AI interpretation based on checked source excerpts. Issuer assertions and evidence limitations remain explicit.
Policy quality-scores-2: six equally weighted categories. The overall score requires full coverage. Missing inputs are not zero. Qualitative grades are sourced interpretations, not probabilities. 4/6 · 22/10/2026
Moat—
Insufficient evidence for every rubric criterion; no category score is inferred.
structural advantage · — · Cross-sales and productive branches demonstrate franchise value, but do not establish a durable structural advantage relative to available alternatives.
durability · — · Multi-period growth supports continuity of demand; the duration of any excess economic advantage cannot be established.
customer dependency · — · Payments relationships and engagement are observable, but customer dependence and meaningful switching burdens remain unestablished.
erosion resilience · — · Growth coexists with customer rate sensitivity and higher funding concessions; resilience of a structural advantage cannot be determined.
Pricing power50
Equal-weight average of four evidence-backed rubric grades (0–4), scaled to 100.
realized pricing · 2/4 · Funding costs declined in 2025 and remain below third-quarter 2025 levels, but increased sequentially to 2.24% on interest-bearing deposits. Market rates and sweep migration contributed; higher earnings credits offset payments fee growth. These are mixed realized pricing outcomes.
retention · 2/4 · Existing-customer cross-sales, household growth and increased digital engagement indirectly support repeat demand. Savings-account losses show mobility. Strong conversion retention is management's unquantified assertion; no retention rate is inferred.
margin resilience · 2/4 · Third-quarter FTE NIM of 3.34% exceeded 3.13% a year earlier but declined from 3.36% sequentially. Asset repricing, market rates, acquisition effects and funding mix materially influence the result, limiting evidence of pricing control.
contractual freedom · 2/4 · The disclosed daily repricing option on non-maturity deposits supports some flexibility, although discussed within internal transfer pricing. Discounts, waivers and externally controlled costs constrain realization; comprehensive customer pricing terms are absent.
Predictability—
Five consecutive annual periods with reported revenue and consolidated net income are required for financial-sector predictability.
Financial strength50
Qualitative bank assessment: equal-weight average of four current evidence-backed grades (0–4), scaled to 100. Policy financial-industry-1; not an industrial ratio score or credit rating.
capital adequacy · 2/4 · September estimated CET1 of 10.02%, total risk-based capital of 12.54% and leverage of 9.22% exceed disclosed baseline minimums. CET1 improved sequentially but remains below year-end 2025. Complete current buffer requirements are absent; the proposed-rule 9.2% fully phased measure is not the current regulatory ratio.
liquidity funding · 2/4 · September liquidity sources total $142 billion, including $15 billion of reserves, $34 billion of unpledged securities and secured borrowing capacity. Deposit growth lowered wholesale funding and the loan-to-core deposit ratio reached 76%, but LCR declined to 102%. Borrowing capacity is not cash, and funding concentration disclosure is incomplete.
asset liability risk · 2/4 · Third-quarter NCOs of 0.31% and ACL of 1.74% coexist with an NPA increase to 0.64%, partly reflecting branch real estate. AOCI losses increased materially. Modeled NII declines 8.3% in months 13–24 under a 200-basis-point rate decline; this is a scenario, not a forecast. Acquisition-date loss exclusions limit comparisons.
earnings resilience · 2/4 · Net income remained positive across 2023–2025 and each disclosed 2026 quarter. Nine-month net income rose to $1.832 billion from $1.791 billion, while third-quarter diluted EPS was $0.90 versus $0.91 a year earlier. Integration costs and acquisition scope limit evidence of sustained per-share resilience.
Capital allocation44
Qualitative bank assessment: equal-weight average of four current evidence-backed grades (0–4), scaled to 100. Policy financial-industry-1; not an industrial ratio score or credit rating.
capital efficiency · 2/4 · GAAP return on average common equity improved sequentially to 10.2% but remained below 12.6% a year earlier and 12.6% for full-year 2025. Reported ROTCE of 16.6% uses a narrower non-GAAP tangible-equity scope; stronger adjusted returns do not eliminate actual merger costs.
distributions and buffers · 2/4 · Actual first-half dividends paid were $710 million against positive consolidated earnings. Third-quarter disclosed dividend payout was 46.2%, and CET1 improved sequentially after dividends. Capital remains below year-end levels and LCR is 102%; complete current capital buffers are missing.
dilution and cost · 1/4 · Outstanding shares increased from approximately 661.2 million at year-end to 907.4 million in September following the stock-funded acquisition. First-half stock compensation increased to $188 million from $108 million, and third-quarter EPS remained slightly below the year-earlier level. Acquired earnings provide consideration, but durable per-share benefits are not yet demonstrated.
investment discipline · 2/4 · Historical branch productivity, current deposit-share gains and completed conversion support effective implementation. Approximately $1.04 billion of year-to-date merger expenses and higher conversion technology costs are actual resource commitments; the full synergy run-rate and long-term acquisition returns remain prospective.
Management56
Equal-weight average of four evidence-backed rubric grades (0–4), scaled to 100.
capital discipline · 2/4 · Positive earnings, reduced wholesale funding and sequential capital generation coexist with a $12.7 billion stock-funded acquisition, substantial dilution and approximately $1.04 billion of year-to-date merger expenses. Long-term acquisition returns remain unproven.
incentive alignment · 3/4 · Actual 2025 grants combine three-year performance shares and graded RSUs, with relative ROACE conditions and disclosed risk, forfeiture and clawback provisions. These provide substantive alignment, although ownership balances and complete metric adjustments are unavailable.
execution · 2/4 · Completed conversion, deposit share gains, household growth and lower sequential expenses demonstrate execution through indirect operating evidence. Large integration charges and slightly lower year-over-year quarterly EPS temper the improvement; full fourth-quarter synergies remain prospective.
governance · 2/4 · Independent standing committees and actual director attendance support oversight. Combined CEO-chair roles and the historical CFPB penalty and remediation commitments temper that evidence. Disputed allegations are not treated as admissions.
Evidence
Commercial payments revenue increased $22 million for the year ended December 31, 2025 compared to the year ended December 31, 2024 primarily driven by an increase in treasury management fees due to higher average revenue per existing customer, which included the benefit of cross sales to existing customers, and new client acquisition.
MD&A / 2025 commercial payments revenue · Filed 24/02/2026
13 Table of Contents Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued) Commercial payments revenue increased $102 million and $167 million for the three and six months ended June 30, 2026, respectively, compared to the three and six months ended June 30, 2025 primarily driven by higher treasury management fees and merchant payment processing revenue from increased volume, as well as the impact of revenue from the Direct Express government prepaid card program.
MD&A / first-half 2026 commercial payments revenue · Filed 04/08/2026
• Liquidity manager • Escrow manager • Commercial card • Lockbox & check 0.04% 0.06% 0.06% 0.07% 0.08% 0.11% 0.11% 0.11% 0.11% 0.11% 0.15% 0.21% 0.42% Peer 12 Peer 6 Peer 9 Peer 3 Peer 4 Peer 11 Peer 5 Peer 2 Peer 1 Peer 8 Peer 10 Peer 7 x HighlightsPayments processed ACH credit send / commercial deposits4 ~1,500 People in the commercial payments organization ~24K Commercial payments related clients ~40% Of new commercial payments relationships are payments-led with no credit extended $5 $10 $15 $18 2007 2019 2023 2025 $ in trillions 2Q26 LTM commercial payments fees $1.0B Commercial payments fees and NII contribution from operating deposits represents over $2B in annualized revenue today Noninterest income contribution 2Q26 LTM pro-forma noninterest income1,2 of $4.2B 7% long-term CAGR Note: Totals may not foot due to rounding.
Roadshow presentation / commercial payments clients and processing scale · Filed 30/07/2026
These companies compete across geographic boundaries and provide customers with meaningful alternatives to traditional banking services in nearly all significant products.
Business / competition · Filed 24/02/2026
Commercial payments was stable, as growth in deposit fees was offset by higher earnings credits.
Third-quarter earnings release / commercial payments fees and earnings credits · Filed 19/10/2026
12 © Fifth Third Bancorp | All Rights Reserved Southeast expansion track record: 2018 2026 A proven Southeast playbook, ready for the Southwest Southeast retail deposits The Southeast is delivering The Southwest is the next chapter of the same repeatable playbook $35 $51 2Q18 2Q26 Deposits / branch Up +48% Deposit seasoning curve Retail deposits per branch ($ millions) $41 $51 $95 Southwest Southeast Midwest Executing a proven playbook Disciplined location selection — geospatial site-selection model Sales staffing — relationship managers & branch teams Marketing investment — analytics-driven acquisition campaigns Source: internal management reporting; Note: Deposits and households represent retail deposits and households only.
Conference presentation / Southeast branch productivity history · Filed 14/09/2026
10 © Fifth Third Bancorp | All Rights Reserved x Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 10% 20% 30% 40% 50% 60% -10% -5% 0% 5% 10% High-quality consumer deposit franchise 1Data sourced from Call Report and Includes: nonInt bearing deposits for individuals, int bearing deposits for individuals, MMDAs for individuals, other savings deposits for individuals, and retail time deposits, and excludes: brokered deposits <=$250K, fully insured and not fully insured non-affiliate retail sweep deposits, 2Year-over-Year growth as of June 30, 2026, presented pro-forma for merger and acquisition activity Core Consumer Deposit Growth1,2 As of June 30, 2026 Higher consumer deposit mix & peer-leading growth support a stronger, more durable funding franchise Higher mix & higher growth C o re C o n su m e r D e p o si ts % o f T o ta l D e p o si ts 1 Peer Median Growth 1% Peer Median Mix 34% 10% Growth 48% Deposit mix FITB Leads Peers in Core Consumer Deposit Mix & Growth YoY
Conference presentation / pro forma consumer deposit mix and growth · Filed 14/09/2026
•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.
Third-quarter earnings release / deposit share gains · Filed 19/10/2026
Average savings deposits decreased $564 million from the year ended December 31, 2024 primarily due to lower average balances per customer account as well as a decrease in the number of customer accounts, partially driven by the impact of consumer preferences for products with higher offering rates.
MD&A / savings balances and customer accounts · Filed 24/02/2026
© Fifth Third Bancorp | All Rights Reserved 4.25% 3.75% 3.75% 3.75% 4.00% 1.81% 1.71% 1.58% 1.54% 1.64% Fed Funds Rate Total Cost of Deposits 3Q25 4Q25 1Q26 2Q26 3Q26 Total cost of deposits Total deposit mixAverage deposit balances $164.8 $168.4 $209.4 $231.5 $238.3 $162.5 $166.4 $206.5 $228.5 $235.6 2.41% 2.28% 2.15% 2.13% 2.24% Core Deposits CDs > $250K Total interest-bearing deposit costs 3Q25 4Q25 1Q26 2Q26 3Q26 $ in billions Demand, 27% Interest checking, 31% Money market and savings, 35% Time deposits, 6% $238B Average Deposits $162.5 $166.4 $206.5 $228.5 $235.6 $121.3 $124.7 $150.8 $164.5 $171.4$41.2 $41.8 $55.8 $64.0 $64.2 25.4% 25.1% 27.0% 28.0% 27.3% Interest-Bearing $ Non Interest-Bearing $ Non Interest-Bearing % 3Q25 4Q25 1Q26 2Q26 3Q26 Core deposit trends (average) $ in billions Deposits Note: Totals shown above may not foot due to rounding 9
Third-quarter presentation / deposit costs and funding mix · Filed 19/10/2026
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.
Third-quarter earnings release / market rates and sweep migration · Filed 19/10/2026
Interest expense on average core deposits decreased $666 million from the year ended December 31, 2024 primarily due to a decrease in the cost of average interest-bearing core deposits to 234 bps for the year ended December 31, 2025 from 287 bps for the year ended December 31, 2024.
MD&A / 2025 interest-bearing core deposit costs · Filed 24/02/2026
Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 October 19, 2026
Income Statement Highlights
($ in millions, except per share data)
For the Three Months Ended
% Change
September
June
September
2026
2026
2025
Seq
Yr/Yr
Condensed Statements of Income
Net interest income (NII)(a)
$2,276
$2,220
$1,525
3%
49%
Provision for credit losses
122
129
197
(5)%
(38)%
Noninterest income
1,008
1,059
781
(5)%
29%
Noninterest expense
2,049
2,109
1,267
(3)%
62%
Income before income taxes(a)
$1,113
$1,041
$842
7%
32%
Taxable equivalent adjustment
$5
$5
$5
—
—
Applicable income tax expense
242
235
188
3%
29%
Net income
$866
$801
$649
8%
33%
Dividends on preferred stock
38
38
41
—
(7)%
Net income available to common shareholders
$828
$763
$608
9%
36%
Earnings per share, diluted
Net interest rate spread
2.65
%
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.
Third-quarter earnings release / earnings and net interest income drivers · Filed 19/10/2026
GAAP)
2,271
2,215
1,520
Net interest income (FTE)(a)
2,276
2,220
1,525
Noninterest income
1,008
1,059
781
Noninterest expense
2,049
2,109
1,267
Per Share Data
Earnings per share, basic
$0.91
$0.84
$0.91
Earnings per share, diluted
0.90
0.83
0.91
Book value per share
34.31
35.63
29.26
Tangible book value per share(a)
22.01
23.22
21.66
Balance Sheet & Credit Quality
Average portfolio loans and leases
$179,244
$177,572
$123,326
Average deposits
238,344
231,506
164,754
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)
0.64
0.60
0.65
Financial Ratios
Return on average assets
1.14
%
1.08
%
1.21
%
Return on average common equity
10.2
9.5
12.6
Return on average tangible common equity(a)
16.6
15.6
17.3
CET1 capital(d)
10.02
9.93
10.57
Net interest margin(a)
3.34
3.36
3.13
Efficiency(a)
62.4
64.3
54.9
Other than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted.
Third-quarter earnings release / EPS, returns, margin and AOCI · Filed 19/10/2026
Given the daily repricing option on non-maturity deposits, the FTP credits on deposits earned by the segments generally increases or decreases at a faster pace than the amount of allocated FTP charges on loans and leases.
MD&A / daily repricing option and internal funds transfer pricing · Filed 24/02/2026
Revenues are recognized on an accrual basis when or as the services are provided to the customer, net of applicable discounts, waivers, reversals, and certain costs not controlled by the Bancorp (primarily interchange fees charged by credit card associations and expenses of certain transaction-based rewards programs offered to customers).
Revenue recognition / discounts, waivers and external costs · Filed 24/02/2026
Each of the Named Executive Officers received grants of performance shares that will vest in full three years from the grant date (contingent on meeting the performance threshold), and RSUs that will vest in three equal annual installments from the grant date.
Executive compensation / actual 2025 equity grants and vesting · Filed 09/03/2026
Executives have the opportunity to earn between zero and 150% of their target award based upon the Company’s three-year cumulative result on Adjusted Return on Average Common Equity (“ROACE”) versus our Compensation Peer Group.
Executive compensation / three-year relative ROACE performance condition · Filed 09/03/2026
Our executive compensation program includes several features that address potential compensation risk: Downward discretion based on risk, performance, and regulatory factors Caps on the maximum payment under our Variable Compensation Plan and our Performance Share Plan Mix of short-term and long-term compensation Forfeiture provisions related to material risk events Stock ownership and retention guidelines Ability to clawback incentive compensation erroneously received in the event of a financial restatement, or compensation received as a result of misconduct To execute the risk mitigation strategies, we conduct yearly review processes, which are documented and incorporate input from departments, including Finance, Legal, Human Capital, Risk Management, and the Company’s business leaders.
Executive compensation / risk adjustments, forfeiture and clawbacks · Filed 09/03/2026
Spence, our President and CEO. • Independent Director-Led Committees: All standing Committees of the Board of Directors are led by and entirely comprised of independent directors.
Governance / independent standing committees · Filed 09/03/2026
No current member of our Board of Directors attended less than 75% of the aggregate number of meetings of the Board of Directors and all Committees on which such director served during 2025.
Governance / actual 2025 director attendance · Filed 09/03/2026
The Board’s Chair is currently Mr. Spence, who is Fifth Third’s President and Chief Executive Officer.
Governance / combined chair and CEO roles · Filed 09/03/2026
The Bank agreed to the entry of a Stipulated Final Judgment and Order, pursuant to which the Bank, without admitting or denying any of the allegations in the suit except as specified in the order, agreed to pay a civil monetary penalty of $15 million, agreed to maintain existing policies around its consumer sales incentives, agreed to create a compliance plan to ensure its account opening practices comply with law and the order and agreed to provide a redress plan to remediate certain customers with checking, savings, or credit card accounts opened beginning January 1, 2010 and ending December 31, 2016.
CFPB settlements / monetary penalty and remediation commitments · Filed 24/02/2025
GAAP) $ 5,982 5,630 5,827 Net interest income (FTE)(a)(b) 6,002 5,654 5,852 Noninterest income 3,035 2,849 2,881 Total revenue (FTE)(a)(b) 9,037 8,503 8,733 Provision for credit losses 662 530 515 Noninterest expense 5,144 5,033 5,205 Net income 2,522 2,314 2,349 Net income available to common shareholders 2,376 2,155 2,212 Common Share Data Earnings per share - basic $ 3.56 3.16 3.23 Earnings per share - diluted 3.53 3.14 3.22 Cash dividends declared per common share 1.54 1.44 1.36 Book value per share 30.18 26.17 25.04 Market value per share 46.81 42.28 34.49 Financial Ratios Return on average assets 1.19 % 1.09 1.13 Return on average common equity 12.6 12.5 14.2 Return on average tangible common equity(b) 17.4 17.8 21.3 Dividend payout 43.3 45.6 42.1 (a)Amounts presented on an FTE basis.
MD&A / 2023–2025 earnings, returns and dividends · Filed 24/02/2026
Acquisition of Comerica Incorporated On February 1, 2026, Fifth Third Bancorp closed the merger with Comerica Incorporated (“Comerica”) in an all-stock transaction valued at approximately $12.7 billion.
Acquisition overview / completed all-stock Comerica transaction · Filed 04/08/2026
Merger-related charges recognized in noninterest expense totaled approximately 1.04 billion year-to-date, consistent with the integration timeline.
Third-quarter earnings release / year-to-date merger expenses · Filed 19/10/2026
Less than a year after we announced the Comerica acquisition, we completed the systems conversion with strong client and banker retention.
CEO commentary / completed conversion and asserted retention · Filed 19/10/2026
© Fifth Third Bancorp | All Rights Reserved $1,267 $1,309 $2,395 $2,109 $2,049 $1,253* $1,273* $1,769* $1,861* $1,816* 54.1% 54.3% 61.9% 57.1% 54.6% Adjusted noninterest expense¹* Noninterest expense Adjusted Efficiency Ratio¹ 3Q25 4Q25 1Q26 2Q26 3Q26 T o ta l n o ni nt er es t ex p en se ; $ m ill io ns Noninterest expense 7 $ in millions 3Q26 2Q26 3Q25 Non-qualified deferred compensation expense/ (benefit), primarily offset in securities gains/losses ($6) $30 $11 For end note descriptions, see end note summary starting on page 42 $ millions 3Q26 PQ YoY Compensation and benefits $982 (13)% 43% Technology and communications 300 20% 134% Net occupancy expense 144 (6)% 62% Card and processing expense 60 (9)% 173% Equipment expense 59 (2)% 34% Marketing expense 57 (12)% 68% Loan and lease expense 47 (11)% 21% Other noninterest expense 400 20% 77% Total noninterest expense $2,049 (3)% 62% Impact of certain items (239) Noninterest expense excluding certain item(s)1 $1,810 (4)% 43% Non-qualified deferred compensation (expense)/benefit 6 Adjusted noninterest expense, excluding certain item(s)1 and non-qualified deferred compensation $1,816 (2)% 45% • Adjusted noninterest expense1 decreased 2% compared to the prior quarter and increased 45% from the year-ago quarter • Lower compensation and benefits expense in the quarter was offset by higher conversion-related technology costs • Merger-related charges recognized in noninterest expense totaled approximately $1.04 billion year-to-date, consistent with the integration timeline
Third-quarter presentation / actual expenses and conversion costs · Filed 19/10/2026
Bancorp shareholders' equity
34,338
34,260
21,216
—
62%
32,917
20,633
60%
Regulatory Capital Ratios(e)
CET1 capital
10.02
%
9.93
%
10.57
%
9
(55)
10.02
%
10.57
%
(55)
Tier 1 risk-based capital
10.90
%
10.81
%
11.63
%
9
(73)
10.90
%
11.63
%
(73)
Total risk-based capital
12.54
%
12.50
%
13.54
%
4
(100)
12.54
%
13.54
%
(100)
Leverage
9.22
%
9.20
%
9.24
%
2
(2)
9.22
%
9.24
%
(2)
Additional Metrics
Banking centers
1,429
1,500
1,102
(5%)
30%
1,429
1,102
30%
ATMs
2,549
2,648
2,184
(4%)
17%
2,549
2,184
17%
Full-time equivalent employees
25,069
25,197
18,476
(1%)
36%
25,069
18,476
36%
Assets under care ($ in billions)(g)
$880
$902
$681
(2%)
29%
$880
$681
29%
Financial highlights / regulatory capital ratios · Filed 19/10/2026
(e)Current period regulatory capital ratios are estimates.
Financial highlights / estimated regulatory capital qualification · Filed 19/10/2026
The following table presents the prescribed capital ratios as well as the actual ratios and amounts for the Bancorp and Bank as of December 31:
Regulatory Ratio Requirements
2024(a)
Minimum
Well-Capitalized
CET1 risk-based capital:
4.50
N/A
10.81
18,099
10.57
17,339
4.50
6.50
13.09
21,766
12.86
20,943
Tier 1 risk-based capital:
6.00
6.00
11.87
19,869
11.86
19,455
6.00
8.00
13.09
21,766
12.86
20,943
Total risk-based capital:
8.00
10.00
13.78
23,066
13.86
22,746
8.00
10.00
14.33
23,833
14.19
23,116
Leverage:(b)
4.00
N/A
9.41
19,869
9.22
19,455
4.00
5.00
10.41
21,766
10.02
20,943
(a)Regulatory capital ratios and amounts as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.
Regulatory capital / prescribed minimums and historical ratios · Filed 24/02/2026
© Fifth Third Bancorp | All Rights Reserved 9.9% 33 bps (11 bps) 0 bps (16 bps) 2 bps 10.0% 2Q26 Net income to common RWA Share repurchases Common dividends Other 3Q26 12 Strong liquidity and capital position Liquidity position $ in billions Capital position Common equity tier 1 ratio1 For end note descriptions, see end note summary starting on page 42; totals shown above may not foot due to rounding Liquidity Sources 6/30/26 9/30/26 Fed reserves $18 $15 Unpledged investment securities $32 $34 Available FHLB borrowing capacity $13 $15 Current Fed discount window availability $78 $78 Total $141 $142 • Maintained full Category 1 LCR compliance during the quarter, ending at 102% • Loan-to-core deposit ratio of 76% • Robust liquidity risk management practices, including: – Daily LCR calculations – Monthly liquidity stress tests, including two FITB- specific scenarios over and above regulatory requirements – Monthly 2052a complex liquidity monitoring reporting Common equity tier 1 ratio1 Fully-phased common equity tier 1 ratio2 10.6% 10.8% 9.9% 9.9% 10.0% 9.2% Reported CET1 Ratio Fully-phased CET1 3Q25 4Q25 1Q26 2Q26 3Q263Q25 4Q25 1Q26 2Q26
Third-quarter presentation / liquidity sources, LCR and capital generation · Filed 19/10/2026
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 $1.1 billion in FHLB advances.
Third-quarter earnings release / reduced wholesale funding · Filed 19/10/2026
5
Average Interest-Earning Assets
($ in millions)
For the Three Months Ended
% Change
September
June
September
2026
2026
2025
Seq
Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans
$85,982
$84,967
$54,170
1%
59%
Commercial mortgage loans
27,263
27,176
12,027
—
127%
Commercial construction loans
8,744
8,437
5,541
4%
58%
Commercial leases
3,574
3,503
3,177
2%
12%
Total commercial loans and leases
$125,563
$124,083
$74,915
1%
68%
Consumer loans:
Residential mortgage loans
$19,775
$19,626
$17,656
1%
12%
Home equity
7,023
6,830
4,579
3%
53%
Indirect secured consumer loans
18,182
18,239
17,729
—
3%
Credit card
1,646
1,646
1,678
—
(2)%
Solar energy installation loans
4,244
4,384
4,355
(3)%
(3)%
Other consumer loans
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.
Third-quarter earnings release / deposit growth and sweep migration · Filed 19/10/2026
© Fifth Third Bancorp | All Rights Reserved Net charge-offs (NCOs) $339 $125 $144 $135 $139 $339 $125 $144 $135 3Q25 4Q25 1Q26 2Q26 3Q26 Credit quality overview 10 3Q25 4Q25 1Q26 2Q26 3Q26 NPL ratio 0.62% 0.62% 0.54% 0.58% 0.59% NPA ratio1,2 0.65% 0.65% 0.57% 0.60% 0.64% 30-89 days past due as a % of portfolio loans and leases 0.28% 0.29% 0.39% 0.31% 0.30% NCO ratio3 1.09% 0.40% 0.37% 0.30% 0.31% ACL ratio as a % of portfolio loans and leases 1.96% 1.96% 1.79% 1.76% 1.74% Nonperforming loans (NPLs) $768 $767 $960 $1,041 $1,070 3Q25 4Q25 1Q26 2Q26 3Q26 Portfolio loans & leases 30-89 days past due $348 $360 $683 $561 $540 3Q25 4Q25 1Q26 2Q26 3Q26 $ in millions For end note descriptions, see end note summary starting on page 42
Third-quarter presentation / credit quality · Filed 19/10/2026
2. 3Q26 includes $74 million of branch-related real estate no longer intended to be used for banking purposes.
Credit-quality end notes / branch real estate included in NPAs · Filed 19/10/2026
© Fifth Third Bancorp | All Rights Reserved Managing rate risk against conservative outcomes 32 For end note descriptions, see end note summary starting on page 42; totals shown above may not foot due to rounding Estimated NII sensitivity profile and ALCO policy limits Estimated NII beta sensitivity Rate risk models assume approximately 65% effective up betas and 55-60% down betas in our baseline NII sensitivity used in IRR simulations1,2 • Models are calibrated to performance in prior rate cycles • Additionally, rate risk measures assume no deposit re-pricing lags As of September 30, 2026: • 58% of HFI loans were variable rate net of existing hedges (75% of total commercial; 17% of total consumer) • Short-term borrowings represent less than 2% of total funding • Approximately $13.8BN in non-core funding matures beyond one year % Change NII (FTE) ALCO policy limit Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months 0.2% 2.4% (9.0%) (15.0%) +100 Ramp over 12 months 0.2% 1.5% NA NA -100 Ramp over 12 months (0.8%) (3.2%) NA NA -200 Ramp over 12 months (2.3%) (8.3%) (9.0%) (15.0%) 5% Higher Beta 5% Lower Beta Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months (0.6%) 1.0% 1.0% 4.0% +100 Ramp over 12 months (0.2%) 0.8% 0.6% 2.3% -100 Ramp over 12 months (0.5%) (2.6%) (1.2%) (3.9%) -200 Ramp over 12 months (1.6%) (7.1%) (3.0%) (9.6%) Estimated NII sensitivity with demand deposit balance changes % Change in NII (FTE) $1BN balance decline $1BN balance increase Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months (0.3%) 1.8% 0.7% 2.9% +100 Ramp over 12 months (0.3%) 1.0% 0.7% 2.0% -100 Ramp over 12 months (1.2%) (3.5%) (0.5%) (2.9%) -200 Ramp over 12 months (2.6%) (8.5%) (2.0%) (8.1%)
Third-quarter presentation / modeled interest-rate sensitivity · Filed 19/10/2026
Marketing expense
57
65
34
(12%)
68%
171
105
63%
Other noninterest expense
400
332
226
20%
77%
1,149
664
73%
Total noninterest expense
2,049
2,109
1,267
(3%)
62%
6,553
3,835
71%
Income Before Income Taxes
1,108
1,036
837
7%
32%
2,350
2,298
2%
Applicable income tax expense
242
235
188
3%
29%
518
507
2%
Net Income
866
801
649
8%
33%
1,832
1,791
2%
Dividends on preferred stock
38
38
41
—
(7%)
113
114
(1%)
Net Income Available to Common Shareholders
$828
$763
$608
9%
36%
$1,719
$1,677
3%
16
Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions
For the Three Months Ended
(unaudited)
September
June
March
December
September
2026
2026
2026
2025
2025
Interest Income
Interest and fees on loans and leases
$2,669
$2,607
$2,293
$1,862
$1,909
Interest on securities
631
598
501
431
444
Interest on other short-term investments
198
Goodwill
9,984
9,990
9,966
4,947
4,947
Intangible assets
1,190
1,253
1,233
69
76
Servicing rights
1,669
1,607
1,583
1,598
1,601
Other assets
20,268
18,569
19,978
12,485
12,555
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 checking
81,784
70,527
72,425
61,155
57,239
Savings
18,002
18,161
18,610
16,155
16,110
Money market
60,842
65,932
62,345
39,285
38,748
CDs $250,000 or less
11,576
12,708
11,807
10,599
10,667
CDs over $250,000
2,535
2,885
3,099
1,978
1,975
Total deposits
239,486
234,141
233,621
171,819
166,569
Short-term borrowings
1,200
4,633
1,289
926
5,260
Accrued taxes, interest and expenses
2,955
3,022
2,628
2,083
1,943
Other liabilities
7,330
6,266
6,642
4,235
4,347
Long-term debt
16,938
17,636
18,753
13,589
13,677
Total Liabilities
267,909
265,698
262,933
192,652
191,796
Equity
Common stock(c)
2,585
2,585
2,585
2,051
2,051
Preferred stock
2,182
2,182
2,182
1,770
1,770
Capital surplus
15,619
15,603
15,586
3,831
3,813
Retained earnings
26,085
25,645
25,248
25,488
25,057
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 Equity
33,315
34,482
34,106
21,724
21,107
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 values
19,823
18,258
16,341
11,404
11,506
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
Outstanding, excluding treasury
907,367
906,573
905,823
661,198
660,973
Treasury
256,872
257,666
258,416
262,695
262,919
19
Fifth Third Bancorp and Subsidiaries
Consolidated results and balance sheet / nine-month earnings, shares and AOCI · Filed 19/10/2026
56 Table of Contents Fifth Third Bancorp and Subsidiaries Condensed Consolidated Financial Statements and Notes (continued) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) For the six months ended June 30, ($ in millions) 2026 2025 Operating Activities Net income $ 966 1,142 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 356 347 Depreciation, amortization and accretion 404 273 Stock-based compensation expense 188 108 Benefit from deferred income taxes (1) (13) Securities gains, net (13) (13) Residential MSR fair value adjustment 74 100 Net gains on sales of loans and fair value adjustments on loans held for sale (32) (35) Proceeds from sales of loans held for sale 3,190 2,239 Loans originated or purchased for sale, net of repayments (3,421) (2,256) Dividends representing return on equity method investments 25 22 Net change in: Equity and trading debt securities (319) (91) Other assets 252 839 Accrued taxes, interest and expenses and other liabilities 21 (123) Net Cash Provided by Operating Activities 1,690 2,539 Investing Activities Proceeds from sales: AFS securities and other investments 5,768 2,361 Loans and leases 420 173 Proceeds from repayments and maturities of AFS securities 3,732 2,063 Proceeds from repayments and maturities of HTM securities 1,012 269 Purchases: AFS securities (10,760) (2,263) HTM securities (4,267) (529) Bank premises and equipment (320) (260) Proceeds from settlement of BOLI 47 26 Proceeds from sales and dividends representing return of equity method investments 8 11 Net cash received from acquisitions 677 — Net change in: Other short-term investments 10,777 4,077 Portfolio loans and leases (5,991) (3,069) Other, net (535) (484) Net Cash Provided by Investing Activities 568 2,375 Financing Activities Net change in deposits (2,886) (3,045) Net change in short-term borrowings 512 8 Proceeds from short-term FHLB advances 3,500 2,500 Repayment of short-term FHLB advances (300) (3,600) Proceeds from long-term debt issuances/advances 2,274 1,028 Repayment of long-term debt (3,685) (980) Dividends paid on common and preferred stock (710) (581) Repurchases of treasury stock and related forward contract — (225) Other, net (88) (61) Net Cash Used in Financing Activities (1,383) (4,956) Increase (Decrease) in Cash and Due from Banks 875 (42) Cash and Due from Banks at Beginning of Period 3,499 3,014 Cash and Due from Banks at End of Period $ 4,374 2,972 Refer to the Notes to Condensed Consolidated Financial Statements.
Cash-flow statement / stock compensation and actual dividends paid · Filed 04/08/2026
As of and For the Three Months Ended
(unaudited)
September
June
March
December
September
2026
2026
2026
2025
2025
Income Statement Data
Net interest income
$2,271
$2,215
$1,934
$1,529
$1,520
Net interest income (FTE)(a)
2,276
2,220
1,939
1,533
1,525
Noninterest income
1,008
1,059
895
811
781
Total revenue (FTE)(a)
3,284
3,279
2,834
2,344
2,306
Provision for credit losses
122
129
227
119
197
Noninterest expense
2,049
2,109
2,395
1,309
1,267
Net income
866
801
165
731
649
Net income available to common shareholders
828
763
1.08
%
0.25
%
1.36
%
1.21
%
Return on average common equity
10.2
%
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 payout
46.2
%
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 rate
21.8
%
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 leases
1.61
%
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 OREO
0.64
%
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 investments
90,012
86,282
79,678
69,997
69,507
Assets
302,119
297,948
265,551
213,021
211,770
Transaction deposits(b)
223,537
216,113
194,904
155,895
151,669
Core deposits(c)
235,639
228,516
Mortgage banking net revenue
47
39
58
21%
(19%)
130
171
(24%)
Other noninterest income
18
50
29
(64%)
(38%)
95
86
10%
Securities gains (losses), net
(5)
20
10
NM
NM
3
17
(82%)
Total noninterest income
1,008
1,059
781
(5%)
29%
2,962
2,224
33%
Noninterest Expense
Compensation and benefits
982
1,129
685
(13%)
43%
3,521
2,132
65%
Technology and communications
300
250
128
20%
134%
753
378
99%
Net occupancy expense
144
154
89
(6%)
62%
439
260
69%
Card and processing expense
60
66
22
(9%)
173%
205
65
215%
Equipment expense
59
60
44
(2%)
34%
173
126
37%
Loan and lease expense
47
53
39
(11%)
21%
142
105
35%
Financial highlights / quarterly earnings, returns and dividend payout · Filed 19/10/2026
© Fifth Third Bancorp | All Rights Reserved For end note descriptions, see end note summary starting on page 42 Key Messages 3 Strong deposits, resilient credit, and disciplined balance sheet management provide flexibility across a range of economic and interest-rate environments Comerica systems integration successfully completed, with strong client and banker retention and the full $850 million expense synergy run-rate locked in for 4Q26 Earnings power of the combined company is increasingly evident, with stronger PPNR1, higher returns, and improved operating efficiency Organic growth is broadening across legacy and newly acquired markets, supported by deposit share gains, commercial relationship growth and continued Southeast momentum 1 2 3 4
Management key messages / integration completion and prospective fourth-quarter synergies · Filed 19/10/2026
•Legacy Fifth Third consumer household growth of 3%, including 7% in the Southeast
Income Statement Data
Net income available to common shareholders
$763
$128
$591
Net interest income (U.S.
Second-quarter earnings release / legacy household growth · Filed 17/07/2026
© Fifth Third Bancorp | All Rights Reserved Consumer and Business Banking Digital Metrics Average Active Digital Users (Millions) 3.19 3.19 3.25 3.27 3.49 3Q25 4Q25 1Q26 2Q26 3Q26 Digital Engagement Digital Originations Average Active Mobile Users (Millions) 2.47 2.49 2.53 2.57 2.73 3Q25 4Q25 1Q26 2Q26 3Q26 Digital Assisted Mortgage Applications 98% 98% 97% 98% 98% 3Q25 4Q25 1Q26 2Q26 3Q26 New Consumer Deposit Accounts 28% 31% 33% 29% 33% 3Q25 4Q25 1Q26 2Q26 3Q26 Award-Winning App Jeanie® named Best Chatbot by Tearsheet AI Innovation Awards 15 For end note descriptions, see end note summary starting on page 42 1 2 Mobile app serves millions of monthly users & powers more than one billion digital interactions each year
Third-quarter presentation / digital engagement · Filed 19/10/2026
Slide 15 end notes 1. Digitally active defined as having at least one login to mobile or online banking during the quarter.
Digital-metrics end notes / active-user definition · Filed 19/10/2026
(h)Excludes net charge-offs of $100 million which were taken at the time of acquisition.
Credit-quality footnotes / acquisition-date charge-off exclusion · Filed 19/10/2026
2. Estimated fully-phased CET1 ratio based on the March 19, 2026 Basel III standardized approach regulatory capital proposal.
Capital end notes / proposed-rule fully phased CET1 definition · Filed 19/10/2026
•Consumer household growth of 7% in the Southeast and 8% in the Southwest
Third-quarter earnings release / regional household growth · Filed 19/10/2026
