Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Q3 2009 Earnings Presentation
16 slides from Fifth Third Bancorp's earnings presentation, Oct 22, 2009
Slide 1: 3Q09 Credit Trends
Exhibit 99.3 3Q09 Credit Trends October 22, 2009 Please refer to earnings release dated October 22, 2009 for full results including those reported on a U.S. GAAP basis Fifth Third Bank | All Rights Reserved
Slide 2: Net loan losses vs. SCAP adverse scenario
Net loan losses vs. SCAP adverse scenario Net charge-offs ($B) $9.1 Total net charge-offs YTD 2009 were $1.9B, much lower than the assumption under the SCAP adverse scenario Loan losses are not expected to approach the losses assumed under the SCAP adverse scenario 2009 FY Through four of eight quar
Slide 3: Credit by portfolio
Credit by portfolio* Commercial Commercial Commercial Total Residential Other Total loans & ($ in millions) C&I mortgage construction lease commercial mortgage Home equity Auto Credit card consumer Total consumer leases Loan balances $26,175 $12,105 $4,147 $3,584 $46,011 $8,229 $12,377 $8,972 $1,973
Slide 4: Portfolio performance drivers
Portfolio performance drivers No Participation In Performance Largely Driven By • Subprime Geography • Option ARMs • Florida and Michigan most stressed • Remaining Midwest and Southeast performance reflect economic trends Discontinued or Suspended Lending 3Q09 NCO Ratios Coml Cons Total Discontinued
Slide 5: Non-performing assets and net charge-offs: Product view
Non-performing assets and net charge-offs: Product view* Total NPAs Total NCOs 3,500 1,000 3,000 800 2,500 600 2,000 1,500 400 1,000 200 500 0 0 3Q08 4Q08 1Q09 2Q09 3Q09 3Q08 4Q08 1Q09 2Q09 3Q09 C&I/Lease Auto/Other CRE Res RE C&I/Lease Auto/Other CRE Res RE * NPAs exclude loans held-for-sale. Net c
Slide 6: Non-performing assets and net charge-offs: Geographic view
Non-performing assets and net charge-offs: Geographic view* Total NPAs Total NCOs 3,500 1,000 3,000 800 2,500 600 2,000 1,500 400 1,000 200 500 - - 3Q08 4Q08 1Q09 2Q09 3Q09 3Q08 4Q08 1Q09 2Q09 3Q09 Other SE National Other MW Michigan Florida Other SE National Other MW Michigan Florida * NPAs exclude
Slide 7: Nonperforming assets
Nonperforming assets* Other $104M 3% • Total NPAs of $3.2B C&I* • Homebuilder/developer NPAs of $600M; $841M represent 19% of total NPAs 26% CRE • Commercial NPAs of $2.6B; growth driven by $1.7B CRE, particularly in MI and FL 54% • Consumer NPAs of $660M; up 5% from the Residential previous quarter
Slide 8: Commercial & industrial
Commercial & industrial* Credit trends Loans by geography FL C&I MI 7% ($ in millions) 3Q08 4Q08 1Q09 2Q09 3Q09 16% Balance $29,424 $29,197 $28,617 $28,409 $26,175 90+ days delinquent $108 $76 $131 $142 $256 Other as % of loans 0.37% 0.26% 0.46% 0.50% 0.98% 25% NPAs $557 $548 $675 $634 $790 as % of
Slide 9: Commercial mortgage
Commercial mortgage* Credit trends Loans by geography FL Commercial mortgage Other 13% MI ($ in millions) 3Q08 4Q08 1Q09 2Q09 3Q09 3% 26% Balance $13,355 $12,502 $12,560 $12,407 $12,105 NC 90+ days delinquent $157 $136 $124 $131 $184 7% as % of loans 1.17% 1.09% 0.99% 1.06% 1.52% TN NPAs $749 $502 $
Slide 10: Commercial construction
Commercial construction* Credit trends Loans by geography MI Commercial construction FL 15% 19% ($ in millions) 3Q08 4Q08 1Q09 2Q09 3Q09 Balance $6,002 $5,114 $4,745 $4,491 $4,147 90+ days delinquent $84 $73 $49 $60 $168 Other as % of loans 1.40% 1.44% 1.02% 1.34% 4.04% 6% NPAs $659 $400 $597 $735 $
Slide 11: Homebuilders/developers
Homebuilders/developers* Credit trends Loans by geography FL MI Homebuilders/developers 18% 19% ($ in millions) 3Q08 4Q08 1Q09 2Q09 3Q09 Balance $3,065 $2,481 $2,322 $2,102 $1,846 90+ days delinquent $105 $74 $37 $53 $79 Other as % of loans 3.41% 2.98% 1.59% 2.51% 4.29% 3% NPAs $702 $366 $554 $613 $
Slide 12: Residential mortgage
Residential mortgage Credit trends Loans by geography MI Residential mortgage FL 14% ($ in millions) 3Q08 4Q08 1Q09 2Q09 3Q09 29% Balance $9,351 $9,385 $8,875 $8,489 $8,229 90+ days delinquent $185 $198 $231 $242 $198 as % of loans 1.98% 2.11% 2.60% 2.85% 2.41% NPAs $339 $397 $475 $475 $484 OH as %
Slide 13: Home equity
Home equity Credit trends Brokered loans by geography Direct loans by geography FL FL Home equity - direct 3% MI Other 9% ($ in millions) 3Q08 4Q08 1Q09 2Q09 3Q09 MI Other 21% 1% 21% Balance $10,232 $10,439 $10,486 $10,386 $10,349 NC 20% 90+ days delinquent $41 $58 $61 $63 $66 TN 5% as % of loans 0.
Slide 14: Florida market
Florida market* Deterioration in real estate values having effect on credit trends as evidenced by increasing NPA/NCOs in real estate related products Loans % of NPAs % of NCOs % of Homebuilders, developers tied to ($ in millions) (bn) FITB (mm) FITB (mm) FITB weakening real estate market Commercial
Slide 15: Michigan market
Michigan market* Deterioration in home price values coupled with weak economy impacting credit trends due to frequency of defaults and severity Loans % of NPAs % of NCOs % of ($ in millions) (bn) FITB (mm) FITB (mm) FITB Economic weakness impacts Commercial loans 4.3 16% 127 16% 62 24% Commercial mo
Slide 16: Cautionary statement
Cautionary statement This report may contain statements that we believe are “forward-lookingstatements” 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