Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Morgan Stanley Virtual US Financials Conference 2020
10 slides from Fifth Third Bancorp's conference presentation, Jun 10, 2020
Slide 1: Morgan Stanley Virtual US Financials Conference
Morgan Stanley Virtual US Financials Conference Greg D. Carmichael Chairman, President & Chief Executive Officer June 10, 2020 Exhibit 99.1
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: Pandemic response update
Pandemic response update The pace of deferral & forbearance requests have declined substantially since the end of April, down ~80% from the weekly peak ~30% of consumer customers who have received deferral relief continue to make payments (~50% in card; ~15% in auto) YoY consumer spending patterns b
Slide 4: Strong capital and liquidity position
Unprecedented levels of short-term liquidity currently ~15x higher than 2019 average Nearly $100 billion of available liquidity sources $5.3B in Holding Company cash, sufficient to satisfy all fixed obligations in a stressed environment for ~28 months Strong capital and liquidity position Regulatory
Slide 5: Factors favoring continued outperformance
Factors favoring continued outperformance: Duration of 4.7 vs peer average of 2.7 8% invested in RMBS vs peer average of 50% 60% locked out/bullet structures Well positioned to mitigate impacts of lower rates Cash flow hedges ($s in billions) Peer-leading yield for over 6 years expected to continue
Slide 6: Balance sheet remains well positioned
Balance sheet remains well positioned Reduced balances ~50% since 2015 Well-diversified, and conservatively defined >75% of portfolio is in SNCs Highly monitored leverage lending Outstandings as a % of total loans Energy loans Consumer portfolio FICO score distribution2 Allowance is highest among pe
Slide 7: Proactive approach to credit risk management
Proactive approach to credit risk management Developed cross-functional Credit Advisory Forums to drive consistency in credit decisions, with a particular focus on areas highly impacted by COVID-19 Reallocating and augmenting resources in credit workout function (special assets group) Offering hards
Slide 8: Commercial portfolio by industry sectors
Commercial portfolio by industry sectors Well diversified commercial portfolio with several potential risk mitigants to recent stresses $s in billions; as of 3/31/2020 Potential risk mitigants for COVID-19 high impact portfolios Well diversified commercial portfolio favoring large borrowers with a t
Slide 9: Accelerating investments in digitization and automation
Accelerating investments in digitization and automation Digitizing all core consumer, commercial loan and deposit products Improved deposit account opening capabilities Digital appointment scheduling Hardship request and tracking capabilities (incl. PPP) Advanced customer digital capabilities Proces
Slide 10: Remain well-positioned to navigate the uncertain economic environment
Remain well-positioned to navigate the uncertain economic environment Resilient Balance Sheet Proactive Management Diversified Revenue Mix 1 2 3
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