Fifth Third Bank | All Rights Reserved 3Q16 Earnings Presentation October 20, 2016 Refer to earnings release dated October 20, 2016 for further information. Exhibit 99.2 |
2 Fifth Third Bank | All Rights Reserved Cautionary statement This presentation should be viewed in conjunction with the webcast presentation of our third quarter earnings call on October 20, 2016 and Form 8-K filed on October 20, 2016. This release 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 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “anticipates,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated from time to time by our Quarterly Reports on Form 10-Q. When considering these forward- looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. 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. There is a risk that additional information may become known during the company’s quarterly closing process or as a result of subsequent events that could affect the accuracy of the statements and financial information contained herein. There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) general economic or real estate market conditions, either nationally or in the states in which Fifth Third, one or more acquired entities and/or the combined company do business, weaken or are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) maintaining capital requirements and adequate sources of funding and liquidity may limit Fifth Third’s operations and potential growth; (8) changes and trends in capital markets; (9) problems encountered by larger or similar financial institutions may adversely affect the banking industry and/or Fifth Third; (10) competitive pressures among depository institutions increase significantly; (11) effects of critical accounting policies and judgments; (12) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (13) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, one or more acquired entities and/or the combined company or the businesses in which Fifth Third, one or more acquired entities and/or the combined company are engaged, including the Dodd-Frank Wall Street Reform and Consumer Protection Act; (14) ability to maintain favorable ratings from rating agencies; (15) fluctuation of Fifth Third’s stock price; (16) ability to attract and retain key personnel; (17) ability to receive dividends from its subsidiaries; (18) potentially dilutive effect of future acquisitions on current shareholders’ ownership of Fifth Third; (19) effects of accounting or financial results of one or more acquired entities; (20) difficulties from Fifth Third’s investment in, relationship with, and nature of the operations of Vantiv, LLC; (21) loss of income from any sale or potential sale of businesses; (22) difficulties in separating the operations of any branches or other assets divested; (23) losses or adverse impacts on the carrying values of branches and long-lived assets in connection with their sales or anticipated sales; (24) inability to achieve expected benefits from branch consolidations and planned sales within desired timeframes, if at all; (25) ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; and (26) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity. 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. In this presentation, we may sometimes provide non-GAAP financial information. Please note that although non-GAAP financial measures provide useful insight to analysts, investors and regulators, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures. We provide GAAP reconciliations for non-GAAP measures in a later slide in this presentation as well as in our earnings release, both of which are . available in the investor relations section of our website, www.53.com. |
3 Fifth Third Bank | All Rights Reserved • NII increased $5MM sequentially while NIM remained stable at 2.88% 1 • Reported noninterest income up 40% sequentially primarily driven by Vantiv TRA-related items • Stable underlying fee revenue • Adjusted 1 : down 1% sequentially primarily due to the change in MSR valuation adjustments • Tightly controlled operating expenses • Reported noninterest expenses down $10 million sequentially • Adjusted 1 expenses down 1% sequentially • Strategic investments on-track • Overall credit conditions benign and in-line with expectations Third Quarter 2016 Highlights Earnings Per Share Reported $0.65 Included $0.22 net positive impact from certain items Net Income to Common $501 million LCR 115% 1 Non-GAAP measure: see Reg G reconciliation on page 23 of this presentation and use of non-GAAP measures on page 33 of the earnings release 2 See page 4 of this presentation for impact of certain items 2 |
4 Fifth Third Bank | All Rights Reserved 3Q16 in review 1 Excludes loans held-for-sale 2 Non-GAAP measure: see Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 33 of the earnings release Significant pre-tax items in 3Q16 results ($0.22 net positive after-tax EPS impact): — $280MM pre-tax (~$182MM after-tax) gain from the termination and settlement of gross cash flows from Vantiv TRA — $28MM pre-tax (~$18MM after-tax) non-cash impairment charge related to previously announced changes to the branch network — $12MM pre-tax (~$8MM after-tax) charge related to the Visa total return swap — $11MM pre-tax (~$7MM after-tax) gain on the sale of a non-branch facility — $9MM pre-tax (~$6MM after-tax) charge from the transfer of certain nonconforming investments affected by the Volcker Rule to held-for-sale — $8MM beneficial tax impact in connection with certain commercial lease terminations Core businesses showed solid results given challenging market conditions — Mortgage origination volumes up 7% QoQ Credit trends — NCO ratio of 45 bps; up 8 bps sequentially — NPA ratio of 73 bps; down 13 bps sequentially |
5 $93.4 $93.6 $93.3 $93.9 $93.5 70 75 80 85 90 95 3Q15 4Q15 1Q16 2Q16 3Q16 Balance sheet HFI Loan balances ($B) • Average commercial loans down 1% sequentially; up 1% year-over-year – C&I down 2%, CRE up 3% sequentially – C&I flat, CRE up 7% YoY • Average consumer loans flat sequentially; down 2% year-over-year – Automobile loans decreased 3% sequentially and 12% YoY $94.7 $95.7 $94.7 $94.9 $94.9 95% 94% 94% 95% 95% 80% 85% 90% 95% 100% 65 70 75 80 85 90 95 100 3Q15 4Q15 1Q16 2Q16 2Q16 • Average transaction deposits were flat sequentially, driven by lower savings & interest checking, partially offset by higher money market account balances – Excl. Pennsylvania and St. Louis deposits sold, core deposits were flat sequentially and up 1% YoY • Average loan to core deposit ratio of 95% • LCR of 115% at 3Q16 Core and transaction deposits flat YoY Average core deposit balances ($B) $98.9 $98.7 Average securities and short-term investments ($B) • Average securities up $1.5B year-over- year driven by: – LCR requirement additions – Positioning to maintain steady and cautious interest rate risk strategy • Average securities portfolio / total assets of 20.9% compared to 20.1% in 3Q15 $31.6 $32.0 $30.1 $31.3 Note: Numbers may not sum due to rounding. $28.3 $29.0 $29.7 $30.1 $29.8 0 5 10 15 20 25 30 35 3Q15 4Q15 1Q16 2Q16 3Q16 $31.7 Outlook: 1% FY 2016 loan growth (ex. HFS) Continuing to maintain pricing discipline Avg flat YoY Average securities Short-term investments Transaction deposits Other time deposits Loan to core deposit ratio Fifth Third Bank | All Rights Reserved |
6 Fifth Third Bank | All Rights Reserved • Sequential comparisons: – NII increase driven by improving investment portfolio yields, an increase in 1-month LIBOR, and day count, partially offset by the full quarter impact of $1.25 billion of unsecured debt issued in 2Q16 and lower average C&I loan balances – NIM stable from previous quarter, as the impact of higher yielding investments and an increase in 1-month LIBOR were offset by the full quarter impact of the debt issuance and day count • Year-over-year comparisons: – NII increase primarily driven by the impact of higher investment securities balances, as well as short-term market rate improvements from the December 2015 Fed funds rate increase – NIM decrease primarily driven by an increase in long-term debt, lower commercial loan yields, and a decrease in cash flow hedges, partially offset by the December 2015 Fed funds rate increase Net interest income Outlook: FY NII up 2% and NIM up 1 bp from 2015; Q4 NII down slightly and NIM to remain stable or down 1 bp Assumes no rate increases in 2016 1 Non-GAAP measure: see Reg G reconciliation on page 23 of this presentation and use of non-GAAP measures on page 33 of the earnings release |
7 Fifth Third Bank | All Rights Reserved Outlook: 5% annual fee growth 2 Noninterest income 1 Non-GAAP measure; see Reg G reconciliation on page 23 of this presentation and use of non-GAAP measures on page 33 of the earnings release 2 2015 excludes a $704MM benefit from gains on Vantiv share sales and warrant actions, warrant valuation adjustments, and the TRA settlement. 2016 excludes a $344MM benefit from Vantiv warrant valuation adjustments and the TRA settlement, a $61MM detriment from the Visa total return swap adjustments, $19MM in gains on sales of certain branches, and a $28MM impairment charge related to branch closures and consolidations • Sequentially, adjusted noninterest income 1 down $6 million, or 1 percent, primarily due to: – The change in net mortgage servicing rights (MSR) valuation adjustments – Corporate banking revenue from lower syndication revenue and foreign exchange fees • Year-over-year adjusted noninterest income 1 up $5 million, or 1 percent, primarily due to: – Increases in corporate banking revenue and card and processing revenue |
8 Fifth Third Bank | All Rights Reserved Noninterest expense • Adjusted expenses down 1% sequentially, primarily due to: – Decrease in compensation-related expenses due to the previously disclosed review of business units and staff functions, as well as reduced card and processing expense • Adjusted expenses up 3% YoY, primarily due to: – Personnel additions in risk and compliance and information technology and the change for provision for unfunded commitments, partially offset by a decrease in card and processing expense primarily due to contract renegotiations Note: Provision for unfunded commitments was an expense of $11MM in 3Q16, $7MM in 2Q16, $6MM in 3Q15, $4MM in 4Q15, and $2MM in 3Q15 1 Non-GAAP measure; see Reg G reconciliation on page 23 of this presentation and use of non-GAAP measures on page 33 of the earnings release Outlook: < 4% annual growth 1 1 |
9 Fifth Third Bank | All Rights Reserved 46 46 42 41 44 34 54 46 63 $188 $80 $96 $87 $107 $0 $25 $50 $75 $100 $125 $150 $175 $200 3Q15 4Q15 1Q16 2Q16 3Q16 Net charge-offs ($MM) Consumer Commercial 0.80% 0.34% 0.42% 0.37% 0.45% Credit quality overview NCO ratio HFI Non-performing assets ($MM) 1 Charge-off related to restructuring of a student loan backed commercial credit originally extended in 2007 • 3Q16 charge-offs up 8 bps from 2Q16 – Includes $22MM increase in C&I loan NCOs • 3Q16 portfolio NPA decrease of $122MM from 2Q16 – Broad-based improvement in commercial portfolio NPAs • 3Q16 reserve of 1.37% down 1 bp sequentially Outlook: NCOs range-bound around recently observed levels (ex. student loan credit from 3Q15) with some quarterly variability; provision reflective of loan growth NPA ratio 0.65% 0.70% 0.88% 0.86% 0.73% 102 1 40 |
10 Fifth Third Bank | All Rights Reserved Strong capital and liquidity position 1 Current period regulatory capital ratios are estimated Capital Update CET1 remained strong at 10.16%, up 22 bps sequentially and 76 bps from 3Q15 Tier I risk-based capital 11.26%; Total risk-based capital ratio 14.87%; Leverage ratio 9.80% $240MM accelerated share repurchase transaction on August 5, 2016 retiring 10.98MM shares — Includes CCAR repurchases as well as 3Q16 after-tax cash flows realized from Vantiv termination and settlement Liquidity Update Bancorp LCR of 115% at 3Q16 1 |
11 Fifth Third Bank | All Rights Reserved Average loans & leases (excl. HFS) Net interest income (FTE) 1 Net interest margin (FTE) 1 Noninterest income 2 Noninterest expense Effective tax rate Net charge-offs Loan loss provision Category Fifth Third: current outlook As of October 20, 2016 1 Non-GAAP measure; See Reg G reconciliation on page 23 of this presentation and use of non-GAAP measures on page 33 of the earnings release 2 2015 excludes a $704MM benefit from gains on Vantiv share sales and warrant actions, warrant valuation adjustments, and the TRA settlement. 2016 excludes a $344MM benefit from Vantiv warrant valuation adjustments and the TRA settlement, a $61MM detriment from the Visa total return swap adjustments, $19MM in gains on sales of certain branches, and a $28MM impairment charge related to branch closures and consolidations Note: Previous and current outlook excludes potential, but currently unforecasted, items, such as any potential additional Vantiv gains or losses, future capital actions, or changes in regulatory or accounting guidance. Outlook as of October 20, 2016; please see cautionary statement on slide 2 regarding forward-looking statements FY16: average total loan growth of 1% FY16: 2% growth; 4Q16 down slightly FY16: up 1 bp; 4Q16 stable to down 1 bp from 3Q16 FY16: 5% growth FY16: < 4% growth 4Q16: 23.5% - 24.5% range Range-bound with quarterly variability To be reflective of loan growth |
12 Fifth Third Bank | All Rights Reserved Appendix |
13 Fifth Third Bank | All Rights Reserved Pre-tax pre-provision earnings and efficiency ratio trend 1 Non-GAAP measures: see Reg G reconciliation on page 23 of this presentation and use of non-GAAP measures on page 33 of the earnings release 2 Prior quarters include similar adjustments. Adjusted PPNR up 1% sequentially – Due to increases in net interest income and service charges on deposits Adjusted PPNR down 4% YoY – Driven by personnel expenses and changes in net MSR valuation adjustments PPNR reconciliation 1 |
14 $250 $500 $500 $500 $1,100 $2,312 $0 $500 $1,000 $1,500 $2,000 $2,500 2016¹ 2017 2018 2019 2020 2021 on Fifth Third Bancorp Fifth Third Capital Trust (Bancorp) $1,750 $650 $1,850 $2,600 $2,850 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 2016 2017 2018 2019 2020 2021 On Fifth Third Bank Available and contingent borrowing capacity (3Q16): – FHLB ~$11.5B available, ~$14.9B total – Federal Reserve ~$25.5B Holding Company: Bancorp LCR of 115% at 9/30/16 Holding Company cash at 9/30/16: $2.3B Cash currently sufficient to satisfy all fixed obligations in a stressed environment for ~20 months (debt maturities, common and preferred dividends, interest and other expenses) without accessing capital markets; relying on dividends from subsidiaries or any other discretionary actions Bank Entity: No long-term debt maturities in 3Q16. During the quarter the Bank delivered notice of redemption of $1.75B of senior notes to be redeemed on 10/19/16. These notes had an original maturity date of 11/18/16 Also during the quarter the Bank issued $1.0B of 3-year senior debt in two tranches - $750MM fixed and $250MM of floating rate securities 2016 Funding Plans: As of 9/30/16, Fifth Third has completed the refinancing of all 2016 debt maturities and believes these actions are sufficient to satisfy Moody’s LGF methodology Holding company unsecured debt maturities ($MM) Bank unsecured debt maturities ($MM – excl. Retail Brokered & Institutional CDs) Heavily core funded as of 9/30/16 Strong liquidity profile 1 Represents remaining debt maturities in 2016. 1 Fifth Third Bank | All Rights Reserved S-T wholesale 4% |
15 Fifth Third Bank | All Rights Reserved Balance sheet positioning Commercial Loans 1,2 Investment Portfolio Consumer Loans 1 Note: All data as of 9/30/16 1 Includes HFS Loans & Leases 2 Fifth Third had $4.48BN 1ML receive-fix swaps outstanding against C&I loans, which are now being included in fixed 3 Fifth Third had $3.46BN 3ML receive-fix swaps outstanding against long term debt, which are now being included in floating • Fixed: $14.3B 1, 2 • Float: $43.3B 1, 2 • 1ML based: 61% (of total commercial) • 3ML based: 8% (of total commercial) • 6ML based: 1% (of total commercial) • Prime based: 5% (of total commercial) • Weighted Avg. Life: 1.78 years • 48% allocation to bullet/locked-out cash flow securities • Investment portfolio yield: 3.18% • Duration: 4 years • Net unrealized pre-tax gain: $1.2B • 98% AFS • Fixed: $26.5B 1 • Float: $10.2B 1 • 12ML based: 4% (of total consumer) • Prime based: 24% (of total consumer) • Weighted Avg. Life: 3.32 years • Avg. duration of Auto book: 1.30 years Long Term Debt 3 Key Characteristics Balance Sheet Mix Fixed vs. Floating Level 1 100% Fix / 0% Float Level 2A 100% Fix / 0% Float Non-HQLA 75% Fix / 25% Float C&I 20% Fix / 80% Float Commercial Mortgage 24% Fix / 76% Float 4% Fix / 96% Float Commercial Construction 100% Fix / 0% Float Commercial Lease Resi Mtg & Construction 90% Fix / 10% Float Auto 100% Fix / 0% Float 10% Fix / 90% Float Home Equity 30% Fix / 70% Float Credit Card 100% Fix / 0% Float Other • Fixed: $11.8B 3 • Float: $5.1B 3 • 1ML based: <1% (of total long term debt) • 3ML based: 30% (of total long term debt) • Weighted Avg. Life: 4.59 years Senior Debt 30% Fix / 70% Float Sub Debt 94% Fix / 6% Float 96% Fix / 4% Float Auto Securiz. Proceeds 0% Fix / 100% Float TRUPS 100% Fix / 0% Float Other 35% 46% 19% 74% 12% 7% 7% 21% 28% 2% 6% 43% 65% 25% 8% <1% 15 Fifth Third Bank | All Rights Reserved |
16 Fifth Third Bank | All Rights Reserved Interest rate risk management Note: Data as of 9/30/16 1. Actual results may vary from these simulated results due to differences between forecasted and actual balance sheet composition, timing, magnitude, and frequency of interest rate changes, as well as other changes in market conditions and management strategies. 2. Re-pricing percentage or “beta” is the estimated change in yield over 12 months as a result of a shock or ramp 100 bps parallel shift in the yield curve • NII benefits from asset rate reset in a rising rate environment – 57% of total loans are floating rate (75% of commercial considering impacts of interest rate swaps and 28% of consumer) – Investment portfolio duration of 4 years – Short-term wholesale funding represents approximately 12% of total wholesale funding, or 2% of total funding – Approximately $12B in non-core funding matures beyond one year • Interest rate sensitivity tables are based on conservative deposit assumptions – 70% beta on all interest-bearing deposit and sweep balances (~50% betas experienced in 2004 – 2006 Fed tightening cycle) – No modeled re-pricing lag – Modeled non-interest bearing commercial DDA runoff of approximately $2.5B (about 10%) for each 100 bps increase in rates – DDA runoff rolls into an interest bearing product with a 100% beta |
17 Fifth Third Bank | All Rights Reserved Mortgage banking results • $2.9B in originations; 51% purchase volume • 3Q16 mortgage drivers: – Origination fees and gain on sale revenue up $7MM, or 13%, sequentially – Gain on sale margin up 39 bps sequentially – MSR valuation adjustments of negative $9MM; servicing rights amortization of ($35MM) – $49MM in gross servicing fees • YoY decline in mortgage banking revenue driven primarily by changes in the net MSR valuation adjustments; revenue up 19% excluding MSR valuation adjustments 1 Gain on sale margin represents gains on all loans originated for sale. 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 3Q15 4Q15 1Q16 2Q16 3Q16 Mortgage originations and gain on sale margin Originations for sale Originations HFI Margin 1 46 37 42 54 61 54 53 52 50 49 (37) (29) (27) (35) (35) 8 13 11 6 (9) 3Q15 4Q15 1Q16 2Q16 3Q16 Mortgage Banking Revenue ($MM) Orig fees and gains on loan sales Gross servicing fees Servicing rights amortization MSR valuation adjustments 1 |
18 Fifth Third Bank | All Rights Reserved $116 $34 $41 $163 $0 $50 $100 $150 $200 $250 $300 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 ~$1 $331MM 3Q16 termination and settlement of estimated $331MM gross cash flows expected to be payable to Fifth Third from 2019 – 2035 in exchange for a $116MM payment; $116MM pre-tax gain realized by Fifth Third in 3Q16 $75MM Existing annual TRA payments expected to be recognized in 4Q16 and 4Q17 are not impacted $394MM Agreement to terminate and settle estimated $394MM remaining gross cash flows expected to be payable to Fifth Third from 2019-2035 in exchange for expected payments from exercises of quarterly options starting in 1Q17 through 4Q18 totaling $171MM pre-tax; resulted in 3Q16 $163MM pre-tax gain and corresponding receivable on Fifth Third’s balance sheet Estimated potential GAAP income recognition (within noninterest income) ($s in millions; pre-tax) $116 $15 $16 $16 $17 $26 $26 $27 $28 $34 $41 $0 $25 $50 $75 $100 $125 $150 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 Estimated TRA cash flows 1,2 ($s in millions; pre-tax) Continued monetization of Vantiv 1 Options can either be executed by Vantiv or Fifth Third and generate payments to Fifth Third. Projections assume put/call options are exercised every quarter. 2 Fifth Third received a “non-objection” from the Federal Reserve for the ability to repurchase shares in the amount of any realized after-tax gains from the termination and settlement of any portion of the tax receivable agreement with Vantiv. This excludes the estimated existing annual TRA payment of $34 million in 1Q17 and $41 million in 1Q18. 3 Based on the analysis performed by Vantiv, Inc. disclosed in its second quarter Form 10-Q. Continue to have additional potential TRA gross cash flows, based on additional share sales, of $1.2 billion ~$800MM expected gross cash flows from existing TRA monetized in 3Q16 ~$1 ~$1 ~$1 ~$1 ~$1 ~$1 ~$1 ~$1 Realized in 3Q16 Recognized in 3Q16 3 1 1 |
19 Fifth Third Bank | All Rights Reserved Limited UK and other European exposure Note: As of 9/30/16; Data above includes the Bancorp’s exposure to all European domiciled and U.S. subsidiaries of European businesses as well as European financial institutions. 1 Total exposure includes funded and unfunded commitments, net of collateral; funded exposure excludes unfunded exposure 2 Peripheral Europe includes Greece, Ireland, Italy, Portugal and Spain 3 Eurozone includes countries participating in the European common currency (Euro) 4 Other Europe includes European countries not part of the Euro (primarily Switzerland and Norway) 5 Current period regulatory capital data is estimated. • Fifth Third continues to monitor developments in Europe • Portfolio well diversified, primarily global public businesses with solid credit quality (probability of default rating in-line with overall Commercial portfolio) • Exposure primarily related to trade finance and financing activities of U.S. companies with foreign parent or overseas activities of U.S. customers • Direct UK exposure represents 6.5% of CET1 5 • No sovereign exposures • $1.5B in funded European exposure represents less than 2% of total loan portfolio • Funded European exposure down 15% since 2Q16; peripheral Europe down 64% |
20 Fifth Third Bank | All Rights Reserved NPL rollforward |
Credit trends Residential Mortgage Commercial & Industrial Home Equity & Automobile Commercial Real Estate * Excludes loans held-for-sale. 21 Fifth Third Bank | All Rights Reserved |
22 Fifth Third Bank | All Rights Reserved Regulation G Non-GAAP reconciliation See page 33 of the earnings release for a discussion on the use of non-GAAP financial measures. |
23 Fifth Third Bank | All Rights Reserved Regulation G Non-GAAP reconciliation See page 33 of the earnings release for a discussion on the use of non-GAAP financial measures. |