Fifth Third Bancorp

Fifth Third Q3 2026: Comerica merger closes, NIM expands 21bps YoY, NCOs fall 72% as integration reshapes balance sheet

The February 2026 all-stock acquisition of Comerica for approximately $12.7 billion is the defining event of this filing period, adding $73.0 billion of interest-earning assets and driving net interest income on an FTE basis up $751 million year-over-year in Q3 2026 to $2.276 billion. Net interest margin expanded to 3.34% from 3.13% a year ago, buoyed by Comerica's deposit mix and fixed-rate asset repricing, while net charge-offs collapsed to 31 bps of average portfolio loans from 109 bps — primarily because the prior year included a one-time $178 million fraud-related commercial loan impairment. Merger-driven noninterest expense of $1.043 billion year-to-date and the Category III regulatory transition are the principal near-term headwinds management must navigate.

Fifth Third Bancorp is a Cincinnati-based diversified financial services company and bank holding company operating through its subsidiary Fifth Third Bank, National Association. The company provides commercial banking, consumer and small business banking, and wealth and asset management services across 12 states. As of December 31, 2025, it held $214 billion in assets and operated 1,130 full-service banking centers.

Primary products

• checking accounts
• savings accounts
• money market accounts
• wealth management solutions
• payments and commerce solutions
• securities products and services

“The increasingly competitive environment is primarily a result of changes in regulation, changes in technology, product delivery systems and the accelerating pace of consolidation among financial service providers.” Competitive position, as stated in the filing