Slide 1: Fifth Third Bancorp 3Q25 Earnings Presentation
Fifth Third Bancorp 3Q25 Earnings Presentation October 17, 2025 Refer to earnings release dated October 17, 2025 for further information. © Fifth Third Bancorp | All Rights Reserved
Slide 2: Cautionary statement
Cautionary statement 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, as amended, and Rule 3
Slide 3: Key Messages
Key Messages Consistent execution of strategic priorities led to highest adjusted PPNR1 growth in over 2 years Diversified loan origination platforms delivered accelerating loan growth year-over-year Continued expense discipline resulted in a 180 bps year-over-year improvement in the adjusted effici
Slide 4: 3Q25 highlights
3Q25 highlights • Compared to 3Q24, average consumer and commercial Reported1 Adjusted1 loans increased 7% and 4%, respectively EPS $0.91 $0.93 • Continued momentum in net interest income and net interest margin3 with interest bearing liabilities costs down ROA 1.21% 1.25% for fifth consecutive quar
Slide 5: Net interest income
Net interest income1 $1.53 2Q25 to 3Q25 NII & NIM walk $1.50 NII $ in millions; NIM change in bps NII NIM Total net interest income; $ billions 3.12% 3.13% $1.44 $1.44 2Q25 $1,500 3.12% $1.43 Loan balances / mix 8 1 3.03% Deposit / wholesale funding 5 1 balances / mix Securities portfolio and cash 3
Slide 6: Noninterest income
Noninterest income $ millions 3Q25 PQ YoY Year-over-year • Wealth and asset management revenue up 11% driven by Wealth and asset management revenue $181 9% 11% continued AUM growth Commercial payments revenue 157 3% 2% • Mortgage banking net revenue up 16% driven by increased originations and net se
Slide 7: Noninterest expense
Noninterest expense Year-over-year $ millions 3Q25 PQ YoY • Adjusted noninterest expense1 up 3% compared with 3Q24 Compensation and benefits $685 (2)% (1)% due to investments in branches, marketing and technology Technology and communications 128 2% 6% • 1 Adjusted efficiency ratio of 54.1%, improve
Slide 8: Loans
Loans Average loan & lease balances Loan portfolio composition $ in billions; loan & lease balances excluding HFS Average loans $116.8 $117.9 $121.3 $123.1 $123.3 Credit card and $46.6 $47.7 $48.4 Solar energy other $45.1 $45.9 installation 6.48% Home equity 4% 3% 6.18% 6.06% 6.11% 6.12% $71.8 $72.0
Slide 9: Deposits
Deposits Average deposit balances Total deposit mix $ in billions $ in billions Time deposits, 8% $167.2 $167.2 $164.2 $163.6 $164.8 $163.7 $164.7 $161.8 $161.4 $162.5 Demand, 25% 3.03% 2.68% Money market $165B 2.42% 2.39% 2.41% and savings, 33% Average Deposits 3Q24 4Q24 1Q25 2Q25 3Q25 Interest che
Slide 10: Credit quality overview
Credit quality overview 3Q24 4Q24 1Q25 2Q25 3Q25 NPL ratio 0.59% 0.69% 0.79% 0.70% 0.62% NPA ratio1 0.62% 0.71% 0.81% 0.72% 0.65% 30-89 days past due as a % of portfolio loans and leases 0.24% 0.25% 0.31% 0.23% 0.28% NCO ratio 0.48% 0.46% 0.46% 0.45% 1.09% ACL ratio as a % of portfolio loans and lea
Slide 11: Historical net charge-off and NPA ratios
Historical net charge-off and NPA ratios Net charge-off ratio Non-performing assets ratio2 10-year average excluding COVID1 10-year average excluding COVID1 1.50% 1.50% 3Q25 1.09% 3Q25 1.00% 1.00% 0.65% 0.50% 0.50% 0.00% 0.00% 3Q16 3Q17 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 3Q25 3Q16 3Q17 3Q18 3Q19 3Q2
Slide 12: Strong liquidity and capital position
Strong liquidity and capital position Liquidity position Capital position $ in billions Common equity tier 1 ratio1 ~36 bps Liquidity Sources 6/30/25 9/30/25 10.58% ~0 bps 10.54% (~6 bps) Fed reserves $12 $17 (~18 bps) (~16 bps) Unpledged investment securities $22 $21 Available FHLB borrowing capaci
Slide 13: Current expectations
Current expectations 4Q25 compared to 3Q25 Avg. loans & leases up 1% (Including HFS) Net interest income1 stable to up ~1% (3Q25 baseline: $1.525 billion) assumes 12/31/25 Fed funds rate of 3.75% Noninterest income1 up 2 - 3% (3Q25 baseline: $789 million; excludes securities g/l) Noninterest expense
Slide 14: Appendix
Appendix 14 © Fifth Third Bancorp | All Rights Reserved
Slide 15: Consumer and Business Banking Digital Metrics
Consumer and Business Banking Digital Metrics Digital Engagement Digital Originations Average Active Digital Users 1 Digital Assisted Mortgage Applications (Millions) Consumer Satisfaction 98% 97% 98% 97% 98% 3.09 3.09 3.14 3.17 3.19 #1 for banking mobile app user satisfaction among 3Q24 4Q24 1Q25 2
Slide 16: Strategic investments resulting in fee diversification and growth
Strategic investments resulting in fee diversification and growth Fee revenue mix is well-diversified Fee contribution as a percent of revenue LTM 3Q25 adjusted noninterest income mix 1,2 stands out favorably relative to peers LTM 3Q25 adjusted noninterest income as a percent of adjusted revenue2, u
Slide 17: Total commercial portfolio overview
Total commercial portfolio overview Portfolio loans and leases Key statistics $ in billions 3Q24 2Q25 3Q25 $74.7 $75.1 $75.4 $74.2 $74.9 $74.4 $71.8 $71.1 $72.0 $73.3 NCO ratio1 0.40% 0.38% 1.46% 30-89 delinquencies 0.07% 0.06% 0.16% 90+ delinquencies 0.02% 0.01% 0.00% Nonperforming loans2 0.47% 0.6
Slide 18: Commercial and industrial overview
Commercial and industrial overview Portfolio loans Key statistics $ in billions 3Q24 2Q25 3Q25 $53.4 $53.7 $54.1 $53.3 $54.2 $53.9 $51.6 $50.9 $51.6 $52.3 NCO ratio1 0.55% 0.51% 2.01% 30-89 delinquencies 0.06% 0.05% 0.08% 90+ delinquencies 0.02% 0.01% 0.00% Nonperforming loans2 0.50% 0.86% 0.73% 3Q2
Slide 19: High quality Shared National Credit portfolio
High quality Shared National Credit portfolio Shared National Credit portfolio is well diversified Key statistics $ in billions; as of 9/30/25 3Q24 2Q25 3Q25 Loan balance $31.2 $32.5 $32.2 Industry mix Nonperforming loans2 0.32% 0.85% 0.72% Other Retail 18% 18% NCO Ratio1 0.33% 0.34% 0.57% Business
Slide 20: Low concentration in leveraged lending
Low concentration in leveraged lending Total Loan Portfolio Composition Diversified Leveraged Portfolio as of 9/30/25 as of 9/30/25 Professional, Scientific, and Healthcare & Other Technical Services Social Assistance Manufacturing Finance & Insurance Total Loans $123.7 Billion Leveraged Admin, Supp
Slide 21: Commercial real estate overview
Commercial real estate overview Portfolio loans Key statistics $ in billions 3Q24 2Q25 3Q25 $17.8 $18.2 $18.3 $18.2 $17.5 $17.3 $17.5 $17.7 $17.6 $17.3 $12.4 $12.4 $12.4 NCO ratio1 0.00% 0.07% 0.03% $11.5 $11.4 $11.8 $12.2 $12.1 $12.0 $11.9 30-89 delinquencies 0.04% 0.03% 0.37% 90+ delinquencies 0.0
Slide 22: Total consumer portfolio overview
Total consumer portfolio overview Portfolio loans Key statistics $ in billions 3Q24 2Q25 3Q25 $46.6 $47.1 $47.7 $48.2 $48.4 $48.7 $45.1 $45.5 $45.9 $46.5 NCO ratio1 0.62% 0.56% 0.52% 30-89 delinquencies 0.52% 0.47% 0.47% 90+ delinquencies 0.06% 0.05% 0.06% Nonperforming loans2 0.77% 0.72% 0.68% Weig
Slide 23: Residential mortgage overview
Residential mortgage overview Portfolio loans Key statistics $ in billions $17.0 $17.2 $17.3 $17.5 $17.6 $17.6 $17.6 $17.7 $17.7 $17.6 3Q24 2Q25 3Q25 NCO ratio1 (0.02%) (0.01%) (0.02%) 30-89 delinquencies 0.16% 0.17% 0.18% 90+ delinquencies 0.05% 0.05% 0.06% Nonperforming Loans2 0.76% 0.81% 0.80% We
Slide 24: Home equity overview
Home equity overview Portfolio loans Key statistics $ in billions 3Q24 2Q25 3Q25 $4.6 $4.7 NCO ratio1 (0.02%) 0.02% (0.05%) $4.4 $4.5 $4.1 $4.2 $4.2 $4.3 $4.0 $4.1 30-89 delinquencies 0.56% 0.54% 0.45% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.64% 1.67% 1.54% Weighted average FICO a
Slide 25: Indirect secured consumer overview
Indirect secured consumer overview Portfolio loans Key statistics $ in billions $17.7 $17.9 $17.2 $17.6 $16.1 $16.3 $16.5 $16.8 3Q24 2Q25 3Q25 $15.7 $15.9 NCO ratio1 0.54% 0.37% 0.40% 30-89 delinquencies 0.77% 0.70% 0.68% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 0.31% 0.37% 0.34% Wei
Slide 26: Credit card overview
Credit card overview Portfolio loans Key statistics $ in billions $1.7 $1.7 $1.7 $1.7 3Q24 2Q25 3Q25 $1.7 $1.7 $1.7 $1.7 $1.7 $1.6 NCO ratio1 3.74% 3.74% 3.70% 30-89 delinquencies 1.17% 1.00% 1.00% 90+ delinquencies 1.06% 1.05% 0.95% Nonperforming loans2 1.82% 1.70% 1.71% Weighted average FICO at 74
Slide 27: Solar energy installation overview
Solar energy installation overview Portfolio loans Key statistics $ in billions 3Q24 2Q25 3Q25 $4.3 $4.3 $4.3 $4.4 $4.4 $4.1 $4.1 $4.2 $4.2 $4.0 NCO ratio1 1.44% 1.86% 1.47% 30-89 delinquencies 0.42% 0.39% 0.43% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.57% 0.60% 0.50% Weighted aver
Slide 28: Allowance for credit losses
Allowance for credit losses Allocation of allowance by product 3Q25 Change in rate $ in millions Compared to: % of portfolio Allowance for loan & lease losses Amount 2Q25 3Q24 loans & leases Commercial and industrial loans $829 1.54% (0.15%) 0.16% Commercial mortgage loans 265 2.22% (0.45)% (0.57%)
Slide 29: NPL rollforward
NPL1 rollforward 3Q24 4Q24 1Q25 2Q25 3Q25 Balance, beginning of period $274 $334 $456 $623 $508 Transfers to nonaccrual status 191 240 273 63 266 Transfers to accrual status — (1) (3) (1) — Transfers to held for sale (5) (5) (17) (24) (1) Commercial Loan paydowns/payoffs (47) (49) (19) (70) (63) $ i
Slide 30: Balance sheet positioning
Balance sheet positioning Commercial loans1,2 Consumer loans1 Investment portfolio Long-term debt3 $24.7BN fixed | $49.7BN variable1,2 $41.9BN fixed | $6.8BN variable1 $9.2BN fixed | $4.5BN variable3 • 54% allocation to bullet/locked- • 1M based: 1%5,7 out cash flow securities • SOFR based: 33% • 1M
Slide 31: Managing rate risk against conservative outcomes
Managing rate risk against conservative outcomes Estimated NII sensitivity profile and ALCO policy limits % Change NII (FTE) ALCO policy limit Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months (2.9%) (2.9%) (6.0%) (7.0%) Rate risk models assu
Slide 32: Investment portfolio composition
Investment portfolio composition Securities portfolio Investment portfolio characteristics AFS and HTM portfolio; amortized cost basis; as of 9/30/25 Amortized cost basis; as of 9/30/25 Held-to-maturity portfolio • $11.5BN portfolio HTM • Reclassification during 1Q24 aimed to de-risk potential AOCI
Slide 33: Securities portfolio AOCI accretion
Securities portfolio AOCI accretion AOCI accretion1 assuming implied forward curve2 $ in billions; 9/30/25 AFS and HTM portfolio unrealized loss, after-tax Historical AOCI accretion Projected AOCI accretion ($1.5) ($1.8) ($2.1) ($2.4) ~41% ($2.8) capital accretion ($3.0) ~19% ($3.2) ($3.3) ($3.5) ca
Slide 34: Balance sheet positioned to grow tangible book value per share
Balance sheet positioned to grow tangible book value per share TBV/share1 will improve due to AOCI accretion alone Projected TBV/share growth includes no earnings contribution from 2025-20282 Projected growth from AOCI burndown alone1 $23.54 Actuals Forecast $22.50 +2% $23.01 +2% $21.66 +1% $21.91 +
Slide 35: Cash flow hedges
Cash flow hedges Receive-fixed swaps1 EOP notional value of cash flow hedges ($ in billions) Existing receive-fixed swaps2 $11 $9 $8 $8 $5 3Q25 4Q30 2Q31 3Q31 4Q31 Actual Weighted average receive 3.26% 3 3.29% 3.31% 3.32% 3.44% fixed rate Terminated $4B in receive-fixed swaps during 3Q25 to lock-in
Slide 36: Mortgage banking results
Mortgage banking results Mortgage banking net revenue Mortgage originations and margins $ in millions $ in billions $57 $56 $58 $50 $57 Origination fees and $2.0 gains on loan $3 $1.9 $1.9 $1.9 $3 $5 $3 sale $0.6 $1.4 $0.7 $0.6 Gross $77 $75 $74 $73 $73 Originations HFI $0.6 servicing Originations H
Slide 37: Preferred dividend schedule
Preferred dividend schedule Upcoming preferred dividend schedule1 4Q25 1Q26 2Q26 3Q26 $ in millions Series H ~$11 ~$10 ~$10 ~$10 Floating2 Series I ~$9 ~$9 ~$9 ~$8 Floating2 Series J ~$6 ~$5 ~$5 ~$5 Floating2 Series K ~$3 ~$3 ~$3 ~$3 Class B Series A ~$3 ~$3 ~$3 ~$3 Total ~$32 ~$30 ~$30 ~$29 37 For
Slide 38: 3Q25 adjustments and notable items
3Q25 adjustments and notable items Adjusted EPS of $0.931 3Q25 reported EPS of $0.91 included a negative $0.02 impact from the following notable item(s): • $27 million pre-tax (~$21 million after-tax2) charge related to interchange litigation matters • $6 million pre-tax (~$5 million after-tax2) ben
Slide 39: Non-GAAP reconciliation
Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries For the three months ended $ and shares in millions (unaudited) September June March December September 2025 2025 2025 2024 2024 Net income (U.S. GAAP) (a) $649 $628 $515 $620 $573 Net income (U.S. GAAP) (annualized) (b) $2,575 $2,519 $2,0
Slide 40: Non-GAAP reconciliation
Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries For three months ended $ and shares in millions (unaudited) September June March December September 2025 2025 2025 2024 2024 Average interest-earning assets (a) $193,500 $192,682 $192,808 $193,513 $195,836 Net interest income (U.S. GAAP) (
Slide 41: Earnings presentation end notes
Earnings presentation end notes Slide 3 end notes 1. Non-GAAP measure: see reconciliation on pages 39 and 40 of this presentation and use of non-GAAP measures on pages 27-29 of the earnings release. Slide 4 end notes 1. Reported ROTCE, NIM, pre-provision net revenue, and efficiency ratio are non-GAA
Slide 42: Earnings presentation end notes
Earnings presentation end notes Slide 18 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 3. Total commercial portfolio line utilization. Sl
Slide 43: Earnings presentation end notes
Earnings presentation end notes Slide 30 end notes Note: Data as of 9/30/2025. 1. Excludes HFS Loans & Leases. 2. Fifth Third had $10.85BN of commercial variable loans classified as fixed given the impacts of $6.85BN in C&I receive-fix swaps and $4BN in CRE receive-fix swaps 3. Fifth Third had $4.21