Quarterly ResultApr 17, 2026, 06:36 AM
Fifth Third Bancorp Q1 2026 EPS $0.15; Comerica Acquisition Boosts Growth
AI Summary
Fifth Third Bancorp reported diluted earnings per share of $0.15 for Q1 2026, impacted by a net negative $0.68 from certain items. The successful acquisition of Comerica on February 1st significantly propelled growth, contributing to a 17 bps sequential expansion in net interest margin to 3.30% and a 15% year-over-year increase in tangible book value per share to $22.88. The company also noted strong core business momentum, solid credit performance with net charge-offs at 37 bps, and a strengthened funding mix.
Key Highlights
- Diluted EPS was $0.15 in Q1 2026.
- Net interest income (FTE) rose to $1,939 million.
- Net interest margin expanded 17 bps sequentially to 3.30%.
- Tangible book value per share grew 15% YoY to $22.88.
- Net charge-offs were 37 bps, lowest since Q4 2023.