Fifth Third Bancorp · NASDAQ:FITB

Fifth Third Bancorp — Merger or Acquisition (October 2025)

18 slides from Fifth Third Bancorp's merger presentation, Oct 6, 2025

  1. Slide 1: A Partnership for Now and the Future

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Exhibit 99.2 A Partnership for Now and the Future Fifth Third Investor Presentation October 6, 2025 1

  2. Slide 2: Disclaimer

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Disclaimer FORWARD-LOOKING STATEMENTS This communication contains statements that constitute “forward-looking statements” within the meaning of, and subject to the protections

  3. Slide 3: Disclaimer (continued)

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Disclaimer (continued) ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT Fifth Third intends to file a registration statement on Form S-4 with the SEC to regist

  4. Slide 4: Combination positioned to drive growth

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Combination positioned to drive growth Creating the th 9 Largest U.S. Bank¹ Assets² Loans² Deposits² $288B $174B $224B Now: A compelling strategic transaction Within 2 years: A

  5. Slide 5: Leveraging franchise strengths for value creation

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Leveraging franchise strengths for value creation Now: A compelling Within 2 years: An even more Long term: strategic transaction stable and profitable company A platform for g

  6. Slide 6: Key transaction terms

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Key transaction terms • 100% common stock No TBV • Fixed exchange ratio of 1.8663 shares of Fifth Third for each Comerica share Structure and • Purchase price of $82.88 based o

  7. Slide 7: Stability: Deliberately engineered for through-the-cycle outperformance

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Stability: Deliberately engineered for through-the-cycle outperformance 1 1 1 Loans Deposits Fees Consumer Savings & Time Transactional Time Home Mortgage banking Commercial de

  8. Slide 8: Profitability: From strong to stronger

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Profitability: From strong to stronger 1 1 1 Efficiency ratio Return on average assets ROTCE Adjusted basis Adjusted basis Adjusted basis 200 bps improvement 11 bps improvement

  9. Slide 9: Profitability: Fortress position in the Midwest

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Profitability: Fortress position in the Midwest Midwest Top 5 position Michigan The #1 retail deposit franchise in Michigan³ in our Midwest Branch overlap⁴ states and every Com

  10. Slide 10: Growth: Path to top in the best markets in the U.S.

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Growth: Path to top 5 in the best markets in the U.S. Southeast Texas California Loans Deposits Loans Deposits Loans Deposits • Texas $19.2B $31.6B $21.1B $9.2B $27.4B $17.0B •

  11. Slide 11: Growth: A middle market banking powerhouse

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Growth: A middle market banking powerhouse Comerica Fifth Third Middle Market Salesforce Middle Market Loans ($B) Middle Market Deposits ($B) $47 $55 487 +188% +280% +293% 259

  12. Slide 12: Growth: Two $1B+ high-growth recurring revenue engines

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Growth: Two $1B+ high-growth recurring revenue engines Commercial Payments Wealth and Asset Management Comerica Fifth Third $1B $1B Direct Express Comerica $0.4B $0.4B Fifth Th

  13. Slide 13: Proven expertise to deliver this compelling strategic opportunity

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Proven expertise to deliver this compelling strategic opportunity Proven integrator – MB Financial Proven organic growth platform 1 1 Chicago retail deposit market share Year 3

  14. Slide 14: Consistent with our core principles

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Consistent with our core principles Stability #2 Profitability Growth #1 #3 ✓ Resilient balance sheet✓ NII growth and NIM ✓ Southeast demographics expansion ✓ Strong credit pro

  15. Slide 15: Appendix

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Appendix Future Presenters Meeting Name Month Day, Year 15

  16. Slide 16: Transaction assumptions

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Transaction assumptions • Transaction close on March 31, 2026 General • Fixed exchange ratio of 1.8663x; 100% stock transaction • Fifth Third forecast aligned with consensus es

  17. Slide 17: Purchase accounting summary

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Purchase accounting summary Calculation of goodwill & intangibles $MM Tangible book value per share accretion $MM Shares $ per Share Fifth Third Tangible Common Equity at close

  18. Slide 18: Pro forma earnings per share reconciliation

    ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Pro forma earnings per share reconciliation ($MM, except per share) 2027E Fifth Third earnings per share (consensus) $4.50 Fifth Third net income (consensus) $2,850 Comerica ne

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