Fifth Third Bancorp (FITB) investor relations material

Business Outlook and Financial Performance

• Robust loan production and investment activity are driving positive financial outcomes, with NII and fees meeting expectations and expenses at the low end of guidance.

• PPNR is expected to be slightly better than original guidance, and credit performance is strong, trending toward the lower end of charge-off guidance.

• Asset sensitivity has increased post-Comerica acquisition, and a higher-for-longer rate environment is seen as beneficial.

• Securities losses under $10 million were realized in Q2 to lock in higher yields, with a quick earn-back period.

• Confidence remains high in achieving a 340 NIM by year-end, supported by proactive investment portfolio management.

Loan Growth and Credit Trends

• Loan growth is broad-based, driven by working capital, CapEx, and strategic M&A, with momentum from new bankers and the Comerica acquisition.

• Consumer spending remains resilient, supported by homeowners with low rates and strong investment accounts.

• Utilization rates in commercial lending are stable, slightly above the start of the quarter.

• Mild spread compression persists due to competition, but risk discipline remains intact, especially in C&I.

Deposit Growth, Branch Strategy, and Network Expansion

• Deposit competition is rational, with the Midwest more competitive than the Southeast; Southwest markets are productive.

• Deposit growth from Comerica marketing campaigns is expected to reach $2 billion in Q2, double initial expectations.

• Branch expansion continues, with 60 new branches planned for 2026 and 100 for 2027, targeting $20 billion in deposit growth.

• Early indicators show the branch playbook is effective across new regions.

• Branch network expanding to ~1,750 by 2030, with over 50% of branches in high-growth markets.