Strong market position in the Midwest and select Southeastern metropolitan areas Solid earnings platform, reflecting the bank's good business diversity Significant unrecognized value from partial ownership of Vantiv Holding LLC Historically weak asset quality, which has led to elevated restructured loans Relatively large portfolio of shared national credits Below-average earnings quality The stable outlook on Fifth Third Bancorp reflects S&P Global Ratings' expectation that the institution's diverse business activities will continue to generate solid pretax preprovision (PTPP) earnings. In addition, we expect that Fifth Third's asset quality will remain good, with slowly declining adjusted nonperforming assets (NPAs; including restructured loans and loans 90 days past due and still accruing) and net charge-offs (NCOs) of less than 60 basis points (bps)
