# EDGAR Filing Document

**Accession Number:** 0000035527
**File Stem:** 0000035527-23-000085
**Filing Date:** 2023-2
**Character Count:** 55443
**Document Hash:** ff1bc8022b7907e3c92c4e294680a13d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035527-23-000085.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0000035527-23-000085

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 55

**CONFORMED PERIOD OF REPORT**: 20230217

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIFTH THIRD BANCORP
- **CENTRAL INDEX KEY:** 0000035527
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 310854434
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33653
- **FILM NUMBER:** 23642630

**BUSINESS ADDRESS:**
- **STREET 1:** 38 FOUNTAIN SQ PLZ
- **STREET 2:** FIFTH THIRD CENTER
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45263
- **BUSINESS PHONE:** 5135795300

**MAIL ADDRESS:**
- **STREET 1:** 38 FOUNTAIN SQ PLZ
- **STREET 2:** FIFTH THIRD CENTER
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45263

?xml version="1.0" ? fitb-20230217

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K** 

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of report (Date of earliest event reported): February 17, 2023**

![fitb-20230217_g1.gif](fitb-20230217_g1.gif)

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Ohio** | **001-33653** | **31-0854434** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fifth Third Center** | **Fifth Third Center** | **Fifth Third Center** | **Fifth Third Center** | **Fifth Third Center** | |
| **38 Fountain Square Plaza** | **,** | **Cincinnati** | **,** | **Ohio** | **45263** |
| **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Zip Code)** |

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**(800) 972-3030** 

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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| | | | | |
|:---|:---|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |  |  |  |
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** | **Name of each exchange<br>on which registered** | **Name of each exchange<br>on which registered** |
| **Common Stock, Without Par Value** | **FITB** | **The** | **NASDAQ** | **Stock Market LLC** |
| **Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I** | **FITBI** | **The** | **NASDAQ** | **Stock Market LLC** |
| **Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A** | **FITBP** | **The** | **NASDAQ** | **Stock Market LLC** |
| **Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 4.95% Non-Cumulative Perpetual Preferred Stock, Series K** | **FITBO** | **The** | **NASDAQ** | **Stock Market LLC** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 7.01 Regulation FD Disclosure** 

Fifth Third Bancorp executives will make various presentations regarding, among other things, the Company's operations and performance, to institutional investors at various meetings and events during a February 2023 non-deal roadshow.

A copy of this presentation is attached as Exhibit 99.1.

The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Exchange Act of 1934 or the Securities Act of 1933, except as shall be expressly set forth by specific reference.

**Item 9.01 Financial Statements and Exhibits**

<u>[Exhibit 99.1](fitbinvestormeetings-eur.htm)</u> – Fifth Third Bancorp Presentation

Exhibit 104 – Cover Page Interactive Data File (embedded within the Inline XBRL document)

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| | **FIFTH THIRD BANCORP** |
| | (Registrant) |
| Date: February 17, 2023 | /s/ James C. Leonard |
| | James C. Leonard |
| | Executive Vice President and<br>Chief Financial Officer |

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## Exhibit 99.1

![](fitbinvestormeetings-eur001.jpg)© Fifth Third Bancorp \| All Rights Reserved© Fifth Third Bancorp \| All Rights Reserved Fifth Third Bancorp Investor Meetings: Europe February 2023

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![](fitbinvestormeetings-eur002.jpg)

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![](fitbinvestormeetings-eur003.jpg)© Fifth Third Bancorp \| All Rights Reserved 3 Our purpose, vision, and core values support our commitment to generating sustainable value for stakeholders Our Vision Be the One Bank people most value and trust Our Core Values Our Purpose To improve the lives of our customers and the well-being of our communities Work as One Bank Take Accountability Be Respectful Act with Integrity Living our purpose guided by our vision and values

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![](fitbinvestormeetings-eur004.jpg)© Fifth Third Bancorp \| All Rights Reserved Why Fifth Third Expanding share in high-growth geographies while generating granular, high-quality loan growth Through the cycle discipline throughout the bank – credit, liquidity, rates, expense, and capital management Consistent top quartile profitability among peers Stability Profitability Growth Generating sustainable value for all our stakeholders 4

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![](fitbinvestormeetings-eur005.jpg)© Fifth Third Bancorp \| All Rights Reserved One of the largest U.S. financial institutions across lending, deposits, investments, and payments Note: Data as of 4Q22; Rankings consist of US commercial banks and exclude foreign, trust ,& traditional investment banks. 1 Source: Company filings, 2 Source: Nacha annual rankings of top 50 financial institutions, published April 5, 2022; defined as total ACH originators; 3 North American Banking Company 5 1. JPMorgan Chase 3,666 1. JPMorgan Chase 1,185 1. JPMorgan Chase 2,340 1. JPMorgan Chase 29,241 1. JPMorgan Chase 501 1. Wells Fargo 7,725 2. Bank of America 3,051 2. Bank of America 1,082 2. Bank of America 1,930 2. Citigroup 20,541 2. Bank of America 382 2. JPMorgan Chase 5,135 3. Citigroup 2,417 3. Wells Fargo 962 3. Wells Fargo 1,384 3. U.S. Bank 4,162 3. Citigroup 196 3. Bank of America 2,893 4. Wells Fargo 1,881 4. Citigroup 681 4. Citigroup 1,382 4. Wells Fargo 1,075 4. Wells Fargo 144 4. Citigroup 1,253 5. U.S. Bank 675 5. U.S. Bank 390 5. U.S. Bank 525 5. Bank of America 771 5. PNC 144 5. Capital One 923 6. PNC 557 6. Truist 327 6. PNC 436 6. Fifth Third 479 6. U.S. Bank 102 6. PNC 852 7. Truist 555 7. PNC 327 7. Truist 413 7. PNC 314 7. Truist 69 7. U.S. Bank 766 8. Capital One 455 8. Capital One 313 8. Capital One 333 8. UMB 255 8. Key 46 8. Fifth Third 609 9. Citizens 227 9. First Republic 167 9. Citizens 181 9. M&T 233 9. Fifth Third 45 9. Regions 365 10. First Republic 213 10. Citizens 158 10. First Republic 176 10. Truist 173 10. Regions 44 10. Key 312 11. Silicon Valley Bank 212 11. M&T 132 11. Silicon Valley Bank 173 11. Huntington 142 11. Commerce 37 11. First Premier 258 12. Fifth Third 207 12. Fifth Third 122 12. Fifth Third 164 12. Comerica 135 12. M&T 36 12. Truist 210 13. M&T 201 13. Key 121 13. M&T 164 13. Key 114 13. City National 25 13. First National 201 14. Key 190 14. Huntington 121 14. Huntington 148 14. Regions 112 14. BOKF 24 14. MetaBank 140 15. Huntington 183 15. Regions 97 15. Key 143 15. BOKF 100 15. Huntington 22 15. Silicon Valley Bank 138 16. Regions 156 16. Signature 75 16. Regions 132 16. First Horizon 95 16. First Horizon 21 16. Credit One 138 17. Signature 110 17. Silicon Valley Bank 74 17. First Citizens 89 17. Commerce 60 17. Comerica 19 17. Citizens 122 18. First Citizens 109 18. First Citizens 71 18. Signature 89 18. City National 55 18. Frost Bank 17 18. The Bancorp Bank 116 19. Zions 90 19. Zions 56 19. Zions 72 19. Amalgamated 52 19. Synovus 16 19. NABC 3 90 20. Comerica 85 20. Western Alliance 54 20. Comerica 71 20. Zions 48 20. Amalgamated 13 20. Zions 90 ACH Originations 2 ($B)Total Assets 1 ($B) Loans 1 ($B) Deposits 1 ($B) Assets Under Care 1 ($B) Assets Under Management 1 ($B)

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![](fitbinvestormeetings-eur006.jpg)© Fifth Third Bancorp \| All Rights Reserved Commercial Banking 44% Credit, cash management, and other financial solutions to large and middle market business and government and professional customers $3.9B total revenue $71B loans $63B deposits Consumer and Small Business Banking Wealth and Asset Management Revenue Contribution 1 Business Offerings 47% 9% Key Business Metrics Provides a full range of wealth management services for individuals, companies and not-for-profit organizations $0.8B total revenue $4B loans $13B deposits Consumer depository and loan products, as well as products designed to meet the specific needs of small businesses, including cash management services $4.2B total revenue $45B loans $84B deposits Note: Income statement data is FY22; balance sheet data reflects FY2022 average; 1 As a percent of segment revenue, which excludes Other Corporate; 2 S&P Global Market Intelligence– 4Q22 Regulatory filings of US Commercial Banks; 3 2020 Resilience Award most resilient traditional finance institution for customer support efforts through the COVID-19 pandemic; 4 Ranked 4 of 22 in the 2022 annual study of customer experience feedback by one of the nation's leading consumer research studies; 5 2022 Global Private Banking Innovation Awards Select Market Share (U.S.), Data, and Rankings #9 C&I lending 2 #8 commercial leasing 2 3% international loans as a percent of total commercial #11 auto lending 2 #1 COVID response 3 Top quartile customer experience 4 #6 bank in AUC 2 #9 bank in AUM 2 Global Private Bank winner 5 : Selected best private bank for high net-worth clients. NII / Fee Mix 65% / 35% 75% / 25% 32% / 68% A simple, diversified business portfolio 6

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![](fitbinvestormeetings-eur007.jpg)© Fifth Third Bancorp \| All Rights Reserved Regional footprint 1 (branch count in white) Out of footprint corporate and middle market banking office Major FITB markets 2 with a top 5 deposit share • #2 deposit ranking in Midwest MSAs, with ~8% more deposits per branch than any other bank • #6 location ranking in high-growth, key Southeast MSAs • Excluding money centers, Fifth Third had the largest increase of in-footprint deposits in 2022 • ~15,000 commercial relationships • Treasury Management relationships with 26 Fortune 100 companies Strong footprint and leading position London office As a standalone country, the GDP of Fifth Third's retail footprint states would represent the world's 3 rd largest economy 0.8 1.0 2.1 2.8 3.0 3.3 4.1 4.3 6.8 18.2 25.5 Switzerland Netherlands Canada France United Kingdom India Germany Japan Fifth Third Footprint China USA 2022 nominal GDP ($ trillions)3 Major FITB markets 2 with a top 10 deposit share Toronto office 269 169 103 159 72 5 41 76 4 30 161 Well-positioned in a large addressable market ~50% split between the Midwest and Southeast 1 Branch count as of 1/31/23; 2 Includes MSAs with $5BN+ in deposits on a capped basis (deposits per branch capped at $250MM per June 2022 FDIC data); 3 Source: BEA 7

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![](fitbinvestormeetings-eur008.jpg)© Fifth Third Bancorp \| All Rights Reserved 7% 11% 12% 13% 15% 16% 18% 20% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 X Major rail freight hub Leadership position in manufacturing lending Manufacturing loans outstanding as a % of total C&I loans; as of 3Q22 • Leader in lending to manufacturing and logistics companies throughout footprint • Manufacturing portfolio is well diversified across subsectors • Footprint includes several major commercial transportation hubs, including air and rail • Two international offices; uniquely positioned and deeply experienced in helping international companies with US operations since the 1990s Intel chip manufacturing 'mega-site' expected to be world's largest Amazon Prime Air Hub opened late 2021 US' busiest rail freight hub London office Toronto office "(Our) new manufacturing site in Ohio will support our future growth and advances our plan to create a more geographically balanced resilient supply chain." - Intel CEO, 1/28/22 Midwest franchise overview EV or EV battery production plant online or planned by 2025 Ohio Kentucky Indiana Illinois Michigan West Virginia Several large-scale EV and other manufacturing plant expansions also announced in our Southeast footprint Serves as "the central nerve of Amazon's U.S. nationwide air cargo operations".. and the "lynchpin to Amazon's efforts to develop a comprehensive array of domestic delivery services across the United States." Strategically positioned to win as firms strengthen supply chains, onshore production for the US market 8

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![](fitbinvestormeetings-eur009.jpg)© Fifth Third Bancorp \| All Rights Reserved #6 largest retail bank and growing at 4x the rate of the population in priority Southeast MSAs Charleston, SC Opening 1 st branch in 2H23 → expect ~10 branches by YE25 64% 14% 22% Midwest ex. Chicago Chicago Southeast 9 Key Southeast MSAs Represents a FITB Southeast retail market for 10+ years Repositioning branch network to gain share in high growth markets Southeast franchise overview 4.7% 4.7% 5.2% 5.8% 6.1% 6.3% 6.3% 6.5% 6.9% 7.7% Atlanta, GA Greenville, SC Tampa, FL Charlotte, NC Nashville, TN Charleston, SC Orlando, FL Raleigh-Durham, NC Jacksonville, FL Sarasota, FL Expected population growth 1 of key Southeast MSAs US national average 2.1% Significant growth in the Carolinas 2 Raleigh- Durham, NC Charleston, SC Greenville, SC Charlotte, NC FY254Q17 100+ Expected by Branch count Jan-23 ~50% ~15% ~35% 2012 2025E $27BN deposits $18BN loans ~4x FITB SE household growth over total industry SE household growth 1 #6 in FITB Southeast MSAs – locations 1 #9 in Southeast states 1 Key Carolina MSAs 43 72 Greenville, SC 4 branches → expect ~10 branches by YE25 Research Triangle Expect to grow to ~25 branches by YE23 (5 branches as of 4Q17) Charlotte, NC 47 branches #5 deposit share 1 Data sourced from S&P Global Market Intelligence; expected population data is for the 2023-2028 period; US average and Southeast footprint based on weighted average population; 3 See forward-looking statements on page 2 of this presentation Branch count as of 1/31/23 ~17% of total ~15% of total

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![](fitbinvestormeetings-eur010.jpg)© Fifth Third Bancorp \| All Rights Reserved Strong deposit franchise in consumer and commercial 10 Leading consumer deposit franchise – stable and granular 33% 35% 35% 36% 37% 40% 43% 46% 48% 48% 49% 53% Peer 11 Peer 10 Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 x Peer 1 Deposits for individuals as a % of total deposits 2 31% 33% 35% 42% 45% 46% 47% 48% 49% 51% 52% 54% Peer 11 Peer 10 Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 x Peer 3 Peer 2 Peer 1 Deposits in accounts of $250k or less as a % of total deposits 2 7% 16% 16% 49% 54% 57% 57% 58% 63% 66% 67% Bank 1 Bank 2 Bank 3 Bank 4 Bank 5 Bank 6 Bank 7 Bank 8 Bank 9 X Bank 10 Stable retail deposits as a % of total retail deposits 1 Commercial deposit franchise led by peer-leading TM business – operational #2 of 34 in Coin and currency revenue #2 of 29 in Retail lockbox remittances #4 of 38 in Total check clearing #5 of 40 in Total ACH originations #5 of 35 in Account reconciliations 9 14 15 15 19 21 21 23 26 26 26 35 Peer 11 Peer 10 Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 Peer 1 x Total deposit fees less consumer (OD, maintenance, and ATM fees) relative to total commercial commitments (in bps); 4Q22 LTM Top 10 Ranking in EY Cash Management Survey 3 #7 of 36 in Wholesale lockbox remittances #8 of 34 in Controlled disbursement #8 of 30 in Purchasing cards #9 of 31 in Demand deposit accounts 1 Source: Includes large-cap banks subject to Liquidity Coverage Ratio disclosures; excludes State Street from analysis; 2 Source: Regulatory filings; 3 Source: Rankings are based on data provided by survey participants in the 2021 Cash Management Services Survey administered by EY. As of 3Q22 As of 4Q22 As of 4Q22

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![](fitbinvestormeetings-eur011.jpg)© Fifth Third Bancorp \| All Rights Reserved 0.38% 0% 1% 2% 3% 4% 5% 1Q04 1Q08 4Q12 1Q20 4Q22 0.22% 0% 2% 4% 6% 8% 1Q04 1Q08 4Q12 1Q20 4Q22 0.42% 0% 1% 2% 3% 4% 5% 1Q04 1Q08 4Q12 1Q20 4Q22 0.13% 0% 4% 8% 12% 1Q04 1Q08 4Q12 1Q20 4Q22 Significantly improved credit profile Non-Performing Loans 1 Total Net Charge-Offs 2 Consumer Net Charge-Offs 2 Commercial Net Charge-Offs 2 • Centralized credit underwriting, with strict industry and geography concentration limits • Exited certain CRE segments and have maintained lowest CRE concentration among peers • Improved client selection discipline around borrowers with demonstrated character, experience and access to capital • Focused corporate banking coverage on targeted industry verticals with specialized coverage, underwriting, and risk support • Established a special assets group to manage higher risk assets • Exited $5B in commercial loans given through-the-cycle risk/return requirements • Halted national indirect commercial lease originations (~$2B) • Exited commodity trader lending • Sold residential mortgage TDR portfolio • Changed credit card strategy, focusing on in- footprint prime and super prime transactors 1 Source: S&P Global Market Intelligence; 2 Source: Company filings Select actions taken since the financial crisis: Pre-crisis average: 0.48% Financial crisis average: 2.30% Pre-pandemic average: 0.44% Pre-crisis average: 0.48% Financial crisis average: 2.62% Pre-pandemic average: 0.65% Pre-crisis average: 0.38% Financial crisis average: 2.41% Pre-pandemic average: 0.33% Pre-crisis average: 0.60% Financial crisis average: 2.21% Pre-pandemic average: 0.62% 11

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![](fitbinvestormeetings-eur012.jpg)© Fifth Third Bancorp \| All Rights Reserved 12 Well diversified commercial portfolio favoring large borrowers with a track record of resilience 15% 14% 13% 8%7% 7% 6% 6% 5% 4% 4% 11% Real Estate Manufacturing Fin Services & Ins Business Services Health Care Wholesale Trade Retail Trade Accommodation & Food Mining Communication & Information Construction Other Commercial portfolio balances by NAICS code $76B Proactive monitoring of credit risk exposure • Utilizing multi-factor client specific early warning systems for both public and private companies to create a composite score. Factors include: • Real-time liquidity metrics (monitoring of unexpected revolver utilization and unexpected overdraft occurrences) • Covenant monitoring and third-party portfolio insights, which includes a forward-looking view of vulnerabilities based on firm specific and industry trends • Well-diversified by property type with lower exposures to hospitality and retail • Non-owner occupied CRE office (~$1.6BN) is primarily concentrated in Class A trophy properties • Lowest concentration of CRE as a percentage of total risk-based capital relative to peers Prudent credit risk management across all portfolios Portfolios of interest Deliberately positioned the commercial portfolio to be resilient through the cycle 1 Source: Loan Stats Weekly from Pitchbook Commercial Real Estate • Highly monitored leveraged lending portfolio balances sub-$3BN has decreased ~65% since 1Q16 while total commercial loans have increased ~35% • Represents ~2% of total loans in 4Q22 vs. ~8% in 2015 • <25% of exposures are cov-lite vs. ~90% market average 1 • ~40% of ~$37BN SNC balances are investment grade equivalent borrowers; independently underwrite each transaction • Lead left / lead right on ~40% of relationships Leveraged Lending Shared National Credits (SNC)

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![](fitbinvestormeetings-eur013.jpg)© Fifth Third Bancorp \| All Rights Reserved 56% 18% 22% 4% 63% 16% 18% 3% 12/31/19 13 Portfolio focused on prime and super prime borrowers 12/31/22 Consumer Loan Portfolio FICO at origination Consumer NPA % 1 0.50% 0.54% X Peer Median 0.53% 0.59% X Peer Median Consumer early-stage delinquency % (30-89 days past due) 1 Conservative consumer loan portfolio well positioned in this environment 750+ 720-749 <660 660-719 1 Source: Regulatory filings; excludes government guaranteed loans

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![](fitbinvestormeetings-eur014.jpg)© Fifth Third Bancorp \| All Rights Reserved Key differences between European and U.S. mortgage markets Mortgages with > 80% current LTV Mortgages exposed to rates Household debt as a percentage of disposable income Europe 1 U.S. Additional Fifth Third differentiators compared to the U.S. average: 13% 3% 60% 9% Either floating or needing to refinance within 5 years (28% floating / 32% needing to refinance within next 5 years) (2% floating / 7% needing to refinance within next 5 years) 132% 101% 1 European metrics GDP weighted, consisting of Germany, United Kingdom, France, Italy, Spain, Netherlands, Switzerland, Poland, Sweden, Belgium, Ireland, Norway, Austria, Denmark, Finland, and Czech Republic; Source: Autonomous, Organization for Economic Cooperation and Development (OECD), S&P Capital Global Market Intelligence • ~85% of total Fifth Third consumer portfolio loans consists of homeowners (U.S. homeownership rate of ~66%) • 83% of total consumer portfolio earns more than $60K (~50% is the US average) • ~85% of the Fifth Third consumer portfolio is secured 14

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![](fitbinvestormeetings-eur015.jpg)© Fifth Third Bancorp \| All Rights Reserved 7.2% 9.3% 7.6% 3Q07 4Q22 DFAST 2022 Severely Adverse Scenario Minimum CET1 Tier 1 Total Risk-Based Strong capital and liquidity position 10.5% • Loan-to-core deposit ratio of 76% • ~$102 billion of available liquidity sources • $5.2 billion in Holding Company cash, sufficient to satisfy all fixed obligations in a stressed environment for ~24 months Regulatory capital position Fed Reserves Unpledged Investment Securities Available FHLB Borrowing Capacity Current Fed Discount Window Availability Total ~$7 ~$44 ~$8 ~$43 ~$102 Liquidity Sources Liquidity position $ in billions; as of 12/31/2022 • Including ACL, loss absorbency is ~30% greater than 2007 • As a Category IV institution, not subject to: • AOCI impacts on regulatory capital ratios • Mandatory SA-CCR adoption • GSIB surcharge on regulatory capital ratios • Countercyclical buffer (CCyB) on regulatory capital ratios • Advanced approach RWA • TLAC and initial Basel IV / Basel III End Game U.S adoption proposals • Targeting ~9.25% CET1 2 12.8% 8.5% 10.9% 9.0% 11.9% 1 ~30% more core capital than 3Q07 (pre-financial crisis) 3 Stress capital buffer minimum 15 1 DFAST: Dodd Frank Act Stress Test; DFAST 2022 results outstanding; 2 See forward-looking statements on page 2 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 27-29 of the 4Q22 earnings release; 3 3Q07 CET1 represents Tier 1 Common Equity

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![](fitbinvestormeetings-eur016.jpg)© Fifth Third Bancorp \| All Rights Reserved 12.2% Peer 10 Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 x Peer 2 Peer 1 Focused on generating long-term shareholder value 60.5% Peer 10 x Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 Peer 1 11.7% Peer 10 Peer 9 Peer 8 Peer 7 Peer 6 X Peer 5 Peer 4 Peer 3 Peer 2 Peer 1 1.8% Peer 10 Peer 9 Peer 8 Peer 7 x Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 Peer 1 1.8% Peer 10 Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 x Peer 2 Peer 1 55.6% Peer 10 Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 x Peer 1 16 ROE ex. AOCI 1 FY18 FY22 FY18 FY22 FY18 FY22 PPNR / average assets 1 Efficiency ratio 1 Adjusted basis Adjusted basis Adjusted basis Remain focused on long-term performance horizon Expect to continue generating top-tier financial results 1 Non-GAAP measure: see reconciliation on page 40 of this presentation and use of non-GAAP measures on pages 27-29 of the 4Q22 earnings release

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![](fitbinvestormeetings-eur017.jpg)© Fifth Third Bancorp \| All Rights Reserved 7% 5% 31% 7% 8% 12% 12% 9% 14% 12% 15% 15% 19% 14% 19% FY 2012 FY 2022 W&AM Commercial banking Commercial deposit fees Card & Processing Other noninterest income Leasing Mortgage banking Consumer deposit fees 42% 47% 37% 31% 21% 22% 4Q12 4Q22 C&I Real estate (Resi; HE; CRE) Other Intentionally diversifying our balance sheet and fee revenue to perform well in any environment • Focused on diversified revenue to lessen cyclical impacts, with success in Wealth & Asset Management, Commercial Banking, Treasury Management, and Card & Processing • Total adjusted fee revenue accounted for ~34% of total adjusted revenue in 2022 • Lowest reliance on punitive consumer fees among peers with consumer banking franchises; eliminated $52MM in NSF fees and overdraft fees in 2022 • Continue to assess other opportunities to further improve fee diversification (Treasury Management) 2012 to 2022 change in loan mix 2012 to 2022 change in noninterest income Adjusted basisPeriod-end ~99% of loans are US based originations 17

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![](fitbinvestormeetings-eur018.jpg)© Fifth Third Bancorp \| All Rights Reserved 18 Example Fifth Third Solutions: Product innovation and development: Market leadership: • #3 residential solar national market share • Rising energy costs, Federal programs significantly increase addressable market • #2 practice finance national market share • Penetrated <1% of potential addressable market • Ecosystem revenue of ~$175MM in 2022 (expect to grow at 12% CAGR through 2025 1) • Over 1/3 of new TM relationships are TM-led • Only large bank to disclose consistent household growth over several years • >1MM Momentum HHs Momentum Banking Dividend Finance ProvideTM Managed Services • Pioneered solar industry financing model • Proprietary digital-first platform • Focused on scaling existing products, adding Tier 1 contractor partners, synergies with Fifth Third home equity capabilities • Leading practice marketplace referral platform • Expanded to vet services • Added new financing options • >80% of new relationships have deposits, TM, or both Customer-centric, technology-led product innovation and development 1 See forward-looking statements on page 2 of this presentation • First large bank to offer a fintech-equivalent everyday banking offering (2021) • Expanded Early Pay to include income from gig work, gov't payments, retirement accounts (2Q22) • Ability to receive federal tax refund up to 5 days earlier (4Q22) • Expert AP, Expert AR, Cash Logistics digitize and automate manual "order-to-cash" and "procure-to-pay" processes for Middle Market clients • Currency solutions digitizes cash handling for large retail chains and venues

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![](fitbinvestormeetings-eur019.jpg)© Fifth Third Bancorp \| All Rights Reserved 19 1 See forward-looking statements on page 2 of this presentation Consistently investing for growth through the cycle Consistent strong financial results and top tier profitability Consistent NIM and credit discipline Consistent customer acquisition growth Consistent peer-leading efficiency ratio De novo investments in the Southeast Sales force additions & marketing investments Scaling fintech platforms Platform modernization and digital enablement Consistent outcomesConsistent investments in our businesses • Over 70 Southeast branches added since 2019 • Product innovation led by Momentum Banking in Consumer and Expert AP and Expert AR in Commercial • Added 45 Commercial and Wealth sales FTE in 2022; expect additional sales force expansion in 2023 • Marketing spend increased 10% in 2022 • Expect Dividend Finance loan production in 2023 of ~$4.5BN (with period-end balances of ~$5BN at YE23) 1 • Expanding Provide product offering; expect loan production in 2023 of ~$1BN (with period-end balances of $3BN at YE23) 1

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![](fitbinvestormeetings-eur020.jpg)© Fifth Third Bancorp \| All Rights Reserved 20 1 Innovative, software-enabled products that simplify customers' lives and enhance the client experience Sustained organic growth from positioning the bank to benefit from secular trends and through gaining market share Proactive balance sheet management (credit risk, rate risk, capital) positioning the bank to serve clients and perform well in any environment Commitment to living our purpose every day to improve the lives of our customers and the well-being of our communities Strong profitability and returns driven by expense discipline and relationship profitability focus What you should expect from Fifth Third 2 3 4 5

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![](fitbinvestormeetings-eur021.jpg)© Fifth Third Bancorp \| All Rights Reserved 21 Appendix

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![](fitbinvestormeetings-eur022.jpg)© Fifth Third Bancorp \| All Rights Reserved Continental United States by region 1 Source: S&P Global Market Intelligence; 2 Source: Moody's February 2023 vintage baseline scenario Fifth Third Corporate Headquarters Cincinnati, Ohio 45 bps 44 bps 42 bps 34 bps 19 bps Northeast Coast West Coast FITB Southeast Footprint FITB Midwest Footprint Other States Expected change in unemployment rate 2 0.3% 1.0% 1.8% 2.9% 4.3% FITB Midwest Footprint Northeast Coast West Coast Other States FITB Southeast Footprint Expected population growth 1 2023-2028 Δ in bps2023-2028 cumulative Δ 22

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![](fitbinvestormeetings-eur023.jpg)© Fifth Third Bancorp \| All Rights Reserved 23 Actions Demonstrating Leadership Third-party recognitions $500,000 donated for hurricane relief in Florida Through Fifth Third Foundation in addition to other assistance programs Published 3 rd ESG report Available on ir.53.com Announced 10-year $100BN Environmental & Social Finance Target Expansion of the original $8BN renewable energy goal achieved in June 2022 Aligned executive compensation to ESG priorities ESG Funding Modifier added to 2022 Variable Compensation Plan Established sustainability office Leading comprehensive environmental, social and governance strategy, which includes the Bank's climate strategy and sustainable finance initiatives Acquisition of Dividend Finance A leading fintech point-of-sale (POS) lender, providing financing solutions for residential renewable energy and sustainability-focused home improvement $20 minimum wage per hour Effective July 2022, increase from $18 per hour since 2019 Expanded operational sustainability goals Announced six new operational sustainability targets to be achieved by 2030, including Scope 1 and 2 GHG emissions reduction of 75% Top Workplace in Financial Services Recognized by Energage in 2022 SSGA R-Factor Score January 2023 Outperformer Top 10-30% among Commercial Banks S&P Global ESG Score Corporate Sustainability Assessment 88 th percentile Top among peers 1 MSCI ESG Rating February 2023 A Upgraded 3 notches CSRHub ESG Ranking February 2023 89 th percentile Top quartile among peers 1 ESG Risk Rating 2 February 2023 Low Risk Top quartile among peers 1 Refinitiv ESG Combined Score January 2023 A- (80/100) Top quartile among peers 1 A recognized leader in sustainability among peers 1 Peer group comprises of Fifth Third's board approved peers. 2 From leading third-party ESG data provider. For Express Banking account Perfect 100% Score Human Rights Campaign Corporate Equality Index for seventh consecutive year "OUTSTANDING" Received highest overall rating possible on most recent Community Reinvestment Act performance examination from the Office of the Comptroller of the Currency, including each of the three tests: Lending, Investment, and Service

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![](fitbinvestormeetings-eur024.jpg)© Fifth Third Bancorp \| All Rights Reserved ~$24BN in sustainable financing towards $100BN goal 208 due diligence reviews for sensitive sectors in compliance with E&S Risk Management Framework 1 52% reduction in Scope 1 and 2 GHG emissions since 2014 4 100% renewable energy purchased since 2019 Achieved carbon neutrality in our operations since 2020 6 $500MM inaugural Green Bond issued in October 2021 8 24 Addressing climate change Promoting inclusion and diversity Demonstrating our commitment to employees Strengthening our communities Keeping the customer at the center $180MM Neighborhood Investment Program in nine majority-Black communities $1.2BN provided in community development lending and investment 3 $39.2MM in charitable donations to support communities ~3MM people educated through our LIFE programs 7 ~118K hours of community service and $6MM in employee giving $20/hour minimum wage with over 40% of workforce receiving mid-year compensation increase Up to 7% 401(k) employer contribution with 80% participation ~776K hours of training (40 hours average / FTE) Decrease in overall turnover from 21.2% in 2021, to 21.0% in 2022 New flexible PTO policy including volunteer paid time away for full-time (8 hours) and part-time (4 hours) employees 12MM customer outreach calls, continuing our heightened connection to the customer 2.5% consumer household growth Low reliance on punitive consumer fees, with $13MM in NSF fees eliminated and $39MM in overdraft fees avoided with Extra Time® $27BN deposited up to 2 days early with Early Pay® $26MM in consumer cash back rewards with 5/3 Cash/Back cards 22% reduction in monthly complaint volume since 2019 $2.7BN delivered towards $2.8BN accelerating racial equality, equity and inclusion initiative since 2021 38% board diversity 2 58% women; 28% persons of color in workforce >99% pay equity for women and minorities 5 $119MM Tier 1 diverse supplier spend, over 11% of net addressable spend Launched employee Sustainability Business Resource Group in June 2022 Fifth Third is committed to supporting customers, communities and employees Sustainability priorities and metrics 1 Data is for 9/23/2020 through 12/31/2022. The Environmental and Social Risk Management Framework (previously Environmental and Social Policy) can be found at https://ir.53.com/esg/enviromental/ 2 In terms of ethnicity or gender 3 Preliminary 4 Data is through 9/30/2022 5 Refer to the 2021 ESG report for additional details on methodology. 6 For Scope 1, Scope 2 and business travel under Scope 3 emissions. Projected full year 2022 CO2e emissions are based on 2022 year-to-date data as well as historical company data from 2014-2021. Final CO2e emissions will be made available in 2023 following independent verification. 7 Since 2004 8 Sustainable Bond Report can be found at https://ir.53.com/esg/Sustainable-Bonds/.

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![](fitbinvestormeetings-eur025.jpg)© Fifth Third Bancorp \| All Rights Reserved $1.3B $2.3B $2.5B ~$2.6B ~$4.5B ~$5.6B 2022 2023E 2024E Dividend Finance growth outpacing original expectations with strong return profile 25 Origination forecast significantly exceeds original expectations 1 1 See forward-looking statements on page 2 of this presentation; 2 Assumes macro assumptions and risk profile as of 4Q22 Pre-close production Expected Post-close production • #3 US market share - solar lending • Taking advantage of market conditions: • Federal tax credit extension and expansion, rising energy costs growing addressable market • stability of bank funding, technology platform driving competitive advantage • ~$128K average income per household (770+ FICO on solar originations) • Continue to expect through-the-cycle annual NCOs in the 1.25 - 1.30% range 1 • Forecast quarterly ACL build due to new production of $80 to $90 million (each quarter in 2023) 1,2 • Expect ~3%+ normalized ROA (accretive to reported results by 4Q24 given ACL build) 1 Original expectations ~47% CAGR

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![](fitbinvestormeetings-eur026.jpg)© Fifth Third Bancorp \| All Rights Reserved 2015 2022 Healthcare ~$4.3B Energy (incl. Renewables) ~$5.3B Entertainment, Lodging and Leisure ~$2.0B Retail ~$5.2B Technology Media Telecom ~$3.9B Financial Institutions ~$4.8B Commercial Real Estate ~$10.4B Unique value proposition • Strategic advisory for differentiated client experience • Industry specific expertise, insights and tailored solutions • Differentiated financial outcomes and enhanced financial risk management Superior financial performanceIndustry vertical execution strategy 2015 2022 Industry verticals Total fees 2 NCO ratio 2 0.17% 0.09% Commercial Portfolio ex. Verticals Industry Verticals $ in billions; loans outstanding as of 12/31/22 1 1Based on a management reporting basis; 2Fee growth and net-charge offs shown are for the last twelve months ended 4Q22 Period-end Loans Outstanding 4Q22 Industry vertical expertise Asset Based Lending Debt Capital Markets Treasury Management Financial Risk Mgmt. / Hedging M&A Advisory Leveraged Lending Equity Capital Markets Traditional Lending & Leasing 8 bps lower Specialized industry verticals generate distinctive financial results and risk management 26

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![](fitbinvestormeetings-eur027.jpg)© Fifth Third Bancorp \| All Rights Reserved 36% 15% 36% 13% Midwest Chicago Southeast CA/TX Expansion 27 Investing in talent and adding value to clients Key highlights: • FY22 production was nearly equal between the Midwest markets (including Chicago) and Southeast + expansion markets • Expansion markets FY23 production expected to increase ~12% YoY 1 Increasing our new quality relationships across the footprint 1 Represents forward looking statement, please refer to page 2 of this presentation regarding forward-looking non-GAAP measures Growing middle market relationships to improve profitability 105 69 116 111 2019 2020 2021 2022 Midwest Southeast Chicago Expansion MarketsContinued production momentum and geographic diversification Total Middle Market Production 2019 2020 2021 2022 • Increased Middle Market sales team by ~4% YoY with an increase of ~15% in our Southeast + expansion markets • One Bank service and delivery model • Dedicated credit, treasury management, and corporate finance coverage • Enhanced client offering (full suite of capital markets capabilities, TM, and a renewed focus on secured lending) ~11% CAGR

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![](fitbinvestormeetings-eur028.jpg)© Fifth Third Bancorp \| All Rights Reserved 28 ($3BN @ 2.25% 1- month LIBOR strike) Cash flow hedges continue to protect NIM 1 EOP notional value of cash flow hedges ($ in billions) Actual Cash flow hedges 1 Represents forward looking statement, please refer to page 2 of this presentation regarding forward-looking non-GAAP measures; All swaps are receive fixed / pay 1-month LIBOR. 2 $3BN floors mature on 12/16/2024. Swap protection extends through 2031 ($3BN added in 4Q22) Floors Forward starting swaps Existing swaps weighted average receive fix rate (swaps only) 2.35% 2.37% 2.37% 3.27%2.37% 2.35%2.34% 2.34% 2.34% 2.50% 3.17% 3.17% 3.19% 3.44% 2

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![](fitbinvestormeetings-eur029.jpg)© Fifth Third Bancorp \| All Rights Reserved 37% 39% 9% 11% 4% 75% 14% 7% 4% • 66% allocation to bullet/ locked- out cash flow securities • AFS yield: 2.97% 5 • Effective duration of 5.36 6 • Net unrealized pre-tax loss: $6.0BN • 99% AFS 11 $24.6BN fixed 3 \| $51.7BN variable 1,2 Commercial loans 1,2,3 Balance sheet positioning as of 12/31/22 29 0% 100% Fix \| 0% Variable 85% Fix \| 15% Variable Investment portfolioConsumer loans 1 Long-term debt 4 $36.8BN fixed \| $8.3BN variable 1 $7.6BN fixed \| $6.1BN variable 4 • 1M based: 45% 7, 12 • 3M based: 6% 7, 12 • Prime & O/N based: 15% 7,12 • Other based: 1% 7,10, 12 • Weighted avg. life: 1.9 years 1,3 • 1M based: 2% 8,12 • 12M based: 2% 8,12 • Prime: 12% 8 • Other based: 3% 8,12,13 • Weighted avg. life: 3.8 years 1 • 1M based: 15% 9 • 3M based: 7% 9 • SOFR based: 22% • Weighted avg. life: 4.6 years C&I 27% Fix \| 73% Variable Coml. mortgage 41% Fix \| 59% Variable Coml. lease 100% Fix \| 0% Variable Resi mtg.& construction 90% Fix \| 10% Variable Home equity 8% Fix \| 92% Variable Senior debt 52% Fix \| 48% Variable Sub debt 65% Fix \| 35% Variable Auto securiz. proceeds 100% Fix \| 0% Variable Coml. construction 33% Fix \| 67% Variable Credit card 40% Fix \| 60% Variable Other 79% Fix \| 21% Variable Other 85% Fix \| 15% Variable Level 1 100% Fix \| 0% Variable Level 2A Non-HQLA/ Other • The information above incorporates the impact of $12BN in active cash flow hedges ($8BN in C&I receive-fixed swaps and $4BN in CRE receive-fixed swaps) and ~$6.0BN fair value hedges associated with long-term debt (receive-fixed swaps). • The impacts of PPP loans (given the expected temporary nature) are excluded Includes $5.2BN non-agency CMBS (All super-senior, AAA-rated securities; 57.9% WA LTV, ~38.7% credit enhancement) Auto/Indirect 97% Fix \| 3% Variable 23% 55% 22% 77% 20% 1% 2% 1 Excludes HFS Loans & Leases; 2 Fifth Third had $12B of commercial variable loans classified as fixed given the impacts of $8BN in C&I receive-fix swaps and $4BN in CRE receive-fix swaps; Excludes forward starting swaps & floors; Excludes$3BN in out-of-the-money floors with a 2.25% 1ML strike currently on the balance sheet; 3 Excludes ~$0.1BN in Small Business Administration Paycheck Protection Program (PPP) loans; 4 Fifth Third had $705MM 3mL receive-fix swaps, $2.25BN 1mL receive-fix swaps, and $3.0BN SOFR receive-fix swaps outstanding against long-term debt, which are being included in floating long-term debt; 5 Yield of the 4Q22 weighted average taxable and non-taxable (tax equivalent) available for sale portfolio; 6 Effective duration taxable and non-taxable available for sale portfolio; 7 As a percent of total commercial, excluding PPP loans; 8 As a percent of total consumer; 9 As a percent of par; 10 Includes 12M term, 6M term, and Fed Funds based loans; 11 Excludes equity securities; 12 Term points include LIBOR, SOFR, BSBY, AMERIBOR, Treasuries & FX curves; 13 Includes overnight term, 3M term, 6M term, 12M term and Fed Funds

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![](fitbinvestormeetings-eur030.jpg)© Fifth Third Bancorp \| All Rights Reserved 12% 2% 48% 17% 2% 14% 4% Agency CMBS ABS Agency RMBS Agency CMO Other Non-agency CMBS US Treasury Muni Non-Agency RMBS Securities portfolio mix 1,2 52% 12% 11% 11% 9% 5% Differentiated securities portfolio has generated peer- leading yields for 7+ years and provides stable cash flows Consistent securities yield outperformance 1 FY15 FY16 FY17 FY18 FY19 FY20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 FITB Peer Median Peer average $58B ~31% of earning assets 67% invested in bullet and locked-out structures ~100 bps outperformance over past 8 qtrs ~90 bps outperformance from FY15 to FY20 Fifth Third ~25% of earning assets 30 • Expect existing securities portfolio cash flows to remain stable for foreseeable future (cash flows expected to represent <10% of the portfolio for several years) 3 • Maintained a stable duration despite volatile rate environment • Limited extension risk given structure of portfolio Totals may not foot due to rounding; 1 Source: Regulatory data pulled from S&P Market Intelligence; Peer group is comprised of Fifth Third's board approved peers; 2 Structured financial products caption is mapped to Agency CMBS; 3 See forward-looking statements on page 2 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 27-29 of the 4Q22 earnings release

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![](fitbinvestormeetings-eur031.jpg)© Fifth Third Bancorp \| All Rights Reserved 31 Anticipated timeline of application and platform upgrades Enhanced mobile app rollout Workday GL conversion FIS: CDs & ATM conversions 4Q22 2H23 4Q24 FIS: checking & savings conversions AFS: commercial loan system conversion 4Q25 Unique and simplified product positioning Unique approach to third party platforms • Fifth Third has 7 consumer checking and 4 savings products (compared to potentially 100s at many large regional banks) • Continuing to simplify product line in advance of conversion (Overall TM product simplification – including ~90% reduction in IT customizations and ~50% reduction in billing codes) • Fewer products drastically simplifies conversions • Adopting standard, automated work practices • Minimizing customization for all new platforms enables low friction releases and drastically simplifies conversions (nCino under 5% customization - industry leading) • Deploying reusable APIs • Driving value through advanced data science (example: Customer Recommendation Engine) • Less customization and leaner processes increase scale benefits and reduce ongoing platform maintenance costs Digital transformation will accelerate product development and speed to market 1H24 FIS: TM billing conversion through (rolling conversions by product/market)

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![](fitbinvestormeetings-eur032.jpg)© Fifth Third Bancorp \| All Rights Reserved 4Q21 3Q22 4Q22 NCO ratio 1 0.10% 0.17% 0.13% 30-89 Delinquencies 0.11% 0.19% 0.14% 90+ Delinquencies 0.03% 0.03% 0.02% Nonperforming Loans 2 0.48% 0.39% 0.34% 32 Total loans $ in billions; including HFS Period-end QoQ change Average QoQ change Key statistics Total commercial portfolio overview 1.8% 4.7% 4.2% 1.9% 1.5% 5.3% 3.8% 2.9% 1.1% 0.8% Average - Commercial Loans & Leases Period-end Commercial Loans & Leases 1 Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases

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![](fitbinvestormeetings-eur033.jpg)© Fifth Third Bancorp \| All Rights Reserved Classification: Internal Use 4Q21 3Q22 4Q22 NCO ratio 1 0.11% 0.24% 0.14% 30-89 Delinquencies 0.14% 0.22% 0.14% 90+ Delinquencies 0.03% 0.03% 0.02% Nonperforming Loans 2 0.54% 0.45% 0.38% 33 Portfolio loans $ in billions Period-end QoQ change Average QoQ change Key statistics Revolving Line Utilization Trend 3 Commercial & industrial overview 3.8% 6.0% 5.5% 2.1% 1.8% 8.0% 4.4% 4.1% 0.6% 1.4% Average - C&I Period-end C&I 1 Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases 3 Total commercial portfolio line utilization

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![](fitbinvestormeetings-eur034.jpg)© Fifth Third Bancorp \| All Rights Reserved Classification: Internal Use 4Q21 3Q22 4Q22 NCO ratio 1 0.03% (0.03%) 0.00% 30-89 Delinquencies 0.03% 0.10% 0.16% 90+ Delinquencies 0.01% 0.00% 0.00% Nonperforming Loans 2 0.35% 0.25% 0.29% Commercial real estate overview 34 CRE Mortgage Balance by owner occupancy CRE Construction Balance by property type Average – Commercial Mortgage Average – Commercial Construction Period-end – Commercial Mortgage Period-end – Commercial Construction Portfolio loans Key statistics Period-end QoQ change Average QoQ change 1 Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases $ in billions (1.3%) 3.6% (0.1%) 2.6% (0.4%) (2.9%) 2.0% 1.1% 1.5% 0.8% Multifamily Other Retail Hospitality Office Industrial Home Builder Non-Owner Occupied Owner Occupied 4Q21 1Q22 2Q22 3Q22 4Q22

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![](fitbinvestormeetings-eur035.jpg)© Fifth Third Bancorp \| All Rights Reserved 4Q21 3Q22 4Q22 NCO ratio 1 0.21% 0.28% 0.38% 30-89 Delinquencies 0.43% 0.43% 0.57% 90+ Delinquencies 0.23% 0.07% 0.06% Nonperforming Loans 2 0.39% 0.51% 0.56% Weighted average FICO at origination 3 765 765 765 Weighted average LTV at origination 4 74% 80% 78% Total consumer portfolio overview 35 Portfolio FICO score at origination 3 $ in billions; including HFS Total loans Key statistics Period-end QoQ change Average QoQ change 0.1% (1.8%) 0.2% 0.6% (0.4%) (0.5%) (1.4%) 1.7% (0.5%) (0.1%) 750+720-749<660 660-719 4% Period-end Consumer loansAverage Consumer loans 1 For Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases 3 FICO distributions at origination exclude certain acquired consumer loans; 4 Portfolios include home equity, residential mortgage, & indirect secured consumer

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![](fitbinvestormeetings-eur036.jpg)© Fifth Third Bancorp \| All Rights Reserved Classification: Internal Use 4Q21 3Q22 4Q22 NCO ratio 1 (0.06%) (0.02%) 0.01% 30-89 Delinquencies 0.12% 0.10% 0.17% 90+ Delinquencies 0.44% 0.04% 0.04% Nonperforming Loans 2 0.20% 0.65% 0.70% Weighted average FICO at origination 3 765 766 765 Weighted average LTV at origination 71% 71% 71% Residential mortgage overview 36 Portfolio FICO score at origination 3 $ in billions Portfolio loans Key statistics Period-end QoQ change Average QoQ change (0.2%) 1.9% 5.2% 1.5% (0.2%) 1.5% 4.6% 2.5% 0.2% 0.2% 750+720-749<660 660-719 4% Period-endAverage 1 For Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases 3 FICO distributions at origination exclude certain acquired mortgage loans

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![](fitbinvestormeetings-eur037.jpg)© Fifth Third Bancorp \| All Rights Reserved Classification: Internal Use 4Q21 3Q22 4Q22 NCO ratio 1 (0.18%) (0.08%) 0.02% 30-89 Delinquencies 0.61% 0.55% 0.74% 90+ Delinquencies 0.02% 0.03% 0.02% Nonperforming Loans 2 1.89% 1.70% 1.66% Weighted average FICO at origination 3 763 767 767 Weighted average LTV at origination 68% 67% 67% Home equity overview 37 Portfolio FICO score at origination 3 $ in billions Portfolio loans Key statistics Period-end QoQ change Average QoQ change (5.2%) (4.1%) (2.8%) 1.6% 1.7% (4.5%) (4.1%) (0.3%) 2.4% 1.0% 750+720-749<660 660-719 2% Period-endAverage 1 For Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases 3 FICO distributions at origination exclude certain acquired home equity loans

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![](fitbinvestormeetings-eur038.jpg)© Fifth Third Bancorp \| All Rights Reserved Classification: Internal Use 4Q21 3Q22 4Q22 NCO ratio 1 0.14% 0.24% 0.32% 30-89 Delinquencies 0.61% 0.65% 0.86% 90+ Delinquencies 0.05% 0.06% 0.00% Nonperforming Loans 2 0.16% 0.09% 0.18% Indirect secured consumer overview 38 Portfolio FICO score at origination Includes primarily RV & Marine $ in billions Portfolio loans Key statistics Period-end QoQ change Average QoQ change 1% 4.8% 4.8% 0.6% (2.8%) (1.3%) 4.9% 3.8% (2.3%) (2.2%) (0.6%) 750+720-749<660 660-719 Weighted average FICO at origination 3 766 768 768 Weighted average LTV at origination 88% 88% 88% Period-endAverage 1 For Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases

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![](fitbinvestormeetings-eur039.jpg)© Fifth Third Bancorp \| All Rights Reserved Classification: Internal Use 4Q21 3Q22 4Q22 NCO ratio 1 2.90% 2.69% 2.85% 30-89 Delinquencies 1.02% 1.02% 1.12% 90+ Delinquencies 0.85% 0.79% 0.96% Nonperforming Loans 2 1.30% 1.30% 1.44% Credit card overview 39 Portfolio FICO score at origination 3 750+720-749<660 660-719 $ in billions Portfolio loans Key statistics Period-end QoQ change Average QoQ change 1 For Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases 3 FICO distributions at origination exclude ~$80 million from credit loans on book primarily ~15+ years (0.5%) (2.8%) 0.8% 3.1% 2.2% 1.3% (4.3%) 4.3% 0.4% 5.9% Weighted average FICO at origination 3 741 742 743 4% Period-endAverage

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![](fitbinvestormeetings-eur040.jpg)© Fifth Third Bancorp \| All Rights Reserved 40 Non-GAAP reconciliation Note: For specific adjustments refer to non-GAAP reconciliations in the 1Q19 and 4Q22 earnings presentations; 1 Assumes 23% tax rate; totals may not foot due to rounding Fifth Third Bancorp and Subsidiaries For the Last Twelve Months Ended For the Last Twelve Months Ended $ in millions (unaudited) 2018 2022 Net interest income 4,140 5,609 Add: Taxable equivalent adjustment 16 16 Net interest income (FTE) (a) 4,156 5,625 Noninterest income (b) 2,790 2,766 Total Revenue (FTE) (c) [(a + b)] 6,946 8,391 Revenue adjustments (504) 96 Adjusted Total Revenue (d) 6,442 8,487 Noninterest expense (e) 3,958 4,719 Expense adjustments (64) 0 Adjusted noninterest expense (f) 3,894 4,719 Pre-provision net revenue (PPNR) (g) [(c) - (e)] 2,988 3,672 Adjusted PPNR (h) [(d) - (f)] 2,548 3,768 Net income available to common shareholders (i) $2,118 2,330 Average Bancorp shareholders' equity (U.S. GAAP) 15,970 19,080 Less: Average preferred stock (1,331) (2,116) Average common shareholders' equity (j) 14,639 16,964 Less: Average accumulated other comprehensive income ("AOCI") 575 2,689 Average common shareholders' equity, excluding AOCI (k) 15,214 19,653 Average assets (l) $142,183 $206,929 Adjustments - pre-tax (440) 96 Adjustments - after-tax 1 (m) (339) 59 Adjusted net income available to common shareholders (n) [(i) + (m)] 1,779 2,389 Metrics: Return on average common equity [(i) / (j)] 14.5% 13.7% Adjusted return on average common equity [(n) / (j)] 12.2% 14.1% Adjusted return on average common equity, excluding AOCI [(n) / (k)] 11.7% 12.2% PPNR / average assets [(g) / (l)] 2.1% 1.8% Adjusted PPNR / average assets [(h) / (l)] 1.8% 1.8% Efficiency ratio (FTE) [(e) / (c)] 57.0% 56.2% Adjusted efficiency ratio [(f) / (d)] 60.5% 55.6%

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