Earnings Highlights

    For the Three Months Ended   % Change
June   March   December   September   June    
2012   2012   2011   2011   2011   Seq   Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp $385

$430
$314 $381 $337 (10 %) 14 %
Net income available to common shareholders $376

$421
$305 $373 $328 (11 %) 15 %
 
Common Share Data
Earnings per share, basic 0.41 0.46 0.33 0.41 0.36 (11 %) 14 %
Earnings per share, diluted 0.40 0.45 0.33 0.40 0.35 (11 %) 14 %
Cash dividends per common share 0.08 0.08 0.08 0.08 0.06 - 33 %
 
Financial Ratios
Return on average assets 1.32 % 1.49 % 1.08 % 1.34 % 1.22 % (11 %) 8 %
Return on average common equity 11.4 13.1 9.5 11.9 11.0 (13 %) 4 %
Return on average tangible common equity 14.1 16.2 11.9 14.9 14.0 (13 %) 1 %
Tier I capital 12.31 12.20 11.91 11.96 11.93 1 % 3 %
Tier I common equity 9.77 9.64 9.35 9.33 9.20 1 % 6 %
Net interest margin (a) 3.56 3.61 3.67 3.65 3.62 (1 %) (2 %)
Efficiency (a) 59.4 58.3 67.5 60.4 59.1 2 % 1 %
 
Common shares outstanding (in thousands) 918,913 920,056 919,804 919,779 919,818 - -
Average common shares outstanding (in thousands):
Basic 913,541 915,226 914,997 914,947 914,601 - -
Diluted 954,622 957,416 956,349 955,490 955,478 - -
 
(a) Presented on a fully taxable equivalent basis
  The percentages in all of the tables in this earning release are calculated on actual dollar amounts not the rounded dollar amounts.

“Earnings trends remained positive in the second quarter of 2012. Results came in better than we had anticipated and followed a very strong first quarter,” said Kevin Kabat, President and CEO of Fifth Third Bancorp. “Mortgage results remained strong. Our capabilities and strength of market position has enabled us to capture significant business as we assist our customers in taking advantage of historically low interest rates. Card and processing revenue was up 9 percent sequentially, and corporate banking revenue increased 5 percent sequentially as loan production and ancillary business volume remained healthy during the quarter.

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