Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Morgan Stanley Financials Conference 2019
12 slides from Fifth Third Bancorp's conference presentation, Jun 11, 2019
Slide 1: Morgan Stanley Financials Conference 2019
Morgan Stanley Financials Conference 2019 Greg D. Carmichael Chairman, President & Chief Executive Officer June 12, 2019 Exhibit 99.1
Slide 2: Cautionary statement
Cautionary statement This presentation contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3
Slide 3: Focused banking franchise with national lending capabilities
Focused banking franchise with national lending capabilities Regional footprint Out of footprint middle market and corporate banking FITB markets with a top 3 deposit share Financials for FITB from 3/31/19 10-Q;1CRE and total capital per regulatory filings as of 3/31/19; 2Stable retail deposits as d
Slide 4: Successful conversion of MB Financial
March 22 – Closed merger May 3-5 – Conversion of all primary systems completed May 31 – Conversion of trust and brokerage systems completed June – First wave of personnel reductions completed No change to expense and revenue synergy targets: $255MM annual pre-tax expense savings by 1Q20; expect to r
Slide 5: Strategic priorities
Strategic priorities 1 2 Maintain credit, expense and capital discipline Invest to drive organic growth and profitability 3 Expand market share in key geographies Focused on generating positive operating leverage in all environments 4 Leverage technology capabilities to accelerate digital transforma
Slide 6: Technology is a key enabler throughout the bank
Technology is a key enabler throughout the bank LOB growth & transformation Security & compliance System maintenance & infrastructure Enterprise digital & data initiatives Digitizing all core loan and deposit products Current priorities 1 Recent solutions In addition to leveraging 11 Fintech partner
Slide 7: Investing to drive organic growth and profitability
Collaboration across the bank to profitably grow and deepen relationships Increasing sales force and investing in technology throughout company to drive improved returns Continued assessment of commercial middle market opportunities in high-growth markets Capital Markets Treasury Management Preferre
Slide 8: Leveraging complementary strengths to improve post-acquisition performance
Expanded products and services (including digital/mobile offerings) Very attractive locational coverage with underpenetrated client base Focus on the upper end of middle market lending & asset-based lending Strong capital markets & TM capabilities Best-of-blend approach Market leadership position (3
Slide 9: Next-generation branch transformation
Branch closures in Midwest expected to continue outpacing openings in higher growth Southeast markets through 2019; expect net openings starting in 2020 Opportunity for ~$2BN deposit growth over 5 year period Key in-footprint markets of focus: Branch size ~40% smaller than legacy network with a shor
Slide 10: Market share vs. household income growth
Market share vs. household income growth Note: Peers are pro forma for announced/completed mergers; Deposits capped at $500 million per branch per FDIC Summary of Deposits as of June 30, 2018; 1Reflects deposit-weighted average household income growth from 2019 to 2024 per S&P Global Market Intellig
Slide 11: Maintaining disciplined approach across all risk types
Peer Median Funding loan growth with core deposits while maintaining pricing discipline Maintaining strong credit risk profile 1Data from S&P Global Market Intelligence and 3/31/19 10-Q filings, securities portfolio cash flows calculated as full year proceeds from maturities, redemptions, paydowns,
Slide 12: Strategic priorities
Strategic priorities Focused on top quartile through-the-cycle performance to create long-term shareholder value 1 3 2 4 Leverage technology capabilities to accelerate digital transformation Maintain credit, expense and capital discipline Expand market share in key geographies Invest to drive organi
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