Fifth Third Bancorp (FITB) investor relations material

Strategic Priorities, Integration, and Market Positioning

• Emphasis on stability, profitability, and growth, with disciplined execution guiding capital allocation and balance sheet management.

• Integration of Comerica is underway, with legal close in February 2026 and full branch and system conversion expected by September 2026; Legal Day One completed and Customer Day One scheduled for after Labor Day.

• Comerica acquisition accelerates transformation into high-growth markets, especially Texas, and strengthens middle market and retail presence.

• Ongoing customer outreach, employee readiness, and system conversion are prioritized to ensure seamless integration, with minimal key employee turnover.

• Operates 1,482 branches, ranking 7th nationally, with a strong presence in Midwest, Southeast, and Southwest markets.

Financial Outlook, Synergies, and Performance

• Clear line of sight to at least $400 million in expense savings for 2026, exceeding the original $320 million target, with expectation to reinvest about half of incremental savings into growth initiatives.

• Confident in achieving $850 million run rate savings, with $212–$213 million expected in Q4 for full run rate realization.

• 2026 expectations: average loans & leases in mid-$170B, net interest income of $8.6–$8.8B, noninterest income of $4.0–$4.4B, and noninterest expense of $7.2–$7.5B.

• Q1 guidance: average loans of $158–$159 billion, net interest income around $1.93 billion, fee income $0.9–$0.93 billion, and non-interest expenses $1.76–$1.78 billion.

• Consistently delivers top quartile total shareholder returns over 3, 5, 7, and 10-year periods.

Growth Strategy and Network Expansion

• Expansion into 17 of the 20 fastest-growing large U.S. metros, with Southeast and Texas branches outperforming prior vintages in deposit growth.

• Accelerating branch expansion, targeting ~1,750 branches by 2030, with over 50% of footprint in high-growth U.S. metros.

• De novo branches in the Southeast and Texas are gathering over $50 million in deposits per branch in the first five years.

• Middle market banking platform expanded to 626 salesforce members, with $37B in loans and 6% CAGR since 2021.

• Peer-leading deposit growth opportunity, with young branches expected to outperform peers in deposit gathering.