Comerica deal, synergies and 2Q26 outlook drive Fifth Third (NASDAQ: FITB) talk
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Fifth Third Bancorp furnished an investor presentation for its appearance at the Morgan Stanley US Financials Conference, highlighting growth, profitability and its Comerica acquisition. The bank reported assets of $297 billion, deposits of $234 billion, and 1,489 U.S. branches as of March 31, 2026, ranking around ninth nationally by assets and deposits.
The presentation emphasizes a decade of scale and profitability gains, with total assets rising from $142 billion in 2016 to $297 billion in 1Q26 and adjusted ROTCE improving from 9.9% in 2016 to 17.8% in 2025. Management targets ROTCE above 19% and an efficiency ratio of 53% in 2027.
Fifth Third provides a Comerica integration update, noting $657 million of merger and integration costs incurred through 1Q26 and total expected costs of about $1.3 billion, alongside planned pre-tax run-rate expense synergies of $850 million by year-end 2026. For 2Q26, it expects average loans and leases of $178–$179 billion, net interest income of $2.20–$2.25 billion, noninterest income of $1.00–$1.06 billion, noninterest expense of $1.87–$1.89 billion, a net charge-off ratio of 30–35 basis points, and an effective tax rate of 22.5%.
Positive
- Improved profitability and efficiency: Adjusted ROTCE increased from 9.9% in 2016 to 17.8% in 2025, while the adjusted efficiency ratio improved from 63.9% to 55.9%, with targets of 19%+ ROTCE and a 53% efficiency ratio in 2027.
- Comerica synergy targets: The company plans to achieve $850 million in pre-tax run-rate expense synergies by year-end 2026 following the Comerica acquisition, which, if realized, would materially lower its ongoing cost base.
Negative
- High merger and integration costs: Comerica-related merger and integration costs totaled $657 million through 1Q26, with total expected costs of about $1.3 billion, representing substantial near-term expense and execution risk around integration.
Insights
Conference materials highlight scale, Comerica integration costs, and ambitious profitability targets.
Fifth Third Bancorp presents itself as a top‑10 U.S. bank with $297 billion in assets, diversified segments, and a footprint covering over half the U.S. population as of 3/31/26. Management underscores that adjusted ROTCE rose from 9.9% in 2016 to 17.8% in 2025, while efficiency improved from 63.9% to 55.9%.
The acquisition of Comerica is central. The company has incurred merger and integration costs of $657MM through 1Q26 and expects about $1.3B in total, targeting $850 million in pre‑tax run‑rate expense synergies by year‑end 2026. These figures show sizable near‑term expense but also a meaningful planned cost base reduction once integration is complete.
Near‑term expectations for 2Q26 include average loans and leases of $178–$179 billion, net interest income of $2.20–$2.25 billion, noninterest income of $1.00–$1.06 billion, and noninterest expense of $1.87–$1.89 billion, with a net charge‑off ratio of 30–35 bps. Longer term, the bank is targeting ROTCE above 19% and an efficiency ratio of 53% in 2027, indicating a continued focus on profitability and cost control if the integration and growth initiatives proceed as outlined.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total assets: $297 billion
Total deposits: $234 billion
Adjusted ROTCE: 17.8%
+5 more
8 metrics
Total assets
$297 billion
As of March 31, 2026
Total deposits
$234 billion
As of March 31, 2026
Adjusted ROTCE
17.8%
Full-year 2025, up from 9.9% in 2016
Merger & integration costs
$657MM
Comerica transaction, incurred through 1Q26
Total expected integration costs
~$1.3B
Comerica merger and integration
Target expense synergies
$850 million
Pre-tax run-rate by year-end 2026
2Q26 average loans & leases
$178–$179 billion
Company guidance including held-for-sale
2Q26 net charge-off ratio
30–35 bps
Company guidance for credit losses
Key Terms
Net interest income, Adjusted ROTCE, Efficiency ratio, Noninterest income, +2 more
6 terms
Net interest income financial
"Net interest income1 (1Q26 baseline: $1.94 billion) $2.20 - $2.25 billion"
Net interest income is the difference between the interest a financial institution earns on loans and investments and the interest it pays on deposits and borrowings. It matters to investors because it is a primary source of profit for banks and similar firms — like the gross margin on a store’s trade — and changes with loan growth, deposit costs and interest rates, so it signals core earning power and sensitivity to rate moves.
Adjusted ROTCE financial
"Adjusted ROTCE3 9.9% 17.8% 2016 2025"
Efficiency ratio financial
"Adjusted efficiency ratio3 63.9% 55.9% 2016 2025"
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
Noninterest income financial
"Noninterest income1 (1Q26 baseline: $0.92 billion; excludes securities g/l) $1.00 - $1.06 billion"
Noninterest income is the money a bank or financial firm earns from activities other than charging interest on loans, such as account fees, transaction charges, advisory and underwriting fees, trading gains, and service income — like a store making extra money from repairs, warranties or delivery charges rather than product sales. It matters to investors because it shows how diversified a company’s revenue is and whether it can withstand changes in interest rates; a strong noninterest income stream can stabilize profits but may also be more variable than steady loan interest.
Net charge-off ratio financial
"Net charge-off ratio 30 - 35 bps"
The net charge-off ratio measures the portion of a lender’s loans that were written off as uncollectible after subtracting any later recoveries, divided by the average loan balance over the same period and shown as a percentage. It tells investors how many loans are effectively going bad — like the share of rotten fruit in a basket — and helps assess a lender’s credit quality, potential future losses and pressure on profits and reserves.
Merger & Integration Costs financial
"Total Merger & Integration Costs Incurred through 1Q26: $657MM"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 9, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| , | , | |||||||||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||||||||
(800 ) 972-3030
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||||||||
| The | Stock Market LLC | |||||||||||||||||||
| Depositary Shares Representing a 1/1000th Ownership Interest in a Share of | ||||||||||||||||||||
| | The | Stock Market LLC | ||||||||||||||||||
| Depositary Shares Representing a 1/40th Ownership Interest in a Share of | ||||||||||||||||||||
| The | Stock Market LLC | |||||||||||||||||||
| Depositary Shares Representing a 1/1000th Ownership Interest in a Share of | ||||||||||||||||||||
| The | Stock Market LLC | |||||||||||||||||||
| Depositary Shares Representing a 1/40th Ownership Interest in a Share of | ||||||||||||||||||||
| The | Stock Market LLC | |||||||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
On June 10, 2026, Fifth Third Bancorp will present at the Morgan Stanley US Financials Conference. A copy of this presentation is attached as Exhibit 99.1.
The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Exchange Act of 1934 or the Securities Act of 1933, except as shall be expressly set forth by specific reference.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1 – Fifth Third Bancorp Presentation
Exhibit 104 – Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIFTH THIRD BANCORP | ||||||||
| (Registrant) | ||||||||
Date: June 9, 2026 | /s/ Bryan D. Preston | |||||||
| Bryan D. Preston | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||
© Fifth Third Bancorp | All Rights Reserved Morgan Stanley US Financials Conference June 10, 2026
2 © Fifth Third Bancorp | All Rights Reserved Top 10 U.S. Bank with local scale and national reach1 Assets $297 billion Ranked 9th in the U.S.1 Deposits $234 billion Ranked 9th in the U.S.1 U.S. branches 1,489 Ranked 7th in the U.S.1 Note: Assets, deposits, and branches as of 3/31/26; 1Rankings as of 3/31/26 and consist of US commercial banks and exclude foreign, trust, & traditional investment banks; 2Represents standalone Fifth Third for 2025. Includes Wire, ACH, SWIFT, and Instant Payments; 3MSAs with populations greater than 500,000 ranked by percent population growth (2020-2024) per US Census Bureau; 4Population as of 2025 per S&P Capital IQ. Payments processed2 $18 trillion Ranked 4th in real-time payments among banks Fastest-growing large U.S. MSAs3 Toronto office London office Operating in 17 of the 20 fastest-growing large U.S. metro areas3 Retail footprint covers more than half of the U.S. population4 Southwest footprint Midwest footprint Southeast footprint
3 © Fifth Third Bancorp | All Rights Reserved Disciplined execution guided by core principles Stability Profitability Growth ✓ Resilient balance sheet ✓ Strong credit profile ✓ Branch-originated insured deposits and operational deposits tied to payments services ✓ NII growth and NIM expansion ✓ Diverse fee mix with high total revenue contribution ✓ Expense discipline ✓ Southeast and Texas demographics ✓ Modular, repeatable investments ✓ Tech-enabled product innovation #2 #3#1 Delivering on our commitment to be transparent and disciplined for our shareholders
4 © Fifth Third Bancorp | All Rights Reserved NII contribution1 43% 53% 4% 49% 33% 18%Fee contribution1 A simple, diversified business portfolio • Texas Commercial Banking Loans $55B Deposits $118B Loans $10B Deposits $14B Loans $112B Deposits $99B Consumer & Small Business Banking Wealth & Asset Management Lending / Deposits / Capital Markets / Treasury Management & Payments Lending / Deposits / Payments Wealth Management / Trust / Custody NII contribution1 Fee contribution1 NII contribution1 Fee contribution1 Business Offerings Business Offerings Business Offerings Note: "World's Most Ethical Companies" and "Ethisphere" names and marks are registered trademarks of Ethisphere LLC. 1Source: FITB and management filings as of March 31, 2026, presented as a percent of 1Q26 segment revenue, which excludes General Corporate and Other.
5 © Fifth Third Bancorp | All Rights Reserved Evolution of Fifth Third over the last two decades 2005 2010 2015 2020 2025 2005 2010 2015 2020 2025 Assets $105B $111B $141B $205B $214B FTE ~21,700 ~20,800 ~18,300 ~19,900 ~18,700 Assets FTE $4.9MM $5.3MM $7.7MM $10.3MM $11.5MM 2010-2016 Launched Transforming Fifth Third which established the Three Lines of Defense 2016-2019 Project NorthStar enhanced efficiency and profitability Feb. 2026 Comerica acquisition closed 2026 • Agentic Jeanie • Universal search powered by AI March 2019 acquisition closed Feb. 2006 Fifth Third hit peak headcount of ~22k Stability, Profitability & Growth 2022 Value Stream program began // // 2023 Released AI- powered Jeanie 2.0 & Newline platform 2018 Southeast expansion began, enabled by geospatial analytics 2019 Converted to OCC charter, launched DeNovo analytics & NextGen branch design 2007-2009 GFC 2020 MyDay & Jeanie Chatbot introduced 2025 Improved Jeanie 3.0 released 2021 Momentum Banking released 2022 Cloud-native mobile app launched
6 © Fifth Third Bancorp | All Rights Reserved Total assets have more than doubled A decade of value creation – Positioned for the next decade of growth Total assets ($ billions) 1Rankings as of 3/31/26 and consist of US commercial banks and exclude foreign, trust, & traditional investment banks; 2Source: S&P Capital IQ. Represents population in Fifth Third’s retail footprint states as a percentage of the total U.S. population; 3See forward-looking statements on page 15 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 26-28 of the 1Q26 earnings release. Fifth Third has doubled in scale, doubled in profitability, and fundamentally changed our long-term growth profile $142 $297 2016 1Q26 Profitability has nearly doubled and continues to improve Adjusted ROTCE3 9.9% 17.8% 2016 2025 2x Footprint repositioning materially lifts underlying growth potential Fifth Third’s footprint as a percentage of the U.S. population2 29% 56% 2016 2025 Peer leading efficiency provides greater capacity to invest Adjusted efficiency ratio3 63.9% 55.9% 2016 2025 ~2x ~2x Creating a Top 10 U.S. Bank1 Target 19%+ ROTCE in 20273 4%+ expected footprint population growth3 Target 53% eff. ratio in 20273
7 © Fifth Third Bancorp | All Rights Reserved 1 Peer 1 61% Peer 5 63% Peer 7 172% Peer 7 318% 2 Peer 4 40% Peer 1 60% Peer 1 153% Peer 1 299% 3 FITB 36% Peer 7 57% FITB 152% FITB 288% 4 Peer 7 34% FITB 50% Peer 2 123% Peer 6 252% 5 Peer 10 32% Peer 2 49% Peer 6 118% Peer 10 188% 6 Peer 6 31% Peer 6 40% Peer 10 83% Peer 4 160% 7 Peer 9 29% Peer 3 36% Peer 4 80% Peer 5 149% 8 Peer 8 26% Peer 10 30% Peer 3 70% Peer 3 141% 9 Peer 5 24% Peer 4 22% Peer 5 66% Peer 2 136% 10 Peer 2 23% Peer 9 14% Peer 9 40% Peer 8 100% 11 Peer 3 6% Peer 8 4% Peer 8 35% Peer 9 86% 7 Year 10 Year 1 Year 5 Year 2027 P/E Delivering shareholder outperformance Total shareholder return Source: S&P Capital IQ, Bloomberg Finance L.P. Note: Trailing TSR as of 6/8/2026; Excludes peers that participated in an FDIC assisted transaction. 2027 consensus EPS and price as of 5/31/26 Peer 6 Peer 5 Peer 11 x Peer 4 Peer 7 Peer 9 Peer 1 Peer 8 Peer 10 Peer 3 10.0x Peer median 9.8x Producing top quartile total shareholder returns consistently
8 © Fifth Third Bancorp | All Rights Reserved Accelerating our decade-long network expansion1 Branch distribution by region2 Source: S&P Capital IQ; 1See forward-looking statements on page 15 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 26-28 of the 1Q26 earnings release; 2Represents % of total branches by geographic region and includes 150 planned de novo builds in Texas; 3Population growth represented as 5-year projected growth rate (2026-2031 not annualized) per S&P Capital IQ. Overall growth rate calculated as population growth rate weighted by branch distribution (based on Fifth Third and Comerica’s proforma branch counts) by region; 4MSAs with populations greater than 500,000 ranked by percent population growth (2020-2024) per US Census Bureau. By 2030, 50+% of Fifth Third’s footprint will be in the best markets in the U.S., including 17 of the 20 fastest growing large U.S. metros4 76% 24% 1,154 branches 2017 2025 2028 (Pre-CMA) 2030E 67% 33% 1,130 branches ~50%~50% ~1,250 branches ~45% ~35% ~20% ~1,750 branches Midwest footprint Southeast footprint Southwest footprint P o p u la ti o n g ro w th 3 2.5% 3.1% 3.8% 4.1%
9 © Fifth Third Bancorp | All Rights Reserved Four distinct $10B deposit opportunities Market Expansion Tech-enabled relationship deepening Proven deposit playbooks, expanded through Comerica – diversified across customers, markets, and capabilities 1 2 3 4 Southeast branch maturation Texas de novo buildout Small business and payments Tech & life sciences vertical Proven playbook: site selection, staffing, marketing and digital onboarding Deposits per branch ~50% above peer average1 Seasoning of ~400 de novos provides peer leading embedded growth opportunity Apply southeast playbook to Comerica’s established Texas franchise Strong response rates from initial marketing campaigns 150 branches to be built by 2029 with over 90 locations already identified3 Provide-enabled SBA platform driving market share capture… #53 → #152 1-out-of-3 new payments clients are payments- only with no credit attached 4-to-1 deposit-to-loan portfolio – reengage and selectively build a durable relationship-oriented vertical Newline deepens operating relationships with innovation-economy clients 1Source: S&P Capital IQ; 2025 FDIC data capped at $250MM and filtered for de novos opened since 2018. Not all de novos have been open for 5 years; 2Source: U.S. Small Business Administration Lender Report,; 2026 fiscal year; 3See forward-looking statements on page 15 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 26-28 of the 1Q26 earnings release.
10 © Fifth Third Bancorp | All Rights Reserved Relative asset size does not reflect middle market scale Relationship banking powerhouse positioned to grow 283 350 608 2021 2026 Salesforce additions drive growth1 Middle market salesforce $18 $23 $37 2021 2026 Middle market loans ($B) Deep, relationship driven Middle Market platform serving diverse industries across the country Leading payments products in core treasury management and an industry leader in embedded payments Broad capital markets capabilities, including customer derivatives, syndications, debt and capital markets, and M&A Relationship focused with industry leading product capabilities 1Q26 End of Period Loans x Trillionaire ~16x Total assets x Trillionaire ~2x Total middle market lending 5% CAGR 6% CAGR As of 1Q26 As of 1Q26 Source: company filings and management reporting as of March 31, 2026; 12021 Middle market salesforce and loans presented as standalone Fifth Third Fifth ThirdComerica
11 © Fifth Third Bancorp | All Rights Reserved 33% 29% x LTM 4Q25 Peer Median Fee revenue mix is well-diversified 24% 22% 18% 14% 12% 5% 5% Commercial Banking Mortgage Banking Other Noninterest Income Wealth & Asset Management Commercial Payments Consumer Banking Capital Markets Strategic investments resulting in fee diversification and growth LTM 1Q26 pro-forma noninterest income $4.2B LTM 1Q26 pro-forma noninterest income mix1,2 Fee contribution as a percent of revenue is favorable relative to peers LTM 1Q26 pro-forma noninterest income as a percent of pro-forma revenue2, unless otherwise noted Total pro-forma fee revenue accounted for ~33% of total pro-forma revenue for the last twelve months Two $1B+ high-growth, recurring revenue engines: Commercial Payments and Wealth and Asset Management Diversified fee sources: 5 categories greater than 10% Note: Totals may not foot due to rounding. 1See forward-looking statements on page 15 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 26-28 of the 1Q26 earnings release; 2Last twelve month (LTM) noninterest income and revenue are presented on a pro-forma basis, excluding securities gains/losses, for Fifth Third and Comerica as of 3/31/2026. These results are preliminary and may differ from information provided in the 10-Q due to finalization of purchase accounting or other adjustments.
12 © Fifth Third Bancorp | All Rights Reserved Comerica integration update1 We are progressing with high confidence toward the Comerica conversion over Labor Day weekend 1See forward-looking statements on page 15 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 26-28 of the 1Q26 earnings release Total Merger & Integration Costs Incurred through 1Q26: $657MM Total expected: ~$1.3B On track to achieve $850 million pre-tax run-rate expense synergies by year-end 2026 February 1, 2026 Legal close of transaction 1st Quarter 2026 Executed swap dealer conversion 1st Quarter 2026 First Comerica branded consumer direct mail deposit campaign in more than a decade 2nd & 3rd Quarter 2026 3 mock conversions to ensure seamless conversion of customers and systems; Completed mock 1 in May Late 2nd Quarter 2026 New Direct Express cardholder enrollments on Fifth Third platform September 4 - 7, 2026 Conversion of branches and systems Enrollment in Fifth Third mobile and online banking
13 © Fifth Third Bancorp | All Rights Reserved 2Q26 current expectations Avg. loans & leases (Including HFS) $178 -$179 billion Net interest income1 (1Q26 baseline: $1.94 billion) $2.20 - $2.25 billion assumes 6/30/26 Fed funds rate of 3.75% and includes the impact of purchase accounting accretion Noninterest income1 (1Q26 baseline: $0.92 billion; excludes securities g/l) $1.00 - $1.06 billion Noninterest expense1 (1Q26 baseline: $1.77 billion; excludes the mark-to market impact of non-qualified deferred compensation) $1.87 - $1.89 billion Includes the impact of anticipated CDI amortization (~$60MM) and excludes acquisition related charges Net charge-off ratio 30 - 35 bps Effective tax rate 22.5% 1See forward-looking statements on page 15 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 26-28 of the 1Q26 earnings release. Current expectations unchanged from April 17, 2026 earnings call As of June 10, 2026; please see cautionary statements on page 15
14 © Fifth Third Bancorp | All Rights Reserved Why Fifth Third Positioned to generate long-term sustainable value to shareholders despite the environment ✓ Well-diversified and resilient balance sheet to provide stability and profitability ✓ Consistent investments to generate balanced and growing revenue streams while maintaining peer-leading expense discipline ✓ Multi-year track record of making appropriate and preemptive changes to the business ✓ Transparent management team
15 © Fifth Third Bancorp | All Rights Reserved Cautionary Statement This presentation 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. 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 report should be read as applying mutatis mutandis to every other instance of such information appearing herein. 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. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. In this presentation, we may sometimes provide non-GAAP financial information. Please note that although non-GAAP financial measures provide useful insight to analysts, investors and regulators, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures. We provide a discussion of non-GAAP measures and reconciliations to the most directly comparable GAAP measures in slides 40-41 of our 1Q26 earnings presentation, as well as on pages 26 through 28 of our 1Q26 earnings release. Management does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of the Bancorp's control or cannot be reasonably predicted. For the same reasons, Bancorp's management is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
FAQ
What key financial metrics did Fifth Third (FITB) highlight in its conference presentation?
Fifth Third highlighted assets of $297 billion, deposits of $234 billion, and 1,489 U.S. branches as of March 31, 2026. It also emphasized adjusted ROTCE of 17.8% for 2025 and an adjusted efficiency ratio of 55.9%, showing improved profitability and cost control.
How is the Comerica acquisition affecting Fifth Third (FITB) financially?
The Comerica acquisition has generated $657 million of merger and integration costs through 1Q26, with total expected costs around $1.3 billion. Fifth Third targets $850 million in pre-tax run-rate expense synergies by year-end 2026, aiming to offset these upfront costs over time.
What are Fifth Third’s (FITB) financial expectations for the second quarter of 2026?
For 2Q26, Fifth Third expects average loans and leases of $178–$179 billion, net interest income of $2.20–$2.25 billion, noninterest income of $1.00–$1.06 billion, and noninterest expense of $1.87–$1.89 billion, with a projected net charge-off ratio of 30–35 basis points.
How has Fifth Third’s (FITB) scale changed over the past decade?
Fifth Third’s total assets increased from $142 billion in 2016 to $297 billion by the first quarter of 2026. The bank describes this as roughly doubling its scale while also enhancing profitability and repositioning its footprint toward faster-growing U.S. markets.
What does Fifth Third (FITB) say about credit quality in its outlook?
For 2Q26, Fifth Third projects a net charge-off ratio of 30–35 basis points. This guidance provides investors with a view of expected credit costs as the bank integrates Comerica and continues expanding across its core commercial, consumer, and payments businesses.