Welcome to our dedicated page for Fifth Third Bancorp news (Ticker: FITB), a resource for investors and traders seeking the latest updates and insights on Fifth Third Bancorp stock.
Fifth Third Bancorp (NASDAQ: FITB) generates a steady flow of news as a multi-state bank holding company and parent of Fifth Third Bank, National Association. News coverage for FITB commonly reflects its role in consumer and commercial banking, its geographic expansion strategy, and its use of technology and partnerships to support customers and communities.
Investors and observers following Fifth Third news will see updates on strategic transactions, such as its Agreement and Plan of Merger with Comerica Incorporated and related regulatory milestones documented in joint press releases and Form 8-K filings. These items describe the planned multi-step corporate and bank mergers and the approvals obtained from regulators and shareholders, while also outlining the forward-looking risks associated with the transaction.
Fifth Third news also includes announcements about capital and balance sheet actions. Examples disclosed in recent filings and press releases include redemptions of certain preferred stock and subordinated notes, share repurchase agreements, and periodic earnings releases and investor presentations. These items provide insight into how the company manages its capital structure and communicates financial information to the market.
Operational and strategic updates are another key element of FITB news. The bank has issued releases on its Southeast expansion, milestone branch openings in Florida and the Carolinas, and its broader footprint strategy. It has also announced a definitive agreement to acquire Mechanics Bank’s Fannie Mae DUS business line to expand multifamily housing finance capabilities, as well as a multi-year partnership with Brex to provide an AI-enabled commercial card and finance platform for commercial banking clients.
Community and governance developments appear regularly in Fifth Third’s news flow, including small business appreciation campaigns, neighborhood investment initiatives, and changes to its Board of Directors. For readers tracking FITB, the news page offers a consolidated view of these regulatory, strategic, community and governance updates.
Fifth Third (NASDAQ: FITB) announced that its Fifth Third New Markets Development Company II received an $85 million New Markets Tax Credits award from the U.S. Treasury CDFI Fund on Jan. 16, 2026. This is the second NMTC award to Fifth Third within 15 months, following a $50 million allocation in Sept. 2024, and is intended to accelerate revitalization projects in distressed communities across the bank's footprint.
The NMTC program leverages federal credits to attract private capital, with the Treasury estimating $1 of federal investment generates $8 of private investment. The funding will support projects such as healthcare clinics, community facilities, affordable housing, small business growth, and workforce development.
Fifth Third (Nasdaq: FITB) and Comerica (NYSE: CMA) received Board of Governors of the Federal Reserve approval and all material regulatory and shareholder approvals to combine, with the transaction expected to close on February 1, 2026 subject to remaining customary closing conditions. The merged company will become the ninth largest U.S. bank with $290 billion in assets and a footprint covering 17 of the 20 fastest-growing large U.S. markets.
Management cites immediate earnings accretion, no dilution to tangible book value per share, and a clear path to more than $500 million of annual revenue synergies; Comerica reported $77.4 billion in assets as of Sept. 30, 2025. Full system and brand conversions are planned later in 2026, and Comerica branches will continue to operate under the Comerica brand until conversions occur.
Fifth Third Bancorp (NASDAQ: FITB) said its subsidiary Fifth Third Bank submitted a redemption notice to redeem all outstanding 3.850% Subordinated Notes due March 15, 2026 (CUSIP 31677AAB0), originally issued in the principal amount of $750 million. The notes will be redeemed on or after the February 13, 2026 redemption date at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date.
The action affects the Bank’s subordinated debt maturing March 15, 2026, and will settle through the issuing and paying agent per the notes’ terms.
Fifth Third (Nasdaq: FITB) and Comerica (NYSE: CMA) shareholders approved their merger, with Fifth Third shareholders voting 99.7% in favor and Comerica stockholders voting 97.0% in favor. The transaction is expected to close in Q1 2026, subject to customary closing conditions.
Combined, the firms will form the ninth largest US bank with about $290 billion in assets and a footprint across 17 of the 20 fastest-growing large U.S. markets. Comerica reported $77.4 billion in total assets as of Sept. 30, 2025. Management said the merger will combine Fifth Third’s retail and digital capabilities with Comerica’s middle market franchise.
Fifth Third Bank (NASDAQ: FITB) announced that Fifth Third Private Bank was named a Best Private Bank (US, Regional) for the seventh consecutive year and was also named Best Private Bank or Wealth Manager for Net Worth up to $5 Million (Global) by Global Finance in its 2026 World’s Best Private Bank Awards.
The recognition highlights the Private Bank's consultative advisory approach, digital and data-driven personalization, and focus on multi-generational and cross-border wealth needs for high-net-worth clients. Company leaders emphasized client empowerment, long-term guidance, and expert advisers as drivers of the honor.
Fifth Third (NASDAQ: FITB) awarded nearly $145,000 in combined tips and grants through its third annual “Swap, Snap, Share” small business campaign on December 17, 2025. Employees left more than 1,600 tips of $53 and randomly selected 11 businesses to receive $5,300 grants after more than 2,500 entries.
Since 2023, the program has engaged over 4,000 employees, highlighted more than 7,500 small businesses, delivered over $150,000 in tips and nearly $250,000 in grants, and supports Fifth Third’s work with 505,000 small business customers across a 12-state footprint.
Fifth Third (Nasdaq: FITB) announced that Thomas H. (Hal) Harvey will retire from the Board and that Priscilla Almodovar will join the Board, effective January 7, 2026. Almodovar will serve on the Bank’s Nominating and Corporate Governance, and Risk and Compliance Committees.
Almodovar brings over 35 years of leadership experience, most recently as President and CEO of Fannie Mae, where she led a $4.1 trillion enterprise, and previously launched a $3.5 billion affordable housing initiative at Enterprise Community Partners.
Fifth Third Bank (Nasdaq: FITB) announced a reduction of its prime lending rate to 6.75%, effective immediately on December 10, 2025.
This follows a prior adjustment on October 29, 2025, when the bank lowered prime from 7.25% to 7.00%.
Fifth Third (NASDAQ: FITB) agreed to acquire Mechanics Bank’s Fannie Mae Delegated Underwriting and Servicing business in an all-cash transaction. Fifth Third will buy Mechanics Bank’s approximately $1.8 billion DUS servicing portfolio, including escrow amounts, and hire the employees operating the DUS Business. Completion is subject to Fannie Mae approval of Fifth Third as an authorized DUS lender and customary closing conditions. The transaction is expected to close in the first quarter of 2026. Financial and legal advisors for the parties were disclosed.
Fifth Third Bancorp (NASDAQ: FITB) announced on December 9, 2025 a definitive agreement to acquire Mechanics Bank’s Delegated Underwriting and Servicing (DUS) business line.
The deal includes the DUS team, a $1.8 billion unpaid principal balance servicing portfolio, and a Fannie Mae DUS license, giving Fifth Third direct access to Fannie Mae multifamily products and an established servicing model. The transaction is subject to customary closing conditions and third-party approvals, including Fannie Mae approval. Financial and legal advisors to each party were disclosed.
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