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Letter portraitLegal landscapeQuarterYTD

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 $34.6MQ4 2001Q3 2003
Deposit mix
72%Interest-bearing $1.5B28%Noninterest $0.6BQ4 2001Q3 2003

Executive Summary

  • Earnings: ROA of 1.62%, down 51 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.48%.
  • Funding: loans stand at 80.58% of deposits as of Q3 2003.

Return on Assets (YTD, annualized)

1.62%-51 bps YoY

Net Interest Margin (YTD, annualized)

3.81%-28 bps YoY

Efficiency Ratio (YTD, annualized)

52.91%+229 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.90%Q3 ’015.68%Q3 ’024.73%Q3 ’03+5%-7%

Non-interest income vs. expense

3.27%Q3 ’013.26%Q3 ’023.55%Q3 ’03-19%-28%

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.80%1.96%1.96%2.13%2.09%1.79%1.51%1.62%-51 bps
Return on Equityn/a23.84%23.41%25.12%23.99%17.99%14.79%15.78%-933 bps
Net Interest Margin3.94%4.13%4.16%4.09%4.02%3.89%3.93%3.81%-28 bps
Efficiency Ratio53.72%54.37%51.71%50.62%51.25%53.79%53.84%52.91%+229 bps
Non-Interest Burden1.07%1.18%1.01%0.91%0.88%0.79%0.76%0.66%-25 bps
Growth
Asset Growth (YoY)10.37%12.50%13.67%11.01%5.30%15.61%4.22%0.71%-1,030 bps
Loan Growth (YoY)1.25%-9.89%-4.85%4.56%12.22%26.16%27.49%18.80%+1,424 bps
Deposit Growth (YoY)10.39%8.76%17.52%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.47%0.49%0.35%0.25%0.26%0.29%0.38%0.48%+23 bps
Allowance / Loans1.48%1.48%1.48%1.49%1.48%1.47%1.70%1.70%+22 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital11.30%11.78%11.52%11.02%10.09%11.15%11.98%11.37%+34 bps
Equity / Assets8.10%8.39%8.58%8.90%9.61%10.24%10.69%10.64%+174 bps
Liquidity & Funding
Loans / Deposits66.57%61.39%61.26%69.00%66.65%67.70%75.96%80.58%+1,158 bps
Liquid Assets / Assets0.04%0.00%0.05%0.04%0.04%0.06%0.07%0.05%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a