Slide 1: 2Q25 Earnings Presentation
Fifth Third Bancorp 2Q25 Earnings Presentation July 17, 2025 Refer to earnings release dated July 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 Ongoing investments in strategic growth priorities led to highest adjusted PPNR1 growth rate in 2 years Diversified loan origination platforms and high-quality deposits delivered accelerating NII growth Continued expense discipline resulted in a 130 bps improvement in the adjusted effic
Slide 4: 2Q25 highlights
2Q25 highlights Reported1 Adjusted1 • Continued momentum in net interest income and net interest margin due to loan growth, deposit rate EPS $0.88 $0.90 management and fixed-rate asset re-pricing ROA 1.20% 1.22% • Compared to 2Q24, average consumer and commercial loans increased 7% and 4%, respectiv
Slide 5: Net interest income
Net interest income1 $1.50 $1.50 1Q25 to 2Q25 adjusted NII & NIM walk NII $ in millions; NIM change in bps 3.12% $1.44 $1.44 $1.44 $1.44 NII NIM Total net interest income; $ billions $1.43 $1.43 1Q25 $1,442 3.03% $1.40 $1.39 3.03% Net market rate impact 8 1 Loan balances / mix 11 — 2.97% Securities
Slide 6: Noninterest income
Noninterest income $ millions 2Q25 PQ YoY Year-over-year • Wealth and asset management revenue up 4% due to AUM Wealth and asset management revenue $166 (3)% 4% growth Commercial payments revenue 152 (1)% (1)% • Consumer banking revenue up 6% driven by higher deposit fees and card and processing rev
Slide 7: Noninterest expense
Noninterest expense Year-over-year $ millions 2Q25 PQ YoY • Adjusted noninterest expense1 up 4% compared with 2Q24 Compensation and benefits $698 (7)% 6% due to additions in sales force and investments in technology Technology and communications 126 2% 11% 1 • Adjusted efficiency ratio of 55.5%, imp
Slide 8: Loans
Loans Average loan & lease balances Loan portfolio composition $ in billions; loan & lease balances excluding HFS Average loans $116.9 $116.8 $117.9 $121.3 $123.1 Credit card and $46.6 $47.7 Solar energy other $44.7 $45.1 $45.9 installation 6.43% 6.48% 3% 3% 6.18% 6.06% 6.11% Home equity $72.2 $71.8
Slide 9: Deposits
Deposits Average deposit balances Total Deposit Mix $ in billions $ in billions $167.2 $167.2 $167.2 $164.2 $163.6 Time Deposits, 8% $162.4 $163.7 $164.7 $161.8 $161.4 3.04% 3.03% Demand, 25% 2.68% Money Market $164B 2.42% 2.39% and Savings, 32% Average Deposits 2Q24 3Q24 4Q24 1Q25 2Q25 Core Deposit
Slide 10: Credit quality overview
Credit quality overview 2Q24 3Q24 4Q24 1Q25 2Q25 NPL ratio 0.52% 0.59% 0.69% 0.79% 0.70% NPA ratio1 0.55% 0.62% 0.71% 0.81% 0.72% 30-89 days past due as a % of portfolio loans and leases 0.26% 0.24% 0.25% 0.31% 0.23% NCO ratio 0.49% 0.48% 0.46% 0.46% 0.45% 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 1.00% 1.00% 2Q25 0.72% 2Q25 0.50% 0.45% 0.50% 0.00% 0.00% 2Q15 2Q16 2Q17 2Q18 2Q19 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25 2Q15 2Q16 2Q17 2Q18 2Q19 2Q20
Slide 12: Strong liquidity and capital position
Strong liquidity and capital position Capital position Common equity tier 1 ratio1 ~35 bps ~0 bps 10.43% ~2 bps 10.56% (~9 bps) (~15 bps) 1Q25 Net income RWA Share Common Other 2Q25 to common repurchases dividends Liquidity position $ in billions Liquidity Sources 3/31/25 6/30/25 • Maintained full C
Slide 13: Current expectations
Current expectations FY 2025 compared to FY 2024 Avg. loans & leases up ~5% (Including HFS) Net interest income1 up 5.5 - 6.5% (FY24 baseline: $5.658 billion) assumes 12/31/25 Fed funds rate of 3.75% Noninterest income1 up 1 - 2% (FY24 baseline: $2.973 billion; excludes securities g/l) Noninterest e
Slide 14: Current expectations
Current expectations 3Q25 compared to 2Q25 Avg. loans & leases stable to up 1% (Including HFS) Net interest income1 up ~1% (2Q25 baseline: $1.500 billion) assumes 9/30/25 Fed funds rate of 4.25% Noninterest income1 up 1 - 4% (2Q25 baseline: $735 million; excludes securities g/l) Noninterest expense1
Slide 15: Appendix
Appendix 15 © Fifth Third Bancorp | All Rights Reserved
Slide 16: 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% 98% 97% 98% 97% 3.07 3.09 3.09 3.14 3.17 #1 for banking mobile app user satisfaction among regional 2Q24 3Q
Slide 17: 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 1,2 LTM 2Q25 adjusted noninterest income mix stands out favorably relative to peers LTM 2Q25 adjusted noninterest income as a percent of adjusted revenue2, u
Slide 18: Total commercial portfolio overview
Total commercial portfolio overview Portfolio loans and leases Key statistics $ in billions 2Q24 1Q25 2Q25 $74.7 $75.1 $75.4 $74.2 $72.2 $71.8 $71.8 $71.1 $72.0 $73.3 NCO ratio1 0.45% 0.35% 0.38% 30-89 delinquencies 0.09% 0.21% 0.06% 90+ delinquencies 0.01% 0.01% 0.01% Nonperforming loans2 0.38% 0.8
Slide 19: Commercial and industrial overview
Commercial and industrial overview Portfolio loans Key statistics $ in billions 2Q24 1Q25 2Q25 $52.4 $51.8 $53.4 $53.7 $54.1 $53.3 $51.6 $50.9 $51.6 $52.3 NCO ratio1 0.61% 0.39% 0.51% 30-89 delinquencies 0.03% 0.23% 0.05% 90+ delinquencies 0.01% 0.00% 0.01% Nonperforming loans2 0.45% 1.00% 0.86% 2Q2
Slide 20: 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 6/30/25 2Q24 1Q25 2Q25 Industry mix Loan balance $31.9 $32.7 $32.5 SNC $32.5BN Other Nonperforming loans2 0.17% 0.86% 0.85% Retail portfolio 20% 19% ~26% of total lo
Slide 21: Low concentration in leveraged lending
Low concentration in leveraged lending Total Loan Portfolio Composition Diversified Leveraged Portfolio as of 6/30/25 as of 6/30/25 Professional, Scientific, and Healthcare & Other Technical Services Social Assistance Manufacturing Finance & Insurance Total Loans $123.0 Billion Leveraged Retail Trad
Slide 22: Commercial real estate overview
Commercial real estate overview Portfolio loans Key statistics $ in billions 2Q24 1Q25 2Q25 $17.8 $18.2 $18.3 $18.2 $17.3 $17.2 $17.5 $17.3 $17.5 $17.7 $12.4 $12.4 $12.4 NCO ratio1 0.01% 0.23% 0.07% $11.4 $11.4 $11.5 $11.4 $11.8 $12.2 $12.1 30-89 delinquencies 0.18% 0.03% 0.03% 90+ delinquencies 0.0
Slide 23: Total consumer portfolio overview
Total consumer portfolio overview Portfolio loans Key statistics $ in billions 2Q24 1Q25 2Q25 $46.6 $47.1 $47.7 $48.2 $44.7 $44.8 $45.1 $45.5 $45.9 $46.5 NCO ratio1 0.57% 0.63% 0.56% 30-89 delinquencies 0.52% 0.48% 0.47% 90+ delinquencies 0.06% 0.05% 0.05% Nonperforming loans2 0.74% 0.73% 0.72% Weig
Slide 24: Residential mortgage overview
Residential mortgage overview Portfolio loans Key statistics $ in billions $17.0 $17.0 $17.0 $17.2 $17.3 $17.5 $17.6 $17.6 $17.6 $17.7 2Q24 1Q25 2Q25 NCO ratio1 (0.01%) 0.00% (0.01%) 30-89 delinquencies 0.15% 0.15% 0.17% 90+ delinquencies 0.05% 0.05% 0.05% Nonperforming Loans2 0.76% 0.82% 0.81% Weig
Slide 25: Home equity overview
Home equity overview Portfolio loans Key statistics $ in billions 2Q24 1Q25 2Q25 NCO ratio1 (0.05%) 0.04% 0.02% $4.4 $4.5 $4.1 $4.2 $4.2 $4.3 $3.9 $4.0 $4.0 $4.1 30-89 delinquencies 0.66% 0.63% 0.54% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.54% 1.62% 1.67% Weighted average FICO at
Slide 26: Indirect secured consumer overview
Indirect secured consumer overview Portfolio loans Key statistics $ in billions $17.2 $17.6 $16.1 $16.3 $16.5 $16.8 2Q24 1Q25 2Q25 $15.4 $15.4 $15.7 $15.9 NCO ratio1 0.46% 0.53% 0.37% 30-89 delinquencies 0.83% 0.68% 0.70% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 0.23% 0.36% 0.37% Wei
Slide 27: Credit card overview
Credit card overview Portfolio loans Key statistics $ in billions $1.7 $1.7 $1.7 $1.7 $1.7 $1.7 2Q24 1Q25 2Q25 $1.7 $1.6 $1.7 $1.7 NCO ratio1 3.98% 4.19% 3.74% 30-89 delinquencies 1.10% 1.02% 1.00% 90+ delinquencies 0.98% 1.02% 1.05% Nonperforming loans2 1.79% 1.87% 1.70% Weighted average FICO at 74
Slide 28: Solar energy installation overview
Solar energy installation overview Portfolio loans Key statistics $ in billions $4.2 $4.2 $4.3 $4.3 $4.3 $4.1 $4.1 2Q24 1Q25 2Q25 $3.9 $4.0 $4.0 NCO ratio1 1.25% 1.73% 1.86% 30-89 delinquencies 0.33% 0.52% 0.39% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.67% 0.70% 0.60% Weighted aver
Slide 29: Allowance for credit losses
Allowance for credit losses Allocation of allowance by product 2Q25 Change in rate $ in millions Compared to: % of portfolio Allowance for loan & lease losses Amount 1Q25 2Q24 loans & leases Commercial and industrial loans $902 1.69% 0.12% 0.30% Commercial mortgage loans 323 2.67% 0.06% (0.05%) Comm
Slide 30: NPL rollforward
NPL1 rollforward 2Q24 3Q24 4Q24 1Q25 2Q25 Balance, beginning of period $372 $274 $334 $456 $623 Transfers to nonaccrual status 51 191 240 273 63 Transfers to accrual status — — (1) (3) (1) Transfers to held for sale — (5) (5) (17) (24) Commercial Loan paydowns/payoffs (66) (47) (49) (19) (70) $ in m
Slide 31: Balance sheet positioning
Balance sheet positioning Commercial loans1,2 Consumer loans1 Investment portfolio Long-term debt3 $28.5BN fixed | $45.7BN variable1,2 $41.5BN fixed | $6.7BN variable1 $9.3BN fixed | $5.2BN variable3 • 54% allocation to bullet/locked- • 1M based: 37%4,7 • 1M based: 1%5,7 out cash flow securities • S
Slide 32: 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 (3.5%) (4.5%) (6.0%) (7.0%) Rate risk models assu
Slide 33: Investment portfolio composition
Investment portfolio composition Securities portfolio Investment portfolio characteristics AFS and HTM portfolio; amortized cost basis; as of 6/30/25 Amortized cost basis; as of 6/30/25 Held-to-maturity portfolio • $11.6BN portfolio HTM • Reclassification during 1Q24 aimed to de-risk potential AOCI
Slide 34: Securities portfolio AOCI accretion
Securities portfolio AOCI accretion AOCI accretion1 assuming implied forward curve2 $ in billions; 6/30/25 AFS and HTM portfolio unrealized loss, after-tax Historical AOCI accretion Projected AOCI accretion ($1.6) ($1.9) ($2.2) ~42% ($2.6) ($2.9) capital accretion ($3.2) ($3.3) ~21% ($3.5) capital a
Slide 35: 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 Actuals Forecast +2% $23.04 +2% $22.52 +3% $22.02 $20.98 +2% $21.
Slide 36: Cash flow hedges
Cash flow hedges Receive-fixed swaps1 EOP notional value of cash flow hedges ($ in billions) Existing receive-fixed swaps2 $15 $14 $10 $9 $8 $5 2Q25 1Q30 4Q30 2Q31 3Q31 4Q31 Actual Weighted average receive 3.17% 3 3.19% 3.27% 3.29% 3.32% 3.44% fixed rate 36 For end note descriptions, see end note su
Slide 37: Mortgage banking results
Mortgage banking results Mortgage banking net revenue Mortgage originations and margins $ in millions $ in billions $57 $57 $56 $50 $50 Origination fees and $2.0 gains on loan $5 $1.9 $1.9 $3 $3 sale $1.6 $0.6 $1.4 $0.7 Gross $78 $77 $75 $74 $73 Originations HFI $0.6 $0.6 servicing Originations HFS
Slide 38: Preferred dividend schedule
Preferred dividend schedule Upcoming preferred dividend schedule1 3Q25 4Q25 1Q26 2Q26 $ in millions Series H ~$12 ~$11 ~$10 ~$10 Floating2 Series I ~$9 ~$9 ~$9 ~$9 Floating2 Series J ~$6 ~$6 ~$5 ~$5 Floating2 Series K ~$3 ~$3 ~$3 ~$3 Series L3 ~$4 ~$7 ~$7 ~$7 Class B Series A ~$3 ~$3 ~$3 ~$3 Total ~
Slide 39: 2Q25 adjustments and notable items
2Q25 adjustments and notable items Adjusted EPS of $0.901 2Q25 reported EPS of $0.88 included a negative $0.02 impact from the following notable item(s): • $15 million pre-tax (~$11 million after-tax2) charge related to severance expense • $1 million pre-tax (~$1 million after-tax2) charge related t
Slide 40: Non-GAAP reconciliation
Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries For the three months ended $ and shares in millions (unaudited) June March December September June 2025 2025 2024 2024 2024 Net income (U.S. GAAP) (a) $628 $515 $620 $573 $601 Net income (U.S. GAAP) (annualized) (b) $2,519 $2,089 $2,467 $2
Slide 41: Non-GAAP reconciliation
Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries For three months ended $ and shares in millions (unaudited) June March December September June 2025 2025 2024 2024 2024 Average interest-earning assets (a) $192,682 $192,808 $193,513 $195,836 $194,499 Net interest income (U.S. GAAP) (b) $1
Slide 42: Earnings presentation end notes
Earnings presentation end notes Slide 3 end notes 1. Non-GAAP measure: see reconciliation on pages 40 and 41 of this presentation and use of non-GAAP measures on pages 26-28 of the earnings release. Slide 4 end notes 1. Reported ROTCE, NIM, pre-provision net revenue, and efficiency ratio are non-GAA
Slide 43: Earnings presentation end notes
Earnings presentation end notes Slide 19 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 44: Earnings presentation end notes
Earnings presentation end notes Slide 31 end notes Note: Data as of 6/30/2025. 1. Excludes HFS Loans & Leases. 2. Fifth Third had $15B of commercial variable loans classified as fixed given the impacts of $11BN in C&I receive-fix swaps and $4BN in CRE receive-fixed swaps 3. Fifth Third had $4.96BN S