Fifth Third Bancorp (FITB)

Fifth Third’s Newline Recognized by American Banker for Powering Next-Generation Payments InfrastructureJune 5, 2026 8:00 AM
Business Wire Fifth Third Bank (NASDAQ: FITB) today announced that its Newline™ platform has been named an Innovation of the Year 2026 honoree by American Banker, recognizing its role in powering large-scale payments and embedded finance capabilities for fintechs and enterprise clients. As part of its Innovation of the Year program, American Banker recognizes teams and individuals whose groundbreaking, innovative projects, initiatives and developments solve key challenges, capitalize on new opportunities and drive measurable results while redefining the future of digital finance. Newline reflects a growing shift in the payments landscape, where fintechs and platforms require bank partners that can operate as scalable, technology-driven infrastructure providers. By combining the reach and regulatory strength of a top U.S. bank with modern, API-driven architecture, Fifth Third is enabling clients to embed payments, cards and financial services directly into their own ecosystems. American Banker noted “Newline's key product launch in 2025 was agentic commerce infrastructure – the plumbing for a future in which AI agents, not humans, initiate and approve payments.” “Newline represents a different model for how banks support innovation in payments,” said Bridgit Chayt, head of Commercial Payments at Fifth Third. “By pairing the creativity and agility of our people with the strength, scale and trust of a leading bank, we’re delivering solutions that help our clients move faster, serve their customers better and stay ahead.” American Banker further commented “(Newline) is now the fastest growing segment in Fifth Third's commercial payments business, which generated more than $1 billion in fee revenue in 2025. The division expects to process more than $25 trillion in payment volume in 2026, compared with the $9 trillion it processed in 2016.” All honorees will be recognized at American Banker's Digital Banking Conference and the Most Innovative People in Finance and Innovation of the Year awards dinner on June 16. About Newline Newline by Fifth Third provides BIN sponsorship and a modern API-driven platform that enables enterprise clients to launch payment, card, and deposit products directly with the Bank. Its technology helps clients embed financial capabilities seamlessly into their products, backed by Fifth Third’s standards for performance, scalability, and risk management. Newline powers offerings for leaders including Trustly and Stripe. About Fifth Third Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260605024415/en/ Adrienne Gutbier (Media Relations)

Fifth Third Bancorp Announces Results of Early Participation in Private Exchange Offers and Consent SolicitationsMay 22, 2026 8:30 AM
Business Wire Fifth Third Bancorp (Nasdaq: FITB) and Fifth Third Financial Corporation (“FTFC”) announced that, in connection with the previously announced offers to Eligible Holders (as defined herein) to exchange (each an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes originally issued by Comerica Incorporated and assumed by FTFC as successor by merger as set forth in the table below (the “Existing FTFC Notes”) for (1) up to $1,550,000,000 aggregate principal amount of new notes issued by Fifth Third Bancorp (the “New Fifth Third Notes”) and (2) cash, and related solicitations of consents by FTFC from Eligible Holders (each a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to the indenture governing the Existing FTFC Notes (the “Proposed Amendments”), as of 5:00 p.m., New York City time, on May 21, 2026 (the “Early Tender Date”), the following principal amounts of each series of Existing FTFC Notes have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked):   Title of Series of Existing FTFC Notes Aggregate
Principal Amount
Outstanding Notes Tendered at Early Tender Date Principal Amount Percentage 4.000% Senior Notes due 2029 $550,000,000 $330,541,000 60.10% 5.982% Fixed-To-Floating Rate Senior Notes due 2030 $1,000,000,000 $937,253,000 93.73% FTFC has received the requisite number of consents to adopt the Proposed Amendments with respect to each of the two outstanding series of Existing FTFC Notes that are subject to the Exchange Offers and Consent Solicitations. Accordingly, FTFC and the trustee for each such outstanding series of Existing FTFC Notes are expected to execute and deliver a supplemental indenture to amend the indenture governing the Existing FTFC Notes effecting the Proposed Amendments, which supplemental indenture will become operational on the final settlement date, which is expected to occur within two business days after the Expiration Date (the “Final Settlement Date”). Tendered Existing FTFC Notes may no longer be withdrawn. For each $1,000 principal amount of Existing FTFC Notes validly tendered at or prior to 5:00 p.m., New York City time, on the Early Tender Date and not validly withdrawn, Eligible Holders of Existing FTFC Notes will be eligible to receive the applicable consideration as set out in the column titled “Early Exchange Consideration” in the table below. Payment is expected to be made on the Final Settlement Date.    Title of Series
of Existing
FTFC Notes CUSIP
Number/ ISIN Maturity
Date Aggregate
Principal
Amount
Outstanding Exchange
Consideration1 Early Exchange
Consideration2 4.000% Senior Notes due 2029 200340 AT4/ US200340AT44 February 1, 2029 $550,000,000 $970 principal amount of New Fifth Third 4.000% Senior Notes due 2029   $1,000 principal amount of New Fifth Third 4.000% Senior Notes due 2029 and $1.00 in cash 5.982% Fixed-To-Floating Rate Senior Notes due 2030 200340 AW7/ US200340AW72 January 30, 2030 $1,000,000,000 $970 principal amount of New Fifth Third 5.982% Fixed-To-Floating Rate Senior Notes due 2030 $1,000 principal amount of New Fifth Third 5.982% Fixed-To-Floating Rate Senior Notes due 2030 and $1.00 in cash   1 For each $1,000 principal amount of Existing FTFC Notes validly tendered after the Early Tender Date but at or before the Expiration Date (as defined herein), not validly withdrawn and accepted for exchange. 2 For each $1,000 principal amount of Existing FTFC Notes validly tendered at or before the Early Tender Date, not validly withdrawn and accepted for exchange. The Exchange Offers and Consent Solicitations are being made pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated as of May 8, 2026 (as it may be amended or supplemented, the “Offering Memorandum and Consent Solicitation Statement”). Fifth Third Bancorp, in its sole discretion, may terminate, withdraw, amend or extend any of the Exchange Offers, subject to the terms and conditions set forth in the Offering Memorandum and Consent Solicitation Statement. Any such termination, withdrawal, amendment or extension by Fifth Third Bancorp will automatically terminate, withdraw, amend or extend the corresponding Consent Solicitation, as applicable. In addition, each Exchange Offer and Consent Solicitation is conditioned upon the completion of the other Exchange Offer and Consent Solicitation, although Fifth Third Bancorp may waive such condition at any time with respect to an Exchange Offer. Any waiver of a condition by Fifth Third Bancorp with respect to an Exchange Offer will automatically waive such condition with respect to the corresponding Consent Solicitation. The Exchange Offers and Consent Solicitations will expire at 5:00 p.m., New York City time, on June 8, 2026, unless extended (the “Expiration Date”). Eligible Holders who validly tender (and do not validly withdraw) their Existing FTFC Notes after the Early Tender Date but at or before the Expiration Date will be eligible to receive, on the Final Settlement Date, the applicable Exchange Consideration as set forth in the column titled “Exchange Consideration” in the table above. Payment for Existing FTFC Notes validly tendered (and not validly withdrawn) at or before the Expiration Date will be made on the Final Settlement Date. The Exchange Offers and Consent Solicitations are only being made, and documents relating to the Exchange Offers and Consent Solicitations are only being distributed, to holders of Existing FTFC Notes who complete and return an eligibility letter confirming that they are persons (a) in the United States who are reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or (b) who are outside the United States who are not “U.S. persons” as defined in Rule 902 under the Securities Act and who are eligible to participate in the Exchange Offer pursuant to the laws of the applicable jurisdiction, as set forth in the eligibility letter (“Eligible Holders”). The Exchange Offers and Consent Solicitations are not being made to holders of Existing FTFC Notes who are located in Canada. The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the Offering Memorandum and Consent Solicitation Statement, a copy of which may be obtained by Eligible Holders by contacting D.F. King & Co., Inc., the Exchange Agent and Information Agent in connection with the Exchange Offers and Consent Solicitations, by sending an email to

Fifth Third Bancorp to Participate in the Morgan Stanley US Financials ConferenceMay 20, 2026 4:00 PM
Business Wire Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2026 Morgan Stanley US Financials Conference on June 10, 2026, at approximately 7:30 AM ET. Bryan Preston, executive vice president and chief financial officer, and Kristof Schneider, executive vice president and chief credit officer, will represent the Company. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations section of www.53.com. Additionally, any slides used in the presentation will be made available in a printer-friendly format on the Company’s website. About Fifth Third Bancorp Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com. Category: Conferences View source version on businesswire.com: https://www.businesswire.com/news/home/20260520337381/en/ Matt Curoe (Investor Relations)

Fifth Third Bancorp Commences Private Exchange Offers and Fifth Third Financial Corporation Commences Consent SolicitationsMay 8, 2026 8:44 AM
Business Wire Fifth Third Bancorp (Nasdaq: FITB) and Fifth Third Financial Corporation (“FTFC”) today announced that, in connection with the recently completed merger of Comerica Incorporated with and into FTFC (the “Merger”), with FTFC surviving the Merger as a wholly owned subsidiary of Fifth Third Bancorp, Fifth Third Bancorp has commenced offers to Eligible Holders (as defined herein) to exchange (each an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes originally issued by Comerica Incorporated and assumed by FTFC as successor by merger as set forth in the table below (the “Existing FTFC Notes”) for (1) up to $1,550,000,000 aggregate principal amount of new notes issued by Fifth Third Bancorp (the “New Fifth Third Notes”) and (2) cash. The following table sets forth the Exchange Consideration and Early Exchange Consideration for each series of Existing FTFC Notes:       Title of Series     CUSIP Number/ ISIN     Maturity Date Aggregate Principal Amount Outstanding     Exchange Consideration1   Early Exchange Consideration2 Fifth Third Financial Corporation 4.000% Senior Notes due 2029 200340 AT4/ US200340AT44 February 1, 2029 $550,000,000 $970 principal amount of New Fifth Third 4.000% Senior Notes due 2029   $1,000 principal amount of New Fifth Third 4.000% Senior Notes due 2029 and $1.00 in cash Fifth Third Financial Corporation 5.982% Fixed-To-Floating Rate Senior Notes due 2030 200340 AW7/ US200340AW72 January 30, 2030 $1,000,000,000 $970 principal amount of New Fifth Third 5.982% Fixed-To-Floating Rate Senior Notes due 2030 $1,000 principal amount of New Fifth Third 5.982% Fixed-To-Floating Rate Senior Notes due 2030 and $1.00 in cash   1 For each $1,000 principal amount of Existing FTFC Notes validly tendered after the Early Tender Date (as defined herein) but at or before the Expiration Date (as defined herein), not validly withdrawn and accepted for exchange. 2 For each $1,000 principal amount of Existing FTFC Notes validly tendered at or before the Early Tender Date, not validly withdrawn and accepted for exchange. Concurrently with the Exchange Offers being made by Fifth Third Bancorp, FTFC is soliciting consents from Eligible Holders (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to the corresponding indentures governing the Existing FTFC Notes to eliminate certain of the covenants, restrictive provisions and events of default from such indentures (with respect to the corresponding indenture for such Existing FTFC Notes, the “Proposed Amendments”). Eligible Holders may deliver their consent to the Proposed Amendments only by tendering Existing FTFC Notes of the applicable series in the Exchange Offers and Consent Solicitations. Eligible Holders may not deliver a consent in a Consent Solicitation without tendering Existing FTFC Notes in the applicable Exchange Offer and Eligible Holders may not tender Existing FTFC Notes without also having been deemed to deliver a consent. The Exchange Offers and Consent Solicitations are being made pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated as of May 8, 2026 (as it may be amended or supplemented, the “Offering Memorandum and Consent Solicitation Statement”). Fifth Third Bancorp, in its sole discretion, may terminate, withdraw, amend or extend any of the Exchange Offers, subject to the terms and conditions set forth in the Offering Memorandum and Consent Solicitation Statement. Any such termination, withdrawal, amendment or extension by Fifth Third Bancorp will automatically terminate, withdraw, amend or extend the corresponding Consent Solicitation, as applicable. In addition, each Exchange Offer and Consent Solicitation is conditioned upon the completion of the other Exchange Offer and Consent Solicitation, although Fifth Third Bancorp may waive such condition at any time with respect to an Exchange Offer. Any waiver of a condition by Fifth Third Bancorp with respect to an Exchange Offer will automatically waive such condition with respect to the corresponding Consent Solicitation. Eligible Holders who validly tender (and do not validly withdraw) their Existing FTFC Notes at or before 5:00 p.m., New York City time, on May 21, 2026, unless extended (the “Early Tender Date”), will be eligible to receive, on the applicable settlement date, the applicable Early Exchange Consideration as set forth in the table above for all such Existing FTFC Notes that are accepted. Eligible Holders who validly tender (and do not validly withdraw) their Existing FTFC Notes after the Early Tender Date but at or before 5:00 p.m., New York City time, on June 8, 2026, unless extended (the “Expiration Date”), will be eligible to receive, on the applicable settlement date, the applicable Exchange Consideration as set forth in the table above for all such Existing FTFC Notes that are accepted. The Early Settlement Date will be determined at Fifth Third Bancorp’s option and is currently expected to occur within six business days after the Early Tender Date. The Final Settlement Date will be promptly after the Expiration Date and is currently expected to occur within two business days after the Expiration Date. The Exchange Offers and Consent Solicitations will only be made, and documents relating to the Exchange Offers and Consent Solicitations will only be distributed, to holders of Existing FTFC Notes who complete and return an eligibility letter confirming that they are persons (a) in the United States who are reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or (b) who are outside the United States who are not “U.S. persons” as defined in Rule 902 under the Securities Act and who are eligible to participate in the Exchange Offer pursuant to the laws of the applicable jurisdiction, as set forth in the eligibility letter (“Eligible Holders”). The Exchange Offers and Consent Solicitations will not be made to holders of Existing FTFC Notes who are located in Canada. The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the Offering Memorandum and Consent Solicitation Statement, a copy of which may be obtained by Eligible Holders by contacting D.F. King & Co., Inc., the Exchange Agent and Information Agent in connection with the Exchange Offers and Consent Solicitations, by sending an email to

Fifth Third Surprises New Parents With $1,053 College Savings Gift for Babies Born on Fifth Third DayMay 4, 2026 4:20 PM
Business Wire “Fifth Third Babies” born on May 3 in 53 hospitals across five cities received $1,053 toward a 529 college savings plan More than 200 babies born on Sunday at 53 hospitals across five cities received an unexpected head start toward college, just hours after entering the world. At hospitals in Chicago, Cincinnati, Detroit, Nashville, and Orlando, Fifth Third (Nasdaq: FITB) welcomed the new “Fifth Third Babies” and their parents with care packages that included a $1,053 gift card for a 529 college savings plan. Now in its ninth year, Fifth Third Babies is part of a broader national celebration associated with "Fifth Third Day," or 5/3 on the calendar. On Fifth Third Day, Fifth Third employees unite to pack millions of meals and support local hunger relief organizations. The day kicks off a month of volunteering activities across Fifth Third’s national footprint, focused on fighting food insecurity and expanding financial access and inclusion. “Fifth Third Day is about putting our values into action, and there’s no better place to start than by investing in the next generation,” said Kala Gibson, chief corporate responsibility officer for Fifth Third. “The day a child is born is one of life’s most important moments, and we want to show up for families with meaningful support. A small investment at the beginning can grow into something powerful over time.” Since 2017, Fifth Third Babies has delivered nearly $965,000 in 529 plan funding to the families of more than 900 babies born on Fifth Third Day across eight states, in partnership with Gift of College, Inc. Families receive care packages from Fifth Third with gift cards and other gifts for the new baby and parents, and labor & delivery care teams at participating hospitals also receive appreciation gifts from Fifth Third. “A contribution to a 529 plan account will help a child pursue their academic and career dreams and make their unique mark on the world – whatever that may be,” said Patricia Roberts, chief operating officer of the Gift of College and author of “Route 529: A Parent’s Guide to Saving for College and Career Training with 529 Plans.” “As the mom of a recent college graduate, I know first-hand how useful contributions to his 529 account proved to be over time. Opening an account when my son was an infant was one of the very best decisions I made as a new parent.” Fifty-three hospitals in total across Chicago, Cincinnati, Detroit, Nashville, and Orlando participated in Fifth Third Babies this year. Each family with a baby born on 5/3 received a $1,053 gift card that allows them to open a 529 college savings account. Parents can redeem the gift card into a 529 plan of their choosing. From 5/3 through 5/29, the public has the opportunity to participate in a social media sweepstakes to win a Fifth Third Babies gift bag, including a $1,053 Gift of College card to be redeemed at GiftofCollege.com into a 529 college savings plan. Winners will be selected on 529 Day, or 5/29 on the calendar. More information and full sweepstakes rules are available online at 53.com/babies.1 1 NO PURCHASE NECESSARY. Sweepstakes open to legal residents of the U.S., excluding New York. At least 18 years old to enter. Odds of winning depend upon the number of eligible entries received. Void where prohibited. Sweepstakes begins May 3, 2026, at 12:00 AM EST and ends May 29, 2026, at 8:00 AM EST. For complete sweepstakes rules visit 53.com/babies. Sweepstakes is in no way sponsored, endorsed, administered by, or associated with, Meta Platforms, Inc. About Fifth Third Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC. View source version on businesswire.com: https://www.businesswire.com/news/home/20260504535362/en/ Amanda Nageleisen (Media Relations)
amanda.nageleisen@53.com
Matt Curoe (Investor Relations)

Fifth Third Employees Tackle Food Insecurity and Financial Access Nationwide for 35th Annual “Fifth Third Day”May 4, 2026 2:19 PM
Business Wire
Employees volunteer and give back to their communities across the U.S.


Today, employees across Fifth Third Bank’s (Nasdaq: FITB) U.S. footprint will celebrate the 35th annual “Fifth Third Day” through service activities to help fight food insecurity and expand financial access within their local communities.


On Fifth Third Day (5/3 on the calendar), Fifth Third employees unite to pack millions of meals and support local hunger relief organizations. The day kicks off a month of volunteering activities across Fifth Third’s U.S. footprint, focused on fighting food insecurity and expanding financial access and inclusion.


“Every year, this tradition reminds me of something simple and important: who we are is defined by how we show up — for our customers, for each other and for our communities,” said Tim Spence, chairman, CEO and president of Fifth Third. “Today kicks off a month-long effort to provide millions of meals and expand financial access to the communities we serve. And following our merger with Comerica, we have an expanded footprint and a larger team, united in our desire to make a meaningful difference.”


Since 1991, Fifth Third has celebrated its employees, customers and communities on its signature day, May 3. Because the date falls on a weekend this year, service activities begin on May 4 and will continue throughout May in support of local hunger relief organizations.


This year’s Fifth Third Day reflects the Bank’s expanded footprint following its merger with Comerica Bank, bringing the tradition to new communities for the first time. The day provides an opportunity for Fifth Third’s existing and new employees to unite behind a common goal: helping address food insecurity and advancing financial access and inclusion among their friends and neighbors.


“According to Feeding America, 48 million people in the United States face food insecurity, including 1 in 5 children. Our efforts on Fifth Third Day and throughout the month of May can make a difference,” said Kala Gibson, chief corporate responsibility officer for Fifth Third. “As Fifth Third and Comerica come together as the nation’s ninth largest U.S. bank, this year’s Fifth Third Day is special because it reflects our shared commitment to showing up for our communities where it matters the most.”


Expanding financial access for local communities


For more than 20 years, the Fifth Third Financial Empowerment Mobile, commonly known as the eBus, has brought financial access, social services, and education directly into communities the Bank serves, especially in underserved areas.


The eBus will visit communities across Ohio on Fifth Third Day and throughout the month of May as part of a 10-state tour that runs through November.


In partnership with SpringFour, the eBus connects community members to vital human and social services organizations to address needs related to food savings, rental resources, childcare, employment services, small business support and more. Through its digital self-service financial wellness solution, SpringFour delivers access to more than 27,000 local, state, and national nonprofit and government resources across more than 25 categories.


Fifth Third and SpringFour reimagined and relaunched the eBus on Fifth Third Day in 2024. Over the past two years, the eBus has delivered more than 31,000 financial health referrals during more than 3,000 visits, connecting individuals and families to essential resources. Services are free and available to all, regardless of whether the visitor is a Fifth Third customer.


Supporting the next generation


Fifth Third’s commitment to its communities also means investing in the next generation from the very beginning.


On May 3, Fifth Third surprised the families of babies born on Fifth Third Day at 53 select local hospitals across five cities – Chicago, Cincinnati, Detroit, Nashville, Orlando – with a gift of $1,053 to open a 529 college savings account.


Since 2017, Fifth Third Babies has delivered nearly $965,000 in 529 plan funding to the families of more than 900 babies born on Fifth Third Day across eight states, in partnership with Gift of College, Inc. Families also receive care packages from Fifth Third with gift cards and gifts for the new baby and parents.


From 5/3 through 5/29, the public has the opportunity to participate in a social media sweepstakes to win a Fifth Third Babies gift bag, including a $1,053 Gift of College card to be redeemed at GiftofCollege.com into a 529 college savings plan. Winners will be selected on 529 Day, or 5/29 on the calendar. More information and full sweepstakes rules are available online at 53.com/babies.1


1 NO PURCHASE NECESSARY. Sweepstakes open to legal residents of the U.S., excluding New York. At least 18 years old to enter. Odds of winning depend upon the number of eligible entries received. Void where prohibited. Sweepstakes begins May 3, 2026, at 12:00 AM EST and ends May 29, 2026, at 8:00 AM EST. For complete sweepstakes rules visit 53.com/babies. Sweepstakes is in no way sponsored, endorsed, administered by, or associated with, Meta Platforms, Inc.


About Fifth Third


Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.


Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504218040/en/
Amanda Nageleisen (Media Relations)

amanda.nageleisen@53.com


Matt Curoe (Investor Relations)

Fifth Third Stakes Claim in Texas with First Branch OpeningApril 22, 2026 4:16 PM
Business Wire
Frisco Debut Fuels Texas Expansion with 150 Financial Centers Planned by 2029


Fifth Third (Nasdaq: FITB) today opened its first Texas financial center in Frisco, launching a broader expansion that builds on Comerica’s existing presence and represents more than $700 million in planned investment across the state. Following the conversion of Comerica branches on September 8, Fifth Third will operate 108 locations in Texas and plans to grow to more than 250 financial centers by 2029, securing a top-five footprint in Dallas, Austin, and Houston.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260422249510/en/Brian Enzler, Fifth Third North Texas Region President and Gabriel Wang, Fifth Third Financial Center Manager, reveal the new Fifth Third signage at Cowboys Way.
“Our goal is always to show up in a way that makes life easier for customers and strengthens the communities we join,” said Shawn Niehaus, Head of Consumer Banking at Fifth Third. “As we begin opening locations in Texas, we’re bringing a banking experience designed to meet people where they are and support their ambitions.”


Frisco is one of the fastest-growing cities in the country, with an average of 24 people moving to the area every day, according to the U.S. Census Bureau. A major corporate hub with a thriving job market and a growing center for technology, Frisco is a premier, family friendly destination featuring highly regarded schools and extensive entertainment options.


“Frisco is a city defined by its momentum — a place where innovation isn’t just encouraged, it’s expected,” remarked Brian Enzler, Fifth Third North Texas Region President. “That spirit perfectly aligns with Fifth Third’s commitment to delivering modern, intuitive, and technology forward banking experiences. As the community continues to grow and set new standards for what a vibrant, future focused city can be, we’re excited to deepen our presence here. Our new Frisco branch reflects our belief in the city’s trajectory and our dedication to bringing customers smarter, more innovative ways to bank.”


Today’s opening is the first of 60 financial centers planned in North Texas over the next three years, laying the foundation for a strong market presence and top tier deposit share. Fifth Third’s entrance into Texas is part of a national expansion strategy that will grow the Bank’s retail presence to approximately 1,750 locations by 2030 across 17 of the 20 fastest-growing large markets in the U.S.


Over the last decade, Fifth Third has developed and refined a rapid deployment model for identifying, securing, and opening new locations. Powered by advanced data intelligence and industry leading innovation, the Bank is building density in the nation’s fastest growing markets and delivering its award-winning customer experiences with speed and precision. Fifth Third de novos opened in 2024 and 2025 averaged $25 million in deposits in their first 12 months—achieving 200% of targeted deposit growth and reaching profitability in just 36 months.


Data-Driven Expansion Strategy


Fifth Third’s expansion is informed by proprietary digital tools and analytics. The Bank’s Market Strength Index (MSI) and geospatial heatmaps—drawing on trillions of calculations and thousands of data points, including anonymized cellphone data—pinpoint optimal branch locations in high growth areas. This methodology has enabled Fifth Third to secure all 200 Southeast locations planned through 2028, and have letters of intent in place or in progress for approximately half of its future Texas sites.


Innovative Branch Design


Fifth Third’s new financial centers are designed to reflect how consumers want to bank today—blending digital convenience with personalized, in person service. The financial centers feature open layouts and welcoming meeting spaces. For everyday banking needs, customers can rely on Fifth Third’s award-winning mobile app and Fifth Third Momentum Banking® platform. This integrated model empowers customers to manage transactions quickly or engage in deeper financial conversations in private, comfortable settings.


Fifth Third’s first Texas location is at 17 Cowboys Way in Frisco, anchoring the first floor of the Frisco Business & Innovation Hub.


About Fifth Third


Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.


Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260422249510/en/
Sophie Isherwood (Media Relations)

sophie.isherwood@53.com

Matt Curoe (Investor Relations)

Fifth Third Shares Slip Despite Earnings Beat as Merger Costs WeighApril 17, 2026 8:11 AM
IH Market News
Fifth Third Bancorp (NASDAQ:FITB) reported first-quarter results on Friday that topped analyst expectations, but its shares declined more than 2% in premarket trading as investors focused on the impact of merger-related expenses tied to its recent acquisition of Comerica.The Cincinnati-based lender posted adjusted earnings per share of $0.15, outperforming the consensus estimate of -$0.10.However, reported results were weighed down by a net negative impact of $0.68 per share stemming from merger-related charges and other items. Revenue totaled $2.83 billion on a fully taxable-equivalent basis, representing a 33% year-on-year increase, largely driven by the Comerica deal completed on February 1.Net interest income rose 34% year-on-year to $1.94 billion, while the net interest margin expanded by 27 basis points to 3.30% compared with the prior year.The acquisition of Comerica added $86 billion in assets, $51 billion in loans, and $65 billion in deposits at closing. Average loan balances increased 30% year-on-year to $158 billion, while average deposits climbed 28% to $209 billion.“The first quarter reflected continued momentum across Fifth Third,” said Tim Spence. “We delivered strong loan and deposit growth, driven by new commercial relationships and continued household expansion. We closed the acquisition of Comerica on February 1st, and early financial benefits are already showing up, including strong net interest margin expansion and tangible book value per share growth.”Credit quality remained stable, with net charge-offs at 37 basis points, the lowest level since the fourth quarter of 2023. The nonperforming asset ratio improved to 0.57%, down from 0.81% a year earlier.Noninterest expenses totaled $2.40 billion, up 84% year-on-year, reflecting $635 million in pre-tax merger-related charges during the quarter—roughly half of the expected full-year integration costs. Excluding certain items, adjusted noninterest expenses were $1.77 billion.The bank’s Common Equity Tier 1 (CET1) ratio stood at 9.96%, down from 10.43% a year earlier, primarily due to the capital impact of the Comerica acquisition.Fifth Third Bancorp stock price

Original: Fifth Third Shares Slip Despite Earnings Beat as Merger Costs Weigh

Fifth Third Bancorp Reports First Quarter 2026 EarningsApril 17, 2026 6:30 AM
Business Wire
Core business momentum remains strong and Comerica acquisition meaningfully propels growth trajectory


Reported results included a net negative $0.68 impact from certain items on page 2

Fifth Third Bancorp (NASDAQ: FITB):




Key Financial Data






 






 






 






 






 






 






Key Highlights








 






 






 






 






 






 






 






 






 






 






 








 






$ in millions for all balance sheet and income statement items






 






 






 






 






 






 






 








 






 






1Q26






4Q25






1Q25






Successfully closed Comerica acquisition




Opening Balances as of February 1st:





Total assets, including goodwill, of $86 billion





Total loans of $51 billion





Total deposits of $65 billion




 


Stability:





Solid credit performance. Net charge-offs(b) of 37 bps in 1Q26; lowest since 4Q23





Funding mix strengthened; demand deposits increased from 25% of total deposits to 28%





Tangible Common Equity(a) increased 11 bps to 7.3%




 


Profitability:





Net interest margin(a) expanded 17 bps sequentially





Adjusted ROTCE ex. AOCI(a) improved 190 bps and adjusted ROA(a) improved 9 bps year-over-year





Tangible book value per share(a) grew 15% year-over-year




 


Growth:





Newline deposits up $2.7B and fee revenues up 30% year-over-year





Legacy Fifth Third consumer household growth of 3%, including 8% in the Southeast





LOIs for 81 Texas branch locations executed or in process




 








 






 






 






 






 






 






 






 








 






Income Statement Data






 






 






 






 






 






 








 






Net income available to common shareholders






$128






 






$699






 






$478






 








 






Net interest income (U.S. GAAP)






1,934






 






1,529






 






1,437






 








 






Net interest income (FTE)(a)






1,939






 






1,533






 






1,442






 








 






Noninterest income






895






 






811






 






694






 








 






Noninterest expense






2,395






 






1,309






 






1,304






 








 






 






 






 






 






 






 






 








 






Per Share Data






 






 






 






 






 






 








 






Earnings per share, basic






$0.16






 






$1.05






 






$0.71






 








 






Earnings per share, diluted






0.15






 






1.04






 






0.71






 








 






Book value per share






35.24






 






30.18






 






27.41






 








 






Tangible book value per share(a)






22.88






 






22.60






 






19.92






 








 






 






 






 






 






 






 






 








 






Balance Sheet & Credit Quality






 






 






 






 






 






 








 






Average portfolio loans and leases






$157,632






 






$123,430






 






$121,272






 








 






Average deposits






209,352






 






168,384






 






164,157






 








 






Accumulated other comprehensive loss






(3,234)






 






(3,110)






 






(3,895)






 








 






Net charge-off ratio(b)






0.37






%






0.40






%






0.46






%








 






Nonperforming asset ratio(c)






0.57






 






0.65






 






0.81






 








 






 






 






 






 






 






 






 








 






Financial Ratios






 






 






 






 






 






 








 






Return on average assets






0.25






%






1.36






%






0.99






%








 






Return on average common equity






1.8






 






14.0






 






10.8






 








 






Return on average tangible common equity(a)






3.5






 






19.0






 






15.2






 








 






CET1 capital(d)






9.96






 






10.81






 






10.43






 








 






Net interest margin(a)






3.30






 






3.13






 






3.03






 








 






Efficiency(a)






84.5






 






55.8






 






61.0






 








 






Other than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.








 








 









From Tim Spence, Fifth Third Chairman, CEO and President:







The first quarter reflected continued momentum across Fifth Third. We delivered strong loan and deposit growth, driven by new commercial relationships and continued household expansion. We closed the acquisition of Comerica on February 1st, and early financial benefits are already showing up, including strong net interest margin expansion and tangible book value per share growth.


Integration is progressing as we expected. We have integrated the combined management teams and are retaining key customer-facing colleagues, supporting continuity for clients as we move forward as one organization. We are also seeing early revenue synergies across both commercial and consumer businesses.


Our focus is unchanged: stability, profitability, and growth, in that order. Disciplined execution will drive growth and deepen client relationships as we expand in our attractive footprint markets, while maintaining strong credit performance and delivering the expected financial synergies from Comerica. We are building a better and more resilient institution and remain committed to delivering consistent, long-term value for shareholders.




 






Income Statement Highlights






 






 






 






 






 






 






 






 






 






 








 






($ in millions, except per share data)






For the Three Months Ended






 






% Change






 








 






 






March






 






December






 






March






 






 






 






 






 








 






 






2026






 






2025






 






2025






 






Seq






 






Yr/Yr






 








 






Condensed Statements of Income






 






 






 






 






 






 






 






 






 






 








 






Net interest income (NII)(a)






$1,939






 






$1,533






 






$1,442






 






26






%






 






34






%






 








 






Provision for credit losses






227






 






119






 






174






 






91






%






 






30






%






 








 






Noninterest income






895






 






811






 






694






 






10






%






 






29






%






 








 






Noninterest expense






2,395






 






1,309






 






1,304






 






83






%






 






84






%






 








 






Income before income taxes(a)






$212






 






$916






 






$658






 






(77






)%






 






(68






)%






 








 






 






 






 






 






 






 






 






 






 






 






 








 






Taxable equivalent adjustment






$5






 






$4






 






$5






 






25






%






 






—






 






 








 






Applicable income tax expense






42






 






181






 






138






 






(77






)%






 






(70






)%






 








 






Net income






$165






 






$731






 






$515






 






(77






)%






 






(68






)%






 








 






Dividends on preferred stock






37






 






32






 






37






 






16






%






 






—






 






 








 






Net income available to common shareholders






$128






 






$699






 






$478






 






(82






)%






 






(73






)%






 








 






Earnings per share, diluted






$0.15






 






$1.04






 






$0.71






 






(86






)%






 






(79






)%






 







Fifth Third Bancorp (NASDAQ®: FITB) today reported first quarter 2026 net income available to common shareholders of $128 million, or $0.15 per diluted share, compared to $699 million, or $1.04 per diluted share, in the prior quarter and $478 million, or $0.71 per diluted share, in the year-ago quarter.


On February 1, 2026, Fifth Third completed the acquisition of Comerica Incorporated in an all-stock transaction valued at approximately $12.7 billion. First quarter results include two months of activity for Comerica.




 






Diluted earnings per share impact of certain item(s) - 1Q26






 








 






(after-tax impact; $ in millions, except per share data)






 








 






 






 






 








 






Merger-related charges(e)1,2






$(510)






 








 






Merger-related Day 1 ACL build(e)






(63)






 








 






Interchange litigation matters(e)






6






 








 






 






 






 








 






After-tax impact of certain item(s)






$(567)






 








 






 






 






 








 






Diluted earnings per share impact of certain item(s)3






$(0.68)






 








 






 






 






 








 






Totals may not foot due to rounding; 1A portion of the adjustments related to merger-related expenses are not tax-deductible; 2Pre-tax merger-related charges increased noninterest expense by $635 million and decreased noninterest income by $22 million; 3Diluted earnings per share impact reflects 830.274 million average diluted shares outstanding






 








 






 






 






 









 






Net Interest Income






 






 






 






 






 






 






 






 






 






 






 






 






 








 






(FTE; $ in millions)(a)






For the Three Months Ended






 






 






% Change






 








 






 






March






 






December






 






March






 






 






 






 






 








 






 






2026






 






2025






 






2025






 






Seq






 






Yr/Yr






 








 






Interest Income






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Interest income






$2,977






 






 






$2,472






 






 






$2,437






 






 






20%






 






22%






 








 






Interest expense






1,038






 






 






939






 






 






995






 






 






11%






 






4%






 








 






Net interest income (NII)






$1,939






 






 






$1,533






 






 






$1,442






 






 






26%






 






34%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Average Yield/Rate Analysis






 






 






 






 






 






 






 






 






 






bps Change






 








 






Yield on interest-earning assets






5.07%






 






 






5.05%






 






 






5.13%






 






 






2






 






(6)






 








 






Rate paid on interest-bearing liabilities






2.44%






 






 






2.60%






 






 






2.80%






 






 






(16)






 






(36)






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Ratios






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Net interest rate spread






2.63%






 






 






2.45%






 






 






2.33%






 






 






18






 






30






 








 






Net interest margin (NIM)






3.30%






 






 






3.13%






 






 






3.03%






 






 






17






 






27






 







Fully taxable-equivalent (FTE) NII of $1.939 billion increased $406 million, or 26%, compared to the prior quarter. This improvement primarily reflects contributions from the Comerica acquisition, lower funding costs and disciplined balance sheet management. These benefits were partially offset by the impact of market rates on floating rate loans and lower day count. These same factors contributed to the 17 bps increase in NIM compared to the prior quarter. Purchase accounting accretion contributed approximately $38 million to net interest income in the quarter.


Compared to the year-ago quarter, NII increased $497 million, or 34%, and NIM increased 27 bps. This improvement was driven by the addition of Comerica earning assets and lower funding costs, partially offset by lower market rates impacting earning asset yields.




 






Noninterest Income






 






 






 






 






 






 








 






($ in millions)






For the Three Months Ended






% Change






 








 






 






March






December






March






 






 






 








 






 






2026






2025






2025






Seq






Yr/Yr






 








 






Noninterest Income






 






 






 






 






 






 








 






Wealth and asset management revenue






$233






$185






$172






26%






35%






 








 






Commercial payments revenue






218






167






153






31%






42%






 








 






Consumer banking revenue






146






143






137






2%






7%






 








 






Capital markets fees






134






121






90






11%






49%






 








 






Commercial banking revenue






105






102






80






3%






31%






 








 






Mortgage banking net revenue






44






56






57






(21)%






(23)%






 








 






Other noninterest income






27






42






14






(36)%






93%






 








 






Securities losses, net






(12)






(5)






(9)






140%






33%






 








 






Total noninterest income






$895






$811






$694






10%






29%






 







Noninterest income of $895 million increased $84 million, or 10%, from the prior quarter and increased $201 million, or 29%, from the year-ago quarter. Both comparisons reflect two months of results from Comerica in the quarter. The reported results reflect the impact of certain items in the table below, including securities gains/losses which incorporate mark-to-market impacts from securities associated with non-qualified deferred compensation plans that are offset in noninterest expense.




 






Noninterest Income excluding certain items








 






($ in millions)






For the Three Months Ended






 






 






% Change






 








 






 






March






 






December






 






 






March






 






 






 






 








 






 






2026






 






2025






 






 






2025






 






 






Seq






 






Yr/Yr






 








 






Noninterest Income excluding certain items






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Noninterest income (U.S. GAAP)






$895






 






 






$811






 






 






$694






 






 






 






 






 






 








 






Merger-related charges






22






 






 






—






 






 






—






 






 






 






 






 






 








 






Interchange litigation matters






(8)






 






 






8






 






 






18






 






 






 






 






 






 








 






Litigation settlements






—






 






 






(12)






 






 






—






 






 






 






 






 






 








 






Securities losses, net






12






 






 






5






 






 






9






 






 






 






 






 






 








 






Noninterest income excluding certain items(a)






$921






 






 






$812






 






 






$721






 






 






13%






 






28%






 







Noninterest income excluding certain items of $921 million increased $109 million, or 13%, compared to the prior quarter and increased $200 million, or 28%, from the year-ago quarter.


Comparisons to the prior and year-ago quarters were primarily driven by merger-related impacts with additional incremental contributions from positive business momentum. Wealth and asset management revenue totaled $233 million, supported by seasonal tax-related revenue and higher personal asset management revenue. Commercial payments revenue was $218 million, reflecting continued strength in core treasury services. Capital markets fees of $134 million were driven by client financial risk management revenue. Commercial banking revenue totaled $105 million, reflecting higher commercial lending-related fees. Mortgage banking net revenue was $44 million, reflecting lower MSR net valuation adjustments.




 






Noninterest Expense






 






 






 






 






 






 








 






($ in millions)






For the Three Months Ended






% Change






 








 






 






March






December






March






 






 






 








 






 






2026






2025






2025






Seq






Yr/Yr






 








 






Noninterest Expense






 






 






 






 






 






 








 






Compensation and benefits






$1,410






$683






$750






106%






88%






 








 






Technology and communications






204






138






123






48%






66%






 








 






Net occupancy expense






140






89






87






57%






61%






 








 






Card and processing expense






79






27






21






193%






276%






 








 






Equipment expense






55






43






42






28%






31%






 








 






Loan and lease expense






42






41






30






2%






40%






 








 






Marketing expense






50






37






28






35%






79%






 








 






Other noninterest expense






415






251






223






65%






86%






 








 






Total noninterest expense






$2,395






$1,309






$1,304






83%






84%






 







Noninterest expense of $2.395 billion increased 83% from the prior quarter and increased 84% from the year-ago quarter. Both comparisons include two months of Comerica results in the quarter and the reported results reflect the impact of certain items in the table below.




 






Noninterest Expense excluding certain item(s)






 






 






 






 






 








 






($ in millions)






For the Three Months Ended






 






 






% Change






 








 






 






March






 






December






 






 






March






 






 






 






 






 








 






 






2026






 






2025






 






 






2025






 






 






Seq






 






Yr/Yr






 








 






Noninterest Expense excluding certain item(s)






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Noninterest expense (U.S. GAAP)






$2,395






 






 






$1,309






 






 






$1,304






 






 






 






 






 






 








 






Merger-related charges






(635)






 






 






(13)






 






 






—






 






 






 






 






 






 








 






Fifth Third Foundation contribution






—






 






 






(50)






 






 






—






 






 






 






 






 






 








 






FDIC special assessment






—






 






 






25






 






 






—






 






 






 






 






 






 








 






Interchange litigation matters






—






 






 






(3)






 






 






—






 






 






 






 






 






 








 






Noninterest expense excluding certain item(s)(a)






$1,760






 






 






$1,268






 






 






$1,304






 






 






39%






 






35%






 








 






Non-qualified deferred compensation benefit






9






 






 






5






 






 






4






 






 






 






 






 






 








 






Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a)






$1,769






 






 






$1,273






 






 






$1,308






 






 






39%






 






35%






 







Noninterest expense excluding certain items and non-qualified deferred compensation of $1.769 billion increased 39% compared to the prior quarter and increased 35% from the year-ago quarter. Expenses in the quarter were impacted by ongoing costs associated with the merger and seasonal-related increases in compensation and benefits. Merger-related expenses of $635 million noted above represent approximately half of the expected full-year charges.




 






Average Interest-Earning Assets






 






 






 






 






 






 






 






 






 






 






 






 






 








 






($ in millions)






For the Three Months Ended






 






 






% Change






 








 






 






March






 






December






 






March






 






 






 






 






 








 






 






2026






 






2025






 






2025






 






Seq






 






Yr/Yr






 








 






Average Portfolio Loans and Leases






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Commercial loans and leases:






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Commercial and industrial loans






$73,264






 






 






$53,947






 






 






$53,401






 






 






36






%






 






37






%






 








 






Commercial mortgage loans






21,969






 






 






12,079






 






 






12,368






 






 






82






%






 






78






%






 








 






Commercial construction loans






7,278






 






 






5,399






 






 






5,797






 






 






35






%






 






26






%






 








 






Commercial leases






3,347






 






 






3,172






 






 






3,110






 






 






6






%






 






8






%






 








 






Total commercial loans and leases






$105,858






 






 






$74,597






 






 






$74,676






 






 






42






%






 






42






%






 








 






Consumer loans:






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Residential mortgage loans






$18,848






 






 






$17,660






 






 






$17,552






 






 






7






%






 






7






%






 








 






Home equity






6,064






 






 






4,769






 






 






4,222






 






 






27






%






 






44






%






 








 






Indirect secured consumer loans






18,105






 






 






17,879






 






 






16,476






 






 






1






%






 






10






%






 








 






Credit card






1,659






 






 






1,694






 






 






1,627






 






 






(2






)%






 






2






%






 








 






Solar energy installation loans






4,516






 






 






4,486






 






 






4,221






 






 






1






%






 






7






%






 








 






Other consumer loans






2,582






 






 






2,345






 






 






2,498






 






 






10






%






 






3






%






 








 






Total consumer loans






$51,774






 






 






$48,833






 






 






$46,596






 






 






6






%






 






11






%






 








 






Total average portfolio loans and leases






$157,632






 






 






$123,430






 






 






$121,272






 






 






28






%






 






30






%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Average Loans and Leases Held for Sale






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Commercial loans and leases held for sale






$85






 






 






$19






 






 






$64






 






 






347






%






 






33






%






 








 






Consumer loans held for sale






566






 






 






698






 






 






428






 






 






(19






)%






 






32






%






 








 






Total average loans and leases held for sale






$651






 






 






$717






 






 






$492






 






 






(9






)%






 






32






%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Total average loans and leases






$158,283






 






 






$124,147






 






 






$121,764






 






 






27






%






 






30






%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Securities (taxable and tax-exempt)






$59,950






 






 






$52,512






 






 






$56,598






 






 






14






%






 






6






%






 








 






Other short-term investments






19,728






 






 






17,485






 






 






14,446






 






 






13






%






 






37






%






 








 






Total average interest-earning assets






$237,961






 






 






$194,144






 






 






$192,808






 






 






23






%






 






23






%






 







Compared to the prior quarter, total average portfolio loans and leases of $158 billion increased 28% and average commercial portfolio loans and leases of $106 billion increased 42%. Compared to the year-ago quarter, total average portfolio loans and leases increased 30% and average commercial portfolio loans and leases increased 42%. In each comparison the growth was primarily driven by commercial loans and leases acquired from Comerica.


Compared to the prior quarter, average consumer portfolio loans of $52 billion increased 6%. On a year-over-year basis, average consumer portfolio loans increased 11%. Growth in both periods primarily reflected consumer loans acquired from Comerica, with additional growth due to strong production in indirect secured consumer loans.


Average securities (taxable and tax-exempt; amortized cost) of $60 billion in the current quarter increased 14% compared to the prior quarter and 6% compared to the year-ago quarter. Growth in both periods primarily reflected securities acquired from Comerica. Average other short-term investments (including interest-bearing cash) of $20 billion in the current quarter increased 13% compared to the prior quarter and increased 37% compared to the year-ago quarter.




 






End of Period Interest-Earning Assets






 






 






 






 






 






 






 






 






 






 






 






 






 








 






($ in millions)






As of






 






 






% Change






 








 






 






March






 






December






 






March






 






 






 






 






 








 






 






2026






 






2025






 






2025






 






Seq






 






Yr/Yr






 








 






End of Period Portfolio Loans and Leases






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Total commercial loans and leases






$122,859






 






 






$73,562






 






 






$75,137






 






 






67






%






 






64






%






 








 






Total consumer loans






53,391






 






 






49,089






 






 






47,054






 






 






9






%






 






13






%






 








 






Total portfolio loans and leases






$176,250






 






 






$122,651






 






 






$122,191






 






 






44






%






 






44






%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








 






End of Period Loans and Leases Held for Sale






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Total loans and leases held for sale






$1,365






 






 






$733






 






 






$473






 






 






86






%






 






189






%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Total loans and leases






$177,615






 






 






$123,384






 






 






$122,664






 






 






44






%






 






45






%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Securities (taxable and tax-exempt)






$67,823






 






 






$51,961






 






 






$56,323






 






 






31






%






 






20






%






 








 






Other short-term investments






17,456






 






 






18,876






 






 






14,965






 






 






(8






)%






 






17






%






 








 






Total interest-earning assets






$262,894






 






 






$194,221






 






 






$193,952






 






 






35






%






 






36






%






 







Period-end commercial portfolio loans and leases of $123 billion increased 67% and 64% compared to the prior and year-ago quarters, respectively. Growth in both comparisons primarily reflecting $46.5 billion of commercial loans and leases acquired from Comerica. Strong loan production and a rebound in line utilization also contributed to quarterly growth.


Period-end consumer portfolio loans of $53 billion increased 9% compared to the prior quarter and 13% compared to the year-ago quarter, both primarily driven by $4.1 billion of consumer loans acquired from Comerica.


Total period-end securities (taxable and tax-exempt; amortized cost) of $68 billion in the current quarter increased 31% compared to the prior quarter and increased 20% compared to the year-ago quarter. Securities growth in the quarter included $11.2 billion acquired from Comerica. Period-end other short-term investments of approximately $17 billion decreased 8% compared to the prior quarter and increased 17% compared to the year-ago quarter.




Average Deposits






 






 






 






 






 






 






 






 






 






 






 






 






 








 






($ in millions)






For the Three Months Ended






 






 






% Change






 








 






 






March






 






December






 






March






 






 






 






 






 








 






 






2026






 






2025






 






2025






 






Seq






 






Yr/Yr






 








 






Average Deposits






 






 






 






 






 






 






 






 






 






 






 






 






 








 






Demand






$55,770






 






 






$41,771






 






 






$39,788






 






 






34






%






 






40






%






 








 






Interest checking






67,369






 






 






58,612






 






 






57,964






 






 






15






%






 






16






%






 








 






Savings






17,546






 






 






16,103






 






 






17,226






 






 






9






%






 






2






%






 








 






Money market






54,219






 






 






39,409






 






 






36,453






 






 






38






%






 






49






%






 








 






Total transaction deposits






$194,904






 






 






$155,895






 






 






$151,431






 






 






25






%






 






29






%






 








 






CDs $250,000 or less






11,641






 






 






10,541






 






 






10,380






 






 






10






%






 






12






%






 








 






Total core deposits






$206,545






 






 






$166,436






 






 






$161,811






 






 






24






%






 






28






%






 








 






CDs over $250,0001






2,807






 






 






1,948






 






 






2,346






 






 






44






%






 






20






%






 








 






Total average deposits






$209,352






 






 






$168,384






 






 






$164,157






 






 






24






%






 






28






%






 








 






1CDs over $250,000 includes $0.4BN, $0.8BN, and $1.3BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 3/31/26, 12/31/25, and 3/31/25, respectively.






 







Total average deposits of $209 billion increased 24% compared to the prior quarter and period-end total deposits of $234 billion increased 36%. Compared to the year-ago quarter, total average deposits increased 28% and period-end total deposits increased 41%. In both comparisons the increase reflects $65.2 billion of deposits acquired from Comerica. Growth in high quality, low-cost deposits remains a key strategic priority to further enhance the deposit base.


The period-end portfolio loan-to-core deposit ratio was 76% in the current quarter, compared to 72% in the prior quarter and 75% in the year-ago quarter.




Average Wholesale Funding






 






 






 






 






 






 






 






 






 






 






 






 






 








 






($ in millions)






For the Three Months Ended






 






 






% Change






 








 






 






March






 






December






 






March






 






 






 






 






 








 






 






2026






 






2025






 






2025






 






Seq






 






Yr/Yr






 








 






Average Wholesale Funding






 






 






 






 






 






 






 






 






 






 






 






 






 








 






CDs over $250,0001






$2,807






 






 






$1,948






 






 






$2,346






 






 






44






%






 






20






%






 








 






Federal funds purchased






178






 






 






204






 






 






194






 






 






(13






)%






 






(8






)%






 








 






Securities sold under repurchase agreements






322






 






 






365






 






 






286






 






 






(12






)%






 






13






%






 








 






FHLB advances






99






 






 






2,552






 






 






4,767






 






 






(96






)%






 






(98






)%






 








 






Derivative collateral and other secured borrowings






83






 






 






84






 






 






84






 






 






(1






)%






 






(1






)%






 








 






Long-term debt






18,062






 






 






13,700






 






 






14,585






 






 






32






%






 






24






%






 








 






Total average wholesale funding






$21,551






 






 






$18,853






 






 






$22,262






 






 






14






%






 






(3






)%






 








 






1CDs over $250,000 includes $0.4BN, $0.8BN, and $1.3BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 3/31/26, 12/31/25, and 3/31/25, respectively.






 







Average wholesale funding of $22 billion increased 14% compared to the prior quarter, driven by an increase in long-term debt reflecting the $5.5 billion acquired from Comerica and the $2 billion issuance in January 2026, partially offset by a decrease in FHLB advances. The 3% decrease in average wholesale funding compared to the year-ago quarter was primarily attributable to a decrease in FHLB advances, partially offset by an increase in long-term debt.




Credit Quality Summary






 






 






 






 






 






 






 






 






 






 






 






 






 






 








($ in millions)






As of and For the Three Months Ended








 






March






 






December






 






September






 






June






 






March








 






2026






 






2025






 






2025






 






2025






 






2025








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Total nonaccrual portfolio loans and leases (NPLs)






$960






 






 






$767






 






 






$768






 






 






$853






 






 






$966






 








Repossessed property






11






 






 






11






 






 






12






 






 






8






 






 






9






 








OREO






28






 






 






19






 






 






21






 






 






25






 






 






21






 








Total nonperforming portfolio loans and leases and OREO (NPAs)






$999






 






 






$797






 






 






$801






 






 






$886






 






 






$996






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








NPL ratio(f)






0.54%






 






 






0.62%






 






 






0.62%






 






 






0.70%






 






 






0.79%






 








NPA ratio(c)






0.57%






 






 






0.65%






 






 






0.65%






 






 






0.72%






 






 






0.81%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Portfolio loans and leases 30-89 days past due (accrual)






$683






 






 






$360






 






 






$348






 






 






$277






 






 






$385






 








Portfolio loans and leases 90 days past due (accrual)






49






 






 






30






 






 






29






 






 






34






 






 






33






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








30-89 days past due as a % of portfolio loans and leases






0.39%






 






 






0.29%






 






 






0.28%






 






 






0.23%






 






 






0.31%






 








90 days past due as a % of portfolio loans and leases






0.03%






 






 






0.02%






 






 






0.02%






 






 






0.03%






 






 






0.03%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Allowance for loan and lease losses (ALLL), beginning






$2,253






 






 






$2,265






 






 






$2,412






 






 






$2,384






 






 






$2,352






 








Total net losses charged-off






(144)






 






 






(125)






 






 






(339)






 






 






(139)






 






 






(136)






 








Provision for loan and lease losses






152






 






 






113






 






 






192






 






 






167






 






 






168






 








Allowance on PCD loans and leases at acquisition






180






 






 






—






 






 






—






 






 






—






 






 






—






 








Allowance on PSLs at acquisition






481






 






 






—






 






 






—






 






 






—






 






 






—






 








ALLL, ending






$2,922






 






 






$2,253






 






 






$2,265






 






 






$2,412






 






 






$2,384






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Reserve for unfunded commitments, beginning






$157






 






 






$151






 






 






$146






 






 






$140






 






 






$134






 








Provision for the reserve for unfunded commitments






75






 






 






6






 






 






5






 






 






6






 






 






6






 








Reserve for unfunded commitments, ending






$232






 






 






$157






 






 






$151






 






 






$146






 






 






$140






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Total allowance for credit losses (ACL)






$3,154






 






 






$2,410






 






 






$2,416






 






 






$2,558






 






 






$2,524






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








ACL ratios:






 






 






 






 






 






 






 






 






 






 






 






 






 






 








As a % of portfolio loans and leases






1.79%






 






 






1.96%






 






 






1.96%






 






 






2.09%






 






 






2.07%






 








As a % of nonperforming portfolio loans and leases






328%






 






 






314%






 






 






314%






 






 






300%






 






 






261%






 








As a % of nonperforming portfolio assets






316%






 






 






302%






 






 






302%






 






 






289%






 






 






253%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








ALLL as a % of portfolio loans and leases






1.66%






 






 






1.84%






 






 






1.84%






 






 






1.97%






 






 






1.95%






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Total losses charged-off






$(187)






 






 






$(177)






 






 






$(382)






 






 






$(194)






 






 






$(173)






 








Total recoveries of losses previously charged-off






43






 






 






52






 






 






43






 






 






55






 






 






37






 








Total net losses charged-off1






$(144)






 






 






$(125)






 






 






$(339)






 






 






$(139)






 






 






$(136)






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Net charge-off ratio (NCO ratio)(b)1






0.37%






 






 






0.40%






 






 






1.09%






 






 






0.45%






 






 






0.46%






 








Commercial NCO ratio






0.26%






 






 






0.27%






 






 






1.46%






 






 






0.38%






 






 






0.35%






 








Consumer NCO ratio






0.58%






 






 






0.59%






 






 






0.52%






 






 






0.56%






 






 






0.63%






 








1Excludes net charge-offs of $21 million which were taken immediately at the time of merger.






 






 






 






 






 






 






 






 







The provision for credit losses totaled $227 million in the current quarter and included approximately $83 million of provision expense to establish part of the Day 1 allowance for Comerica. The total Day 1 allowance for credit losses established due to the Comerica acquisition was $744 million, with the allowance primarily established through purchase accounting. The ACL ratio represented 1.79% of total portfolio loans and leases at quarter end, down 17 bps from the prior quarter and down 28 bps from the year-ago quarter. The ACL coverage ratio increased to 328% of nonperforming portfolio loans and leases and 316% of nonperforming portfolio assets.


Net charge-offs totaled $144 million in the current quarter, up $19 million from the prior quarter and the NCO ratio decreased 3 bps to 0.37%. Commercial net charge-offs were $69 million, with a commercial NCO ratio of 0.26%, down 1 bp from the prior quarter. Consumer net charge-offs were $75 million, with a consumer NCO ratio of 0.58%, down 1 bp from the prior quarter.


Compared to the year-ago quarter, net charge-offs increased $8 million and the NCO ratio decreased 9 bps. The commercial NCO ratio decreased 9 bps, and the consumer NCO ratio decreased 5 bps compared to the prior year.


Nonperforming portfolio loans and leases totaled $960 million in the current quarter, representing an NPL ratio of 0.54%, compared to 0.62% in the prior quarter and 0.79% in the year-ago quarter. Nonperforming portfolio assets totaled $999 million in the current quarter, resulting in an NPA ratio of 0.57%, compared to 0.65% in the prior quarter and 0.81% in the year-ago quarter.




 






Capital Position






 






 






 






 






 






 






 








 






 






 






As of and For the Three Months Ended








 






 






 






March






December






September






June






March








 






 






 






2026






2025






2025






2025






2025






 








 






Capital Position






 






 






 






 






 






 






 








 






Average total Bancorp shareholders' equity as a % of average assets






 






11.34






%






10.11






%






10.02






%






9.82






%






9.50






%






 








 






Tangible equity(a)






 






9.01






%






9.28






%






9.12






%






9.39






%






9.07






%






 








 






Tangible common equity (excluding AOCI)(a)






 






8.26






%






8.46






%






8.29






%






8.38






%






8.07






%






 








 






Tangible common equity (including AOCI)(a)






 






7.25






%






7.14






%






6.89






%






6.84






%






6.40






%






 








 






 






 






 






 






 






 






 






 








 






Regulatory Capital Ratios(d)






 






 






 






 






 






 






 








 






CET1 capital






 






9.96






%






10.81






%






10.57






%






10.58






%






10.43






%






 








 






Tier 1 risk-based capital






 






10.86






%






11.87






%






11.63






%






11.85






%






11.71






%






 








 






Total risk-based capital






 






12.56






%






13.78






%






13.54






%






13.77






%






13.63






%






 








 






Leverage






 






10.20






%






9.41






%






9.24






%






9.42






%






9.23






%






 







CET1 capital ratio of 9.96% decreased 85 bps sequentially, primarily reflecting capital impacts from the Comerica acquisition, including approximately $12.3 billion of common equity issued as consideration for the merger, $6.2 billion of goodwill and intangibles, $73 billion of risk-weighted assets, and $740 million of pre-tax merger-related impacts. There was no share repurchase activity in the first quarter of 2026.


Tax Rate


The effective tax rate for the quarter was 20.1% compared with 19.8% in the prior quarter and 21.2% in the year-ago quarter.


Conference Call


Fifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Us” then “Investor Relations”). Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address, which will be available for 30 days.


Corporate Profile


Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.


Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.


Earnings Release End Notes




(a)






Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 26.







(b)

Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis.







(c)

Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO.







(d)

Current period regulatory capital ratios are estimated.







(e)

Assumes a 24% tax rate.







(f)

Nonperforming portfolio loans and leases as a percent of portfolio loans and leases.







FORWARD-LOOKING STATEMENTS


This release contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements other than statements of historical fact are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission (“SEC”).


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) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) any instability or disruption in the financial system, including those caused by actual or perceived issues affecting the soundness of other financial institutions or market participants; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements, including the use of artificial intelligence; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments; and (46) risks relating to the merger with Comerica Incorporated, including Fifth Third’s inability to realize the anticipated benefits of the merger and potential disruption to Fifth Third’s business resulting from post-merger integration.


You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information contained herein is intended to be reviewed in its totality, and any stipulations, conditions or provisos that apply to a given piece of information in one part of this press release should be read as applying mutatis mutandis to every other instance of such information appearing herein.


Quarterly Financial Review for March 31, 2026


Table of Contents




 






 






 






 








 






 






 






 








 






Financial Highlights






14-15






 








 






Consolidated Statements of Income






16-17






 








 






Consolidated Balance Sheets






18-19






 








 






Consolidated Statements of Changes in Equity






20






 








 






Average Balance Sheets and Yield/Rate Analysis






21






 








 






Summary of Loans and Leases






22






 








 






Regulatory Capital






23






 








 






Summary of Credit Loss Experience






24






 








 






Asset Quality






25






 








 






Non-GAAP Reconciliation






26-28






 








 






Segment Presentation






29






 








 






 






 






 









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Financial Highlights






As of and For the

Three Months Ended






% / bps








$ in millions, except per share data






Change








(unaudited)






March






December






March






 






 








 






2026






2025






2025






Seq






Yr/Yr








Income Statement Data






 






 






 






 






 








Net interest income






$1,934






$1,529






$1,437






26%






35%








Net interest income (FTE)(a)






1,939






1,533






1,442






26%






34%








Noninterest income






895






811






694






10%






29%








Total revenue (FTE)(a)






2,834






2,344






2,136






21%






33%








Provision for credit losses






227






119






174






91%






30%








Noninterest expense






2,395






1,309






1,304






83%






84%








Net income






165






731






515






(77%)






(68%)








Net income available to common shareholders






128






699






478






(82%)






(73%)








 






 






 






 






 






 








Earnings Per Share Data






 






 






 






 






 








Net income allocated to common shareholders






$128






$699






$478






(82%)






(73%)








Average common shares outstanding (in thousands):






 






 






 






 






 








Basic






825,119






664,384






671,052






24%






23%








Diluted






830,274






669,153






676,040






24%






23%








Earnings per share, basic






$0.16






$1.05






$0.71






(85%)






(77%)








Earnings per share, diluted






0.15






1.04






0.71






(86%)






(79%)








 






 






 






 






 






 








Common Share Data






 






 






 






 






 








Cash dividends per common share






$0.40






$0.40






$0.37






—






8%








Book value per share






35.24






30.18






27.41






17%






29%








Market value per share






46.46






46.81






39.20






(1%)






19%








Common shares outstanding (in thousands)






905,823






661,198






667,272






37%






36%








Market capitalization






$42,085






$30,951






$26,157






36%






61%








 






 






 






 






 






 








Financial Ratios






 






 






 






 






 








Return on average assets






0.25%






1.36%






0.99%






(111)






(74)








Return on average common equity






1.8%






14.0%






10.8%






NM






(900)








Return on average tangible common equity(a)






3.5%






19.0%






15.2%






NM






NM








Noninterest income as a percent of total revenue(a)






32%






35%






32%






(300)






—








Dividend payout






250.0%






38.1%






52.1%






NM






NM








Average total Bancorp shareholders’ equity as a percent of average assets






11.34%






10.11%






9.50%






123






184








Tangible common equity(a)






8.26%






8.46%






8.07%






(20)






19








Net interest margin (FTE)(a)






3.30%






3.13%






3.03%






17






27








Efficiency (FTE)(a)






84.5%






55.8%






61.0%






NM






NM








Effective tax rate






20.1%






19.8%






21.2%






30






(110)








 






 






 






 






 






 








Credit Quality






 






 






 






 






 








Net losses charged-off(h)






$144






$125






$136






15%






6%








Net losses charged-off as a percent of average portfolio loans and leases (annualized)






0.37%






0.40%






0.46%






(3)






(9)








ALLL as a percent of portfolio loans and leases






1.66%






1.84%






1.95%






(18)






(29)








ACL as a percent of portfolio loans and leases(f)






1.79%






1.96%






2.07%






(17)






(28)








Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO






0.57%






0.65%






0.81%






(8)






(24)








 






 






 






 






 






 








Average Balances






 






 






 






 






 








Loans and leases, including held for sale






$158,283






$124,147






$121,764






27%






30%








Securities and other short-term investments






79,678






69,997






71,044






14%






12%








Assets






265,551






213,021






210,558






25%






26%








Transaction deposits(b)






194,904






155,895






151,431






25%






29%








Core deposits(c)






206,545






166,436






161,811






24%






28%








Wholesale funding(d)






21,551






18,853






22,262






14%






(3%)








Bancorp shareholders' equity






30,108






21,527






20,000






40%






51%








 






 






 






 






 






 








Regulatory Capital Ratios(e)






 






 






 






 






 








CET1 capital






9.96%






10.81%






10.43%






(85)






(47)








Tier 1 risk-based capital






10.86%






11.87%






11.71%






(101)






(85)








Total risk-based capital






12.56%






13.78%






13.63%






(122)






(107)








Leverage






10.20%






9.41%






9.23%






79






97








 






 






 






 






 






 








Additional Metrics






 






 






 






 






 








Banking centers






1,489






1,130






1,084






32%






37%








ATMs






2,643






2,199






2,069






20%






28%








Full-time equivalent employees






25,980






18,676






18,786






39%






38%








Assets under care ($ in billions)(g)






$746






$690






$639






8%






17%








Assets under management ($ in billions)(g)






119






80






68






49%






75%









(a)






Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 26.







(b)

Includes demand, interest checking, savings and money market deposits..







(c)

Includes transaction deposits plus CDs $250,000 or less.







(d)

Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.







(e)

Current period regulatory capital ratios are estimates.







(f)

The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.







(g)

Assets under management and assets under care include trust and brokerage assets.







(h)

Excludes net charge-offs of $21 million which were taken immediately at the time of merger.









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Financial Highlights






 






 






 






 






 








$ in millions, except per share data






As of and For the Three Months Ended








(unaudited)






March






December






September






June






March








 






2026






2025






2025






2025






2025








Income Statement Data






 






 






 






 






 








Net interest income






$1,934






$1,529






$1,520






$1,495






$1,437








Net interest income (FTE)(a)






1,939






1,533






1,525






1,500






1,442








Noninterest income






895






811






781






750






694








Total revenue (FTE)(a)






2,834






2,344






2,306






2,250






2,136








Provision for credit losses






227






119






197






173






174








Noninterest expense






2,395






1,309






1,267






1,264






1,304








Net income






165






731






649






628






515








Net income available to common shareholders






128






699






608






591






478








 






 






 






 






 






 








Earnings Per Share Data






 






 






 






 






 








Net income allocated to common shareholders






$128






$699






$608






$591






$478








Average common shares outstanding (in thousands):






 






 






 






 






 








Basic






825,119






664,384






666,427






670,787






671,052








Diluted






830,274






669,153






670,878






674,034






676,040








Earnings per share, basic






$0.16






$1.05






$0.91






$0.88






$0.71








Earnings per share, diluted






0.15






1.04






0.91






0.88






0.71








 






 






 






 






 






 








Common Share Data






 






 






 






 






 








Cash dividends per common share






$0.40






$0.40






$0.40






$0.37






$0.37








Book value per share






35.24






30.18






29.26






28.47






27.41








Market value per share






46.46






46.81






44.55






41.13






39.20








Common shares outstanding (in thousands)






905,823






661,198






660,973






667,710






667,272








Market capitalization






$42,085






$30,951






$29,446






$27,463






$26,157








 






 






 






 






 






 








Financial Ratios






 






 






 






 






 








Return on average assets






0.25%






1.36%






1.21%






1.20%






0.99%








Return on average common equity






1.8%






14.0%






12.6%






12.8%






10.8%








Return on average tangible common equity(a)






3.5%






19.0%






17.3%






17.6%






15.2%








Noninterest income as a percent of total revenue(a)






32%






35%






34%






33%






32%








Dividend payout






250.0%






38.1%






44.0%






42.0%






52.1%








Average total Bancorp shareholders’ equity as a percent of average assets






11.34%






10.11%






10.02%






9.82%






9.50%








Tangible common equity(a)






8.26%






8.46%






8.29%






8.38%






8.07%








Net interest margin (FTE)(a)






3.30%






3.13%






3.13%






3.12%






3.03%








Efficiency (FTE)(a)






84.5%






55.8%






54.9%






56.2%






61.0%








Effective tax rate






20.1%






19.8%






22.6%






22.2%






21.2%








 






 






 






 






 






 








Credit Quality






 






 






 






 






 








Net losses charged-off(h)






$144






$125






$339






$139






$136








Net losses charged-off as a percent of average portfolio loans and leases (annualized)






0.37%






0.40%






1.09%






0.45%






0.46%








ALLL as a percent of portfolio loans and leases






1.66%






1.84%






1.84%






1.97%






1.95%








ACL as a percent of portfolio loans and leases(f)






1.79%






1.96%






1.96%






2.09%






2.07%








Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO






0.57%






0.65%






0.65%






0.72%






0.81%








 






 






 






 






 






 








Average Balances






 






 






 






 






 








Loans and leases, including held for sale






$158,283






$124,147






$123,993






$123,657






$121,764








Securities and other short-term investments






79,678






69,997






69,507






69,025






71,044








Assets






265,551






213,021






211,770






210,554






210,558








Transaction deposits(b)






194,904






155,895






151,669






150,881






151,431








Core deposits(c)






206,545






166,436






162,510






161,375






161,811








Wholesale funding(d)






21,551






18,853






21,821






22,423






22,262








Bancorp shareholders’ equity






30,108






21,527






21,216






20,670






20,000








 






 






 






 






 






 








Regulatory Capital Ratios(e)






 






 






 






 






 








CET1 capital






9.96%






10.81%






10.57%






10.58%






10.43%








Tier 1 risk-based capital






10.86%






11.87%






11.63%






11.85%






11.71%








Total risk-based capital






12.56%






13.78%






13.54%






13.77%






13.63%








Leverage






10.20%






9.41%






9.24%






9.42%






9.23%








 






 






 






 






 






 








Additional Metrics






 






 






 






 






 








Banking centers






1,489






1,130






1,102






1,089






1,084








ATMs






2,643






2,199






2,184






2,170






2,069








Full-time equivalent employees






25,980






18,676






18,476






18,690






18,786








Assets under care ($ in billions)(g)






$746






$690






$681






$657






$639








Assets under management ($ in billions)(g)






119






80






77






73






68









(a)






Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 26.







(b)

Includes demand, interest checking, savings and money market deposits.







(c)

Includes transaction deposits plus CDs $250,000 or less.







(d)

Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.







(e)

Current period regulatory capital ratios are estimates.







(f)

The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.







(g)

Assets under management and assets under care include trust and brokerage assets.







(h)

Excludes net charge-offs of $21 million which were taken immediately at the time of merger.









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Consolidated Statements of Income






 






 






 






 






 








$ in millions






For the Three Months Ended






% Change








(unaudited)






March






December






March






 






 








 






2026






2025






2025






Seq






Yr/Yr








Interest Income






 






 






 






 






 








Interest and fees on loans and leases






$2,293






$1,862






$1,816






23%






26%








Interest on securities






501






431






451






16%






11%








Interest on other short-term investments






178






175






165






2%






8%








Total interest income






2,972






2,468






2,432






20%






22%








 






 






 






 






 






 








Interest Expense






 






 






 






 






 








Interest on deposits






813






726






743






12%






9%








Interest on short-term borrowings






5






34






58






(85%)






(91%)








Interest on long-term debt






220






179






194






23%






13%








Total interest expense






1,038






939






995






11%






4%








 






 






 






 






 






 








Net Interest Income






1,934






1,529






1,437






26%






35%








 






 






 






 






 






 








Provision for credit losses






227






119






174






91%






30%








Net Interest Income After Provision for Credit Losses






1,707






1,410






1,263






21%






35%








 






 






 






 






 






 








Noninterest Income






 






 






 






 






 








Wealth and asset management revenue






233






185






172






26%






35%








Commercial payments revenue






218






167






153






31%






42%








Consumer banking revenue






146






143






137






2%






7%








Capital markets fees






134






121






90






11%






49%








Commercial banking revenue






105






102






80






3%






31%








Mortgage banking net revenue






44






56






57






(21%)






(23%)








Other noninterest income






27






42






14






(36%)






93%








Securities losses, net






(12)






(5)






(9)






140%






33%








Total noninterest income






895






811






694






10%






29%








 






 






 






 






 






 








Noninterest Expense






 






 






 






 






 








Compensation and benefits






1,410






683






750






106%






88%








Technology and communications






204






138






123






48%






66%








Net occupancy expense






140






89






87






57%






61%








Card and processing expense






79






27






21






193%






276%








Equipment expense






55






43






42






28%






31%








Loan and lease expense






42






41






30






2%






40%








Marketing expense






50






37






28






35%






79%








Other noninterest expense






415






251






223






65%






86%








Total noninterest expense






2,395






1,309






1,304






83%






84%








Income Before Income Taxes






207






912






653






(77%)






(68%)








Applicable income tax expense






42






181






138






(77%)






(70%)








Net Income






165






731






515






(77%)






(68%)








Dividends on preferred stock






37






32






37






16%






—








Net Income Available to Common Shareholders






$128






$699






$478






(82%)






(73%)









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Consolidated Statements of Income






 






 






 






 






 








$ in millions






For the Three Months Ended








(unaudited)






March






December






September






June






March








 






2026






2025






2025






2025






2025








Interest Income






 






 






 






 






 








Interest and fees on loans and leases






$2,293






$1,862






$1,909






$1,881






$1,816








Interest on securities






501






431






444






458






451








Interest on other short-term investments






178






175






166






145






165








Total interest income






2,972






2,468






2,519






2,484






2,432








 






 






 






 






 






 








Interest Expense






 






 






 






 






 








Interest on deposits






813






726






750






732






743








Interest on short-term borrowings






5






34






61






61






58








Interest on long-term debt






220






179






188






196






194








Total interest expense






1,038






939






999






989






995








 






 






 






 






 






 








Net Interest Income






1,934






1,529






1,520






1,495






1,437








 






 






 






 






 






 








Provision for credit losses






227






119






197






173






174








Net Interest Income After Provision for Credit Losses






1,707






1,410






1,323






1,322






1,263








 






 






 






 






 






 








Noninterest Income






 






 






 






 






 








Wealth and asset management revenue






233






185






181






166






172








Commercial payments revenue






218






167






157






152






153








Consumer banking revenue






146






143






144






147






137








Capital markets fees






134






121






115






90






90








Commercial banking revenue






105






102






87






79






80








Mortgage banking net revenue






44






56






58






56






57








Other noninterest income






27






42






29






44






14








Securities (losses) gains, net






(12)






(5)






10






16






(9)








Total noninterest income






895






811






781






750






694








 






 






 






 






 






 








Noninterest Expense






 






 






 






 






 








Compensation and benefits






1,410






683






685






698






750








Technology and communications






204






138






128






126






123








Net occupancy expense






140






89






89






83






87








Card and processing expense






79






27






22






22






21








Equipment expense






55






43






44






41






42








Loan and lease expense






42






41






39






36






30








Marketing expense






50






37






34






43






28








Other noninterest expense






415






251






226






215






223








Total noninterest expense






2,395






1,309






1,267






1,264






1,304








Income Before Income Taxes






207






912






837






808






653








Applicable income tax expense






42






181






188






180






138








Net Income






165






731






649






628






515








Dividends on preferred stock






37






32






41






37






37








Net Income Available to Common Shareholders






$128






$699






$608






$591






$478









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Consolidated Balance Sheets






 






 






 






 






 








$ in millions, except per share data






As of






% Change








(unaudited)






March






December






March






 






 








 






2026






2025






2025






Seq






Yr/Yr








Assets






 






 






 






 






 








Cash and due from banks






$4,084






$3,499






$3,009






17%






36%








Other short-term investments






17,456






18,876






14,965






(8%)






17%








Available-for-sale debt and other securities(a)






46,161






36,159






39,747






28%






16%








Held-to-maturity securities(b)






16,389






11,368






11,185






44%






47%








Trading debt securities






1,669






1,057






1,159






58%






44%








Equity securities






544






453






494






20%






10%








Loans and leases held for sale






1,365






733






473






86%






189%








Portfolio loans and leases:






 






 






 






 






 








Commercial and industrial loans






83,864






52,749






53,700






59%






56%








Commercial mortgage loans






27,143






12,228






12,357






122%






120%








Commercial construction loans






8,329






5,316






5,952






57%






40%








Commercial leases






3,523






3,269






3,128






8%






13%








Total commercial loans and leases






122,859






73,562






75,137






67%






64%








Residential mortgage loans






19,507






17,652






17,581






11%






11%








Home equity






6,735






4,846






4,265






39%






58%








Indirect secured consumer loans






18,296






17,964






16,804






2%






9%








Credit card






1,658






1,747






1,660






(5%)






—








Solar energy installation loans






4,465






4,560






4,262






(2%)






5%








Other consumer loans






2,730






2,320






2,482






18%






10%








Total consumer loans






53,391






49,089






47,054






9%






13%








Portfolio loans and leases






176,250






122,651






122,191






44%






44%








Allowance for loan and lease losses






(2,922)






(2,253)






(2,384)






30%






23%








Portfolio loans and leases, net






173,328






120,398






119,807






44%






45%








Bank premises and equipment






3,283






2,734






2,506






20%






31%








Goodwill






9,966






4,947






4,918






101%






103%








Intangible assets






1,233






69






82






NM






NM








Servicing rights






1,583






1,598






1,663






(1%)






(5%)








Other assets






19,978






12,485






12,661






60%






58%








Total Assets






$297,039






$214,376






$212,669






39%






40%








 






 






 






 






 






 








Liabilities






 






 






 






 






 








Deposits:






 






 






 






 






 








Demand






$65,335






$42,647






$40,855






53%






60%








Interest checking






72,425






61,155






58,420






18%






24%








Savings






18,610






16,155






17,583






15%






6%








Money market






62,345






39,285






36,505






59%






71%








CDs $250,000 or less






11,807






10,599






10,248






11%






15%








CDs over $250,000






3,099






1,978






1,894






57%






64%








Total deposits






233,621






171,819






165,505






36%






41%








Short-term borrowings






1,289






926






5,684






39%






(77%)








Accrued taxes, interest and expenses






2,628






2,083






1,722






26%






53%








Other liabilities






6,642






4,235






4,816






57%






38%








Long-term debt






18,753






13,589






14,539






38%






29%








Total Liabilities






262,933






192,652






192,266






36%






37%








Equity






 






 






 






 






 








Common stock(c)






2,585






2,051






2,051






26%






26%








Preferred stock






2,182






1,770






2,116






23%






3%








Capital surplus






15,586






3,831






3,773






307%






313%








Retained earnings






25,248






25,488






24,377






(1%)






4%








Accumulated other comprehensive loss






(3,234)






(3,110)






(3,895)






4%






(17%)








Treasury stock






(8,261)






(8,306)






(8,019)






(1%)






3%








Total Equity






34,106






21,724






20,403






57%






67%








Total Liabilities and Equity






$297,039






$214,376






$212,669






39%






40%








(a) Amortized cost






$49,238






$39,107






$43,445






26%






13%








(b) Market values






16,341






11,404






11,072






43%






48%








(c) Common shares, stated value $2.22 per share (in thousands):






 






 






 






 






 








Authorized






2,000,000






2,000,000






2,000,000






—






—








Outstanding, excluding treasury






905,823






661,198






667,272






—






—








Treasury






258,416






262,695






256,621






—






—









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Consolidated Balance Sheets






 






 






 






 






 








$ in millions, except per share data






As of








(unaudited)






March






December






September






June






March








 






2026






2025






2025






2025






2025








Assets






 






 






 






 






 








Cash and due from banks






$4,084






$3,499






$2,901






$2,972






$3,009








Other short-term investments






17,456






18,876






17,215






13,043






14,965








Available-for-sale debt and other securities(a)






46,161






36,159






36,461






38,270






39,747








Held-to-maturity securities(b)






16,389






11,368






11,498






11,630






11,185








Trading debt securities






1,669






1,057






1,266






1,324






1,159








Equity securities






544






453






287






404






494








Loans and leases held for sale






1,365






733






576






646






473








Portfolio loans and leases:






 






 






 






 






 








Commercial and industrial loans






83,864






52,749






53,947






53,312






53,700








Commercial mortgage loans






27,143






12,228






11,932






12,112






12,357








Commercial construction loans






8,329






5,316






5,326






5,551






5,952








Commercial leases






3,523






3,269






3,218






3,177






3,128








Total commercial loans and leases






122,859






73,562






74,423






74,152






75,137








Residential mortgage loans






19,507






17,652






17,644






17,681






17,581








Home equity






6,735






4,846






4,678






4,485






4,265








Indirect secured consumer loans






18,296






17,964






17,885






17,591






16,804








Credit card






1,658






1,747






1,692






1,707






1,660








Solar energy installation loans






4,465






4,560






4,432






4,316






4,262








Other consumer loans






2,730






2,320






2,376






2,464






2,482








Total consumer loans






53,391






49,089






48,707






48,244






47,054








Portfolio loans and leases






176,250






122,651






123,130






122,396






122,191








Allowance for loan and lease losses






(2,922)






(2,253)






(2,265)






(2,412)






(2,384)








Portfolio loans and leases, net






173,328






120,398






120,865






119,984






119,807








Bank premises and equipment






3,283






2,734






2,655






2,560






2,506








Goodwill






9,966






4,947






4,947






4,918






4,918








Intangible assets






1,233






69






76






75






82








Servicing rights






1,583






1,598






1,601






1,629






1,663








Other assets






19,978






12,485






12,555






12,536






12,661








Total Assets






$297,039






$214,376






$212,903






$209,991






$212,669








 






 






 






 






 






 








Liabilities






 






 






 






 






 








Deposits:






 






 






 






 






 








Demand






$65,335






$42,647






$41,830






$42,174






$40,855








Interest checking






72,425






61,155






57,239






55,524






58,420








Savings






18,610






16,155






16,110






16,614






17,583








Money market






62,345






39,285






38,748






36,586






36,505








CDs $250,000 or less






11,807






10,599






10,667






10,883






10,248








CDs over $250,000






3,099






1,978






1,975






2,426






1,894








Total deposits






233,621






171,819






166,569






164,207






165,505








Short-term borrowings






1,289






926






5,260






3,571






5,684








Accrued taxes, interest and expenses






2,628






2,083






1,943






1,970






1,722








Other liabilities






6,642






4,235






4,347






4,627






4,816








Long-term debt






18,753






13,589






13,677






14,492






14,539








Total Liabilities






262,933






192,652






191,796






188,867






192,266








Equity






 






 






 






 






 








Common stock(c)






2,585






2,051






2,051






2,051






2,051








Preferred stock






2,182






1,770






1,770






2,116






2,116








Capital surplus






15,586






3,831






3,813






3,794






3,773








Retained earnings






25,248






25,488






25,057






24,718






24,377








Accumulated other comprehensive loss






(3,234)






(3,110)






(3,276)






(3,546)






(3,895)








Treasury stock






(8,261)






(8,306)






(8,308)






(8,009)






(8,019)








Total Equity






34,106






21,724






21,107






21,124






20,403








Total Liabilities and Equity






$297,039






$214,376






$212,903






$209,991






$212,669








(a) Amortized cost






$49,238






$39,107






$39,617






$41,731






$43,445








(b) Market values






16,341






11,404






11,506






11,547






11,072








(c) Common shares, stated value $2.22 per share (in thousands):






 






 






 






 






 








Authorized






2,000,000






2,000,000






2,000,000






2,000,000






2,000,000








Outstanding, excluding treasury






905,823






661,198






660,973






667,710






667,272








Treasury






258,416






262,695






262,919






256,183






256,621









Fifth Third Bancorp and Subsidiaries






 






 








Consolidated Statements of Changes in Equity






 






 








$ in millions






 






 








(unaudited)






 






 








 






For the Three Months Ended








 






March






March








 






2026






2025








Total Equity, Beginning






$21,724






$19,645








Net income






165






515








Other comprehensive income, net of tax:






 






 








Change in unrealized (losses) gains:






 






 








Available-for-sale debt securities






(100)






481








Qualifying cash flow hedges






(46)






235








Amortization of unrealized losses on securities transferred to held-to-maturity






22






25








Comprehensive income






41






1,256








Cash dividends declared:






 






 








Common stock






(368)






(251)








Preferred stock






(37)






(37)








Impact of Comerica acquisition






12,676






—








Impact of stock transactions under stock compensation plans, net






70






16








Shares acquired for treasury






—






(226)








Total Equity, Ending






$34,106






$20,403









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 






 






 






 








Average Balance Sheets and Yield/Rate Analysis






For the Three Months Ended








$ in millions






March






 






December






 






March








(unaudited)






2026






 






2025






 






2025








 






Average






Average






 






Average






Average






 






Average






Average








 






Balance






Yield/Rate






 






Balance






Yield/Rate






 






Balance






Yield/Rate








Assets






 






 






 






 






 






 






 






 








Interest-earning assets:






 






 






 






 






 






 






 






 








Loans and leases:






 






 






 






 






 






 






 






 








Commercial and industrial loans(a)






$73,302






5.89%






 






$53,960






5.96%






 






$53,430






6.22%








Commercial mortgage loans(a)






22,005






5.85%






 






12,083






5.95%






 






12,388






5.97%








Commercial construction loans(a)






7,287






6.45%






 






5,399






6.84%






 






5,813






6.92%








Commercial leases(a)






3,347






4.86%






 






3,172






4.68%






 






3,110






4.80%








Total commercial loans and leases






105,941






5.89%






 






74,614






5.96%






 






74,741






6.17%








Residential mortgage loans






19,414






4.18%






 






18,358






4.01%






 






17,980






3.96%








Home equity






6,065






7.02%






 






4,770






7.23%






 






4,222






7.57%








Indirect secured consumer loans






18,105






5.54%






 






17,879






5.62%






 






16,476






5.57%








Credit card






1,659






13.94%






 






1,695






14.04%






 






1,627






14.76%








Solar energy installation loans






4,516






8.17%






 






4,486






9.00%






 






4,221






8.03%








Other consumer loans






2,583






8.77%






 






2,345






9.33%






 






2,497






9.37%








Total consumer loans






52,342






5.86%






 






49,533






5.94%






 






47,023






5.88%








Total loans and leases






158,283






5.88%






 






124,147






5.96%






 






121,764






6.06%








Securities:






 






 






 






 






 






 






 






 








Taxable securities






58,587






3.41%






 






51,157






3.28%






 






55,205






3.25%








Tax exempt securities(a)






1,363






3.26%






 






1,355






3.12%






 






1,393






3.18%








Other short-term investments






19,728






3.67%






 






17,485






3.96%






 






14,446






4.64%








Total interest-earning assets






237,961






5.07%






 






194,144






5.05%






 






192,808






5.13%








Cash and due from banks






3,066






 






 






2,716






 






 






2,388






 








Other assets






27,210






 






 






18,425






 






 






17,714






 








Allowance for loan and lease losses






(2,686)






 






 






(2,264)






 






 






(2,352)






 








Total Assets






$265,551






 






 






$213,021






 






 






$210,558






 








 






 






 






 






 






 






 






 






 








Liabilities






 






 






 






 






 






 






 






 








Interest-bearing liabilities:






 






 






 






 






 






 






 






 








Interest checking deposits






$67,369






2.19%






 






$58,612






2.45%






 






$57,964






2.69%








Savings deposits






17,546






0.35%






 






16,103






0.40%






 






17,226






0.53%








Money market deposits






54,219






2.39%






 






39,409






2.39%






 






36,453






2.43%








CDs $250,000 or less






11,641






3.14%






 






10,541






3.43%






 






10,380






3.61%








Total interest-bearing core deposits






150,775






2.12%






 






124,665






2.25%






 






122,023






2.39%








CDs over $250,000






2,807






3.41%






 






1,948






3.94%






 






2,346






4.43%








Total interest-bearing deposits






153,582






2.15%






 






126,613






2.28%






 






124,369






2.42%








Federal funds purchased






178






3.66%






 






204






3.92%






 






194






4.38%








Securities sold under repurchase agreements






322






1.09%






 






365






1.46%






 






286






0.92%








FHLB advances






99






4.10%






 






2,552






4.47%






 






4,767






4.62%








Derivative collateral and other secured borrowings






83






7.49%






 






84






6.92%






 






84






6.46%








Long-term debt






18,062






4.93%






 






13,700






5.20%






 






14,585






5.38%








Total interest-bearing liabilities






172,326






2.44%






 






143,518






2.60%






 






144,285






2.80%








Demand deposits






55,770






 






 






41,771






 






 






39,788






 








Other liabilities






7,347






 






 






6,205






 






 






6,485






 








Total Liabilities






235,443






 






 






191,494






 






 






190,558






 








Total Equity






30,108






 






 






21,527






 






 






20,000






 








Total Liabilities and Equity






$265,551






 






 






$213,021






 






 






$210,558






 








Ratios:






 






 






 






 






 






 






 






 








Net interest margin (FTE)(b)






 






3.30%






 






 






3.13%






 






 






3.03%








Net interest rate spread (FTE)(b)






 






2.63%






 






 






2.45%






 






 






2.33%








Interest-bearing liabilities to interest-earning assets






 






72.42%






 






 






73.92%






 






 






74.83%








(a) Average Yield/Rate of these assets are presented on an FTE basis.






 








(b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 26.






 









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Summary of Loans and Leases






 






 






 






 






 








$ in millions






For the Three Months Ended








(unaudited)






March






December






September






June






March








 






2026






2025






2025






2025






2025








Average Portfolio Loans and Leases






 






 






 






 






 








Commercial loans and leases:






 






 






 






 






 








Commercial and industrial loans






$73,264






$53,947






$54,170






$54,075






$53,401








Commercial mortgage loans






21,969






12,079






12,027






12,410






12,368








Commercial construction loans






7,278






5,399






5,541






5,810






5,797








Commercial leases






3,347






3,172






3,177






3,120






3,110








Total commercial loans and leases






105,858






74,597






74,915






75,415






74,676








Consumer loans:






 






 






 






 






 








Residential mortgage loans






18,848






17,660






17,656






17,615






17,552








Home equity






6,064






4,769






4,579






4,383






4,222








Indirect secured consumer loans






18,105






17,879






17,729






17,248






16,476








Credit card






1,659






1,694






1,678






1,659






1,627








Solar energy installation loans






4,516






4,486






4,355






4,268






4,221








Other consumer loans






2,582






2,345






2,414






2,483






2,498








Total consumer loans






51,774






48,833






48,411






47,656






46,596








Total average portfolio loans and leases






$157,632






$123,430






$123,326






$123,071






$121,272








 






 






 






 






 






 








Average Loans and Leases Held for Sale






 






 






 






 






 








Commercial loans and leases held for sale






$85






$19






$44






$45






$64








Consumer loans held for sale






566






698






623






541






428








Average loans and leases held for sale






$651






$717






$667






$586






$492








 






 






 






 






 






 








End of Period Portfolio Loans and Leases






 






 






 






 






 








Commercial loans and leases:






 






 






 






 






 








Commercial and industrial loans






$83,864






$52,749






$53,947






$53,312






$53,700








Commercial mortgage loans






27,143






12,228






11,932






12,112






12,357








Commercial construction loans






8,329






5,316






5,326






5,551






5,952








Commercial leases






3,523






3,269






3,218






3,177






3,128








Total commercial loans and leases






122,859






73,562






74,423






74,152






75,137








Consumer loans:






 






 






 






 






 








Residential mortgage loans






19,507






17,652






17,644






17,681






17,581








Home equity






6,735






4,846






4,678






4,485






4,265








Indirect secured consumer loans






18,296






17,964






17,885






17,591






16,804








Credit card






1,658






1,747






1,692






1,707






1,660








Solar energy installation loans






4,465






4,560






4,432






4,316






4,262








Other consumer loans






2,730






2,320






2,376






2,464






2,482








Total consumer loans






53,391






49,089






48,707






48,244






47,054








Total portfolio loans and leases






$176,250






$122,651






$123,130






$122,396






$122,191








 






 






 






 






 






 








End of Period Loans and Leases Held for Sale






 






 






 






 






 








Commercial loans and leases held for sale






$651






$75






$8






$74






$28








Consumer loans held for sale






714






658






568






572






445








Loans and leases held for sale






$1,365






$733






$576






$646






$473








 






 






 






 






 






 








Operating lease equipment






$416






$374






$379






$344






$314








 






 






 






 






 






 








Loans and Leases Serviced for Others(a)






 






 






 






 






 








Commercial and industrial loans






$1,801






$1,290






$1,206






$1,166






$1,104








Commercial mortgage loans






518






501






558






601






603








Commercial construction loans






318






291






304






333






367








Commercial leases






821






853






764






757






755








Residential mortgage loans






86,733






87,827






89,639






91,201






92,769








Solar energy installation loans






665






686






692






557






575








Other consumer loans






86






92






98






105






112








Total loans and leases serviced for others






90,942






91,540






93,261






94,720






96,285








Total loans and leases owned or serviced






$268,973






$215,298






$217,346






$218,106






$219,263








(a) Fifth Third sells certain loans and leases and obtains servicing responsibilities.














Fifth Third Bancorp and Subsidiaries






 






 






 






 






 






 








Regulatory Capital






 






 








$ in millions






 






As of








(unaudited)






 






March






December






September






June






March








 






 






2026(a)






2025






2025






2025






2025








Regulatory Capital






 






 






 






 






 






 








CET1 capital






 






$24,157






$18,099






$17,645






$17,616






$17,239








Additional tier 1 capital






 






2,182






1,770






1,770






2,116






2,116








Tier 1 capital






 






26,339






19,869






19,415






19,732






19,355








Tier 2 capital






 






4,109






3,197






3,204






3,197






3,175








Total regulatory capital






 






$30,448






$23,066






$22,619






$22,929






$22,530








Risk-weighted assets






 






$242,458






$167,431






$166,999






$166,517






$165,326








 






 






 






 






 






 






 








Ratios






 






 






 






 






 






 








Average total Bancorp shareholders' equity as a percent of average assets






 






11.34%






10.11%






10.02%






9.82%






9.50%








 






 






 






 






 






 






 








Regulatory Capital Ratios






 






 






 






 






 






 








Fifth Third Bancorp






 






 






 






 






 






 








CET1 capital






 






9.96%






10.81%






10.57%






10.58%






10.43%








Tier 1 risk-based capital






 






10.86%






11.87%






11.63%






11.85%






11.71%








Total risk-based capital






 






12.56%






13.78%






13.54%






13.77%






13.63%








Leverage






 






10.20%






9.41%






9.24%






9.42%






9.23%








 






 






 






 






 






 






 








Fifth Third Bank, National Association






 






 






 






 






 






 








Tier 1 risk-based capital






 






11.84%






13.09%






12.95%






12.87%






12.78%








Total risk-based capital






 






13.08%






14.33%






14.19%






14.12%






14.02%








Leverage






 






11.13%






10.41%






10.31%






10.25%






10.10%








(a) Current period regulatory capital data and ratios are estimated.















Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Summary of Credit Loss Experience






 






 






 






 






 








$ in millions






For the Three Months Ended








(unaudited)






March






December






September






June






March








 






2026






2025






2025






2025






2025








Average portfolio loans and leases:






 






 






 






 






 








Commercial and industrial loans






$73,264






$53,947






$54,170






$54,075






$53,401








Commercial mortgage loans






21,969






12,079






12,027






12,410






12,368








Commercial construction loans






7,278






5,399






5,541






5,810






5,797








Commercial leases






3,347






3,172






3,177






3,120






3,110








Total commercial loans and leases






105,858






74,597






74,915






75,415






74,676








Residential mortgage loans






18,848






17,660






17,656






17,615






17,552








Home equity






6,064






4,769






4,579






4,383






4,222








Indirect secured consumer loans






18,105






17,879






17,729






17,248






16,476








Credit card






1,659






1,694






1,678






1,659






1,627








Solar energy installation loans






4,516






4,486






4,355






4,268






4,221








Other consumer loans






2,582






2,345






2,414






2,483






2,498








Total consumer loans






51,774






48,833






48,411






47,656






46,596








Total average portfolio loans and leases






$157,632






$123,430






$123,326






$123,071






$121,272








 






 






 






 






 






 








Losses charged-off:






 






 






 






 






 








Commercial and industrial loans






($77)






($61)






($280)






($84)






($54)








Commercial mortgage loans






—






(7)






(2)






(4)






(11)








Commercial construction loans






—






—






—






—






—








Commercial leases






—






(1)






—






(2)






(2)








Total commercial loans and leases






(77)






(69)






(282)






(90)






(67)








Residential mortgage loans






—






—






—






—






—








Home equity






(2)






(2)






(1)






(2)






(2)








Indirect secured consumer loans






(40)






(41)






(34)






(33)






(36)








Credit card






(19)






(20)






(20)






(20)






(22)








Solar energy installation loans






(26)






(22)






(20)






(23)






(21)








Other consumer loans






(23)






(23)






(25)






(26)






(25)








Total consumer loans






(110)






(108)






(100)






(104)






(106)








Total losses charged-off






($187)






($177)






($382)






($194)






($173)








 






 






 






 






 






 








Recoveries of losses previously charged-off:






 






 






 






 






 








Commercial and industrial loans






$8






$17






$6






$15






$2








Commercial mortgage loans






—






1






1






1






1








Commercial construction loans






—






—






—






—






—








Commercial leases






—






—






—






3






—








Total commercial loans and leases






8






18






7






19






3








Residential mortgage loans






—






1






1






1






—








Home equity






2






1






2






2






2








Indirect secured consumer loans






16






14






16






17






15








Credit card






5






5






4






5






5








Solar energy installation loans






3






5






4






3






3








Other consumer loans






9






8






9






8






9








Total consumer loans






35






34






36






36






34








Total recoveries of losses previously charged-off






$43






$52






$43






$55






$37








 






 






 






 






 






 








Net losses charged-off:






 






 






 






 






 








Commercial and industrial loans






($69)






($44)






($274)






($69)






($52)








Commercial mortgage loans






—






(6)






(1)






(3)






(10)








Commercial construction loans






—






—






—






—






—








Commercial leases






—






(1)






—






1






(2)








Total commercial loans and leases






(69)






(51)






(275)






(71)






(64)








Residential mortgage loans






—






1






1






1






—








Home equity






—






(1)






1






—






—








Indirect secured consumer loans






(24)






(27)






(18)






(16)






(21)








Credit card






(14)






(15)






(16)






(15)






(17)








Solar energy installation loans






(23)






(17)






(16)






(20)






(18)








Other consumer loans






(14)






(15)






(16)






(18)






(16)








Total consumer loans






(75)






(74)






(64)






(68)






(72)








Total net losses charged-off(a)






($144)






($125)






($339)






($139)






($136)








 






 






 






 






 






 








Net losses charged-off as a percent of average portfolio loans and leases (annualized):






 






 






 






 






 








Commercial and industrial loans






0.38%






0.32%






2.01%






0.51%






0.39%








Commercial mortgage loans






—






0.21%






0.04%






0.11%






0.34%








Commercial construction loans






(0.02%)






—






—






—






—








Commercial leases






—






0.16%






(0.04%)






(0.10%)






0.29%








Total commercial loans and leases






0.26%






0.27%






1.46%






0.38%






0.35%








Residential mortgage loans






(0.01%)






(0.01%)






(0.02%)






(0.01%)






—








Home equity






0.01%






0.06%






(0.05%)






0.02%






0.04%








Indirect secured consumer loans






0.54%






0.59%






0.40%






0.37%






0.53%








Credit card






3.51%






3.62%






3.70%






3.74%






4.19%








Solar energy installation loans






2.03%






1.45%






1.47%






1.86%






1.73%








Other consumer loans






2.19%






2.46%






2.51%






2.49%






2.52%








Total consumer loans






0.58%






0.59%






0.52%






0.56%






0.63%








Total net losses charged-off as a percent of average portfolio loans and leases (annualized)






0.37%






0.40%






1.09%






0.45%






0.46%








(a) Excludes net charge-offs of $21 million which were taken immediately at the time of merger.














Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








Asset Quality






 






 






 






 






 








$ in millions






For the Three Months Ended








(unaudited)






March






December






September






June






March








 






2026






2025






2025






2025






2025








Allowance for Credit Losses






 






 






 






 






 








Allowance for loan and lease losses, beginning






$2,253






$2,265






$2,412






$2,384






$2,352








Total net losses charged-off(d)






(144)






(125)






(339)






(139)






(136)








Provision for loan and lease losses






152






113






192






167






168








Allowance on PCD loans and leases at acquisition






180






—






—






—






—








Allowance on PSLs at acquisition






481






—






—






—






—








Allowance for loan and lease losses, ending






$2,922






$2,253






$2,265






$2,412






$2,384








 






 






 






 






 






 








Reserve for unfunded commitments, beginning






$157






$151






$146






$140






$134








Provision for the reserve for unfunded commitments






75






6






5






6






6








Reserve for unfunded commitments, ending






$232






$157






$151






$146






$140








 






 






 






 






 






 








Components of allowance for credit losses:






 






 






 






 






 








Allowance for loan and lease losses






$2,922






$2,253






$2,265






$2,412






$2,384








Reserve for unfunded commitments






232






157






151






146






140








Total allowance for credit losses






$3,154






$2,410






$2,416






$2,558






$2,524








 






 






 






 






 






 








 






As of








 






March






December






September






June






March








 






2026






2025






2025






2025






2025








Nonperforming Assets and Delinquent Loans






 






 






 






 






 








Nonaccrual portfolio loans and leases:






 






 






 






 






 








Commercial and industrial loans






$417






$393






$393






$460






$537








Commercial mortgage loans






94






34






42






48






70








Commercial construction loans






62






—






—






—






—








Commercial leases






—






—






—






—






16








Residential mortgage loans






164






149






142






143






145








Home equity






104






71






72






75






69








Indirect secured consumer loans






58






61






61






65






60








Credit card






30






29






29






29






31








Solar energy installation loans






26






22






22






26






30








Other consumer loans






5






8






7






7






8








Total nonaccrual portfolio loans and leases






960






767






768






853






966








Repossessed property






11






11






12






8






9








OREO






28






19






21






25






21








Total nonperforming portfolio loans and leases and OREO






999






797






801






886






996








Nonaccrual loans held for sale






141






70






4






27






21








Total nonperforming assets






$1,140






$867






$805






$913






$1,017








 






 






 






 






 






 








Loans and leases 90 days past due (accrual):






 






 






 






 






 








Commercial and industrial loans






$3






$2






$2






$5






$2








Commercial mortgage loans






19






—






—






3






6








Commercial construction loans






2






1






—






—






—








Commercial leases






1






—






—






—






—








Total commercial loans and leases






25






3






2






8






8








Residential mortgage loans(c)






7






10






11






8






8








Credit card






17






17






16






18






17








Total consumer loans






24






27






27






26






25








Total loans and leases 90 days past due (accrual)(b)






$49






$30






$29






$34






$33








Ratios






 






 






 






 






 








Net losses charged-off as a percent of average portfolio loans and leases (annualized)






0.37%






0.40%






1.09%






0.45%






0.46%








Allowance for credit losses:






 






 






 






 






 








As a percent of portfolio loans and leases






1.79%






1.96%






1.96%






2.09%






2.07%








As a percent of nonperforming portfolio loans and leases(a)






328%






314%






314%






300%






261%








As a percent of nonperforming portfolio assets(a)






316%






302%






302%






289%






253%








Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a)






0.54%






0.62%






0.62%






0.70%






0.79%








Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a)






0.57%






0.65%






0.65%






0.72%






0.81%








Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property






0.64%






0.70%






0.65%






0.74%






0.83%








(a) Excludes nonaccrual loans held for sale.








(b) Excludes loans held for sale.








(c) Excludes government guaranteed residential mortgage loans.








(d) Excludes net charge-offs of $21 million which were taken immediately at the time of merger.







Use of Non-GAAP Financial Measures


In addition to GAAP measures, management considers various non-GAAP measures when evaluating the performance of the business, including: “net interest income (FTE),” “interest income (FTE),” “net interest margin (FTE),” “net interest rate spread (FTE),” “income before income taxes (FTE),” “tangible net income available to common shareholders,” “average tangible common equity,” “return on average tangible common equity,” “tangible common equity (excluding AOCI),” “tangible common equity (including AOCI),” “tangible equity,” “tangible book value per share,” “tangible book value per share (excluding AOCI),” “adjusted noninterest income,” “noninterest income excluding certain items,” “adjusted noninterest expense,” “noninterest expense excluding certain items,” “pre-provision net revenue,” “adjusted efficiency ratio,” “adjusted return on average common equity,” “adjusted return on average tangible common equity,” “adjusted return on average tangible common equity, excluding accumulated other comprehensive income", “adjusted pre-provision net revenue,” “adjusted return on average assets,” “efficiency ratio (FTE),” “total revenue (FTE),” "adjusted total revenue," “noninterest income as a percent of total revenue”, and certain ratios derived from these measures. The Bancorp believes these non-GAAP measures provide useful information to investors because these are among the measures used by the Fifth Third management team to evaluate operating performance and to make day-to-day operating decisions.


The FTE basis adjusts for the tax-favored status of income from certain loans and securities held by the Bancorp that are not taxable for federal income tax purposes. The Bancorp believes this presentation to be the preferred industry measurement of net interest income and net interest margin as it provides a relevant comparison between taxable and non-taxable amounts.


The Bancorp believes tangible net income available to common shareholders, average tangible common equity, tangible common equity (excluding AOCI), tangible common equity (including AOCI), tangible equity, tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of the business without the impacts of intangible items, whether acquired or created internally, in a manner comparable to other companies in the industry who present similar measures.


The Bancorp believes noninterest income, noninterest expense, net interest income, net interest margin, pre-provision net revenue, efficiency ratio, adjusted total revenue, noninterest income as a percent of total revenue, return on average common equity, return on average tangible common equity, and return on average assets are important measures that adjust for significant, unusual, or large transactions that may occur in a reporting period which management does not consider indicative of ongoing financial performance and enhances comparability of results with prior periods.


The Bancorp believes noninterest income excluding certain items and noninterest expense excluding certain items are important measures that adjust for certain components that are prone to significant period-to-period changes in order to facilitate the explanation of variances in the noninterest income and noninterest expense line items.


Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity and tangible common equity (including and excluding AOCI), in addition to capital ratios defined by U.S. banking agencies. These calculations are intended to complement the capital ratios defined by U.S. banking agencies for both absolute and comparative purposes. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. Management believes that providing the tangible common equity ratio excluding AOCI on certain assets and liabilities enables investors and others to assess the Bancorp’s use of equity without the effects of changes in AOCI, some of which are uncertain; providing the tangible common equity ratio including AOCI enables investors and others to assess the Bancorp’s use of equity if components of AOCI, such as unrealized gains or losses, were to be monetized.


Please note that although non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.


Please see reconciliations of all historical non-GAAP measures used in this release to the most directly comparable GAAP measures, beginning on the following page.




 






Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








 






Non-GAAP Reconciliation






 






 






 






 






 








 






$ and shares in millions






As of and For the Three Months Ended








 






(unaudited)






March






December






September






June






March








 






 






 






2026






2025






2025






2025






2025








 






Net interest income






$1,934






$1,529






$1,520






$1,495






$1,437








 






Add: Taxable equivalent adjustment






5






4






5






5






5








 






Net interest income (FTE) (a)






1,939






1,533






1,525






1,500






1,442








 






 






 






 






 






 






 






 








 






Net interest income (annualized) (b)






7,843






6,066






6,030






5,996






5,828








 






Net interest income (FTE) (annualized) (c)






7,864






6,082






6,050






6,016






5,848








 






 






 






 






 






 






 






 








 






Interest income






2,972






2,468






2,519






2,484






2,432








 






Add: Taxable equivalent adjustment






5






4






5






5






5








 






Interest income (FTE)






2,977






2,472






2,524






2,489






2,437








 






Interest income (FTE) (annualized) (d)






12,073






9,807






10,014






9,983






9,883








 






 






 






 






 






 






 






 








 






Interest expense (annualized) (e)






4,210






3,725






3,963






3,967






4,035








 






Average interest-earning assets (f)






237,961






194,144






193,500






192,682






192,808








 






Average interest-bearing liabilities (g)






172,326






143,518






143,096






142,913






144,285








 






 






 






 






 






 






 






 








 






Net interest margin (b) / (f)






3.30 %






3.12 %






3.12 %






3.11 %






3.02 %








 






Net interest margin (FTE) (c) / (f)






3.30 %






3.13 %






3.13 %






3.12 %






3.03 %








 






Net interest rate spread (FTE) (d) / (f) - (e) / (g)






2.63 %






2.45 %






2.41 %






2.40 %






2.33 %








 






 






 






 






 






 






 






 








 






Income before income taxes






$207






$912






$837






$808






$653








 






Add: Taxable equivalent adjustment






5






4






5






5






5








 






Income before income taxes (FTE)






212






916






842






813






658








 






 






 






 






 






 






 






 








 






Net income available to common shareholders






128






699






608






591






478








 






Add: Intangible amortization, net of tax






34






5






5






5






6








 






Tangible net income available to common shareholders (h)






162






704






613






596






484








 






Tangible net income available to common shareholders (annualized) (i)






657






2,793






2,432






2,391






1,963








 






 






 






 






 






 






 






 








 






Average Bancorp shareholders’ equity






30,108






21,527






21,216






20,670






20,000








 






Less:






Average preferred stock






(2,040)






(1,770)






(2,112)






(2,116)






(2,116)








 






 






Average goodwill






(8,686)






(4,947)






(4,937)






(4,918)






(4,918)








 






 






Average intangible assets






(841)






(72)






(77)






(79)






(86)








 






Average tangible common equity, including AOCI (j)






18,541






14,738






14,090






13,557






12,880








 






Less:






Average AOCI






3,080






3,137






3,520






3,935






4,362








 






Average tangible common equity, excluding AOCI (k)






21,621






17,875






17,610






17,492






17,242








 






 






 






 






 






 






 






 








 






Total Bancorp shareholders’ equity






34,106






21,724






21,107






21,124






20,403








 






Less:






Preferred stock






(2,182)






(1,770)






(1,770)






(2,116)






(2,116)








 






 






Goodwill






(9,966)






(4,947)






(4,947)






(4,918)






(4,918)








 






 






Intangible assets






(1,233)






(69)






(76)






(75)






(82)








 






Tangible common equity, including AOCI (l)






20,725






14,938






14,314






14,015






13,287








 






Less:






AOCI






3,234






3,110






3,276






3,546






3,895








 






Tangible common equity, excluding AOCI (m)






23,959






18,048






17,590






17,561






17,182








 






Add:






Preferred stock






2,182






1,770






1,770






2,116






2,116








 






Tangible equity (n)






26,141






19,818






19,360






19,677






19,298








 






 






 






 






 






 






 






 








 






Total assets






297,039






214,376






212,903






209,991






212,669








 






Less:






Goodwill






(9,966)






(4,947)






(4,947)






(4,918)






(4,918)








 






 






Intangible assets






(1,233)






(69)






(76)






(75)






(82)








 






Tangible assets, including AOCI (o)






285,840






209,360






207,880






204,998






207,669








 






Less:






AOCI, before tax






4,255






4,092






4,311






4,666






5,125








 






Tangible assets, excluding AOCI (p)






$290,095






$213,452






$212,191






$209,664






$212,794








 






 






 






 






 






 






 






 








 






Common shares outstanding (q)






906






661






661






668






667








 






 






 






 






 






 






 






 








 






Tangible equity (n) / (p)






9.01%






9.28%






9.12%






9.39%






9.07%








 






Tangible common equity (excluding AOCI) (m) / (p)






8.26%






8.46%






8.29%






8.38%






8.07%








 






Tangible common equity (including AOCI) (l) / (o)






7.25%






7.14%






6.89%






6.84%






6.40%








 






Tangible book value per share (including AOCI) (l) / (q)






$22.88






$22.60






$21.66






$20.98






$19.92








 






Tangible book value per share (excluding AOCI) (m) / (q)






$26.44






$27.30






$26.61






$26.29






$25.76









 






Fifth Third Bancorp and Subsidiaries






 






 






 






 






 








 






Non-GAAP Reconciliation






 






 






 






 






 








 






$ in millions






For the Three Months Ended








 






(unaudited)






March






 






December






 






March








 






 






2026






 






2025






 






2025








 






Net income (r)






$165






 






$731






 






$515








 






Net income (annualized) (s)






669






 






2,900






 






2,089








 






 






 






 






 






 






 








 






Adjustments (pre-tax items)






 






 






 






 






 








 






Merger-related charges






657






 






13






 






—








 






Merger-related Day 1 ACL build






83






 






—






 






—








 






Securities (gains)/losses






12






 






5






 






9








 






Litigation settlements






—






 






(12)






 






—








 






FDIC special assessment






—






 






(25)






 






—








 






Fifth Third Foundation contribution






—






 






50






 






—








 






Interchange litigation matters






(8)






 






11






 






18








 






Non-qualified deferred compensation expense/(benefit)






(9)






 






(5)






 






(4)








 






Adjustments, pre-tax






735






 






37






 






23








 






Applicable income tax expense on adjustments






166






 






6






 






5








 






Adjustments, after-tax (t)(a)(b)






569






 






31






 






18








 






 






 






 






 






 






 








 






Adjustments (tax related items)






 






 






 






 






 








 






Benefit related to the resolution of certain tax matters






—






 






(7)






 






—








 






Adjustments (tax related items) (u)






—






 






(7)






 






—








 






 






 






 






 






 






 








 






Noninterest income (v)






895






 






811






 






694








 






Interchange litigation matters






(8)






 






8






 






18








 






Merger-related charges






22






 






—






 






—








 






Litigation settlements






—






 






(12)






 






—








 






Noninterest income excluding certain item(s)






909






 






807






 






712








 






Securities losses, net






12






 






5






 






9








 






Adjusted noninterest income, excluding certain items and securities losses (w)






921






 






812






 






721








 






 






 






 






 






 






 








 






Noninterest expense (x)






2,395






 






1,309






 






1,304








 






Interchange litigation matters






—






 






(3)






 






—








 






Merger-related charges






(635)






 






(13)






 






—








 






FDIC special assessment






—






 






25






 






—








 






Fifth Third Foundation contribution






—






 






(50)






 






—








 






Noninterest expense excluding certain item(s)






1,760






 






1,268






 






1,304








 






Non-qualified deferred compensation benefit






9






 






5






 






4








 






Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (y)






1,769






 






1,273






 






1,308








 






 






 






 






 






 






 








 






Adjusted net income (r) + (t) + (u)






734






 






755






 






533








 






Adjusted net income (annualized) (z)






2,977






 






2,995






 






2,162








 






 






 






 






 






 






 








 






Adjusted tangible net income available to common shareholders (h) + (t) + (u)






731






 






728






 






502








 






Adjusted tangible net income available to common shareholders (annualized) (aa)






2,965






 






2,888






 






2,036








 






 






 






 






 






 






 








 






Average assets (ab)






$265,551






 






$213,021






 






$210,558








 






 






 






 






 






 






 








 






Return on average tangible common equity (i) / (j)






3.5%






 






19.0%






 






15.2%








 






Return on average tangible common equity excluding AOCI (i) / (k)






3.0%






 






15.6%






 






11.4%








 






Adjusted return on average tangible common equity, including AOCI (aa) / (j)






16.0%






 






19.6%






 






15.8%








 






Adjusted return on average tangible common equity, excluding AOCI (aa) / (k)






13.7%






 






16.2%






 






11.8%








 






 






 






 






 






 






 








 






Return on average assets (s) / (ab)






0.25%






 






1.36%






 






0.99%








 






Adjusted return on average assets (z) / (ab)






1.12%






 






1.41%






 






1.03%








 






Efficiency ratio (FTE) (x) / [(a) + (v)]






84.5%






 






55.8%






 






61.0%








 






Adjusted efficiency ratio (y) / [(a) + (w)]






61.9%






 






54.3%






 






60.5%








 






Total revenue (FTE) (a) + (v)






$2,834






 






$2,344






 






$2,136








 






Adjusted total revenue (FTE) (a) + (w)






$2,860






 






$2,345






 






$2,163








 






Pre-provision net revenue (PPNR) (a) + (v) - (x)






$439






 






$1,035






 






$832








 






Adjusted pre-provision net revenue (PPNR) (a) + (w) - (y)






$1,091






 






$1,072






 






$855








 






Totals may not foot due to rounding.








 






(a) Assumes a 24% tax rate.








 






(b) A portion of the adjustments related to merger-related expenses are not tax-deductible.









Fifth Third Bancorp and Subsidiaries






 






 






 






 






 






 








Segment Presentation






 






 






 






 






 






 








$ in millions






 






 






 






 






 






 








(unaudited)






 






 






 






 






 






 








 






 






 






 






 






 






 








For the three months ended March 31, 2026






Commercial

Banking






Consumer and

Small Business

Banking






Wealth

and Asset

Management






General

Corporate

and Other






Total






 








 






 






 






 






 






 






 








Net interest income (FTE)(a)






$878






$1,073






$83






$(95)






$1,939






 








(Provision for) benefit from credit losses






(158)






(89)






—






20






(227)






 








Net interest income after (provision for) benefit from credit losses






720






984






83






(75)






1,712






 








Noninterest income






441






298






164






(8)






895






 








Noninterest expense






(734)






(810)






(183)






(668)






(2,395)






 








Income (loss) before income taxes (FTE)(a)






$427






$472






$64






$(751)






$212






 








 






 






 






 






 






 






 








For the three months ended December 31, 2025






Commercial

Banking






Consumer and

Small Business

Banking






Wealth

and Asset

Management






General

Corporate

and Other






Total






 








 






 






 






 






 






 






 








Net interest income (FTE)(a)






$581






$1,026






$52






$(126)






$1,533






 








(Provision for) benefit from credit losses






(46)






(84)






—






11






(119)






 








Net interest income after (provision for) benefit from credit losses






535






942






52






(115)






1,414






 








Noninterest income






386






311






111






3






811






 








Noninterest expense






(476)






(645)






(97)






(91)






(1,309)






 








Income (loss) before income taxes (FTE)(a)






$445






$608






$66






$(203)






$916






 








 






 






 






 






 






 






 








For the three months ended September 30, 2025






Commercial

Banking






Consumer and

Small Business

Banking






Wealth

and Asset

Management






General

Corporate

and Other






Total






 








 






 






 






 






 






 






 








Net interest income (FTE)(a)






$594






$1,082






$55






$(206)






$1,525






 








(Provision for) benefit from credit losses






(246)






(73)






—






122






(197)






 








Net interest income after (provision for) benefit from credit losses






348






1,009






55






(84)






1,328






 








Noninterest income






357






309






109






6






781






 








Noninterest expense






(454)






(653)






(93)






(67)






(1,267)






 








Income (loss) before income taxes (FTE)(a)






$251






$665






$71






$(145)






$842






 








 






 






 






 






 






 






 








For the three months ended June 30, 2025






Commercial

Banking






Consumer and

Small Business

Banking






Wealth

and Asset

Management






General

Corporate

and Other






Total






 








 






 






 






 






 






 






 








Net interest income (FTE)(a)






$595






$1,085






$57






$(237)






$1,500






 








(Provision for) benefit from credit losses






(79)






(84)






2






(12)






(173)






 








Net interest income after (provision for) benefit from credit losses






516






1,001






59






(249)






1,327






 








Noninterest income






321






293






101






35






750






 








Noninterest expense






(453)






(646)






(95)






(70)






(1,264)






 








Income (loss) before income taxes (FTE)(a)






$384






$648






$65






$(284)






$813






 








 






 






 






 






 






 






 








For the three months ended March 31, 2025






Commercial

Banking






Consumer and

Small Business

Banking






Wealth

and Asset

Management






General

Corporate

and Other






Total






 








 






 






 






 






 






 






 








Net interest income (FTE)(a)






$552






$975






$49






$(134)






$1,442






 








Provision for credit losses






(80)






(84)






—






(10)






(174)






 








Net interest income after provision for credit losses






472






891






49






(144)






1,268






 








Noninterest income






301






281






109






3






694






 








Noninterest expense






(511)






(650)






(106)






(37)






(1,304)






 








Income (loss) before income taxes (FTE)(a)






$262






$522






$52






$(178)






$658






 








(a) Includes taxable equivalent adjustments of $5 million for the three months ended March 31, 2026, $4 million for the three months ended December 31, 2025 and $5 million for the three months ended September 30, 2025, June 30, 2025 and March 31, 2025.






 







Category: Earnings

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416053198/en/
Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693


Original: Fifth Third Bancorp Reports First Quarter 2026 Earnings