Please wait


a53_logoxhorizontalxfullco.jpg

Fifth Third Bancorp Reports First Quarter 2026 Earnings
Core business momentum remains strong and Comerica acquisition meaningfully propels growth trajectory
Reported results included a net negative $0.68 impact from certain items on page 2
Key Financial DataKey Highlights
$ in millions for all balance sheet and income statement items
1Q26
4Q25
1Q25
       Successfully closed Comerica acquisition
Opening Balances as of February 1st:
•Total assets, including goodwill, of $86 billion
•Total loans of $51 billion
•Total deposits of $65 billion
   Stability:
•Solid credit performance. Net charge-offs(b) of 37 bps in 1Q26; lowest since 4Q23
•Funding mix strengthened; demand deposits increased from 25% of total deposits to 28%
•Tangible Common Equity(a) increased 11 bps to 7.3%
    Profitability:
•Net interest margin(a) expanded 17 bps sequentially
•Adjusted ROTCE ex. AOCI(a) improved 190 bps and adjusted ROA(a) improved 9 bps year-over-year
•Tangible book value per share(a) grew 15% year-over-year
    Growth:
•Newline deposits up $2.7B and fee revenues up 30% year-over-year
•Legacy Fifth Third consumer household growth of 3%, including 8% in the Southeast
•LOIs for 81 Texas branch locations executed or in process

Income Statement Data
Net income available to common shareholders$128$699$478
Net interest income (U.S. GAAP)1,9341,5291,437
Net interest income (FTE)(a)
1,9391,5331,442
Noninterest income895811694
Noninterest expense2,3951,3091,304
Per Share Data
Earnings per share, basic$0.16$1.05$0.71
Earnings per share, diluted0.151.040.71
Book value per share35.2430.1827.41
Tangible book value per share(a)
22.8822.6019.92
Balance Sheet & Credit Quality
Average portfolio loans and leases$157,632$123,430$121,272
Average deposits209,352168,384164,157
Accumulated other comprehensive loss(3,234)(3,110)(3,895)
Net charge-off ratio(b)
0.37%0.40%0.46%
Nonperforming asset ratio(c)
0.570.650.81
Financial Ratios
Return on average assets0.25%1.36%0.99%
Return on average common equity1.814.010.8
Return on average tangible common equity(a)
3.519.015.2
CET1 capital(d)
9.9610.8110.43
Net interest margin(a)
3.303.133.03
Efficiency(a)
84.555.861.0
Other 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.
From Tim Spence, Fifth Third Chairman, CEO and President:
The first quarter reflected continued momentum across Fifth Third. We delivered strong loan and deposit growth, driven by new commercial relationships and continued household expansion. We closed the acquisition of Comerica on February 1st, and early financial benefits are already showing up, including strong net interest margin expansion and tangible book value per share growth.

Integration is progressing as we expected. We have integrated the combined management teams and are retaining key customer‑facing colleagues, supporting continuity for clients as we move forward as one organization. We are also seeing early revenue synergies across both commercial and consumer businesses.

Our focus is unchanged: stability, profitability, and growth, in that order. Disciplined execution will drive growth and deepen client relationships as we expand in our attractive footprint markets, while maintaining strong credit performance and delivering the expected financial synergies from Comerica. We are building a better and more resilient institution and remain committed to delivering consistent, long-term value for shareholders.

Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 April 17, 2026

Income Statement Highlights
($ in millions, except per share data)For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Condensed Statements of Income
Net interest income (NII)(a)
$1,939$1,533$1,44226%34%
Provision for credit losses22711917491%30%
Noninterest income89581169410%29%
Noninterest expense2,3951,3091,30483%84%
Income before income taxes(a)
$212$916$658(77)%(68)%
Taxable equivalent adjustment$5$4$525%—
Applicable income tax expense42181138(77)%(70)%
Net income$165$731$515(77)%(68)%
Dividends on preferred stock37323716%—
Net income available to common shareholders$128$699$478(82)%(73)%
Earnings per share, diluted$0.15$1.04$0.71(86)%(79)%
Fifth Third Bancorp (NASDAQ®: FITB) today reported first quarter 2026 net income available to common shareholders of $128 million, or $0.15 per diluted share, compared to $699 million, or $1.04 per diluted share, in the prior quarter and $478 million, or $0.71 per diluted share, in the year-ago quarter.
On February 1, 2026, Fifth Third completed the acquisition of Comerica Incorporated in an all-stock transaction valued at approximately $12.7 billion. First quarter results include two months of activity for Comerica.

Diluted earnings per share impact of certain item(s) - 1Q26
(after-tax impact; $ in millions, except per share data)
Merger-related charges(e)1,2
$(510)
Merger-related Day 1 ACL build(e)
(63)
Interchange litigation matters(e)
6
After-tax impact of certain item(s)
$(567)
Diluted earnings per share impact of certain item(s)3
$(0.68)
Totals may not foot due to rounding; 1A portion of the adjustments related to merger-related expenses are not tax-deductible; 2Pre-tax merger-related charges increased noninterest expense by $635 million and decreased noninterest income by $22 million; 3Diluted earnings per share impact reflects 830.274 million average diluted shares outstanding
2

Net Interest Income
(FTE; $ in millions)(a)
For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Interest Income
Interest income$2,977 $2,472 $2,437 20%22%
Interest expense1,03893999511%4%
Net interest income (NII)$1,939 $1,533 $1,442 26%34%
Average Yield/Rate Analysisbps Change
Yield on interest-earning assets5.07%5.05%5.13%2(6)
Rate paid on interest-bearing liabilities2.44%2.60%2.80%(16)(36)
Ratios
Net interest rate spread2.63%2.45%2.33%1830
Net interest margin (NIM)
3.30%3.13%3.03%1727
Fully taxable-equivalent (FTE) NII of $1.939 billion increased $406 million, or 26%, compared to the prior quarter. This improvement primarily reflects contributions from the Comerica acquisition, lower funding costs and disciplined balance sheet management. These benefits were partially offset by the impact of market rates on floating rate loans and lower day count. These same factors contributed to the 17 bps increase in NIM compared to the prior quarter. Purchase accounting accretion contributed approximately $38 million to net interest income in the quarter.
Compared to the year-ago quarter, NII increased $497 million, or 34%, and NIM increased 27 bps. This improvement was driven by the addition of Comerica earning assets and lower funding costs, partially offset by lower market rates impacting earning asset yields.

3

Noninterest Income
($ in millions)For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Noninterest Income
Wealth and asset management revenue$233$185$17226%35%
Commercial payments revenue21816715331%42%
Consumer banking revenue1461431372%7%
Capital markets fees1341219011%49%
Commercial banking revenue105102803%31%
Mortgage banking net revenue445657(21)%(23)%
Other noninterest income274214(36)%93%
Securities losses, net(12)(5)(9)140%33%
Total noninterest income$895$811$69410%29%
Noninterest income of $895 million increased $84 million, or 10%, from the prior quarter and increased $201 million, or 29%, from the year-ago quarter. Both comparisons reflect two months of results from Comerica in the quarter. The reported results reflect the impact of certain items in the table below, including securities gains/losses which incorporate mark-to-market impacts from securities associated with non-qualified deferred compensation plans that are offset in noninterest expense.
Noninterest Income excluding certain items
($ in millions)For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)$895 $811 $694 
Merger-related charges22——
Interchange litigation matters(8)818
Litigation settlements—(12)—
Securities losses, net1259
Noninterest income excluding certain items(a)
$921 $812 $72113%28% 
Noninterest income excluding certain items of $921 million increased $109 million, or 13%, compared to the prior quarter and increased $200 million, or 28%, from the year-ago quarter.
Comparisons to the prior and year-ago quarters were primarily driven by merger‑related impacts with additional incremental contributions from positive business momentum. Wealth and asset management revenue totaled $233 million, supported by seasonal tax‑related revenue and higher personal asset management revenue. Commercial payments revenue was $218 million, reflecting continued strength in core treasury services. Capital markets fees of $134 million were driven by client financial risk management revenue. Commercial banking revenue totaled $105 million, reflecting higher commercial lending‑related fees. Mortgage banking net revenue was $44 million, reflecting lower MSR net valuation adjustments.






4

Noninterest Expense
($ in millions)For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Noninterest Expense
Compensation and benefits$1,410$683$750106%88%
Technology and communications20413812348%66%
Net occupancy expense140898757%61%
Card and processing expense792721193%276%
Equipment expense55434228%31%
Loan and lease expense4241302%40%
Marketing expense50372835%79%
Other noninterest expense41525122365%86%
Total noninterest expense$2,395$1,309$1,30483%84%
Noninterest expense of $2.395 billion increased 83% from the prior quarter and increased 84% from the year-ago quarter. Both comparisons include two months of Comerica results in the quarter and the reported results reflect the impact of certain items in the table below.
Noninterest Expense excluding certain item(s)
($ in millions)For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Noninterest Expense excluding certain item(s)
Noninterest expense (U.S. GAAP)$2,395 $1,309 $1,304 
Merger-related charges(635)(13)—
Fifth Third Foundation contribution—(50)—
FDIC special assessment—25—
Interchange litigation matters—(3)—
Noninterest expense excluding certain item(s)(a)
$1,760 $1,268 $1,30439%35%
Non-qualified deferred compensation benefit954
Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a)
$1,769$1,273$1,30839%35%

Noninterest expense excluding certain items and non-qualified deferred compensation of $1.769 billion increased 39% compared to the prior quarter and increased 35% from the year-ago quarter. Expenses in the quarter were impacted by ongoing costs associated with the merger and seasonal-related increases in compensation and benefits. Merger-related expenses of $635 million noted above represent approximately half of the expected full-year charges.
5

Average Interest-Earning Assets
($ in millions)For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans$73,264 $53,947 $53,401 36%37%
Commercial mortgage loans21,96912,07912,36882%78%
Commercial construction loans7,2785,3995,79735%26%
Commercial leases3,3473,1723,1106%8%
Total commercial loans and leases$105,858$74,597$74,67642%42%
Consumer loans:
Residential mortgage loans$18,848$17,660$17,5527%7%
Home equity6,0644,7694,22227%44%
Indirect secured consumer loans18,10517,87916,4761%10%
Credit card1,6591,6941,627(2)%2%
Solar energy installation loans4,5164,4864,2211%7%
Other consumer loans2,5822,3452,49810%3%
Total consumer loans$51,774$48,833$46,5966%11%
Total average portfolio loans and leases$157,632 $123,430 $121,272 28%30%
Average Loans and Leases Held for Sale
Commercial loans and leases held for sale$85$19$64347%33%
Consumer loans held for sale566698428(19)%32%
Total average loans and leases held for sale$651$717$492(9)%32%
Total average loans and leases$158,283$124,147$121,76427%30%
Securities (taxable and tax-exempt)$59,950$52,512$56,59814%6%
Other short-term investments19,72817,48514,44613%37%
Total average interest-earning assets$237,961$194,144$192,80823%23%
Compared to the prior quarter, total average portfolio loans and leases of $158 billion increased 28% and average commercial portfolio loans and leases of $106 billion increased 42%. Compared to the year-ago quarter, total average portfolio loans and leases increased 30% and average commercial portfolio loans and leases increased 42%. In each comparison the growth was primarily driven by commercial loans and leases acquired from Comerica.

Compared to the prior quarter, average consumer portfolio loans of $52 billion increased 6%. On a year-over-year basis, average consumer portfolio loans increased 11%. Growth in both periods primarily reflected consumer loans acquired from Comerica, with additional growth due to strong production in indirect secured consumer loans.

Average securities (taxable and tax-exempt; amortized cost) of $60 billion in the current quarter increased 14% compared to the prior quarter and 6% compared to the year-ago quarter. Growth in both periods primarily reflected securities acquired from Comerica. Average other short-term investments (including interest-bearing cash) of $20 billion in the current quarter increased 13% compared to the prior quarter and increased 37% compared to the year-ago quarter.
6

End of Period Interest-Earning Assets
($ in millions)As of% Change
MarchDecemberMarch
202620252025SeqYr/Yr
End of Period Portfolio Loans and Leases
Total commercial loans and leases$122,859$73,562$75,13767%64%
Total consumer loans53,39149,08947,0549%13%
Total portfolio loans and leases$176,250$122,651$122,191 44%44%
End of Period Loans and Leases Held for Sale
Total loans and leases held for sale$1,365$733$47386%189%
Total loans and leases$177,615$123,384$122,66444%45%
Securities (taxable and tax-exempt)$67,823$51,961$56,32331%20%
Other short-term investments17,45618,87614,965(8)%17%
Total interest-earning assets$262,894$194,221$193,95235%36%
Period-end commercial portfolio loans and leases of $123 billion increased 67% and 64% compared to the prior and year-ago quarters, respectively. Growth in both comparisons primarily reflecting $46.5 billion of commercial loans and leases acquired from Comerica. Strong loan production and a rebound in line utilization also contributed to quarterly growth.
Period-end consumer portfolio loans of $53 billion increased 9% compared to the prior quarter and 13% compared to the year-ago quarter, both primarily driven by $4.1 billion of consumer loans acquired from Comerica.
Total period-end securities (taxable and tax-exempt; amortized cost) of $68 billion in the current quarter increased 31% compared to the prior quarter and increased 20% compared to the year-ago quarter. Securities growth in the quarter included $11.2 billion acquired from Comerica. Period-end other short-term investments of approximately $17 billion decreased 8% compared to the prior quarter and increased 17% compared to the year-ago quarter.
Average Deposits
($ in millions)For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Average Deposits
Demand$55,770 $41,771 $39,788 34%40%
Interest checking67,36958,61257,96415%16%
Savings17,54616,10317,2269%2%
Money market
54,21939,40936,45338%49%
Total transaction deposits$194,904$155,895$151,43125%29%
CDs $250,000 or less
11,64110,54110,38010%12%
Total core deposits$206,545$166,436$161,81124%28%
CDs over $250,0001
2,8071,9482,34644%20%
Total average deposits$209,352 $168,384 $164,157 24%28%
1CDs over $250,000 includes $0.4BN, $0.8BN, and $1.3BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 3/31/26, 12/31/25, and 3/31/25, respectively.
Total average deposits of $209 billion increased 24% compared to the prior quarter and period-end total deposits of $234 billion increased 36%. Compared to the year-ago quarter, total average deposits increased 28% and period-end total deposits increased 41%. In both comparisons the increase reflects $65.2 billion of deposits acquired from Comerica. Growth in high quality, low-cost deposits remains a key strategic priority to further enhance the deposit base.
The period-end portfolio loan-to-core deposit ratio was 76% in the current quarter, compared to 72% in the prior quarter and 75% in the year-ago quarter.
7


Average Wholesale Funding
($ in millions)For the Three Months Ended% Change
MarchDecemberMarch
202620252025SeqYr/Yr
Average Wholesale Funding
CDs over $250,0001
$2,807 $1,948 $2,346 44%20%
Federal funds purchased178204194(13)%(8)%
Securities sold under repurchase agreements322365286(12)%13%
FHLB advances992,5524,767(96)%(98)%
Derivative collateral and other secured borrowings838484(1)%(1)%
Long-term debt18,06213,70014,58532%24%
Total average wholesale funding$21,551$18,853$22,26214%(3)%
1CDs over $250,000 includes $0.4BN, $0.8BN, and $1.3BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 3/31/26, 12/31/25, and 3/31/25, respectively.
Average wholesale funding of $22 billion increased 14% compared to the prior quarter, driven by an increase in long-term debt reflecting the $5.5 billion acquired from Comerica and the $2 billion issuance in January 2026, partially offset by a decrease in FHLB advances. The 3% decrease in average wholesale funding compared to the year-ago quarter was primarily attributable to a decrease in FHLB advances, partially offset by an increase in long-term debt.
8

Credit Quality Summary
($ in millions)As of and For the Three Months Ended
MarchDecemberSeptemberJuneMarch
20262025202520252025
Total nonaccrual portfolio loans and leases (NPLs)$960$767$768$853$966
Repossessed property11111289
OREO2819212521
Total nonperforming portfolio loans and leases and OREO (NPAs)$999$797$801$886$996
NPL ratio(f)
0.54%0.62%0.62%0.70%0.79%
NPA ratio(c)
0.57%0.65%0.65%0.72%0.81%
Portfolio loans and leases 30-89 days past due (accrual)$683$360$348$277$385
Portfolio loans and leases 90 days past due (accrual)4930293433
30-89 days past due as a % of portfolio loans and leases0.39%0.29%0.28%0.23%0.31%
90 days past due as a % of portfolio loans and leases0.03%0.02%0.02%0.03%0.03%
Allowance for loan and lease losses (ALLL), beginning$2,253 $2,265 $2,412 $2,384 $2,352 
Total net losses charged-off(144)(125)(339)(139)(136)
Provision for loan and lease losses152113192167168
Allowance on PCD loans and leases at acquisition180————
Allowance on PSLs at acquisition481————
ALLL, ending$2,922$2,253$2,265$2,412$2,384
Reserve for unfunded commitments, beginning$157$151$146$140$134
Provision for the reserve for unfunded commitments756566
Reserve for unfunded commitments, ending$232$157$151$146$140
Total allowance for credit losses (ACL)$3,154 $2,410 $2,416 $2,558 $2,524 
ACL ratios:
As a % of portfolio loans and leases1.79% 1.96% 1.96% 2.09% 2.07% 
As a % of nonperforming portfolio loans and leases328% 314% 314% 300% 261% 
As a % of nonperforming portfolio assets316% 302% 302% 289% 253% 
ALLL as a % of portfolio loans and leases1.66%1.84%1.84%1.97%1.95%
Total losses charged-off$(187)$(177)$(382)$(194)$(173)
Total recoveries of losses previously charged-off4352435537
Total net losses charged-off1
$(144)$(125)$(339)$(139)$(136)
Net charge-off ratio (NCO ratio)(b)1
0.37%0.40%1.09%0.45%0.46%
Commercial NCO ratio0.26%0.27%1.46%0.38%0.35%
Consumer NCO ratio0.58%0.59%0.52%0.56%0.63%
1Excludes net charge-offs of $21 million which were taken immediately at the time of merger.
The provision for credit losses totaled $227 million in the current quarter and included approximately $83 million of provision expense to establish part of the Day 1 allowance for Comerica. The total Day 1 allowance for credit losses established due to the Comerica acquisition was $744 million, with the allowance primarily established through purchase accounting. The ACL ratio represented 1.79% of total portfolio loans and leases at quarter end, down 17 bps from the prior quarter and down 28 bps from the year-ago quarter. The ACL coverage ratio increased to 328% of nonperforming portfolio loans and leases and 316% of nonperforming portfolio assets.
9

Net charge-offs totaled $144 million in the current quarter, up $19 million from the prior quarter and the NCO ratio decreased 3 bps to 0.37%. Commercial net charge-offs were $69 million, with a commercial NCO ratio of 0.26%, down 1 bp from the prior quarter. Consumer net charge-offs were $75 million, with a consumer NCO ratio of 0.58%, down 1 bp from the prior quarter.
Compared to the year-ago quarter, net charge-offs increased $8 million and the NCO ratio decreased 9 bps. The commercial NCO ratio decreased 9 bps, and the consumer NCO ratio decreased 5 bps compared to the prior year.
Nonperforming portfolio loans and leases totaled $960 million in the current quarter, representing an NPL ratio of 0.54%, compared to 0.62% in the prior quarter and 0.79% in the year-ago quarter. Nonperforming portfolio assets totaled $999 million in the current quarter, resulting in an NPA ratio of 0.57%, compared to 0.65% in the prior quarter and 0.81% in the year-ago quarter.

Capital Position
As of and For the Three Months Ended
MarchDecemberSeptemberJuneMarch
20262025202520252025
Capital Position
Average total Bancorp shareholders' equity as a % of average assets
11.34%10.11%10.02%9.82%9.50%
Tangible equity(a)
9.01%9.28%9.12%9.39%9.07%
Tangible common equity (excluding AOCI)(a)
8.26%8.46%8.29%8.38%8.07%
Tangible common equity (including AOCI)(a)
7.25%7.14%6.89%6.84%6.40%
Regulatory Capital Ratios(d)
CET1 capital
9.96%10.81%10.57%10.58%10.43%
Tier 1 risk-based capital
10.86%11.87%11.63%11.85%11.71%
Total risk-based capital
12.56%13.78%13.54%13.77%13.63%
Leverage10.20%9.41%9.24%9.42%9.23%
CET1 capital ratio of 9.96% decreased 85 bps sequentially, primarily reflecting capital impacts from the Comerica acquisition, including approximately $12.3 billion of common equity issued as consideration for the merger, $6.2 billion of goodwill and intangibles, $73 billion of risk-weighted assets, and $740 million of pre-tax merger-related impacts. There was no share repurchase activity in the first quarter of 2026.

10

Tax Rate
The effective tax rate for the quarter was 20.1% compared with 19.8% in the prior quarter and 21.2% in the year-ago quarter.
Conference Call
Fifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Us” then “Investor Relations”). Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address, which will be available for 30 days.
Corporate Profile
Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

Earnings Release End Notes
(a)Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 26.
(b)Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis.
(c)Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO.
(d)Current period regulatory capital ratios are estimated.
(e)Assumes a 24% tax rate.
(f)Nonperforming portfolio loans and leases as a percent of portfolio loans and leases.



11


FORWARD-LOOKING STATEMENTS

This release contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements other than statements of historical fact are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission (“SEC”).

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) any instability or disruption in the financial system, including those caused by actual or perceived issues affecting the soundness of other financial institutions or market participants; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements, including the use of artificial intelligence; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments; and (46) risks relating to the merger with Comerica Incorporated, including Fifth Third’s inability to realize the anticipated benefits of the merger and potential disruption to Fifth Third’s business resulting from post-merger integration.

You should refer to our periodic and current reports filed with the 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.
# # #


12

a53_logoxhorizontalxfullco.jpg
Quarterly Financial Review for March 31, 2026

Table of Contents


Financial Highlights14-15
Consolidated Statements of Income16-17
Consolidated Balance Sheets18-19
Consolidated Statements of Changes in Equity20
Average Balance Sheets and Yield/Rate Analysis21
Summary of Loans and Leases22
Regulatory Capital23
Summary of Credit Loss Experience24
Asset Quality25
Non-GAAP Reconciliation26-28
Segment Presentation29


13

Fifth Third Bancorp and Subsidiaries
Financial HighlightsAs of and For the Three Months Ended% / bps
$ in millions, except per share dataChange
(unaudited)MarchDecemberMarch
202620252025SeqYr/Yr
Income Statement Data
Net interest income$1,934$1,529$1,43726%35%
Net interest income (FTE)(a)
1,9391,5331,44226%34%
Noninterest income89581169410%29%
Total revenue (FTE)(a)
2,8342,3442,13621%33%
Provision for credit losses22711917491%30%
Noninterest expense2,3951,3091,30483%84%
Net income165731515(77%)(68%)
Net income available to common shareholders128699478(82%)(73%)
Earnings Per Share Data
Net income allocated to common shareholders$128$699$478(82%)(73%)
Average common shares outstanding (in thousands):
Basic825,119664,384671,05224%23%
Diluted830,274669,153676,04024%23%
Earnings per share, basic$0.16$1.05$0.71(85%)(77%)
Earnings per share, diluted0.151.040.71(86%)(79%)
Common Share Data
Cash dividends per common share$0.40$0.40$0.37—8%
Book value per share35.2430.1827.4117%29%
Market value per share46.4646.8139.20(1%)19%
Common shares outstanding (in thousands)905,823661,198667,27237%36%
Market capitalization$42,085$30,951$26,15736%61%
Financial Ratios
Return on average assets0.25%1.36%0.99%(111)(74)
Return on average common equity1.8%14.0%10.8%NM(900)
Return on average tangible common equity(a)
3.5%19.0%15.2%NMNM
Noninterest income as a percent of total revenue(a)
32%35%32%(300)—
Dividend payout250.0%38.1%52.1%NMNM
Average total Bancorp shareholders’ equity as a percent of average assets
11.34%10.11%9.50%123184
Tangible common equity(a)
8.26%8.46%8.07%(20)19
Net interest margin (FTE)(a)
3.30%3.13%3.03%1727
Efficiency (FTE)(a)
84.5%55.8%61.0%NMNM
Effective tax rate20.1%19.8%21.2%30(110)
Credit Quality
Net losses charged-off(h)
$144$125$13615%6%
Net losses charged-off as a percent of average portfolio loans and leases (annualized)0.37%0.40%0.46%(3)(9)
ALLL as a percent of portfolio loans and leases1.66%1.84%1.95%(18)(29)
ACL as a percent of portfolio loans and leases(f)
1.79%1.96%2.07%(17)(28)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO0.57%0.65%0.81%(8)(24)
Average Balances
Loans and leases, including held for sale$158,283$124,147$121,76427%30%
Securities and other short-term investments79,67869,99771,04414%12%
Assets265,551213,021210,55825%26%
Transaction deposits(b)
194,904155,895151,43125%29%
Core deposits(c)
206,545166,436161,81124%28%
Wholesale funding(d)
21,55118,85322,26214%(3%)
Bancorp shareholders' equity
30,10821,52720,00040%51%
Regulatory Capital Ratios(e)
CET1 capital
9.96%10.81%10.43%(85)(47)
Tier 1 risk-based capital
10.86%11.87%11.71%(101)(85)
Total risk-based capital
12.56%13.78%13.63%(122)(107)
Leverage10.20%9.41%9.23%7997
Additional Metrics
Banking centers1,4891,1301,08432%37%
ATMs2,6432,1992,06920%28%
Full-time equivalent employees25,98018,67618,78639%38%
Assets under care ($ in billions)(g)
$746$690$6398%17%
Assets under management ($ in billions)(g)
119806849%75%
(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 26.
(b)Includes demand, interest checking, savings and money market deposits..
(c)Includes transaction deposits plus CDs $250,000 or less.
(d)Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.
(e)Current period regulatory capital ratios are estimates.
(f)The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.
(g)Assets under management and assets under care include trust and brokerage assets.
(h)Excludes net charge-offs of $21 million which were taken immediately at the time of merger.


14

Fifth Third Bancorp and Subsidiaries
Financial Highlights
$ in millions, except per share dataAs of and For the Three Months Ended
(unaudited)MarchDecemberSeptemberJuneMarch
20262025202520252025
Income Statement Data
Net interest income$1,934$1,529$1,520$1,495$1,437
Net interest income (FTE)(a)
1,9391,5331,5251,5001,442
Noninterest income895811781750694
Total revenue (FTE)(a)
2,8342,3442,3062,2502,136
Provision for credit losses227119197173174
Noninterest expense2,3951,3091,2671,2641,304
Net income165731649628515
Net income available to common shareholders128699608591478
Earnings Per Share Data
Net income allocated to common shareholders$128$699$608$591$478
Average common shares outstanding (in thousands):
Basic825,119664,384666,427670,787671,052
Diluted830,274669,153670,878674,034676,040
Earnings per share, basic$0.16$1.05$0.91$0.88$0.71
Earnings per share, diluted0.151.040.910.880.71
Common Share Data
Cash dividends per common share$0.40$0.40$0.40$0.37$0.37
Book value per share35.2430.1829.2628.4727.41
Market value per share46.4646.8144.5541.1339.20
Common shares outstanding (in thousands)905,823661,198660,973667,710667,272
Market capitalization$42,085$30,951$29,446$27,463$26,157
Financial Ratios
Return on average assets0.25%1.36%1.21%1.20%0.99%
Return on average common equity1.8%14.0%12.6%12.8%10.8%
Return on average tangible common equity(a)
3.5%19.0%17.3%17.6%15.2%
Noninterest income as a percent of total revenue(a)
32%35%34%33%32%
Dividend payout250.0%38.1%44.0%42.0%52.1%
Average total Bancorp shareholders’ equity as a percent of average assets
11.34%10.11%10.02%9.82%9.50%
Tangible common equity(a)
8.26%8.46%8.29%8.38%8.07%
Net interest margin (FTE)(a)
3.30%3.13%3.13%3.12%3.03%
Efficiency (FTE)(a)
84.5%55.8%54.9%56.2%61.0%
Effective tax rate20.1%19.8%22.6%22.2%21.2%
Credit Quality
Net losses charged-off(h)
$144$125$339$139$136
Net losses charged-off as a percent of average portfolio loans and leases (annualized)0.37%0.40%1.09%0.45%0.46%
ALLL as a percent of portfolio loans and leases1.66%1.84%1.84%1.97%1.95%
ACL as a percent of portfolio loans and leases(f)
1.79%1.96%1.96%2.09%2.07%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO0.57%0.65%0.65%0.72%0.81%
Average Balances
Loans and leases, including held for sale$158,283$124,147$123,993$123,657$121,764
Securities and other short-term investments79,67869,99769,50769,02571,044
Assets265,551213,021211,770210,554210,558
Transaction deposits(b)
194,904155,895151,669150,881151,431
Core deposits(c)
206,545166,436162,510161,375161,811
Wholesale funding(d)
21,55118,85321,82122,42322,262
Bancorp shareholders’ equity
30,10821,52721,21620,67020,000
Regulatory Capital Ratios(e)
CET1 capital
9.96%10.81%10.57%10.58%10.43%
Tier 1 risk-based capital
10.86%11.87%11.63%11.85%11.71%
Total risk-based capital
12.56%13.78%13.54%13.77%13.63%
Leverage10.20%9.41%9.24%9.42%9.23%
Additional Metrics
Banking centers1,4891,1301,1021,0891,084
ATMs2,6432,1992,1842,1702,069
Full-time equivalent employees25,98018,67618,47618,69018,786
Assets under care ($ in billions)(g)
$746$690$681$657$639
Assets under management ($ in billions)(g)
11980777368
(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 26.
(b)Includes demand, interest checking, savings and money market deposits.
(c)Includes transaction deposits plus CDs $250,000 or less.
(d)Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.
(e)Current period regulatory capital ratios are estimates.
(f)The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.
(g)Assets under management and assets under care include trust and brokerage assets.
(h)Excludes net charge-offs of $21 million which were taken immediately at the time of merger.

15

Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millionsFor the Three Months Ended% Change
(unaudited)MarchDecemberMarch
202620252025SeqYr/Yr
Interest Income
Interest and fees on loans and leases$2,293$1,862$1,81623%26%
Interest on securities50143145116%11%
Interest on other short-term investments1781751652%8%
Total interest income2,9722,4682,43220%22%
Interest Expense
Interest on deposits81372674312%9%
Interest on short-term borrowings
53458(85%)(91%)
Interest on long-term debt22017919423%13%
Total interest expense1,03893999511%4%
Net Interest Income1,9341,5291,43726%35%
Provision for credit losses22711917491%30%
Net Interest Income After Provision for Credit Losses1,7071,4101,26321%35%
Noninterest Income
Wealth and asset management revenue23318517226%35%
Commercial payments revenue21816715331%42%
Consumer banking revenue1461431372%7%
Capital markets fees1341219011%49%
Commercial banking revenue105102803%31%
Mortgage banking net revenue445657(21%)(23%)
Other noninterest income274214(36%)93%
Securities losses, net(12)(5)(9)140%33%
Total noninterest income89581169410%29%
Noninterest Expense
Compensation and benefits1,410683750106%88%
Technology and communications20413812348%66%
Net occupancy expense140898757%61%
Card and processing expense792721193%276%
Equipment expense55434228%31%
Loan and lease expense4241302%40%
Marketing expense50372835%79%
Other noninterest expense41525122365%86%
Total noninterest expense2,3951,3091,30483%84%
Income Before Income Taxes207912653(77%)(68%)
Applicable income tax expense42181138(77%)(70%)
Net Income165731515(77%)(68%)
Dividends on preferred stock37323716%—
Net Income Available to Common Shareholders$128$699$478(82%)(73%)

16

Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millionsFor the Three Months Ended
(unaudited)MarchDecemberSeptemberJuneMarch
20262025202520252025
Interest Income
Interest and fees on loans and leases$2,293$1,862$1,909$1,881$1,816
Interest on securities501431444458451
Interest on other short-term investments178175166145165
Total interest income2,9722,4682,5192,4842,432
Interest Expense
Interest on deposits813726750732743
Interest on short-term borrowings
534616158
Interest on long-term debt220179188196194
Total interest expense1,038939999989995
Net Interest Income1,9341,5291,5201,4951,437
Provision for credit losses227119197173174
Net Interest Income After Provision for Credit Losses1,7071,4101,3231,3221,263
Noninterest Income
Wealth and asset management revenue233185181166172
Commercial payments revenue218167157152153
Consumer banking revenue146143144147137
Capital markets fees1341211159090
Commercial banking revenue105102877980
Mortgage banking net revenue4456585657
Other noninterest income2742294414
Securities (losses) gains, net(12)(5)1016(9)
Total noninterest income895811781750694
Noninterest Expense
Compensation and benefits1,410683685698750
Technology and communications204138128126123
Net occupancy expense14089898387
Card and processing expense7927222221
Equipment expense5543444142
Loan and lease expense4241393630
Marketing expense5037344328
Other noninterest expense415251226215223
Total noninterest expense2,3951,3091,2671,2641,304
Income Before Income Taxes207912837808653
Applicable income tax expense42181188180138
Net Income165731649628515
Dividends on preferred stock3732413737
Net Income Available to Common Shareholders$128$699$608$591$478

17

Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share dataAs of% Change
(unaudited)MarchDecemberMarch
202620252025SeqYr/Yr
Assets
Cash and due from banks$4,084$3,499$3,00917%36%
Other short-term investments17,45618,87614,965(8%)17%
Available-for-sale debt and other securities(a)
46,16136,15939,74728%16%
Held-to-maturity securities(b)
16,38911,36811,18544%47%
Trading debt securities1,6691,0571,15958%44%
Equity securities54445349420%10%
Loans and leases held for sale1,36573347386%189%
Portfolio loans and leases:
  Commercial and industrial loans83,86452,74953,70059%56%
  Commercial mortgage loans27,14312,22812,357122%120%
  Commercial construction loans8,3295,3165,95257%40%
  Commercial leases3,5233,2693,1288%13%
Total commercial loans and leases122,85973,56275,13767%64%
  Residential mortgage loans19,50717,65217,58111%11%
  Home equity6,7354,8464,26539%58%
  Indirect secured consumer loans18,29617,96416,8042%9%
  Credit card1,6581,7471,660(5%)—
  Solar energy installation loans4,4654,5604,262(2%)5%
  Other consumer loans2,7302,3202,48218%10%
Total consumer loans53,39149,08947,0549%13%
Portfolio loans and leases176,250122,651122,19144%44%
Allowance for loan and lease losses(2,922)(2,253)(2,384)30%23%
Portfolio loans and leases, net173,328120,398119,80744%45%
Bank premises and equipment3,2832,7342,50620%31%
Goodwill9,9664,9474,918101%103%
Intangible assets1,2336982NMNM
Servicing rights1,5831,5981,663(1%)(5%)
Other assets19,97812,48512,66160%58%
Total Assets$297,039$214,376$212,66939%40%
Liabilities
Deposits:
  Demand $65,335$42,647$40,85553%60%
  Interest checking 72,42561,15558,42018%24%
  Savings 18,61016,15517,58315%6%
  Money market 62,34539,28536,50559%71%
  CDs $250,000 or less11,80710,59910,24811%15%
  CDs over $250,0003,0991,9781,89457%64%
Total deposits233,621171,819165,50536%41%
Short-term borrowings1,2899265,68439%(77%)
Accrued taxes, interest and expenses2,6282,0831,72226%53%
Other liabilities6,6424,2354,81657%38%
Long-term debt18,75313,58914,53938%29%
Total Liabilities262,933192,652192,26636%37%
Equity
Common stock(c)
2,5852,0512,05126%26%
Preferred stock2,1821,7702,11623%3%
Capital surplus15,5863,8313,773307%313%
Retained earnings25,24825,48824,377(1%)4%
Accumulated other comprehensive loss(3,234)(3,110)(3,895)4%(17%)
Treasury stock(8,261)(8,306)(8,019)(1%)3%
Total Equity34,10621,72420,40357%67%
Total Liabilities and Equity$297,039$214,376$212,66939%40%
(a) Amortized cost$49,238$39,107$43,44526%13%
(b) Market values16,341 11,404 11,072 43%48%
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized2,000,0002,000,0002,000,000——
Outstanding, excluding treasury905,823661,198667,272——
Treasury258,416262,695256,621——

18

Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share dataAs of
(unaudited)MarchDecemberSeptemberJuneMarch
20262025202520252025
Assets
Cash and due from banks$4,084$3,499$2,901$2,972$3,009
Other short-term investments17,45618,87617,21513,04314,965
Available-for-sale debt and other securities(a)
46,16136,15936,46138,27039,747
Held-to-maturity securities(b)
16,38911,36811,49811,63011,185
Trading debt securities1,6691,0571,2661,3241,159
Equity securities544453287404494
Loans and leases held for sale1,365733576646473
Portfolio loans and leases:
  Commercial and industrial loans83,86452,74953,94753,31253,700
  Commercial mortgage loans27,14312,22811,93212,11212,357
  Commercial construction loans8,3295,3165,3265,5515,952
  Commercial leases3,5233,2693,2183,1773,128
Total commercial loans and leases122,85973,56274,42374,15275,137
  Residential mortgage loans19,50717,65217,64417,68117,581
  Home equity6,7354,8464,6784,4854,265
  Indirect secured consumer loans18,29617,96417,88517,59116,804
  Credit card1,6581,7471,6921,7071,660
  Solar energy installation loans4,4654,5604,4324,3164,262
  Other consumer loans2,7302,3202,3762,4642,482
Total consumer loans53,39149,08948,70748,24447,054
Portfolio loans and leases176,250122,651123,130122,396122,191
Allowance for loan and lease losses(2,922)(2,253)(2,265)(2,412)(2,384)
Portfolio loans and leases, net173,328120,398120,865119,984119,807
Bank premises and equipment3,2832,7342,6552,5602,506
Goodwill9,9664,9474,9474,9184,918
Intangible assets1,23369767582
Servicing rights1,5831,5981,6011,6291,663
Other assets19,97812,48512,55512,53612,661
Total Assets$297,039$214,376$212,903$209,991$212,669
Liabilities
Deposits:
  Demand $65,335$42,647$41,830$42,174$40,855
  Interest checking72,42561,15557,23955,52458,420
  Savings 18,61016,15516,11016,61417,583
  Money market 62,34539,28538,74836,58636,505
CDs $250,000 or less11,80710,59910,66710,88310,248
CDs over $250,0003,0991,9781,9752,4261,894
Total deposits233,621171,819166,569164,207165,505
Short-term borrowings1,2899265,2603,5715,684
Accrued taxes, interest and expenses2,6282,0831,9431,9701,722
Other liabilities6,6424,2354,3474,6274,816
Long-term debt18,75313,58913,67714,49214,539
Total Liabilities262,933192,652191,796188,867192,266
Equity
Common stock(c)
2,5852,0512,0512,0512,051
Preferred stock2,1821,7701,7702,1162,116
Capital surplus15,5863,8313,8133,7943,773
Retained earnings25,24825,48825,05724,71824,377
Accumulated other comprehensive loss(3,234)(3,110)(3,276)(3,546)(3,895)
Treasury stock(8,261)(8,306)(8,308)(8,009)(8,019)
Total Equity34,10621,72421,10721,12420,403
Total Liabilities and Equity$297,039$214,376$212,903$209,991$212,669
(a) Amortized cost$49,238$39,107$39,617$41,731$43,445
(b) Market values16,34111,40411,50611,54711,072
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized2,000,0002,000,0002,000,0002,000,0002,000,000
Outstanding, excluding treasury905,823661,198660,973667,710667,272
Treasury258,416262,695262,919256,183256,621
19

Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Changes in Equity
$ in millions
(unaudited)
For the Three Months Ended
MarchMarch
20262025
Total Equity, Beginning$21,724$19,645
Net income165515
Other comprehensive income, net of tax:
Change in unrealized (losses) gains:
Available-for-sale debt securities(100)481
Qualifying cash flow hedges(46)235
Amortization of unrealized losses on securities transferred to held-to-maturity2225
Comprehensive income411,256
Cash dividends declared:
Common stock(368)(251)
Preferred stock(37)(37)
Impact of Comerica acquisition12,676—
Impact of stock transactions under stock compensation plans, net7016
Shares acquired for treasury—(226)
Total Equity, Ending$34,106$20,403
20

Fifth Third Bancorp and Subsidiaries
Average Balance Sheets and Yield/Rate AnalysisFor the Three Months Ended
$ in millionsMarchDecemberMarch
(unaudited)202620252025
AverageAverageAverageAverageAverageAverage
BalanceYield/RateBalanceYield/RateBalanceYield/Rate
Assets
Interest-earning assets:
Loans and leases:
  Commercial and industrial loans(a)
$73,3025.89%$53,9605.96%$53,4306.22%
  Commercial mortgage loans(a)
22,0055.85%12,0835.95%12,3885.97%
  Commercial construction loans(a)
7,2876.45%5,3996.84%5,8136.92%
  Commercial leases(a)
3,3474.86%3,1724.68%3,1104.80%
Total commercial loans and leases105,9415.89%74,6145.96%74,7416.17%
  Residential mortgage loans19,4144.18%18,3584.01%17,9803.96%
  Home equity6,0657.02%4,7707.23%4,2227.57%
  Indirect secured consumer loans18,1055.54%17,8795.62%16,4765.57%
  Credit card1,65913.94%1,69514.04%1,62714.76%
  Solar energy installation loans4,5168.17%4,4869.00%4,2218.03%
  Other consumer loans2,5838.77%2,3459.33%2,4979.37%
Total consumer loans52,3425.86%49,5335.94%47,0235.88%
Total loans and leases158,2835.88%124,1475.96%121,7646.06%
Securities:
Taxable securities58,5873.41%51,1573.28%55,2053.25%
Tax exempt securities(a)
1,3633.26%1,3553.12%1,3933.18%
Other short-term investments19,7283.67%17,4853.96%14,4464.64%
Total interest-earning assets237,9615.07%194,1445.05%192,8085.13%
Cash and due from banks3,0662,7162,388
Other assets27,21018,42517,714
Allowance for loan and lease losses(2,686)(2,264)(2,352)
Total Assets$265,551$213,021$210,558
Liabilities
Interest-bearing liabilities:
  Interest checking deposits$67,3692.19%$58,6122.45%$57,9642.69%
  Savings deposits17,5460.35%16,1030.40%17,2260.53%
  Money market deposits54,2192.39%39,4092.39%36,4532.43%
  CDs $250,000 or less11,6413.14%10,5413.43%10,3803.61%
Total interest-bearing core deposits150,7752.12%124,6652.25%122,0232.39%
  CDs over $250,0002,8073.41%1,9483.94%2,3464.43%
Total interest-bearing deposits153,5822.15%126,6132.28%124,3692.42%
  Federal funds purchased1783.66%2043.92%1944.38%
  Securities sold under repurchase agreements3221.09%3651.46%2860.92%
  FHLB advances994.10%2,5524.47%4,7674.62%
  Derivative collateral and other secured borrowings837.49%846.92%846.46%
  Long-term debt18,0624.93%13,7005.20%14,5855.38%
Total interest-bearing liabilities172,3262.44%143,5182.60%144,2852.80%
Demand deposits55,77041,77139,788
Other liabilities7,3476,2056,485
Total Liabilities235,443191,494190,558
Total Equity30,10821,52720,000
Total Liabilities and Equity$265,551$213,021$210,558
Ratios:
  Net interest margin (FTE)(b)
3.30%3.13%3.03%
  Net interest rate spread (FTE)(b)
2.63%2.45%2.33%
  Interest-bearing liabilities to interest-earning assets72.42%73.92%74.83%
(a) Average Yield/Rate of these assets are presented on an FTE basis.
(b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 26.









21

Fifth Third Bancorp and Subsidiaries
Summary of Loans and Leases
$ in millionsFor the Three Months Ended
(unaudited)MarchDecemberSeptemberJuneMarch
20262025202520252025
Average Portfolio Loans and Leases
Commercial loans and leases:
  Commercial and industrial loans$73,264$53,947$54,170$54,075$53,401
  Commercial mortgage loans21,96912,07912,02712,41012,368
  Commercial construction loans7,2785,3995,5415,8105,797
  Commercial leases3,3473,1723,1773,1203,110
Total commercial loans and leases105,85874,59774,91575,41574,676
Consumer loans:
  Residential mortgage loans18,84817,66017,65617,61517,552
  Home equity6,0644,7694,5794,3834,222
  Indirect secured consumer loans18,10517,87917,72917,24816,476
  Credit card1,6591,6941,6781,6591,627
  Solar energy installation loans4,5164,4864,3554,2684,221
  Other consumer loans2,5822,3452,4142,4832,498
Total consumer loans51,77448,83348,41147,65646,596
Total average portfolio loans and leases$157,632$123,430$123,326$123,071$121,272
Average Loans and Leases Held for Sale
Commercial loans and leases held for sale$85$19$44$45$64
Consumer loans held for sale566698623541428
Average loans and leases held for sale$651$717$667$586$492
End of Period Portfolio Loans and Leases
Commercial loans and leases:
  Commercial and industrial loans$83,864$52,749$53,947$53,312$53,700
  Commercial mortgage loans27,14312,22811,93212,11212,357
  Commercial construction loans8,3295,3165,3265,5515,952
  Commercial leases3,5233,2693,2183,1773,128
Total commercial loans and leases122,85973,56274,42374,15275,137
Consumer loans:
  Residential mortgage loans19,50717,65217,64417,68117,581
  Home equity6,7354,8464,6784,4854,265
  Indirect secured consumer loans18,29617,96417,88517,59116,804
  Credit card1,6581,7471,6921,7071,660
  Solar energy installation loans4,4654,5604,4324,3164,262
  Other consumer loans2,7302,3202,3762,4642,482
Total consumer loans53,39149,08948,70748,24447,054
Total portfolio loans and leases$176,250$122,651$123,130$122,396$122,191
End of Period Loans and Leases Held for Sale
Commercial loans and leases held for sale$651$75$8$74$28
Consumer loans held for sale714658568572445
Loans and leases held for sale$1,365$733$576$646$473
Operating lease equipment$416$374$379$344$314
Loans and Leases Serviced for Others(a)
Commercial and industrial loans$1,801$1,290$1,206$1,166$1,104
Commercial mortgage loans518501558601603
Commercial construction loans318291304333367
Commercial leases821853764757755
Residential mortgage loans86,73387,82789,63991,20192,769
Solar energy installation loans665686692557575
Other consumer loans869298105112
Total loans and leases serviced for others90,94291,54093,26194,72096,285
Total loans and leases owned or serviced$268,973$215,298$217,346$218,106$219,263
(a)Fifth Third sells certain loans and leases and obtains servicing responsibilities.
22

Fifth Third Bancorp and Subsidiaries
Regulatory Capital
$ in millionsAs of
(unaudited)MarchDecemberSeptemberJuneMarch
2026(a)
2025202520252025
Regulatory Capital
CET1 capital$24,157$18,099$17,645$17,616$17,239
Additional tier 1 capital2,1821,7701,7702,1162,116
Tier 1 capital26,33919,86919,41519,73219,355
Tier 2 capital4,1093,1973,2043,1973,175
Total regulatory capital$30,448$23,066$22,619$22,929$22,530
Risk-weighted assets
$242,458$167,431$166,999$166,517$165,326
Ratios
Average total Bancorp shareholders' equity as a percent of average assets
11.34%10.11%10.02%9.82%9.50%
Regulatory Capital Ratios
Fifth Third Bancorp
CET1 capital
9.96%10.81%10.57%10.58%10.43%
Tier 1 risk-based capital
10.86%11.87%11.63%11.85%11.71%
Total risk-based capital
12.56%13.78%13.54%13.77%13.63%
Leverage10.20%9.41%9.24%9.42%9.23%
Fifth Third Bank, National Association
Tier 1 risk-based capital
11.84%13.09%12.95%12.87%12.78%
Total risk-based capital
13.08%14.33%14.19%14.12%14.02%
Leverage11.13%10.41%10.31%10.25%10.10%
(a)Current period regulatory capital data and ratios are estimated.
23

Fifth Third Bancorp and Subsidiaries
Summary of Credit Loss Experience
$ in millionsFor the Three Months Ended
(unaudited)MarchDecemberSeptemberJuneMarch
20262025202520252025
Average portfolio loans and leases:
  Commercial and industrial loans$73,264$53,947$54,170$54,075$53,401
  Commercial mortgage loans21,96912,07912,02712,41012,368
  Commercial construction loans7,2785,3995,5415,8105,797
  Commercial leases3,3473,1723,1773,1203,110
Total commercial loans and leases105,85874,59774,91575,41574,676
  Residential mortgage loans18,84817,66017,65617,61517,552
  Home equity6,0644,7694,5794,3834,222
  Indirect secured consumer loans18,10517,87917,72917,24816,476
  Credit card1,6591,6941,6781,6591,627
  Solar energy installation loans4,5164,4864,3554,2684,221
  Other consumer loans2,5822,3452,4142,4832,498
Total consumer loans51,77448,83348,41147,65646,596
Total average portfolio loans and leases$157,632$123,430$123,326$123,071$121,272
Losses charged-off:
  Commercial and industrial loans($77)($61)($280)($84)($54)
  Commercial mortgage loans—(7)(2)(4)(11)
  Commercial construction loans—————
  Commercial leases—(1)—(2)(2)
Total commercial loans and leases(77)(69)(282)(90)(67)
  Residential mortgage loans—————
  Home equity(2)(2)(1)(2)(2)
  Indirect secured consumer loans(40)(41)(34)(33)(36)
  Credit card(19)(20)(20)(20)(22)
  Solar energy installation loans(26)(22)(20)(23)(21)
  Other consumer loans(23)(23)(25)(26)(25)
Total consumer loans(110)(108)(100)(104)(106)
Total losses charged-off($187)($177)($382)($194)($173)
Recoveries of losses previously charged-off:
  Commercial and industrial loans$8$17$6$15$2
  Commercial mortgage loans—1111
  Commercial construction loans—————
  Commercial leases———3—
Total commercial loans and leases8187193
  Residential mortgage loans—111—
  Home equity21222
  Indirect secured consumer loans1614161715
  Credit card55455
  Solar energy installation loans35433
  Other consumer loans98989
Total consumer loans3534363634
Total recoveries of losses previously charged-off$43$52$43$55$37
Net losses charged-off:
  Commercial and industrial loans($69)($44)($274)($69)($52)
  Commercial mortgage loans—(6)(1)(3)(10)
  Commercial construction loans—————
  Commercial leases—(1)—1(2)
Total commercial loans and leases(69)(51)(275)(71)(64)
  Residential mortgage loans—111—
  Home equity—(1)1——
  Indirect secured consumer loans(24)(27)(18)(16)(21)
  Credit card(14)(15)(16)(15)(17)
  Solar energy installation loans(23)(17)(16)(20)(18)
  Other consumer loans(14)(15)(16)(18)(16)
Total consumer loans(75)(74)(64)(68)(72)
Total net losses charged-off(a)
($144)($125)($339)($139)($136)
Net losses charged-off as a percent of average portfolio loans and leases (annualized):
  Commercial and industrial loans0.38%0.32%2.01%0.51%0.39%
  Commercial mortgage loans—0.21%0.04%0.11%0.34%
  Commercial construction loans(0.02%)————
  Commercial leases—0.16%(0.04%)(0.10%)0.29%
Total commercial loans and leases0.26%0.27%1.46%0.38%0.35%
  Residential mortgage loans(0.01%)(0.01%)(0.02%)(0.01%)—
  Home equity0.01%0.06%(0.05%)0.02%0.04%
  Indirect secured consumer loans0.54%0.59%0.40%0.37%0.53%
  Credit card3.51%3.62%3.70%3.74%4.19%
  Solar energy installation loans2.03%1.45%1.47%1.86%1.73%
  Other consumer loans2.19%2.46%2.51%2.49%2.52%
Total consumer loans0.58%0.59%0.52%0.56%0.63%
Total net losses charged-off as a percent of average portfolio loans and leases (annualized)0.37%0.40%1.09%0.45%0.46%
(a)Excludes net charge-offs of $21 million which were taken immediately at the time of merger.
24

Fifth Third Bancorp and Subsidiaries
Asset Quality
$ in millionsFor the Three Months Ended
(unaudited)MarchDecemberSeptemberJuneMarch
20262025202520252025
Allowance for Credit Losses
Allowance for loan and lease losses, beginning$2,253$2,265$2,412$2,384$2,352
  Total net losses charged-off(d)
(144)(125)(339)(139)(136)
Provision for loan and lease losses152113192167168
Allowance on PCD loans and leases at acquisition180————
Allowance on PSLs at acquisition481————
Allowance for loan and lease losses, ending$2,922$2,253$2,265$2,412$2,384
Reserve for unfunded commitments, beginning$157$151$146$140$134
Provision for the reserve for unfunded commitments756566
Reserve for unfunded commitments, ending$232$157$151$146$140
Components of allowance for credit losses:
  Allowance for loan and lease losses$2,922$2,253$2,265$2,412$2,384
  Reserve for unfunded commitments232157151146140
Total allowance for credit losses$3,154$2,410$2,416$2,558$2,524
As of
MarchDecemberSeptemberJuneMarch
20262025202520252025
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
  Commercial and industrial loans$417$393$393$460$537
  Commercial mortgage loans9434424870
  Commercial construction loans62————
  Commercial leases————16
  Residential mortgage loans164149142143145
  Home equity10471727569
  Indirect secured consumer loans5861616560
  Credit card3029292931
  Solar energy installation loans2622222630
  Other consumer loans58778
Total nonaccrual portfolio loans and leases960767768853966
Repossessed property11111289
OREO2819212521
Total nonperforming portfolio loans and leases and OREO999797801886996
Nonaccrual loans held for sale1417042721
Total nonperforming assets$1,140$867$805$913$1,017
Loans and leases 90 days past due (accrual):
  Commercial and industrial loans$3$2$2$5$2
  Commercial mortgage loans19——36
  Commercial construction loans21———
  Commercial leases1————
Total commercial loans and leases253288
  Residential mortgage loans(c)
7101188
  Credit card1717161817
Total consumer loans2427272625
Total loans and leases 90 days past due (accrual)(b)
$49$30$29$34$33
Ratios
Net losses charged-off as a percent of average portfolio loans and leases (annualized)0.37%0.40%1.09%0.45%0.46%
Allowance for credit losses:
As a percent of portfolio loans and leases1.79%1.96%1.96%2.09%2.07%
   As a percent of nonperforming portfolio loans and leases(a)
328%314%314%300%261%
   As a percent of nonperforming portfolio assets(a)
316%302%302%289%253%
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a)
0.54%0.62%0.62%0.70%0.79%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a)
0.57%0.65%0.65%0.72%0.81%
Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property0.64%0.70%0.65%0.74%0.83%
(a) Excludes nonaccrual loans held for sale.
(b) Excludes loans held for sale.
(c) Excludes government guaranteed residential mortgage loans.
(d) Excludes net charge-offs of $21 million which were taken immediately at the time of merger.


25


Use of Non-GAAP Financial Measures
In addition to GAAP measures, management considers various non-GAAP measures when evaluating the performance of the business, including: “net interest income (FTE),” “interest income (FTE),” “net interest margin (FTE),” “net interest rate spread (FTE),” “income before income taxes (FTE),” “tangible net income available to common shareholders,” “average tangible common equity,” “return on average tangible common equity,” “tangible common equity (excluding AOCI),” “tangible common equity (including AOCI),” “tangible equity,” “tangible book value per share,” “tangible book value per share (excluding AOCI),” “adjusted noninterest income,” “noninterest income excluding certain items,” “adjusted noninterest expense,” “noninterest expense excluding certain items,” “pre-provision net revenue,” “adjusted efficiency ratio,” “adjusted return on average common equity,” “adjusted return on average tangible common equity,” “adjusted return on average tangible common equity, excluding accumulated other comprehensive income", “adjusted pre-provision net revenue,” “adjusted return on average assets,” “efficiency ratio (FTE),” “total revenue (FTE),” "adjusted total revenue," “noninterest income as a percent of total revenue”, and certain ratios derived from these measures. The Bancorp believes these non-GAAP measures provide useful information to investors because these are among the measures used by the Fifth Third management team to evaluate operating performance and to make day-to-day operating decisions.

The FTE basis adjusts for the tax-favored status of income from certain loans and securities held by the Bancorp that are not taxable for federal income tax purposes. The Bancorp believes this presentation to be the preferred industry measurement of net interest income and net interest margin as it provides a relevant comparison between taxable and non-taxable amounts.

The Bancorp believes tangible net income available to common shareholders, average tangible common equity, tangible common equity (excluding AOCI), tangible common equity (including AOCI), tangible equity, tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of the business without the impacts of intangible items, whether acquired or created internally, in a manner comparable to other companies in the industry who present similar measures.

The Bancorp believes noninterest income, noninterest expense, net interest income, net interest margin, pre-provision net revenue, efficiency ratio, adjusted total revenue, noninterest income as a percent of total revenue, return on average common equity, return on average tangible common equity, and return on average assets are important measures that adjust for significant, unusual, or large transactions that may occur in a reporting period which management does not consider indicative of ongoing financial performance and enhances comparability of results with prior periods.

The Bancorp believes noninterest income excluding certain items and noninterest expense excluding certain items are important measures that adjust for certain components that are prone to significant period-to-period changes in order to facilitate the explanation of variances in the noninterest income and noninterest expense line items.

Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity and tangible common equity (including and excluding AOCI), in addition to capital ratios defined by U.S. banking agencies. These calculations are intended to complement the capital ratios defined by U.S. banking agencies for both absolute and comparative purposes. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. Management believes that providing the tangible common equity ratio excluding AOCI on certain assets and liabilities enables investors and others to assess the Bancorp’s use of equity without the effects of changes in AOCI, some of which are uncertain; providing the tangible common equity ratio including AOCI enables investors and others to assess the Bancorp’s use of equity if components of AOCI, such as unrealized gains or losses, were to be monetized.

Please note that although non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.

Please see reconciliations of all historical non-GAAP measures used in this release to the most directly comparable GAAP measures, beginning on the following page.
26

Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ and shares in millionsAs of and For the Three Months Ended
(unaudited)MarchDecemberSeptemberJuneMarch
20262025202520252025
Net interest income$1,934$1,529$1,520$1,495$1,437
Add: Taxable equivalent adjustment54555
Net interest income (FTE) (a)1,9391,5331,5251,5001,442
Net interest income (annualized) (b)7,8436,0666,0305,9965,828
Net interest income (FTE) (annualized) (c)7,8646,0826,0506,0165,848
Interest income2,9722,4682,5192,4842,432
Add: Taxable equivalent adjustment54555
Interest income (FTE)2,9772,4722,5242,4892,437
Interest income (FTE) (annualized) (d)12,0739,80710,0149,9839,883
Interest expense (annualized) (e)4,2103,7253,9633,9674,035
Average interest-earning assets (f)237,961194,144193,500192,682192,808
Average interest-bearing liabilities (g)172,326143,518143,096142,913144,285
Net interest margin (b) / (f)3.30 %3.12 %3.12 %3.11 %3.02 %
Net interest margin (FTE) (c) / (f)3.30 %3.13 %3.13 %3.12 %3.03 %
Net interest rate spread (FTE) (d) / (f) - (e) / (g)2.63 %2.45 %2.41 %2.40 %2.33 %
Income before income taxes$207$912$837$808$653
Add: Taxable equivalent adjustment54555
Income before income taxes (FTE)212916842813658
Net income available to common shareholders128699608591478
Add: Intangible amortization, net of tax345556
Tangible net income available to common shareholders (h)162704613596484
Tangible net income available to common shareholders (annualized) (i)6572,7932,4322,3911,963
Average Bancorp shareholders’ equity
30,10821,52721,21620,67020,000
Less: Average preferred stock(2,040)(1,770)(2,112)(2,116)(2,116)
Average goodwill(8,686)(4,947)(4,937)(4,918)(4,918)
Average intangible assets(841)(72)(77)(79)(86)
Average tangible common equity, including AOCI (j)18,54114,73814,09013,55712,880
Less:Average AOCI3,0803,1373,5203,9354,362
Average tangible common equity, excluding AOCI (k)21,62117,87517,61017,49217,242
Total Bancorp shareholders’ equity
34,10621,72421,10721,12420,403
Less:Preferred stock(2,182)(1,770)(1,770)(2,116)(2,116)
Goodwill(9,966)(4,947)(4,947)(4,918)(4,918)
Intangible assets(1,233)(69)(76)(75)(82)
Tangible common equity, including AOCI (l)20,72514,93814,31414,01513,287
Less:AOCI3,2343,1103,2763,5463,895
Tangible common equity, excluding AOCI (m)23,95918,04817,59017,56117,182
Add:Preferred stock2,1821,7701,7702,1162,116
Tangible equity (n)26,14119,81819,36019,67719,298
Total assets297,039214,376212,903209,991212,669
Less:Goodwill(9,966)(4,947)(4,947)(4,918)(4,918)
Intangible assets(1,233)(69)(76)(75)(82)
Tangible assets, including AOCI (o)285,840209,360207,880204,998207,669
Less:AOCI, before tax4,2554,0924,3114,6665,125
Tangible assets, excluding AOCI (p)$290,095$213,452$212,191$209,664$212,794
Common shares outstanding (q)906661661668667
Tangible equity (n) / (p)9.01%9.28%9.12%9.39%9.07%
Tangible common equity (excluding AOCI) (m) / (p)8.26%8.46%8.29%8.38%8.07%
Tangible common equity (including AOCI) (l) / (o)7.25%7.14%6.89%6.84%6.40%
Tangible book value per share (including AOCI) (l) / (q)$22.88$22.60$21.66$20.98$19.92
Tangible book value per share (excluding AOCI) (m) / (q)$26.44$27.30$26.61$26.29$25.76
27

Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ in millionsFor the Three Months Ended
(unaudited)MarchDecemberMarch
202620252025
Net income (r)$165$731$515
Net income (annualized) (s)6692,9002,089
Adjustments (pre-tax items)
Merger-related charges65713—
Merger-related Day 1 ACL build83——
Securities (gains)/losses1259
Litigation settlements—(12)—
FDIC special assessment—(25)—
Fifth Third Foundation contribution—50—
Interchange litigation matters(8)1118
Non-qualified deferred compensation expense/(benefit)(9)(5)(4)
Adjustments, pre-tax7353723
Applicable income tax expense on adjustments16665
Adjustments, after-tax (t)(a)(b)
5693118
Adjustments (tax related items)
Benefit related to the resolution of certain tax matters—(7)—
Adjustments (tax related items) (u)—(7)—
Noninterest income (v)895811694
Interchange litigation matters(8)818
Merger-related charges22——
Litigation settlements—(12)—
Noninterest income excluding certain item(s)909807712
Securities losses, net1259
Adjusted noninterest income, excluding certain items and securities losses (w)921812721
Noninterest expense (x)2,3951,3091,304
Interchange litigation matters—(3)—
Merger-related charges(635)(13)—
FDIC special assessment—25—
Fifth Third Foundation contribution—(50)—
Noninterest expense excluding certain item(s)1,7601,2681,304
Non-qualified deferred compensation benefit954
Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (y)1,7691,2731,308
Adjusted net income (r) + (t) + (u)734755533
Adjusted net income (annualized) (z)2,9772,9952,162
Adjusted tangible net income available to common shareholders (h) + (t) + (u)731728502
Adjusted tangible net income available to common shareholders (annualized) (aa)2,9652,8882,036
Average assets (ab)$265,551$213,021$210,558
Return on average tangible common equity (i) / (j)3.5%19.0%15.2%
Return on average tangible common equity excluding AOCI (i) / (k)3.0%15.6%11.4%
Adjusted return on average tangible common equity, including AOCI (aa) / (j)16.0%19.6%15.8%
Adjusted return on average tangible common equity, excluding AOCI (aa) / (k)13.7%16.2%11.8%
Return on average assets (s) / (ab)0.25%1.36%0.99%
Adjusted return on average assets (z) / (ab)1.12%1.41%1.03%
Efficiency ratio (FTE) (x) / [(a) + (v)]84.5%55.8%61.0%
Adjusted efficiency ratio (y) / [(a) + (w)]61.9%54.3%60.5%
Total revenue (FTE) (a) + (v)$2,834$2,344$2,136
Adjusted total revenue (FTE) (a) + (w)$2,860$2,345$2,163
Pre-provision net revenue (PPNR) (a) + (v) - (x)$439$1,035$832
Adjusted pre-provision net revenue (PPNR) (a) + (w) - (y)$1,091$1,072$855
Totals may not foot due to rounding.
(a) Assumes a 24% tax rate.
(b) A portion of the adjustments related to merger-related expenses are not tax-deductible.

28

Fifth Third Bancorp and Subsidiaries
Segment Presentation
$ in millions
(unaudited)
For the three months ended March 31, 2026Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Net interest income (FTE)(a)
$878$1,073$83$(95)$1,939
(Provision for) benefit from credit losses(158)(89)—20(227)
Net interest income after (provision for) benefit from credit losses72098483(75)1,712
Noninterest income441298164(8)895
Noninterest expense(734)(810)(183)(668)(2,395)
Income (loss) before income taxes (FTE)(a)
$427$472$64$(751)$212
For the three months ended December 31, 2025Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Net interest income (FTE)(a)
$581$1,026$52$(126)$1,533
(Provision for) benefit from credit losses(46)(84)—11(119)
Net interest income after (provision for) benefit from credit losses53594252(115)1,414
Noninterest income3863111113811
Noninterest expense(476)(645)(97)(91)(1,309)
Income (loss) before income taxes (FTE)(a)
$445$608$66$(203)$916
For the three months ended September 30, 2025
Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Net interest income (FTE)(a)
$594$1,082$55$(206)$1,525
(Provision for) benefit from credit losses(246)(73)—122(197)
Net interest income after (provision for) benefit from credit losses3481,00955(84)1,328
Noninterest income3573091096781
Noninterest expense(454)(653)(93)(67)(1,267)
Income (loss) before income taxes (FTE)(a)
$251$665$71$(145)$842
For the three months ended June 30, 2025
Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Net interest income (FTE)(a)
$595$1,085$57$(237)$1,500
(Provision for) benefit from credit losses(79)(84)2(12)(173)
Net interest income after (provision for) benefit from credit losses5161,00159(249)1,327
Noninterest income32129310135750
Noninterest expense(453)(646)(95)(70)(1,264)
Income (loss) before income taxes (FTE)(a)
$384$648$65$(284)$813
For the three months ended March 31, 2025
Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Net interest income (FTE)(a)
$552$975$49$(134)$1,442
Provision for credit losses(80)(84)—(10)(174)
Net interest income after provision for credit losses47289149(144)1,268
Noninterest income3012811093694
Noninterest expense(511)(650)(106)(37)(1,304)
Income (loss) before income taxes (FTE)(a)
$262$522$52$(178)$658
(a) Includes taxable equivalent adjustments of $5 million for the three months ended March 31, 2026, $4 million for the three months ended December 31, 2025 and $5 million for the three months ended September 30, 2025, June 30, 2025 and March 31, 2025.
                                                                                                                                                                                                                                     
29