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Fifth Third Bank, Florida

Naples, FL · Cert 27542

FDIC

Q3 2003

$703.5MAssets
$401.0MLoans
$598.0MDeposits
$54.3MEquity
Loan mix
42%RE $117.5M57%C&I $162.0M1%Consumer $3.1MQ3 2002Q3 2003
Deposit mix
86%Interest-bearing $515.1M14%Noninterest $82.9MQ3 2002Q3 2003

NIM

7.10%Q3 ’015.35%Q3 ’024.46%Q3 ’03-16%-6%

Non-interest income vs. expense

3.38%Q3 ’012.85%Q3 ’023.49%Q3 ’03-18%+17%

Executive Summary

  • Earnings: ROA of 0.64%, down 84 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.74%.
  • Funding: loans stand at 67.07% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.64%-84 bps YoY

Net Interest Margin (YTD, annualized)

3.46%-22 bps YoY

Efficiency Ratio (YTD, annualized)

67.69%+1,072 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.49%1.16%0.82%0.73%0.64%-84 bps
Return on Equity22.01%16.96%11.30%9.85%8.56%-1,345 bps
Net Interest Margin3.68%3.61%3.46%3.44%3.46%-22 bps
Efficiency Ratio56.97%61.09%69.10%67.59%67.69%+1,072 bps
Non-Interest Burden1.53%1.71%1.85%1.80%1.80%+26 bps
Growth
Asset Growth (YoY)45.84%42.27%31.06%15.74%20.74%-2,511 bps
Loan Growth (YoY)28.53%45.96%39.93%44.09%38.72%+1,019 bps
Deposit Growth (YoY)53.05%38.37%30.08%26.22%19.48%-3,357 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.36%0.41%0.29%0.34%0.74%+38 bps
Allowance / Loans1.50%1.50%1.50%1.76%1.75%+25 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 Capital11.88%10.15%10.79%11.81%11.03%-85 bps
Equity / Assets7.81%7.10%7.45%7.75%7.72%-8 bps
Liquidity & Funding
Loans / Deposits57.76%64.42%57.31%61.35%67.07%+930 bps
Liquid Assets / Assets0.00%0.00%0.01%0.01%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a