FIFTH THIRD BANCORP (FITBI) Form 10-Q — Nov 3, 2026
Fifth Third Bancorp's Q3 2026 10-Q shows net income of $866 million, up 33% year over year, with FTE net interest income of $2.28 billion, up 49%, and a 3.34% net interest margin — all boosted by the $12.7 billion all-stock Comerica acquisition that closed February 1, 2026. The Comerica integration added roughly $50.5 billion of loans and $65.2 billion of deposits, but merger-related expenses hit $215 million in Q3 and $1.04 billion for the nine months, dragging nine-month diluted EPS down 22% to $1.94.
Key figures
- Eps
- 0.9
- Eps Beat
- 0
- Revenue
- 3284000000
- Net Income
- 866000000
- Total Debt
- 18138000000
- Debt Amount
- 2000000000
- Revenue Yoy
- 42% (Q3 FTE total revenue)
- Total Assets
- 301226000000
- Cash Position
- 0
- Deal Value Usd
- 12700000000
- Interest Rate
- 4.566% fixed to SOFR+0.95% (2032 notes); 5.141% fixed to SOFR+1.24% (2037 notes)
- Maturity Date
- April 29, 2032 and January 29, 2037 (senior notes)
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 903645765
- Acl ratio
- 1.74%
- Cet1 ratio
- 10.03%
- Nii yoy q3
- 49%
- Provision q3
- 122000000
- Total deposits
- 239486000000
- Q3 net income yoy
- 33%
- Merger expenses q3
- 215000000
- Q3 2025 net income
- 649000000
- Nine month net income
- 1832000000
- Noninterest income q3
- 1008000000
- Net charge off rate q3
- 0.31% annualized vs 1.09%
- Net interest margin q3
- 3.34% vs 3.13% prior year
- Nine month eps diluted
- 1.94
- Noninterest expense q3
- 2049000000
- Total loans and leases
- 181000000000
- Comerica acquired loans
- 50540000000
- Comerica assumed deposits
- 65191000000
- Net interest income q3 fte
- 2276000000
- Merger expenses nine months
- 1043000000
- Return on avg common equity q3
- 10.2% vs 12.6%
- Pro forma cet1 under proposed rules
- approximately 9.2%
AI analysis
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