16,323		15,839		15,826		15,605
Noncontrolling interests		27		27		28		28		32		31		32		33

Total equity	$	16,457	$	16,232	$	16,804	$	16,754	$	16,355	$	15,870	$	15,858	$	15,638

Total liabilities and equity	$	140,200	$	142,177	$	143,279	$	143,625	$	142,430	$	141,048	$	141,883	$	141,628

Share Data
Preferred shares outstanding - Series H		24,000		24,000		24,000		24,000		24,000		24,000		24,000		24,000
Preferred shares outstanding - Series I		18,000		18,000		18,000		18,000		18,000		18,000		18,000		18,000
Preferred shares outstanding - Series J		12,000		12,000		12,000		12,000		12,000		12,000		12,000		12,000
Common shares outstanding, excluding treasury		750,144,587		750,479,299		755,582,255		766,345,770		770,470,768		785,080,314		795,439,309		810,054,148
Treasury shares held		173,747,994		173,413,282		168,310,326		157,546,811		153,421,813		138,812,267		128,453,272		113,838,433

(a)

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Quarterly Data


	Three Months Ended
	March		December		September		June		March		December		September		June
	2017		2016		*2016^(a)***		*2016^(a)***		*2016^(a)***		2015		2015		2015
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	92,791	$	93,981	$	94,417	$	94,807	$	94,078	$	94,587	$	94,329	$	92,739
Taxable securities		31,815		30,677		29,772		30,002		29,619		28,951		28,251		27,344
Tax exempt securities		55		81		76		85		78		52		52		59
Other short-term investments		1,307		1,809		1,827		1,953		1,876		2,253		1,799		3,160

Total interest-earning assets		125,968		126,548		126,092		126,847		125,651		125,843		124,431		123,302
Cash and due from banks		2,205		2,358		2,289		2,228		2,335		2,466		2,503		2,636
Other assets		13,220		14,203		15,644		15,140		14,869		14,925		15,064		15,322
Allowance for loan and lease losses		(1,253)		(1,272)		(1,299)		(1,295)		(1,273)		(1,261)		(1,292)		(1,300)

Total assets	$	140,140	$	141,837	$	142,726	$	142,920	$	141,582	$	141,973	$	140,706	$	139,960
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$	26,760	$	25,644	$	24,475	$	24,714	$	25,740	$	25,296	$	25,590	$	26,894
Savings deposits		14,117		13,979		14,232		14,576		14,601		14,615		14,868		15,156
Money market deposits		20,603		20,476		19,706		19,243		18,655		18,775		18,253		18,071
Foreign office deposits		454		497		524		484		483		736		718		955
Other time deposits		3,827		3,941		4,020		4,044		4,035		4,052		4,057		4,074
Certificates - $100,000 and over		2,579		2,539		2,768		2,819		2,815		3,305		2,924		2,558
Other deposits		162		115		749		467		—		7		222		—
Federal funds purchased		639		280		446		693		608		1,182		1,978		326
Other short-term borrowings		1,893		1,908		2,171		3,754		3,564		1,675		1,897		1,705
Long-term debt		13,856		15,173		16,102		15,351		14,949		15,738		14,664		13,741

Total interest-bearing liabilities		84,890		84,552		85,193		86,145		85,450		85,381		85,171		83,480
Demand deposits		35,084		36,412		35,918		35,912		35,201		36,254		35,231		35,384
Other liabilities		3,710		4,300		4,704		4,247		4,524		4,325		4,458		5,215

Total liabilities		123,684		125,264		125,815		126,304		125,175		125,960		124,860		124,079
Equity		16,456		16,573		16,911		16,616		16,407		16,013		15,846		15,881

Total liabilities and equity	$	140,140	$	141,837	$	142,726	$	142,920	$	141,582	$	141,973	$	140,706	$	139,960

Average loans and leases (excluding held for sale)	$	92,146	$	92,964	$	93,511	$	93,931	$	93,275	$	93,594	$	93,373	$	92,173

Share Data
Average common shares outstanding - basic		747,667,521		746,367,302		750,885,834		759,105,385		773,564,178		784,855,006		795,792,825		803,965,057
Average common shares outstanding - diluted		760,809,239		757,704,190		757,855,877		764,811,003		777,757,934		794,481,388		805,022,588		812,842,540

(a)

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Quarterly Data


	Three Months Ended
	March		December		September		June		March		December		September		June
	2017		2016		2016		2016		2016		2015		2015		2015
End of Period Loans and Leases ($ in millions)^{(net of unearned discount)}
Commercial:
Commercial and industrial loans	$	41,076	$	41,736	$	42,829	$	43,575	$	43,441	$	42,151	$	42,970	$	42,812
Commercial mortgage loans		6,931		6,904		6,860		6,883		6,874		6,991		7,084		7,165
Commercial construction loans		4,283		3,903		3,905		3,706		3,428		3,214		3,101		2,709
Commercial leases		4,093		3,974		3,995		3,978		3,956		3,854		3,901		3,882

Total commercial loans and leases		56,383		56,517		57,589		58,142		57,699		56,210		57,056		56,568
Consumer:
Residential mortgage loans		15,942		15,737		15,597		15,159		14,563		14,424		14,197		13,792
Home equity		7,469		7,695		7,864		7,988		8,131		8,336		8,460		8,591
Automobile loans		9,572		9,983		10,349		10,671		11,129		11,497		11,829		11,914
Credit card		2,070		2,237		2,169		2,172		2,235		2,360		2,230		2,278
Other consumer loans and leases		808		680		643		654		651		658		696		555

Total consumer loans and leases		35,861		36,332		36,622		36,644		36,709		37,275		37,512		37,130

Total loans and leases	$	92,244	$	92,849	$	94,211	$	94,786	$	94,408	$	93,485	$	94,568	$	93,698

Average Loans and Leases ($ in millions)^{(net of unearned discount)}
Commercial:
Commercial and industrial loans	$	41,892	$	42,612	$	43,125	$	43,878	$	43,127	$	43,175	$	43,162	$	42,554
Commercial mortgage loans		6,946		6,961		6,891		6,835		6,908		7,053		7,038		7,149
Commercial construction loans		3,987		3,890		3,848		3,551		3,297		3,141		2,966		2,549
Commercial leases		3,904		3,921		3,963		3,904		3,875		3,841		3,847		3,776

Total commercial loans and leases		56,729		57,384		57,827		58,168		57,207		57,210		57,013		56,028
Consumer:
Residential mortgage loans		15,800		15,802		15,346		14,842		14,405		14,315		13,976		13,375
Home equity		7,581		7,779		7,918		8,059		8,241		8,394		8,521		8,655
Automobile loans		9,786		10,162		10,508		10,887		11,285		11,674		11,881		11,902
Credit card		2,141		2,180		2,165		2,198		2,277		2,320		2,277		2,296
Other consumer loans and leases		754		674		653		653		663		674		661		483

Total consumer loans and leases		36,062		36,597		36,590		36,639		36,871		37,377		37,316		36,711

Total average loans and leases	$	92,791	$	93,981	$	94,417	$	94,807	$	94,078	$	94,587	$	94,329	$	92,739

Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases (excludes restructured loans)	$	346	$	403	$	344	$	385	$	419	$	228	$	205	$	217
Nonaccrual loans held for sale		7		4		91		20		3		1		1		1
Nonaccrual restructured loans held for sale		2		9		9		—		2		11		1		—
Nonaccrual portfolio restructured loans and leases		311		257		257		308		282		278		253		258
OREO and other repossessed property		64		78		97		112		124		141		148		151

Total nonperforming assets	$	730	$	751	$	798	$	825	$	830	$	659	$	608	$	627

Ninety days past due loans and leases	$	75	$	84	$	76	$	65	$	73	$	75	$	70	$	70

Nonperforming Loans ($ in millions)^{(nonaccrual plus renegotiated)}
Commercial and industrial loans and leases	$	487	$	491	$	508	$	483	$	465	$	259	$	171	$	182
Commercial mortgage loans		44		46		52		76		83		93		110		106
Commercial construction loans		—		—		—		—		—		—		6		—
Residential mortgage loans		35		34		32		43		44		51		54		62
Home equity		70		73		78		78		80		79		82		88
Other consumer loans and leases		30		29		31		32		34		36		37		38

Total nonperforming loans and leases (including held for sale)	$	666	$	673	$	701	$	713	$	706	$	518	$	460	$	476

Credit Charge-Offs ($ in millions)
Total losses charged-off	($	107)	($	97)	($	137)	($	105)	($	116)	($	105)	($	209)	($	112)
Total recoveries of losses previously charged-off		18		24		30		18		20		25		21		26

Total net losses charged-off	($	89)	($	73)	($	107)	($	87)	($	96)	($	80)	($	188)	($	86)

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Quarterly Data


	Three Months Ended
	March		December		September		June		March		December		September		June
Regulation G Non-GAAP Reconciliation ($ in millions)	2017		2016		*2016⁽³⁾***		*2016⁽³⁾***		*2016⁽³⁾***		2015		2015		2015
Net interest income (U.S. GAAP)	$	933	$	903	$	907	$	902	$	903	$	899	$	901	$	887
Add: Taxable equivalent adjustment		6		6		6		6		6		5		5		5

Taxable equivalent net interest income (a)		939		909		913		908		909		904		906		892

Net interest income (U.S. GAAP) (annualized) (b)		3,784		3,592		3,608		3,628		3,632		3,567		3,575		3,558
Taxable equivalent net interest income (annualized) (c)		3,808		3,616		3,632		3,652		3,656		3,587		3,594		3,578

Noninterest income (d)		523		620		840		599		637		1,104		713		556
Noninterest expense (e)		986		960		973		983		986		963		943		947
Average interest-earning assets (f)		125,968		126,548		126,092		126,847		125,651		125,843		124,431		123,302

Net interest margin (U.S. GAAP) (b)/(f)		3.00%		2.84%		2.86%		2.86%		2.89%		2.83%		2.87%		2.89%
Taxable equivalent net interest margin (c)/(f)		3.02%		2.86%		2.88%		2.88%		2.91%		2.85%		2.89%		2.90%
Taxable equivalent efficiency ratio (e)/(a)+(d)		67.4%		62.8%		55.5%		65.3%		63.8%		48.0%		58.2%		65.4%

Income before income taxes (U.S. GAAP)		396		509		694		427		435		949		515		417
Add: Taxable equivalent adjustment		6		6		6		6		6		5		5		5
Taxable equivalent income before income taxes		402		515		700		433		441		954		520		422

Basel III Final Rule - Transition to fully phased-in
CET1 capital (transitional)	$	12,636	$	12,426	$	12,299	$	12,112	$	11,914	$	11,917	$	11,574	$	11,582
Less: Adjustments to CET1 capital from transitional to fully phased-in⁽¹⁾		(2)		(4)		(4)		(4)		(5)		(8)		(11)		(12)

CET1 capital (fully phased-in) (g)		12,634		12,422		12,295		12,108		11,909		11,909		11,563		11,570

Risk-weighted assets (transitional)		117,407		119,632		120,954		121,824		121,432		121,290		123,148		122,986
Add: Adjustments to risk-weighted assets from transitional to fully phased-in⁽²⁾		1,164		1,115		929		932		1,027		1,178		1,136		1,280

Risk-weighted assets (fully phased-in) (h)	$	118,571	$	120,747	$	121,883	$	122,756	$	122,459	$	122,468	$	124,284	$	124,266

Estimated CET1 capital ratio under Basel III Final Rule (fully phased-in) (g)/(h)		10.66%		10.29%		10.09%		9.86%		9.72%		9.72%		9.30%		9.31%

(1)

Primarily relates to disallowed intangible assets (other than goodwill and MSRs, net of associated deferred tax liabilities).

(2)

Primarily relates to higher risk-weighting for MSRs.

(3)

Page 7

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