Fifth Third Bancorp Reports Third Quarter 2026 Earnings
Organic momentum and successful integration advance the earnings power of the combined company
Reported EPS of $0.90; adjusted EPS (a) of $1.13 excludes $0.23 of certain items on page 2
Key Key Fina… High… Data $ in mill… for all bala… sheet and inco… stat… items Stab… •Res… cred… perf… Net char… 31 bps in 3Q26 •Core depo… incr… 3% sequ… loan… depo… ratio of 76% •Str… clie… and bank… rete… thro… the Come… conv… Prof… •Net inte… inco… incr… 3% sequ… •8% adju… PPNR… and 450 bps of posi… oper… leve… from 2Q26 •20.… adju… ROTC… 1.41% adju… ROA(… 3Q26 2Q26 3Q25 Grow… •Gen… 70% more comm… new qual… rela… comp… to 3Q25 •Con… hous… grow… of 7% in the Sout… and 8% in the Sout… •Gai… depo… share in Texas and Cali… with capp… depo… in Dall… Hous… and Aust… each up more than 20% year… while Sout… depo… grow… was more than five times the mark… rate Inco… Stat… Data Net inco… avai… $828 $763 $608 to comm… shar… Net inte… inco… 2,271 2,215 1,520 (U.S. GAAP) Net inte… 2,276 2,220 1,525 inco… (FTE… Noni… 1,008 1,059 781 inco… Noni… 2,049 2,109 1,267 expe… Per Share Data Earn… per $0.91 $0.84 $0.91 shar… basic Earn… per 0.90 0.83 0.91 shar… dilu… Book value 34.31 35.63 29.26 per share Tang… book value 22.01 23.22 21.66 per shar… Bala… Sheet & Cred… Qual… Aver… port… loans $179,… $177… $123,… and leas… Aver… 238,3… 231,… 164,7… depo… Accu… other -4,919 -3,2… -3,276 comp… loss Net char… 0.31 % 0.30 % 1.09 % rati… Nonp… asset 0.64 0.60 0.65 rati… Fina… Rati… Retu… on 1.14 % 1.08 % 1.21 % aver… asse… Retu… on aver… 10.2 9.5 12.6 comm… equi… Retu… on aver… 16.6 15.6 17.3 tang… comm… equi… CET1 10.02 9.93 10.57 capi… Net inte… 3.34 3.36 3.13 marg… Effi… 62.4 64.3 54.9 Other than the Quar… Fina… Revi… tabl… begi… on page 14, comm… is on a fully taxa… (FTE) basis unle… othe… note… Cons… with SEC guid… in Regu… S-K that cont… the calc… of tax-… inco… on a taxa… basi… net inte… inco… net inte… marg… net inte… rate spre… total reve… and the effi… ratio are prov… on an FTE basi…
Fifth Third's third quarter reflected the earnings power of the combined company. Even while integrating Comerica, our adjusted return on tangible common equity and efficiency ratio improved from the second quarter, and credit performance remained stable.
Less than a year after we announced the Comerica acquisition, we completed the systems conversion with strong client and banker retention. Most importantly, the business is growing. The latest FDIC data show sustained deposit share gains in the Southeast and new share gains in Comerica's Michigan, Texas and California markets, and household growth continues to be led by the Southeast.
We live in a more volatile world, and competition for deposits is heating up. Multiple sources of low-cost deposits and limited exposure to the borrowers most sensitive to higher rates give us flexibility regardless of the rate environment. We are building a Fifth Third that is better and not just bigger. We will continue to be guided by our operating priorities of stability, profitability and growth – in that order.
Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 October 19, 2026
Fifth Third Bancorp (NYSE: FITB) today reported third quarter 2026 net income available to common shareholders of $828 million, or $0.90 per diluted share, compared to $763 million, or $0.83 per diluted share, in the prior quarter and $608 million, or $0.91 per diluted share, in the year-ago quarter.
Diluted earnings per share impact of certain item(s) - 3Q26 (after-tax impact; $ in millions, except per share data) Merger-related charges(e)1,2 $(171) Interchange litigation matters(e)3 -26 Technology-related asset impairments(e) -14 After-tax impactof certain item(s) $(211) Diluted earnings per share impact of certain $(0.23) item(s)4 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 $215 million and decreased noninterest income by $10 million;3Interchange litigation matters increased noninterest expense by $5 million and decreased noninterest income by $29 million;4Diluted earnings per share impact reflects 917.103 million average diluted shares outstanding
Net interest income (FTE) increased 3% sequentially to $2.28 billion, reflecting the benefit of higher market rates, continued fixed-rate asset repricing, active investment portfolio management, and loan growth. These benefits were partially offset by higher deposit costs due to higher market rates and the migration of former off-balance-sheet Comerica investment sweep balances into interest- bearing deposits.
Compared with the year-ago quarter, net interest income increased 49%, primarily reflecting the addition of Comerica, with further support from fixed-rate asset repricing and balance sheet management. 3
Noninterest income of $1.01 billion decreased $51 million, or 5%, sequentially and increased $227 million, or 29%, year-over-year. The reported results reflect the impact of certain items in the table below, including interchange litigation matters, merger-related charges, and other securities gains/losses, which incorporate the mark-to-market impacts from securities tied to non-qualified deferred compensation plans, which are offset in noninterest expense.
Higher mortgage banking, commercial banking, and wealth and asset management revenue more than offset lower capital markets and consumer banking revenue. Wealth and asset management benefited from higher institutional trust and personal asset management revenue. Commercial payments was stable, as growth in deposit fees was offset by higher earnings credits. Capital markets fees declined as late-quarter market volatility slowed M&A advisory and loan syndication activity, more than offsetting higher corporate bond fees.
Excluding certain items, noninterest income increased 1% sequentially to $1.05 billion. 4
Noninterest expense of $2.05 billion decreased 3% sequentially, driven primarily by lower compensation and benefits expense. The reported results reflect the impact of certain items in the table below.
Noninterest expense excluding certain items and non-qualified deferred compensation decreased 2% sequentially to $1.82 billion. Merger-related charges recognized in noninterest expense totaled approximately 1.04 billion year-to- date, consistent with the integration timeline. 5
Total average portfolio loans and leases of $179 billion increased 1% sequentially and 45% year-over-year. Sequential performance was driven by approximately $1.5 billion of growth in commercial loans and leases, while average consumer loans were broadly stable. Year-over-year growth primarily reflected the addition of Comerica.
Average securities (taxable and tax-exempt; amortized cost) of $69 billion increased 1% sequentially and 26% year-over-year, with sequential growth reflecting continued investment portfolio activity. Average other short-term investments (including interest-bearing cash) increased $3.1 billion, or 17%, sequentially, primarily reflecting the migration of the previously mentioned former off-balance-sheet Comerica investment sweep balances onto the balance sheet. 6
Period-end total portfolio loans and leases increased 1% sequentially to $180 billion. Commercial growth was led by construction and C&I originations, partly offset by elevated payoffs. Consumer growth reflected continued momentum in home equity, partially offset by expected runoff in solar energy installation loans.
Total period-end securities (taxable and tax-exempt; amortized cost) increased $2.4 billion sequentially to $71 billion as a portion of the liquidity held earlier in the quarter was deployed into higher-yielding investment securities. As a result, period-end short-term investments declined $2.8 billion even though average short-term investments were higher for the quarter.
Total average deposits increased 3% sequentially to $238 billion, reflecting operational deposit growth, the Southwest retail deposit campaign, and the migration of former off-balance-sheet Comerica investment sweep balances onto the balance sheet. Additionally, certain Comerica legacy deposit products were simplified into more modern interest checking products resulting in a shift from commercial savings and money market into interest checking.
Period-end total deposits increased 2% sequentially to $239 billion, with growth in interest-checking, partially offset by lower money market and CD balances. The period-end portfolio loan-to-core deposit ratio improved to 76% from 77% last quarter, as deposit growth modestly outpaced loan growth. 7
Strong deposit growth improved the overall funding mix and supported a 10% sequential reduction in average wholesale funding to $23 billion, driven primarily by decreases of $1.3 billion in long-term debt and $1.1 billion in FHLB advances.
Compared with the year-ago quarter, average wholesale funding increased 7%, reflecting the Comerica acquisition. 8
The provision for credit losses declined to $122 million from $129 million in the prior quarter. The allowance for credit losses was $3.1 billion, or 1.74%, of total portfolio loans and leases, compared with 1.76% in the prior quarter. The modest decline in the ACL ratio reflected improvement in the commercial risk profile. The ACL coverage ratio remained strong at 292% of nonperforming portfolio loans and leases and 270% of nonperforming portfolio assets. 9 Net charge-offs totaled $139 million, or 0.31%, of average portfolio loans, compared with $135 million, or 0.30%, in the prior quarter. The commercial NCO ratio increased 1 bp sequentially to 0.22%, while the consumer NCO ratio declined 1 bp to 0.52%.
Compared with the year-ago quarter, the total NCO ratio improved 78 bps, largely because the prior year period included a $178 million asset-backed finance charge-off. Excluding that credit, the year-ago NCO ratio was 0.52%.
Credit quality remained stable, with early- and late-stage delinquencies, nonperforming portfolio loans and leases and nonperforming portfolio assets broadly unchanged sequentially. OREO was $81 million at September 30, 2026 and included $74 million of branch-related real estate no longer intended to be used for banking purposes primarily driven by the Comerica acquisition.
Fifth Third's CET1 capital ratio increased to 10.02%, compared with 9.93% in the prior quarter, as capital generated through earnings was partially offset by RWA growth. Fifth Third did not repurchase common shares during the quarter or year- to-date. 10
The effective tax rate for the quarter was 21.8% compared with 22.7% in the prior quarter and 22.6% in the year-ago quarter.
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.
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 to be the one 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 New York Stock Exchange 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.
(a) Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 27.
(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.
(f) Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 11
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 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 entirety. Any qualifications, assumptions, conditions, limitations or other disclosures that apply to a particular item of information are deemed to apply, with any necessary adjustments to all references to that information throughout this press release. # # # 12
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 21-22 Summary of Loans and Leases 23 Regulatory Capital 24 Summary of Credit Loss Experience 25 Asset Quality 26 Non-GAAP Reconciliation 27-29 Segment Presentation 30
(a) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.
(d) Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.
(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 $100 million which were taken at the time of acquisition. 14
(a) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.
(d) Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.
(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 $100 million which were taken at the time of acquisition. 15
(a) Fifth Third sells certain loans and leases and obtains servicing responsibilities. 23
(a) Excludes net charge-offs of $100 million which were taken at the time of acquisition. 25
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 earnings per share," “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 that 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. 27
Full text with the tables
Fifth Third Bancorp Reports Third Quarter 2026 Earnings
Organic momentum and successful integration advance the earnings power of the
combined company
Reported EPS of $0.90; adjusted EPS (a) of $1.13 excludes $0.23 of certain items
on page 2
Key Key
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Data
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mill…
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Stab…
•Res…
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Net
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Inco…
Stat…
Data
Net
inco…
avai… $828 $763 $608
to
comm…
shar…
Net
inte…
inco… 2,271 2,215 1,520
(U.S.
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Net
inte… 2,276 2,220 1,525
inco…
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inco…
Noni… 2,049 2,109 1,267
expe…
Per
Share
Data
Earn…
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shar…
basic
Earn…
per 0.90 0.83 0.91
shar…
dilu…
Book
value 34.31 35.63 29.26
per
share
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value 22.01 23.22 21.66
per
shar…
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Aver…
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and
leas…
Aver… 238,3… 231,… 164,7…
depo…
Accu…
other -4,919 -3,2… -3,276
comp…
loss
Net
char… 0.31 % 0.30 % 1.09 %
rati…
Nonp…
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rati…
Fina…
Rati…
Retu…
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aver…
asse…
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comm…
equi…
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tang…
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CET1 10.02 9.93 10.57
capi…
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From Tim Spence, Fifth Third Chairman, CEO and
President:
Fifth Third's third quarter reflected the earnings power of the combined
company. Even while integrating Comerica, our adjusted return on tangible common
equity and efficiency ratio improved from the second quarter, and credit
performance remained stable.
Less than a year after we announced the Comerica acquisition, we completed the
systems conversion with strong client and banker retention. Most importantly,
the business is growing. The latest FDIC data show sustained deposit share gains
in the Southeast and new share gains in Comerica's Michigan, Texas and
California markets, and household growth continues to be led by the Southeast.
We live in a more volatile world, and competition for deposits is heating up.
Multiple sources of low-cost deposits and limited exposure to the borrowers most
sensitive to higher rates give us flexibility regardless of the rate
environment. We are building a Fifth Third that is better and not just bigger.
We will continue to be guided by our operating priorities of stability,
profitability and growth – in that order.
Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks
Sullivan (614) 744-7693 October 19, 2026
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Fifth Third Bancorp (NYSE: FITB) today reported third quarter 2026 net income
available to common shareholders of $828 million, or $0.90 per diluted share,
compared to $763 million, or $0.83 per diluted share, in the prior quarter and
$608 million, or $0.91 per diluted share, in the year-ago quarter.
Diluted earnings per share impact of certain
item(s) - 3Q26
(after-tax impact; $ in millions, except per share
data)
Merger-related charges(e)1,2 $(171)
Interchange litigation matters(e)3 -26
Technology-related asset impairments(e) -14
After-tax impactof certain item(s) $(211)
Diluted earnings per share impact of certain $(0.23)
item(s)4
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 $215
million and decreased noninterest income by $10
million;3Interchange litigation matters increased
noninterest expense by $5 million and decreased
noninterest income by $29 million;4Diluted
earnings per share impact reflects 917.103 million
average diluted shares outstanding
2
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R…
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on 2.… % 2.… % 2… % 6 -27
i…
l…
R…
N…
i… 2.… % 2.… % 2… % -2 24
r…
s…
N…
i… 3.… % 3.… % 3… % -2 21
m…
(…
Net interest income (FTE) increased 3% sequentially to $2.28 billion, reflecting
the benefit of higher market rates, continued fixed-rate asset repricing, active
investment portfolio management, and loan growth. These benefits were partially
offset by higher deposit costs due to higher market rates and the migration of
former off-balance-sheet Comerica investment sweep balances into interest-
bearing deposits.
Compared with the year-ago quarter, net interest income increased 49%, primarily
reflecting the addition of Comerica, with further support from fixed-rate asset
repricing and balance sheet management.
3
No…
In…
For
($ the %
in Thr… Cha…
mi… Mon…
End…
Sep… June Sep…
2026 2026 2025 Seq Yr/Yr
No…
In…
We…
and
as… $259 $256 $181 1% 43%
ma…
re…
Co…
pa… 256 254 157 1% 63%
re…
Co…
ba… 158 161 144 (2)% 10%
re…
Ca…
ma… 147 154 115 (5)% 28%
fe…
Co…
ba… 128 125 87 2% 47%
re…
Mo…
ba… 47 39 58 21% (19…
net
re…
Ot…
no… 18 50 29 (64… (38…
in…
Se…
(l… -5 20 10 NM NM
ga…
net
To…
no… $1,… $1,… $781 (5)% 29%
in…
Noninterest income of $1.01 billion decreased $51 million, or 5%, sequentially
and increased $227 million, or 29%, year-over-year. The reported results reflect
the impact of certain items in the table below, including interchange litigation
matters, merger-related charges, and other securities gains/losses, which
incorporate the mark-to-market impacts from securities tied to non-qualified
deferred compensation plans, which are offset in noninterest expense.
Higher mortgage banking, commercial banking, and wealth and asset management
revenue more than offset lower capital markets and consumer banking revenue.
Wealth and asset management benefited from higher institutional trust and
personal asset management revenue. Commercial payments was stable, as growth in
deposit fees was offset by higher earnings credits. Capital markets fees
declined as late-quarter market volatility slowed M&A advisory and loan
syndication activity, more than offsetting higher corporate bond fees.
No…
In…
ex…
ce…
it…
For
($ the %
in Thr… Cha…
mi… Mon…
End…
Sep… June Sep…
2026 2026 2025 Seq Yr…
No…
In…
ex…
ce…
it…
No…
in… $1… $1… $7…
(U…
GA…
In…
li… 29 1 18
ma…
Me… 10 — —
ch…
Ot…
se… 5 -30 -10
lo…
net
Se…
re… — 10 —
lo…
No…
in…
ex… $1… $1… $7… 1% 33%
ce…
it…
Excluding certain items, noninterest income increased 1% sequentially to $1.05
billion.
4
No…
Ex…
For
($ the %
in Thr… Cha…
mi… Mon…
End…
Sep… June Sep…
2026 2026 2025 Seq Yr/…
No…
Ex…
Co…
and $982 $1,… $685 (13)% 43%
be…
Te…
and 300 250 128 20% 134%
co…
Net
oc… 144 154 89 (6)% 62%
ex…
Ca…
and 60 66 22 (9)% 173%
pr…
ex…
Eq… 59 60 44 (2)% 34%
ex…
Lo…
and 47 53 39 (11)% 21%
le…
ex…
Ma… 57 65 34 (12)% 68%
ex…
Ot…
no… 400 332 226 20% 77%
ex…
To…
no… $2,… $2,… $1,… (3)% 62%
ex…
Noninterest expense of $2.05 billion decreased 3% sequentially, driven primarily
by lower compensation and benefits expense. The reported results reflect the
impact of certain items in the table below.
N…
E…
e…
c…
i…
For
($ the %
in Th… Ch…
m… Mo…
En…
Se… Ju… Se…
20… 20… 20… Seq Yr…
N…
E…
e…
c…
i…
N…
e… $2,… $2,… $1,…
(…
G…
M… -215 -203 —
c…
T…
a… -19 -7 —
i…
I…
l… -5 -1 -9
m…
S… — -7 —
e…
F…
s… — — 6
a…
N…
e…
e… $1,… $1,… $1,… (4)% 43%
c…
i…
N…
d… 6 -30 -11
c…
b…
N…
e…
e…
c…
i… $1,… $1,… $1,… (2)% 45%
a…
n…
d…
c…
Noninterest expense excluding certain items and non-qualified deferred
compensation decreased 2% sequentially to $1.82 billion. Merger-related charges
recognized in noninterest expense totaled approximately 1.04 billion year-to-
date, consistent with the integration timeline.
5
A…
I…
A…
For
($ the %
in Th… Cha…
m… Mo…
En…
Se… June Sep…
20… 2026 2025 Seq Yr/…
A…
P…
L…
a…
L…
C…
l…
a…
l…
C…
a… $8… $8… $5… 1% 59%
i…
l…
C…
m… 27… 27… 12… — 12…
l…
C…
c… 8,… 8,… 5,… 4% 58%
l…
C… 3,… 3,… 3,… 2% 12%
l…
T…
c…
l… $1… $1… $7… 1% 68%
a…
l…
C…
l…
R…
m… $1… $1… $1… 1% 12%
l…
H… 7,… 6,… 4,… 3% 53%
e…
I…
s… 18… 18… 17… — 3%
c…
l…
C… 1,… 1,… 1,… — (2…
c…
S…
e… 4,… 4,… 4,… (3… (3…
i…
l…
O…
c… 2,… 2,… 2,… 2% 16%
l…
T…
c… $5… $5… $4… — 11%
l…
T…
a…
p… $1… $1… $1… 1% 45%
l…
a…
l…
A…
L…
a…
L…
H…
f…
S…
C…
l…
a…
l… $1… $3… $44 (5… 28…
h…
f…
s…
C…
l…
h… 597 736 623 (1… (4…
f…
s…
T…
a…
l…
a… $7… $1… $6… (3… 15%
l…
h…
f…
s…
T…
a…
l… $1… $1… $1… 1% 45%
a…
l…
S…
(… $6… $6… $5… 1% 26%
a…
t…
O…
s… 21… 18… 14… 17% 44%
i…
T…
a… $2… $2… $1… 2% 40%
i…
a…
Total average portfolio loans and leases of $179 billion increased 1%
sequentially and 45% year-over-year. Sequential performance was driven by
approximately $1.5 billion of growth in commercial loans and leases, while
average consumer loans were broadly stable. Year-over-year growth primarily
reflected the addition of Comerica.
Average securities (taxable and tax-exempt; amortized cost) of $69 billion
increased 1% sequentially and 26% year-over-year, with sequential growth
reflecting continued investment portfolio activity. Average other short-term
investments (including interest-bearing cash) increased $3.1 billion, or 17%,
sequentially, primarily reflecting the migration of the previously mentioned
former off-balance-sheet Comerica investment sweep balances onto the balance
sheet.
6
E…
of
P…
I…
A…
($ As %
in of Cha…
m…
Se… June Sep…
20… 2026 2025 Seq Yr/…
E…
of
P…
P…
L…
a…
L…
T…
c…
l… $1… $1… $7… 1% 70%
a…
l…
T…
c… 53… 53… 48… — 11%
l…
T…
p…
l… $1… $1… $1… 1% 46%
a…
l…
E…
of
P…
L…
a…
L…
H…
f…
S…
T…
l…
a…
l… $7… $8… $5… (1… 26%
h…
f…
s…
T…
l… $1… $1… $1… 1% 46%
a…
l…
S…
(… $7… $6… $5… 4% 34%
a…
t…
O…
s… 16… 19… 17… (1… (4…
i…
T…
i… $2… $2… $1… — 39%
a…
Period-end total portfolio loans and leases increased 1% sequentially to $180
billion. Commercial growth was led by construction and C&I originations, partly
offset by elevated payoffs. Consumer growth reflected continued momentum in home
equity, partially offset by expected runoff in solar energy installation loans.
Total period-end securities (taxable and tax-exempt; amortized cost) increased
$2.4 billion sequentially to $71 billion as a portion of the liquidity held
earlier in the quarter was deployed into higher-yielding investment securities.
As a result, period-end short-term investments declined $2.8 billion even though
average short-term investments were higher for the quarter.
A…
D…
For
-$ the %
in Th… Ch…
mi… Mo…
En…
Se… Ju… Se…
20… 20… 20… Seq Yr…
Av…
De…
De… $6… $6… $… — 5…
In… 75… 70… 5… 6% 3…
ch…
Sa… 18… 18… 1… (… 1…
Mo… 66… 63… 3… 5% 7…
ma…
To…
tr… $2… $2… $… 3% 4…
de…
CDs
$2… 12… 12… 1… (… 1…
or
le…
To…
co… $2… $2… $… 3% 4…
de…
CDs
ov… 2,… 2,… 2… (… 2…
$2…
To…
av… $2… $2… $… 3% 4…
de…
1C…
ov…
$2…
in…
$1…
$0…
and
$1…
of
re…
br…
ce…
of
de…
wh…
are
fu…
co…
by
FD…
in…
for
the
th…
mo…
en…
9/…
6/…
and
9/…
re…
Total average deposits increased 3% sequentially to $238 billion, reflecting
operational deposit growth, the Southwest retail deposit campaign, and the
migration of former off-balance-sheet Comerica investment sweep balances onto
the balance sheet. Additionally, certain Comerica legacy deposit products were
simplified into more modern interest checking products resulting in a shift from
commercial savings and money market into interest checking.
Period-end total deposits increased 2% sequentially to $239 billion, with growth
in interest-checking, partially offset by lower money market and CD balances.
The period-end portfolio loan-to-core deposit ratio improved to 76% from 77%
last quarter, as deposit growth modestly outpaced loan growth.
7
A…
W…
F…
For
-$ the %
in Th… C…
mi… Mo…
En…
Se… Ju… S…
20… 20… 2… S… Y…
Av…
Wh…
Fu…
CDs
ov… $2… $2… $2… (1… 21%
$2…
Fe…
fu… 181 160 198 13% (9…
pu…
Se…
so…
un… 395 444 376 (1… 5%
re…
ag…
FH… 2,… 3,… 4,… (3… (5…
ad…
De…
co…
and 93 64 82 45% 13%
ot…
se…
bo…
Lo… 17… 18… 14… (7… 25%
de…
To…
av… $2… $2… $2… (1… 7%
wh…
fu…
1C…
ov…
$2…
in…
$1…
$0…
and
$1…
of
re…
br…
ce…
of
de…
wh…
are
fu…
co…
by
FD…
in…
for
the
th…
mo…
en…
9/…
6/…
and
9/…
re…
Strong deposit growth improved the overall funding mix and supported a 10%
sequential reduction in average wholesale funding to $23 billion, driven
primarily by decreases of $1.3 billion in long-term debt and $1.1 billion in
FHLB advances.
Compared with the year-ago quarter, average wholesale funding increased 7%,
reflecting the Comerica acquisition.
8
…
…
…
As
of
… a…
… F…
… t…
T…
M…
E…
S… J… Ma… D… Se…
2… 2… 20… 2… 20…
…
…
…
… $… $… $9… $… $7…
…
…
…
… 9 10 11 11 12
…
… 81 24 28 19 21
…
…
…
…
… $… $… $9… $… $8…
…
…
…
…
… 0… % 0… % 0… % 0.… % 0… %
…
… 0… % 0… % 0… % 0.… % 0… %
…
…
…
…
…
… $… $… $6… $… $3…
…
…
…
…
…
…
…
…
… 42 33 49 30 29
…
…
…
…
…
…
…
…
…
a 0… % 0… % 0… % 0.… % 0… %
%
…
…
…
…
…
…
…
…
…
…
a 0… % 0… % 0… % 0.… % 0… %
%
…
…
…
…
…
…
…
…
… $… $… $2… $… $2…
…
…
…
…
…
… -… -… -1… -… -3…
…
…
…
…
… 1… 1… 152 1… 192
…
…
…
…
…
…
… — -1 180 — —
…
…
…
…
…
…
… — 1 481 — —
…
…
… $… $… $2… $… $2…
…
…
…
… $… $… $1… $… $1…
…
…
…
…
…
…
… -5 -2 75 6 5
…
…
…
…
…
…
… $… $… $2… $… $1…
…
…
…
…
… $… $… $3… $… $2…
…
…
…
…
…
…
a
%
… 1… % 1… % 1… % 1.… % 1… %
…
…
…
…
…
a
%
…
… 2… % 3… % 3… % 314 % 3… %
…
…
…
…
…
a
%
… 2… % 2… % 3… % 302 % 3… %
…
…
…
…
…
a
%
… 1… % 1… % 1… % 1.… % 1… %
…
…
…
…
…
… $… $… $(… $… $(…
…
…
…
… 53 46 43 52 43
…
…
…
…
… $… $… $(… $… $(…
…
…
…
…
… 0… % 0… % 0… % 0.… % 1… %
…
…
…
… 0… % 0… % 0… % 0.… % 1… %
…
…
… 0… % 0… % 0… % 0.… % 0… %
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
…
The provision for credit losses declined to $122 million from $129 million in
the prior quarter. The allowance for credit losses was $3.1 billion, or 1.74%,
of total portfolio loans and leases, compared with 1.76% in the prior quarter.
The modest decline in the ACL ratio reflected improvement in the commercial risk
profile. The ACL coverage ratio remained strong at 292% of nonperforming
portfolio loans and leases and 270% of nonperforming portfolio assets.
9
Net charge-offs totaled $139 million, or 0.31%, of average portfolio loans,
compared with $135 million, or 0.30%, in the prior quarter. The commercial NCO
ratio increased 1 bp sequentially to 0.22%, while the consumer NCO ratio
declined 1 bp to 0.52%.
Compared with the year-ago quarter, the total NCO ratio improved 78 bps, largely
because the prior year period included a $178 million asset-backed finance
charge-off. Excluding that credit, the year-ago NCO ratio was 0.52%.
Credit quality remained stable, with early- and late-stage delinquencies,
nonperforming portfolio loans and leases and nonperforming portfolio assets
broadly unchanged sequentially. OREO was $81 million at September 30, 2026 and
included $74 million of branch-related real estate no longer intended to be used
for banking purposes primarily driven by the Comerica acquisition.
Ca…
Po…
As
of
and
For
the
Thr…
Mon…
End…
Sep… June Mar… Dec… Sep…
2026 2026 2026 2025 2025
Ca…
Po…
Av…
to…
Ba…
sh…
eq… 11.… % 11… % 11… % 10… % 10… %
as
a%…
av…
as…
Ta… 9.13 % 9.… % 9.… % 9.… % 9.… %
eq…
Ta…
co…
eq… 8.39 % 8.… % 8.… % 8.… % 8.… %
(e…
AO…
Ta…
co…
eq… 6.88 % 7.… % 7.… % 7.… % 6.… %
(i…
AO…
Re…
Ca…
Ra…
CE… 10.… % 9.… % 9.… % 10… % 10… %
ca…
Ti…
1 10.… % 10… % 10… % 11… % 11… %
ri…
ca…
To…
ri… 12.… % 12… % 12… % 13… % 13… %
ca…
Le… 9.22 % 9.… % 10… % 9.… % 9.… %
Fifth Third's CET1 capital ratio increased to 10.02%, compared with 9.93% in the
prior quarter, as capital generated through earnings was partially offset by RWA
growth. Fifth Third did not repurchase common shares during the quarter or year-
to-date.
10
Tax Rate
The effective tax rate for the quarter was 21.8% compared with 22.7% in the
prior quarter and 22.6% 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 to
be the one 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 New York Stock Exchange 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.
Earnings Release End Notes
(a) Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on
page 27.
(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.
11
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 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 entirety. Any
qualifications, assumptions, conditions, limitations or other disclosures that
apply to a particular item of information are deemed to apply, with any
necessary adjustments to all references to that information throughout this
press release.
# # #
12
Quarterly Financial Review for September 30, 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 21-22
Summary of Loans and Leases 23
Regulatory Capital 24
Summary of Credit Loss Experience 25
Asset Quality 26
Non-GAAP Reconciliation 27-29
Segment Presentation 30
13
…
…
… %
… /
… …
…
…
…
…
… … …
…
… … … … …
… … … … … … …
… … … … … … …
… … … … … … …
… … … … … … …
…
… … … … — … … …
…
… … … … … … …
… … … … … … …
… … … … … … …
… … … … … … …
… … … … … … …
… … … … — … … …
… … … … — … … …
… … … … — … …
… … … … … … …
… … … … … … …
… … … … … … …
… … … … … … …
… … … — … … …
… … … … … … …
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… 93 6… % 64 7… % 82 6… %
…
…
…
… 1… 4… % 1… 4… % 1… 5… %
…
…
… 1… 2… % 1… 2… % 1… 2… %
…
… 6… 6… 4…
…
… 8… 9… 6…
…
… 2… 2… 1…
…
… 3… 3… 2…
…
…
… $… $… $…
…
…
…
…
… 3… % 3… % 3… %
…
…
…
…
… 2… % 2… % 2… %
…
…
…
…
… 7… % 7… % 7… %
…
…
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21
Fif…
Thi…
Ban…
and
Sub…
Ave…
Bal… Year
She… to
and Date
Yie…
Ana…
$ in Sept… Sept…
mil…
(un… 2026 2025
Aver… Avera… Aver… Aver…
Bala… Yield… Bala… Yiel…
Ass…
Int…
ass…
Loa…
and
lea…
Com…
and $81,… 5.89 % $53,9… 6.23 %
ind…
loa…
Com…
mor… 25,5… 5.88 % 12,282 6.12 %
loa…
Com…
con… 8,206 6.48 % 5,720 7.09 %
loa…
Com… 3,476 4.71 % 3,136 4.77 %
lea…
Tot…
com…
loa… 118,… 5.90 % 75,054 6.22 %
and
lea…
Res…
mor… 20,0… 4.20 % 18,139 3.99 %
loa…
Home 6,643 6.95 % 4,396 7.47 %
equ…
Ind…
sec… 18,1… 5.54 % 17,156 5.62 %
con…
loa…
Cre… 1,650 13.90 % 1,655 14.44 %
card
Sol…
ene… 4,380 7.98 % 4,282 8.30 %
ins…
loa…
Oth…
con… 2,722 8.69 % 2,465 9.24 %
loa…
Tot…
con… 53,6… 5.83 % 48,093 5.90 %
loa…
Tot…
loa… 172,… 5.88 % 123,1… 6.09 %
and
lea…
Sec…
Tax… 64,1… 3.55 % 54,441 3.26 %
sec…
Tax
exe… 1,376 3.25 % 1,362 3.18 %
sec…
Oth…
sho… 19,8… 3.65 % 14,050 4.54 %
inv…
Tot…
int… 257,… 5.11 % 193,0… 5.16 %
ass…
Cash
and
due 3,275 2,437
from
ban…
Oth… 30,4… 17,911
ass…
All…
for
loan -2,8… -2,383
and
lea…
los…
Tot… $288… $210,…
Ass…
Lia…
Int…
lia…
Int…
che… $70,… 2.20 % $57,1… 2.70 %
dep…
Sav… 18,0… 0.35 % 16,852 0.49 %
dep…
Mon…
mar… 61,2… 2.47 % 36,731 2.41 %
dep…
CDs
$25… 12,0… 3.01 % 10,574 3.54 %
or
less
Tot…
int… 162,… 2.16 % 121,2… 2.38 %
core
dep…
CDs
over 2,833 3.27 % 2,263 4.17 %
$25…
Tot…
int… 165,… 2.18 % 123,5… 2.41 %
dep…
Fed…
fun… 173 3.67 % 199 4.37 %
pur…
Sec…
sold
und… 387 1.51 % 339 1.27 %
rep…
agr…
FHLB 1,975 3.89 % 4,888 4.57 %
adv…
Der…
col…
and 80 6.97 % 85 6.06 %
oth…
sec…
bor…
Lon… 18,1… 4.90 % 14,393 5.35 %
debt
Tot…
int… 185,… 2.46 % 143,4… 2.78 %
lia…
Dem… 61,3… 40,641
dep…
Oth… 8,505 6,264
lia…
Tot… 255,… 190,3…
Lia…
Tot… 32,9… 20,633
Equ…
Tot…
Lia… $288… $210,…
and
Equ…
Rat…
Net
int… 3.34 % 3.10 %
mar…
(FT…
Net
int…
rate 2.65 % 2.38 %
spr…
(FT…
Int…
lia…
to 72.12 % 74.31 %
int…
ass…
(a)
Ave…
Yie…
of
the…
ass…
are
pre…
on
an
FTE
bas…
(b)
Non…
mea…
see
dis…
and
rec…
of
non…
mea…
beg…
on
page
27.
22
Fi…
Th…
Ba…
and
Su…
Su…
of
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and
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For
$ the
in Thr…
mi… Mon…
End…
(u… Sep… June Mar… Dec… Sept…
2026 2026 2026 2025 2025
Av…
Po…
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and
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lo…
and
le…
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and $85… $84… $73… $53… $54…
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and
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po… $17… $17… $15… $12… $12…
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and
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and
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for
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and
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for
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he… 597 736 566 698 623
for
sa…
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and
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he…
for
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End
of
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and $86… $85… $83… $52… $53…
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mo… 27,… 27,… 27,… 12,… 11,…
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and
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and
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End
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for
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for
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se…
for
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le… $27… $27… $26… $21… $21…
ow…
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se…
(a) Fifth Third sells certain loans and leases and obtains servicing
responsibilities.
23
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…
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…
…
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$ As
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…
… S… J… Ma… D… Se…
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a
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r…
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(a) Current period regulatory capital data and ratios are estimated.
24
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(a) Excludes net charge-offs of $100 million which were taken at the time of
acquisition.
25
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26
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
earnings per share," “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 that 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.
27
…
…
…
…
…
…
…
As
$ of
… a…
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… t…
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…
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28
Fif…
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Ban…
and
Sub…
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Rec…
For
$ in the
mil… Three
Mont…
Ended
(un… Sept… June Sep…
2026 2026 2025
Net
inc… $866 $801 $649
(r)
Net
inc… 3,4… 3,213 2,575
(an…
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Adj…
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char…
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matt…
Tech…
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impa…
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secu… 5 -30 -10
loss…
net
Secu…
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loss…
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expe…
FDIC
spec… — — -6
asse…
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comp…
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pre…
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expe…
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/
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/
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(a)
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29
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30