Cautionary statement You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or "SEC," for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We expressly disclaim any obligation or undertaking to r ...

25 Fifth Third Bancorp As a result of the Tailoring Rules, the Bancorp, as a Category IV banking organization, is now exempt from the liquidity coverage ratio requirement, but remains subject to internal liquidity stress tests and standards. In March 2020, the FRB issued a final rule amending regulatory capital rules, capital plan rules and stress test rules. Under the final rule, the capital conservation buffer was replaced with a stress capital buffer requirement. During each supervisory stress testing cy ...

Established sustainability office Leading comprehensive environmental, social and governance strategy, which includes the Bank's climate strategy and sustainable finance initiatives Acquisition of Dividend Finance A leading fintech point-of-sale (POS) lender, providing financing solutions for residential renewable energy and sustainability-focused home improvement $20 minimum wage per hour Effective July 2022, increase from $18 per hour since 2019 Expanded operational sustainability goals Announced six new ...

Financial Data and Key Metrics - The company expects the full-year 2023 net interest margin (NIM) to increase by approximately five basis points compared to the fourth quarter of 2022 NIM [1] - Net interest income (NII) in the first quarter is expected to decline by 1% to 2% sequentially due to a lower day count and stable loan balances [1] - Full-year adjusted non-interest expense is projected to increase by 4% to 5% compared to 2022, driven by FDIC insurance assessment rate changes, mark-to-market impacts, and the full-year expense impact of Dividend Finance [2] - The company achieved a full-year adjusted efficiency ratio of 56%, with the fourth quarter adjusted efficiency ratio below 52% [69] - Fourth-quarter PPNR grew 12% sequentially and 40% year-over-year, with net interest income reaching a record $1.6 billion, up 5% sequentially and 32% year-over-year [69] Business Line Performance - The commercial loan portfolio is expected to grow in the mid-single digits in 2023, with strong production in energy (including renewables) and healthcare (led by Provide) [92] - Consumer loan growth is expected to be modest, driven by Dividend Finance and home equity, offset by declines in auto and mortgage loans [114] - Dividend Finance is expected to generate over $200 million in gross income growth in 2023, with originations projected at $4.5 billion, heavily weighted toward solar (90%) [163] - The company's treasury management business is performing well, providing significant deposit support and growth [21] Market Performance - The Southeast market is a key growth driver, with consumer deposits growing over 6% in 2022 and plans to add 30 to 35 new branches in 2023 [126][134] - Commercial real estate performance remains stable, with multifamily and industrial sectors showing strong demand, while office space faces some pressure due to declining occupancy and lease rates [177][38] Strategic Direction and Industry Competition - The company is focused on long-term value creation through strong PPNR growth, disciplined credit risk management, and strategic investments in technology and digital transformation [3][66] - Investments in FinTech platforms like Dividend Finance and Provide have positioned the company as a market leader, with Dividend ranking third and Provide ranking second in their respective markets [66] - The company is leveraging its strong deposit franchise, investment portfolio positioning, and fixed-rate lending capabilities to deliver stable NII through various rate environments [112] Management Commentary on Operating Environment and Future Outlook - Management anticipates a shallow recession but believes the banking sector, particularly Fifth Third, is well-positioned due to derisking efforts over the past decade [14] - The company expects continued deposit competition, with total interest-bearing deposit costs projected to increase in the first half of 2023 before stabilizing around 2% in the second half [95] - Management is cautious about the Fed's ability to lower rates quickly and emphasizes the need to position the balance sheet for tepid growth and higher rates over the next three to five years [8] Other Important Information - The company's CET1 ratio increased to 9.3% in the fourth quarter, with plans to maintain a 9.25% CET1 ratio in 2023 and resume share repurchases totaling approximately $1 billion [81] - The allowance for credit losses (ACL) increased by $112 million in the fourth quarter, primarily due to loan growth, with Dividend Finance contributing $96 million to the build [84] - The company expects first-quarter adjusted non-interest expenses to increase by 6% to 7% sequentially, driven by seasonal factors, but excluding these, expenses are expected to decline by 2% [115] Q&A Summary Question: Outlook on loan loss reserves and commercial customer sentiment [136] - Management does not foresee a significant downturn in the second half of the year, citing optimism among manufacturing clients regarding raw material costs and supply chain improvements [137] - Labor costs and availability remain challenges, with businesses looking to pass on rising debt service costs over the next 18 to 24 months [97] Question: AOCI accretion and securities portfolio yields [138] - The AOCI earns back approximately $1 billion of TCE per year, with significant improvement in the first 19 days of January due to lower 10-year rates [9] - The securities portfolio is expected to yield around 3.05% on average for the year, with new investments entering at approximately 4.75% [138] Question: Recession outlook and reserve assumptions [140] - Management anticipates a shallow recession but emphasizes the uncertainty around the duration and recovery trajectory, with unemployment potentially peaking at 4.2% in the baseline scenario [149] Question: NII guidance and securities portfolio management [148] - The company's NII guidance reflects years of balance sheet positioning, including fixed-rate loan origination platforms and $15 billion in received fixed swaps, providing downside protection [36] Question: Fee income trajectory and capital markets recovery [147] - Fee income is expected to remain relatively stable, with growth in treasury management, wealth management, and capital markets fees offsetting headwinds from higher earnings credit rates [156] Question: Credit trends in commercial real estate and home equity [185] - Commercial real estate delinquencies remain low, with office space being the primary area of concern due to declining occupancy and lease rates [38] - Home equity delinquencies are seasonal, with no significant credit quality concerns, and the portfolio is expected to normalize over time [167] Question: Dividend Finance growth and loss rate assumptions [176] - Dividend Finance is expected to generate $4.5 billion in originations in 2023, with loss rates modeled at 125 basis points annually over an eight-year life [173]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 Commission File Number 001-33653 (Exact name of Registrant as specified in its charter) Ohio 31-0854434 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification Number) 38 Fountain Square Plaza Cincinnati, Ohio 45263 (Address of princip ...

Fifth Third Bancorp. (NASDAQ:FITB) Q3 2022 Earnings Conference Call October 20, 2022 9:00 AM ET Company Participants Chris Doll - Director-Investor Relations Tim Spence - President and Chief Executive Officer​ Jamie Leonard - Chief Financial Officer Bryan Preston - Treasurer Richard Stein - Chief Credit Officer Conference Call Participants Robert Siefers - Piper Sandler John Pancari - Evercore Michael Mayo - Wells Fargo Betsy Graseck - Morgan Stanley Kenneth Usdin - Jefferies Erika Najarian - UBS Matthew O' ...

| --- | --- | |----------------------|------------------------------------------------| | | | | | | | | | | | | | October 20 th , 2022 | Fifth Third Bancorp 3Q22 Earnings Presentation | © Fifth Third Bancorp | All Rights Reserved © Fifth Third Bancorp | All Rights Reserved Cautionary statement 2 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 21 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 Commission File Number 001-33653 (Exact name of Registrant as specified in its charter) Ohio 31-0854434 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification Number) 38 Fountain Square Plaza Cincinnati, Ohio 45263 (Address of principal ex ...

Fifth Third Bancorp 2Q22 Earnings Presentation July 21st, 2022 Refer to earnings release dated July 21st, 2022 for further information. 1 © Fifth Third Bancorp | All Rights Reserved Classification: Internal Use 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 3b ...

Fifth Third Bancorp (NASDAQ:FITB) Q2 2022 Earnings Conference Call July 21, 2022 9:00 AM ET Company Participants Chris Doll – Director-Investor Relations Tim Spence – President and Chief Executive Officer​ Jamie Leonard – Chief Financial Officer Bryan Preston – Treasurer Richard Stein – Chief Credit Officer Conference Call Participants Betsy Graseck – Morgan Stanley Gerard Cassidy – RBC Capital Markets John Pancari – Evercore ISI Ken Usdin – Jefferies Mike Mayo – Wells Fargo Securities Erika Najarian – Bank ...