Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Shareholder Meeting (April 2010)
16 slides from Fifth Third Bancorp's shareholder meeting presentation, Apr 20, 2010
Slide 1: Annual Meeting of Fifth Third Shareholders
Annual Meeting of Fifth Third Shareholders Kevin T. Kabat Chairman, President & Chief Executive Officer April 20, 2010 Please refer to earnings release dated January 21, 2010 and 10-K dated February 26, 2010 for further information, including full results reported on a U.S. GAAP basis Exhibit 99.1
Slide 2: Agenda
Agenda Overview Economic backdrop 2009 performance summary and highlights Capital and loan loss reserve analysis Strategy for 2010 and beyond
Slide 3: Fifth Third today
Naples Raleigh Cincinnati Florence Louisville Lexington Nashville Atlanta Augusta Orlando Tampa Naples Raleigh Charlotte Huntington Pittsburgh Cleveland Columbus Toledo Detroit Grand Rapids Traverse City Chicago Evansville Jacksonville Indianapolis St. Louis Fifth Third today * Fortune magazine, Mar
Slide 4: Operating environment update
Operating environment update Roots of the crisis — Global savings imbalances — The housing bubble — Higher than normal leverage in financial system — Oversight failures Government actions — TARP and CPP — The “stress test” — Ongoing intervention in housing market Economy is improving — GDP growth —
Slide 5: Macro economic indicators
GDP and Unemployment Consumer Confidence and Retail Sales Interest Rate Market Macro economic indicators Housing Market Source: Bloomberg.
Slide 6: 2009 results vs. peers
2 1 3 4 5 6 7 8 9 2009 results vs. peers Range Metric Rank / 13 Peer average Core Deposit growth^ 9.7% (1.8%) 18.1% 9.8% Tier 1 ratio* 11.1% 8.4% 13.3% 13.3% Tier 1 common ratio* 7.0% 5.5% 8.5% 7.0% 6.2% 4.3% 8.1% 6.5% Tangible common equity ratio 3.10% Net Interest Margin* 3.47% 2.72% 4.31% 3.55% C
Slide 7: Deposit share momentum
Affiliate 5/3 Deposit (08-09) 5/3 Market Share Name Deposit ($) (%) Share 2009 2008 Deposit share momentum Source: FDIC, SNL Financial; branches included are full service retail / brick and mortar; data excludes headquarters branches with over $250 million in deposits. • Continued focus on customer
Slide 8: Third Party customer experience recognition
Third Party customer experience recognition University of Michigan American Customer Satisfaction Index (ACSI)* Fifth Third Bank was tied for first (Wachovia) in the latest ACSI ranking. We were significantly higher than all of the other measured banks, including JP Morgan Chase, Bank of America, We
Slide 9: 4Q09 credit results
4Q09 credit results Source: SNL and company reports. NPAs exclude loans held-for-sale and covered assets. Year-over-year NCO growth versus peers Peer average: 122% NPA ratio versus peers Year-over-year NPA growth versus peers Peer average: 100% Net charge-off ratio versus peers
Slide 10: Reserves / Total loans
Reserves / Total loans Strong reserve position Coverage ratios are strong relative to peers Source: SNL and company reports. NPAs/NPLs exclude held-for-sale portion for all banks and covered assets for BBT, USB, and ZION. 1. FITB 4.88% 2. KEY 4.31% 3. HBAN 4.03% 4. ZION 3.81% 5. RF 3.43% 6. MI 3.36%
Slide 11: Strong capital position
Strong capital position Source: SNL and company reports. (TCE + reserves) / Loans Tangible common equity ratio Peer average: 6.2% Peer average: 12.0% Tier 1 common ratio Peer average: 7.1% Peer average w/ TARP: 11.2% Peer average w/o TARP: 8.9% Tier 1 capital ratio (with and without TARP) 8.6% 11.1%
Slide 12: Strong relative stock performance
Strong relative stock performance From June 2008 capital actions to date (110%) (90%) (70%) (50%) (30%) (10%) 10% 30% 50% 70% 90% 110% FITB 59% SP Banks 6% BKX (9%) TARP investment FTPS announcement SCAP results Source: Bloomberg, 06/18/08 – 04/16/10. June 2008 capital actions FITB stock price $9.26
Slide 13: Strong relative stock performance
Strong relative stock performance From last year’s Annual Shareholder Meeting to date (50%) 0% 50% 100% 150% 200% 250% 300% FITB 259% SP Banks 65% BKX 61% Source: Bloomberg, 04/21/09 – 04/16/10. FITB stock price $3.65 FITB stock price $14.20 SCAP results
Slide 14: Focus areas for 2010 and beyond
Focus areas for 2010 and beyond
Slide 15: FIFTH THIRD BANK
3/3 FIFTH THIRD BANK
Slide 16: Cautionary statement
Cautionary statement This report may contain 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 3b-6
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