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Fifth Third Bancorp Reports Third Quarter 2026 Earnings
Organic momentum and successful integration advance the earnings power of the combined company
Reported EPS of $0.90; adjusted EPS(a) of $1.13 excludes $0.23 of certain items on page 2
Key Financial DataKey Highlights
$ in millions for all balance sheet and income statement items
3Q26
2Q26
3Q25
       Stability:
•Resilient credit performance. Net charge-offs(b) of 31 bps in 3Q26
•Core deposits increased 3% sequentially; loan-to-core deposit ratio of 76%
•Strong client and banker retention through the Comerica conversion
    Profitability:
•Net interest income increased 3% sequentially
•8% adjusted PPNR(a) growth and 450 bps of positive operating leverage from 2Q26
•20.6% adjusted ROTCE(a) and 1.41% adjusted ROA(a)
    Growth:
•Generated 70% more commercial new quality relationships compared to 3Q25
•Consumer household growth of 7% in the Southeast and 8% in the Southwest
•Gained deposit share in Texas and California, with capped deposits in Dallas, Houston and Austin each up more than 20% year-over-year, while Southeast deposit growth was more than five times the market rate
   

Income Statement Data
Net income available to common shareholders$828$763$608
Net interest income (U.S. GAAP)2,2712,2151,520
Net interest income (FTE)(a)
2,2762,2201,525
Noninterest income1,0081,059781
Noninterest expense2,0492,1091,267
Per Share Data
Earnings per share, basic$0.91$0.84$0.91
Earnings per share, diluted0.900.830.91
Book value per share34.3135.6329.26
Tangible book value per share(a)
22.0123.2221.66
Balance Sheet & Credit Quality
Average portfolio loans and leases$179,244$177,572$123,326
Average deposits238,344231,506164,754
Accumulated other comprehensive loss(4,919)(3,286)(3,276)
Net charge-off ratio(b)
0.31%0.30%1.09%
Nonperforming asset ratio(c)
0.640.600.65
Financial Ratios
Return on average assets1.14%1.08%1.21%
Return on average common equity10.29.512.6
Return on average tangible common equity(a)
16.615.617.3
CET1 capital(d)
10.029.9310.57
Net interest margin(a)
3.343.363.13
Efficiency(a)
62.464.354.9
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:
Fifth Third's third quarter reflected the earnings power of the combined company. Even while integrating Comerica, our adjusted return on tangible common equity and efficiency ratio improved from the second quarter, and credit performance remained stable.

Less than a year after we announced the Comerica acquisition, we completed the systems conversion with strong client and banker retention. Most importantly, the business is growing. The latest FDIC data show sustained deposit share gains in the Southeast and new share gains in Comerica's Michigan, Texas and California markets, and household growth continues to be led by the Southeast.

We live in a more volatile world, and competition for deposits is heating up. Multiple sources of low-cost deposits and limited exposure to the borrowers most sensitive to higher rates give us flexibility regardless of the rate environment. We are building a Fifth Third that is better and not just bigger. We will continue to be guided by our operating priorities of stability, profitability and growth – in that order.

Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 October 19, 2026

Income Statement Highlights
($ in millions, except per share data)For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Condensed Statements of Income
Net interest income (NII)(a)
$2,276$2,220$1,5253%49%
Provision for credit losses122129197(5)%(38)%
Noninterest income1,0081,059781(5)%29%
Noninterest expense2,0492,1091,267(3)%62%
Income before income taxes(a)
$1,113$1,041$8427%32%
Taxable equivalent adjustment$5$5$5——
Applicable income tax expense2422351883%29%
Net income$866$801$6498%33%
Dividends on preferred stock383841—(7)%
Net income available to common shareholders$828$763$6089%36%
Earnings per share, diluted$0.90$0.83$0.918%(1)%
Fifth Third Bancorp (NYSE: FITB) today reported third quarter 2026 net income available to common shareholders of $828 million, or $0.90 per diluted share, compared to $763 million, or $0.83 per diluted share, in the prior quarter and $608 million, or $0.91 per diluted share, in the year-ago quarter.

Diluted earnings per share impact of certain item(s) - 3Q26
(after-tax impact; $ in millions, except per share data)
Merger-related charges(e)1,2
$(171)
Interchange litigation matters(e)3
(26)
Technology-related asset impairments(e)
(14)
After-tax impact of certain item(s)
$(211)
Diluted earnings per share impact of certain item(s)4
$(0.23)
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 $215 million and decreased noninterest income by $10 million; 3Interchange litigation matters increased noninterest expense by $5 million and decreased noninterest income by $29 million; 4Diluted earnings per share impact reflects 917.103 million average diluted shares outstanding
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Net Interest Income
(FTE; $ in millions)(a)
For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Interest Income
Interest income$3,503$3,377$2,5244%39%
Interest expense1,2271,1579996%23%
Net interest income (NII)$2,276$2,220$1,5253%49%
Average Yield/Rate Analysisbps Change
Yield on interest-earning assets5.15%5.11%5.18%4(3)
Rate paid on interest-bearing liabilities2.50%2.44%2.77%6(27)
Ratios
Net interest rate spread2.65%2.67%2.41%(2)24
Net interest margin (NIM)
3.34%3.36%3.13%(2)21
Net interest income (FTE) increased 3% sequentially to $2.28 billion, reflecting the benefit of higher market rates, continued fixed-rate asset repricing, active investment portfolio management, and loan growth. These benefits were partially offset by higher deposit costs due to higher market rates and the migration of former off-balance-sheet Comerica investment sweep balances into interest-bearing deposits.
Compared with the year-ago quarter, net interest income increased 49%, primarily reflecting the addition of Comerica, with further support from fixed-rate asset repricing and balance sheet management.

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Noninterest Income
($ in millions)For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Noninterest Income
Wealth and asset management revenue$259$256$1811%43%
Commercial payments revenue2562541571%63%
Consumer banking revenue158161144(2)%10%
Capital markets fees147154115(5)%28%
Commercial banking revenue128125872%47%
Mortgage banking net revenue47395821%(19)%
Other noninterest income185029(64)%(38)%
Securities (losses) gains, net(5)2010NMNM
Total noninterest income$1,008$1,059$781(5)%29%
Noninterest income of $1.01 billion decreased $51 million, or 5%, sequentially and increased $227 million, or 29%, year-over-year. The reported results reflect the impact of certain items in the table below, including interchange litigation matters, merger-related charges, and other 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.
Higher mortgage banking, commercial banking, and wealth and asset management revenue more than offset lower capital markets and consumer banking revenue. Wealth and asset management benefited from higher institutional trust and personal asset management revenue. Commercial payments was stable, as growth in deposit fees was offset by higher earnings credits. Capital markets fees declined as late-quarter market volatility slowed M&A advisory and loan syndication activity, more than offsetting higher corporate bond fees.

Noninterest Income excluding certain items
($ in millions)For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)$1,008$1,059$781
Interchange litigation matters29118
Merger-related charges10——
Other securities losses/(gains), net5(30)(10)
Securities repositioning losses—10—
Noninterest income excluding certain items(a)
$1,052$1,040$7891%33%
Excluding certain items, noninterest income increased 1% sequentially to $1.05 billion.





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Noninterest Expense
($ in millions)For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Noninterest Expense
Compensation and benefits$982$1,129$685(13)%43%
Technology and communications30025012820%134%
Net occupancy expense14415489(6)%62%
Card and processing expense606622(9)%173%
Equipment expense596044(2)%34%
Loan and lease expense475339(11)%21%
Marketing expense576534(12)%68%
Other noninterest expense40033222620%77%
Total noninterest expense$2,049$2,109$1,267(3)%62%
Noninterest expense of $2.05 billion decreased 3% sequentially, driven primarily by lower compensation and benefits expense. The reported results reflect the impact of certain items in the table below.
Noninterest Expense excluding certain item(s)
($ in millions)For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Noninterest Expense excluding certain item(s)
Noninterest expense (U.S. GAAP)$2,049$2,109$1,267
Merger-related charges(215)(203)—
Technology-related asset impairments(19)(7)—
Interchange litigation matters(5)(1)(9)
Severance expense—(7)—
FDIC special assessment——6
Noninterest expense excluding certain item(s)(a)
$1,810$1,891$1,264(4)%43%
Non-qualified deferred compensation benefit/(expense)6(30)(11)
Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a)
$1,816$1,861$1,253(2)%45%

Noninterest expense excluding certain items and non-qualified deferred compensation decreased 2% sequentially to $1.82 billion. Merger-related charges recognized in noninterest expense totaled approximately 1.04 billion year-to-date, consistent with the integration timeline.

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Average Interest-Earning Assets
($ in millions)For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans$85,982$84,967$54,1701%59%
Commercial mortgage loans27,26327,17612,027—127%
Commercial construction loans8,7448,4375,5414%58%
Commercial leases3,5743,5033,1772%12%
Total commercial loans and leases$125,563$124,083$74,9151%68%
Consumer loans:
Residential mortgage loans$19,775$19,626$17,6561%12%
Home equity7,0236,8304,5793%53%
Indirect secured consumer loans18,18218,23917,729—3%
Credit card1,6461,6461,678—(2)%
Solar energy installation loans4,2444,3844,355(3)%(3)%
Other consumer loans2,8112,7642,4142%16%
Total consumer loans$53,681$53,489$48,411—11%
Total average portfolio loans and leases$179,244$177,572$123,3261%45%
Average Loans and Leases Held for Sale
Commercial loans and leases held for sale$170$399$44(57)%286%
Consumer loans held for sale597736623(19)%(4)%
Total average loans and leases held for sale$767$1,135$667(32)%15%
Total average loans and leases$180,011$178,707$123,9931%45%
Securities (taxable and tax-exempt)$68,543$67,924$54,5921%26%
Other short-term investments21,46918,35814,91517%44%
Total average interest-earning assets$270,023$264,989$193,5002%40%
Total average portfolio loans and leases of $179 billion increased 1% sequentially and 45% year-over-year. Sequential performance was driven by approximately $1.5 billion of growth in commercial loans and leases, while average consumer loans were broadly stable. Year-over-year growth primarily reflected the addition of Comerica.
Average securities (taxable and tax-exempt; amortized cost) of $69 billion increased 1% sequentially and 26% year-over-year, with sequential growth reflecting continued investment portfolio activity. Average other short-term investments (including interest-bearing cash) increased $3.1 billion, or 17%, sequentially, primarily reflecting the migration of the previously mentioned former off-balance-sheet Comerica investment sweep balances onto the balance sheet.
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End of Period Interest-Earning Assets
($ in millions)As of% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
End of Period Portfolio Loans and Leases
Total commercial loans and leases$126,366$124,880$74,4231%70%
Total consumer loans53,90653,64848,707—11%
Total portfolio loans and leases$180,272$178,528$123,1301%46%
End of Period Loans and Leases Held for Sale
Total loans and leases held for sale$728$866$576(16)%26%
Total loans and leases$181,000$179,394$123,7061%46%
Securities (taxable and tax-exempt)$70,769$68,332$52,6804%34%
Other short-term investments16,52019,35017,215(15)%(4)%
Total interest-earning assets$268,289$267,076$193,601—39%
Period-end total portfolio loans and leases increased 1% sequentially to $180 billion. Commercial growth was led by construction and C&I originations, partly offset by elevated payoffs. Consumer growth reflected continued momentum in home equity, partially offset by expected runoff in solar energy installation loans.
Total period-end securities (taxable and tax-exempt; amortized cost) increased $2.4 billion sequentially to $71 billion as a portion of the liquidity held earlier in the quarter was deployed into higher-yielding investment securities. As a result, period-end short-term investments declined $2.8 billion even though average short-term investments were higher for the quarter.
Average Deposits
($ in millions)For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Average Deposits
Demand$64,228$63,976$41,235—56%
Interest checking75,02570,50756,6246%32%
Savings18,03718,43016,376(2)%10%
Money market
66,24763,20037,4345%77%
Total transaction deposits$223,537$216,113$151,6693%47%
CDs $250,000 or less
12,10212,40310,841(2)%12%
Total core deposits$235,639$228,516$162,5103%45%
CDs over $250,0001
2,7052,9902,244(10)%21%
Total average deposits$238,344$231,506$164,7543%45%
1CDs over $250,000 includes $1.0MM, $0.1BN, and $1.0BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 9/30/26, 6/30/26, and 9/30/25, respectively.
Total average deposits increased 3% sequentially to $238 billion, reflecting operational deposit growth, the Southwest retail deposit campaign, and the migration of former off-balance-sheet Comerica investment sweep balances onto the balance sheet. Additionally, certain Comerica legacy deposit products were simplified into more modern interest checking products resulting in a shift from commercial savings and money market into interest checking.
Period-end total deposits increased 2% sequentially to $239 billion, with growth in interest-checking, partially offset by lower money market and CD balances. The period-end portfolio loan-to-core deposit ratio improved to 76% from 77% last quarter, as deposit growth modestly outpaced loan growth.

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Average Wholesale Funding
($ in millions)For the Three Months Ended% Change
SeptemberJuneSeptember
202620262025SeqYr/Yr
Average Wholesale Funding
CDs over $250,0001
$2,705$2,990$2,244(10)%21%
Federal funds purchased18116019813%(9)%
Securities sold under repurchase agreements395444376(11)%5%
FHLB advances2,3653,4374,920(31)%(52)%
Derivative collateral and other secured borrowings93648245%13%
Long-term debt17,51318,81714,001(7)%25%
Total average wholesale funding$23,252$25,912$21,821(10)%7%
1CDs over $250,000 includes $1.0MM, $0.1BN, and $1.0BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 9/30/26, 6/30/26, and 9/30/25, respectively.
Strong deposit growth improved the overall funding mix and supported a 10% sequential reduction in average wholesale funding to $23 billion, driven primarily by decreases of $1.3 billion in long-term debt and $1.1 billion in FHLB advances.
Compared with the year-ago quarter, average wholesale funding increased 7%, reflecting the Comerica acquisition.
8

Credit Quality Summary
($ in millions)As of and For the Three Months Ended
SeptemberJuneMarchDecemberSeptember
20262026202620252025
Total nonaccrual portfolio loans and leases (NPLs)$1,070$1,041$960$767$768
Repossessed property910111112
OREO1
8124281921
Total nonperforming portfolio loans and leases and OREO (NPAs)$1,160$1,075$999$797$801
NPL ratio(f)
0.59%0.58%0.54%0.62%0.62%
NPA ratio(c)
0.64%0.60%0.57%0.65%0.65%
Portfolio loans and leases 30-89 days past due (accrual)$540$561$683$360$348
Portfolio loans and leases 90 days past due (accrual)4233493029
30-89 days past due as a % of portfolio loans and leases0.30%0.31%0.39%0.29%0.28%
90 days past due as a % of portfolio loans and leases0.02%0.02%0.03%0.02%0.02%
Allowance for loan and lease losses (ALLL), beginning$2,918$2,922$2,253$2,265$2,412
Total net losses charged-off(139)(135)(144)(125)(339)
Provision for loan and lease losses127131152113192
Allowance on PCD loans and leases at acquisition—(1)180——
Allowance on PSLs at acquisition—1481——
ALLL, ending$2,906$2,918$2,922$2,253$2,265
Reserve for unfunded commitments, beginning$230$232$157$151$146
(Benefit from) provision for the reserve for unfunded commitments(5)(2)7565
Reserve for unfunded commitments, ending$225$230$232$157$151
Total allowance for credit losses (ACL)$3,131$3,148$3,154$2,410$2,416
ACL ratios:
As a % of portfolio loans and leases1.74%1.76%1.79%1.96%1.96%
As a % of nonperforming portfolio loans and leases292%303%328%314%314%
As a % of nonperforming portfolio assets270%293%316%302%302%
ALLL as a % of portfolio loans and leases1.61%1.63%1.66%1.84%1.84%
Total losses charged-off$(192)$(181)$(187)$(177)$(382)
Total recoveries of losses previously charged-off5346435243
Total net losses charged-off2
$(139)$(135)$(144)$(125)$(339)
Net charge-off ratio (NCO ratio)(b)2
0.31%0.30%0.37%0.40%1.09%
Commercial NCO ratio0.22%0.21%0.26%0.27%1.46%
Consumer NCO ratio0.52%0.53%0.58%0.59%0.52%
1Includes branch-related real estate no longer intended to be used for banking purposes.
2Excludes net charge-offs of $100 million which were taken immediately at the time of acquisition.
The provision for credit losses declined to $122 million from $129 million in the prior quarter. The allowance for credit losses was $3.1 billion, or 1.74%, of total portfolio loans and leases, compared with 1.76% in the prior quarter. The modest decline in the ACL ratio reflected improvement in the commercial risk profile. The ACL coverage ratio remained strong at 292% of nonperforming portfolio loans and leases and 270% of nonperforming portfolio assets.
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Net charge-offs totaled $139 million, or 0.31%, of average portfolio loans, compared with $135 million, or 0.30%, in the prior quarter. The commercial NCO ratio increased 1 bp sequentially to 0.22%, while the consumer NCO ratio declined 1 bp to 0.52%.
Compared with the year-ago quarter, the total NCO ratio improved 78 bps, largely because the prior year period included a $178 million asset-backed finance charge-off. Excluding that credit, the year-ago NCO ratio was 0.52%.
Credit quality remained stable, with early- and late-stage delinquencies, nonperforming portfolio loans and leases and nonperforming portfolio assets broadly unchanged sequentially. OREO was $81 million at September 30, 2026 and included $74 million of branch-related real estate no longer intended to be used for banking purposes primarily driven by the Comerica acquisition.

Capital Position
As of and For the Three Months Ended
SeptemberJuneMarchDecemberSeptember
20262026202620252025
Capital Position
Average total Bancorp shareholders' equity as a % of average assets
11.37%11.50%11.34%10.11%10.02%
Tangible equity(a)
9.13%9.04%9.01%9.28%9.12%
Tangible common equity (excluding AOCI)(a)
8.39%8.30%8.26%8.46%8.29%
Tangible common equity (including AOCI)(a)
6.88%7.29%7.25%7.14%6.89%
Regulatory Capital Ratios(d)
CET1 capital
10.02%9.93%9.89%10.81%10.57%
Tier 1 risk-based capital
10.90%10.81%10.79%11.87%11.63%
Total risk-based capital
12.54%12.50%12.50%13.78%13.54%
Leverage9.22%9.20%10.22%9.41%9.24%
Fifth Third's CET1 capital ratio increased to 10.02%, compared with 9.93% in the prior quarter, as capital generated through earnings was partially offset by RWA growth. Fifth Third did not repurchase common shares during the quarter or year-to-date.

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Tax Rate
The effective tax rate for the quarter was 21.8% compared with 22.7% in the prior quarter and 22.6% 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 to be the one 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 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.

Earnings Release End Notes
(a)Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 27.
(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.



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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 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 entirety. Any qualifications, assumptions, conditions, limitations or other disclosures that apply to a particular item of information are deemed to apply, with any necessary adjustments to all references to that information throughout this press release.
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Quarterly Financial Review for September 30, 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 Analysis21-22
Summary of Loans and Leases23
Regulatory Capital24
Summary of Credit Loss Experience25
Asset Quality26
Non-GAAP Reconciliation27-29
Segment Presentation30


13

Fifth Third Bancorp and Subsidiaries
Financial HighlightsAs of and For the Three Months Ended% / bps% / bps
$ in millions, except per share dataChangeYear to DateChange
(unaudited)SeptemberJuneSeptemberSeptemberSeptember
202620262025SeqYr/Yr20262025Yr/Yr
Income Statement Data
Net interest income$2,271$2,215$1,5203%49%$6,420$4,45344%
Net interest income (FTE)(a)
2,2762,2201,5253%49%6,4354,46844%
Noninterest income1,0081,059781(5%)29%2,9622,22433%
Total revenue (FTE)(a)
3,2843,2792,306—42%9,3976,69240%
Provision for credit losses122129197(5%)(38%)479544(12%)
Noninterest expense2,0492,1091,267(3%)62%6,5533,83571%
Net income8668016498%33%1,8321,7912%
Net income available to common shareholders8287636089%36%1,7191,6773%
Earnings Per Share Data
Net income allocated to common shareholders$828$763$6089%36%$1,719$1,6773%
Average common shares outstanding (in thousands):
Basic911,919911,613666,427—37%883,202669,40532%
Diluted917,103915,959670,878—37%888,097673,63232%
Earnings per share, basic$0.91$0.84$0.918%—$1.95$2.51(22%)
Earnings per share, diluted0.900.830.918%(1%)1.942.49(22%)
Common Share Data
Cash dividends per common share$0.42$0.40$0.405%5%$1.22$1.147%
Book value per share34.3135.6329.26(4%)17%34.3129.2617%
Market value per share50.5856.3744.55(10%)14%50.5844.5514%
Common shares outstanding (in thousands)907,367906,573660,973—37%907,367660,97337%
Market capitalization$45,895$51,103$29,446(10%)56%$45,895$29,44656%
Financial Ratios
Return on average assets1.14%1.08%1.21%6(7)0.85%1.13%(28)
Return on average common equity10.2%9.5%12.6%70(240)7.5%12.1%(460)
Return on average tangible common equity(a)
16.6%15.6%17.3%100(70)12.3%16.8%(450)
Noninterest income as a percent of total revenue(a)
31%32%34%(100)(300)32%33%(100)
Dividend payout46.2%47.6%44.0%NMNM62.6%45.4%NM
Average total Bancorp shareholders’ equity as a percent of average assets
11.37%11.50%10.02%(13)13511.40%9.78%162
Tangible common equity(a)
8.39%8.30%8.29%9108.39%8.29%10
Net interest margin (FTE)(a)
3.34%3.36%3.13%(2)213.34%3.10%24
Efficiency (FTE)(a)
62.4%64.3%54.9%(190)75069.7%57.3%NM
Effective tax rate21.8%22.7%22.6%(90)(80)22.0%22.1%(10)
Credit Quality
Net losses charged-off(h)
$139$135$3393%(59%)$419$614(32%)
Net losses charged-off as a percent of average portfolio loans and leases (annualized)0.31%0.30%1.09%1(78)0.33%0.67%(34)
ALLL as a percent of portfolio loans and leases1.61%1.63%1.84%(2)(23)1.61%1.84%(23)
ACL as a percent of portfolio loans and leases(f)
1.74%1.76%1.96%(2)(22)1.74%1.96%(22)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO0.64%0.60%0.65%4(1)0.64%0.65%(1)
Average Balances
Loans and leases, including held for sale$180,011$178,707$123,9931%45%$172,414$123,14740%
Securities and other short-term investments90,01286,28269,5074%30%85,36269,85322%
Assets302,119297,948211,7701%43%288,673210,96537%
Transaction deposits(b)
223,537216,113151,6693%47%211,624151,32740%
Core deposits(c)
235,639228,516162,5103%45%223,674161,90138%
Wholesale funding(d)
23,25225,91221,821(10%)7%23,57722,1676%
Bancorp shareholders' equity
34,33834,26021,216—62%32,91720,63360%
Regulatory Capital Ratios(e)
CET1 capital
10.02%9.93%10.57%9(55)10.02%10.57%(55)
Tier 1 risk-based capital
10.90%10.81%11.63%9(73)10.90%11.63%(73)
Total risk-based capital
12.54%12.50%13.54%4(100)12.54%13.54%(100)
Leverage9.22%9.20%9.24%2(2)9.22%9.24%(2)
Additional Metrics
Banking centers1,4291,5001,102(5%)30%1,4291,10230%
ATMs2,5492,6482,184(4%)17%2,5492,18417%
Full-time equivalent employees25,06925,19718,476(1%)36%25,06918,47636%
Assets under care ($ in billions)(g)
$880$902$681(2%)29%$880$68129%
Assets under management ($ in billions)(g)
12512877(2%)62%1257762%
(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.
(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 $100 million which were taken at the time of acquisition.

14


Fifth Third Bancorp and Subsidiaries
Financial Highlights
$ in millions, except per share dataAs of and For the Three Months Ended
(unaudited)SeptemberJuneMarchDecemberSeptember
20262026202620252025
Income Statement Data
Net interest income$2,271$2,215$1,934$1,529$1,520
Net interest income (FTE)(a)
2,2762,2201,9391,5331,525
Noninterest income1,0081,059895811781
Total revenue (FTE)(a)
3,2843,2792,8342,3442,306
Provision for credit losses122129227119197
Noninterest expense2,0492,1092,3951,3091,267
Net income866801165731649
Net income available to common shareholders828763128699608
Earnings Per Share Data
Net income allocated to common shareholders$828$763$128$699$608
Average common shares outstanding (in thousands):
Basic911,919911,613825,119664,384666,427
Diluted917,103915,959830,274669,153670,878
Earnings per share, basic$0.91$0.84$0.16$1.05$0.91
Earnings per share, diluted0.900.830.151.040.91
Common Share Data
Cash dividends per common share$0.42$0.40$0.40$0.40$0.40
Book value per share34.3135.6335.2430.1829.26
Market value per share50.5856.3746.4646.8144.55
Common shares outstanding (in thousands)907,367906,573905,823661,198660,973
Market capitalization$45,895$51,103$42,085$30,951$29,446
Financial Ratios
Return on average assets1.14%1.08%0.25%1.36%1.21%
Return on average common equity10.2%9.5%1.8%14.0%12.6%
Return on average tangible common equity(a)
16.6%15.6%3.5%19.0%17.3%
Noninterest income as a percent of total revenue(a)
31%32%32%35%34%
Dividend payout46.2%47.6%250.0%38.1%44.0%
Average total Bancorp shareholders’ equity as a percent of average assets
11.37%11.50%11.34%10.11%10.02%
Tangible common equity(a)
8.39%8.30%8.26%8.46%8.29%
Net interest margin (FTE)(a)
3.34%3.36%3.30%3.13%3.13%
Efficiency (FTE)(a)
62.4%64.3%84.5%55.8%54.9%
Effective tax rate21.8%22.7%20.1%19.8%22.6%
Credit Quality
Net losses charged-off(h)
$139$135$144$125$339
Net losses charged-off as a percent of average portfolio loans and leases (annualized)0.31%0.30%0.37%0.40%1.09%
ALLL as a percent of portfolio loans and leases1.61%1.63%1.66%1.84%1.84%
ACL as a percent of portfolio loans and leases(f)
1.74%1.76%1.79%1.96%1.96%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO0.64%0.60%0.57%0.65%0.65%
Average Balances
Loans and leases, including held for sale$180,011$178,707$158,283$124,147$123,993
Securities and other short-term investments90,01286,28279,67869,99769,507
Assets302,119297,948265,551213,021211,770
Transaction deposits(b)
223,537216,113194,904155,895151,669
Core deposits(c)
235,639228,516206,545166,436162,510
Wholesale funding(d)
23,25225,91221,55118,85321,821
Bancorp shareholders’ equity
34,33834,26030,10821,52721,216
Regulatory Capital Ratios(e)
CET1 capital
10.02%9.93%9.89%10.81%10.57%
Tier 1 risk-based capital
10.90%10.81%10.79%11.87%11.63%
Total risk-based capital
12.54%12.50%12.50%13.78%13.54%
Leverage9.22%9.20%10.22%9.41%9.24%
Additional Metrics
Banking centers1,4291,5001,4891,1301,102
ATMs2,5492,6482,6432,1992,184
Full-time equivalent employees25,06925,19725,98018,67618,476
Assets under care ($ in billions)(g)
$880$902$865$690$681
Assets under management ($ in billions)(g)
1251281198077
(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.
(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 $100 million which were taken at the time of acquisition.

15

Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millionsFor the Three Months Ended% ChangeYear to Date% Change
(unaudited)SeptemberJuneSeptemberSeptemberSeptember
202620262025SeqYr/Yr20262025Yr/Yr
Interest Income
Interest and fees on loans and leases$2,669$2,607$1,9092%40%$7,570$5,60435%
Interest on securities6315984446%42%1,7301,35428%
Interest on other short-term investments19816716619%19%54347714%
Total interest income3,4983,3722,5194%39%9,8437,43532%
Interest Expense
Interest on deposits98389175010%31%2,6882,22621%
Interest on short-term borrowings
283861(26%)(54%)71181(61%)
Interest on long-term debt216228188(5%)15%66457515%
Total interest expense1,2271,1579996%23%3,4232,98215%
Net Interest Income2,2712,2151,5203%49%6,4204,45344%
Provision for credit losses122129197(5%)(38%)479544(12%)
Net Interest Income After Provision for Credit Losses2,1492,0861,3233%62%5,9413,90952%
Noninterest Income
Wealth and asset management revenue2592561811%43%74851944%
Commercial payments revenue2562541571%63%72846258%
Consumer banking revenue158161144(2%)10%4654289%
Capital markets fees147154115(5%)28%43529448%
Commercial banking revenue128125872%47%35824745%
Mortgage banking net revenue47395821%(19%)130171(24%)
Other noninterest income185029(64%)(38%)958610%
Securities gains (losses), net(5)2010NMNM317(82%)
Total noninterest income1,0081,059781(5%)29%2,9622,22433%
Noninterest Expense
Compensation and benefits9821,129685(13%)43%3,5212,13265%
Technology and communications30025012820%134%75337899%
Net occupancy expense14415489(6%)62%43926069%
Card and processing expense606622(9%)173%20565215%
Equipment expense596044(2%)34%17312637%
Loan and lease expense475339(11%)21%14210535%
Marketing expense576534(12%)68%17110563%
Other noninterest expense40033222620%77%1,14966473%
Total noninterest expense2,0492,1091,267(3%)62%6,5533,83571%
Income Before Income Taxes1,1081,0368377%32%2,3502,2982%
Applicable income tax expense2422351883%29%5185072%
Net Income8668016498%33%1,8321,7912%
Dividends on preferred stock383841—(7%)113114(1%)
Net Income Available to Common Shareholders$828$763$6089%36%$1,719$1,6773%

16

Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millionsFor the Three Months Ended
(unaudited)SeptemberJuneMarchDecemberSeptember
20262026202620252025
Interest Income
Interest and fees on loans and leases$2,669$2,607$2,293$1,862$1,909
Interest on securities631598501431444
Interest on other short-term investments198167178175166
Total interest income3,4983,3722,9722,4682,519
Interest Expense
Interest on deposits983891813726750
Interest on short-term borrowings
283853461
Interest on long-term debt216228220179188
Total interest expense1,2271,1571,038939999
Net Interest Income2,2712,2151,9341,5291,520
Provision for credit losses122129227119197
Net Interest Income After Provision for Credit Losses2,1492,0861,7071,4101,323
Noninterest Income
Wealth and asset management revenue259256233185181
Commercial payments revenue256254218167157
Consumer banking revenue158161146143144
Capital markets fees147154134121115
Commercial banking revenue12812510510287
Mortgage banking net revenue4739445658
Other noninterest income1850274229
Securities (losses) gains, net(5)20(12)(5)10
Total noninterest income1,0081,059895811781
Noninterest Expense
Compensation and benefits9821,1291,410683685
Technology and communications300250204138128
Net occupancy expense1441541408989
Card and processing expense6066792722
Equipment expense5960554344
Loan and lease expense4753424139
Marketing expense5765503734
Other noninterest expense400332415251226
Total noninterest expense2,0492,1092,3951,3091,267
Income Before Income Taxes1,1081,036207912837
Applicable income tax expense24223542181188
Net Income866801165731649
Dividends on preferred stock3838373241
Net Income Available to Common Shareholders$828$763$128$699$608

17


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share dataAs of% Change
(unaudited)SeptemberJuneSeptember
202620262025SeqYr/Yr
Assets
Cash and due from banks$4,086$4,374$2,901(7%)41%
Other short-term investments16,52019,35017,215(15%)(4%)
Available-for-sale debt and other securities(a)
42,98444,46636,461(3%)18%
Held-to-maturity securities(b)
20,86218,40411,49813%81%
Trading debt securities1,7601,8531,266(5%)39%
Equity securities471495287(5%)64%
Loans and leases held for sale728866576(16%)26%
Portfolio loans and leases:
  Commercial and industrial loans86,14485,73653,947—60%
  Commercial mortgage loans27,48627,19611,9321%130%
  Commercial construction loans8,9578,4595,3266%68%
  Commercial leases3,7793,4893,2188%17%
Total commercial loans and leases126,366124,88074,4231%70%
  Residential mortgage loans19,89519,71317,6441%13%
  Home equity7,1326,9294,6783%52%
  Indirect secured consumer loans18,19618,18617,885—2%
  Credit card1,6601,6831,692(1%)(2%)
  Solar energy installation loans4,1934,3144,432(3%)(5%)
  Other consumer loans2,8302,8232,376—19%
Total consumer loans53,90653,64848,707—11%
Portfolio loans and leases180,272178,528123,1301%46%
Allowance for loan and lease losses(2,906)(2,918)(2,265)—28%
Portfolio loans and leases, net177,366175,610120,8651%47%
Bank premises and equipment3,3363,3432,655—26%
Goodwill9,9849,9904,947—102%
Intangible assets1,1901,25376(5%)NM
Servicing rights1,6691,6071,6014%4%
Other assets20,26818,56912,5559%61%
Total Assets$301,224$300,180$212,903—41%
Liabilities
Deposits:
  Demand $64,747$63,928$41,8301%55%
  Interest checking 81,78470,52757,23916%43%
  Savings 18,00218,16116,110(1%)12%
  Money market 60,84265,93238,748(8%)57%
  CDs $250,000 or less11,57612,70810,667(9%)9%
  CDs over $250,0002,5352,8851,975(12%)28%
Total deposits239,486234,141166,5692%44%
Short-term borrowings1,2004,6335,260(74%)(77%)
Accrued taxes, interest and expenses2,9553,0221,943(2%)52%
Other liabilities7,3306,2664,34717%69%
Long-term debt16,93817,63613,677(4%)24%
Total Liabilities267,909265,698191,7961%40%
Equity
Common stock(c)
2,5852,5852,051—26%
Preferred stock2,1822,1821,770—23%
Capital surplus15,61915,6033,813—310%
Retained earnings26,08525,64525,0572%4%
Accumulated other comprehensive loss(4,919)(3,286)(3,276)50%50%
Treasury stock(8,237)(8,247)(8,308)—(1%)
Total Equity33,31534,48221,107(3%)58%
Total Liabilities and Equity$301,224$300,180$212,903—41%
(a) Amortized cost$47,718$47,623$39,617—20%
(b) Market values19,823 18,258 11,506 9%72%
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized2,000,0002,000,0002,000,000——
Outstanding, excluding treasury907,367906,573660,973——
Treasury256,872257,666262,919——

18

Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share dataAs of
(unaudited)SeptemberJuneMarchDecemberSeptember
20262026202620252025
Assets
Cash and due from banks$4,086$4,374$4,084$3,499$2,901
Other short-term investments16,52019,35017,45618,87617,215
Available-for-sale debt and other securities(a)
42,98444,46646,16136,15936,461
Held-to-maturity securities(b)
20,86218,40416,38911,36811,498
Trading debt securities1,7601,8531,6691,0571,266
Equity securities471495544453287
Loans and leases held for sale7288661,365733576
Portfolio loans and leases:
  Commercial and industrial loans86,14485,73683,86452,74953,947
  Commercial mortgage loans27,48627,19627,14312,22811,932
  Commercial construction loans8,9578,4598,3295,3165,326
  Commercial leases3,7793,4893,5233,2693,218
Total commercial loans and leases126,366124,880122,85973,56274,423
  Residential mortgage loans19,89519,71319,50717,65217,644
  Home equity7,1326,9296,7354,8464,678
  Indirect secured consumer loans18,19618,18618,29617,96417,885
  Credit card1,6601,6831,6581,7471,692
  Solar energy installation loans4,1934,3144,4654,5604,432
  Other consumer loans2,8302,8232,7302,3202,376
Total consumer loans53,90653,64853,39149,08948,707
Portfolio loans and leases180,272178,528176,250122,651123,130
Allowance for loan and lease losses(2,906)(2,918)(2,922)(2,253)(2,265)
Portfolio loans and leases, net177,366175,610173,328120,398120,865
Bank premises and equipment3,3363,3433,2832,7342,655
Goodwill9,9849,9909,9664,9474,947
Intangible assets1,1901,2531,2336976
Servicing rights1,6691,6071,5831,5981,601
Other assets20,26818,56919,97812,48512,555
Total Assets$301,224$300,180$297,039$214,376$212,903
Liabilities
Deposits:
  Demand $64,747$63,928$65,335$42,647$41,830
  Interest checking81,78470,52772,42561,15557,239
  Savings 18,00218,16118,61016,15516,110
  Money market 60,84265,93262,34539,28538,748
CDs $250,000 or less11,57612,70811,80710,59910,667
CDs over $250,0002,5352,8853,0991,9781,975
Total deposits239,486234,141233,621171,819166,569
Short-term borrowings1,2004,6331,2899265,260
Accrued taxes, interest and expenses2,9553,0222,6282,0831,943
Other liabilities7,3306,2666,6424,2354,347
Long-term debt16,93817,63618,75313,58913,677
Total Liabilities267,909265,698262,933192,652191,796
Equity
Common stock(c)
2,5852,5852,5852,0512,051
Preferred stock2,1822,1822,1821,7701,770
Capital surplus15,61915,60315,5863,8313,813
Retained earnings26,08525,64525,24825,48825,057
Accumulated other comprehensive loss(4,919)(3,286)(3,234)(3,110)(3,276)
Treasury stock(8,237)(8,247)(8,261)(8,306)(8,308)
Total Equity33,31534,48234,10621,72421,107
Total Liabilities and Equity$301,224$300,180$297,039$214,376$212,903
(a) Amortized cost$47,718$47,623$49,238$39,107$39,617
(b) Market values19,82318,25816,34111,40411,506
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized2,000,0002,000,0002,000,0002,000,0002,000,000
Outstanding, excluding treasury907,367906,573905,823661,198660,973
Treasury256,872257,666258,416262,695262,919
19

Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Changes in Equity
$ in millions
(unaudited)
For the Three Months EndedYear to Date
SeptemberSeptemberSeptemberSeptember
2026202520262025
Total Equity, Beginning$34,482$21,124$21,724$19,645
Net income8666491,8321,791
Other comprehensive (loss) income, net of tax:
Change in unrealized (losses) gains:
Available-for-sale debt securities(1,203)230(1,365)890
Qualifying cash flow hedges(457)14(577)397
Amortization of unrealized losses on securities transferred to held-to-maturity25257172
Change in accumulated other comprehensive income related to employee benefit plans21621
Comprehensive income (loss)(767)919233,151
Cash dividends declared:
Common stock(388)(269)(1,122)(770)
Preferred stock(38)(37)(113)(110)
Impact of Comerica acquisition——12,676—
Impact of stock transactions under stock compensation plans, net262312870
Shares acquired for treasury—(303)—(529)
Redemption of preferred stock—(350)—(350)
Other——(1)—
Total Equity, Ending$33,315$21,107$33,315$21,107
    
20

Fifth Third Bancorp and Subsidiaries
Average Balance Sheets and Yield/Rate AnalysisFor the Three Months Ended
$ in millionsSeptemberJuneSeptember
(unaudited)202620262025
AverageAverageAverageAverageAverageAverage
BalanceYield/RateBalanceYield/RateBalanceYield/Rate
Assets
Interest-earning assets:
Loans and leases:
  Commercial and industrial loans(a)
$86,0525.89%$85,2605.90%$54,1966.20%
  Commercial mortgage loans(a)
27,2975.96%27,2155.82%12,0436.26%
  Commercial construction loans(a)
8,8106.49%8,5046.50%5,5417.17%
  Commercial leases(a)
3,5744.67%3,5034.61%3,1774.70%
Total commercial loans and leases125,7335.91%124,4825.89%74,9576.22%
  Residential mortgage loans20,3724.25%20,3624.16%18,2794.03%
  Home equity7,0236.90%6,8306.95%4,5807.43%
  Indirect secured consumer loans18,1825.54%18,2395.53%17,7295.65%
  Credit card1,64614.07%1,64613.69%1,67814.26%
  Solar energy installation loans4,2447.82%4,3847.93%4,3558.76%
  Other consumer loans2,8118.64%2,7648.66%2,4159.25%
Total consumer loans54,2785.83%54,2255.80%49,0365.96%
Total loans and leases180,0115.89%178,7075.86%123,9936.12%
Securities:
Taxable securities67,1703.68%66,5323.55%53,2443.25%
Tax exempt securities(a)
1,3733.23%1,3923.25%1,3483.18%
Other short-term investments21,4693.66%18,3583.64%14,9154.43%
Total interest-earning assets270,0235.15%264,9895.11%193,5005.18%
Cash and due from banks3,4493,3072,485
Other assets31,56532,57418,196
Allowance for loan and lease losses(2,918)(2,922)(2,411)
Total Assets$302,119$297,948$211,770
Liabilities
Interest-bearing liabilities:
  Interest checking deposits$75,0252.26%$70,5072.15%$56,6242.72%
  Savings deposits18,0370.36%18,4300.35%16,3760.46%
  Money market deposits66,2472.56%63,2002.43%37,4342.40%
  CDs $250,000 or less12,1022.97%12,4032.94%10,8413.46%
Total interest-bearing core deposits171,4112.23%164,5402.11%121,2752.38%
  CDs over $250,0002,7053.17%2,9903.25%2,2444.00%
Total interest-bearing deposits174,1162.24%167,5302.13%123,5192.41%
  Federal funds purchased1813.69%1603.65%1984.35%
  Securities sold under repurchase agreements3951.63%4441.69%3761.65%
  FHLB advances2,3653.89%3,4373.88%4,9204.51%
  Derivative collateral and other secured borrowings936.33%647.25%826.13%
  Long-term debt17,5134.90%18,8174.87%14,0015.31%
Total interest-bearing liabilities194,6632.50%190,4522.44%143,0962.77%
Demand deposits64,22863,97641,235
Other liabilities8,8909,2606,223
Total Liabilities267,781263,688190,554
Total Equity34,33834,26021,216
Total Liabilities and Equity$302,119$297,948$211,770
Ratios:
  Net interest margin (FTE)(b)
3.34%3.36%3.13%
  Net interest rate spread (FTE)(b)
2.65%2.67%2.41%
  Interest-bearing liabilities to interest-earning assets72.09%71.87%73.95%
(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 27.









21

Fifth Third Bancorp and Subsidiaries
Average Balance Sheets and Yield/Rate AnalysisYear to Date
$ in millionsSeptemberSeptember
(unaudited)20262025
AverageAverageAverageAverage
BalanceYield/RateBalanceYield/Rate
Assets
Interest-earning assets:
Loans and leases:
  Commercial and industrial loans(a)
$81,5865.89%$53,9166.23%
  Commercial mortgage loans(a)
25,5245.88%12,2826.12%
  Commercial construction loans(a)
8,2066.48%5,7207.09%
  Commercial leases(a)
3,4764.71%3,1364.77%
Total commercial loans and leases118,7925.90%75,0546.22%
  Residential mortgage loans20,0524.20%18,1393.99%
  Home equity6,6436.95%4,3967.47%
  Indirect secured consumer loans18,1755.54%17,1565.62%
  Credit card1,65013.90%1,65514.44%
  Solar energy installation loans4,3807.98%4,2828.30%
  Other consumer loans2,7228.69%2,4659.24%
Total consumer loans53,6225.83%48,0935.90%
Total loans and leases172,4145.88%123,1476.09%
Securities:
  Taxable securities64,1283.55%54,4413.26%
  Tax exempt securities(a)
1,3763.25%1,3623.18%
Other short-term investments19,8583.65%14,0504.54%
Total interest-earning assets257,7765.11%193,0005.16%
Cash and due from banks3,2752,437
Other assets30,46517,911
Allowance for loan and lease losses(2,843)(2,383)
Total Assets$288,673$210,965
Liabilities
Interest-bearing liabilities:
  Interest checking deposits$70,9962.20%$57,1032.70%
  Savings deposits18,0060.35%16,8520.49%
  Money market deposits61,2662.47%36,7312.41%
  CDs $250,000 or less12,0503.01%10,5743.54%
Total interest-bearing core deposits162,3182.16%121,2602.38%
  CDs over $250,0002,8333.27%2,2634.17%
Total interest-bearing deposits165,1512.18%123,5232.41%
  Federal funds purchased1733.67%1994.37%
  Securities sold under repurchase agreements3871.51%3391.27%
  FHLB advances1,9753.89%4,8884.57%
  Derivative collateral and other secured borrowings806.97%856.06%
  Long-term debt18,1294.90%14,3935.35%
Total interest-bearing liabilities185,8952.46%143,4272.78%
Demand deposits61,35640,641
Other liabilities8,5056,264
Total Liabilities255,756190,332
Total Equity32,91720,633
Total Liabilities and Equity$288,673$210,965
Ratios:
  Net interest margin (FTE)(b)
3.34%3.10%
  Net interest rate spread (FTE)(b)
2.65%2.38%
  Interest-bearing liabilities to interest-earning assets72.12%74.31%
(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 27.

22

Fifth Third Bancorp and Subsidiaries
Summary of Loans and Leases
$ in millionsFor the Three Months Ended
(unaudited)SeptemberJuneMarchDecemberSeptember
20262026202620252025
Average Portfolio Loans and Leases
Commercial loans and leases:
  Commercial and industrial loans$85,982$84,967$73,264$53,947$54,170
  Commercial mortgage loans27,26327,17621,96912,07912,027
  Commercial construction loans8,7448,4377,2785,3995,541
  Commercial leases3,5743,5033,3473,1723,177
Total commercial loans and leases125,563124,083105,85874,59774,915
Consumer loans:
  Residential mortgage loans19,77519,62618,84817,66017,656
  Home equity7,0236,8306,0644,7694,579
  Indirect secured consumer loans18,18218,23918,10517,87917,729
  Credit card1,6461,6461,6591,6941,678
  Solar energy installation loans4,2444,3844,5164,4864,355
  Other consumer loans2,8112,7642,5822,3452,414
Total consumer loans53,68153,48951,77448,83348,411
Total average portfolio loans and leases$179,244$177,572$157,632$123,430$123,326
Average Loans and Leases Held for Sale
Commercial loans and leases held for sale$170$399$85$19$44
Consumer loans held for sale597736566698623
Average loans and leases held for sale$767$1,135$651$717$667
End of Period Portfolio Loans and Leases
Commercial loans and leases:
  Commercial and industrial loans$86,144$85,736$83,864$52,749$53,947
  Commercial mortgage loans27,48627,19627,14312,22811,932
  Commercial construction loans8,9578,4598,3295,3165,326
  Commercial leases3,7793,4893,5233,2693,218
Total commercial loans and leases126,366124,880122,85973,56274,423
Consumer loans:
  Residential mortgage loans19,89519,71319,50717,65217,644
  Home equity7,1326,9296,7354,8464,678
  Indirect secured consumer loans18,19618,18618,29617,96417,885
  Credit card1,6601,6831,6581,7471,692
  Solar energy installation loans4,1934,3144,4654,5604,432
  Other consumer loans2,8302,8232,7302,3202,376
Total consumer loans53,90653,64853,39149,08948,707
Total portfolio loans and leases$180,272$178,528$176,250$122,651$123,130
End of Period Loans and Leases Held for Sale
Commercial loans and leases held for sale$233$171$651$75$8
Consumer loans held for sale495695714658568
Loans and leases held for sale$728$866$1,365$733$576
Operating lease equipment$454$417$416$374$379
Loans and Leases Serviced for Others(a)
Commercial and industrial loans$2,144$1,838$1,801$1,290$1,206
Commercial mortgage loans2,7182,193518501558
Commercial construction loans769292318291304
Commercial leases777817821853764
Residential mortgage loans85,09185,90786,73387,82789,639
Solar energy installation loans622643665686692
Other consumer loans7681869298
Total loans and leases serviced for others92,19791,77190,94291,54093,261
Total loans and leases owned or serviced$273,651$271,582$268,973$215,298$217,346
(a)Fifth Third sells certain loans and leases and obtains servicing responsibilities.
23

Fifth Third Bancorp and Subsidiaries
Regulatory Capital
$ in millionsAs of
(unaudited)SeptemberJuneMarchDecemberSeptember
2026(a)
2026202620252025
Regulatory Capital
CET1 capital$25,002$24,508$24,136$18,099$17,645
Additional tier 1 capital2,1822,1822,1821,7701,770
Tier 1 capital27,18426,69026,31819,86919,415
Tier 2 capital4,0994,1734,1793,1973,204
Total regulatory capital$31,283$30,863$30,497$23,066$22,619
Risk-weighted assets
$249,506$246,820$243,964$167,431$166,999
Ratios
Average total Bancorp shareholders' equity as a percent of average assets
11.37%11.50%11.34%10.11%10.02%
Regulatory Capital Ratios
Fifth Third Bancorp
CET1 capital
10.02%9.93%9.89%10.81%10.57%
Tier 1 risk-based capital
10.90%10.81%10.79%11.87%11.63%
Total risk-based capital
12.54%12.50%12.50%13.78%13.54%
Leverage9.22%9.20%10.22%9.41%9.24%
Fifth Third Bank, National Association
Tier 1 risk-based capital
11.73%11.70%11.73%13.09%12.95%
Total risk-based capital
12.96%12.95%13.00%14.33%14.19%
Leverage9.96%9.99%11.16%10.41%10.31%
(a)Current period regulatory capital data and ratios are estimated.
24

Fifth Third Bancorp and Subsidiaries
Summary of Credit Loss Experience
$ in millionsFor the Three Months Ended
(unaudited)SeptemberJuneMarchDecemberSeptember
20262026202620252025
Average portfolio loans and leases:
  Commercial and industrial loans$85,982$84,967$73,264$53,947$54,170
  Commercial mortgage loans27,26327,17621,96912,07912,027
  Commercial construction loans8,7448,4377,2785,3995,541
  Commercial leases3,5743,5033,3473,1723,177
Total commercial loans and leases125,563124,083105,85874,59774,915
  Residential mortgage loans19,77519,62618,84817,66017,656
  Home equity7,0236,8306,0644,7694,579
  Indirect secured consumer loans18,18218,23918,10517,87917,729
  Credit card1,6461,6461,6591,6941,678
  Solar energy installation loans4,2444,3844,5164,4864,355
  Other consumer loans2,8112,7642,5822,3452,414
Total consumer loans53,68153,48951,77448,83348,411
Total average portfolio loans and leases$179,244$177,572$157,632$123,430$123,326
Losses charged-off:
  Commercial and industrial loans($84)($73)($77)($61)($280)
  Commercial mortgage loans———(7)(2)
  Commercial construction loans—————
  Commercial leases———(1)—
Total commercial loans and leases(84)(73)(77)(69)(282)
  Residential mortgage loans(1)(1)———
  Home equity(1)(1)(2)(2)(1)
  Indirect secured consumer loans(35)(36)(40)(41)(34)
  Credit card(19)(20)(19)(20)(20)
  Solar energy installation loans(29)(29)(26)(22)(20)
  Other consumer loans(23)(21)(23)(23)(25)
Total consumer loans(108)(108)(110)(108)(100)
Total losses charged-off($192)($181)($187)($177)($382)
Recoveries of losses previously charged-off:
  Commercial and industrial loans$9$8$8$17$6
  Commercial mortgage loans6——11
  Commercial construction loans—1———
  Commercial leases—————
Total commercial loans and leases1598187
  Residential mortgage loans11—11
  Home equity21212
  Indirect secured consumer loans1818161416
  Credit card55554
  Solar energy installation loans64354
  Other consumer loans68989
Total consumer loans3837353436
Total recoveries of losses previously charged-off$53$46$43$52$43
Net losses charged-off:
  Commercial and industrial loans($75)($65)($69)($44)($274)
  Commercial mortgage loans6——(6)(1)
  Commercial construction loans—1———
  Commercial leases———(1)—
Total commercial loans and leases(69)(64)(69)(51)(275)
  Residential mortgage loans———11
  Home equity1——(1)1
  Indirect secured consumer loans(17)(18)(24)(27)(18)
  Credit card(14)(15)(14)(15)(16)
  Solar energy installation loans(23)(25)(23)(17)(16)
  Other consumer loans(17)(13)(14)(15)(16)
Total consumer loans(70)(71)(75)(74)(64)
Total net losses charged-off(a)
($139)($135)($144)($125)($339)
Net losses charged-off as a percent of average portfolio loans and leases (annualized):
  Commercial and industrial loans0.35%0.31%0.38%0.32%2.01%
  Commercial mortgage loans(0.09%)(0.01%)—0.21%0.04%
  Commercial construction loans(0.01%)(0.02%)(0.02%)——
  Commercial leases—(0.01%)—0.16%(0.04%)
Total commercial loans and leases0.22%0.21%0.26%0.27%1.46%
  Residential mortgage loans——(0.01%)(0.01%)(0.02%)
  Home equity(0.03%)(0.02%)0.01%0.06%(0.05%)
  Indirect secured consumer loans0.37%0.40%0.54%0.59%0.40%
  Credit card3.45%3.60%3.51%3.62%3.70%
  Solar energy installation loans2.18%2.25%2.03%1.45%1.47%
  Other consumer loans2.34%1.95%2.19%2.46%2.51%
Total consumer loans0.52%0.53%0.58%0.59%0.52%
Total net losses charged-off as a percent of average portfolio loans and leases (annualized)0.31%0.30%0.37%0.40%1.09%
(a)Excludes net charge-offs of $100 million which were taken at the time of acquisition.
25

Fifth Third Bancorp and Subsidiaries
Asset Quality
$ in millionsFor the Three Months Ended
(unaudited)SeptemberJuneMarchDecemberSeptember
20262026202620252025
Allowance for Credit Losses
Allowance for loan and lease losses, beginning$2,918$2,922$2,253$2,265$2,412
  Total net losses charged-off(e)
(139)(135)(144)(125)(339)
Provision for loan and lease losses127131152113192
Allowance on PCD loans and leases at acquisition—(1)180——
Allowance on PSLs at acquisition—1481——
Allowance for loan and lease losses, ending$2,906$2,918$2,922$2,253$2,265
Reserve for unfunded commitments, beginning$230$232$157$151$146
(Benefit from) provision for the reserve for unfunded commitments(5)(2)7565
Reserve for unfunded commitments, ending$225$230$232$157$151
Components of allowance for credit losses:
  Allowance for loan and lease losses$2,906$2,918$2,922$2,253$2,265
  Reserve for unfunded commitments225230232157151
Total allowance for credit losses$3,131$3,148$3,154$2,410$2,416
As of
SeptemberJuneMarchDecemberSeptember
20262026202620252025
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
  Commercial and industrial loans$449$455$417$393$393
  Commercial mortgage loans14194943442
  Commercial construction loans646262——
  Commercial leases44———
  Residential mortgage loans159176164149142
  Home equity1351311047172
  Indirect secured consumer loans6162586161
  Credit card2929302929
  Solar energy installation loans2323262222
  Other consumer loans55587
Total nonaccrual portfolio loans and leases1,0701,041960767768
Repossessed property910111112
OREO(d)
8124281921
Total nonperforming portfolio loans and leases and OREO1,1601,075999797801
Nonaccrual loans held for sale162167141704
Total nonperforming assets$1,322$1,242$1,140$867$805
Loans and leases 90 days past due (accrual):
  Commercial and industrial loans$5$4$3$2$2
  Commercial mortgage loans4119——
  Commercial construction loans——21—
  Commercial leases——1——
Total commercial loans and leases952532
  Residential mortgage loans(c)
161171011
  Credit card1616171716
  Other consumer loans11———
Total consumer loans3328242727
Total loans and leases 90 days past due (accrual)(b)
$42$33$49$30$29
Ratios
Net losses charged-off as a percent of average portfolio loans and leases (annualized)0.31%0.30%0.37%0.40%1.09%
Allowance for credit losses:
As a percent of portfolio loans and leases1.74%1.76%1.79%1.96%1.96%
   As a percent of nonperforming portfolio loans and leases(a)
292%303%328%314%314%
   As a percent of nonperforming portfolio assets(a)
270%293%316%302%302%
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a)
0.59%0.58%0.54%0.62%0.62%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a)
0.64%0.60%0.57%0.65%0.65%
Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property0.73%0.69%0.64%0.70%0.65%
(a) Excludes nonaccrual loans held for sale.
(b) Excludes loans held for sale.
(c) Excludes government guaranteed residential mortgage loans.
(d) Includes branch-related real estate no longer intended to be used for banking purposes.
(e) Excludes net charge-offs of $100 million which were taken at the time of acquisition.


26


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 earnings per share," “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 that 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.
27

Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ and shares in millionsAs of and For the Three Months Ended
(unaudited)SeptemberJuneMarchDecemberSeptember
20262026202620252025
Net interest income$2,271$2,215$1,934$1,529$1,520
Add: Taxable equivalent adjustment55545
Net interest income (FTE) (a)2,2762,2201,9391,5331,525
Net interest income (annualized) (b)9,0108,8847,8436,0666,030
Net interest income (FTE) (annualized) (c)9,0308,9047,8646,0826,050
Interest income3,4983,3722,9722,4682,519
Add: Taxable equivalent adjustment55545
Interest income (FTE)3,5033,3772,9772,4722,524
Interest income (FTE) (annualized) (d)13,89813,54512,0739,80710,014
Interest expense (annualized) (e)4,8684,6414,2103,7253,963
Average interest-earning assets (f)270,023264,989237,961194,144193,500
Average interest-bearing liabilities (g)194,663190,452172,326143,518143,096
Net interest margin (b) / (f)3.34 %3.35 %3.30 %3.12 %3.12 %
Net interest margin (FTE) (c) / (f)3.34 %3.36 %3.30 %3.13 %3.13 %
Net interest rate spread (FTE) (d) / (f) - (e) / (g)2.65 %2.67 %2.63 %2.45 %2.41 %
Income before income taxes$1,108$1,036$207$912$837
Add: Taxable equivalent adjustment55545
Income before income taxes (FTE)1,1131,041212916842
Net income available to common shareholders828763128699608
Add: Intangible amortization, net of tax48483455
Tangible net income available to common shareholders (h)876811162704613
Tangible net income available to common shareholders (annualized) (i)3,4753,2536572,7932,432
Average Bancorp shareholders’ equity
34,33834,26030,10821,52721,216
Less: Average preferred stock(2,182)(2,182)(2,040)(1,770)(2,112)
Average goodwill(9,976)(9,973)(8,686)(4,947)(4,937)
Average intangible assets(1,221)(1,257)(841)(72)(77)
Average tangible common equity, including AOCI (j)20,95920,84818,54114,73814,090
Less:Average AOCI3,8133,3763,0803,1373,520
Average tangible common equity, excluding AOCI (k)24,77224,22421,62117,87517,610
Total Bancorp shareholders’ equity
33,31534,48234,10621,72421,107
Less:Preferred stock(2,182)(2,182)(2,182)(1,770)(1,770)
Goodwill(9,984)(9,990)(9,966)(4,947)(4,947)
Intangible assets(1,190)(1,253)(1,233)(69)(76)
Tangible common equity, including AOCI (l)19,95921,05720,72514,93814,314
Less:AOCI4,9193,2863,2343,1103,276
Tangible common equity, excluding AOCI (m)24,87824,34323,95918,04817,590
Add:Preferred stock2,1822,1822,1821,7701,770
Tangible equity (n)27,06026,52526,14119,81819,360
Total assets301,224300,180297,039214,376212,903
Less:Goodwill(9,984)(9,990)(9,966)(4,947)(4,947)
Intangible assets(1,190)(1,253)(1,233)(69)(76)
Tangible assets, including AOCI (o)290,050288,937285,840209,360207,880
Less:AOCI, before tax6,4724,3244,2554,0924,311
Tangible assets, excluding AOCI (p)$296,522$293,261$290,095$213,452$212,191
Common shares outstanding (q)907907906661661
Tangible equity (n) / (p)9.13%9.04%9.01%9.28%9.12%
Tangible common equity (excluding AOCI) (m) / (p)8.39%8.30%8.26%8.46%8.29%
Tangible common equity (including AOCI) (l) / (o)6.88%7.29%7.25%7.14%6.89%
Tangible book value per share (including AOCI) (l) / (q)$22.01$23.22$22.88$22.60$21.66
Tangible book value per share (excluding AOCI) (m) / (q)$27.43$26.84$26.44$27.30$26.61
28

Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ in millionsFor the Three Months Ended
(unaudited)SeptemberJuneSeptember
202620262025
Net income (r)$866$801$649
Net income (annualized) (s)3,4363,2132,575
Adjustments (pre-tax items)
Merger-related charges225203—
Interchange litigation matters34227
Technology-related asset impairments197—
Other securities losses/(gains), net5(30)(10)
Securities repositioning losses—10—
Severance expense—7—
FDIC special assessment——(6)
Non-qualified deferred compensation expense/(benefit)(6)3011
Adjustments, pre-tax27722922
Applicable income tax expense on adjustments67546
Adjustments, after-tax (t)(a)(b)
21017516
Noninterest income (u)1,0081,059781
Interchange litigation matters29118
Merger-related charges10——
Securities repositioning losses—10—
Noninterest income excluding certain item(s)1,0471,070799
Other securities losses/(gains), net5(30)(10)
Adjusted noninterest income, excluding certain items and securities losses (v)1,0521,040789
Noninterest expense (w)2,0492,1091,267
Merger-related charges(215)(203)—
Technology-related asset impairments(19)(7)—
Interchange litigation matters(5)(1)(9)
Severance expense—(7)—
FDIC special assessment——6
Noninterest expense excluding certain item(s)1,8101,8911,264
Non-qualified deferred compensation (expense)/benefit6(30)(11)
Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (x)1,8161,8611,253
Adjusted net income (r) + (t)1,076976665
Adjusted net income (annualized) (y)4,2693,9152,638
Adjusted tangible net income available to common shareholders (h) + (t)1,086986629
Adjusted tangible net income available to common shareholders (annualized) (z)4,3093,9552,495
Average assets (aa)$302,119$297,948$211,770
Return on average tangible common equity (i) / (j)16.6%15.6%17.3%
Return on average tangible common equity excluding AOCI (i) / (k)14.0%13.4%13.8%
Adjusted return on average tangible common equity, including AOCI (z) / (j)20.6%19.0%17.7%
Adjusted return on average tangible common equity, excluding AOCI (z) / (k)17.4%16.3%14.2%
Return on average assets (s) / (aa)1.14%1.08%1.21%
Adjusted return on average assets (y) / (aa)1.41%1.31%1.25%
Efficiency ratio (FTE) (w) / [(a) + (u)]62.4%64.3%54.9%
Adjusted efficiency ratio (x) / [(a) + (v)]54.6%57.1%54.1%
Total revenue (FTE) (a) + (u)$3,284$3,279$2,306
Adjusted total revenue (FTE) (a) + (v)$3,328$3,260$2,314
Pre-provision net revenue (PPNR) (a) + (u) - (w)$1,235$1,170$1,039
Adjusted pre-provision net revenue (PPNR) (a) + (v) - (x)$1,512$1,399$1,061
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.

29

Fifth Third Bancorp and Subsidiaries
Segment Presentation
$ in millions
(unaudited)
For the three months ended September 30, 2026Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Income Statement Data
Net interest income (FTE)(a)
$1,147$1,274$112$(257)$2,276
(Provision for) benefit from credit losses(80)(89)(7)54(122)
Net interest income after (provision for) benefit from credit losses1,0671,185105(203)2,154
Noninterest income512326183(13)1,008
Noninterest expense(761)(855)(182)(251)(2,049)
Income (loss) before income taxes (FTE)(a)
$818$656$106$(467)$1,113
Average Balance Sheet Data
Total loans and leases$114,568$55,931$9,504$8$180,011
Core deposits$99,167$121,371$12,869$2,232$235,639
For the three months ended June 30, 2026Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Income Statement Data
Net interest income (FTE)(a)
$1,115$1,237$113$(245)$2,220
(Provision for) benefit from credit losses(25)(82)4(26)(129)
Net interest income after (provision for) benefit from credit losses1,0901,155117(271)2,091
Noninterest income507321186451,059
Noninterest expense(757)(860)(185)(307)(2,109)
Income (loss) before income taxes (FTE)(a)
$840$616$118$(533)$1,041
Average Balance Sheet Data
Total loans and leases$113,297$55,675$9,709$26$178,707
Core deposits$95,241$117,628$12,961$2,686$228,516
For the three months ended March 31, 2026
Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Income Statement Data
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
Average Balance Sheet Data
Total loans and leases$96,110$54,165$7,970$38$158,283
Core deposits$85,160$107,247$12,069$2,069$206,545
For the three months ended December 31, 2025
Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Income Statement Data
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
Average Balance Sheet Data
Total loans and leases$67,425$52,116$4,590$16$124,147
Core deposits$62,984$92,622$9,567$1,263$166,436
For the three months ended September 30, 2025
Commercial BankingConsumer and Small Business Banking
Wealth
and Asset Management
General Corporate
and Other
Total
Income Statement Data
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
Average Balance Sheet Data
Total loans and leases$68,007$51,367$4,603$16$123,993
Core deposits$60,854$91,110$9,288$1,258$162,510
(a) Includes taxable equivalent adjustments of $5 million for the three months ended September 30, 2026, June 30, 2026 and March 31, 2026, $4 million for the three months ended December 31, 2025 and $5 million for the three months ended September 30, 2025.
30