Slide 1: 1Q26 Earnings Presentation
1Q26 Earnings Presentation April 17, 2026 Refer to earnings release dated April 17, 2026 for further information.
Slide 2: Cautionary statement
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 3
Slide 3: Key Messages
Key Messages Organic growth remains broad-based and relationship-led, driven by continued momentum in new client and household acquisition Expense discipline remains intact as we continue to make targeted investments to support long-term growth Comerica integration is progressing as planned with exe
Slide 4: 1Q26 highlights
1Q26 highlights Reported1 Adjusted1 • Tangible book value per share2 increased 15%, reflecting strong earnings and acquisition accretion EPS $0.15 $0.83 • Net interest margin2 expanded 17 basis points sequentially ROA 0.25% 1.12% reflecting contributions from the Comerica acquisition and disciplined
Slide 5: Net interest income
Net interest income1 $1.94 4Q25 to 1Q26 NII & NIM walk NII $ in millions; NIM change in bps NII NIM $1.53 Total net interest income; $ billions $1.50 $1.53 $1.44 4Q25 $1,533 3.13% Securities marks and repositioning 39 7 3.30% Cash flow hedge termination 35 6 Loan purchase accounting accretion 12 2 3
Slide 6: Noninterest income
Noninterest income $ millions 1Q26 PQ YoY • Noninterest income excluding certain items1 of $921 million increased $109 million, or 13%, compared to the prior Wealth and asset management revenue $233 26% 35% quarter and increased $200 million, or 28%, from the year- ago quarter Commercial payments re
Slide 7: Noninterest expense
Noninterest expense • Adjusted noninterest expense1 increased 39% compared to $ millions 1Q26 PQ YoY the prior quarter and increased 35% from the year-ago Compensation and benefits $1,410 106% 88% quarter Technology and communications 204 48% 66% • Expenses in the quarter were impacted by ongoing co
Slide 8: Loans
Loans Average loan & lease balances Loan portfolio composition $ in billions; loan & lease balances excluding HFS Average loans $157.6 Credit card and $121.3 $123.1 $123.3 $123.4 Solar energy other $51.8 installation $46.6 $47.7 $48.4 $48.8 Home equity 3% 3% 6.06% 6.11% 6.12% 5.96% 5.88% 4% $74.7 $7
Slide 9: Deposits
Deposits Average deposit balances Total deposit mix $ in billions $ in billions Time deposits, 7% $209.4 $164.2 $163.6 $164.8 $168.4 $206.5 Demand, 27% $161.8 $161.4 $162.5 $166.4 Money market $209B 2.42% 2.39% 2.41% and savings, 34% Average 2.28% 2.15% Deposits 1Q25 2Q25 3Q25 4Q25 1Q26 Interest che
Slide 10: Credit quality overview
Credit quality overview 1Q25 2Q25 3Q25 4Q25 1Q26 NPL ratio 0.79% 0.70% 0.62% 0.62% 0.54% NPA ratio1 0.81% 0.72% 0.65% 0.65% 0.57% 30-89 days past due as a % of portfolio loans and leases 0.31% 0.23% 0.28% 0.29% 0.39% NCO ratio2 0.46% 0.45% 1.09% 0.40% 0.37% ACL ratio as a % of portfolio loans and le
Slide 11: Historical net charge-off and NPA ratios
Historical net charge-off and NPA ratios Net charge-off ratio Non-performing assets ratio2 10-year average excluding COVID1 10-year average excluding COVID1 1.50% 1.50% 1.00% 1.00% 1Q26 0.57% 1Q26 0.50% 0.37% 0.50% 0.00% 0.00% 1Q17 1Q18 1Q19 1Q20 1Q21 1Q22 1Q23 1Q24 1Q25 1Q26 1Q17 1Q18 1Q19 1Q20 1Q2
Slide 12: Strong liquidity and capital position
Strong liquidity and capital position Liquidity position Capital position $ in billions Common equity tier 1 ratio1 Liquidity Sources 12/31/25 3/31/26 10.8% 5 bps (7 bps) Fed reserves $18 $16 5 bps 10.0% (73 bps) Unpledged investment securities $20 $31 (15 bps) Available FHLB borrowing capacity $13
Slide 13: Current expectations
Current expectations Full year 2026 Full year 2026 Avg. loans & leases mid-$170s billion (Including HFS) Net interest income1 $8.7 - $8.8 billion assumes 12/31/26 Fed funds rate of 3.75% and (FY25 baseline: $6.0 billion) includes the impact of purchase accounting accretion Noninterest income1 $4.0 -
Slide 14: Current expectations
Current expectations 2Q26 2Q26 Avg. loans & leases $178 - $179 billion (Including HFS) Net interest income1 $2.20 - $2.25 billion assumes 6/30/26 Fed funds rate of 3.75% and (1Q26 baseline: $1.94 billion) includes the impact of purchase accounting accretion Noninterest income1 $1.00 - $1.06 billion
Slide 15: Appendix
Appendix 15 © Fifth Third Bancorp | All Rights Reserved
Slide 16: Consumer and Business Banking Digital Metrics
Consumer and Business Banking Digital Metrics Digital Engagement Digital Originations 1 Average Active Digital Users Digital Assisted Mortgage Applications (Millions) Consumer Satisfaction 98% 97% 98% 98% 97% 3.25 3.19 3.19 #1 for banking 3.17 3.14 mobile app user satisfaction among 1Q25 2Q25 3Q25 4
Slide 17: Strategic investments resulting in fee diversification and growth
Strategic investments resulting in fee diversification and growth Fee revenue mix is well-diversified Fee contribution as a percent of revenue LTM 1Q26 pro-forma noninterest income mix 1,2 stands out favorably relative to peers LTM 1Q26 pro-forma noninterest income as a percent of pro-forma revenue2
Slide 18: Total commercial portfolio overview
Total commercial portfolio overview Portfolio loans and leases Key statistics $ in billions 1Q25 4Q25 1Q26 $122.9 $105.9 NCO ratio1 0.35% 0.27% 0.26% $74.7 $75.1 $75.4 $74.2 $74.9 $74.4 $74.6 $73.6 30-89 delinquencies 0.21% 0.15% 0.37% 90+ delinquencies 0.01% 0.00% 0.02% Nonperforming loans2 0.83% 0
Slide 19: Commercial and industrial overview
Commercial and industrial overview Portfolio loans Key statistics $ in billions 1Q25 4Q25 1Q26 $83.9 NCO ratio1 0.39% 0.32% 0.38% $73.3 30-89 delinquencies 0.23% 0.19% 0.38% $53.4 $53.7 $54.1 $53.3 $54.2 $53.9 $53.9 $52.7 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.00% 0.75% 0.50% 1Q2
Slide 20: Relationship focused main street lender with lower NDFI exposure
Relationship focused main street lender with lower NDFI exposure Non-depository financial institution portfolio NDFI portfolio characteristics $ in billions; as of 3/31/26 Real Estate Institutional CRE, Residential Mortgage • 2nd lowest exposure to NDFIs among peers2 Warehouse, Mortgage Servicing Ri
Slide 21: High quality Shared National Credit portfolio
High quality Shared National Credit portfolio Shared National Credit portfolio is well diversified Key statistics $ in billions; as of 3/31/26 1Q25 4Q25 1Q26 Loan balance $32.7 $31.9 $45.5 Industry mix Nonperforming loans2 0.86% 0.64% 0.35% Retail Other 17% 20% NCO Ratio1 0.27% 0.09% 0.35% Financial
Slide 22: Low concentration in leveraged lending
Low concentration in leveraged lending Total Loan Portfolio Composition Diversified Leveraged Portfolio as of 3/31/26 as of 3/31/26 Professional, Scientific, Admin, Support & and Technical Services Other Services Retail Trade Information Healthcare & Other Social Assistance Total Loans $177.6 Billio
Slide 23: Commercial real estate overview
Commercial real estate overview Portfolio loans Key statistics $ in billions $35.5 1Q25 4Q25 1Q26 $27.1 $29.2 NCO ratio1 0.23% 0.14% 0.00% $22.0 30-89 delinquencies 0.03% 0.01% 0.36% $18.2 $18.3 $18.2 $17.7 $17.6 $17.5 $17.5 $17.3 $12.4 $12.4 $12.4 $12.1 $12.0 $12.1 $12.2 90+ delinquencies 0.03% 0.0
Slide 24: Total consumer portfolio overview
Total consumer portfolio overview Portfolio loans Key statistics $ in billions $51.8 $53.4 1Q25 4Q25 1Q26 $47.7 $48.2 $48.4 $48.7 $48.8 $49.1 $46.6 $47.1 NCO ratio1 0.63% 0.59% 0.58% 30-89 delinquencies 0.48% 0.51% 0.44% 90+ delinquencies 0.05% 0.06% 0.04% Nonperforming loans2 0.73% 0.69% 0.72% Weig
Slide 25: Residential mortgage overview
Residential mortgage overview Portfolio loans Key statistics $ in billions 1Q25 4Q25 1Q26 $18.8 $19.5 NCO ratio1 0.00% (0.01%) (0.01%) $17.6 $17.6 $17.6 $17.7 $17.7 $17.6 $17.7 $17.7 30-89 delinquencies 0.15% 0.19% 0.16% 90+ delinquencies 0.05% 0.06% 0.04% Nonperforming Loans2 0.82% 0.84% 0.84% Weig
Slide 26: Home equity overview
Home equity overview Portfolio loans Key statistics $ in billions 1Q25 4Q25 1Q26 $6.7 $6.1 NCO ratio1 0.04% 0.06% 0.01% $4.6 $4.7 $4.8 $4.8 30-89 delinquencies 0.63% 0.52% 0.49% $4.2 $4.3 $4.4 $4.5 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.62% 1.47% 1.54% Weighted average FICO at 76
Slide 27: Indirect secured consumer overview
Indirect secured consumer overview Portfolio loans Key statistics $ in billions $17.7 $17.9 $17.9 $18.0 $18.1 $18.3 $17.2 $17.6 $16.5 $16.8 1Q25 4Q25 1Q26 NCO ratio1 0.53% 0.59% 0.54% 30-89 delinquencies 0.68% 0.72% 0.61% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 0.36% 0.34% 0.32% Wei
Slide 28: Credit card overview
Credit card overview Portfolio loans Key statistics $ in billions $1.7 $1.7 1Q25 4Q25 1Q26 $1.7 $1.7 $1.7 $1.7 $1.7 $1.7 $1.7 $1.6 NCO ratio1 4.19% 3.62% 3.51% 30-89 delinquencies 1.02% 1.03% 0.97% 90+ delinquencies 1.02% 0.97% 1.03% Nonperforming loans2 1.87% 1.66% 1.81% Weighted average FICO at 74
Slide 29: Solar energy installation overview
Solar energy installation overview Portfolio loans Key statistics $ in billions 1Q25 4Q25 1Q26 $4.5 $4.6 $4.5 $4.5 $4.2 $4.3 $4.3 $4.3 $4.4 $4.4 NCO ratio1 1.73% 1.45% 2.03% 30-89 delinquencies 0.52% 0.57% 0.56% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 0.70% 0.48% 0.58% Weighted aver
Slide 30: Allowance for credit losses
Allowance for credit losses Allocation of allowance by product 1Q26 Change in rate $ in millions Compared to: % of portfolio Allowance for loan & lease losses Amount 4Q25 1Q25 loans & leases Commercial and industrial loans $1,155 1.38% (0.17%) (0.19%) Commercial mortgage loans 519 1.91% (0.31)% (0.7
Slide 31: NPL rollforward
NPL1 rollforward 1Q25 2Q25 3Q25 4Q25 1Q26 Balance, beginning of period $456 $623 $508 $435 $427 Transfers to nonaccrual status 273 63 266 138 173 Acquired nonaccrual loans — — — — 170 Transfers to accrual status (3) (1) — (1) (1) Commercial Transfers to held for sale (17) (24) (1) (44) (84) $ in mil
Slide 32: Balance sheet positioning
Balance sheet positioning Commercial loans1,2 Consumer loans1 Investment portfolio Long-term debt3 $28.7BN fixed | $94.2BN variable1,2 $44.0BN fixed | $9.4BN variable1 $12.2BN fixed | $6.5BN variable3 • 52% allocation to bullet/locked- • 1M based: 1%5,7 out cash flow securities • SOFR based: 35% • 1
Slide 33: Managing rate risk against conservative outcomes
Managing rate risk against conservative outcomes Estimated NII sensitivity profile and ALCO policy limits % Change NII (FTE) ALCO policy limit Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months 0.6% 2.8% (9.0%) (15.0%) Rate risk models assume
Slide 34: Investment portfolio composition
Investment portfolio composition Securities portfolio Investment portfolio characteristics AFS and HTM portfolio; amortized cost basis; as of 3/31/26 Amortized cost basis; as of 3/31/26 Held-to-maturity portfolio • $16.4BN portfolio HTM • Reclassification during 1Q24 aimed to de-risk potential AOCI
Slide 35: Securities portfolio AOCI accretion
Securities portfolio AOCI accretion AOCI accretion1 assuming implied forward curve2 $ in billions; 3/31/26 AFS and HTM portfolio unrealized loss, after-tax Historical AOCI accretion Projected AOCI accretion ($0.7) ($1.1) ($1.4) ($1.7) ~75% ($2.1) capital accretion ($2.5) ($2.8) ($2.9) ~40% ($3.0) ($
Slide 36: Balance sheet positioned to grow tangible book value per share
Balance sheet positioned to grow tangible book value per share TBV/share1 will improve due to AOCI accretion alone Projected TBV/share growth includes no earnings contribution from 2026-20282 Projected growth from AOCI burndown alone1 Actuals Forecast $23.76 +2% $24.17 +1% $22.88 $23.30 +2% $22.60 +
Slide 37: Cash flow hedges
Cash flow hedges Receive-fixed swaps1 EOP notional value of cash flow hedges ($ in billions) Existing receive-fixed swaps2 $11 $9 $8 $8 $5 1Q26 1Q31 2Q31 3Q31 4Q31 Actual Weighted average receive 3.26% 3 3.29% 3.31% 3.32% 3.44% fixed rate 37 For end note descriptions, see end note summary starting o
Slide 38: Mortgage banking results
Mortgage banking results Mortgage banking net revenue Mortgage originations and margins $ in millions $ in billions $56 $58 $56 $57 $44 Origination fees and $2.2 $2.0 $1.9 $1.9 gains on loan $5 $3 $3 $3 $0.6 sale $73 $73 $70 $1.4 $0.7 $0.6 $0.5 Gross $74 $73 Originations HFI servicing $0.5 $1.3 $1.4
Slide 39: Preferred dividend schedule
Preferred dividend schedule Upcoming preferred dividend schedule1 2Q26 3Q26 4Q26 1Q27 $ in millions Series H ~$11 ~$11 ~$11 ~$10 Floating2 Series I ~$9 ~$9 ~$9 ~$9 Floating2 Series J ~$5 ~$5 ~$5 ~$5 Floating2 Series K ~$3 ~$3 ~$3 ~$3 Series M3 ~$7 ~$7 ~$7 ~$7 Class B Series A ~$3 ~$3 ~$3 ~$3 Total ~
Slide 40: 1Q26 adjustments and notable items
1Q26 adjustments and notable items Adjusted EPS of $0.831 1Q26 reported EPS of $0.15 included a net negative $0.68 impact from the following notable item(s): • $657 million pre-tax (~$510 million after-tax2,3) charge related to merger-related charges • $83 million pre-tax (~$63 million after-tax2) c
Slide 41: Non-GAAP reconciliation
Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries For the three months ended $ and shares in millions (unaudited) March December September June March 2026 2025 2025 2025 2025 Net income (U.S. GAAP) (a) $165 $731 $649 $628 $515 Net income (U.S. GAAP) (annualized) (b) $669 $2,900 $2,575 $2,
Slide 42: Non-GAAP reconciliation
Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries For three months ended $ and shares in millions (unaudited) March December September June March 2026 2025 2025 2025 2025 Average interest-earning assets (a) $237,961 $194,144 $193,500 $192,682 $192,808 Net interest income (U.S. GAAP) (b) $
Slide 43: Earnings presentation end notes
Earnings presentation end notes Slide 4 end notes 1. Reported Tangible Book Value Per Share, ROTCE, NIM, pre-provision net revenue, and efficiency ratio are non-GAAP measures: all adjusted figures are non-GAAP measures; see reconciliation on pages 41 and 42 of this presentation and the use of non-GA
Slide 44: Earnings presentation end notes
Earnings presentation end notes Slide 19 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 3. Total commercial portfolio line utilization. Sl
Slide 45: Earnings presentation end notes
Earnings presentation end notes Slide 31 end notes 1. Loan balances exclude nonaccrual loans HFS. Slide 32 end notes Note: Data as of 3/31/2026. 1. Excludes HFS Loans & Leases. 2. Fifth Third had $10.9BN of commercial variable loans classified as fixed given the impacts of $6.9BN in C&I receive-fix