Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Shareholder Meeting (April 2013)
16 slides from Fifth Third Bancorp's shareholder meeting presentation, Apr 16, 2013
Slide 1: Annual Meeting of Shareholders
Exhibit 99.1 Annual Meeting of Shareholders April 16, 2013 Please refer to earnings release dated January 17, 2013 and 10-K dated February 22, 2013 for further information, including full results reported on a U.S. GAAP basis. © Fifth Third Bank | All Rights Reserved
Slide 2: A strong franchise with strong momentum
A strong franchise with strong momentum Net income to common ($MM) Return on avg. assets Net charge-off ratio 1.34% 3.20% $1,541 3.02% 1.15% $1,094 0.64% 0.67% 1.49% $511 $503 0.85% 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 Generated highest level of net Improving profitability app
Slide 3: Strong capital position and capital generation supports ability to return capital to shareholders
Strong capital position and capital generation supports ability to return capital to shareholders Nearly $1 billion in capital returned to common shareholders 2012 total payout yield (regional peers) 8% 7.5% 7.4% $1,000 $900 $175MM 7% Vantiv-related $800 repurchases 6% 5.6% 5.6% $700 5.3% 5% 4.8% $6
Slide 4: Right size for the times
Right size for the times The new banking landscape leaves us with four TRILLIONAIRE and several mid-sized banks 4Q12 Top US publicly traded banks and thrifts by assets (>$50B) Trillionaires 2,359 2,210 1,865 1,423 Midsized banks 354 313 305 184 173 122 121 89 83 65 56 56 JPM BAC C WFC USB COF PNC BB
Slide 5: Strengthened deposit profile and increased value proposition to customers
Strengthened deposit profile and increased value proposition to customers Deposit balances ($B) Simplified deposit products • Straightforward, easy to use $86.2 accounts • Reduced complexity $76.6 • Elimination of certain fees • Total relationship earns better rates and lower costs $82.1 $78.0 $69.6
Slide 6: Customer oriented solutions
Customer oriented solutions Providing customers with products and services they find valuable Accessibility Choice Convenience • Mobile app available Remote Currency Manager on iPhone, Android, • Innovative, end-to-end and BlackBerry remote cash management • DUO: Combined credit solution • Deposit c
Slide 7: Stress test results reflect lower risk of traditional business model
Stress test results reflect lower risk of traditional business model 2012 actual performance 2012 PPNR / Average assets 2012 loan losses / Average loans 4% 2.5% 3.2% 2.2% 3% 2.9% 2.7% 2.0% 1.9% 3% 2.3% 1.6% 2.1% 1.5% 1.3% 2% 1.3% 1.3% 1.7% 1.1% 1.1% 1.5% 1.5% 2% 1.3% 1.3% 1.0% 1.2% 1.0% 0.9% 0.7% 0.
Slide 8: Stress test results reflect lower risk of traditional business model
Stress test results reflect lower risk of traditional business model 2012 results Tier 1 common Tier 1 leverage 14% 12% 11.4% 12.7% 10.4%10.1% 12% 11.4%11.1%11.1%11.0%10.8% 10% 9.7% 9.5% 9.2% 10.1%10.0% 8.9% 8.7% 10% 9.6% 9.5% 9.3% 8.2% 9.0% 8% 7.5% 7.4% 7.1% 8% 6% 6% 4% 4% 2% 2% 0% 0% C KEY BAC JPM
Slide 9: 2012 total return
2012 total return (price appreciation plus dividends) 30% 25% FITB +22% S&P Banks Index +21% 20% S&P 500 Index +16% 15% 10% 5% 0% 12/11 1/12 2/12 3/12 4/12 5/12 6/12 7/12 8/12 9/12 10/12 11/12 12/12 Market recognizing Fifth Third’s progress Source: Bloomberg, 12/31/11-12/31/12 9 © Fifth Third Bank |
Slide 10: Key themes
Key themes Strong levels of profitability Traditional banking focus Broad-based consistent with credit direction of improvements financial reform Exceed fully Disciplined phased-in Basel expense control III capital standards today Continued investments to Well-established maintain and franchise in k
Slide 11: © Fifth Third Bank | All Rights Reserved
© Fifth Third Bank | All Rights Reserved
Slide 12: Cautionary statement
Cautionary statement This report 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 3b-6 pr
Slide 13: Pre-tax pre-provision earnings*
Pre-tax pre-provision earnings* PPNR reconciliation PPNR trend ($ in millions) 4Q11 1Q12 2Q12 3Q12 4Q12 Income before income taxes (U.S. GAAP) (a) $418 $603 $565 $503 $540 Add: Provision expense (U.S. GAAP) (b) 55 91 71 65 76 $800 PPNR (a) + (b) $473 $694 $636 $568 $616 Adjustments to remove (benefi
Slide 14: Credit-related costs
Credit-related costs In noninterest income ($MM) $35 Actual $30 ($ in millions) 4Q11 1Q12 2Q12 3Q12 4Q12 $25 Gain / (loss) on sale of loans $9 $5 $8 $2 $4 $20 Commercial loans HFS FV adjustment (18) (1) (5) (3) (3) 33 Gain / (loss) on sale of OREO $15 properties (22) (17) (19) (11) (10) $10 Mortgage
Slide 15: Regulation G Non-GAAP reconciliation
Regulation G Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries Regulation G Non-GAAP Reconcilation $ and shares in millions (unaudited) For the Three Months Ended December September June March December 2012 2012 2012 2012 2011 Income before income taxes (U.S. GAAP) $540 $503 $565 $603 $41
Slide 16: Regulation G Non-GAAP reconciliation
Regulation G Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries Regulation G Non-GAAP Reconcilation $ and shares in millions (unaudited) For the Three Months Ended December September June March December 2012 2012 2012 2012 2011 Total Bancorp shareholders' equity (U.S. GAAP) $13,716 $13,718
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