Fifth Third Bancorp at Barclays Global Financial Services Conference Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Jason Goldberg - Barclays Services Corp - Analyst : That was a very important in seven minutes.

Question: Jason Goldberg - Barclays Services Corp - Analyst : So a lot in there. Let's maybe start with the asset impairment you announced last night. I know you just talked about -- one of the things you mentioned on the one that this was an isolated incident. I guess, what gives you confidence to say that? Maybe just talk more broadly about your asset-based financing business.

Question: Jason Goldberg - Barclays Services Corp - Analyst : I guess when you look back, was this a client selection issue or a collateral management issue, I guess?

Question: Jason Goldberg - Barclays Services Corp - Analyst : I guess, maybe, I guess, what steps are you taking to make sure this doesn't happen again?

Question: Jason Goldberg - Barclays Services Corp - Analyst : Got it. And then I guess you put up the slide with the third quarter provision guidance, if I do some quick math, it looks like your provision ex to fraud would have been like $50 million this quarter after being like $175 million in the last three quarters. So that would have been a decent like reserve relief, I would suspect. I guess can you help us reconcile that?

Question: Jason Goldberg - Barclays Services Corp - Analyst : Got it. And then maybe just maybe shifting gears to direct express. It was interest. It was going from a small bank to a very big bank, and now it's ending up as we call it, a super regional bank.

Question: Jason Goldberg - Barclays Services Corp - Analyst : Fair enough, fair enough. I guess maybe face it this way. Treasury ultimately gave it to you, I guess, why?

Question: Jason Goldberg - Barclays Services Corp - Analyst : Yes. And I guess you mentioned issuing new cards in the beginning of next year. There's like, I guess, $3.8 billion of deposits kind of currently on that program. How does that get from the other provider to Fifth Third? How does that work? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2025 / 11:30AM, FITB.OQ - Fifth Third Bancorp at Barclays Global Financial Services Conference

Question: Jason Goldberg - Barclays Services Corp - Analyst : Got it. I guess that process starts in mid -- you said 2026?

Question: Jason Goldberg - Barclays Services Corp - Analyst : How long do you think it typically?

Question: Jason Goldberg - Barclays Services Corp - Analyst : As presumably get like, call it, approaching $4 billion of noninterest-bearing deposits onto the balance sheet. I guess, how do you think about deploying that over time?

Question: Jason Goldberg - Barclays Services Corp - Analyst : Got it. I guess, Bryan, you mentioned loan growth. I guess kind of looking at the results to the kind of lag last quarter. This quarter flat to up 1%. Maybe just talk to some of the puts and takes and maybe that number is file a bit lower than some others that have spoken.

Question: Jason Goldberg - Barclays Services Corp - Analyst : Fair enough. I think we jumped into it. It's got to put the first ARS question. And then I guess just maybe on deposits. I guess you guys don't have to guide the deposits, but maybe just talk to in terms of what you're seeing in the quarter, in terms of rate mix or balance mix rate paid that presumably cut next week, you guys have typically had a decent beta. Maybe just talk to your expectations there? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2025 / 11:30AM, FITB.OQ - Fifth Third Bancorp at Barclays Global Financial Services Conference

Question: Jason Goldberg - Barclays Services Corp - Analyst : Got it. And maybe put up the next ARS question. But I guess you kind of reiterated your NII guide, at least for the third quarter. Maybe just talk to just how you're thinking about NII and NIM as we kind of finish up this year and kind of maybe what are some of the puts and takes as you start to think about next year?

Question: Jason Goldberg - Barclays Services Corp - Analyst : Looks like the audience was listening to your 320 comment on the earnings call.

Question: Jason Goldberg - Barclays Services Corp - Analyst : I guess maybe shifting gears to fee income. You had a nice guy up for the third quarter. Maybe just kind of delve into kind of what's driving that. And then I think your full year guide was only up modestly. So I guess any thoughts on kind of how the full year is going to pan out.

Question: Jason Goldberg - Barclays Services Corp - Analyst : Let me put up the next ARS question while we turn to expenses. But I guess other banks at this conference have kind of guided up on fee income as well, but they have also kind of guided up on expenses. You kind of guide up on fee income, but are kind of keeping the expense guide unchanged. Maybe just talk to kind of the ability to kind of manage costs nearer term? And then as you kind of think about the 2026 operating budget, how are you approaching the cost guidance? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2025 / 11:30AM, FITB.OQ - Fifth Third Bancorp at Barclays Global Financial Services Conference

Question: Jason Goldberg - Barclays Services Corp - Analyst : Got it. And the lean end of terms year-over-year comparisons, I mean, you think about the midpoint of the guide that we've updated for the third quarter, that's 300 it implies 300 basis points of year-over-year positive operating leverage quarter. We're delivering good outcomes. We're going to stay focused on expenses in terms of being rational with how we think about getting efficiencies out of our company. But we're going to continue to invest in the company as well. And we see opportunities there returns and deliver growth at a faster rate.

Question: Jason Goldberg - Barclays Services Corp - Analyst : Got it. And then just on the capital front, you said $300 million ARS.

Question: Jason Goldberg - Barclays Services Corp - Analyst : Well, this is ARS accelerated share buyback. I guess, how do you -- how should we think about just buybacks in the future in capital management in general?

Question: Jason Goldberg - Barclays Services Corp - Analyst : And then maybe in terms of another use of capital of the acquisitions, maybe we'll talk nonbank acquisitions first. You mentioned the DTS Comex acquisition. I guess what else do you think you need less out there? Kind of what are you looking for in the non-bank space?

Question: Jason Goldberg - Barclays Services Corp - Analyst : Makes sense. And then I guess maybe shifting gears to the bank M&A front. There's certainly been more transactions announced, more chat in the marketplace. You guys have done well, have a strong currency, don't put a deck out over the summer, having with some interesting math. Just maybe talk to your appetite for bank acquisitions.

Question: Jason Goldberg - Barclays Services Corp - Analyst : Fair enough. And then I guess, Tim, you talked about -- a little bit about Staple coin and I guess, the new announcements with Circle and Fireblocks. It's something we kind of struggle with in terms of how this all pans out. You have had nice tech background. Ultimately, I guess, what -- do you see kind of a use for stable coin? And does it disrupt the banking industry as some concerns? And just love to hear your thoughts.