Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — Goldman Sachs U.S. Financial Services Conference 2020

16 slides from Fifth Third Bancorp's conference presentation, Dec 8, 2020

  1. Slide 1: Goldman Sachs U.S. Financial Services Conference

    1 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Goldman Sachs U.S. Financial Services Conference Greg D. Carmichael Chairman & Chief Executive Officer December 8, 2020

  2. Slide 2: Cautionary statement

    2 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved 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

  3. Slide 3: Actions taken since the onset of the pandemic are leading to improved outcomes

    3 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Actions taken since the onset of the pandemic are leading to improved outcomes • Direct outreach to over 3 million customers • Maintained 99% of branch network open for business • Early adopter of temporary hardship relief, a

  4. Slide 4: Customer trends evolving in the current environment

    4 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved (50%) (40%) (30%) (20%) (10%) 0% 10% 20% 30% Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Customer trends evolving in the current environment Deposits remain elevated vs. pre-pandemic levels $2

  5. Slide 5: Well positioned to generate top quartile returns

    5 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Well positioned to generate top quartile returns Continue to take prudent and proactive steps to generate sustainable long-term economic value for shareholders to become a top performing regional bank  Reduced credit risk ex

  6. Slide 6: Accelerating our transformation through improved customer digital capabilities

    6 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Accelerating our transformation through improved customer digital capabilities World Class Deposit Account Opening Digital CollectionsDigital MessagingDigital Mortgage Application Digitized the account opening process for all

  7. Slide 7: Investing in our businesses to generate profitable growth

    7 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved … and leveraging best-in-class tech solutions and FinTech partnerships Investing in our businesses to generate profitable growth • Expanding middle market banking (Southeast markets, Texas, and California) • Generating top-qu

  8. Slide 8: Optimizing the branch network and investing in high growth markets

    8 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Key Southeast MSAs US Average Legacy Midwest Key Southeast MSAs US Average Legacy Midwest 1Expected population growth sourced from ESRI and is for the 2019-2024 period; expected household income sourced from S&P Global Market

  9. Slide 9: Disciplined credit risk management and proactive monitoring

    9 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 10 Peer 9 0% 1% 2% 3% 4% 5% 6% 7% 8% 65% 95% 125% 155% 185% 215% 245% 275% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 10Peer 9 0.00% 0.10% 0.20% 0

  10. Slide 10: Remain well-positioned to navigate the uncertain economic environment

    10 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Remain well-positioned to navigate the uncertain economic environment Well-positioned Balance Sheet Diversified Revenue Mix Proactive focus on maintaining strong returns 1 2 3

  11. Slide 11: Appendix

    11 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Appendix

  12. Slide 12: Strong capital and liquidity position

    12 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved 10.1% 9.3% 10.4% 9.9% 10.2% 10.0% 9.8% 9.8% 9.3% 9.5% 9.2% 2.0% 2.2% 1.5% 2.1% 1.6% 1.7% 1.7% 1.9% 1.6% 1.5% 1.7% 2.0% 1.4% 0.6% 0.3% 0.7% 0.6% 14.1% 13.0% 12.6% 12.3% 12.0% 11.8% 11.7% 11.7% 11.6% 11.6% 10.7% FITB Peer 1 Pe

  13. Slide 13: Well positioned to mitigate impacts of lower rates

    13 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved (25%) (20%) (12%) (11%) (10%) (10%) (10%) (10%) (5%) (1%) Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 x 44% 41% 36% 36% 36% 31% 29% 28% 24% 10% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer

  14. Slide 14: Aggressively reducing interest expense given the rate environment

    14 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved $1,250 $800 $850 $300 $250 $500 $700 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 Bank Bancorp Aggressively reducing interest expense given the rate environment Proactively managing deposit costs given the rate environment Interest ch

  15. Slide 15: ESG highlights

    15 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved $18 Minimum wage 60% Women in workforce 27% Persons of color in workforce $63MM Diverse supplier spend $8.75MM Pledged for COVID-19 relief 147,293 Hours of community service (~$3.7M equiv.) 5.4BN in PPP loans 5.2MM Meals pro

  16. Slide 16: COVID-19 hardship relief summary

    16 Classification: Internal Use  Fifth Third Bancorp | All Rights Reserved Commercial loans & leases: 5% 1% 0% Commercial and industrial loans 3% 0% 0% Commercial mortgage 15% 3% 2% Commercial construction 7% 3% 1% Commercial leases 4% 0% 0% Consumer Loans: 8% 4% 3% Residential mortgage loans2 9% 7

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