Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Q1 2009 Earnings Presentation
14 slides from Fifth Third Bancorp's earnings presentation, Apr 23, 2009
Slide 1: 1Q09 Credit Trends
Exhibit 99.3 1Q09 Credit Trends April 23, 2009 Please refer to earnings release dated April 23, 2009 for full results including those reported on a GAAP basis Fifth Third Bank | All Rights Reserved
Slide 2: Credit by portfolio
Credit by portfolio* Commercial Commercial Commercial Total Residential Other Total Total loans & ($ in millions) C&I mortgage construction lease commercial mortgage Home equity Auto Credit card consumer consumer leases Loan balances $28,617 $12,560 $4,745 $3,521 $49,443 $8,875 $12,710 $8,688 $1,816
Slide 3: Portfolio performance drivers
Portfolio performance drivers No Participation In Performance Largely Driven By Subprime Geography: Option ARMs Florida, Michigan most stressed 1Q09 C/O ratio: Total loan portfolio 4.4% Commercial portfolio 4.0% Consumer portfolio 4.9% Discontinued or Suspended Lending Remaining Midwest, Southeast p
Slide 4: Non-performing assets and net charge-offs: Product view
Non-performing assets and net charge-offs: Product view* Total NPAs Total NCOs 3,000 1,000 2,500 800 2,000 600 1,500 400 1,000 200 500 0 0 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 C&I/Lease Auto/Other CRE Res RE C&I/Lease Auto Credit Card Other CRE Res RE * NPA
Slide 5: Non-performing assets and net charge-offs: Geographic view
Non-performing assets and net charge-offs: Geographic view* Total NPAs Total NCOs 3,000 1,000 2,500 800 2,000 600 1,500 400 1,000 500 200 - - Q1 2008 Q2 2008 3Q 2008 4Q 2008 1Q 2009 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Other SE National Other MW Other SE National Other MW Michigan Florida Michiga
Slide 6: Commercial loans held-for-sale summary
Commercial loans held-for-sale summary 12/31/2008 Principal 03/31/2009 HFS balance reduction Gain/loss HFS balance Closed HFS Loans sold $47.6 ($59.3) $12.6 Satisfied obligations 6.9 (7.7) 0.8 Transferred to OREO 5.0 (3.4) (0.2) Total $59.5 ($70.4) $13.2 Remaining HFS No activity $222.0 $0.0 $0.0 Cu
Slide 7: Nonperforming assets
Other Nonperforming assets* $73M 3% C&I* • Total NPAs of $2.6B $702M 26% • Homebuilder/developer NPAs of $554M; represent 21% of total NPAs CRE $1.3B • Commercial NPAs of $2.0B; growth driven by 50% CRE, particularly in MI and FL • Consumer NPAs of $630M; up 18 percent Residential from previous quar
Slide 8: Commercial construction
Commercial construction* Credit trends Loans by geography MI FL Commercial construction 16% 18% ($ in millions) 1Q08 2Q08 3Q08 4Q08 1Q09 Balance $5,592 $6,007 $6,002 $5,114 $4,745 Other 90+ days delinquent $49 $53 $84 $73 $49 4% as % of loans 0.87% 0.88% 1.40% 1.44% 1.02% NPAs $418 $552 $659 $400 $5
Slide 9: Homebuilders/developers
Homebuilders/developers* Credit trends Loans by geography FL MI Homebuilders/developers 19% 19% ($ in millions) 1Q08 2Q08* 3Q08 4Q08 1Q09 Balance $2,705 $3,295 $3,065 $2,481 $2,322 90+ days delinquent $60 $123 $105 $74 $37 Other as % of loans 2.21% 3.73% 3.41% 2.98% 1.59% 4% NPAs $309 $547 $702 $366
Slide 10: Residential mortgage
Residential mortgage Credit trends Loans by geography MI FL 14% Residential mortgage 29% ($ in millions) 1Q08 2Q08 3Q08 4Q08 1Q09 Balance $9,873 $9,866 $9,351 $9,385 $8,875 90+ days delinquent $192 $229 $185 $198 $231 as % of loans 1.95% 2.32% 1.98% 2.11% 2.60% OH NPAs $278 $285 $339 $397 $475 23% a
Slide 11: Home equity
Home equity Credit trends Brokered loans by geography Direct loans by geography FL FL Home equity - direct 3% Other 9% 1Q08 2Q08* 3Q08 4Q08 1Q09 MI MI ($ in millions) Other 1% 21% NC 21% Balance $9,152 $9,988 $10,232 $10,439 $10,486 20% TN 5% 90+ days delinquent $43 $42 $41 $58 $61 2% as % of loans
Slide 12: Florida market
Florida market* Deterioration in real estate values having effect on credit trends as evidenced by increasing NPA/NCOs in real estate related products Loans % of NPAs % of NCOs % of Homebuilders, developers tied to ($ in millions) (bn) FITB (mm) FITB (mm) FITB weakening real estate market Commercial
Slide 13: 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 4.6 16% 114 17% 26 25% commercial re
Slide 14: 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-