Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — Morgan Stanley US Financials Conference 2025

25 slides from Fifth Third Bancorp's conference presentation, Jun 10, 2025

  1. Slide 1: Morgan Stanley US Financials Conference

    © Fifth Third Bancorp | All Rights Reserved Morgan Stanley US Financials Conference Bryan Preston Chief Financial Officer June 10, 2025

  2. Slide 2: Cautionary Statement

    2 © Fifth Third Bancorp | All Rights Reserved 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 Securitie

  3. Slide 3: Top performing regional bank with local scale and national reach

    3 © Fifth Third Bancorp | All Rights Reserved Top performing regional bank with local scale and national reach Midwest footprint Major FITB markets2 with a top 5 deposit share Key Southeast MSAs of focus Assets $213 billion Ranked 10th in the U.S.1 Deposits $164 billion Ranked 9th in the U.S.1 U.S.

  4. Slide 4: Disciplined execution guided by core principles

    4 © Fifth Third Bancorp | All Rights Reserved Disciplined execution guided by core principles Stability Profitability Growth Consistent and disciplined management, with a long-term focus throughout the company • Resilient balance sheet • Strong credit profile • Branch-originated insured deposits and

  5. Slide 5: A simple, diversified business portfolio

    5 © Fifth Third Bancorp | All Rights Reserved A simple, diversified business portfolio Commercial Banking Lending / Deposits / Capital Markets / Treasury Management & Payments $68B loans $61B deposits Consumer & Small Business Banking Wealth & Asset Management Business Offerings $3B loans $11B depos

  6. Slide 6: Driving to consistently generate top quartile results

    6 © Fifth Third Bancorp | All Rights Reserved 13.0% Peer 1 Peer 9 Peer 5 Peer 6 Peer 3 Peer 4 Peer 2 Peer 7 Peer 10 Peer 8 Peer 11 x 1Q25 LTM 57.0% Peer 2 Peer 5 Peer 1 Peer 11 Peer 7 Peer 10 Peer 4 Peer 3 Peer 9 x Peer 6 Peer 8 1Q25 LTM 1.15% Peer 1 Peer 5 Peer 11 Peer 2 Peer 10 Peer 9 Peer 4 Peer

  7. Slide 7: Delivering long-term shareholder outperformance at peer median valuation

    7 © Fifth Third Bancorp | All Rights Reserved Peer 10 Peer 8 Peer 4 Peer 12 Peer 1 Peer 5 Peer 3 x Peer 11 Peer 6 Peer 2 Peer 9 Peer 7 Peer 10 Peer 1 Peer 8 Peer 3 Peer 4 Peer 12 x Peer 5 Peer 2 Peer 9 Peer 6 Peer 7 Peer 11 Delivering long-term shareholder outperformance at peer median valuation Tot

  8. Slide 8: Delivering stability and profitability

    8 © Fifth Third Bancorp | All Rights Reserved Delivering stability and profitability Key Principles • Diversified loan portfolio and origination channels ✓ 60% Commercial / 40% Consumer • Granular, low-cost deposit base ✓ Transactional deposits represent ~60% of total deposits vs. the peer average o

  9. Slide 9: Net interest income and profitability

    9 © Fifth Third Bancorp | All Rights Reserved Net interest income and profitability “NIM trough in 4Q23 and growth thereafter” September 2023 Barclays Conference “NII trough in 1Q24 and growth thereafter” September 2023 Barclays Conference “Deposit betas to be in the low 60s” 4Q23 earnings call “Pos

  10. Slide 10: Commercial Payments with significant scale and leading technology

    10 © Fifth Third Bancorp | All Rights Reserved 22% 21% 19% 14% 12% 7% 5% Commercial banking revenue Commercial Payments with significant scale and leading technology Well established commercial payments organization with significant scale 1See forward-looking statements on page 2 of this presentatio

  11. Slide 11: Wealth & Asset Management has scale and continues to expand

    11 © Fifth Third Bancorp | All Rights Reserved Wealth & Asset Management has scale and continues to expand $128 $79 $53$52$51 $36 $26$19$19$18 $8$3 Peer 7Peer 10Peer 9Peer 8Peer 5X Peer 6Peer 4Peer 2Peer 12Peer 3Peer 11Peer 1 $588 $398 $221 $179$173 $136$132$114 $54$52$29$6 Peer 10XPeer 7 Peer 6Peer

  12. Slide 12: Balanced Capital Markets franchise delivering long-term growth

    12 © Fifth Third Bancorp | All Rights Reserved M&A DCM & Loan Syndication Hedging Balanced Capital Markets franchise delivering long-term growth 14% 12% 7%5% 22% 21% 19% Growing fees across the Capital Markets business 1See forward-looking statements on page 2 of this presentation regarding forward-

  13. Slide 13: Delivering stability and growth

    13 © Fifth Third Bancorp | All Rights Reserved Delivering stability and growth Key Principles • Organic growth – value accrues disproportionately to builders ✓ Retail and middle market investments poised to deliver tailwinds for years to come • Density ✓ Optimizing deposit share through deliberate l

  14. Slide 14: Outperforming market across our branch footprint, led by Southeast gains

    14 © Fifth Third Bancorp | All Rights Reserved Outperforming market across our branch footprint, led by double digit gains in high-growth Southeast markets Midwest Footprint1 Southeast Footprint1 Deposit Share 10.9% 3.9% Locational Share 8.7% 5.4% Capped Deposit Growth (YoY) Fifth Third 2.2% 15.7% M

  15. Slide 15: Southeast investments and execution lead to strong deposit growth and profitability

    15 © Fifth Third Bancorp | All Rights Reserved Southeast investments and execution lead to strong deposit growth and profitability 1FITB branch count as of 3/31/25. Competitor data as of 12/31/24; 2Filtered for de novos and based on 2024 FDIC data. Not all de novos have been open for 5 years; 3See f

  16. Slide 16: High-quality consumer deposit franchise

    16 © Fifth Third Bancorp | All Rights Reserved 25% 25% 29% 32% 33% 34% 39% 40% 44% 47% 49% 49% 56% Peer 6 Peer 10 Peer 11 Peer 9 Peer 2 Peer 4 Peer 3 Peer 5 Peer 12 Peer 7 Peer 1 x Peer 8 Smaller proportion of low relationship value consumer deposits than most peers High-quality consumer deposit fra

  17. Slide 17: Middle Market growing and expanding its reach

    17 © Fifth Third Bancorp | All Rights Reserved Middle Market growing and expanding its reach 281 349 2021 1Q25 Salesforce additions drive growth Middle market salesforce $18,127 $21,899 2021 1Q25 Middle market loans Birmingham, Alabama Savannah, Georgia Recent expansion markets March Quarterly Weigh

  18. Slide 18: Customer-centric, technology-led product innovation and development

    18 © Fifth Third Bancorp | All Rights Reserved Customer-centric, technology-led product innovation and development Fifth Third Momentum Banking: Combining the best of fintech and traditional banks Customer satisfaction ~1.5 million Momentum HHs ~61% of total consumer, up from ~38% in 1Q22 Free acces

  19. Slide 19: Diversified loan portfolio and origination channels

    19 © Fifth Third Bancorp | All Rights Reserved Diversified loan portfolio and origination channels 44% 15% 14% 3% 14% 4% 3% 3% % of Total Loans Commercial: 62% Consumer: 38% Commercial & industrial Commercial real estate Commercial leases Residential mortgage Indirect secured consumer Home equity So

  20. Slide 20: Total criticized ratio and YoY reduction favorable to peers

    20 © Fifth Third Bancorp | All Rights Reserved Total criticized ratio and YoY reduction favorable to peers Criticized asset ratio 1Q25 6.9% Criticized balances have decreased in consecutive quarters and are at the lowest level of the past 7 quarters. 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% -4.0% -

  21. Slide 21: CRE portfolio is well-positioned

    21 © Fifth Third Bancorp | All Rights Reserved CRE portfolio is well-positioned Comparing CRE portfolios relative to peers CRE loans1 / total loans Among the lowest CRE concentration relative to peers with strong credit quality CRE loans1 / total capital CRE net charge-off ratio2 As of 3/31/25 unles

  22. Slide 22: Portfolios of interest are well diversified

    22 © Fifth Third Bancorp | All Rights Reserved Portfolios of interest are well diversified, and continue to decline as a percentage of total loans Retail Rental and Leasing Financial Services TMT Wholesale Trade Manufacturing Business Services Other Industry Mix Shared National Credit portfolio $ in

  23. Slide 23: Balance sheet positioned to grow tangible book value per share

    23 © Fifth Third Bancorp | All Rights Reserved $14.83 $17.64 $18.69 $19.92 $20.49 $21.02 $21.52 $22.06 3.88% 3.88% 4.58% 4.21% 4.20% 4.30% 4.50% 4.60% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% $- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 12/31/22 12/31/23 12/31/24 3/31/25 12/31/25 12/31/2

  24. Slide 24: Current expectations unchanged from April 17, 2025 earnings call

    24 © Fifth Third Bancorp | All Rights Reserved Current expectations unchanged from April 17, 2025 earnings call Avg. loans & leases (Including HFS) Up ~1% Net interest income1 (1Q25 baseline: $1.442 billion) Up 2 - 3% assumes 6/30/25 Fed funds rate of 4.25% Noninterest income1 (1Q25 baseline: $721 m

  25. Slide 25: Why Fifth Third

    25 © Fifth Third Bancorp | All Rights Reserved Why Fifth Third Positioned to generate long-term sustainable value to shareholders despite the environment ✓ Well-diversified and resilient balance sheet to provide stability and profitability ✓ Consistent investments to generate balanced and growing re

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