Slide 1: 2Q11 Earnings Conference Call
Exhibit 99.2 2Q11 Earnings Conference Call July 21, 2011 Please refer to earnings release dated July 21, 2011 for further information. © Fifth Third Bank | All Rights Reserved
Slide 2: 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 3: 2Q11 in review
2Q11 in review Continued strong operating results • Net income available to common shareholders of $328mm, or $0.35 per diluted share • Pre-provision net revenue^ of $619mm, up 14% sequentially and up 9% compared with prior year • Period end loans and leases* up $502mm (1%); average loans and leases
Slide 4: Financial summary
Financial summary Actual Seq. YOY ($ in millions) 2Q10 1Q11 2Q11 $ % $ % Average Balances Commercial loans $44,331 $43,410 $43,570 $160 - ($761) (2%) Consumer loans 32,642 34,226 34,367 141 - 1,725 5% Total loans & leases (excl. held-for-sale) $76,973 $77,636 $77,937 $301 - $964 1% Core deposits $76
Slide 5: Net interest income
Net interest income NII and NIM (FTE) Yield Analysis Seq. YoY Interest-earning assets 2Q10 1Q11 2Q11 (bps) (bps) Commercial and industrial loans 4.75% 4.45% 4.35% (10) (40) Commercial mortgage loans 4.10% 4.11% 4.00% (11) (10) Commercial construction loans 3.15% 3.15% 3.01% (14) (14) Commercial leas
Slide 6: Balance sheet
Balance sheet Average loan growth ($B)^ Flat QoQ; +1% YoY • C&I loans up 2% sequentially and 7% from 2Q10 • CRE loans down 3% sequentially and 17% from 2Q10 • Consumer loans flat sequentially and up 5% from 2Q10 • Warehoused residential mortgage loans held-for-sale were $1B at quarter end versus $1.
Slide 7: Noninterest income
Noninterest income Noninterest income Actual Seq. YOY 2Q10 1Q11 2Q11 $ % $ % ($ in millions) Service charges on deposits $149 $124 $126 $2 1% ($23) (16%) Corporate banking revenue 93 86 95 9 11% 2 2% Mortgage banking revenue 114 102 162 60 58% 48 42% Investment advisory services 87 98 95 (3) (3%) 8
Slide 8: Noninterest expense
Noninterest expense Noninterest expense Actual Seq. YOY 2Q10 1Q11 2Q11 $ % $ % ($ in millions) Salaries, wages and incentives $356 $351 $365 $14 4% $9 2% Employee benefits 73 97 79 (18) (19%) 6 9% Net occupancy expense 73 77 75 (2) (3%) 2 2% Technology and communications 45 45 48 3 6% 3 6% Equipment
Slide 9: Pre-tax pre-provision earnings
Pre-tax pre-provision earnings Core PPNR trend Core PPNR reconciliation 2Q10 3Q10 4Q10 1Q11 2Q11 Reported PPNR $567 $760 $583 $545 $619 Adjustments remove (benefit) / detriment: BOLI - (127) - - - Valuation of 2009 Visa total return swap - - 5 9 4 Securities (gains) / losses (8) (4) (21) (8) (6) Oth
Slide 10: Strong capital position
Strong capital position Tangible common equity ratio^ Tier I common equity Tier I capital ratio Total risk-based capital ratio Strong capital ratios under Basel I; estimated Basel III Tier 1 common ratio of 9.6%* Current period regulatory capital data ratios are estimated. ^ Tangible common equity r
Slide 11: Net charge-offs
Net charge-offs Net charge-offs ($mm) Net charge-offs by loan type $956 $mm % NCOs Commercial $141 46% due to 3Q10 Consumer $163 54% credit Total $304 100% actions $434 $356 $367 Actual Seq. YOY ($ in millions) 2Q10 1Q11 2Q11 $ % $ % C&I $104 $83 $76 ($7) (8%) ($28) (27%) Net charge-offs by geograph
Slide 12: Nonperforming assets
Nonperforming assets Nonperforming assets ($mm) • NPAs of $2.1B excluding held-for-sale down 30% year-over-year • Commercial NPAs of $1.6B, down 29% from the previous year – Homebuilder / developer NPAs of $243mm; represent 15% of total commercial NPAs • Consumer NPAs of $476mm, down 32% from the pr
Slide 13: NPL Rollforward
NPL Rollforward NPL HFI Rollforward Commercial 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 Beginning NPL Amount 1,937 2,110 2,430 2,392 2,172 1,980 1,261 1,214 1,211 New nonaccrual loans 544 832 602 405 310 290 224 299 309 Paydowns, payoffs, sales and net other activity (190) (246) (332) (425) (402
Slide 14: Non-performing loans
Non-performing loans FITB NPL inflows (relative to loans) vs. peers Non-performing loans ($mm) $2.5B $1.6B $1.7B $1.6B $1.6B Non-performing loans improving with lower severity mix; benefit of sales/transfers New HFI non-performing loan flows ($mm) FITB FITB ex-HFS Fifth Third’s non-performing loan i
Slide 15: Troubled debt restructurings overview
Troubled debt restructurings overview Successive improvement in vintage performance during TDR performance has improved in newer vintages 2008 and 2009 as volume of modification increased Mortgage TDR 60+ redefault trend by vintage* Fifth Third’s mortgage portfolio TDRs have redefaulted Volume by at
Slide 16: Strong relative credit trends
Strong relative credit trends Loans 30-89 days delinquent % vs. peers Loans 90+ days delinquent % vs. peers NPA ratio vs. peers Net charge-off ratio vs. peers FITB credit metrics are now generally better than peers Peer average includes: BBT, CMA, HBAN, KEY, MTB, PNC, RF, STI, USB, WFC, and ZION Sou
Slide 17: Strong reserve position
Strong reserve position Industry leading reserve levels 2Q11 coverage ratios strong relative to peers (1Q11) Fifth Third Peer Average (2Q11) (1Q11) Peer average includes: BBT, CMA, HBAN, KEY, MTB, PNC, RF,STI, USB, WFC, and ZION Source: SNL and company reports. NPAs / NPLs exclude held-for-sale port
Slide 18: Well-positioned for the future
Well-positioned for the future Diversified traditional banking platform • Traditional commercial banking franchise built on customer-oriented localized operating model • Strong market share in key markets with focus on further improving density • Fee income ~40% of total revenues Industry leader in
Slide 19: Appendix
Appendix 19 © Fifth Third Bank | All Rights Reserved
Slide 20: Fifth Third: Outlook
Fifth Third: Outlook Category 2Q11 Actual 3Q11 Outlook 2H11 Outlook Balance Sheet: Average loans & leases $77.9 billion Modest growth vs. 2Q11 Modest growth Average transaction deposits $71.5 billion Modest growth vs. 2Q11 Modest growth Income Statement: Net interest income* $869 million Up ~$20mm +
Slide 21: Strong liquidity profile
Strong liquidity profile Holding company unsecured debt maturities ($mm) Holding Company cash at 6/30/11: $1.3B Expected cash obligations over the next 12 months $4,313 — $0 debt maturities — ~$221mm common dividends (at $0.06 dividend) — ~$35mm Series G preferred dividends — ~$450mm interest and ot
Slide 22: Mortgage repurchase overview
Mortgage repurchase overview Demand requests and repurchase losses remain volatile; near-term repurchase losses are expected to Repurchase Reserves* ($ in millions) remain somewhat elevated 2Q10 3Q10 4Q10 1Q11 2Q11 Virtually all sold loans and new claims relate to agencies Beginning balance $84 $85
Slide 23: Non-performing assets and net charge-offs: Product view
Non-performing assets and net charge-offs: Product view* Total NPAs Total NCOs *NPAs exclude loans held-for-sale. 3Q10 NCOs exclude $510mm loans sold of moved to held-for-sale in 3Q10 23 © Fifth Third Bank | All Rights Reserved
Slide 24: Non-performing assets and net charge-offs: Geographic view
Non-performing assets and net charge-offs: Geographic view* Total NPAs Total NCOs *NPAs exclude loans held-for-sale. 3Q10 NCOs exclude $510mm loans sold of moved to held-for-sale in 3Q10 24 © Fifth Third Bank | All Rights Reserved
Slide 25: Commercial & industrial
Commercial & industrial* Credit trends Loans by geography C&I ($ in millions) 2Q10 3Q10 4Q10 1Q11 2Q11 Balance $26,008 $26,302 $27,191 $27,344 $28,099 90+ days delinquent $49 $28 $16 $8 $7 as % of loans 0.19% 0.11% 0.06% 0.03% 0.02% Avg Loans $26,176 $26,344 $26,338 $27,331 $27,909 NPAs $792 $594 $6
Slide 26: Commercial mortgage
Commercial mortgage* Credit trends Loans by geography Commercial mortgage ($ in millions) 2Q10 3Q10 4Q10 1Q11 2Q11 Balance $11,481 $10,985 $10,845 $10,510 $10,233 90+ days delinquent $53 $29 $11 $8 $12 as % of loans 0.46% 0.26% 0.10% 0.08% 0.11% Avg Loans $11,659 $11,375 $10,985 $10,685 $10,394 NPAs
Slide 27: Commercial construction
Commercial construction* Credit trends Loans by geography Commercial construction ($ in millions) 2Q10 3Q10 4Q10 1Q11 2Q11 Balance $2,965 $2,349 $2,048 $1,980 $1,778 90+ days delinquent $37 $5 $3 $23 $48 as % of loans 1.24% 0.21% 0.13% 1.16% 2.71% Avg Loans $3,160 $2,885 $2,171 $2,030 $1,918 NPAs $4
Slide 28: Homebuilders/developers
Homebuilders/developers* (included in previous slides) Credit trends Loans by geography Homebuilders/developers ($ in millions) 2Q10 3Q10 4Q10 1Q11 2Q11 Balance $1,207 $824 $699 $651 $597 90+ days delinquent $12 $3 $1 $1 $1 as % of loans 1.03% 0.37% 0.12% 0.16% 0.19% NPAs $431 $280 $259 $249 $243 as
Slide 29: Residential mortgage
Residential mortgage Credit trends Loans by geography Residential mortgage ($ in millions) 2Q10 3Q10 4Q10 1Q11 2Q11 Balance $7,707 $7,975 $8,956 $9,530 $9,849 90+ days delinquent $107 $111 $100 $98 $87 as % of loans 1.38% 1.39% 1.12% 1.03% 0.88% Avg Loans $7,805 $7,837 $8,382 $9,282 $9,654 NPAs $549
Slide 30: Home equity
Home equity Credit trends Brokered loans by geography Direct loans by geography Home equity - brokered ($ in millions) 2Q10 3Q10 4Q10 1Q11 2Q11 Balance $1,838 $1,770 $1,698 $1,637 $1,586 90+ days delinquent $29 $26 $25 $25 $23 as % of loans 1.57% 1.46% 1.46% 1.51% 1.46% Net charge-offs $24 $26 $25 $
Slide 31: Florida market
Florida market* Deterioration in real estate values having effect on credit trends as evidenced by increased NPA/NCOs in real estate related products Florida % of % of NCOs % of Weak commercial real estate market Loans ($B) FITB NPAs ($M) FITB ($M) FITB Commercial loans 1.9 7% 73 11% 5 6% Commercial
Slide 32: Michigan market
Michigan market* Deterioration in home price values coupled with weak economy impacting credit trends due to frequency of defaults and severity Michigan % of % of NCOs % of Loans ($B) FITB NPAs ($M) FITB ($M) FITB Commercial loans 3.3 12% 121 19% 15 20% Commercial mortgage 2.6 26% 141 20% 13 28% Com