Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — Non-Deal Roadshow (February 2024)

25 slides from Fifth Third Bancorp's roadshow presentation, Feb 5, 2024

1. Slide 1: Fifth Third Bancorp Investor Meetings: Europe February 2024

   © Fifth Third Bancorp | All Rights Reserved © Fifth Third Bancorp | All Rights Reserved Fifth Third Bancorp Investor Meetings: Europe February 2024

2. Slide 2: Forward-looking statements

   © Fifth Third Bancorp | All Rights Reserved Fifth Third Bancorp | All Rights Reserved 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 2

3. Slide 3: Top performing regional bank with local scale and national reach

   © Fifth Third Bancorp | All Rights Reserved 0.6 0.8 0.9 1.1 1.1 1.6 2.0 2.2 3.0 3.4 3.5 4.1 4.4 7.6 Belgium Poland Switzerland Netherlands Turkey Spain Russia Italy France United Kingdom Midwest Footprint Southeast Footprint Germany Fifth Third Footprint Midwest footprint (branch count in white) Maj

4. Slide 4: A simple, diversified business portfolio

   © Fifth Third Bancorp | All Rights Reserved Commercial Banking Lending / Deposits / Capital Markets / Treasury Management & Payments $72B loans $61B deposits Consumer & Small Business Banking Wealth & Asset Management Business Offerings Loans / Deposits $4B loans $11B deposits $46B loans $85B deposi

5. Slide 5: Driving to consistently generate top quartile results

   © Fifth Third Bancorp | All Rights Reserved 15.9% Peer 1 Peer 2 X Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 60.5% Peer 11 Peer 10 x Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 Peer 1 14.0% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 x Peer 10 Pee

6. Slide 6: Leading to top returns for our shareholders

   © Fifth Third Bancorp | All Rights Reserved 1 Year 3 Year 5 Year 7 Year 10 Year 2023 2021 - 2023 2019 - 2023 2017 - 2023 2014 - 2023 1 FITB 10% FITB 40% FITB 79% Peer 5 72% Peer 2 168% 2 Peer 1 5% Peer 5 34% Peer 5 76% Peer 2 66% Peer 5 167% 3 Peer 2 3% Peer 11 24% Peer 2 58% FITB 64% FITB 127% 4 Pe

7. Slide 7: Disciplined execution guided by core principles

   © Fifth Third Bancorp | All Rights Reserved Disciplined execution guided by core principles Stability Profitability Growth Consistent and disciplined management, with a long-term focus throughout the company 7 • Defensive balance sheet positioning • Strong credit profile • Diverse fee mix with high

8. Slide 8: Deposit franchise highlights and limited sector concentration

   © Fifth Third Bancorp | All Rights Reserved 1% 2% 3% 6% US Census 2023 FITB Midwest FITB total footprint FITB Southeast Manufacturing Other services Other financial services Healthcare Professional services Public administration Mortgage finance & other banking Insurance 7% 7% 7% 8% 8% 8% 8% 9% 8 Hi

9. Slide 9: Stability: Strong capital and liquidity position

   © Fifth Third Bancorp | All Rights Reserved ~146 bps Excludes the impact of FDIC special assessment (~58 bps) ~32 bps (~12 bps) (~11 bps) (~8 bps) ~12 bps 10.29% 9.28% Stability: Strong capital and liquidity position Regulatory capital position Liquidity position $ in billions 9 Fed Reserves Unpledg

10. Slide 10: Stability: CRE portfolio is well positioned

    © Fifth Third Bancorp | All Rights Reserved Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 0% 5% 10% 15% 20% 0% 5% 10% 15% 20% 25% 30% 35% Stability: CRE portfolio is well positioned 10 Comparing CRE criticized asset ratios to CRE as a % of total loans CRE as

11. Slide 11: Profitability: Intentionally diversifying fee revenue

    © Fifth Third Bancorp | All Rights Reserved Profitability: Intentionally diversifying fee revenue to perform well in any environment • Total adjusted fee revenue accounted for ~34% of total adjusted revenue in 2023 • Focused on diversified revenue to lessen cyclical impacts, with success in Wealth &

12. Slide 12: Disciplined expense management and productive labor force

    © Fifth Third Bancorp | All Rights Reserved 2.8% 5.9% x Peer average $235 $203 $191 $189 $185 $169 $165 $161 $151 $145 $143 $114 $100 Peer 1 x Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 12 Disciplined expense management and productive labor force Generating top-q

13. Slide 13: Profitability: Digital transformation to accelerate product development

    © Fifth Third Bancorp | All Rights Reserved 13 Digital transformation timeline 1 • Data center and network modernization to drive operational resiliency and performance • Enhanced mobile app rollout, customer recommendation, and chatbot • GL conversion (Workday) Completed Investing in technology to

14. Slide 14: Growth: Well-positioned for market share gains in the Southeast

    © Fifth Third Bancorp | All Rights Reserved ~4x FITB SE household growth over total industry SE household growth 1 #6 in FITB Southeast MSAs – locations 1 257 164 101 69 5 30 Growth: Well-positioned to further market share gains in high-growth Southeast 1 Data sourced from S&P Global Market Intellig

15. Slide 15: Growth: Footprint positioned to benefit from domestic manufacturing resurgence

    © Fifth Third Bancorp | All Rights Reserved 32% 26% 17%15% 10% FITB footprintSouthwestOther statesNortheastWest coast 7% 9% 10% 13% 13% 15% 16% 17% 18% Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 Peer 1 FITB Growth: Footprint is well positioned to benefit from resurgence of domestic manufacturi

16. Slide 16: Growth: Customer-centric, technology-enabled product innovation

    © Fifth Third Bancorp | All Rights Reserved 12/31/2021 12/31/2022 12/31/2023 12/31/2021 12/31/2022 12/31/2023 16 ~1.3 million Momentum HHs (~55% of total consumer) Growth: Customer-centric, technology-enabled product innovation and development Provide named One of the World’s Most Innovative Compani

17. Slide 17: Growth: Commercial deposit franchise led by Treasury Management

    © Fifth Third Bancorp | All Rights Reserved Led by Expert AP, Expert AR, and Cash Logistics • Digitize and automate manual “order-to-cash” and “procure-to-pay” processes for clients • Expect mid-to-high single digits annual growth, reflecting acquisition of BD Healthcare Growth: Commercial deposit f

18. Slide 18: Growth: Supporting sustainable energy in the U.S.

    © Fifth Third Bancorp | All Rights Reserved $0.3B $0.5B $0.6B $0.9B $1.4B $1.7B 2018 2019 2020 2021 2022 2023 Growth: Supporting sustainable energy in the U.S. 1 Based on 3Q23 originations Financing consumer renewable energy through Dividend FinanceFinancing large scale renewable energy projects 5.9

19. Slide 19: Why Fifth Third

    © Fifth Third Bancorp | All Rights Reserved ✓ Well positioned to navigate the potential capital and liquidity regulatory changes ✓ Well-diversified and resilient balance sheet to provide stability in uncertain environments ✓ Consistent investments to generate balanced and growing revenue streams whi

20. Slide 20: Appendix

    © Fifth Third Bancorp | All Rights Reserved Appendix 20

21. Slide 21: Well diversified commercial portfolio favoring large borrowers

    © Fifth Third Bancorp | All Rights Reserved 21 Well diversified commercial portfolio favoring large borrowers with a track record of resilience 17% 14% 12% 8%8% 7% 6% 6% 4% 4% 4% 10% Real estate Fin Services & Ins Manufacturing Business services Healthcare Wholesale trade Accommodation and food Reta

22. Slide 22: Conservative consumer loan portfolio concentrated in super prime borrowers

    © Fifth Third Bancorp | All Rights Reserved 22 Conservative consumer loan portfolio highly concentrated in super prime borrowers and homeowners Additional information: • ~85% of total consumer portfolio balances represented by homeowners (U.S. homeownership rate of ~66%) • ~75% of Auto and Card bala

23. Slide 23: Wealth & Asset Management overview

    © Fifth Third Bancorp | All Rights Reserved $146 $114 $71 $47$47$46 $35 $22 $18$17$14 $8 $3 Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 xPeer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 $503 $337 $228 $172$163$141 $119$118 $90 $47 $25$6 Peer 1 xPeer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer

24. Slide 24: Strong debt capital markets growth relative to peers

    © Fifth Third Bancorp | All Rights Reserved Strong debt capital markets growth relative to peers 20% 19% 14% 14% 8% 7% 7%1% 10% Capital Markets fees overview Totals may not foot due to rounding Growing fees across the Capital Markets business FY15 FY23 ~$423 ~$220 9% CAGR 22% CAGR 9% CAGR 9% CAGR 6%

25. Slide 25: Integrated analytics helps acquire, deepen, and retain relationships

    © Fifth Third Bancorp | All Rights Reserved Integrated analytics helps acquire, deepen, and retain relationships 25 • 75+ AI/ML models running proprietary MyDay portal / customer recommendation engine, informing direct marketing campaigns, and other deposit initiatives Retail Banker MyDay dashboard

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