Fifth Third Bancorp reports news as a U.S. bank holding company and the indirect parent of Fifth Third Bank, National Association, a federally chartered bank. Company updates cover earnings, loan and deposit trends, net interest income and margin, balance-sheet management, and integration following the completed Comerica merger into Fifth Third Financial Corporation, a wholly owned subsidiary.
Recurring developments also include branch expansion, commercial real estate and multifamily lending through the Fannie Mae DUS program, debt exchange activity, annual meeting results, Community Reinvestment Act performance, community-development programs, financial access initiatives, and service activities across the bank's footprint.
Fifth Third (FITB) announced that its Newline platform enables eligible U.S.-based fintechs to offer Visa corporate cards in over 40 countries. The offering uses Visa's Multinational Program and is limited to approved business use cases, subject to client, program, country and regulatory requirements.
Cards are issued by Fifth Third Bank for local use in cardholders' countries, with transactions authorized in local currency and processed like locally issued cards. Eligible fintechs can manage approved programs through their existing Newline relationship. Potential users include human capital management platforms, expense management providers and vertical software platforms.
Fifth Third Bancorp (NYSE: FITB) reported third-quarter 2026 net income available to common shareholders of $828 million, up from both comparison quarters. Diluted earnings were $0.90 per share, versus $0.83 in the second quarter and $0.91 a year earlier. Adjusted EPS was $1.13, excluding $0.23 of certain items.
Net interest income on a taxable-equivalent basis, which adjusts tax-exempt income for comparability, rose 3% sequentially to $2.276 billion. Noninterest income fell 5% sequentially to $1.008 billion, while noninterest expense declined 3% to $2.049 billion. Average deposits reached $238.344 billion, versus $231.506 billion in the prior quarter. The Comerica systems conversion was completed. Net charge-offs were 0.31%, versus 0.30% sequentially and 1.09% a year earlier. Tangible book value per share fell to $22.01 from $23.22 sequentially, while the common equity Tier 1 capital ratio increased to 10.02% from 9.93%.
Fifth Third Bancorp (NYSE: FITB) has named executive vice president Darren King head of its Commercial Bank, which now includes Regional Banking. King already leads Regional Banking and has headed the Commercial Bank on an interim basis since June. The combination with Comerica increased Fifth Third's middle market sales force by more than 75%. King joined Fifth Third in 2025 as head of Regional Banking and Wealth Management.
Fifth Third Bancorp (FITB) has earned a place on Forbes’ 2027 Best Customer Service list for the fourth consecutive year. Forbes partnered with customer-insights company HundredX to compile the ranking using a year-long survey of more than 164,000 consumers. Participants rated companies on personal interaction, speed, services and resolution. The survey collected more than 4.9 million ratings across more than 5,500 brands, with only the top 300 companies recognized.
Fifth Third Bank (NYSE: FITB) announced that American Banker recognized 20 of its female leaders across its 2026 Most Powerful Women lists. Bridgit Chayt was named to the Most Powerful Women in Banking list, and the bank received Most Powerful Team in Banking recognition. Karen Arrabal was honored in the Most Powerful Women in Banking: Next category.
Fifth Third Bank (FITB) launched Innovation Banking, combining Comerica's Tech and Life Sciences franchise with Fifth Third's Newline embedded banking platform.
The offering serves founders, investors and growth companies, bringing banking, payments, treasury, lending, capital markets and wealth services into one relationship. It pairs Comerica's 34-year franchise with Newline's payments infrastructure. Fifth Third sees a potential $10 billion multi-year deposit growth opportunity. The business model begins with liquidity and operating services and expands into financing, capital markets and wealth management as clients grow.
Fifth Third (FITB) and Trust & Will received Finovate's 2026 Best Fintech Partnership award for their estate-planning program. The partnership launched in 2025. In its first year, tens of thousands of customers created estate plans through the program, representing more than $10 billion in protected estate value.
Fifth Third says it is the first and only U.S. bank to offer free, attorney-approved wills to all customers. Thousands of customers using the program were first-time estate planners. Customers can learn about the offering at 53.com/TrustandWill.
Fifth Third Bancorp (FITB) submitted a notice to redeem all outstanding notes from its $500 million senior-note issue on November 1, 2026. The 1.707% fixed-rate/floating-rate notes are due in 2027 and carry CUSIP 316773 DD9. The redemption price is 100% of principal plus accrued and unpaid interest up to, but excluding, the redemption date. Payment becomes due on that date.
Fifth Third Bancorp (FITB) closed its registered exchange offer for two senior-note series on September 22, 2026, accepting all valid tenders.
Holders tendered $334,449,000 of the 4.000% notes due 2029, or 99.9399% of the $334,650,000 outstanding when the offer began. They also tendered $938,116,000 of the 5.982% fixed-to-floating notes due 2030, or 99.9973% of the $938,141,000 then outstanding.
Upon settlement, holders whose notes were accepted will receive registered notes of the same series and equal principal amount. Fifth Third expects settlement on or about September 24, 2026. The registered notes will represent the same debt as the unregistered notes.
Fifth Third (FITB) and the Detroit Tigers announced that Comerica Park will be renamed Fifth Third Park, following Fifth Third’s merger with Comerica and reflecting the bank’s expanded presence and commitments in Michigan.
After the merger, Fifth Third became the largest retail deposit holder in both Michigan and Detroit, established its Michigan regional headquarters at One Campus Martius in downtown Detroit, and kept the Great Lakes Campus in Farmington Hills as a major employment center. The bank is investing through its “Building Stronger Communities” framework, including a $20 million capital commitment to Detroit’s Gratiot/Seven Mile and Denby/Whittier neighborhoods. Signage changes for the ballpark will roll out in the offseason, with marquee signage in place before the 2027 season, alongside joint community and fan-focused programs.