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Fifth Third Bank, Northern Kentucky, Inc.

Covington, KY · Cert 9667

FDIC

Q3 2003

$1.5BAssets
$786.8MLoans
$1.2BDeposits
$116.8MEquity
Loan mix
29%RE $115.9M67%C&I $266.6M4%Consumer $15.2MQ3 2002Q3 2003
Deposit mix
79%Interest-bearing $910.7M21%Noninterest $242.4MQ3 2002Q3 2003

NIM

7.07%Q3 ’015.33%Q3 ’024.00%Q3 ’03-3%-20%

Non-interest income vs. expense

2.40%Q3 ’012.77%Q3 ’022.99%Q3 ’03+248%-5%

Executive Summary

  • Earnings: ROA of 0.62%, down 138 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.42%.
  • Funding: loans stand at 68.24% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.62%-138 bps YoY

Net Interest Margin (YTD, annualized)

2.98%-75 bps YoY

Efficiency Ratio (YTD, annualized)

55.15%+842 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 Assets2.01%1.88%1.31%0.26%0.62%-138 bps
Return on Equity27.05%25.38%17.16%3.35%8.06%-1,899 bps
Net Interest Margin3.73%3.32%2.91%3.04%2.98%-75 bps
Efficiency Ratio46.73%49.65%61.32%56.99%55.15%+842 bps
Non-Interest Burden0.58%0.63%0.91%0.69%0.55%-3 bps
Growth
Asset Growth (YoY)11.27%14.73%13.96%9.93%10.97%-31 bps
Loan Growth (YoY)0.78%-0.44%18.10%13.78%11.45%+1,067 bps
Deposit Growth (YoY)18.53%21.89%15.22%12.23%2.78%-1,575 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.21%0.30%0.32%0.42%+21 bps
Allowance / Loans1.48%1.48%1.48%3.01%3.14%+165 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 Capital11.39%10.74%11.08%11.90%12.00%+62 bps
Equity / Assets7.50%7.31%7.94%7.99%7.71%+20 bps
Liquidity & Funding
Loans / Deposits62.93%58.30%63.37%68.18%68.24%+531 bps
Liquid Assets / Assets0.62%0.58%0.57%0.48%0.43%-20 bps
CRE / Total Capitaln/an/an/an/an/an/an/a