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Key Financial Data $ millions for all balance sheet and income statement items 5/3 FIFTH THIRD BANCORP Fifth Third Announces Second Quarter 2021 Results Reported diluted earnings per share of $ 0.94 Key Highlights Select Business Highlights : Income Statement Data Net income available to common shareholders Net interest income ( U.S. GAAP ) Net interest income ( FTE ) ( a ) Noninterest income Noninterest expense Per Share Data Earnings per share , basic Earnings per share , diluted Book value per share Tangible book value per share ( a ) Balance Sheet & Credit Quality Average portfolio loans and leases Average deposits Net charge - off ratio ( b ) Nonperforming asset ratio ( c ) Financial Ratios Return on average assets Return on average common equity Return on average tangible common equity ( a ) CET1 capital ( d ) ( e ) Net interest margin ( a ) 2Q21 $ 674 1,208 1,211 741 1,153 $ 0.95 0.94 29.57 23.34 $ 108,534 162,619 0.16 % 0.61 1.38 % 13.0 16.6 10.37 2.63 59.1 1Q21 $ 674 1,176 1,179 749 1,215 $ 0.94 0.93 28.78 22.60 $ 108,956 158,888 0.27 % 0.72 1.38 % 13.1 16.8 10.46 2.62 63.0 2Q20 $ 163 1,200 1,203 650 1,121 $ 0.23 0.23 28.88 22.66 $ 118,506 150,598 0.44 % 0.65 0.40 % 3.2 4.3 9.72 2.75 60.5 Efficiency ( a ) Other than the Quarterly Financial Review tables beginning on page 14 , commentary is on a fully taxable - equivalent ( FTE ) basis unless otherwise noted . Consistent with SEC guidance in Industry Guide 3 that contemplates the calculation of tax exempt income on a taxable - equivalent basis , net interest income , net interest margin , net interest rate spread , total revenue and the efficiency ratio are provided on an FTE basis . ● ● Launched Fifth Third Momentum Banking across footprint - a fintech banking solution with Early Pay , Extra Time , smart savings , and other features with no monthly fee • Published second annual ESG report on June 30th Select Financial Highlights : ( 2Q21 versus 1Q21 where applicable ) Investor contact : Chris Doll ( 513 ) 534-2345 | Media contact : Ed Loyd ( 513 ) 534-6397 Announced acquisition of Provide , a leading fintech company serving healthcare practices ( expect to close early August 2021 ) Generated consumer household growth of 4 % vs. 2Q20 ● ROTCE ( a ) of 16.6 % ; adjusted ROTCE ( a ) of 19.7 % excl . AOCI • PPNR ( a ) increased 12 % ; adjusted PPNR ( a ) increased 15 % Historically low NCO ratio of 0.16 % reflecting improvements in both commercial and consumer • Benefit to credit losses and resulting reserve coverage reflects improved macroeconomic environment and strong credit results ; NPA ratio improved 11 bps Repurchased shares totaling $ 347 million ; capital plans support repurchase of shares totaling approximately $ 850 million in 2H21 ; continue to target 9.5 % CET1 by June 2022 CEO Commentary " We delivered outstanding financial results once again this quarter supported by strong business performance across our franchise and reflecting improved and diversified revenues . This was combined with well - managed expenses and yet another quarter of historically low net charge - offs reflecting our disciplined client selection , conservative underwriting , and improvement in the broader economy supported by government stimulus programs . Commercial lending production trends and pipelines continue to indicate improved loan growth once supply and labor constraints normalize . To further accelerate profitable relationship growth over the long - term , we recently announced the acquisition of Provide , a leading fintech company serving healthcare practices . Furthermore , we recently launched Fifth Third Momentum Banking , a consumer banking value proposition unparalleled in the industry , which combines the best of a traditional bank offering with several leading fintech features . We believe this will further accelerate our already - strong household growth and continue to provide a differentiated customer experience . We remain focused on disciplined client selection , generating strong relationships and managing the balance sheet through varying cycles over a long - term performance horizon . We are well - positioned to benefit when interest rates rise and well - hedged if rates remain at low levels for several more years . As a result , we expect to generate and return a significant amount of excess capital to shareholders over the next year . " -Greg D. Carmichael , Chairman and CEO July 22 , 2021