Fifth Third Bancorp Announces Ten Percent Increase in Quarterly Cash Dividend on its Common Stock

  Fifth Third Bancorp Announces Ten Percent Increase in Quarterly Cash
  Dividend on its Common Stock

     Board Increases Share Repurchase Authorization to 100 million shares

Business Wire

CINCINNATI -- March 19, 2013

Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its
common shares of $0.11 for the first quarter of 2013. The dividend is payable
on Thursday, April 18, 2013 to shareholders of record as of Friday, March 29,
2013. This dividend is consistent with Fifth Third’s proposed potential
dividends as submitted to the Federal Reserve in its 2012 Comprehensive
Capital Analysis & Review (“CCAR”) plan for the CCAR process covering the
period ending March 31, 2013.

Fifth Third’s 2013 CCAR plan included the potential increase in the quarterly
dividend to $0.12 per share in the second quarter of 2013 through the first
quarter of 2014. As noted last week, Fifth Third’s Board will consider the
potential to increase the dividend under the 2013 CCAR process at its
scheduled quarterly meeting in June.

Fifth Third also announced that its Board of Directors approved a new share
repurchase authorization of up to 100 million shares, which replaces the
previous authorization from 2012 under which approximately 54 million shares
remain. Fifth Third’s capital plan included potential common share repurchases
of up to $984 million through the first quarter of 2014, in addition to any
incremental repurchases related to any after-tax gains from the sale of
Vantiv, Inc. (“Vantiv”) stock.

Any capital distributions, including those contemplated in the above announced
actions, are subject to evaluation and approval by the Board of Directors at
any given time, Fifth Third’s performance, the state of the economic
environment, market conditions, regulatory factors, and other risks and
uncertainties. Fifth Third has no current information and makes no
representations as to whether, when or in what amounts there may be future
gains from the sale of Vantiv stock. The new repurchase authorization does not
have an expiration date, does not include specific price targets, may be
executed through open market purchases or one or more private negotiated
transactions, including Rule 10b5-1 programs, and may be suspended at any
time.

Fifth Third Bancorp is a diversified financial services company headquartered
in Cincinnati, Ohio. The Company has $122 billion in assets and operates 18
affiliates with 1,320 full-service Banking Centers, including 104 Bank Mart®
locations open seven days a week inside select grocery stores and 2,413 ATMs
in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third
operates four main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Investment Advisors. Fifth Third also has a 33% interest in
Vantiv Holding, LLC. Fifth Third is among the largest money managers in the
Midwest and, as of December 31, 2012, had $308 billion in assets under care,
of which it managed $27 billion for individuals, corporations and
not-for-profit organizations. Investor information and press releases can be
viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ®
National Global Select Market under the symbol "FITB."

Forward-Looking Statements

This report 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,” “is anticipated,” “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. 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 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 conditions and weakening in the economy,
specifically the real estate market, either nationally or in the states in
which Fifth Third, one or more acquired entities and/or the combined company
do business, 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 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 the separation of or the
results of operations of Vantiv, LLC from Fifth Third; (21) loss of income
from any sale or potential sale of businesses that could have an adverse
effect on Fifth Third’s earnings and future growth; (22) ability to secure
confidential information and deliver products and services through the use of
computer systems and telecommunications networks; and (23) 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.

Contact:

Fifth Third Bancorp
Investors
Jim Eglseder, 513-534-8424
Laura Wehby, 513-534-7407
or
Media
Debra DeCourcy, APR, 513-534-4153
 
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