Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Q4 2009 Earnings Presentation
16 slides from Fifth Third Bancorp's earnings presentation, Jan 21, 2010
Slide 1: 4Q09 Credit Trends
Exhibit 99.4 4Q09 Credit Trends January 21, 2010 Please refer to earnings release dated January 21, 2010 for full results including those reported on a U.S. GAAP basis Fifth Third Bank | All Rights Reserved
Slide 2: Updated credit loss expectations vs. SCAP scenarios
Updated credit loss expectations vs. SCAP scenarios $5,500 Fifth Third Fifth Third’s realized credit losses capitalized for this have been significantly below its $5,000 level of losses under SCAP submitted baseline and SCAP (plus surplus more adverse scenarios $5.0B raised vs. buffer) – In SCAP sub
Slide 3: Credit by portfolio
Credit by portfolio* Commercial Commercial Commercial Total Residential Other Total loans & ($ in millions) C&I mortgage construction lease commercial mortgage Home equity Auto Credit card consumer Total consumer leases Loan balances $25,683 $11,803 $3,784 $3,535 $44,805 $8,035 $12,174 $8,995 $1,990
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 4Q09 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 4Q08 1Q09 2Q09 3Q09 4Q09 4Q08 1Q09 2Q09 3Q09 4Q09 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 - - 4Q08 1Q09 2Q09 3Q09 4Q09 4Q08 1Q09 2Q09 3Q09 4Q09 Other SE National Other MW Michigan Florida Other SE National Other MW Michigan Florida * NPAs exclude
Slide 7: Nonperforming assets
Nonperforming assets* Other $111M 3% • Total NPAs of $3.2B C&I* • Homebuilder/developer NPAs of $548M; $848M represent 17% of total NPAs 26% CRE • Commercial NPAs of $2.5B; down 1% from $1.7B the previous quarter 53% • Consumer NPAs of $704M; up 7% from the Residential previous quarter $594M 18% C&I
Slide 8: Commercial & industrial
Commercial & industrial* Credit trends Loans by geography FL C&I MI 7% ($ in millions) 4Q08 1Q09 2Q09 3Q09 4Q09 16% Balance $29,197 $28,617 $28,409 $26,175 $25,683 90+ days delinquent $76 $131 $142 $256 $118 as % of loans 0.26% 0.46% 0.50% 0.98% 0.46% Other 29% NPAs $548 $675 $634 $790 $781 as % of
Slide 9: Commercial mortgage
Commercial mortgage* Credit trends Loans by geography FL Commercial mortgage Other 13% MI ($ in millions) 4Q08 1Q09 2Q09 3Q09 4Q09 26% 5% Balance $12,502 $12,560 $12,407 $12,105 $11,803 90+ days delinquent $136 $124 $131 $184 $59 NC as % of loans 1.09% 0.99% 1.06% 1.52% 0.50% 7% NPAs $502 $718 $791
Slide 10: Commercial construction
Commercial construction* Credit trends Loans by geography MI Commercial construction FL 14% ($ in millions) 4Q08 1Q09 2Q09 3Q09 4Q09 18% Balance $5,114 $4,745 $4,491 $4,147 $3,784 90+ days delinquent $73 $49 $60 $168 $16 as % of loans 1.44% 1.02% 1.34% 4.04% 0.44% Other NPAs $400 $597 $735 $751 $707
Slide 11: Homebuilders/developers
Homebuilders/developers* Credit trends Loans by geography MI Homebuilders/developers FL 20% 18% ($ in millions) 4Q08 1Q09 2Q09 3Q09 4Q09 Balance $2,481 $2,322 $2,102 $1,846 $1,563 90+ days delinquent $74 $37 $53 $79 $19 as % of loans 2.98% 1.59% 2.51% 4.29% 1.19% Other NPAs $366 $554 $613 $600 $548
Slide 12: Residential mortgage
Residential mortgage Credit trends Loans by geography MI Residential mortgage 14% ($ in millions) 4Q08 1Q09 2Q09 3Q09 4Q09 FL Balance $9,385 $8,875 $8,489 $8,229 $8,035 28% 90+ days delinquent $198 $231 $242 $198 $189 as % of loans 2.11% 2.60% 2.85% 2.41% 2.35% NPAs $397 $475 $475 $484 $523 OH as %
Slide 13: Home equity
Home equity Credit trends Brokered loans by geography Direct loans by geography FL FL Home equity - brokered 3% Other 9% ($ in millions) 4Q08 1Q09 2Q09 3Q09 4Q09 MI MI Other 21% 1% 21% Balance $2,313 $2,225 $2,125 $2,028 $1,948 NC 20% 90+ days delinquent $37 $42 $34 $38 $33 TN 5% as % of loans 1.58%
Slide 14: Florida market
Florida market* Deterioration in real estate values having effect on credit trends as evidenced by increasing NPA/NCOs in real estate related products Loans % of NPAs % of NCOs % of Homebuilders, developers tied to ($ 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 4.1 16% 145 19% 40 22% commercial re
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