Kevin Kabat, CEO of Fifth Third Bank, presented at a Lehman Brothers conference on September 9, 2008. He discussed 2Q08 results which showed strong core business growth but significant increases in net charge-offs and provisions due to the difficult economic environment. Credit quality deteriorated most in residential and commercial real estate loans, especially in Michigan and Florida. Despite challenges, Fifth Third continued to outperform peers on key metrics like loan and deposit growth but underperformed on asset quality. Capital levels remained strong after issuing new preferred shares.
fifth third bancorp InvestorPresentationv40731finance28
- Fifth Third Bank reported a difficult second quarter of 2008 due to a significant increase in net charge-offs and provision expense driven by deterioration in their residential and commercial real estate portfolios, particularly in Michigan and Florida.
- While core business performance remained strong with growth in areas like payments processing, deposit fees, and corporate banking, credit costs offset this operating performance.
- To strengthen its capital position, Fifth Third issued $1.1 billion in convertible preferred securities, reduced its common stock dividend, and plans to generate over $1 billion from non-core business sales.
Dan Poston, CFO of Fifth Third Bank, presented at the KBW Large Cap Bank Conference on August 11, 2008. He discussed Fifth Third Bank's second quarter 2008 results, which included a significant increase in net charge-offs and provision expenses due to the difficult economic environment. However, core pre-tax pre-provision income was up 16% from the second quarter of 2007 driven by growth in fees from payments processing, deposit services, corporate banking and mortgage banking. Fifth Third also raised $1.1 billion in convertible preferred securities and reduced its dividend to strengthen its capital position.
1) Fifth Third Bank reported strong core business momentum in 1Q08 despite difficult economic conditions, with loan growth of 12%, transaction deposit growth of 7%, and net interest income growth of 11% versus 1Q07.
2) Credit costs increased significantly in 1Q08 due to rising charge-offs and provisions driven by deterioration in residential and commercial real estate loans, particularly in stressed markets like Michigan and Florida.
3) Fifth Third has strong capital levels and has taken aggressive actions to contain credit risks, such as eliminating brokered home equity production and suspending new developer lending.
The document is a notice for the annual meeting of shareholders of Fifth Third Bancorp to be held on March 22, 2005. It lists the purposes of the meeting as electing five Class I directors, amending the company's regulations, and appointing an independent accounting firm. It provides details on shareholder voting eligibility and proxy voting.
This transcript summarizes a conference call by CIT Group Inc. regarding the sale of its Home Lending business.
1) CIT is selling its entire Home Lending portfolio, including loans, real estate owned, and servicing operations, to two buyers - Lone Star Funds and Vanderbilt Mortgage and Finance.
2) The sale price is $1.8 billion in cash, representing around $0.63-$0.64 on the dollar of unpaid principal balance.
3) CIT expects to record a pre-tax loss of around $2.5 billion on the sale in the second quarter, consisting of ongoing losses in the business plus a loss on the sale. The
1) Corn is the highest value seed crop market in Iberia, driven by biotech varieties. Biotech corn varieties have increased their market share from 1998-2005.
2) While a 2006 CAP policy review may not significantly impact overall corn surface area, it could change the farming model to be more professional and entrepreneurial with integrated farm management and new technologies.
3) DEKALB corn brand equity has improved in Spain through initiatives like the re-launch, with increased awareness, positive image, and loyalty. Integration of seed and agricultural chemical businesses provides a competitive advantage through value-added farmer programs.
Fifth Third Bancorp reported second quarter 2005 earnings per share of $0.75, down slightly from $0.79 in the same period of 2004. Net income totaled $417 million compared to $448 million last year. While loan and deposit growth remained strong, compression of the net interest margin due to interest rate and deposit mix shifts negatively impacted results. Credit quality remained strong with nonperforming assets at 51 basis points of total loans and leases. Management remains focused on improving revenue growth through initiatives to increase sales, market penetration, and core deposit growth.
fifth third bancorp FDAABB60-3876-4B04-A970-04AF0D8656AB_2009ProxyStatement...finance28
The document is a notice for the annual meeting of shareholders of Fifth Third Bancorp to be held on April 21, 2009. It lists seven items to be voted on, including the election of board members, amendments to the articles of incorporation, adoption of an amended stock plan, appointment of auditors, advisory vote on executive compensation, and any other business properly presented. Shareholders as of February 27, 2009 are entitled to vote. The meeting will take place at the Duke Energy Center in Cincinnati, Ohio.
fifth third bancorp InvestorPresentationv40731finance28
- Fifth Third Bank reported a difficult second quarter of 2008 due to a significant increase in net charge-offs and provision expense driven by deterioration in their residential and commercial real estate portfolios, particularly in Michigan and Florida.
- While core business performance remained strong with growth in areas like payments processing, deposit fees, and corporate banking, credit costs offset this operating performance.
- To strengthen its capital position, Fifth Third issued $1.1 billion in convertible preferred securities, reduced its common stock dividend, and plans to generate over $1 billion from non-core business sales.
Dan Poston, CFO of Fifth Third Bank, presented at the KBW Large Cap Bank Conference on August 11, 2008. He discussed Fifth Third Bank's second quarter 2008 results, which included a significant increase in net charge-offs and provision expenses due to the difficult economic environment. However, core pre-tax pre-provision income was up 16% from the second quarter of 2007 driven by growth in fees from payments processing, deposit services, corporate banking and mortgage banking. Fifth Third also raised $1.1 billion in convertible preferred securities and reduced its dividend to strengthen its capital position.
1) Fifth Third Bank reported strong core business momentum in 1Q08 despite difficult economic conditions, with loan growth of 12%, transaction deposit growth of 7%, and net interest income growth of 11% versus 1Q07.
2) Credit costs increased significantly in 1Q08 due to rising charge-offs and provisions driven by deterioration in residential and commercial real estate loans, particularly in stressed markets like Michigan and Florida.
3) Fifth Third has strong capital levels and has taken aggressive actions to contain credit risks, such as eliminating brokered home equity production and suspending new developer lending.
The document is a notice for the annual meeting of shareholders of Fifth Third Bancorp to be held on March 22, 2005. It lists the purposes of the meeting as electing five Class I directors, amending the company's regulations, and appointing an independent accounting firm. It provides details on shareholder voting eligibility and proxy voting.
This transcript summarizes a conference call by CIT Group Inc. regarding the sale of its Home Lending business.
1) CIT is selling its entire Home Lending portfolio, including loans, real estate owned, and servicing operations, to two buyers - Lone Star Funds and Vanderbilt Mortgage and Finance.
2) The sale price is $1.8 billion in cash, representing around $0.63-$0.64 on the dollar of unpaid principal balance.
3) CIT expects to record a pre-tax loss of around $2.5 billion on the sale in the second quarter, consisting of ongoing losses in the business plus a loss on the sale. The
1) Corn is the highest value seed crop market in Iberia, driven by biotech varieties. Biotech corn varieties have increased their market share from 1998-2005.
2) While a 2006 CAP policy review may not significantly impact overall corn surface area, it could change the farming model to be more professional and entrepreneurial with integrated farm management and new technologies.
3) DEKALB corn brand equity has improved in Spain through initiatives like the re-launch, with increased awareness, positive image, and loyalty. Integration of seed and agricultural chemical businesses provides a competitive advantage through value-added farmer programs.
Fifth Third Bancorp reported second quarter 2005 earnings per share of $0.75, down slightly from $0.79 in the same period of 2004. Net income totaled $417 million compared to $448 million last year. While loan and deposit growth remained strong, compression of the net interest margin due to interest rate and deposit mix shifts negatively impacted results. Credit quality remained strong with nonperforming assets at 51 basis points of total loans and leases. Management remains focused on improving revenue growth through initiatives to increase sales, market penetration, and core deposit growth.
fifth third bancorp FDAABB60-3876-4B04-A970-04AF0D8656AB_2009ProxyStatement...finance28
The document is a notice for the annual meeting of shareholders of Fifth Third Bancorp to be held on April 21, 2009. It lists seven items to be voted on, including the election of board members, amendments to the articles of incorporation, adoption of an amended stock plan, appointment of auditors, advisory vote on executive compensation, and any other business properly presented. Shareholders as of February 27, 2009 are entitled to vote. The meeting will take place at the Duke Energy Center in Cincinnati, Ohio.
1) Fifth Third Bank reported difficult second quarter 2008 results due to a significant increase in net charge-offs and provision expenses driven by deterioration in residential and commercial real estate markets, particularly in Michigan and Florida.
2) However, the bank's core business momentum remained strong with continued growth in average loans, deposits, and noninterest income, though credit costs offset gains.
3) While credit quality issues increased, the bank outperformed large bank and Midwest peers on key metrics like loan growth, fee income growth, and efficiency though net charge-offs were in line with peers.
1) Fifth Third Bank reported mixed results for 2Q08, with strong core pre-tax pre-provision income growth offset by a significant increase in net charge-offs and provision expense.
2) Credit quality deteriorated, with non-performing assets and net charge-offs growing substantially year-over-year. Residential and commercial real estate loans experienced the largest increases in credit issues.
3) Michigan and Florida were identified as the bank's most stressed markets in terms of credit problems.
fifth third bancorp InvestorPresentationv40731finance28
- Fifth Third Bank reported a difficult second quarter of 2008 due to a significant increase in net charge-offs and provision expense driven by deterioration in its residential and commercial real estate loan portfolios, particularly in Michigan and Florida.
- While core business performance remained strong with double-digit revenue growth in payments processing and deposit services, credit costs offset this operating strength with a large increase in the provision expense.
- To strengthen its capital position, Fifth Third issued $1.1 billion in convertible preferred securities, reduced its common stock dividend, and plans to generate over $1 billion from non-core business sales.
1) Fifth Third Bank reported strong core business momentum in 1Q08 despite difficult economic conditions, with loan growth of 12%, transaction deposit growth of 7%, and net interest income growth of 11% versus 1Q07.
2) Credit costs increased significantly in 1Q08 due to rising charge-offs and provisions driven by deterioration in residential and commercial real estate loans, particularly in stressed markets like Michigan and Florida.
3) Fifth Third has strong capital levels and has taken aggressive actions to contain credit risks, such as eliminating brokered home equity production and suspending new developer lending.
The document is an agenda for a conference presentation by the Chairman, President, and CEO of Fifth Third Bank. It includes an overview of Fifth Third Bank, results for 3Q08 which showed higher credit costs offsetting strong core operating results, operating and credit trends, the bank's capital position, and priorities going forward. Fifth Third has a strong core business with average loan growth of 11% and transaction deposit growth of 3%, but reported a loss for 3Q08 due to higher net charge-offs and market valuation adjustments.
The document is an agenda for a conference presentation by the Chairman, President and CEO of Fifth Third Bank. It provides an overview of Fifth Third Bank including its assets, market capitalization, locations and affiliates. It then summarizes the bank's 3Q08 results including net losses, charge-offs, provisions and impacts from market valuations. Credit trends are also discussed with real estate driving deterioration, and Michigan and Florida identified as the most stressed markets. The presentation outlines the bank's strong capital position and loss mitigation activities.
Fifth Third Bank is a top 15 US bank by assets and market capitalization with over $116 billion in assets and over 1,298 banking centers across 12 states. The presentation discusses Fifth Third's increasing net interest income and diversifying fee income streams. Net interest income has grown 12% annually and net interest margin was 4.24% in 3Q08. Fee income from payment processing, deposit services, and corporate banking has increased by double digits year-over-year, helping to offset declines in other areas. Financial technology processing services has become a key growth engine and significant revenue generator for Fifth Third Bank.
Fifth Third Bank is a top 15 US bank by assets and market capitalization with over $116 billion in assets and over 2,300 ATMs across 12 states. The presentation discusses Fifth Third's increasing net interest income, with 3Q08 results showing 41% year-over-year growth and a net interest margin of 4.24%. Fee income has also grown steadily, with particular increases in payment processing, deposit service charges, corporate banking, and mortgage banking. Financial technology processing services has emerged as a key growth engine for noninterest revenue.
This document is Pulte Homes' 2001 Annual Report. It provides an overview of Pulte Homes' financial performance and operations in 2001. Some key details include:
- Pulte Homes completed its acquisition of Del Webb Corporation, making it the largest builder of active adult communities.
- The company achieved record revenues of $5.4 billion, up 27% from 2000, and net income of $302 million, up 38% from 2000.
- Domestic homebuilding revenues increased 27% to $5.3 billion with settlements of 22,915 homes, up 16% from 2000. Gross margins increased to 20%.
- Pulte Mortgage captured 60% of homebuyer financing, up from 56
This document provides an overview and highlights of Virgin Media's performance in the fourth quarter of 2006. It discusses the company's achievements over the last 12 months including the Telewest merger and Virgin Mobile acquisition. The fourth quarter saw revenue growth across all segments, strong net additions, and continued ARPU and customer care improvements. Priorities for 2007 include delivering on the new Virgin brand, targeting competitor customers, driving efficiency and improving customer care.
This document provides an overview of Virgin Media's performance in the fourth quarter of 2006. It discusses the company's achievements over the past year including the Telewest merger and Virgin Mobile acquisition. The highlights of Q4 2006 include revenue growth across all segments, strong broadband and TV subscriber additions, and increased triple play penetration. Priorities for 2007 include delivering on the new Virgin brand, targeting competitor customers, driving efficiency and improving customer care.
Virgin Media reported its financial results for the first quarter of 2007. Key highlights include:
1) Strong growth in broadband, TV and mobile contract customers due to compelling offers and marketing campaigns promoting bundled services. However, fixed line customers continued to decline due to increased competition.
2) ARPU was slightly down due to lower fixed line usage, but triple play penetration and Old NTL ARPU increased, pointing to continued ARPU growth.
3) Customer churn improved to 1.6% due to more rigorous credit policies and efficient sales channels, while Sky basics had a minimal impact in Q1.
4) Mobile contract growth remained strong through cable cross-sell, while pre-pay declined season
This document summarizes Virgin Media's performance in the first quarter of 2007. It discusses Virgin Media's progress on key priorities such as brand strength, targeting competitors, cable integration, and cross-sell opportunities. Financial metrics like revenue, customer additions and disconnects, and ARPU are also reviewed. Challenges from increased competition and the impact of Sky's new "Basics" package are addressed.
This document provides a summary of Virgin Media's financial performance in the second quarter of 2007. It discusses declines in revenue due to customer churn related to the loss of Sky basics channels, but notes improving trends in areas like TV and broadband. Key points highlighted include strong growth in video on demand usage, successful bundling of products, expansion of high speed broadband services, and continued strength in the mobile business. The summary also previews upcoming content initiatives and their potential to further drive customer growth and engagement.
This document summarizes Virgin Media's financial performance in the second quarter of 2007. Key points include: losses of Sky basic channels impacted customer churn but TV performance was better than expected; strong mobile contract sales and bundling of products continued; and while ARPU was affected by retention activities, cash flow outlook remains strong. The document provides details on customer additions and disconnects, growth of triple play bundling, and increases in video on demand usage.
This document provides a summary of Virgin Media's financial results for the third quarter of 2007. It notes significant improvements in customer and revenue growth metrics compared to previous quarters. Revenue was up slightly from the second quarter due to growth in the consumer, business services, content, and mobile segments. Operating cash flow also increased due to lower costs and certain one-time benefits. However, proactive investment in customer growth was also noted as impacting operating cash flow. Net debt remained substantial as of the end of the third quarter.
This document provides a summary of Virgin Media's financial results for the third quarter of 2007. It discusses improvements in customer and revenue growth metrics compared to previous quarters. Specifically, it notes record quarterly gross additions and reduced churn. It also summarizes growth in the company's broadband, TV, telephony, mobile, and business services segments. The document concludes with discussions of operating cash flow, revenue, and net debt levels.
The document summarizes an UBS media conference by Acting CEO Neil Berkett of Virgin Media on December 5, 2007. Berkett discussed Virgin Media's transformation through integration, re-engineering growth initiatives. He highlighted opportunities in premium TV, basic pay-TV, free DTV and contract mobile. Berkett also outlined Virgin Media's network advantages in speed and reach, and strategies to increase customer value through volume, ARPU and tenure. Mobile was discussed as an important driver of consumer value through cross-selling. Valuable tax assets were also noted.
The document summarizes an UBS media conference by Acting CEO Neil Berkett of Virgin Media on December 5, 2007. Berkett discussed Virgin Media's transformation through integration, re-engineering growth initiatives, and building the platform for growth. He highlighted opportunities in premium TV, basic pay-TV, free DTV, broadband, and mobile services. Berkett also covered Virgin Media's network advantages, content assets, tax assets, and the significant potential asset value of the company's network, consumer base, mobile business, and content.
This document provides a summary of Virgin Media's financial and operational results for the first quarter of 2008. Key highlights include continued strong growth in broadband and TV customers, record-low cable churn of 1.2%, and stable cable ARPU despite non-recurring benefits in the previous quarter. OCF increased slightly compared to last quarter. Capex remained high at 13.7% of revenue to support network upgrades including faster broadband speeds. Revenue declined slightly due to seasonal factors in certain business units.
This document summarizes Virgin Media's financial and operational results for the first quarter of 2008. Key highlights include continued strong growth in broadband and TV customers, record-low cable churn of 1.2%, and stable cable ARPU despite non-recurring benefits in the previous quarter. OCF was £324 million for Q1 2008, up slightly from the previous quarter. Cash capex was £125 million for network upgrades and expansion.
This document provides a summary of Virgin Media's performance in the second quarter of 2008. It discusses financial results including operating cash flow growth and SG&A reductions. It also reviews operational metrics such as subscriber growth, churn rates, broadband and TV services. Virgin Media saw increased revenue and profitability in Q2 2008 compared to the same period last year.
1) Fifth Third Bank reported difficult second quarter 2008 results due to a significant increase in net charge-offs and provision expenses driven by deterioration in residential and commercial real estate markets, particularly in Michigan and Florida.
2) However, the bank's core business momentum remained strong with continued growth in average loans, deposits, and noninterest income, though credit costs offset gains.
3) While credit quality issues increased, the bank outperformed large bank and Midwest peers on key metrics like loan growth, fee income growth, and efficiency though net charge-offs were in line with peers.
1) Fifth Third Bank reported mixed results for 2Q08, with strong core pre-tax pre-provision income growth offset by a significant increase in net charge-offs and provision expense.
2) Credit quality deteriorated, with non-performing assets and net charge-offs growing substantially year-over-year. Residential and commercial real estate loans experienced the largest increases in credit issues.
3) Michigan and Florida were identified as the bank's most stressed markets in terms of credit problems.
fifth third bancorp InvestorPresentationv40731finance28
- Fifth Third Bank reported a difficult second quarter of 2008 due to a significant increase in net charge-offs and provision expense driven by deterioration in its residential and commercial real estate loan portfolios, particularly in Michigan and Florida.
- While core business performance remained strong with double-digit revenue growth in payments processing and deposit services, credit costs offset this operating strength with a large increase in the provision expense.
- To strengthen its capital position, Fifth Third issued $1.1 billion in convertible preferred securities, reduced its common stock dividend, and plans to generate over $1 billion from non-core business sales.
1) Fifth Third Bank reported strong core business momentum in 1Q08 despite difficult economic conditions, with loan growth of 12%, transaction deposit growth of 7%, and net interest income growth of 11% versus 1Q07.
2) Credit costs increased significantly in 1Q08 due to rising charge-offs and provisions driven by deterioration in residential and commercial real estate loans, particularly in stressed markets like Michigan and Florida.
3) Fifth Third has strong capital levels and has taken aggressive actions to contain credit risks, such as eliminating brokered home equity production and suspending new developer lending.
The document is an agenda for a conference presentation by the Chairman, President, and CEO of Fifth Third Bank. It includes an overview of Fifth Third Bank, results for 3Q08 which showed higher credit costs offsetting strong core operating results, operating and credit trends, the bank's capital position, and priorities going forward. Fifth Third has a strong core business with average loan growth of 11% and transaction deposit growth of 3%, but reported a loss for 3Q08 due to higher net charge-offs and market valuation adjustments.
The document is an agenda for a conference presentation by the Chairman, President and CEO of Fifth Third Bank. It provides an overview of Fifth Third Bank including its assets, market capitalization, locations and affiliates. It then summarizes the bank's 3Q08 results including net losses, charge-offs, provisions and impacts from market valuations. Credit trends are also discussed with real estate driving deterioration, and Michigan and Florida identified as the most stressed markets. The presentation outlines the bank's strong capital position and loss mitigation activities.
Fifth Third Bank is a top 15 US bank by assets and market capitalization with over $116 billion in assets and over 1,298 banking centers across 12 states. The presentation discusses Fifth Third's increasing net interest income and diversifying fee income streams. Net interest income has grown 12% annually and net interest margin was 4.24% in 3Q08. Fee income from payment processing, deposit services, and corporate banking has increased by double digits year-over-year, helping to offset declines in other areas. Financial technology processing services has become a key growth engine and significant revenue generator for Fifth Third Bank.
Fifth Third Bank is a top 15 US bank by assets and market capitalization with over $116 billion in assets and over 2,300 ATMs across 12 states. The presentation discusses Fifth Third's increasing net interest income, with 3Q08 results showing 41% year-over-year growth and a net interest margin of 4.24%. Fee income has also grown steadily, with particular increases in payment processing, deposit service charges, corporate banking, and mortgage banking. Financial technology processing services has emerged as a key growth engine for noninterest revenue.
This document is Pulte Homes' 2001 Annual Report. It provides an overview of Pulte Homes' financial performance and operations in 2001. Some key details include:
- Pulte Homes completed its acquisition of Del Webb Corporation, making it the largest builder of active adult communities.
- The company achieved record revenues of $5.4 billion, up 27% from 2000, and net income of $302 million, up 38% from 2000.
- Domestic homebuilding revenues increased 27% to $5.3 billion with settlements of 22,915 homes, up 16% from 2000. Gross margins increased to 20%.
- Pulte Mortgage captured 60% of homebuyer financing, up from 56
This document provides an overview and highlights of Virgin Media's performance in the fourth quarter of 2006. It discusses the company's achievements over the last 12 months including the Telewest merger and Virgin Mobile acquisition. The fourth quarter saw revenue growth across all segments, strong net additions, and continued ARPU and customer care improvements. Priorities for 2007 include delivering on the new Virgin brand, targeting competitor customers, driving efficiency and improving customer care.
This document provides an overview of Virgin Media's performance in the fourth quarter of 2006. It discusses the company's achievements over the past year including the Telewest merger and Virgin Mobile acquisition. The highlights of Q4 2006 include revenue growth across all segments, strong broadband and TV subscriber additions, and increased triple play penetration. Priorities for 2007 include delivering on the new Virgin brand, targeting competitor customers, driving efficiency and improving customer care.
Virgin Media reported its financial results for the first quarter of 2007. Key highlights include:
1) Strong growth in broadband, TV and mobile contract customers due to compelling offers and marketing campaigns promoting bundled services. However, fixed line customers continued to decline due to increased competition.
2) ARPU was slightly down due to lower fixed line usage, but triple play penetration and Old NTL ARPU increased, pointing to continued ARPU growth.
3) Customer churn improved to 1.6% due to more rigorous credit policies and efficient sales channels, while Sky basics had a minimal impact in Q1.
4) Mobile contract growth remained strong through cable cross-sell, while pre-pay declined season
This document summarizes Virgin Media's performance in the first quarter of 2007. It discusses Virgin Media's progress on key priorities such as brand strength, targeting competitors, cable integration, and cross-sell opportunities. Financial metrics like revenue, customer additions and disconnects, and ARPU are also reviewed. Challenges from increased competition and the impact of Sky's new "Basics" package are addressed.
This document provides a summary of Virgin Media's financial performance in the second quarter of 2007. It discusses declines in revenue due to customer churn related to the loss of Sky basics channels, but notes improving trends in areas like TV and broadband. Key points highlighted include strong growth in video on demand usage, successful bundling of products, expansion of high speed broadband services, and continued strength in the mobile business. The summary also previews upcoming content initiatives and their potential to further drive customer growth and engagement.
This document summarizes Virgin Media's financial performance in the second quarter of 2007. Key points include: losses of Sky basic channels impacted customer churn but TV performance was better than expected; strong mobile contract sales and bundling of products continued; and while ARPU was affected by retention activities, cash flow outlook remains strong. The document provides details on customer additions and disconnects, growth of triple play bundling, and increases in video on demand usage.
This document provides a summary of Virgin Media's financial results for the third quarter of 2007. It notes significant improvements in customer and revenue growth metrics compared to previous quarters. Revenue was up slightly from the second quarter due to growth in the consumer, business services, content, and mobile segments. Operating cash flow also increased due to lower costs and certain one-time benefits. However, proactive investment in customer growth was also noted as impacting operating cash flow. Net debt remained substantial as of the end of the third quarter.
This document provides a summary of Virgin Media's financial results for the third quarter of 2007. It discusses improvements in customer and revenue growth metrics compared to previous quarters. Specifically, it notes record quarterly gross additions and reduced churn. It also summarizes growth in the company's broadband, TV, telephony, mobile, and business services segments. The document concludes with discussions of operating cash flow, revenue, and net debt levels.
The document summarizes an UBS media conference by Acting CEO Neil Berkett of Virgin Media on December 5, 2007. Berkett discussed Virgin Media's transformation through integration, re-engineering growth initiatives. He highlighted opportunities in premium TV, basic pay-TV, free DTV and contract mobile. Berkett also outlined Virgin Media's network advantages in speed and reach, and strategies to increase customer value through volume, ARPU and tenure. Mobile was discussed as an important driver of consumer value through cross-selling. Valuable tax assets were also noted.
The document summarizes an UBS media conference by Acting CEO Neil Berkett of Virgin Media on December 5, 2007. Berkett discussed Virgin Media's transformation through integration, re-engineering growth initiatives, and building the platform for growth. He highlighted opportunities in premium TV, basic pay-TV, free DTV, broadband, and mobile services. Berkett also covered Virgin Media's network advantages, content assets, tax assets, and the significant potential asset value of the company's network, consumer base, mobile business, and content.
This document provides a summary of Virgin Media's financial and operational results for the first quarter of 2008. Key highlights include continued strong growth in broadband and TV customers, record-low cable churn of 1.2%, and stable cable ARPU despite non-recurring benefits in the previous quarter. OCF increased slightly compared to last quarter. Capex remained high at 13.7% of revenue to support network upgrades including faster broadband speeds. Revenue declined slightly due to seasonal factors in certain business units.
This document summarizes Virgin Media's financial and operational results for the first quarter of 2008. Key highlights include continued strong growth in broadband and TV customers, record-low cable churn of 1.2%, and stable cable ARPU despite non-recurring benefits in the previous quarter. OCF was £324 million for Q1 2008, up slightly from the previous quarter. Cash capex was £125 million for network upgrades and expansion.
This document provides a summary of Virgin Media's performance in the second quarter of 2008. It discusses financial results including operating cash flow growth and SG&A reductions. It also reviews operational metrics such as subscriber growth, churn rates, broadband and TV services. Virgin Media saw increased revenue and profitability in Q2 2008 compared to the same period last year.
This document provides a summary of Virgin Media's performance in the second quarter of 2008. It discusses financial results including operating cash flow growth and SG&A reductions. It also reviews operational metrics such as subscriber growth, churn rates, broadband and TV services. Virgin Media saw increased revenue and profitability in Q2 2008 compared to the prior year through lower churn, higher triple-play penetration and a focus on quality customer growth. The company believes its cable network gives it advantages over DSL providers that will increase further after investments are completed.
This document provides a summary of Virgin Media's financial results for the third quarter of 2008. It reports that Virgin Media continued to see growth in key metrics such as on-net customer additions, broadband and TV subscriber growth, and improving triple play penetration. ARPU increased through price increases, cross-selling, and upselling efforts. Mobile contract customer growth was strong through cross-selling to cable customers. Content revenues increased for VMtv but declined for Sit-Up. Overall revenue was flat, while operating cash flow and margins declined slightly compared to last year. Capital expenditures remained high to continue network upgrades and expand service offerings.
This document provides a summary of Virgin Media's financial results for the third quarter of 2008. It reports that Virgin Media continued to see growth in key metrics such as on-net customer additions, broadband and TV subscriber growth, and improving triple play penetration. ARPU increased through price increases, cross-selling, and upselling efforts. Mobile contract customer growth was strong through cross-selling to cable customers. Content revenue increased for VMtv but declined for Sit-Up. Overall revenue was flat, while operating cash flow and margins declined slightly compared to last year. Capital expenditures remained high to continue network investments.
The document discusses Virgin Media's strategy to leverage its network advantages for renewed growth. Key points include plans to: 1) lead in next generation broadband through upgrades to 10Mbps and beyond; 2) lead the on-demand TV revolution through growing video on demand usage and iPlayer views; and 3) leverage mobile as a third screen through bundling mobile services. Virgin Media also aims to build a more efficient customer focused organization through an operational transformation program targeting over £120m in annual cost savings by 2012.
The document discusses Virgin Media's strategy to leverage its network advantages for renewed growth. It aims to lead in next generation broadband, lead the on-demand TV revolution, and leverage mobile as a third screen. Virgin Media has the best broadband economics due to its high market share and lower costs. It is focusing on upgrading customers to higher broadband tiers, growing on-demand TV and video usage, and integrating mobile offerings. The company expects operational transformation to deliver over £120 million in annual cost savings by 2012.
The document provides an agenda and overview for an investor and analyst day being held by Virgin Media in London on November 13, 2008. It includes:
1) A disclaimer stating that forward-looking statements in the document involve risks and uncertainties that could cause actual results to differ materially.
2) An agenda for the day's presentations on Virgin Media's strategy, growth initiatives, network strengths, financial structure and regulatory progress.
3) Introductions of the senior management team who will be presenting.
The document provides an agenda and overview for an investor and analyst day being held by Virgin Media in London on November 13, 2008. It includes:
1) A disclaimer stating that forward-looking statements in the document involve risks and uncertainties that could cause actual results to differ materially.
2) An agenda for the day's presentations on Virgin Media's strategy, growth initiatives, network strengths, financial structure and regulatory progress.
3) Biographies and photos of Virgin Media's management team, including the CEO and heads of key business units.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Ending stagnation: How to boost prosperity across Scotland
FITB_LehmanPresentation922
1. Lehman Brothers Global Financial Services
Conference
Kevin Kabat, Chairman, President & CEO
September 9, 2008
Fifth Third Bank | All Rights Reserved
2. Agenda
Overview Traverse
City
Grand Rapids
2Q08 results Detroit
Chicago Toledo Cleveland
Operating trends Pittsburgh
Columbus
Indianapolis
Cincinnati
Credit trends Huntington
Florence
St. Louis Evansville Louisville
Lexington
Capital position Raleigh
Nashville
Charlotte
Summary and priorities Raleigh
Atlanta
Appendix Augusta
Jacksonville
Orlando
Tampa
Naples
Naples
2 Fifth Third Bank | All Rights Reserved
3. Fifth Third overview
Traverse
City
$115 billion assets #14^ Grand Rapids
Detroit
$9 billion market cap #12* Chicago Toledo Cleveland
Pittsburgh
Columbus
Indianapolis
Over 1,300 banking centers Cincinnati
Huntington
Florence
St. Louis Evansville Louisville
Over 2,300 ATMs Lexington
Raleigh
Nashville
18 affiliates in 12 states Charlotte
Raleigh
Atlanta
World’s 5th largest merchant Augusta
acquirer **
Jacksonville
Orlando
Tampa
Fifth Third’s current footprint Naples
^As of 6/30/2008
Naples
*As of 9/05/2008
**Nilson, March 2008
3 Fifth Third Bank | All Rights Reserved
4. 2Q08 in review
Difficult quarter due to economic environment
— Significant increase in net charge-offs and provision expense
– Net charge-offs of $344 million, provision expense of $719 million
— Charges related to the tax treatment of leveraged leases
Core business momentum remains strong – core pre-tax pre-provision income up
16% from 2Q07*
— Net interest income growth flat, but up 17% excluding $130 million leveraged
lease litigation charge
— Fee income growth of 8% on double digit growth in payments processing
revenue, deposit service revenue, corporate banking revenue, and mortgage
banking revenue
— Average loan growth of 11% and transaction deposit growth of 6%^
Issued $1.1 billion in convertible preferred securities, reduced dividend to $0.15 per
quarter
— Tier 1 capital ratio of 8.51%
— Tangible equity ratio of 6.37%
— Anticipated sale of non-core businesses expected to generate more than $1
billion after tax in tangible equity capital
* Reported pre-tax pre-provision income of $602 million; excluding $130 million in leveraged lease charge to net interest income and $13 million in acquisition related
expenses, core results $745 million
^ Loans include held for investment; transaction deposits represent core deposits excluding CDs
4 Fifth Third Bank | All Rights Reserved
5. Increasing net interest income
3.75% $900
te: 17%
wt h ra
G ro $850
$800
3.50%
$750
$700
$650
3.25%
$600
$550
3.00% $500
2Q07 3Q07 4Q07 1Q08 2Q08*
Net interest income NIM
*Reported net interest income of $744 and net interest margin of 3.04%. 2Q08 results above exclude $130 million charge related to leveraged lease litigation
5 Fifth Third Bank | All Rights Reserved
6. Fee income growth and diversification
$900
YOY
$800 8%
Growth rate: growth
$700
Payment
+15%
$600 processing
$500
Deposit
+12%
$400 service
charges
$300 Investment
-5%
advisory
Corporate
$200 +26%
banking
$100 Mortgage +108%
Secs/other -59%
$0
2Q07 3Q07 4Q07 1Q08 2Q08
Continued strong growth in processing, deposit fees and corporate banking fees
Excludes $152 million BOLI charge and $273 million Visa IPO gain in 1Q08; excludes $177 million BOLI charge in 4Q07.
6 Fifth Third Bank | All Rights Reserved
7. FTPS: key growth engine
2Q08 revenue
Financial
Institutions $250
YOY)
Merchant
5 % (1 5 % 2-Yr YOY
36%
AGR: 1
Services
C CAGR growth
37%
$200
Bankcard
+19% +16%
27%
$150
Merchant
+16% +20%
• 4th Largest U.S. Acquirer $100
• Over 37,500 merchants
• $26.7B in credit/debit processing volume
• Over 5.6B acquired transactions
$50
• e.g. Nordstrom, Saks, Walgreen's,
+10% +10%
Office Max, Barnes and Noble, U.S.
Treasury
$0
Bankcard
2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08
• $2.0B in outstanding balances
• 1.6MM cardholders
Merchant
• Top three Debit MasterCard Issuer
• 23rd largest U.S. bankcard issuer Bankcard
FI/EFT
Financial Institutions
• 2,700 FI relationships
• 877mm POS/ATM transactions
7 Fifth Third Bank | All Rights Reserved
8. Corporate banking
International
$120 2-Yr YOY
OY)
• Letters of credit
(26% Y CAGR growth
: 17%
• Foreign exchange
CAGR
+19% +29%
$90
Derivatives
• Customer interest rate derivatives +10% -6%
$60
+14% +23%
Capital markets lending fees
• Institutional Sales
• Asset securitization/conduit fees
$30
• Loan/lease syndication fees +18% +38%
Business lending fees
$0
• Commitment and other loan fees 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08
International Business lending
Derivatives Capital markets lending fees
8 Fifth Third Bank | All Rights Reserved
9. Peer performance summary
Large bank Midwest
FITB YOY performance
peers (1) peers (2)
2Q08 vs. peers
2Q08 2Q08
Average loan growth 11% 8% 9% Outperformed
Average transaction deposit growth 6% 5% 5% Outperformed
NII growth* 17% 8% 4% Outperformed
Operating fee growth* 9% 1% 8% Outperformed
Pre-tax pre-provision earnings growth* 16% 4% 10% Outperformed
Operating efficiency ratio* 53% 57% 57% Outperformed
NPA growth 316% 236% 211% Underperformed
Net charge-off ratio 1.66% 1.58% 1.84% In line
Continue to outperform on key value drivers; credit remains challenging
* NII for all banks adjusted for leveraged lease charges. Operating fees for all banks per SNL and excludes securities gains/losses and other nonrecurring revenue.
Operating expenses for all banks exclude merger-related charges, goodwill impairments, and other nonrecurring expenses. Fifth Third reported NII declined $1mm (0%)
and reported fees grew 8% vs. 2Q08. Fifth Third’s reported efficiency ratio was 59%.
(1) Large bank peer average consists of BBT, COF, CMA, HBAN, KEY, MTB, MI, NCC, PNC, RF, STI, USB, WB, WM, WFC and ZION; for peer deposit, loan, NII, fee
growth, and pre-tax pre-provision earnings growth comparisons, excludes HBAN due to significant impact of acquisition; Operating fee growth, pre-tax pre-provision
earnings growth, and operating efficiency ratio comparisons exclude NCC, WB, and WM due to significant negative items in 2Q08.
(2) Midwest peer average consists of HBAN, KEY, MI, CMA, NCC and USB, except where outlined above.
Source: SNL and company reports. Loans include held for investment and held for sale. Transaction deposits are core deposits excluding CDs.
9 Fifth Third Bank | All Rights Reserved
10. Strong operating performance…
e: 16%
$800
owth rat
r
rnings g
ision ea
pre-prov
Pre-tax
$700
$600
$500
$400
$300
2Q07 3Q07 4Q07 1Q08 2Q08
Reported pre-tax pre-provision earnings growth -6% due primarily to 2Q08 leveraged lease charges. Data above excludes $130 million charge related to impact of
leasing litigation and $13 million in acquisition related expenses in 2Q08; prior quarters exclude $152 BOLI charge, $273 Visa IPO gain, $152 million reversal of Visa
litigation expenses and $16 million in merger-related and severance charges in 1Q08; excludes $177 million BOLI charge, $94 million in Visa litigation expense, and $8
million in merger-related expenses in 4Q07; excludes $78 million in Visa litigation expense in 3Q07.
10 Fifth Third Bank | All Rights Reserved
11. …offset by credit costs
te: 16%
earnings growth ra
Pre-tax pre-provision
$800
$600
$400
$200
$0
Net
-$200 charge-
offs
-$400
Additional
-$600 provision
-$800
2Q07 3Q07 4Q07 1Q08 2Q08
See note on p. 9 for adjustments.
11 Fifth Third Bank | All Rights Reserved
12. Credit by portfolio
Commercial Commercial Commercial Total Residential Other Total Total loans &
C&I mortgage construction lease commercial mortgage Home equity Auto Credit card consumer consumer leases
($ in millions)
Loan balances $28,958 $13,394 $6,007 $3,647 $52,006 $9,866 $12,421 $8,362 $1,717 $1,152 $33,518 $85,524
% of total 34% 16% 7% 4% 61% 12% 15% 10% 2% 1% 39%
Non-performing assets $414 $540 $552 $18 $1,524 $448 $183 $28 $15 $1 $674 $2,198
NPA ratio 1.43% 4.03% 9.19% 0.49% 2.93% 4.54% 1.47% 0.33% 0.88% 0.08% 2.00% 2.56%
Net charge-offs $107 $21 $49 $0 $177 $63 $54 $26 $21 $3 $167 $344
Net charge-off ratio 1.52% 0.66% 3.46% -0.01% 1.41% 2.57% 1.83% 1.21% 4.93% 1.31% 2.04% 1.66%
Net charge-offs by loan type Net charge-offs by geography
Other
Card consumer
MI
1%
6%
FL
Auto 20%
24%
7%
C&I
32%
Home equity
16%
OH
19%
Commercial
Other /
mortgage
National
6%
Residential 21%
IN
NC/GA
Commercial
mortgage
4%
TN KY
construction
18% 0% IL
14% 4% 2% 6%
12 Fifth Third Bank | All Rights Reserved
13. Real estate driving credit deterioration
Total NPAs Total NCOs
2,500,000
400,000
th
2,000,000 ow th
gr Res ow
gr
8% RE 300,000 %
3 25 Res
RE
1,500,000 th
th
ow
ow
gr
gr
%
50
%
59
200,000
CRE
1,000,000 h CRE
wt h
wt
ro
gro
g
% 1%
51 5
th
grow wth
13% gro
34%
100,000
500,000
0 0
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008 Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
C&I/Lease Auto Credit Card
C&I/Lease Auto/Other CRE Res RE
Other CRE Res RE
NPA, charge-off growth driven by residential, commercial real estate
13 Fifth Third Bank | All Rights Reserved
14. Michigan and Florida: most stressed markets
Total NPAs Total NCOs
2,500,000 400,000
th
ow th
2,000,000 gr ow
gr
8% 300,000 %
25
3
Highest
Highest
stress
th
1,500,000 th stress
ow ow markets
gr gr
markets
% %
50 59
200,000
th
1,000,000 h
wt
ow
gr gro
% 1%
51 5
ow th wth
13% gro
% gr
34 100,000
500,000
421
- -
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008 Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
Other SE National Other MW
Other SE National Other MW
Michigan Florida
Michigan Florida
NPA, charge-off growth driven by Florida and Michigan
14 Fifth Third Bank | All Rights Reserved
15. Credit containment
Eliminated all brokered home equity production
Suspended all new developer lending
Significantly tightened underwriting limits and exception authorities
Major expansion of commercial and consumer workout teams
Aggressive write downs in stressed geographies
Significant addition to reserve levels
Direct executive management oversight of every major credit decision
Continue to move aggressively to stay ahead of emerging credit issues
15 Fifth Third Bank | All Rights Reserved
16. Capital actions
• Capital plan and targets designed to help ensure strong regulatory capital and tangible equity
levels, positioning Fifth Third to absorb losses and provisions significantly in excess of
current levels and environmental conditions through 2009
Revised Tier 1 capital targets to provide greater cushion
Regulatory
Ratio 2Q08 Target “well- capitalized”
minimum
Tier 1 Capital 8.51% 8-9% 6%
Total Capital 12.15% 11.5-12.5% 10%
TE/TA 6.37% 6-7% N/A
• Strengthened Fifth Third’s capital position through several capital actions:
– Capital issuance – Issued $1.1 billion of Tier 1 capital in the form of convertible
preferred securities - achieved new Tier 1 target immediately
– Dividend reduction – Reducing quarterly common dividend to $0.15 per share,
conserves $1.2 billion in common equity through the end of 2009 relative to
previous $0.44 level per share
– Asset sales/dispositions – Anticipated sale of non-core businesses expected to
generate $1 billion or more after-tax in additional common equity capital
Capital actions intended to maintain a Tier 1 ratio within target range if credit cycle
significantly deteriorates without further capital issuance
16 Fifth Third Bank | All Rights Reserved
17. Strong capital position
Tangible Equity /
Tangible Assets
8.94
7.49
6.98 6.89
6.37 6.24
5.97
5.67 5.65
5.35 5.23
4.98
4.68
4.40
NCC CM A KEY MI FITB STI ZION RF HBAN BBT USB M TB WB PNC
Tier 1 Capital
11.06
8.92 8.82 8.53 8.51 8.47 8.20 8.00 7.87 7.76 7.48 7.47 7.45 7.45
As of 6/30/08 NCC BBT HBAN KEY FITB USB PNC WB MI M TB RF STI ZION CM A
Peer group: U.S. banks sharing similar geography or debt ratings.
Source: SNL and company reports
17 Fifth Third Bank | All Rights Reserved
18. Fifth Third debt ratings
Fifth Third Bancorp Fifth Third Bank (OH) Fifth Third Bank (MI) Rating Current
Date#
Senior Sub Senior Sub Senior Sub Outlook
Moody’s Aa3 A1 Aa2 Aa3 Aa2 Aa3 6/18/08 Review for possible
downgrade
S&P A+ A AA- A+ AA- A+ 8/3/08 CreditWatch
negative
Fitch A+ A A+ A A+ A 6/18/08 Stable
DBRS AA (low) A (high) AA AA (low) AA AA (low) 3/18/08 Negative
# Date of most recent change in rating or outlook
18 Fifth Third Bank | All Rights Reserved
19. Fifth Third debt ratings
Lead Bank
Moody's S&P Fitch DBRS
Well Fargo (Well Fargo Bank NA) Aaa AAA AA AAH
Bank of America (Bank America America NA) Aaa AA+ AA- AA
JPMorgan Chase (JPMorgan Chase Bank NA) Aaa AA AA- AAL
US Bank (US Bank NA North Dakota) Aa1 AA+ AA- NR
BB&T (BB&T Co/WI) Aa2 AA- AA- AA
Fifth Third Bancorp (Fifth Third Bank) Aa2 AA- A+ AA
Wachovia (Wachovia Bank NA) Aa2 AA- A+ AA
PNC (PNC Bank NA) Aa3 AA- A+ AAL
SunTrust (SunTrust Bank) Aa3 AA- A+ AAL
M&I (M&I Bank) Aa3 A A+ AH
Comerica (Comerica Bank) A1 A+ A+ AH
Regions (Regions Bank) A1 A+ A+ AAL
Key (Key Bank NA) A1 A A NR
M&T (Manufacturers & Traders Trust Co.) A1 A A- A
National City (National City Bank) A2 A A AAL
Huntington (Huntington National Bank) A2 A- A- A
Zions (Zions First National Bank, Utah) A2 A- A- A
NR: not rated
Source: Bloomberg LLP as of 09/03/2008
The ratings listed in this document are generated from information provided to Fifth Third through Bloomberg LP. These ratings are subject to change based upon
criteria developed by the applicable rating agency; Fifth Third does not necessarily agree with any of these ratings and has not independently verified or reviewed any of
these companies to determine whether they would meet any ratings, underwriting or other credit criteria developed independently by Fifth Third. Neither you nor any
customer should use these ratings as determinative in purchasing credit or other services from Fifth Third. Fifth Third does not provide legal, accounting, financial, tax
or other expert advice. Consult your own legal, accounting, financial and tax advisors before making any decision to invest with or request credit from Fifth Third.
19 Fifth Third Bank | All Rights Reserved
20. Fifth Third differentiators
Integrated affiliate delivery model
Strong sales culture
Operational efficiency
Streamlined decision making
Integrated payments platform (FTPS)
Acquisition integration
Customer satisfaction
20 Fifth Third Bank | All Rights Reserved
21. Summary and priorities
Fifth Third has taken steps to ensure it is well-positioned to weather
potential further deterioration in the credit environment
Delivery of strong operating results remains a hallmark of Fifth Third
despite sluggish economy
Capital plan designed to maintain Tier 1 capital in excess of 8% under
significant additional stress in credit trends
21 Fifth Third Bank | All Rights Reserved
22. Fifth Third: building a better tomorrow
Consistently outperform the U.S. banking industry
Deliver growth in excess of industry
Enhance the customer experience
Increase employee engagement
Institutionalize enterprise operational excellence
22 Fifth Third Bank | All Rights Reserved
23. Appendix
23 Fifth Third Bank | All Rights Reserved
24. Nonperforming assets
Other
$44M
C&I* 2%
• Total NPAs of $2.2B, or 256 bps
$431M
20% • Commercial NPAs of $1.5B; recent growth
driven by commercial construction and real
estate, particularly in Michigan and Florida
CRE
$1.1B
• Consumer NPAs of $674M; recent growth
49%
driven by residential real estate, particularly
in Michigan and Florida
Residential
$630M
29%
C&I* (20%) CRE (49%) Residential (29%) Other Consumer (2%)
9%
14%
16%
22%
20%
31%
16%
37%
39%
15%
3%
3%
1% 17%
30%
22%
4%
7%
0%
17% 5%
2%
11%
1% 3%
1%1%1%
7% 2% 8%
4% 8%
6%
17%
MICHIGAN OHIO KENTUCKY TENNESSEE NORTH OTHER / FLORIDA
INDIANA ILLINOIS
CAROLINA / NATIONAL
GEORGIA
*C&I includes commercial lease
24 Fifth Third Bank | All Rights Reserved
25. Commercial construction
Credit trends Loans by geography
FL MI
21% 19%
Commercial construction
2Q07 3Q07 4Q07 1Q08 2Q08 Other
($ in millions)
1%
$5,469 $5,463 $5,561 $5,592 $6,007
Balance
$33 $54 $67 $49 $53
90+ days delinquent NC/GA
0.60% 0.99% 1.21% 0.87% 0.88%
90+ days ratio 5%
$66 $106 $257 $418 $552
NPAs
TN
1.21% 1.94% 4.61% 7.48% 9.19%
as % of loans
7% OH
$7 $5 $12 $72 $49
Net charge-offs
26%
0.48% 0.35% 0.83% 5.20% 3.46%
as % of loans KY
5%
IL
IN
8%
8%
Comments Loans by industry
Other
8%
Wholesale Accomodation
Trade 1%
• Declining valuations in residential and land 6%
developments Auto Retailers
Construction
1%
• Higher concentrations in now stressed markets (Florida 37%
Retail Trade
and Michigan) 1%
• Continued stress expected through 2008
Finance &
insurance
1%
Real estate
44%
Manufacturing
1%
25 Fifth Third Bank | All Rights Reserved
26. Homebuilder/developer
Credit trends Portfolio split Loans by geography
MI
C&I
22%
8%
Commercial
FL
Homebuilders/developers* construction
53%
32%
($ in millions) 3Q07 4Q07 1Q08 2Q08
Balance $2,594 $2,868 $2,705 $3,295
90+ days delinquent $50 $57 $60 $123
90+ days ratio 1.94% 1.99% 2.21% 3.73%
NPAs $78 $176 $309 $547
as % of loans 3.01% 6.14% 11.42% 16.62%
OH
Net charge-offs $4 $8 $43 $34
Other 18%
as % of loans 0.54% 1.11% 6.14% 4.63%
0%
Commercial
mortgage
*Current definition not in use prior to 3Q07 39%
NC/GA IN
14% TN KY IL 4%
4% 2% 4%
Comments Loans by property type
Residential
vertical
• Making no new loans to builder/developer sector 19%
• Residential & land valuations under continued stress
• 6% of commercial loans; < 4% of total gross loans
Raw &
• Balance by product approximately 53% Construction, developed
39% Mortgage, 8% C&I land
52%
• 12% of loans are speculative loans Other
including
acquired
portfolio
29%
26 Fifth Third Bank | All Rights Reserved
27. Residential mortgage
Credit trends Loans by geography
MI
15%
FL
Residential mortgage
31%
2Q07 3Q07 4Q07 1Q08 2Q08
($ in millions)
$8,477 $9,057 $10,540 $9,873 $9,866
Balance
$98 $116 $186 $192 $229
90+ days delinquent
1.15% 1.28% 1.76% 1.95% 2.32%
90+ days ratio
OH
$112 $150 $216 $333 $448
NPAs 23%
1.32% 1.65% 2.04% 3.37% 4.54%
as % of loans
$9 $9 $18 $34 $63
Net charge-offs
0.43% 0.41% 0.72% 1.33% 2.57%
as % of loans
Other*
IN
13%
6%
TN KY IL
2% 4% 6%
Comments Portfolio details
1st liens: 100% ; weighted average LTV: 77%
31% FL concentration driving 63% total loss
Weighted average origination FICO: 728
FL lots ($454 mm) running at 15% annualized loss
rate (YTD) Origination FICO distribution: <659 13%; 660-689 11%; 690-719
17%; 720-749 18%; 750+ 41%
Mortgage company originations targeting 95%
(note: loans <659 includes CRA loans and FHA/VA loans)
salability
Origination LTV distribution: <70 26%; 70.1-80 42%; 80.1-90 11%;
90.1-95 5%; >95% 16%
Vintage distribution: 2008 8%; 2007 18%; 2006 17%; 2005 28%;
2004 14%; prior to 2004 15%
% through broker: 12%; performance similar to direct
*Other includes North Carolina and Georgia
27 Fifth Third Bank | All Rights Reserved
28. Home equity
Credit trends Brokered loans by geography Direct loans by geography
FL FL
MI
3%
Home equity - brokered 8% MI
20%
2Q07 3Q07 4Q07 1Q08 2Q08
($ in millions) 22%
Other*
Other*
$2,810 $2,746 $2,713 $2,651 $2,433
Balance
8%
24%
$24 $30 $34 $33 $34
90+ days delinquent
0.86% 1.08% 1.25% 1.26% 1.40%
90+ days ratio
KY
$9 $14 $17 $23 $28
Net charge-offs
9%
1.19% 1.94% 2.52% 3.29% 4.64%
as % of loans
OH
25%
Home equity - direct
IL
2Q07 3Q07 4Q07 1Q08 2Q08
($ in millions) KY 10% OH
$8,970 $8,991 $9,161 $9,152 $9,988
Balance 8%
33%
$37 $34 $38 $43 $42
90+ days delinquent
0.41% 0.38% 0.41% 0.47% 0.42%
90+ days ratio IL
IN
IN
$11 $14 $15 $18 $27
Net charge-offs 11%
10%
10%
0.48% 0.59% 0.66% 0.78% 1.07%
as % of loans
Comments Portfolio details
1st liens: 24%; 2nd liens: 76% (18% of 2nd liens behind FITB 1st s)
Approximately 20% of portfolio concentration in
Weighted average origination FICO: 755
broker product driving approximately 51% total loss
Origination FICO distribution: <659 5%; 660-689 9%; 690-719 16%; 720-
Portfolio experiencing increased loss severity (losses 749 19%; 750+ 51%
on 2nd liens approximately 100%) Weighted average CLTV: 77% (1st liens 65%; 2nd liens 82%)Origination
CLTV distribution: <70 28%; 70.1-80 22%; 80.1-90 21%; 90.1-95 10; >95
Aggressive home equity line management strategies 20%
in place
Vintage distribution: 2008 7%; 2007 13%; 2006 19%; 2005 17%; 2004
13%; prior to 2004 31%
% through broker channels: 20% WA FICO: 740 brokered, 758 direct;
WA CLTV: 89% brokered; 74% direct
Note: Brokered and direct home equity net charge-off ratios are calculated based on end of period loan balances
*Other includes North Carolina, Georgia, and Tennessee
28 Fifth Third Bank | All Rights Reserved
29. Michigan market
Loans % of NPAs % of NCOs % of
(bn) FITB (mm) FITB (mm) FITB
($ in millions) Economic weakness impacts
5.01 17% 87 21% 16 15%
Commercial loans commercial real estate market
3.86 29% 152 28% 10 50%
Commercial mortgage
1.16 19% 187 34% 14 29%
Commercial construction Issues: homebuilders, developers
0.22 6% 7 42% (0) 3%
Commercial lease
tied to weak real estate market
10.24 20% $434 28% 41 23%
Commercial
1.43 15% 70 16% 6 9%
Mortgage
Issues: valuations, economy,
2.68 22% 55 30% 15 27%
Home equity
unemployment
1.14 14% 4 15% 4 14%
Auto
0.30 18% 3 20% 4 19%
Credit card
0.12 10% 0 6% 0 12%
Other consumer
5.67 17% $132 20% 29 17%
Consumer
15.91 19% $566 26% 69 20%
Total
Summary:
Deterioration in home price values coupled with weak economy (unemployment rate of 7.4%) impacting credit trends due to
frequency of defaults and severity
Net charge-offs
Total Loans NPAs
Auto Credit Card
Credit Card Hom e Equity Other Cons
Other Cons 1% 1% Credit Card
Auto 2% 10% 1%
1% 6%
7% Auto
C&I
5%
15%
C&I
Resi Mortgage
Hom e Equity C&I 24%
12%
17% 32%
Hom e Equity
21%
Com l Lease
1%
Resi Mortgage Com m ercial
Mortgage
9% Com m ercial
27%
Mortgage
15%
Com l Const
Com m ercial
Com l Lease 33%
Mortgage
1% Resi Mortgage
Com l Const Com l Const
24% 8%
7% 20%
29 Fifth Third Bank | All Rights Reserved
30. Florida market
Loans % of NPAs % of NCOs % of
Issues: homebuilders, developers
(bn) FITB (mm) FITB (mm) FITB
($ in millions)
tied to weakening real estate
2.11 7% 61 15% 14 13%
Commercial loans
market
1.95 15% 215 40% 2 8%
Commercial mortgage
1.26 21% 193 35% 16 33%
Commercial construction
Issues: increasing severity of loss
0.00 0% - 0% - 0%
Commercial lease
due to significant declines in
5.31 10% $469 31% 32 18%
Commercial
valuations
3.09 31% 233 52% 40 63%
Mortgage
0.91 7% 14 8% 8 15%
Home equity
Issues: valuations; relatively small
0.42 5% 3 12% 2 9%
Auto
home equity portfolio
0.08 5% 1 4% 1 5%
Credit card
0.12 10% 0 14% 1 15%
Other consumer
4.61 14% $251 37% 52 31%
Consumer
9.92 12% $720 33% 84 24%
Total
Summary:
Deterioration in real estate values having effect on credit trends as evidenced by increasing NPA/NCOs in real estate related
products
Total Loans Net charge-offs
NPAs
Credit Card
Credit Card
Auto 1% Other Cons
1% Auto
Other Cons Hom e Equity
C&I
4% 1%
3%
1% 2%
9% Hom e Equity C&I
Hom e Equity
C&I 10% 17%
9%
21% Resi Mortgage
Com m ercial
32%
Com m ercial Mortgage
2%
Mortgage
30%
Com m ercial
Resi Mortgage Com l Const
Mortgage
19%
31% 20%
Resi Mortgage
Com l Const 47%
Com l Const
13%
27%
30 Fifth Third Bank | All Rights Reserved
31. Cautionary statement
This report may contain forward-looking statements about Fifth Third Bancorp and/or the company as combined acquired entities within the meaning of
Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities Exchange Act of 1934, as
amended, and Rule 3b-6 promulgated thereunder, that involve inherent risks and uncertainties. This report may contain certain forward-looking
statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of Fifth Third Bancorp and/or
the combined company including statements preceded by, followed by or that include the words or phrases such as “believes,” “expects,” “anticipates,”
“plans,” “trend,” “objective,” “continue,” “remain” or similar expressions or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,”
“can,” “may” or similar expressions. 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 national 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) changes and trends in capital markets; (8) competitive pressures among
depository institutions increase significantly; (9) effects of critical accounting policies and judgments; (10) changes in accounting policies or procedures
as may be required by the Financial Accounting Standards Board or other regulatory agencies; (11) 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; (12) ability to maintain favorable ratings from rating agencies; (13) fluctuation of
Fifth Third’s stock price; (14) ability to attract and retain key personnel; (15) ability to receive dividends from its subsidiaries; (16) potentially dilutive effect
of future acquisitions on current shareholders' ownership of Fifth Third; (17) effects of accounting or financial results of one or more acquired entities;
(18) difficulties in combining the operations of acquired entities; (19) inability to generate the gains on sale and related increase in shareholders’ equity
that it anticipates from the sale of certain non-core businesses, (20) loss of income from the sale of certain non-core businesses could have an adverse
effect on Fifth Third’s earnings and future growth (21) ability to secure confidential information through the use of computer systems and
telecommunications networks; and (22) the impact of reputational risk created by these developments on such matters as business generation and
retention, funding and liquidity. Additional information concerning factors that could cause actual results to differ materially from those expressed or
implied in the forward-looking statements is available in the Bancorp's Annual Report on Form 10-K for the year ended December 31, 2007, filed with the
United States Securities and Exchange Commission (SEC). Copies of this filing are available at no cost on the SEC's Web site at www.sec.gov or on the
Fifth Third’s Web site at www.53.com. Fifth Third undertakes no obligation to release revisions to these forward-looking statements or reflect events or
circumstances after the date of this report.
31 Fifth Third Bank | All Rights Reserved