Fifth Third Bancorp Reports Second Quarter 2026 Earnings

About this update from Fifth Third Bancorp

[{"type":"text","content":" \nFifth Third Bancorp (NYSE: FITB):\n\n \n \n\n \nKey Financial Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nKey Highlights \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n$ in millions for all balance sheet and income statement items \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2Q26 \n \n\n \n1Q26 \n \n\n \n2Q25 \n \n\n \nStability: \n\nStrong credit performance. Net charge-offs (b) of 30 bps in 2Q26, the lowest level since 2Q23\n\n \n\nInterest-bearing deposit costs decreased 2 bps sequentially to 2.13%\n\n \n\nTangible common equity (a) increased 43 bps year-over-year\n\n \nProfitability: \n\nNet interest margin (a) expanded 6 bps sequentially\n\n \n\nAdjusted ROTCE (a) improved 100 bps and adjusted ROA (a) improved 9 bps year-over- year\n\n \n\nDisciplined expense management; adjusted efficiency ratio (a) of 57.1% improved 480 bps sequentially\n\n \nGrowth: \n\nDelivered $2.5 billion of consumer deposits from the Comerica Southwest marketing campaign\n\n \n\nNewline deposits up $2.1 billion and fee revenues up 35% year-over-year\n\n \n\nLegacy Fifth Third consumer household growth of 3%, including 7% in the Southeast\n\n \n \n\n \n\n\n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nIncome Statement Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet income available to common shareholders\n\n \n$763\n\n \n \n\n \n \n\n \n$128\n\n \n \n\n \n \n\n \n$591\n\n \n \n\n \n \n\n \n \n\n \nNet interest income (U.S. GAAP)\n\n \n2,215\n\n \n \n\n \n \n\n \n1,934\n\n \n \n\n \n \n\n \n1,495\n\n \n \n\n \n \n\n \n \n\n \nNet interest income (FTE) (a) \n2,220\n\n \n \n\n \n \n\n \n1,939\n\n \n \n\n \n \n\n \n1,500\n\n \n \n\n \n \n\n \n \n\n \nNoninterest income\n\n \n1,059\n\n \n \n\n \n \n\n \n895\n\n \n \n\n \n \n\n \n750\n\n \n \n\n \n \n\n \n \n\n \nNoninterest expense\n\n \n2,109\n\n \n \n\n \n \n\n \n2,395\n\n \n \n\n \n \n\n \n1,264\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nPer Share Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nEarnings per share, basic\n\n \n$0.84\n\n \n \n\n \n \n\n \n$0.16\n\n \n \n\n \n \n\n \n$0.88\n\n \n \n\n \n \n\n \n \n\n \nEarnings per share, diluted\n\n \n0.83\n\n \n \n\n \n \n\n \n0.15\n\n \n \n\n \n \n\n \n0.88\n\n \n \n\n \n \n\n \n \n\n \nBook value per share\n\n \n35.56\n\n \n \n\n \n \n\n \n35.24\n\n \n \n\n \n \n\n \n28.47\n\n \n \n\n \n \n\n \n \n\n \nTangible book value per share (a) \n23.15\n\n \n \n\n \n \n\n \n22.88\n\n \n \n\n \n \n\n \n20.98\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nBalance Sheet & Credit Quality \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAverage portfolio loans and leases\n\n \n$177,572\n\n \n \n\n \n \n\n \n$157,632\n\n \n \n\n \n \n\n \n$123,071\n\n \n \n\n \n \n\n \n \n\n \nAverage deposits\n\n \n231,506\n\n \n \n\n \n \n\n \n209,352\n\n \n \n\n \n \n\n \n163,575\n\n \n \n\n \n \n\n \n \n\n \nAccumulated other comprehensive loss\n\n \n(3,345\n\n \n)\n\n \n \n\n \n(3,234\n\n \n)\n\n \n \n\n \n(3,546\n\n \n)\n\n \n \n\n \n \n\n \nNet charge-off ratio (b) \n0.30\n\n \n \n\n \n%\n\n \n0.37\n\n \n \n\n \n%\n\n \n0.45\n\n \n \n\n \n%\n\n \n \n\n \nNonperforming asset ratio (c) \n0.60\n\n \n \n\n \n \n\n \n0.57\n\n \n \n\n \n \n\n \n0.72\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nFinancial Ratios \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nReturn on average assets\n\n \n1.08\n\n \n \n\n \n%\n\n \n0.25\n\n \n \n\n \n%\n\n \n1.20\n\n \n \n\n \n%\n\n \n \n\n \nReturn on average common equity\n\n \n9.5\n\n \n \n\n \n \n\n \n1.8\n\n \n \n\n \n \n\n \n12.8\n\n \n \n\n \n \n\n \n \n\n \nReturn on average tangible common equity (a) \n15.6\n\n \n \n\n \n \n\n \n3.5\n\n \n \n\n \n \n\n \n17.6\n\n \n \n\n \n \n\n \n \n\n \nCET1 capital (d) \n9.93\n\n \n \n\n \n \n\n \n9.89\n\n \n \n\n \n \n\n \n10.58\n\n \n \n\n \n \n\n \n \n\n \nNet interest margin (a) \n3.36\n\n \n \n\n \n \n\n \n3.30\n\n \n \n\n \n \n\n \n3.12\n\n \n \n\n \n \n\n \n \n\n \nEfficiency (a) \n64.3\n\n \n \n\n \n \n\n \n84.5\n\n \n \n\n \n \n\n \n56.2\n\n \n \n\n \n \n\n \n \n\n \nOther than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis. \n \n\n \n \n\n \nFrom Tim Spence, Fifth Third Chairman, CEO and President: \nFifth Third's second quarter was another step toward the earnings power we committed to deliver by year-end. Our core business continues to grow, with momentum across our fee businesses, led by wealth and asset management, commercial payments, and capital markets. The results were higher returns and tangible book value per share growth. Our balance sheet is well-positioned, supporting net interest margin expansion and improved credit performance. \nThe Comerica integration remains on track. Systems conversion is scheduled for Labor Day weekend and is the final step to unlocking the full run-rate of our expected cost synergies. Revenue synergies are emerging across our expanded footprint. Our deposit campaigns in the Comerica Southwest markets delivered results above our internal targets, and end-of-period commercial loan growth was broad-based across legacy geographies and specialty verticals. \nOur capital generation supports both reinvestment in the business and consistent returns to shareholders. Investments in deposits, payments, technology, and high-growth markets are increasingly visible in our results. We are building a Fifth Third that is not just larger, but is better and more resilient. We will continue to be guided by our operating priorities of stability, profitability, and growth – in that order. \n \n\n \nIncome Statement Highlights \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions, except per share data) \nFor the Three Months Ended\n\n \n \n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \nSeq\n\n \n \n\n \nYr/Yr\n\n \n \n\n \n \n\n \nCondensed Statements of Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet interest income (NII) (a) \n$2,220\n\n \n \n\n \n$1,939\n\n \n \n\n \n$1,500\n\n \n \n\n \n14%\n\n \n \n\n \n48%\n\n \n \n\n \n \n\n \nProvision for credit losses\n\n \n129\n\n \n \n\n \n227\n\n \n \n\n \n173\n\n \n \n\n \n(43)%\n\n \n \n\n \n(25)%\n\n \n \n\n \n \n\n \nNoninterest income\n\n \n1,059\n\n \n \n\n \n895\n\n \n \n\n \n750\n\n \n \n\n \n18%\n\n \n \n\n \n41%\n\n \n \n\n \n \n\n \nNoninterest expense\n\n \n2,109\n\n \n \n\n \n2,395\n\n \n \n\n \n1,264\n\n \n \n\n \n(12)%\n\n \n \n\n \n67%\n\n \n \n\n \n \n\n \nIncome before income taxes (a) \n$1,041\n\n \n \n\n \n$212\n\n \n \n\n \n$813\n\n \n \n\n \n391%\n\n \n \n\n \n28%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTaxable equivalent adjustment\n\n \n$5\n\n \n \n\n \n$5\n\n \n \n\n \n$5\n\n \n \n\n \n—\n\n \n \n\n \n—\n\n \n \n\n \n \n\n \nApplicable income tax expense\n\n \n235\n\n \n \n\n \n42\n\n \n \n\n \n180\n\n \n \n\n \n460%\n\n \n \n\n \n31%\n\n \n \n\n \n \n\n \nNet income\n\n \n$801\n\n \n \n\n \n$165\n\n \n \n\n \n$628\n\n \n \n\n \n385%\n\n \n \n\n \n28%\n\n \n \n\n \n \n\n \nDividends on preferred stock\n\n \n38\n\n \n \n\n \n37\n\n \n \n\n \n37\n\n \n \n\n \n3%\n\n \n \n\n \n3%\n\n \n \n\n \n \n\n \nNet income available to common shareholders\n\n \n$763\n\n \n \n\n \n$128\n\n \n \n\n \n$591\n\n \n \n\n \n496%\n\n \n \n\n \n29%\n\n \n \n\n \n \n\n \nEarnings per share, diluted\n\n \n$0.83\n\n \n \n\n \n$0.15\n\n \n \n\n \n$0.88\n\n \n \n\n \n453%\n\n \n \n\n \n(6)%\n\n \n \n\n \nFifth Third Bancorp (NYSE: FITB) today reported second quarter 2026 net income available to common shareholders of $763 million, or $0.83 per diluted share, compared to $128 million, or $0.15 per diluted share, in the prior quarter and $591 million, or $0.88 per diluted share, in the year-ago quarter.\n\n \nThe second quarter of 2026 marked an important milestone for Fifth Third, surpassing $300 billion in total assets and formally becoming a Category III institution. Fifth Third has been preparing for a Category III transition over multiple years through sustained investments in risk, capital, liquidity, and regulatory reporting and is well-positioned to meet all Category III requirements on or before required dates.\n\n \n \n\n \nDiluted earnings per share impact of certain item(s) - 2Q26 \n \n\n \n \n\n \n(after-tax impact; $ in millions, except per share data) \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nMerger-related charges (e) 1,2 \n$(155)\n\n \n \n\n \n \n\n \nSecurities repositioning losses (e) \n(8)\n\n \n \n\n \n \n\n \nTechnology-related asset impairments (e) \n(5)\n\n \n \n\n \n \n\n \nSeverance expense (e) \n(5)\n\n \n \n\n \n \n\n \nInterchange litigation matters (e)3 \n(2)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAfter-tax impact of certain item(s)\n\n \n$(175)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nDiluted earnings per share impact of certain item(s) 4 \n$(0.19)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTotals may not foot due to rounding; 1 A portion of the adjustments related to merger-related expenses are not tax-deductible; 2 Pre-tax merger-related charges increased noninterest expense by $203 million; 3 Interchange litigation matters increased noninterest expense by $1 million and decreased noninterest income by $1 million; 4 Diluted earnings per share impact reflects 915.959 million average diluted shares outstanding \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet Interest Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n(FTE; $ in millions) (a) \nFor the Three Months Ended\n\n \n \n\n \n \n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \nSeq\n\n \n \n\n \nYr/Yr\n\n \n \n\n \n \n\n \nInterest Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterest income\n\n \n$3,377\n\n \n \n\n \n \n\n \n$2,977\n\n \n \n\n \n \n\n \n$2,489\n\n \n \n\n \n \n\n \n13\n\n \n%\n\n \n \n\n \n36\n\n \n%\n\n \n \n\n \n \n\n \nInterest expense\n\n \n1,157\n\n \n \n\n \n \n\n \n1,038\n\n \n \n\n \n \n\n \n989\n\n \n \n\n \n \n\n \n11\n\n \n%\n\n \n \n\n \n17\n\n \n%\n\n \n \n\n \n \n\n \nNet interest income (NII)\n\n \n$2,220\n\n \n \n\n \n \n\n \n$1,939\n\n \n \n\n \n \n\n \n$1,500\n\n \n \n\n \n \n\n \n14\n\n \n%\n\n \n \n\n \n48\n\n \n%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAverage Yield/Rate Analysis \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nbps Change\n\n \n \n\n \n \n\n \nYield on interest-earning assets\n\n \n5.11%\n\n \n \n\n \n \n\n \n5.07%\n\n \n \n\n \n \n\n \n5.18%\n\n \n \n\n \n \n\n \n4\n\n \n \n\n \n \n\n \n(7\n\n \n)\n\n \n \n\n \n \n\n \nRate paid on interest-bearing liabilities\n\n \n2.44%\n\n \n \n\n \n \n\n \n2.44%\n\n \n \n\n \n \n\n \n2.78%\n\n \n \n\n \n \n\n \n—\n\n \n \n\n \n \n\n \n(34\n\n \n)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nRatios \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet interest rate spread\n\n \n2.67%\n\n \n \n\n \n \n\n \n2.63%\n\n \n \n\n \n \n\n \n2.40%\n\n \n \n\n \n \n\n \n4\n\n \n \n\n \n \n\n \n27\n\n \n \n\n \n \n\n \n \n\n \nNet interest margin (NIM)\n\n \n3.36%\n\n \n \n\n \n \n\n \n3.30%\n\n \n \n\n \n \n\n \n3.12%\n\n \n \n\n \n \n\n \n6\n\n \n \n\n \n \n\n \n24\n\n \n \n\n \n \n\n \nNet interest income (FTE) of $2.220 billion increased 14% sequentially and 48% year-over-year. Both increases primarily reflect the addition of Comerica for a full-quarter. Organic loan production, continued fixed-rate asset repricing, and disciplined liability management also contributed to this growth. Net interest margin expanded 6 bps sequentially to 3.36% due to merger impacts, higher earning asset yields, and improved deposit pricing. Consumer deposits grew $4.6 billion as we continue to re-mix toward a more granular deposit base, which contributed to the 2 bps decrease in interest-bearing deposit costs.\n\n \n \n\n \nNoninterest Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions) \nFor the Three Months Ended\n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \nMarch\n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \nSeq\n\n \nYr/Yr\n\n \n \n\n \n \n\n \nNoninterest Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nWealth and asset management revenue\n\n \n$256\n\n \n$233\n\n \n$166\n\n \n10%\n\n \n54%\n\n \n \n\n \n \n\n \nCommercial payments revenue\n\n \n254\n\n \n218\n\n \n152\n\n \n17%\n\n \n67%\n\n \n \n\n \n \n\n \nConsumer banking revenue\n\n \n161\n\n \n146\n\n \n147\n\n \n10%\n\n \n10%\n\n \n \n\n \n \n\n \nCapital markets fees\n\n \n154\n\n \n134\n\n \n90\n\n \n15%\n\n \n71%\n\n \n \n\n \n \n\n \nCommercial banking revenue\n\n \n125\n\n \n105\n\n \n79\n\n \n19%\n\n \n58%\n\n \n \n\n \n \n\n \nMortgage banking net revenue\n\n \n39\n\n \n44\n\n \n56\n\n \n(11)%\n\n \n(30)%\n\n \n \n\n \n \n\n \nOther noninterest income\n\n \n50\n\n \n27\n\n \n44\n\n \n85%\n\n \n14%\n\n \n \n\n \n \n\n \nSecurities gains/(losses), net\n\n \n20\n\n \n(12)\n\n \n16\n\n \nNM\n\n \n25%\n\n \n \n\n \n \n\n \nTotal noninterest income\n\n \n$1,059\n\n \n$895\n\n \n$750\n\n \n18%\n\n \n41%\n\n \n \n\n \nNoninterest income of $1.059 billion increased $164 million, or 18% sequentially and $309 million, or 41%, year-over-year. The reported results reflect the impact of certain items in the table below, including 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. Securities repositioning losses of approximately $10 million reflect active portfolio management resulting in opportunistically repositioning $4 billion of notional short-duration securities to accelerate cash flow reinvestment, enhance net interest income and reduce down-rate risk sensitivity.\n\n \n \n\n \nNoninterest Income excluding certain items \n \n\n \n($ in millions) \nFor the Three Months Ended\n\n \n \n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \nSeq\n\n \n \n\n \nYr/Yr\n\n \n \n\n \n \n\n \nNoninterest Income excluding certain items \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest income (U.S. GAAP)\n\n \n$1,059\n\n \n \n\n \n$895\n\n \n \n\n \n$750\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterchange litigation matters\n\n \n1\n\n \n \n\n \n(8)\n\n \n \n\n \n1\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nMerger-related charges\n\n \n—\n\n \n \n\n \n22\n\n \n \n\n \n—\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nSecurities repositioning losses\n\n \n10\n\n \n \n\n \n—\n\n \n \n\n \n—\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nOther securities (gains)/losses, net\n\n \n(30)\n\n \n \n\n \n12\n\n \n \n\n \n(16)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest income excluding certain items (a) \n$1,040\n\n \n \n\n \n$921\n\n \n \n\n \n$735\n\n \n \n\n \n13%\n\n \n \n\n \n41%\n\n \n \n\n \nNoninterest income excluding certain items of $1.040 billion increased $119 million, or 13%, compared to the prior quarter and increased $305 million, or 41%, from the year-ago quarter.\n\n \nGrowth was driven by the full-quarter contribution from Comerica and momentum across our fee businesses. Wealth and asset management revenue of $256 million benefited from higher personal asset management revenue, 8% sequential assets under management growth, and favorable market performance, partially offset by the seasonal decline in tax‑related revenue from first-quarter highs. Commercial payments revenue of $254 million reflected continued strength in core treasury services and Newline. Capital markets fees of $154 million were led by client financial risk management and loan syndication activity. Commercial banking revenue of $125 million was driven by higher commercial lending-related activity and mortgage banking net revenue of $39 million declined on lower gains on loan sales.\n\n \n \n\n \nNoninterest Expense \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions) \nFor the Three Months Ended\n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \nMarch\n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \nSeq\n\n \nYr/Yr\n\n \n \n\n \n \n\n \nNoninterest Expense \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCompensation and benefits\n\n \n$1,129\n\n \n$1,410\n\n \n$698\n\n \n(20)%\n\n \n62%\n\n \n \n\n \n \n\n \nTechnology and communications\n\n \n250\n\n \n204\n\n \n126\n\n \n23%\n\n \n98%\n\n \n \n\n \n \n\n \nNet occupancy expense\n\n \n154\n\n \n140\n\n \n83\n\n \n10%\n\n \n86%\n\n \n \n\n \n \n\n \nCard and processing expense\n\n \n66\n\n \n79\n\n \n22\n\n \n(16)%\n\n \n200%\n\n \n \n\n \n \n\n \nEquipment expense\n\n \n60\n\n \n55\n\n \n41\n\n \n9%\n\n \n46%\n\n \n \n\n \n \n\n \nLoan and lease expense\n\n \n53\n\n \n42\n\n \n36\n\n \n26%\n\n \n47%\n\n \n \n\n \n \n\n \nMarketing expense\n\n \n65\n\n \n50\n\n \n43\n\n \n30%\n\n \n51%\n\n \n \n\n \n \n\n \nOther noninterest expense\n\n \n332\n\n \n415\n\n \n215\n\n \n(20)%\n\n \n54%\n\n \n \n\n \n \n\n \nTotal noninterest expense\n\n \n$2,109\n\n \n$2,395\n\n \n$1,264\n\n \n(12)%\n\n \n67%\n\n \n \n\n \nNoninterest expense of $2.109 billion decreased 12% from the prior quarter and increased 67% from the year-ago quarter. The reported results reflect the impact of certain items in the table below.\n\n \n \n\n \nNoninterest Expense excluding certain item(s) \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions) \nFor the Three Months Ended\n\n \n \n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \nSeq\n\n \n \n\n \nYr/Yr\n\n \n \n\n \n \n\n \nNoninterest Expense excluding certain item(s) \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest expense (U.S. GAAP)\n\n \n$2,109\n\n \n \n\n \n$2,395\n\n \n \n\n \n$1,264\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nMerger-related charges\n\n \n(203)\n\n \n \n\n \n(635)\n\n \n \n\n \n—\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTechnology-related asset impairments\n\n \n(7)\n\n \n \n\n \n—\n\n \n \n\n \n—\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nSeverance expense\n\n \n(7)\n\n \n \n\n \n—\n\n \n \n\n \n(15)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterchange litigation matters\n\n \n(1)\n\n \n \n\n \n—\n\n \n \n\n \n—\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest expense excluding certain item(s) (a) \n$1,891\n\n \n \n\n \n$1,760\n\n \n \n\n \n$1,249\n\n \n \n\n \n7%\n\n \n \n\n \n51%\n\n \n \n\n \n \n\n \nNon-qualified deferred compensation (expense)/benefit\n\n \n(30)\n\n \n \n\n \n9\n\n \n \n\n \n(16)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest expense excluding certain item(s) and non-qualified deferred compensation (a) \n$1,861\n\n \n \n\n \n$1,769\n\n \n \n\n \n$1,233\n\n \n \n\n \n5%\n\n \n \n\n \n51%\n\n \n \n\n \nNoninterest expense excluding certain items and non-qualified deferred compensation of $1.861 billion increased 5% sequentially and 51% year-over-year. Sequential growth reflected the full-quarter contribution from Comerica, higher technology and communications expense tied to integration activity, and elevated marketing spend supporting the Comerica deposit campaign, partially offset by lower compensation and benefits.\n\n \nYear-to-date merger-related charges represent approximately 65% of the expected full-year total, consistent with our integration timeline.\n\n \n \n\n \nAverage Interest-Earning Assets \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions) \nFor the Three Months Ended\n\n \n \n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \nSeq\n\n \n \n\n \nYr/Yr\n\n \n \n\n \n \n\n \nAverage Portfolio Loans and Leases \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommercial loans and leases:\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommercial and industrial loans\n\n \n$84,967\n\n \n \n\n \n$73,264\n\n \n \n\n \n$54,075\n\n \n \n\n \n16%\n\n \n \n\n \n57%\n\n \n \n\n \n \n\n \nCommercial mortgage loans\n\n \n27,176\n\n \n \n\n \n21,969\n\n \n \n\n \n12,410\n\n \n \n\n \n24%\n\n \n \n\n \n119%\n\n \n \n\n \n \n\n \nCommercial construction loans\n\n \n8,437\n\n \n \n\n \n7,278\n\n \n \n\n \n5,810\n\n \n \n\n \n16%\n\n \n \n\n \n45%\n\n \n \n\n \n \n\n \nCommercial leases\n\n \n3,503\n\n \n \n\n \n3,347\n\n \n \n\n \n3,120\n\n \n \n\n \n5%\n\n \n \n\n \n12%\n\n \n \n\n \n \n\n \nTotal commercial loans and leases\n\n \n$124,083\n\n \n \n\n \n$105,858\n\n \n \n\n \n$75,415\n\n \n \n\n \n17%\n\n \n \n\n \n65%\n\n \n \n\n \n \n\n \nConsumer loans:\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nResidential mortgage loans\n\n \n$19,626\n\n \n \n\n \n$18,848\n\n \n \n\n \n$17,615\n\n \n \n\n \n4%\n\n \n \n\n \n11%\n\n \n \n\n \n \n\n \nHome equity\n\n \n6,830\n\n \n \n\n \n6,064\n\n \n \n\n \n4,383\n\n \n \n\n \n13%\n\n \n \n\n \n56%\n\n \n \n\n \n \n\n \nIndirect secured consumer loans\n\n \n18,239\n\n \n \n\n \n18,105\n\n \n \n\n \n17,248\n\n \n \n\n \n1%\n\n \n \n\n \n6%\n\n \n \n\n \n \n\n \nCredit card\n\n \n1,646\n\n \n \n\n \n1,659\n\n \n \n\n \n1,659\n\n \n \n\n \n(1)%\n\n \n \n\n \n(1)%\n\n \n \n\n \n \n\n \nSolar energy installation loans\n\n \n4,384\n\n \n \n\n \n4,516\n\n \n \n\n \n4,268\n\n \n \n\n \n(3)%\n\n \n \n\n \n3%\n\n \n \n\n \n \n\n \nOther consumer loans\n\n \n2,764\n\n \n \n\n \n2,582\n\n \n \n\n \n2,483\n\n \n \n\n \n7%\n\n \n \n\n \n11%\n\n \n \n\n \n \n\n \nTotal consumer loans\n\n \n$53,489\n\n \n \n\n \n$51,774\n\n \n \n\n \n$47,656\n\n \n \n\n \n3%\n\n \n \n\n \n12%\n\n \n \n\n \n \n\n \nTotal average portfolio loans and leases\n\n \n$177,572\n\n \n \n\n \n$157,632\n\n \n \n\n \n$123,071\n\n \n \n\n \n13%\n\n \n \n\n \n44%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAverage Loans and Leases Held for Sale \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommercial loans and leases held for sale\n\n \n$399\n\n \n \n\n \n$85\n\n \n \n\n \n$45\n\n \n \n\n \n369%\n\n \n \n\n \n787%\n\n \n \n\n \n \n\n \nConsumer loans held for sale\n\n \n736\n\n \n \n\n \n566\n\n \n \n\n \n541\n\n \n \n\n \n30%\n\n \n \n\n \n36%\n\n \n \n\n \n \n\n \nTotal average loans and leases held for sale\n\n \n$1,135\n\n \n \n\n \n$651\n\n \n \n\n \n$586\n\n \n \n\n \n74%\n\n \n \n\n \n94%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTotal average loans and leases\n\n \n$178,707\n\n \n \n\n \n$158,283\n\n \n \n\n \n$123,657\n\n \n \n\n \n13%\n\n \n \n\n \n45%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nSecurities (taxable and tax-exempt)\n\n \n$67,924\n\n \n \n\n \n$59,950\n\n \n \n\n \n$56,243\n\n \n \n\n \n13%\n\n \n \n\n \n21%\n\n \n \n\n \n \n\n \nOther short-term investments\n\n \n18,358\n\n \n \n\n \n19,728\n\n \n \n\n \n12,782\n\n \n \n\n \n(7)%\n\n \n \n\n \n44%\n\n \n \n\n \n \n\n \nTotal average interest-earning assets\n\n \n$264,989\n\n \n \n\n \n$237,961\n\n \n \n\n \n$192,682\n\n \n \n\n \n11%\n\n \n \n\n \n38%\n\n \n \n\n \nTotal average portfolio loans and leases of $178 billion increased 13% sequentially and 44% year-over-year. Growth in both periods reflected the full-quarter contribution from Comerica, as well as underlying commercial loan momentum.\n\n \nWithin the total, average commercial portfolio loans and leases of $124 billion grew 17% sequentially and 65% year-over-year, while average consumer portfolio loans of $53 billion grew 3% sequentially and 12% year-over-year, primarily reflecting growth in residential mortgage and home equity balances.\n\n \nAverage securities (taxable and tax-exempt; amortized cost) of $68 billion increased 13% sequentially and 21% year-over-year, reflecting the addition of Comerica's securities portfolio and ongoing reinvestment activity. Average other short-term investments (including interest-bearing cash) of $18 billion decreased 7% sequentially and increased 44% year-over-year. The sequential decline primarily reflected the continued repositioning of the Comerica securities portfolio, seasonal deposit trends and loan growth.\n\n \n \n\n \nEnd of Period Interest-Earning Assets \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions) \nAs of\n\n \n \n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \nSeq\n\n \n \n\n \nYr/Yr\n\n \n \n\n \n \n\n \nEnd of Period Portfolio Loans and Leases \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTotal commercial loans and leases\n\n \n$124,880\n\n \n \n\n \n$122,859\n\n \n \n\n \n$74,152\n\n \n \n\n \n2%\n\n \n \n\n \n68%\n\n \n \n\n \n \n\n \nTotal consumer loans\n\n \n53,648\n\n \n \n\n \n53,391\n\n \n \n\n \n48,244\n\n \n \n\n \n—\n\n \n \n\n \n11%\n\n \n \n\n \n \n\n \nTotal portfolio loans and leases\n\n \n$178,528\n\n \n \n\n \n$176,250\n\n \n \n\n \n$122,396\n\n \n \n\n \n1%\n\n \n \n\n \n46%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nEnd of Period Loans and Leases Held for Sale \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTotal loans and leases held for sale\n\n \n$866\n\n \n \n\n \n$1,365\n\n \n \n\n \n$646\n\n \n \n\n \n(37)%\n\n \n \n\n \n34%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTotal loans and leases\n\n \n$179,394\n\n \n \n\n \n$177,615\n\n \n \n\n \n$123,042\n\n \n \n\n \n1%\n\n \n \n\n \n46%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nSecurities (taxable and tax-exempt)\n\n \n$68,332\n\n \n \n\n \n$67,823\n\n \n \n\n \n$55,109\n\n \n \n\n \n1%\n\n \n \n\n \n24%\n\n \n \n\n \n \n\n \nOther short-term investments\n\n \n19,350\n\n \n \n\n \n17,456\n\n \n \n\n \n13,043\n\n \n \n\n \n11%\n\n \n \n\n \n48%\n\n \n \n\n \n \n\n \nTotal interest-earning assets\n\n \n$267,076\n\n \n \n\n \n$262,894\n\n \n \n\n \n$191,194\n\n \n \n\n \n2%\n\n \n \n\n \n40%\n\n \n \n\n \nPeriod-end commercial portfolio loans and leases of $125 billion increased 2% sequentially and 68% year-over-year. Sequential growth was led by C&I, reflecting strong origination activity across corporate banking and middle market, partially offset by elevated payoffs.\n\n \nPeriod-end consumer portfolio loans of $54 billion were flat sequentially and increased 11% year-over-year. Sequentially, continued momentum in home equity and growth in residential mortgage were offset by declines in indirect secured consumer and solar energy installation balances.\n\n \nTotal period-end securities (taxable and tax-exempt; amortized cost) of $68 billion increased 1% sequentially and 24% year-over-year. Period-end other short-term investments of $19 billion increased 11% sequentially and increased 48% year-over-year. The sequential increase primarily reflects the reversal of seasonal deposit trends experienced earlier in the quarter.\n\n \nAverage Deposits \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions) \nFor the Three Months Ended\n\n \n \n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \nSeq\n\n \n \n\n \nYr/Yr\n\n \n \n\n \n \n\n \nAverage Deposits \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nDemand\n\n \n$63,976\n\n \n \n\n \n$55,770\n\n \n \n\n \n$40,885\n\n \n \n\n \n15%\n\n \n \n\n \n56%\n\n \n \n\n \n \n\n \nInterest checking\n\n \n70,507\n\n \n \n\n \n67,369\n\n \n \n\n \n56,738\n\n \n \n\n \n5%\n\n \n \n\n \n24%\n\n \n \n\n \n \n\n \nSavings\n\n \n18,430\n\n \n \n\n \n17,546\n\n \n \n\n \n16,962\n\n \n \n\n \n5%\n\n \n \n\n \n9%\n\n \n \n\n \n \n\n \nMoney market\n\n \n63,200\n\n \n \n\n \n54,219\n\n \n \n\n \n36,296\n\n \n \n\n \n17%\n\n \n \n\n \n74%\n\n \n \n\n \n \n\n \nTotal transaction deposits\n\n \n$216,113\n\n \n \n\n \n$194,904\n\n \n \n\n \n$150,881\n\n \n \n\n \n11%\n\n \n \n\n \n43%\n\n \n \n\n \n \n\n \nCDs $250,000 or less\n\n \n12,403\n\n \n \n\n \n11,641\n\n \n \n\n \n10,494\n\n \n \n\n \n7%\n\n \n \n\n \n18%\n\n \n \n\n \n \n\n \nTotal core deposits\n\n \n$228,516\n\n \n \n\n \n$206,545\n\n \n \n\n \n$161,375\n\n \n \n\n \n11%\n\n \n \n\n \n42%\n\n \n \n\n \n \n\n \nCDs over $250,000 1 \n2,990\n\n \n \n\n \n2,807\n\n \n \n\n \n2,200\n\n \n \n\n \n7%\n\n \n \n\n \n36%\n\n \n \n\n \n \n\n \nTotal average deposits\n\n \n$231,506\n\n \n \n\n \n$209,352\n\n \n \n\n \n$163,575\n\n \n \n\n \n11%\n\n \n \n\n \n42%\n\n \n \n\n \n \n\n 1 CDs over $250,000 includes $0.1BN, $0.4BN, and $1.1BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6/30/26, 3/31/26, and 6/30/25, respectively. \n \n\n \nTotal average deposits of $232 billion increased 11% sequentially and 42% year-over-year. Period-end total deposits of $234 billion were flat sequentially and up 43% year-over-year.\n\n \nPeriod-end consumer deposits grew $4.6 billion in the quarter, supported by outperformance from the Comerica retail deposit campaign, and were largely offset by the intentional reduction of higher-cost, non-relationship commercial deposits. This mix shift is consistent with the strategy to increase granular consumer deposits.\n\n \nThe period-end portfolio loan-to-core deposit ratio was 77%, compared to 76% in both the prior and year-ago quarters, reflecting balanced growth in loans and deposits.\n\n \nAverage Wholesale Funding \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions) \nFor the Three Months Ended\n\n \n \n\n \n% Change\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \nSeq\n\n \n \n\n \nYr/Yr\n\n \n \n\n \n \n\n \nAverage Wholesale Funding \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCDs over $250,000 1 \n$2,990\n\n \n \n\n \n$2,807\n\n \n \n\n \n$2,200\n\n \n \n\n \n7%\n\n \n \n\n \n36%\n\n \n \n\n \n \n\n \nFederal funds purchased\n\n \n160\n\n \n \n\n \n178\n\n \n \n\n \n206\n\n \n \n\n \n(10)%\n\n \n \n\n \n(22)%\n\n \n \n\n \n \n\n \nSecurities sold under repurchase agreements\n\n \n444\n\n \n \n\n \n322\n\n \n \n\n \n353\n\n \n \n\n \n38%\n\n \n \n\n \n26%\n\n \n \n\n \n \n\n \nFHLB advances\n\n \n3,437\n\n \n \n\n \n99\n\n \n \n\n \n4,976\n\n \n \n\n \nNM\n\n \n \n\n \n(31)%\n\n \n \n\n \n \n\n \nDerivative collateral and other secured borrowings\n\n \n64\n\n \n \n\n \n83\n\n \n \n\n \n89\n\n \n \n\n \n(23)%\n\n \n \n\n \n(28)%\n\n \n \n\n \n \n\n \nLong-term debt\n\n \n18,817\n\n \n \n\n \n18,062\n\n \n \n\n \n14,599\n\n \n \n\n \n4%\n\n \n \n\n \n29%\n\n \n \n\n \n \n\n \nTotal average wholesale funding\n\n \n$25,912\n\n \n \n\n \n$21,551\n\n \n \n\n \n$22,423\n\n \n \n\n \n20%\n\n \n \n\n \n16%\n\n \n \n\n \n \n\n 1 CDs over $250,000 includes $0.1BN, $0.4BN, and $1.1BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6/30/26, 3/31/26, and 6/30/25, respectively. \n \n\n \nAverage wholesale funding of $26 billion increased 20% sequentially, driven primarily by a $3.3 billion increase in short-term FHLB advances used to bridge the seasonal trough in commercial deposit balances.\n\n \nCompared to the year-ago quarter, average wholesale funding increased 16%, driven by a $4.2 billion increase in long-term debt associated with the Comerica acquisition, partially offset by a $1.5 billion decline in FHLB advances as strong deposit growth reduced the reliance on wholesale funding.\n\n \nCredit Quality Summary \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n($ in millions) \nAs of and For the Three Months Ended\n\n \n \n\n \nJune\n\n \n \n\n \nMarch\n\n \n \n\n \nDecember\n\n \n \n\n \nSeptember\n\n \n \n\n \nJune\n\n \n \n\n \n2026\n\n \n \n\n \n2026\n\n \n \n\n \n2025\n\n \n \n\n \n2025\n\n \n \n\n \n2025\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTotal nonaccrual portfolio loans and leases (NPLs)\n\n \n$1,041\n\n \n \n\n \n$960\n\n \n \n\n \n$767\n\n \n \n\n \n$768\n\n \n \n\n \n$853\n\n \n \n\n \nRepossessed property\n\n \n10\n\n \n \n\n \n11\n\n \n \n\n \n11\n\n \n \n\n \n12\n\n \n \n\n \n8\n\n \n \n\n \nOREO\n\n \n24\n\n \n \n\n \n28\n\n \n \n\n \n19\n\n \n \n\n \n21\n\n \n \n\n \n25\n\n \n \n\n \nTotal nonperforming portfolio loans and leases and OREO (NPAs)\n\n \n$1,075\n\n \n \n\n \n$999\n\n \n \n\n \n$797\n\n \n \n\n \n$801\n\n \n \n\n \n$886\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNPL ratio (f) \n0.58%\n\n \n \n\n \n0.54%\n\n \n \n\n \n0.62%\n\n \n \n\n \n0.62%\n\n \n \n\n \n0.70%\n\n \n \n\n \nNPA ratio (c) \n0.60%\n\n \n \n\n \n0.57%\n\n \n \n\n \n0.65%\n\n \n \n\n \n0.65%\n\n \n \n\n \n0.72%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nPortfolio loans and leases 30-89 days past due (accrual)\n\n \n$561\n\n \n \n\n \n$683\n\n \n \n\n \n$360\n\n \n \n\n \n$348\n\n \n \n\n \n$277\n\n \n \n\n \nPortfolio loans and leases 90 days past due (accrual)\n\n \n33\n\n \n \n\n \n49\n\n \n \n\n \n30\n\n \n \n\n \n29\n\n \n \n\n \n34\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n30-89 days past due as a % of portfolio loans and leases\n\n \n0.31%\n\n \n \n\n \n0.39%\n\n \n \n\n \n0.29%\n\n \n \n\n \n0.28%\n\n \n \n\n \n0.23%\n\n \n \n\n \n90 days past due as a % of portfolio loans and leases\n\n \n0.02%\n\n \n \n\n \n0.03%\n\n \n \n\n \n0.02%\n\n \n \n\n \n0.02%\n\n \n \n\n \n0.03%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAllowance for loan and lease losses (ALLL), beginning\n\n \n$2,922\n\n \n \n\n \n$2,253\n\n \n \n\n \n$2,265\n\n \n \n\n \n$2,412\n\n \n \n\n \n$2,384\n\n \n \n\n \nTotal net losses charged-off\n\n \n(135)\n\n \n \n\n \n(144)\n\n \n \n\n \n(125)\n\n \n \n\n \n(339)\n\n \n \n\n \n(139)\n\n \n \n\n \nProvision for loan and lease losses\n\n \n131\n\n \n \n\n \n152\n\n \n \n\n \n113\n\n \n \n\n \n192\n\n \n \n\n \n167\n\n \n \n\n \nAllowance on PCD loans and leases at acquisition\n\n \n(1)\n\n \n \n\n \n180\n\n \n \n\n \n—\n\n \n \n\n \n—\n\n \n \n\n \n—\n\n \n \n\n \nAllowance on PSLs at acquisition\n\n \n1\n\n \n \n\n \n481\n\n \n \n\n \n—\n\n \n \n\n \n—\n\n \n \n\n \n—\n\n \n \n\n \nALLL, ending\n\n \n$2,918\n\n \n \n\n \n$2,922\n\n \n \n\n \n$2,253\n\n \n \n\n \n$2,265\n\n \n \n\n \n$2,412\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nReserve for unfunded commitments, beginning\n\n \n$232\n\n \n \n\n \n$157\n\n \n \n\n \n$151\n\n \n \n\n \n$146\n\n \n \n\n \n$140\n\n \n \n\n \n(Benefit from) provision for the reserve for unfunded commitments\n\n \n(2)\n\n \n \n\n \n75\n\n \n \n\n \n6\n\n \n \n\n \n5\n\n \n \n\n \n6\n\n \n \n\n \nReserve for unfunded commitments, ending\n\n \n$230\n\n \n \n\n \n$232\n\n \n \n\n \n$157\n\n \n \n\n \n$151\n\n \n \n\n \n$146\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTotal allowance for credit losses (ACL)\n\n \n$3,148\n\n \n \n\n \n$3,154\n\n \n \n\n \n$2,410\n\n \n \n\n \n$2,416\n\n \n \n\n \n$2,558\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nACL ratios:\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAs a % of portfolio loans and leases\n\n \n1.76%\n\n \n \n\n \n1.79%\n\n \n \n\n \n1.96%\n\n \n \n\n \n1.96%\n\n \n \n\n \n2.09%\n\n \n \n\n \nAs a % of nonperforming portfolio loans and leases\n\n \n303%\n\n \n \n\n \n328%\n\n \n \n\n \n314%\n\n \n \n\n \n314%\n\n \n \n\n \n300%\n\n \n \n\n \nAs a % of nonperforming portfolio assets\n\n \n293%\n\n \n \n\n \n316%\n\n \n \n\n \n302%\n\n \n \n\n \n302%\n\n \n \n\n \n289%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nALLL as a % of portfolio loans and leases\n\n \n1.63%\n\n \n \n\n \n1.66%\n\n \n \n\n \n1.84%\n\n \n \n\n \n1.84%\n\n \n \n\n \n1.97%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nTotal losses charged-off\n\n \n$(181)\n\n \n \n\n \n$(187)\n\n \n \n\n \n$(177)\n\n \n \n\n \n$(382)\n\n \n \n\n \n$(194)\n\n \n \n\n \nTotal recoveries of losses previously charged-off\n\n \n46\n\n \n \n\n \n43\n\n \n \n\n \n52\n\n \n \n\n \n43\n\n \n \n\n \n55\n\n \n \n\n \nTotal net losses charged-off 1 \n$(135)\n\n \n \n\n \n$(144)\n\n \n \n\n \n$(125)\n\n \n \n\n \n$(339)\n\n \n \n\n \n$(139)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet charge-off ratio (NCO ratio) (b)1 \n0.30%\n\n \n \n\n \n0.37%\n\n \n \n\n \n0.40%\n\n \n \n\n \n1.09%\n\n \n \n\n \n0.45%\n\n \n \n\n \nCommercial NCO ratio\n\n \n0.21%\n\n \n \n\n \n0.26%\n\n \n \n\n \n0.27%\n\n \n \n\n \n1.46%\n\n \n \n\n \n0.38%\n\n \n \n\n \nConsumer NCO ratio\n\n \n0.53%\n\n \n \n\n \n0.58%\n\n \n \n\n \n0.59%\n\n \n \n\n \n0.52%\n\n \n \n\n \n0.56%\n\n \n \n\n 1 Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition. \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nThe provision for credit losses totaled $129 million in the current quarter, down from $227 million in the prior quarter, which included an $83 million Day 1 allowance build associated with the Comerica acquisition. The ACL ratio was 1.76% of total portfolio loans and leases at quarter end, down 3 bps sequentially and 33 bps year-over-year, primarily reflecting the addition of Comerica's portfolio mix and continued strong credit performance. The ACL coverage ratio remained strong at 303% of nonperforming portfolio loans and leases and 293% of nonperforming portfolio assets.\n\n \nNet charge-offs totaled $135 million, and the NCO ratio improved 7 bps sequentially to 0.30%, the lowest level since the second quarter of 2023. Commercial net charge-offs of $64 million represented a commercial NCO ratio of 0.21%, down 5 bps sequentially, while consumer net charge-offs of $71 million equated to a consumer NCO ratio of 0.53%, also down 5 bps from the prior quarter.\n\n \nCompared to the year-ago quarter, the NCO ratio improved 15 bps, with the commercial NCO ratio down 17 bps and the consumer NCO ratio down 3 bps.\n\n \nNonperforming portfolio loans and leases totaled $1.041 billion, representing an NPL ratio of 0.58%, compared to 0.54% in the prior quarter and 0.70% in the year-ago quarter. Nonperforming portfolio assets totaled $1.075 billion, an NPA ratio of 0.60%, compared to 0.57% in the prior quarter and 0.72% in the year-ago quarter. The sequential increase reflected modest growth in consumer and commercial NPAs.\n\n \n \n\n \nCapital Position \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAs of and For the Three Months Ended\n\n \n \n\n \n \n\n \n \n\n \nJune\n\n \nMarch\n\n \nDecember\n\n \nSeptember\n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \n2025\n\n \n2025\n\n \n \n\n \n \n\n \nCapital Position \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAverage total Bancorp shareholders' equity as a % of average assets\n\n \n \n\n \n11.50%\n\n \n11.34%\n\n \n10.11%\n\n \n10.02%\n\n \n9.82%\n\n \n \n\n \n \n\n \nTangible equity (a) \n \n\n \n9.04%\n\n \n9.01%\n\n \n9.28%\n\n \n9.12%\n\n \n9.39%\n\n \n \n\n \n \n\n \nTangible common equity (excluding AOCI) (a) \n \n\n \n8.30%\n\n \n8.26%\n\n \n8.46%\n\n \n8.29%\n\n \n8.38%\n\n \n \n\n \n \n\n \nTangible common equity (including AOCI) (a) \n \n\n \n7.27%\n\n \n7.25%\n\n \n7.14%\n\n \n6.89%\n\n \n6.84%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nRegulatory Capital Ratios (d) \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCET1 capital\n\n \n \n\n \n9.93%\n\n \n9.89%\n\n \n10.81%\n\n \n10.57%\n\n \n10.58%\n\n \n \n\n \n \n\n \nTier 1 risk-based capital\n\n \n \n\n \n10.81%\n\n \n10.79%\n\n \n11.87%\n\n \n11.63%\n\n \n11.85%\n\n \n \n\n \n \n\n \nTotal risk-based capital\n\n \n \n\n \n12.50%\n\n \n12.50%\n\n \n13.78%\n\n \n13.54%\n\n \n13.77%\n\n \n \n\n \n \n\n \nLeverage\n\n \n \n\n \n9.20%\n\n \n10.22%\n\n \n9.41%\n\n \n9.24%\n\n \n9.42%\n\n \n \n\n \nFifth Third maintained a strong capital position. CET1 capital ratio increased 4 bps sequentially to 9.93%, as stronger capital generation was partially offset by risk-weighted asset growth. The year-to-date decrease in CET1 reflects the capital impacts from the Comerica acquisition and $933 million of pre-tax merger related impacts. There was no share repurchase activity in the first half of 2026.\n\n \nTax Rate \nThe effective tax rate for the quarter was 22.7% compared with 20.1% in the prior quarter and 22.2% in the year-ago quarter.\n\n \nConference Call \nFifth 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.\n\n \nCorporate Profile \nFifth 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.\n\n \nFifth 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.\n\n \nEarnings Release End Notes \n(a) \nNon-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 27. (b) \nNet losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. (c) \nNonperforming portfolio assets as a percent of portfolio loans and leases and OREO. (d) \nCurrent period regulatory capital ratios are estimated. (e) \nAssumes a 24% tax rate. (f) \nNonperforming portfolio loans and leases as a percent of portfolio loans and leases. \nFORWARD-LOOKING STATEMENTS \nThis 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”). \nThere 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. \nYou 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. \nQuarterly Financial Review for June 30, 2026 \nTable of Contents \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nFinancial Highlights\n\n \n14-15\n\n \n \n\n \n \n\n \nConsolidated Statements of Income\n\n \n16-17\n\n \n \n\n \n \n\n \nConsolidated Balance Sheets\n\n \n18-19\n\n \n \n\n \n \n\n \nConsolidated Statements of Changes in Equity\n\n \n20\n\n \n \n\n \n \n\n \nAverage Balance Sheets and Yield/Rate Analysis\n\n \n21-22\n\n \n \n\n \n \n\n \nSummary of Loans and Leases\n\n \n23\n\n \n \n\n \n \n\n \nRegulatory Capital\n\n \n24\n\n \n \n\n \n \n\n \nSummary of Credit Loss Experience\n\n \n25\n\n \n \n\n \n \n\n \nAsset Quality\n\n \n26\n\n \n \n\n \n \n\n \nNon-GAAP Reconciliation\n\n \n27-29\n\n \n \n\n \n \n\n \nSegment Presentation\n\n \n30\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nFifth Third Bancorp and Subsidiaries \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nFinancial Highlights\n\n \nAs of and For the\n Three Months Ended\n\n \n% / bps\n\n \n \n\n \n \n\n \n% / bps\n\n \n$ in millions, except per share data\n\n \nChange\n\n \nYear to Date\n\n \nChange\n\n \n(unaudited)\n\n \nJune\n\n \nMarch\n\n \nJune\n\n \n \n\n \n \n\n \nJune\n\n \nJune\n\n \n \n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \nSeq\n\n \nYr/Yr\n\n \n2026\n\n \n2025\n\n \nYr/Yr\n\n \nIncome Statement Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet interest income\n\n \n$2,215\n\n \n$1,934\n\n \n$1,495\n\n \n15%\n\n \n48%\n\n \n$4,149\n\n \n$2,932\n\n \n42%\n\n \nNet interest income (FTE) (a) \n2,220\n\n \n1,939\n\n \n1,500\n\n \n14%\n\n \n48%\n\n \n4,159\n\n \n2,942\n\n \n41%\n\n \nNoninterest income\n\n \n1,059\n\n \n895\n\n \n750\n\n \n18%\n\n \n41%\n\n \n1,954\n\n \n1,444\n\n \n35%\n\n \nTotal revenue (FTE) (a) \n3,279\n\n \n2,834\n\n \n2,250\n\n \n16%\n\n \n46%\n\n \n6,113\n\n \n4,386\n\n \n39%\n\n \nProvision for credit losses\n\n \n129\n\n \n227\n\n \n173\n\n \n(43%)\n\n \n(25%)\n\n \n356\n\n \n347\n\n \n3%\n\n \nNoninterest expense\n\n \n2,109\n\n \n2,395\n\n \n1,264\n\n \n(12%)\n\n \n67%\n\n \n4,504\n\n \n2,568\n\n \n75%\n\n \nNet income\n\n \n801\n\n \n165\n\n \n628\n\n \n385%\n\n \n28%\n\n \n966\n\n \n1,142\n\n \n(15%)\n\n \nNet income available to common shareholders\n\n \n763\n\n \n128\n\n \n591\n\n \n496%\n\n \n29%\n\n \n891\n\n \n1,069\n\n \n(17%)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nEarnings Per Share Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet income allocated to common shareholders\n\n \n$763\n\n \n$128\n\n \n$591\n\n \n496%\n\n \n29%\n\n \n$891\n\n \n$1,069\n\n \n(17%)\n\n \nAverage common shares outstanding (in thousands):\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nBasic\n\n \n911,613\n\n \n825,119\n\n \n670,787\n\n \n10%\n\n \n36%\n\n \n868,605\n\n \n670,919\n\n \n29%\n\n \nDiluted\n\n \n915,959\n\n \n830,274\n\n \n674,034\n\n \n10%\n\n \n36%\n\n \n873,353\n\n \n675,032\n\n \n29%\n\n \nEarnings per share, basic\n\n \n$0.84\n\n \n$0.16\n\n \n$0.88\n\n \n425%\n\n \n(5%)\n\n \n$1.03\n\n \n$1.59\n\n \n(35%)\n\n \nEarnings per share, diluted\n\n \n0.83\n\n \n0.15\n\n \n0.88\n\n \n453%\n\n \n(6%)\n\n \n1.02\n\n \n1.58\n\n \n(35%)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommon Share Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCash dividends per common share\n\n \n$0.40\n\n \n$0.40\n\n \n$0.37\n\n \n—\n\n \n8%\n\n \n$0.80\n\n \n$0.74\n\n \n8%\n\n \nBook value per share\n\n \n35.56\n\n \n35.24\n\n \n28.47\n\n \n1%\n\n \n25%\n\n \n35.56\n\n \n28.47\n\n \n25%\n\n \nMarket value per share\n\n \n56.37\n\n \n46.46\n\n \n41.13\n\n \n21%\n\n \n37%\n\n \n56.37\n\n \n41.13\n\n \n37%\n\n \nCommon shares outstanding (in thousands)\n\n \n906,573\n\n \n905,823\n\n \n667,710\n\n \n—\n\n \n36%\n\n \n906,573\n\n \n667,710\n\n \n36%\n\n \nMarket capitalization\n\n \n$51,103\n\n \n$42,085\n\n \n$27,463\n\n \n21%\n\n \n86%\n\n \n$51,103\n\n \n$27,463\n\n \n86%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nFinancial Ratios \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nReturn on average assets\n\n \n1.08%\n\n \n0.25%\n\n \n1.20%\n\n \n83\n\n \n(12)\n\n \n0.69%\n\n \n1.09%\n\n \n(40)\n\n \nReturn on average common equity\n\n \n9.5%\n\n \n1.8%\n\n \n12.8%\n\n \n770\n\n \n(330)\n\n \n6.0%\n\n \n11.8%\n\n \n(580)\n\n \nReturn on average tangible common equity (a) \n15.6%\n\n \n3.5%\n\n \n17.6%\n\n \nNM\n\n \n(200)\n\n \n10.0%\n\n \n16.5%\n\n \n(650)\n\n \nNoninterest income as a percent of total revenue (a) \n32%\n\n \n32%\n\n \n33%\n\n \n—\n\n \n(100)\n\n \n32%\n\n \n33%\n\n \n(100)\n\n \nDividend payout\n\n \n47.6%\n\n \n250.0%\n\n \n42.0%\n\n \nNM\n\n \nNM\n\n \n77.7%\n\n \n46.5%\n\n \nNM\n\n \nAverage total Bancorp shareholders’ equity as a percent of average assets\n\n \n11.50%\n\n \n11.34%\n\n \n9.82%\n\n \n16\n\n \n168\n\n \n11.42%\n\n \n9.66%\n\n \n176\n\n \nTangible common equity (a) \n8.30%\n\n \n8.26%\n\n \n8.38%\n\n \n4\n\n \n(8)\n\n \n8.30%\n\n \n8.38%\n\n \n(8)\n\n \nNet interest margin (FTE) (a) \n3.36%\n\n \n3.30%\n\n \n3.12%\n\n \n6\n\n \n24\n\n \n3.33%\n\n \n3.08%\n\n \n25\n\n \nEfficiency (FTE) (a) \n64.3%\n\n \n84.5%\n\n \n56.2%\n\n \nNM\n\n \n810\n\n \n73.7%\n\n \n58.6%\n\n \nNM\n\n \nEffective tax rate\n\n \n22.7%\n\n \n20.1%\n\n \n22.2%\n\n \n260\n\n \n50\n\n \n22.3%\n\n \n21.8%\n\n \n50\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCredit Quality \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet losses charged-off (h) \n$135\n\n \n$144\n\n \n$139\n\n \n(6%)\n\n \n(3%)\n\n \n$279\n\n \n$276\n\n \n1%\n\n \nNet losses charged-off as a percent of average portfolio loans and leases (annualized)\n\n \n0.30%\n\n \n0.37%\n\n \n0.45%\n\n \n(7)\n\n \n(15)\n\n \n0.33%\n\n \n0.45%\n\n \n(12)\n\n \nALLL as a percent of portfolio loans and leases\n\n \n1.63%\n\n \n1.66%\n\n \n1.97%\n\n \n(3)\n\n \n(34)\n\n \n1.63%\n\n \n1.97%\n\n \n(34)\n\n \nACL as a percent of portfolio loans and leases (f) \n1.76%\n\n \n1.79%\n\n \n2.09%\n\n \n(3)\n\n \n(33)\n\n \n1.76%\n\n \n2.09%\n\n \n(33)\n\n \nNonperforming portfolio assets as a percent of portfolio loans and leases and OREO\n\n \n0.60%\n\n \n0.57%\n\n \n0.72%\n\n \n3\n\n \n(12)\n\n \n0.60%\n\n \n0.72%\n\n \n(12)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAverage Balances \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nLoans and leases, including held for sale\n\n \n$178,707\n\n \n$158,283\n\n \n$123,657\n\n \n13%\n\n \n45%\n\n \n$168,552\n\n \n$122,716\n\n \n37%\n\n \nSecurities and other short-term investments\n\n \n86,282\n\n \n79,678\n\n \n69,025\n\n \n8%\n\n \n25%\n\n \n82,998\n\n \n70,029\n\n \n19%\n\n \nAssets\n\n \n297,947\n\n \n265,551\n\n \n210,554\n\n \n12%\n\n \n42%\n\n \n281,839\n\n \n210,556\n\n \n34%\n\n \nTransaction deposits (b) \n216,113\n\n \n194,904\n\n \n150,881\n\n \n11%\n\n \n43%\n\n \n205,567\n\n \n151,153\n\n \n36%\n\n \nCore deposits (c) \n228,516\n\n \n206,545\n\n \n161,375\n\n \n11%\n\n \n42%\n\n \n217,591\n\n \n161,591\n\n \n35%\n\n \nWholesale funding (d) \n25,912\n\n \n21,551\n\n \n22,423\n\n \n20%\n\n \n16%\n\n \n23,744\n\n \n22,343\n\n \n6%\n\n \nBancorp shareholders' equity\n\n \n34,260\n\n \n30,108\n\n \n20,670\n\n \n14%\n\n \n66%\n\n \n32,195\n\n \n20,337\n\n \n58%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nRegulatory Capital Ratios (e) \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCET1 capital\n\n \n9.93%\n\n \n9.89%\n\n \n10.58%\n\n \n4\n\n \n(65)\n\n \n9.93%\n\n \n10.58%\n\n \n(65)\n\n \nTier 1 risk-based capital\n\n \n10.81%\n\n \n10.79%\n\n \n11.85%\n\n \n2\n\n \n(104)\n\n \n10.81%\n\n \n11.85%\n\n \n(104)\n\n \nTotal risk-based capital\n\n \n12.50%\n\n \n12.50%\n\n \n13.77%\n\n \n—\n\n \n(127)\n\n \n12.50%\n\n \n13.77%\n\n \n(127)\n\n \nLeverage\n\n \n9.20%\n\n \n10.22%\n\n \n9.42%\n\n \n(102)\n\n \n(22)\n\n \n9.20%\n\n \n9.42%\n\n \n(22)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAdditional Metrics \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nBanking centers\n\n \n1,500\n\n \n1,489\n\n \n1,089\n\n \n1%\n\n \n38%\n\n \n1,500\n\n \n1,089\n\n \n38%\n\n \nATMs\n\n \n2,648\n\n \n2,643\n\n \n2,170\n\n \n—\n\n \n22%\n\n \n2,648\n\n \n2,170\n\n \n22%\n\n \nFull-time equivalent employees\n\n \n25,196\n\n \n25,980\n\n \n18,690\n\n \n(3%)\n\n \n35%\n\n \n25,196\n\n \n18,690\n\n \n35%\n\n \nAssets under care ($ in billions) (g) \n$902\n\n \n$865\n\n \n$657\n\n \n4%\n\n \n37%\n\n \n$902\n\n \n$657\n\n \n37%\n\n \nAssets under management ($ in billions) (g) \n128\n\n \n119\n\n \n73\n\n \n8%\n\n \n75%\n\n \n128\n\n \n73\n\n \n75%\n\n \n(a) \nNon-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27. (b) \nIncludes demand, interest checking, savings and money market deposits.. (c) \nIncludes transaction deposits plus CDs $250,000 or less. (d) \nIncludes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt. (e) \nCurrent period regulatory capital ratios are estimates. (f) \nThe allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments. (g) \nAssets under management and assets under care include trust and brokerage assets. (h) \nExcludes net charge-offs of $111 million which were taken immediately at the time of acquisition. \nFifth Third Bancorp and Subsidiaries \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nFinancial Highlights\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n$ in millions, except per share data\n\n \nAs of and For the Three Months Ended\n\n \n(unaudited)\n\n \nJune\n\n \nMarch\n\n \nDecember\n\n \nSeptember\n\n \nJune\n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \n2025\n\n \n2025\n\n \nIncome Statement Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet interest income\n\n \n$2,215\n\n \n$1,934\n\n \n$1,529\n\n \n$1,520\n\n \n$1,495\n\n \nNet interest income (FTE) (a) \n2,220\n\n \n1,939\n\n \n1,533\n\n \n1,525\n\n \n1,500\n\n \nNoninterest income\n\n \n1,059\n\n \n895\n\n \n811\n\n \n781\n\n \n750\n\n \nTotal revenue (FTE) (a) \n3,279\n\n \n2,834\n\n \n2,344\n\n \n2,306\n\n \n2,250\n\n \nProvision for credit losses\n\n \n129\n\n \n227\n\n \n119\n\n \n197\n\n \n173\n\n \nNoninterest expense\n\n \n2,109\n\n \n2,395\n\n \n1,309\n\n \n1,267\n\n \n1,264\n\n \nNet income\n\n \n801\n\n \n165\n\n \n731\n\n \n649\n\n \n628\n\n \nNet income available to common shareholders\n\n \n763\n\n \n128\n\n \n699\n\n \n608\n\n \n591\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nEarnings Per Share Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet income allocated to common shareholders\n\n \n$763\n\n \n$128\n\n \n$699\n\n \n$608\n\n \n$591\n\n \nAverage common shares outstanding (in thousands):\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nBasic\n\n \n911,613\n\n \n825,119\n\n \n664,384\n\n \n666,427\n\n \n670,787\n\n \nDiluted\n\n \n915,959\n\n \n830,274\n\n \n669,153\n\n \n670,878\n\n \n674,034\n\n \nEarnings per share, basic\n\n \n$0.84\n\n \n$0.16\n\n \n$1.05\n\n \n$0.91\n\n \n$0.88\n\n \nEarnings per share, diluted\n\n \n0.83\n\n \n0.15\n\n \n1.04\n\n \n0.91\n\n \n0.88\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommon Share Data \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCash dividends per common share\n\n \n$0.40\n\n \n$0.40\n\n \n$0.40\n\n \n$0.40\n\n \n$0.37\n\n \nBook value per share\n\n \n35.56\n\n \n35.24\n\n \n30.18\n\n \n29.26\n\n \n28.47\n\n \nMarket value per share\n\n \n56.37\n\n \n46.46\n\n \n46.81\n\n \n44.55\n\n \n41.13\n\n \nCommon shares outstanding (in thousands)\n\n \n906,573\n\n \n905,823\n\n \n661,198\n\n \n660,973\n\n \n667,710\n\n \nMarket capitalization\n\n \n$51,103\n\n \n$42,085\n\n \n$30,951\n\n \n$29,446\n\n \n$27,463\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nFinancial Ratios \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nReturn on average assets\n\n \n1.08%\n\n \n0.25%\n\n \n1.36%\n\n \n1.21%\n\n \n1.20%\n\n \nReturn on average common equity\n\n \n9.5%\n\n \n1.8%\n\n \n14.0%\n\n \n12.6%\n\n \n12.8%\n\n \nReturn on average tangible common equity (a) \n15.6%\n\n \n3.5%\n\n \n19.0%\n\n \n17.3%\n\n \n17.6%\n\n \nNoninterest income as a percent of total revenue (a) \n32%\n\n \n32%\n\n \n35%\n\n \n34%\n\n \n33%\n\n \nDividend payout\n\n \n47.6%\n\n \n250.0%\n\n \n38.1%\n\n \n44.0%\n\n \n42.0%\n\n \nAverage total Bancorp shareholders’ equity as a percent of average assets\n\n \n11.50%\n\n \n11.34%\n\n \n10.11%\n\n \n10.02%\n\n \n9.82%\n\n \nTangible common equity (a) \n8.30%\n\n \n8.26%\n\n \n8.46%\n\n \n8.29%\n\n \n8.38%\n\n \nNet interest margin (FTE) (a) \n3.36%\n\n \n3.30%\n\n \n3.13%\n\n \n3.13%\n\n \n3.12%\n\n \nEfficiency (FTE) (a) \n64.3%\n\n \n84.5%\n\n \n55.8%\n\n \n54.9%\n\n \n56.2%\n\n \nEffective tax rate\n\n \n22.7%\n\n \n20.1%\n\n \n19.8%\n\n \n22.6%\n\n \n22.2%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCredit Quality \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet losses charged-off (h) \n$135\n\n \n$144\n\n \n$125\n\n \n$339\n\n \n$139\n\n \nNet losses charged-off as a percent of average portfolio loans and leases (annualized)\n\n \n0.30%\n\n \n0.37%\n\n \n0.40%\n\n \n1.09%\n\n \n0.45%\n\n \nALLL as a percent of portfolio loans and leases\n\n \n1.63%\n\n \n1.66%\n\n \n1.84%\n\n \n1.84%\n\n \n1.97%\n\n \nACL as a percent of portfolio loans and leases (f) \n1.76%\n\n \n1.79%\n\n \n1.96%\n\n \n1.96%\n\n \n2.09%\n\n \nNonperforming portfolio assets as a percent of portfolio loans and leases and OREO\n\n \n0.60%\n\n \n0.57%\n\n \n0.65%\n\n \n0.65%\n\n \n0.72%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAverage Balances \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nLoans and leases, including held for sale\n\n \n$178,707\n\n \n$158,283\n\n \n$124,147\n\n \n$123,993\n\n \n$123,657\n\n \nSecurities and other short-term investments\n\n \n86,282\n\n \n79,678\n\n \n69,997\n\n \n69,507\n\n \n69,025\n\n \nAssets\n\n \n297,947\n\n \n265,551\n\n \n213,021\n\n \n211,770\n\n \n210,554\n\n \nTransaction deposits (b) \n216,113\n\n \n194,904\n\n \n155,895\n\n \n151,669\n\n \n150,881\n\n \nCore deposits (c) \n228,516\n\n \n206,545\n\n \n166,436\n\n \n162,510\n\n \n161,375\n\n \nWholesale funding (d) \n25,912\n\n \n21,551\n\n \n18,853\n\n \n21,821\n\n \n22,423\n\n \nBancorp shareholders’ equity\n\n \n34,260\n\n \n30,108\n\n \n21,527\n\n \n21,216\n\n \n20,670\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nRegulatory Capital Ratios (e) \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCET1 capital\n\n \n9.93%\n\n \n9.89%\n\n \n10.81%\n\n \n10.57%\n\n \n10.58%\n\n \nTier 1 risk-based capital\n\n \n10.81%\n\n \n10.79%\n\n \n11.87%\n\n \n11.63%\n\n \n11.85%\n\n \nTotal risk-based capital\n\n \n12.50%\n\n \n12.50%\n\n \n13.78%\n\n \n13.54%\n\n \n13.77%\n\n \nLeverage\n\n \n9.20%\n\n \n10.22%\n\n \n9.41%\n\n \n9.24%\n\n \n9.42%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAdditional Metrics \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nBanking centers\n\n \n1,500\n\n \n1,489\n\n \n1,130\n\n \n1,102\n\n \n1,089\n\n \nATMs\n\n \n2,648\n\n \n2,643\n\n \n2,199\n\n \n2,184\n\n \n2,170\n\n \nFull-time equivalent employees\n\n \n25,196\n\n \n25,980\n\n \n18,676\n\n \n18,476\n\n \n18,690\n\n \nAssets under care ($ in billions) (g) \n$902\n\n \n$865\n\n \n$690\n\n \n$681\n\n \n$657\n\n \nAssets under management ($ in billions) (g) \n128\n\n \n119\n\n \n80\n\n \n77\n\n \n73\n\n \n(a) \nNon-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27. (b) \nIncludes demand, interest checking, savings and money market deposits. (c) \nIncludes transaction deposits plus CDs $250,000 or less. (d) \nIncludes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt. (e) \nCurrent period regulatory capital ratios are estimates. (f) \nThe allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments. (g) \nAssets under management and assets under care include trust and brokerage assets. (h) \nExcludes net charge-offs of $111 million which were taken immediately at the time of acquisition. \nFifth Third Bancorp and Subsidiaries \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nConsolidated Statements of Income\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n$ in millions\n\n \nFor the Three Months Ended\n\n \n% Change\n\n \nYear to Date\n\n \n% Change\n\n \n(unaudited)\n\n \nJune\n\n \nMarch\n\n \nJune\n\n \n \n\n \n \n\n \nJune\n\n \nJune\n\n \n \n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \nSeq\n\n \nYr/Yr\n\n \n2026\n\n \n2025\n\n \nYr/Yr\n\n \nInterest Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterest and fees on loans and leases\n\n \n$2,607\n\n \n$2,293\n\n \n$1,881\n\n \n14%\n\n \n39%\n\n \n$4,900\n\n \n$3,696\n\n \n33%\n\n \nInterest on securities\n\n \n598\n\n \n501\n\n \n458\n\n \n19%\n\n \n31%\n\n \n1,099\n\n \n910\n\n \n21%\n\n \nInterest on other short-term investments\n\n \n167\n\n \n178\n\n \n145\n\n \n(6%)\n\n \n15%\n\n \n345\n\n \n311\n\n \n11%\n\n \nTotal interest income\n\n \n3,372\n\n \n2,972\n\n \n2,484\n\n \n13%\n\n \n36%\n\n \n6,344\n\n \n4,917\n\n \n29%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterest Expense \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterest on deposits\n\n \n891\n\n \n813\n\n \n732\n\n \n10%\n\n \n22%\n\n \n1,705\n\n \n1,476\n\n \n16%\n\n \nInterest on short-term borrowings\n\n \n38\n\n \n5\n\n \n61\n\n \n660%\n\n \n(38%)\n\n \n43\n\n \n119\n\n \n(64%)\n\n \nInterest on long-term debt\n\n \n228\n\n \n220\n\n \n196\n\n \n4%\n\n \n16%\n\n \n447\n\n \n390\n\n \n15%\n\n \nTotal interest expense\n\n \n1,157\n\n \n1,038\n\n \n989\n\n \n11%\n\n \n17%\n\n \n2,195\n\n \n1,985\n\n \n11%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet Interest Income \n2,215\n\n \n1,934\n\n \n1,495\n\n \n15%\n\n \n48%\n\n \n4,149\n\n \n2,932\n\n \n42%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nProvision for credit losses\n\n \n129\n\n \n227\n\n \n173\n\n \n(43%)\n\n \n(25%)\n\n \n356\n\n \n347\n\n \n3%\n\n \nNet Interest Income After Provision for Credit Losses \n2,086\n\n \n1,707\n\n \n1,322\n\n \n22%\n\n \n58%\n\n \n3,793\n\n \n2,585\n\n \n47%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nWealth and asset management revenue\n\n \n256\n\n \n233\n\n \n166\n\n \n10%\n\n \n54%\n\n \n489\n\n \n338\n\n \n45%\n\n \nCommercial payments revenue\n\n \n254\n\n \n218\n\n \n152\n\n \n17%\n\n \n67%\n\n \n472\n\n \n305\n\n \n55%\n\n \nConsumer banking revenue\n\n \n161\n\n \n146\n\n \n147\n\n \n10%\n\n \n10%\n\n \n307\n\n \n284\n\n \n8%\n\n \nCapital markets fees\n\n \n154\n\n \n134\n\n \n90\n\n \n15%\n\n \n71%\n\n \n287\n\n \n179\n\n \n60%\n\n \nCommercial banking revenue\n\n \n125\n\n \n105\n\n \n79\n\n \n19%\n\n \n58%\n\n \n230\n\n \n160\n\n \n44%\n\n \nMortgage banking net revenue\n\n \n39\n\n \n44\n\n \n56\n\n \n(11%)\n\n \n(30%)\n\n \n83\n\n \n113\n\n \n(27%)\n\n \nOther noninterest income\n\n \n50\n\n \n27\n\n \n44\n\n \n85%\n\n \n14%\n\n \n78\n\n \n58\n\n \n34%\n\n \nSecurities gains (losses), net\n\n \n20\n\n \n(12)\n\n \n16\n\n \nNM\n\n \n25%\n\n \n8\n\n \n7\n\n \n14%\n\n \nTotal noninterest income\n\n \n1,059\n\n \n895\n\n \n750\n\n \n18%\n\n \n41%\n\n \n1,954\n\n \n1,444\n\n \n35%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest Expense \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCompensation and benefits\n\n \n1,129\n\n \n1,410\n\n \n698\n\n \n(20%)\n\n \n62%\n\n \n2,539\n\n \n1,447\n\n \n75%\n\n \nTechnology and communications\n\n \n250\n\n \n204\n\n \n126\n\n \n23%\n\n \n98%\n\n \n453\n\n \n250\n\n \n81%\n\n \nNet occupancy expense\n\n \n154\n\n \n140\n\n \n83\n\n \n10%\n\n \n86%\n\n \n295\n\n \n171\n\n \n73%\n\n \nCard and processing expense\n\n \n66\n\n \n79\n\n \n22\n\n \n(16%)\n\n \n200%\n\n \n144\n\n \n43\n\n \n235%\n\n \nEquipment expense\n\n \n60\n\n \n55\n\n \n41\n\n \n9%\n\n \n46%\n\n \n115\n\n \n82\n\n \n40%\n\n \nLoan and lease expense\n\n \n53\n\n \n42\n\n \n36\n\n \n26%\n\n \n47%\n\n \n95\n\n \n66\n\n \n44%\n\n \nMarketing expense\n\n \n65\n\n \n50\n\n \n43\n\n \n30%\n\n \n51%\n\n \n114\n\n \n71\n\n \n61%\n\n \nOther noninterest expense\n\n \n332\n\n \n415\n\n \n215\n\n \n(20%)\n\n \n54%\n\n \n749\n\n \n438\n\n \n71%\n\n \nTotal noninterest expense\n\n \n2,109\n\n \n2,395\n\n \n1,264\n\n \n(12%)\n\n \n67%\n\n \n4,504\n\n \n2,568\n\n \n75%\n\n \nIncome Before Income Taxes \n1,036\n\n \n207\n\n \n808\n\n \n400%\n\n \n28%\n\n \n1,243\n\n \n1,461\n\n \n(15%)\n\n \nApplicable income tax expense\n\n \n235\n\n \n42\n\n \n180\n\n \n460%\n\n \n31%\n\n \n277\n\n \n319\n\n \n(13%)\n\n \nNet Income \n801\n\n \n165\n\n \n628\n\n \n385%\n\n \n28%\n\n \n966\n\n \n1,142\n\n \n(15%)\n\n \nDividends on preferred stock\n\n \n38\n\n \n37\n\n \n37\n\n \n3%\n\n \n3%\n\n \n75\n\n \n73\n\n \n3%\n\n \nNet Income Available to Common Shareholders \n$763\n\n \n$128\n\n \n$591\n\n \n496%\n\n \n29%\n\n \n$891\n\n \n$1,069\n\n \n(17%)\n\n \nFifth Third Bancorp and Subsidiaries \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nConsolidated Statements of Income\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n$ in millions\n\n \nFor the Three Months Ended\n\n \n(unaudited)\n\n \nJune\n\n \nMarch\n\n \nDecember\n\n \nSeptember\n\n \nJune\n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \n2025\n\n \n2025\n\n \nInterest Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterest and fees on loans and leases\n\n \n$2,607\n\n \n$2,293\n\n \n$1,862\n\n \n$1,909\n\n \n$1,881\n\n \nInterest on securities\n\n \n598\n\n \n501\n\n \n431\n\n \n444\n\n \n458\n\n \nInterest on other short-term investments\n\n \n167\n\n \n178\n\n \n175\n\n \n166\n\n \n145\n\n \nTotal interest income\n\n \n3,372\n\n \n2,972\n\n \n2,468\n\n \n2,519\n\n \n2,484\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterest Expense \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nInterest on deposits\n\n \n891\n\n \n813\n\n \n726\n\n \n750\n\n \n732\n\n \nInterest on short-term borrowings\n\n \n38\n\n \n5\n\n \n34\n\n \n61\n\n \n61\n\n \nInterest on long-term debt\n\n \n228\n\n \n220\n\n \n179\n\n \n188\n\n \n196\n\n \nTotal interest expense\n\n \n1,157\n\n \n1,038\n\n \n939\n\n \n999\n\n \n989\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNet Interest Income \n2,215\n\n \n1,934\n\n \n1,529\n\n \n1,520\n\n \n1,495\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nProvision for credit losses\n\n \n129\n\n \n227\n\n \n119\n\n \n197\n\n \n173\n\n \nNet Interest Income After Provision for Credit Losses \n2,086\n\n \n1,707\n\n \n1,410\n\n \n1,323\n\n \n1,322\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest Income \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nWealth and asset management revenue\n\n \n256\n\n \n233\n\n \n185\n\n \n181\n\n \n166\n\n \nCommercial payments revenue\n\n \n254\n\n \n218\n\n \n167\n\n \n157\n\n \n152\n\n \nConsumer banking revenue\n\n \n161\n\n \n146\n\n \n143\n\n \n144\n\n \n147\n\n \nCapital markets fees\n\n \n154\n\n \n134\n\n \n121\n\n \n115\n\n \n90\n\n \nCommercial banking revenue\n\n \n125\n\n \n105\n\n \n102\n\n \n87\n\n \n79\n\n \nMortgage banking net revenue\n\n \n39\n\n \n44\n\n \n56\n\n \n58\n\n \n56\n\n \nOther noninterest income\n\n \n50\n\n \n27\n\n \n42\n\n \n29\n\n \n44\n\n \nSecurities gains (losses), net\n\n \n20\n\n \n(12)\n\n \n(5)\n\n \n10\n\n \n16\n\n \nTotal noninterest income\n\n \n1,059\n\n \n895\n\n \n811\n\n \n781\n\n \n750\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nNoninterest Expense \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCompensation and benefits\n\n \n1,129\n\n \n1,410\n\n \n683\n\n \n685\n\n \n698\n\n \nTechnology and communications\n\n \n250\n\n \n204\n\n \n138\n\n \n128\n\n \n126\n\n \nNet occupancy expense\n\n \n154\n\n \n140\n\n \n89\n\n \n89\n\n \n83\n\n \nCard and processing expense\n\n \n66\n\n \n79\n\n \n27\n\n \n22\n\n \n22\n\n \nEquipment expense\n\n \n60\n\n \n55\n\n \n43\n\n \n44\n\n \n41\n\n \nLoan and lease expense\n\n \n53\n\n \n42\n\n \n41\n\n \n39\n\n \n36\n\n \nMarketing expense\n\n \n65\n\n \n50\n\n \n37\n\n \n34\n\n \n43\n\n \nOther noninterest expense\n\n \n332\n\n \n415\n\n \n251\n\n \n226\n\n \n215\n\n \nTotal noninterest expense\n\n \n2,109\n\n \n2,395\n\n \n1,309\n\n \n1,267\n\n \n1,264\n\n \nIncome Before Income Taxes \n1,036\n\n \n207\n\n \n912\n\n \n837\n\n \n808\n\n \nApplicable income tax expense\n\n \n235\n\n \n42\n\n \n181\n\n \n188\n\n \n180\n\n \nNet Income \n801\n\n \n165\n\n \n731\n\n \n649\n\n \n628\n\n \nDividends on preferred stock\n\n \n38\n\n \n37\n\n \n32\n\n \n41\n\n \n37\n\n \nNet Income Available to Common Shareholders \n$763\n\n \n$128\n\n \n$699\n\n \n$608\n\n \n$591\n\n \nFifth Third Bancorp and Subsidiaries \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nConsolidated Balance Sheets\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n$ in millions, except per share data\n\n \nAs of\n\n \n% Change\n\n \n(unaudited)\n\n \nJune\n\n \nMarch\n\n \nJune\n\n \n \n\n \n \n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \nSeq\n\n \nYr/Yr\n\n \nAssets \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCash and due from banks\n\n \n$4,374\n\n \n$4,084\n\n \n$2,972\n\n \n7%\n\n \n47%\n\n \nOther short-term investments\n\n \n19,350\n\n \n17,456\n\n \n13,043\n\n \n11%\n\n \n48%\n\n \nAvailable-for-sale debt and other securities (a) \n44,466\n\n \n46,161\n\n \n38,270\n\n \n(4%)\n\n \n16%\n\n \nHeld-to-maturity securities (b) \n18,404\n\n \n16,389\n\n \n11,630\n\n \n12%\n\n \n58%\n\n \nTrading debt securities\n\n \n1,853\n\n \n1,669\n\n \n1,324\n\n \n11%\n\n \n40%\n\n \nEquity securities\n\n \n495\n\n \n544\n\n \n404\n\n \n(9%)\n\n \n23%\n\n \nLoans and leases held for sale\n\n \n866\n\n \n1,365\n\n \n646\n\n \n(37%)\n\n \n34%\n\n \nPortfolio loans and leases:\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommercial and industrial loans\n\n \n85,736\n\n \n83,864\n\n \n53,312\n\n \n2%\n\n \n61%\n\n \nCommercial mortgage loans\n\n \n27,196\n\n \n27,143\n\n \n12,112\n\n \n—\n\n \n125%\n\n \nCommercial construction loans\n\n \n8,459\n\n \n8,329\n\n \n5,551\n\n \n2%\n\n \n52%\n\n \nCommercial leases\n\n \n3,489\n\n \n3,523\n\n \n3,177\n\n \n(1%)\n\n \n10%\n\n \nTotal commercial loans and leases\n\n \n124,880\n\n \n122,859\n\n \n74,152\n\n \n2%\n\n \n68%\n\n \nResidential mortgage loans\n\n \n19,713\n\n \n19,507\n\n \n17,681\n\n \n1%\n\n \n11%\n\n \nHome equity\n\n \n6,929\n\n \n6,735\n\n \n4,485\n\n \n3%\n\n \n54%\n\n \nIndirect secured consumer loans\n\n \n18,186\n\n \n18,296\n\n \n17,591\n\n \n(1%)\n\n \n3%\n\n \nCredit card\n\n \n1,683\n\n \n1,658\n\n \n1,707\n\n \n2%\n\n \n(1%)\n\n \nSolar energy installation loans\n\n \n4,314\n\n \n4,465\n\n \n4,316\n\n \n(3%)\n\n \n—\n\n \nOther consumer loans\n\n \n2,823\n\n \n2,730\n\n \n2,464\n\n \n3%\n\n \n15%\n\n \nTotal consumer loans\n\n \n53,648\n\n \n53,391\n\n \n48,244\n\n \n—\n\n \n11%\n\n \nPortfolio loans and leases\n\n \n178,528\n\n \n176,250\n\n \n122,396\n\n \n1%\n\n \n46%\n\n \nAllowance for loan and lease losses\n\n \n(2,918)\n\n \n(2,922)\n\n \n(2,412)\n\n \n—\n\n \n21%\n\n \nPortfolio loans and leases, net\n\n \n175,610\n\n \n173,328\n\n \n119,984\n\n \n1%\n\n \n46%\n\n \nBank premises and equipment\n\n \n3,343\n\n \n3,283\n\n \n2,560\n\n \n2%\n\n \n31%\n\n \nGoodwill\n\n \n9,990\n\n \n9,966\n\n \n4,918\n\n \n—\n\n \n103%\n\n \nIntangible assets\n\n \n1,253\n\n \n1,233\n\n \n75\n\n \n2%\n\n \nNM\n\n \nServicing rights\n\n \n1,607\n\n \n1,583\n\n \n1,629\n\n \n2%\n\n \n(1%)\n\n \nOther assets\n\n \n18,511\n\n \n19,978\n\n \n12,536\n\n \n(7%)\n\n \n48%\n\n \nTotal Assets \n$300,122\n\n \n$297,039\n\n \n$209,991\n\n \n1%\n\n \n43%\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nLiabilities \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nDeposits:\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nDemand\n\n \n$63,928\n\n \n$65,335\n\n \n$42,174\n\n \n(2%)\n\n \n52%\n\n \nInterest checking\n\n \n70,527\n\n \n72,425\n\n \n55,524\n\n \n(3%)\n\n \n27%\n\n \nSavings\n\n \n18,161\n\n \n18,610\n\n \n16,614\n\n \n(2%)\n\n \n9%\n\n \nMoney market\n\n \n65,932\n\n \n62,345\n\n \n36,586\n\n \n6%\n\n \n80%\n\n \nCDs $250,000 or less\n\n \n12,708\n\n \n11,807\n\n \n10,883\n\n \n8%\n\n \n17%\n\n \nCDs over $250,000\n\n \n2,885\n\n \n3,099\n\n \n2,426\n\n \n(7%)\n\n \n19%\n\n \nTotal deposits\n\n \n234,141\n\n \n233,621\n\n \n164,207\n\n \n—\n\n \n43%\n\n \nShort-term borrowings\n\n \n4,633\n\n \n1,289\n\n \n3,571\n\n \n259%\n\n \n30%\n\n \nAccrued taxes, interest and expenses\n\n \n3,024\n\n \n2,628\n\n \n1,970\n\n \n15%\n\n \n54%\n\n \nOther liabilities\n\n \n6,265\n\n \n6,642\n\n \n4,627\n\n \n(6%)\n\n \n35%\n\n \nLong-term debt\n\n \n17,636\n\n \n18,753\n\n \n14,492\n\n \n(6%)\n\n \n22%\n\n \nTotal Liabilities \n265,699\n\n \n262,933\n\n \n188,867\n\n \n1%\n\n \n41%\n\n \nEquity \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommon stock (c) \n2,585\n\n \n2,585\n\n \n2,051\n\n \n—\n\n \n26%\n\n \nPreferred stock\n\n \n2,182\n\n \n2,182\n\n \n2,116\n\n \n—\n\n \n3%\n\n \nCapital surplus\n\n \n15,603\n\n \n15,586\n\n \n3,794\n\n \n—\n\n \n311%\n\n \nRetained earnings\n\n \n25,645\n\n \n25,248\n\n \n24,718\n\n \n2%\n\n \n4%\n\n \nAccumulated other comprehensive loss\n\n \n(3,345)\n\n \n(3,234)\n\n \n(3,546)\n\n \n3%\n\n \n(6%)\n\n \nTreasury stock\n\n \n(8,247)\n\n \n(8,261)\n\n \n(8,009)\n\n \n—\n\n \n3%\n\n \nTotal Equity \n34,423\n\n \n34,106\n\n \n21,124\n\n \n1%\n\n \n63%\n\n \nTotal Liabilities and Equity \n$300,122\n\n \n$297,039\n\n \n$209,991\n\n \n1%\n\n \n43%\n\n \n(a) Amortized cost \n$47,623 \n$49,238 \n$41,731 \n(3%) \n14% \n(b) Market values \n18,259 \n16,341 \n11,547 \n12% \n58% \n(c) Common shares, stated value $2.22 per share (in thousands): \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAuthorized \n2,000,000 \n2,000,000 \n2,000,000 \n— \n— \nOutstanding, excluding treasury \n906,573 \n905,823 \n667,710 \n— \n— \nTreasury \n257,666 \n258,416 \n256,183 \n— \n— \nFifth Third Bancorp and Subsidiaries \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nConsolidated Balance Sheets\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n$ in millions, except per share data\n\n \nAs of\n\n \n(unaudited)\n\n \nJune\n\n \nMarch\n\n \nDecember\n\n \nSeptember\n\n \nJune\n\n \n \n\n \n2026\n\n \n2026\n\n \n2025\n\n \n2025\n\n \n2025\n\n \nAssets \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCash and due from banks\n\n \n$4,374\n\n \n$4,084\n\n \n$3,499\n\n \n$2,901\n\n \n$2,972\n\n \nOther short-term investments\n\n \n19,350\n\n \n17,456\n\n \n18,876\n\n \n17,215\n\n \n13,043\n\n \nAvailable-for-sale debt and other securities (a) \n44,466\n\n \n46,161\n\n \n36,159\n\n \n36,461\n\n \n38,270\n\n \nHeld-to-maturity securities (b) \n18,404\n\n \n16,389\n\n \n11,368\n\n \n11,498\n\n \n11,630\n\n \nTrading debt securities\n\n \n1,853\n\n \n1,669\n\n \n1,057\n\n \n1,266\n\n \n1,324\n\n \nEquity securities\n\n \n495\n\n \n544\n\n \n453\n\n \n287\n\n \n404\n\n \nLoans and leases held for sale\n\n \n866\n\n \n1,365\n\n \n733\n\n \n576\n\n \n646\n\n \nPortfolio loans and leases:\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommercial and industrial loans\n\n \n85,736\n\n \n83,864\n\n \n52,749\n\n \n53,947\n\n \n53,312\n\n \nCommercial mortgage loans\n\n \n27,196\n\n \n27,143\n\n \n12,228\n\n \n11,932\n\n \n12,112\n\n \nCommercial construction loans\n\n \n8,459\n\n \n8,329\n\n \n5,316\n\n \n5,326\n\n \n5,551\n\n \nCommercial leases\n\n \n3,489\n\n \n3,523\n\n \n3,269\n\n \n3,218\n\n \n3,177\n\n \nTotal commercial loans and leases\n\n \n124,880\n\n \n122,859\n\n \n73,562\n\n \n74,423\n\n \n74,152\n\n \nResidential mortgage loans\n\n \n19,713\n\n \n19,507\n\n \n17,652\n\n \n17,644\n\n \n17,681\n\n \nHome equity\n\n \n6,929\n\n \n6,735\n\n \n4,846\n\n \n4,678\n\n \n4,485\n\n \nIndirect secured consumer loans\n\n \n18,186\n\n \n18,296\n\n \n17,964\n\n \n17,885\n\n \n17,591\n\n \nCredit card\n\n \n1,683\n\n \n1,658\n\n \n1,747\n\n \n1,692\n\n \n1,707\n\n \nSolar energy installation loans\n\n \n4,314\n\n \n4,465\n\n \n4,560\n\n \n4,432\n\n \n4,316\n\n \nOther consumer loans\n\n \n2,823\n\n \n2,730\n\n \n2,320\n\n \n2,376\n\n \n2,464\n\n \nTotal consumer loans\n\n \n53,648\n\n \n53,391\n\n \n49,089\n\n \n48,707\n\n \n48,244\n\n \nPortfolio loans and leases\n\n \n178,528\n\n \n176,250\n\n \n122,651\n\n \n123,130\n\n \n122,396\n\n \nAllowance for loan and lease losses\n\n \n(2,918)\n\n \n(2,922)\n\n \n(2,253)\n\n \n(2,265)\n\n \n(2,412)\n\n \nPortfolio loans and leases, net\n\n \n175,610\n\n \n173,328\n\n \n120,398\n\n \n120,865\n\n \n119,984\n\n \nBank premises and equipment\n\n \n3,343\n\n \n3,283\n\n \n2,734\n\n \n2,655\n\n \n2,560\n\n \nGoodwill\n\n \n9,990\n\n \n9,966\n\n \n4,947\n\n \n4,947\n\n \n4,918\n\n \nIntangible assets\n\n \n1,253\n\n \n1,233\n\n \n69\n\n \n76\n\n \n75\n\n \nServicing rights\n\n \n1,607\n\n \n1,583\n\n \n1,598\n\n \n1,601\n\n \n1,629\n\n \nOther assets\n\n \n18,511\n\n \n19,978\n\n \n12,485\n\n \n12,555\n\n \n12,536\n\n \nTotal Assets \n$300,122\n\n \n$297,039\n\n \n$214,376\n\n \n$212,903\n\n \n$209,991\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nLiabilities \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nDeposits:\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nDemand\n\n \n$63,928\n\n \n$65,335\n\n \n$42,647\n\n \n$41,830\n\n \n$42,174\n\n \nInterest checking\n\n \n70,527\n\n \n72,425\n\n \n61,155\n\n \n57,239\n\n \n55,524\n\n \nSavings\n\n \n18,161\n\n \n18,610\n\n \n16,155\n\n \n16,110\n\n \n16,614\n\n \nMoney market\n\n \n65,932\n\n \n62,345\n\n \n39,285\n\n \n38,748\n\n \n36,586\n\n \nCDs $250,000 or less\n\n \n12,708\n\n \n11,807\n\n \n10,599\n\n \n10,667\n\n \n10,883\n\n \nCDs over $250,000\n\n \n2,885\n\n \n3,099\n\n \n1,978\n\n \n1,975\n\n \n2,426\n\n \nTotal deposits\n\n \n234,141\n\n \n233,621\n\n \n171,819\n\n \n166,569\n\n \n164,207\n\n \nShort-term borrowings\n\n \n4,633\n\n \n1,289\n\n \n926\n\n \n5,260\n\n \n3,571\n\n \nAccrued taxes, interest and expenses\n\n \n3,024\n\n \n2,628\n\n \n2,083\n\n \n1,943\n\n \n1,970\n\n \nOther liabilities\n\n \n6,265\n\n \n6,642\n\n \n4,235\n\n \n4,347\n\n \n4,627\n\n \nLong-term debt\n\n \n17,636\n\n \n18,753\n\n \n13,589\n\n \n13,677\n\n \n14,492\n\n \nTotal Liabilities \n265,699\n\n \n262,933\n\n \n192,652\n\n \n191,796\n\n \n188,867\n\n \nEquity \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nCommon stock (c) \n2,585\n\n \n2,585\n\n \n2,051\n\n \n2,051\n\n \n2,051\n\n \nPreferred stock\n\n \n2,182\n\n \n2,182\n\n \n1,770\n\n \n1,770\n\n \n2,116\n\n \nCapital surplus\n\n \n15,603\n\n \n15,586\n\n \n3,831\n\n \n3,813\n\n \n3,794\n\n \nRetained earnings\n\n \n25,645\n\n \n25,248\n\n \n25,488\n\n \n25,057\n\n \n24,718\n\n \nAccumulated other comprehensive loss\n\n \n(3,345)\n\n \n(3,234)\n\n \n(3,110)\n\n \n(3,276)\n\n \n(3,546)\n\n \nTreasury stock\n\n \n(8,247)\n\n \n(8,261)\n\n \n(8,306)\n\n \n(8,308)\n\n \n(8,009)\n\n \nTotal Equity \n34,423\n\n \n34,106\n\n \n21,724\n\n \n21,107\n\n \n21,124\n\n \nTotal Liabilities and Equity \n$300,122\n\n \n$297,039\n\n \n$214,376\n\n \n$212,903\n\n \n$209,991\n\n \n(a) Amortized cost \n$47,623 \n$49,238 \n$39,107 \n$39,617 \n$41,731 \n(b) Market values \n18,259 \n16,341 \n11,404 \n11,506 \n11,547 \n(c) Common shares, stated value $2.22 per share (in thousands): \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nAuthorized \n2,000,000 \n2,000,000 \n2,000,000 \n2,000,000 \n2,000,000 \nOutstanding, excluding treasury \n906,573 \n905,823 \n661,198 \n660,973 \n667,710 \nTreasury \n257,666 \n258,416 \n262,695 \n262,919 \n256,183 \nFifth Third Bancorp and Subsidiaries \n \n\n \n \n\n \n \n\n \n \n\n \nConsolidated Statements of Changes in Equity\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n$ in millions\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n(unaudited)\n\n \n \n\n \n \n\n \n \n\n \n \n\n \n \n\n \nFor the Three Months Ended\n\n \nYear to Date\n\n \n \n\n \nJune\n\n \nJune\n\n \nJune\n\n \nJune\n\n \n \n\n \n2026\n\n \n2025\n\n \n2026\n\n \n2025\n\n \nTotal Equity, Beginning \n$34,106\n\n \n$20,403\n\n \n$21,724\n\n \n$19,645\n\n \nNet income\n\n \n801\n\n \n628\n\n \n966\n\n \n1,142\n\n \nOther comprehensive (loss) income, net of tax:\n\n \n \n\n \n \n\n \n \n\n \n \n\n \nChange i...

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