Quarterly ResultOct 19, 2026, 06:36 AM
Fifth Third Bancorp Q3 Earnings: EPS $0.90, Net Income $828M
AI Summary
Fifth Third Bancorp reported third quarter 2026 results with net income available to common shareholders of $828 million, or $0.90 per diluted share, an increase from the prior quarter and year-ago quarter. The company highlighted organic momentum and successful integration of Comerica, leading to improved earnings power. Key financial data shows growth in net interest income, driven by higher market rates and loan growth, and a significant year-over-year increase in total deposits and loans, largely due to the Comerica acquisition. Credit quality remained stable with a net charge-off ratio of 0.31%.
Key Highlights
- Reported EPS of $0.90; adjusted EPS of $1.13, excluding $0.23 of certain items.
- Net income available to common shareholders was $828 million, up 36% year-over-year.
- Net interest income (FTE) increased 3% sequentially to $2.28 billion and 49% year-over-year.
- Total noninterest income was $1.01 billion, up 29% year-over-year.
- Total noninterest expense was $2.05 billion, up 62% year-over-year, impacted by merger-related charges.
- Total average portfolio loans and leases increased 45% year-over-year to $179 billion.
- Total average deposits increased 45% year-over-year to $238 billion.
- CET1 capital ratio increased to 10.02%.
Price Impact
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