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Fifth Third Bank, Kentucky, Inc.

Louisville, KY · Cert 14099

FDIC

Q3 2003

$2.6BAssets
$1.6BLoans
$2.0BDeposits
$279.6MEquity
Loan mix
19%RE $185.1M78%C&I $757.6M4%Consumer $34.6MQ3 2002Q3 2003
Deposit mix
72%Interest-bearing $1.5B28%Noninterest $0.6BQ3 2002Q3 2003

NIM

6.80%Q3 ’015.66%Q3 ’024.59%Q3 ’03+4%-9%

Non-interest income vs. expense

3.50%Q3 ’013.19%Q3 ’023.43%Q3 ’03-22%-35%

Executive Summary

  • Earnings: ROA of 1.87%, down 61 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.71%.
  • Funding: loans stand at 80.58% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

1.87%-61 bps YoY

Net Interest Margin (quarter, annualized)

3.78%-37 bps YoY

Efficiency Ratio (quarter, annualized)

51.06%+255 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets2.48%1.98%1.79%1.19%1.87%-61 bps
Return on Equity28.32%21.34%17.99%11.40%17.53%-1,079 bps
Net Interest Margin4.15%3.93%3.89%3.94%3.78%-37 bps
Efficiency Ratio48.50%53.08%53.79%53.88%51.06%+255 bps
Non-Interest Burden0.76%0.80%0.79%0.71%0.49%-27 bps
Growth
Asset Growth (YoY)11.01%5.30%15.61%4.22%0.71%-1,030 bps
Loan Growth (YoY)4.56%12.22%26.16%27.49%18.80%+1,424 bps
Deposit Growth (YoY)13.63%12.09%14.40%2.82%1.73%-1,190 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.28%0.29%0.48%0.71%+59 bps
Allowance / Loans1.49%1.48%1.47%1.70%1.70%+22 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital11.02%10.09%11.15%11.98%11.37%+34 bps
Equity / Assets8.90%9.61%10.24%10.69%10.64%+174 bps
Liquidity & Funding
Loans / Deposits69.00%66.65%67.70%75.96%80.58%+1,158 bps
Liquid Assets / Assets0.04%0.04%0.06%0.07%0.05%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a