Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — Non-Deal Roadshow (February 2025)

43 slides from Fifth Third Bancorp's roadshow presentation, Feb 3, 2025

1. Slide 1: Fifth Third Bancorp Investor Meetings February 2025

   © Fifth Third Bancorp | All Rights Reserved © Fifth Third Bancorp | All Rights Reserved Fifth Third Bancorp Investor Meetings February 2025

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: Top performing regional bank with local scale and national reach

   © Fifth Third Bancorp | All Rights Reserved 0.7 0.9 0.9 1.2 1.3 1.7 2.1 2.3 3.1 3.6 3.7 4.6 4.7 8.4 Belgium Poland Switzerland Netherlands Turkey Spain Russia Italy France United Kingdom Midwest Footprint Germany Southeast Footprint Fifth Third Footprint Midwest footprint (branch count in white) Maj

4. Slide 4: A simple, diversified business portfolio

   © Fifth Third Bancorp | All Rights Reserved Commercial Banking Lending / Deposits / Capital Markets / Treasury Management & Payments $67B loans $65B deposits Consumer & Small Business Banking Wealth & Asset Management Business Offerings Loans / Deposits $4B loans $11B deposits $47B loans $88B deposi

5. Slide 5: Disciplined execution guided by core principles

   © Fifth Third Bancorp | All Rights Reserved Disciplined execution guided by core principles Stability Profitability Growth Consistent and disciplined management, with a long-term focus throughout the company 5 • Resilient balance sheet • Strong credit profile • Diverse fee mix with high total revenu

6. Slide 6: Built to deliver dependable results

   © Fifth Third Bancorp | All Rights Reserved January Guidance Actuals Adjusted basis where applicable Avg. loans & leases down ~2% P down 2% (Including HFS) Total revenue 1 down 1 - 2% P down 2% (Includes securities g/l) (Baseline of $8.826 billion) - down $180 million to $8.646 billion Net interest

7. Slide 7: Driving to consistently generate top quartile results

   © Fifth Third Bancorp | All Rights Reserved 1.17% Peer 9 Peer 4 x Peer 10 Peer 8 Peer 6 Peer 3 Peer 2 Peer 1 Peer 7 Peer 11 Peer 5 54.7% Peer 9 x Peer 4 Peer 6 Peer 3 Peer 2 Peer 10 Peer 8 Peer 7 Peer 11 Peer 5 Peer 1 12.0% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 X Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Pee

8. Slide 8: Delivering long-term shareholder outperformance at peer median valuation

   © Fifth Third Bancorp | All Rights Reserved 5 Year 7 Year 10 Year 1 FITB 68% FITB 81% Peer 9 212% 2 Peer 9 68% Peer 9 77% FITB 191% 3 Peer 10 49% Peer 8 70% Peer 8 188% 4 Peer 8 46% Peer 3 53% Peer 11 149% 5 Peer 3 38% Peer 11 38% Peer 7 144% 6 Peer 11 36% Peer 4 36% Peer 3 130% 7 Peer 4 31% Peer 7

9. Slide 9: Balance sheet positioned to grow tangible book value per share

   © Fifth Third Bancorp | All Rights Reserved $14.83 $17.64 $18.69 $19.61 $20.40 $21.18 $21.93 3.88% 3.88% 4.58% 4.7% 4.8% 4.9% 4.9% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 11.00% 12.00% 13.00% 10 12 14 16 18 20 22 24 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 12/31/28 +19% +6% For

10. Slide 10: Broad and dynamic US economy with diverse outlooks

    © Fifth Third Bancorp | All Rights Reserved Broad and dynamic US economy with diverse outlooks 10 U.S. 10-year GDP Growth 1 Southeast: Fastest population growth benefiting from investments in manufacturing, especially automotive and aerospace. Midwest: Traditional strength in manufacturing and agric

11. Slide 11: High growth footprint attracting large investments

    © Fifth Third Bancorp | All Rights Reserved 1,053 1,105 1,260 1,529 1,722 2,098 2,171 2,192 2,275 2,280 2,525 2,750 2,822 2,856 3,300 3,359 3,425 Geneva Grand Rapids Oslo Raleigh Jacksonville Nashville Indianapolis Columbus Stockholm Cincinnati Amsterdam Brussels Charlotte Orlando Frankfurt Tampa Ro

12. Slide 12: Southeast investments and execution lead to strong deposit growth and profitability

    © Fifth Third Bancorp | All Rights Reserved 1 Filtered for de novos and based on 2024 FDIC data. Not all de novos have been open for 5 years; 2 See forward-looking statements on page 2 of this presentation regarding forward-looking non- GAAP measures and use of non-GAAP measures on pages 27-29 of th

13. Slide 13: Maintaining market share across Midwest while increasing share in Southeast

    © Fifth Third Bancorp | All Rights Reserved Midwest Footprint 1 Southeast Footprint 1 Deposit Share 10.9% 3.9% Locational Share 8.7% 5.4% Capped Deposit Growth (YoY) Fifth Third 2.2% 15.7% Market Avg. 1.2% 0.2% Avg Deposits per Branch Fifth Third $122MM $82MM Market Avg. $96MM $114MM 3-year GDP grow

14. Slide 14: Scale in retail deposits leads to higher returns

    © Fifth Third Bancorp | All Rights Reserved National capped deposits 1 excluding NY and CA $ in billions Scale in retail deposits leads to higher returns 14 Consumer deposit concentration leads to higher returns 1 Source: 2024 FDIC Summary of Deposits; 2 Data sourced from S&P Global Market Intellige

15. Slide 15: Provide and Dividend Finance fintech platforms

    © Fifth Third Bancorp | All Rights Reserved Dividend and Provide originating loans on tech-enabled platform 12/31/2022 12/31/2023 12/31/202412/31/2022 12/31/2023 12/31/2024 Provide named One of the World’s Most Innovative Companies by Fast Company Provide: Leading fintech in the practice finance ind

16. Slide 16: Middle Market growing and expanding its reach

    © Fifth Third Bancorp | All Rights Reserved 244 302 2021 2024 Middle Market growing and expanding its reach 16 Salesforce additions drive growth Middle market salesforce $18,127 $20,535 2021 2024 Middle market loans Birmingham, Alabama Savannah, Georgia 2024 new expansion markets December weighted a

17. Slide 17: Commercial Payments with significant scale and leading technology

    © Fifth Third Bancorp | All Rights Reserved Commercial Payments with significant scale and leading technology 17 Well established commercial payments organization with significant scale 1 See forward-looking statements on page 2 of this presentation regarding forward-looking non-GAAP measures and us

18. Slide 18: Significant opportunity within B2B payments

    © Fifth Third Bancorp | All Rights Reserved Significant opportunity within B2B payments Significant growth off a sizable base Significant opportunity to automate back-office processes related to cash conversion cycle $29.2 trillion ~12% B2B payment market in the United States Expected annual growth

19. Slide 19: Newline embedded payment and deposit solutions

    © Fifth Third Bancorp | All Rights Reserved • Newline is vertically integrated API platform that enables enterprises to launch payment, card, and deposit solutions directly with Fifth Third Bank. 19 Client Payment & Deposit Solutions Client list includes a broad range of category leaders Newline off

20. Slide 20: Managed Services improving our customers' processes

    © Fifth Third Bancorp | All Rights Reserved Managed Services improving our customers’ processes 20 Big Data HealthcareCash logistic solutions Managed payables Robust portfolio of managed payables automation solutions that maximize client value Optimizing healthcare payments by automating the reconci

21. Slide 21: Expect strong Commercial Payments fee growth

    © Fifth Third Bancorp | All Rights Reserved Expect strong Commercial Payments fee growth 21 2017 2024 Future state Embedded payments/ Newline Managed Services Traditional treasury management 16% CAGR 4% CAGR 20+% ~9% ~4% >2x growth 1 See forward-looking statements on page 2 of this presentation rega

22. Slide 22: Wealth & Asset Management has scale and continues to expand

    © Fifth Third Bancorp | All Rights Reserved $131 $82 $52$52$50 $37 $26 $21$19$18 $8 $3 Peer 8 Peer 2 Peer 6 xPeer 9 Peer 5 Peer 4 Peer 3 Peer 1 Peer 10 Peer 12 Peer 7 Peer 11 $584 $419 $221 $190$179 $148$128$113 $55$51 $28 $6 Peer 2 xPeer 8 Peer 4 Peer 3 Peer 6 Peer 1 Peer 9 Peer 5 Peer 10 Peer 7 Pe

23. Slide 23: Capital Markets achieving robust growth

    © Fifth Third Bancorp | All Rights Reserved 14% 13% 7%5% 22% 20% 19% Peer 5 Peer 1 Peer 3 Peer 11 Peer 8 Peer 6 Peer 2 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% (70%) (60%) (50%) (40%) (30%) (20%) (10%) 0% 10% 20% Capital Markets achieving robust growth 23 Growing fees across the Capital Markets business 1

24. Slide 24: Investing in technology to better serve our customers

    © Fifth Third Bancorp | All Rights Reserved 24 Digital transformation timeline 1 • Data center and network modernization to drive operational resiliency and performance • Enhanced mobile app rollout, customer recommendation, and chatbot • GL conversion (Workday) Completed Investing in technology to

25. Slide 25: Customer-centric, technology-enabled product innovation and development

    © Fifth Third Bancorp | All Rights Reserved 25 Customer-centric, technology-enabled product innovation and development Technology enabled relationship management • 75+ AI/ML models power the customer recommendation engine, informing direct marketing campaigns and other deposit initiatives, and prese

26. Slide 26: Well-managed credit over time

    © Fifth Third Bancorp | All Rights Reserved 1 Excludes 2020, 2021, and 2022 metrics; 2 Loan balances exclude nonaccrual loans HFS Well-managed credit over time Net charge-off ratio Non-performing assets ratio 2 Commercial net charge-off ratio Consumer net charge-off ratio 4Q24 0.32% 4Q24 0.46% 4Q24

27. Slide 27: CRE portfolio is well-positioned

    © Fifth Third Bancorp | All Rights Reserved 1.34% 0.93% 0.88% 0.61% 0.37% 0.33% 0.23% 0.14% 0.09% 0.08% 0.00% Peer 6 Peer 11 Peer 8 Peer 3 Peer 2 Peer 10 Peer 5 Peer 9 Peer 1 Peer 7 276% 237% 178% 169% 147% 133% 95% 88% 84% 79% 78% 77% 76% 73% Peer 7 Peer 10 Peer 1 Peer 4 Peer 12 Peer 11 Peer 3 Peer

28. Slide 28: Growing capital and maintaining strong liquidity position

    © Fifth Third Bancorp | All Rights Reserved 28 Growing capital and maintaining strong liquidity position Liquidity position $ in billions Fed Reserves Unpledged Investment Securities Available FHLB Borrowing Capacity Current Fed Discount Window Availability Total ~$17 ~$25 ~$9 ~$58 ~$109 12/31/23 Ca

29. Slide 29: Why Fifth Third

    © Fifth Third Bancorp | All Rights Reserved ✓ Well-diversified and resilient balance sheet to provide stability and profitability ✓ Consistent investments to generate balanced and growing revenue streams while maintaining peer-leading expense discipline ✓ Multi-year track record of making appropriat

30. Slide 30: Appendix

    © Fifth Third Bancorp | All Rights Reserved Appendix 30

31. Slide 31: Balance sheet positioning

    © Fifth Third Bancorp | All Rights Reserved • 55% allocation to bullet/ locked- out cash flow securities • AFS & HTM spot yield: 3.22% • AFS net unrealized pre-tax loss: $4.6BN $24.7BN fixed | $48.6BN variable 1,2 Commercial loans 1,2 Balance sheet positioning 100% Fix | 0% Variable 87% Fix | 13% Va

32. Slide 32: Investment portfolio composition and characteristics

    © Fifth Third Bancorp | All Rights Reserved Totals shown above may not foot due to rounding 32 Investment portfolio composition Investment portfolio characteristics Held-to-maturity portfolio • $11.3BN portfolio • Reclassification during 1Q24 aimed to de-risk potential AOCI volatility to capital und

33. Slide 33: Projected AOCI accretion

    © Fifth Third Bancorp | All Rights Reserved Classification: Internal Use 10-year treasury yield Projected AOCI accretion Securities portfolio AOCI accretion 33 $ in billions; 12/31/24 AFS and HTM portfolio unrealized loss, after-tax; ~55% capital accretion ~18% capital accretion Historical AOCI accr

34. Slide 34: Structure of securities portfolio drives continued AOCI accretion

    © Fifth Third Bancorp | All Rights Reserved Structure of securities portfolio drives continued AOCI accretion 34 • Unrealized losses on Available-for- Sale securities declined significantly from 3Q23 • Investment portfolio structure of bullet and locked-out securities provides certainty of cash flow

35. Slide 35: Total commercial portfolio overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 0.13% 0.40% 0.32% 30-89 Delinquencies 0.11% 0.07% 0.07% 90+ Delinquencies 0.01% 0.02% 0.01% Nonperforming Loans 2 0.45% 0.47% 0.62% 35 Portfolio loans and leases $ in billions Period-end QoQ change Average QoQ change Key statisti

36. Slide 36: Commercial & industrial overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 0.20% 0.55% 0.42% 30-89 Delinquencies 0.09% 0.06% 0.05% 90+ Delinquencies 0.02% 0.02% 0.01% Nonperforming Loans 2 0.57% 0.50% 0.72% 36 Portfolio loans $ in billions Period-end QoQ change Average QoQ change Key statistics Revolvin

37. Slide 37: Commercial real estate overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 (0.07%) 0.00% 0.00% 30-89 Delinquencies 0.09% 0.04% 0.05% 90+ Delinquencies 0.00% 0.02% 0.00% Nonperforming Loans 2 0.12% 0.46% 0.45% Commercial real estate overview CRE Mortgage Balance by occupancy CRE Construction Balance by p

38. Slide 38: Total consumer portfolio overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 0.64% 0.62% 0.68% 30-89 Delinquencies 0.63% 0.52% 0.54% 90+ Delinquencies 0.06% 0.06% 0.06% Nonperforming Loans 2 0.73% 0.77% 0.79% Weighted average FICO at origination 3 765 767 767 Weighted average LTV at origination 78% 79% 79

39. Slide 39: Residential Mortgage overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 (0.01%) (0.02%) (0.01%) 30-89 Delinquencies 0.18% 0.16% 0.19% 90+ Delinquencies 0.04% 0.05% 0.03% Nonperforming Loans 2 0.73% 0.76% 0.78% Weighted average FICO at origination 3 764 764 764 Weighted average LTV at origination 72%

40. Slide 40: Home equity overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 0.05% (0.02%) (0.01%) 30-89 Delinquencies 0.72% 0.56% 0.60% Nonperforming Loans 2 1.46% 1.64% 1.67% Weighted average FICO at origination 3 767 768 769 Weighted average LTV at origination 67% 66% 66% Home equity overview 40 Portfo

41. Slide 41: Indirect secured consumer overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 0.64% 0.54% 0.66% 30-89 Delinquencies 1.00% 0.77% 0.80% Nonperforming Loans 2 0.24% 0.31% 0.34% Indirect secured consumer overview 41 Portfolio FICO score at origination Includes primarily RV & Marine $ in billions Portfolio loan

42. Slide 42: Credit card overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 3.90% 3.74% 4.00% 30-89 Delinquencies 1.13% 1.17% 1.04% 90+ Delinquencies 1.13% 1.06% 1.15% Nonperforming Loans 2 1.82% 1.82% 1.85% Credit card overview 42 Portfolio FICO score at origination 3 750+720-749<660 660-719 $ in billio

43. Slide 43: Solar energy installation overview

    © Fifth Third Bancorp | All Rights Reserved 4Q23 3Q24 4Q24 NCO ratio 1 1.09% 1.44% 1.64% 30-89 Delinquencies 0.48% 0.42% 0.48% Nonperforming Loans 2 1.61% 1.57% 1.52% Weighted average FICO at origination 771 772 772 Solar energy installation overview 43 Portfolio FICO score at origination $ in billi

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