Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — Morgan Stanley 2021 US Financials, Payments & CRE Conference

15 slides from Fifth Third Bancorp's conference presentation, Jun 16, 2021

  1. Slide 1: Morgan Stanley 2021 US Financials, Payments & CRE Conference

    1 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved Morgan Stanley 2021 US Financials, Payments & CRE Conference Greg D. Carmichael Chairman & Chief Executive Officer June 16, 2021

  2. Slide 2: Cautionary statement

    2 Classification: Internal Use© Fifth Third Banc rp | 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: Living our purpose guided by our vision and values

    3 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved Living our purpose guided by our vision and values 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

  4. Slide 4: Committed to generating sustainable value

    4 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved Committed to generating sustainable value Environmental, Social, and Governance (ESG) actions and impact Actions Impact $41.6BN Delivered against 2016 $32BN community commitment1 $18 Minimum wage per hour (since 2019) $2.8BN c

  5. Slide 5: Delivering on our financial commitments

    5 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved FY15 1Q21 LTM Commercial banking Deposit service W&AM Card & processing Leasing Mortgage Other Delivering on our financial commitments 1 Differentiating our brand and customer experience 2 Optimizing the balance sheet 3 Drivin

  6. Slide 6: Investing in technology to improve our resiliency and better serve our customers

    6 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved Investing in technology to improve our resiliency and better serve our customers Select initiatives Select Recent outcomes Customer-facing digital capabilitiesTechnology spend composition Run the Bank Advance the bank Protect

  7. Slide 7: Customer recommendation engine helps acquire, deepen, and retain relationships

    7 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved • Customer recommendation engine utilizes 200+ machine learning algorithms to produce optimal consumer customer outcomes while improving profitability • Data analytics leverage proprietary customer data – including over 150 va

  8. Slide 8: Momentum Banking: an unparalleled value proposition

    8 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved 1.67% Cash Back Card Savings goals Automated smart savings Momentum Banking: an unparalleled value proposition Fintech product with the local presence of an actual bank Early Pay Extra Time®MyAdvance™ Immediate funds Broadest

  9. Slide 9: Investing in the Southeast franchise to generate smart scale

    9 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved 58% 16% 26% Midwest ex. Chicago Chicago Southeast Investing in the Southeast franchise to generate smart scale FITB SE market with a top 3 deposit share Key Southeast MSAs of focus Represents a FITB Southeast retail market for

  10. Slide 10: Focused on growing middle market relationships to improve profitability

    10 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved # 1 New York, NY #2 Los Angeles, CA #3 Chicago, IL #4 Dallas, TX #5 Washington, D.C. #6 Philadelphia, PA #7 Houston, TX #8 Boston, MA #9 San Francisco, CA #10 Miami, FL Corp. banking Est. 2013 Middle market Est. 1Q18 Focused

  11. Slide 11: Appendix

    11 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved Appendix

  12. Slide 12: Well positioned to benefit from higher rates

    12 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved Well positioned to benefit from higher rates Estimated NII sensitivity profile and ALCO policy limits Estimated NII sensitivity with deposit beta changes Estimated NII benefit from increased securities balances4,5 NII is asse

  13. Slide 13: Securities portfolio continues to provide differentiated performance

    13 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved Peer 6 Peer 7 Peer 2 Peer 4 Peer 3 Peer 8 Peer 5 Peer 9 (35%) (30%) (25%) (20%) (15%) (10%) (5%) 0% (30%) (20%) (10%) 0% 10% 20% 30% 40% Securities portfolio continues to provide differentiated performance 68% 62% 50% 47% 45%

  14. Slide 14: Customer trends in the current environment

    14 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved 70% 74% 1Q20 1Q21 +4% Customer trends in the current environment Deposits remain elevated vs. pre-pandemic levels $27 $27 $35 $34 $32 $28 $27 $26 $25 $24 $24 $24 $24 $24 $23 $24 $24 36% 37% 47% 46% 42% 38% 37% 35% 33% 32% 32%

  15. Slide 15: Paycheck Protection Program update

    15 Classification: Internal Use© Fifth Third Banc rp | All Rights Reserved Paycheck Protection Program update1 PPP loan balance assumptions ($ billions; Average Balance) 1Q21 2Q21 3Q21 4Q21 Wave 1 & 2 Wave 3 Total 3Q20 4Q20 $5.2 $5.1 $4.4 $3.1 $1.5 $0.5 - - $0.8 $1.8 $1.7 $1.5 $5.2 $5.1 $5.2 $4.9 $3

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