Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Shareholder Meeting (April 2011)
15 slides from Fifth Third Bancorp's shareholder meeting presentation, Apr 19, 2011
Slide 1: Annual Meeting of Shareholders
Annual Meeting of Shareholders April 19, 2011 Please refer to earnings release dated January 19, 2011 and 10-K dated February 28, 2011 for further information, including full results reported on a U.S. GAAP basis Exhibit 99.1
Slide 2: Agenda
Agenda • Fifth Third today • 2010 results • Regulatory and economic environment • The customer experience • Share price performance • Looking ahead
Slide 3: Key themes – Fifth Third
Key themes – Fifth Third Well-positioned for success and leadership in new banking landscape
Slide 4: Fifth Third franchise
Kentucky Tennessee Georgia Florida North Carolina West Virginia Pennsylvania Ohio Michigan Illinois Indiana Missouri Fifth Third franchise $111 billion assets (#13) $82 billion deposits (#13) $12 billion market cap (#13) 1,312 banking centers 2,445 ATMs Headquartered in Cincinnati, Ohio with 15 affi
Slide 5: A foundation of continued growth
A foundation of continued growth Capital – foundation for continued growth — Capital base transformed through series of capital actions, including the repayment of TARP in early February 2011 – Tier 1 common capital has increased ~450bps — Capital levels supplemented by strong reserve levels – Loan
Slide 6: Peer performance summary
Peer performance summary Continue to outperform peers on key value drivers FITB Large bank peers (2) Midwest peers (3) performance vs. peers Avg core deposit growth, YoY 6% 1% 2% Outperformed Avg loan growth, YoY (2%) (5%) (7%) Outperformed NII growth, YoY 4% 0% 2% Outperformed Operating fee growth,
Slide 7: Credit metrics & reserve coverage outperform peers
Credit metrics & reserve coverage outperform peers Source: SNL Financial and company reports. Data as of 4Q10. HFI NPAs and NPLs exclude loans held-for-sale and also exclude covered assets for BBT, USB, and ZION Reserve coverage strong relative to problem assets and losses FITB credit metrics lower
Slide 8: Majority of footprint beginning to recover
Majority of footprint beginning to recover (Early cycle impact; strong industrial base) Source: Map from Moody’s Analytics. Categories based on Moody’s Analytics’ Adversity Index, which is a composite index of unemployment, industrial production, home prices and housing starts. Declining values lead
Slide 9: Current operating environment
Current operating environment • Emerging clarity on regulatory and capital environment as Dodd-Frank Act enters rule-making and implementation phase – Mitigation approaches will further differentiate banks • Expect continued improvements in asset quality – Real estate recovery slowed due to foreclos
Slide 10: Continuing to invest for the future
Continuing to invest for the future
Slide 11: Customer experience
Customer experience For the first time, Fifth Third’s score was higher than the ACSI Banks industry average (Bank of America, Citi, Wells Fargo, J.P. Morgan Chase and an aggregate of smaller banks)” Fifth Third Bank engaged the American Customer Satisfaction Index (ACSI) in custom research projects
Slide 12: 2010 total return
2010 total return (price appreciation plus dividends) Source: Bloomberg, 12/31/09-12/31/10 Market recognizes Fifth Third’s progress FITB +51% S&P Banks Index +20% S&P 500 Index +15%
Slide 13: Key themes
Key themes Well-positioned for success and leadership in new banking landscape
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Slide 15: Cautionary statement
Cautionary statement This report 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 3b-6 pr
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