Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — Goldman Sachs U.S. Financial Services Conference 2023

16 slides from Fifth Third Bancorp's conference presentation, Dec 5, 2023

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

    © Fifth Third Bancorp | All Rights Reserved © Fifth Third Bancorp | All Rights Reserved Goldman Sachs U.S. Financial Services Conference Tim Spence President and Chief Executive Officer December 6, 2023

  2. Slide 2: Forward-looking statements

    © 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 21E of the Securities Exchange Act of 1934,

  3. Slide 3: Fifth Third's operational priorities

    © Fifth Third Bancorp | All Rights Reserved Fifth Third’s operational priorities Continually investing for long-term outperformance Through the cycle discipline throughout the bank – liquidity/deposits, credit, rates, expenses, and capital management Focused on consistently generating top quartile p

  4. Slide 4: Managing the balance sheet for long-term outperformance

    © Fifth Third Bancorp | All Rights Reserved 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 FITB Peer Median H8 Managing the balance sheet for long-term outperformance 4 Fifth Third’s balance sheet is well positioned relative to peers Loan-to-deposit ratio ACL ratio As of 9/30/23 High-quality deposit franchise genera

  5. Slide 5: Generating top quartile profitability metrics

    © Fifth Third Bancorp | All Rights Reserved 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 15.9% Peer 1 x Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 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: Disciplined expense management

    © Fifth Third Bancorp | All Rights Reserved 1.7% 4.8% x Peer average 6 Disciplined expense management 1 Excludes banks impacted by bank M&A Consistent and disciplined expense management while still investing for future outperformance Continuing to invest for future outperformance FY 2019 – 3Q23 LTM

  7. Slide 7: Well-diversified and strong fee businesses

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

  8. Slide 8: Customer-centric, technology-led product innovation and development

    © Fifth Third Bancorp | All Rights Reserved 1 Based on data provided by survey participants in the 2022 Cash Management Services Survey administered by EY 8 Example Fifth Third Solutions: Product innovation and development: Market leadership: • #2 residential solar national market share • #2 practic

  9. Slide 9: Southeast franchise overview

    © Fifth Third Bancorp | All Rights Reserved 3.6% 3.2% USA SE of F 2.1% 5.7% USA SE of F #6 largest retail bank and growing at 3x the rate of the industry household growth in priority Southeast MSAs 9 Key Southeast MSAs Represents a FITB Southeast retail market for 10+ years Southeast franchise overv

  10. Slide 10: 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

  11. Slide 11: 4Q23 guidance

    © Fifth Third Bancorp | All Rights Reserved Net interest income 1 Noninterest income 1 up 1 – 2% Noninterest expense stable to up 1% down 1 – 2% (3Q23 baseline: $1.445BN) (3Q23 baseline: $732MM) (3Q23 baseline: $1.188BN) Net charge-off ratio 30 – 35 bps Effective tax rate ~23% 1 Non-GAAP measure: se

  12. Slide 12: Appendix

    © Fifth Third Bancorp | All Rights Reserved Appendix 12

  13. Slide 13: Diversified loan portfolios and over a decade of credit discipline

    © Fifth Third Bancorp | All Rights Reserved ✓ Disciplined client selection with a focus on diversification ✓ Strict industry and geography concentration limits ✓ Have maintained lowest CRE concentration among peers ✓ Limited office CRE exposure with $0 net-charge offs over last 12 months and 0% deli

  14. Slide 14: Continued strong credit quality within portfolios of interest

    © Fifth Third Bancorp | All Rights Reserved Fifth Third Bancorp | All Rights Reserved • Limited exposure to auto manufacturing sub-sector • ~$300M in balances (~7% criticized), of which ~$100M are highly impacted by UAW strike 14 Continued strong credit quality within portfolios of interest 1 Highly

  15. Slide 15: CRE portfolio is well positioned relative to peers

    © 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% CRE portfolio is well positioned relative to peers 15 Comparing CRE criticized asset ratios to CRE as a % of total loans

  16. Slide 16: Significant upside from securities portfolio accretion

    © Fifth Third Bancorp | All Rights Reserved ($5.8) ($4.5) ($3.7) ($3.1) ($2.5) ($2.0) $1.3 $2.1 $2.7 $3.3 $3.8 9/30/23 12/31/24E 12/31/25E 12/31/26E 12/31/27E 12/31/28E Significant upside from securities portfolio accretion 16 Projected AOCI accretion 1 $ in billions; 9/30 securities portfolio unrea

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