Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — RBC Capital Markets Financial Institutions Conference 2024

21 slides from Fifth Third Bancorp's conference presentation, Mar 5, 2024

  1. Slide 1: RBC Capital Markets Financial Institutions Conference

    © Fifth Third Bancorp | All Rights Reserved © Fifth Third Bancorp | All Rights Reserved RBC Capital Markets Financial Institutions Conference Tim Spence Chairman, Chief Executive Officer and President March 6, 2024

  2. Slide 2: Forward-looking statements

    © Fifth Third Bancorp | All Rights Reserved 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,

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

    © Fifth Third Bancorp | All Rights Reserved Midwest footprint (branch count in white) Major FITB markets 2 with a top 5 deposit share London office Leading position in the markets we compete in 3 Key Southeast MSAs of focus Toronto office Top performing regional bank with local scale and national re

  4. Slide 4: A simple, diversified business portfolio

    © Fifth Third Bancorp | All Rights Reserved Commercial Banking Lending / Deposits / Capital Markets / Treasury Management & Payments $72B loans $61B deposits Consumer & Small Business Banking Wealth & Asset Management Business Offerings Loans / Deposits $4B loans $11B deposits $46B loans $85B deposi

  5. Slide 5: Sustaining strong profitability through the cycle

    © Fifth Third Bancorp | All Rights Reserved 55.9% Peer 2 Peer 7 X Peer 9 Peer 4 Peer 5 Peer 1 Peer 8 Peer 11 Peer 3 Peer 10 Peer 6 55.3% Peer 2 X Peer 7 Peer 8 Peer 1 Peer 9 Peer 3 Peer 4 Peer 10 Peer 5 Peer 11 Peer 6 13.8% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 X Peer 10 Pee

  6. Slide 6: Creating value for long-term shareholders

    © Fifth Third Bancorp | All Rights Reserved 1 Year 3 Year 5 Year 7 Year 10 Year 2023 2021 - 2023 2019 - 2023 2017 - 2023 2014 - 2023 1 FITB 10% FITB 40% FITB 79% Peer 5 72% Peer 2 168% 2 Peer 1 5% Peer 5 34% Peer 5 76% Peer 2 66% Peer 5 167% 3 Peer 2 3% Peer 11 24% Peer 2 58% FITB 64% FITB 127% 4 Pe

  7. Slide 7: Disciplined execution guided by core principles

    © 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 7 • Defensive balance sheet positioning • Strong credit profile • Lower CRE exposure relativ

  8. Slide 8: High-quality deposit franchise

    © Fifth Third Bancorp | All Rights Reserved 4Q22 1Q23 2Q23 3Q23 4Q23 FITB Peer Median H8 • 87% FDIC insured 1 • Debit transactions up 3% YoY • >80% of balances from clients with 5+ year tenure • Average age of household: 13 years • 1.3 million Momentum Households (~55% of total) High-quality deposit

  9. Slide 9: Well-positioned to further market share gains in high-growth Southeast

    © Fifth Third Bancorp | All Rights Reserved ~4x FITB SE household growth over total industry SE household growth 1 #6 in FITB Southeast MSAs – locations 1 257 164 101 69 5 30 Well-positioned to further market share gains in high- growth Southeast 1 Data sourced from S&P Global Market Intelligence; 2

  10. Slide 10: Diversified fee revenue to perform well in any environment

    © Fifth Third Bancorp | All Rights Reserved Diversified fee revenue to perform well in any environment • Key fee growth focus areas include Wealth & Asset Management, Treasury Management, and Capital Markets which represent ~53% of total noninterest income • Expect key fee areas to grow approximatel

  11. Slide 11: Differentiated Treasury Management business drives commercial deposit franchise growth

    © Fifth Third Bancorp | All Rights Reserved • Digitize and automate manual “order-to-cash” and “procure-to-pay” processes for clients • Expect mid-to-high single digits annual growth, reflecting acquisition of Big Data Healthcare Differentiated Treasury Management business drives commercial deposit

  12. Slide 12: CRE portfolio is well-positioned

    © Fifth Third Bancorp | All Rights Reserved 41% 37% 35% 31% 25% 22% 16% 16% 16% 15% 14% 14% 14% Peer 12 Peer 11 Peer 10 Peer 9 Peer 8 Peer 7 Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 Peer 1 x CRE portfolio is well-positioned 12 Comparing CRE portfolios relative to peers 1 Source: FR Y-9C filings; CRE inclu

  13. Slide 13: Disciplined expense management and productive labor force

    © Fifth Third Bancorp | All Rights Reserved 2.8% 5.9% x Peer average $235 $203 $191 $189 $185 $169 $165 $161 $151 $145 $143 $114 $100 Peer 1 x Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 13 Disciplined expense management and productive labor force Generating top-q

  14. Slide 14: Positioned to generate sustainable value for long-term shareholders

    © Fifth Third Bancorp | All Rights Reserved ✓ Well-diversified and resilient balance sheet to provide stability in uncertain environments ✓ Consistent investments to generate balanced and growing revenue streams while maintaining peer-leading expense discipline ✓ Multi-year track record of making ap

  15. Slide 15: Appendix

    © Fifth Third Bancorp | All Rights Reserved Appendix 15

  16. Slide 16: Well diversified commercial portfolio with a track record of resilience

    © Fifth Third Bancorp | All Rights Reserved 16 Well diversified commercial portfolio with a track record of resilience 17% 14% 12% 8%8% 7% 6% 6% 4% 4% 4% 10% Real estate Fin Services & Ins Manufacturing Business services Healthcare Wholesale trade Accommodation and food Retail trade Communication an

  17. Slide 17: Non-owner occupied CRE represents <10% of total loans

    © Fifth Third Bancorp | All Rights Reserved As of 12/31/23 Non-owner occupied CRE represents <10% of total loans 17 Office CRE portfolio stats $ billions $ balance % of total loans LTM NCO % NPLs / loans Multifamily $3.3 2.8% 0.00% 0.00% Hospitality 1.5 1.3 0.00 0.00 Retail 1.3 1.1 0.00 0.00 Office

  18. Slide 18: Conservative consumer loan portfolio concentrated in super prime borrowers and homeowners

    © Fifth Third Bancorp | All Rights Reserved 18 Conservative consumer loan portfolio highly concentrated in super prime borrowers and homeowners Additional information: • ~85% of total consumer portfolio balances represented by homeowners (U.S. homeownership rate of ~66%) • ~75% of Auto and Card bala

  19. Slide 19: Stable deposit portfolio well positioned for lower rates

    © Fifth Third Bancorp | All Rights Reserved 1 Includes deposits with a rate below 100 bps and time deposits with remaining maturity of more than 12 months; 2 Comprised of deposits with a rate between 100 – 400 bps and time deposits maturing in the next 6 – 12 months; 3 Includes deposits with a rate

  20. Slide 20: Wealth & Asset Management overview

    © Fifth Third Bancorp | All Rights Reserved $157 $120 $76 $49$49$49 $36 $24$19$18$16 $8 $3 Peer 2 Peer 1 Peer 5 Peer 7 Peer 8 Peer 3 Peer 4 Peer 9 Peer 6 Peer 11 Peer 10 Peer 12 $528 $359 $220 $172$169$149 $122$122 $92 $51 $26$6 Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10

  21. Slide 21: Strong debt capital markets growth relative to peers

    © Fifth Third Bancorp | All Rights Reserved Strong debt capital markets growth relative to peers 20% 19% 14% 14% 8% 7% 7%1% 10% Capital Markets fees overview Totals may not foot due to rounding; 1 Non-GAAP measure: see use of non-GAAP measures on pages 27-29 of the 4Q23 earnings release, excluding s

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