Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — Shareholder Meeting (April 2009)

16 slides from Fifth Third Bancorp's shareholder meeting presentation, Apr 21, 2009

  1. Slide 1: Annual Meeting of Fifth Third Shareholders

    Exhibit 99.1 Annual Meeting of Fifth Third Shareholders April 21, 2009 Kevin Kabat Chairman, President and Chief Executive Officer © Fifth Third Bank | All Rights Reserved

  2. Slide 2: Agenda

    Agenda Economic environment and government actions Traverse City Current focus areas Grand Rapids Detroit Chicago Toledo Cleveland Pittsburgh Capital profile and planning Indianapolis Columbus Cincinnati Huntington Credit actions St. Louis Florence Evansville Louisville Lexington Raleigh Nashville I

  3. Slide 3: Roots of the economic crisis

    Roots of the economic crisis Global savings imbalances — Low U.S savings rate — Low interest rates due to U.S. monetary policy post 9/11 and high overseas savings rates (e.g. China) The housing bubble — Poor underwriting standards and novel mortgage products significantly increase housing demand and

  4. Slide 4: Difficult environment

    Difficult environment Labor market Retail and consumer spending 10.00% 6.00% 8.00% 5.00% 4.00% 6.00% 3.00% 4.00% 2.00% 2.00% 1.00% 0.00% 0.00% -1.00% -2.00% -2.00% -4.00% 10 Yr. Avg. Last 6 Mos. 2009 F 10 Yr. Avg. Last 6 Mos. 2009 F GDP Unemployment Consumer Spending (Annual) Retail Sales (Annual) U

  5. Slide 5: Difficult environment (cont.)

    Difficult environment (cont.) 2008 foreclosure rates Foreclosure rates by state 1 Nevada 7.29 2 Florida 4.52 3 Arizona 4.49 4 California 3.97 5 Colorado 2.41 6 Michigan 2.35 7 Ohio 2.25 8 Georgia 2.20 9 Illinois 1.91 10 New Jersey 1.80 Our footprint has experienced very high foreclosure rates during

  6. Slide 6: Government programs have stabilized markets

    Government programs have stabilized markets Period Government programs Market events 1Q 2008 • Economic Stimulus Act of 2008 • BAC/Countrywide • JP Morgan/Bear Stearns 2Q 2008 • IndyMac failure 3Q 2008 • Housing and Economic Recovery Act of 2008 • Freddie Mac & Fannie Mae • BAC/Merrill Lynch & Co. •

  7. Slide 7: Capital actions

    Capital actions Committed to maintaining safety and soundness while also maximizing the long-term earnings potential of our franchise Announced capital plan in June — Raised $1.1 billion of convertible preferred equity — Reduced quarterly cash dividend, preserving $1 billion annually — Fifth Third P

  8. Slide 8: Strong capital position

    Strong capital position • Capital plans and targets designed to help ensure strong capital levels, positioning Fifth Third to absorb significant potential losses and provisions in a potentially more difficult environment • Revised capital targets in June 2008 in order to provide greater cushion 4Q08

  9. Slide 9: Relative capital position at 12/31/2008

    Relative capital position at 12/31/2008 Tier 1 capital ratio comparison 15.0 13.8 12.3 11.9 11.5 11.2 10.9 10.9 10.9 10.7 10.7 10.6 10.6 10.4 10.2 9.7 9.5 9.2 8.8 8.6 7.8 FHN COF BBT C FITB SNV JPM KEY STI HBAN CMA USB FITB RF ZION PNC MI BAC MTB CNB WFC (pro forma*) Expect capital levels to continu

  10. Slide 10: Credit Key Process Improvements

    Credit Key Process Improvements The depth and magnitude of the recession has resulted in unprecedented credit losses for Fifth Third — Despite avoiding some of the worst hit areas, such as sub-prime lending and exotic mortgage originations, our geographic concentrations and exposures to homebuilders

  11. Slide 11: Significantly strengthened credit metrics/risk profile

    Significantly strengthened credit metrics/risk profile FITB FITB Peer 4Q08 Pro Forma 3Q08 4Q08 Median for JV Credit Metrics Allowance/Loans 2.41 3.31 +90 bps 2.17 NPLs/Loans* 3.04 2.69 -35 bps 1.81 NPAs/Loans* 3.3 2.96 -34 bps 2.09 Allowance/NPLs* 0.79 1.23 +44 bps 0.93 Allowance/NPAs* 0.73 1.11 +38

  12. Slide 12: Strategic direction

    Strategic direction Continued focus on daily execution of customer-facing aspects of our businesses — Expanding merchant sales force in partnership with Advent — Diversifying product and channel offerings, such as the introduction of mobile banking — Refining branch network via opportunistic franchi

  13. Slide 13: ACSI - University of Michigan

    ACSI - University of Michigan Fifth Third Bank’s Customer Satisfaction score is significantly higher than all other measured banks* and surpassed the industry average by 1 point 80 80 79 76 76 2008 Industry Average 74 74 73 73 72 72 2007 2008 67 69 69 All Others Fifth Third Wachovia B of A Chase Wel

  14. Slide 14: Summary

    Summary Solid operating results despite sluggish economy — Continued day-to-day execution — Focus on long-term value creation Core funding orientation — Deposits are our most valuable resource Significant reduction in credit risk, improvement in coverage ratios — Proactive measures to mitigate expos

  15. Slide 15: Fifth Third Bank | All Rights Reserved

    15 Fifth Third Bank | All Rights Reserved

  16. Slide 16: Cautionary statement

    Cautionary statement This report may contain forward-looking statements about Fifth Third Bancorp and/or the LLC within the meaning of Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-

Fifth Third Bancorp — Shareholder Meeting (April 2009) on 6ix