Fifth Third Bancorp (FITB) Q3 2026 earnings summary

Executive summary

• 3Q26 adjusted EPS was $1.13 versus reported EPS of $0.90; adjusted PPNR rose 8% QoQ to $1.512B, with adjusted ROTCE of 20.6%.

• Comerica systems conversion was completed with strong client and banker retention; the full $850M expense-synergy run rate is set for 4Q26.

• Core deposits grew 3% QoQ and loans 1%; net charge-offs remained stable at 31 bps.

Financial highlights

• GAAP net income was $866M and net income available to common shareholders was $828M; diluted EPS was $0.90, or $1.13 adjusted.

• FTE NII was $2.276B, up 3% QoQ; NIM was 3.34%, down 2 bps QoQ.

• Adjusted noninterest income was $1.052B, up 1% QoQ and 33% YoY; adjusted noninterest expense was $1.816B, down 2% QoQ.

• Adjusted PPNR was $1.512B versus $1.399B in 2Q26; adjusted revenue was $3.328B, with 450 bps of positive operating leverage QoQ.

• Merger-related charges were $225M in Q3 and approximately $1.04B year to date; total charges remain expected at approximately $1.3B.

Outlook and guidance

• 4Q26 average loans and leases expected up 1%-2% QoQ; NII expected up 2.5%-3.5% from the $2.28B baseline, assuming a 4.25% Fed funds rate at year-end.

• 4Q26 adjusted noninterest income expected up 2%-4% and adjusted expenses down 2%-3%; expense guidance includes $60M of CDI amortization.

• Adjusted PPNR expected up 9%-10% QoQ; 4Q26 net charge-offs expected at 30-35 bps and effective tax rate at 22.5%.

• Q4 guidance implies 2026 exit profitability at or above 19% ROTCE and a 53% efficiency ratio; CET1 expected within the 10%-10.5% operating range.

• Full-year NII and implied PPNR expected at the high end of January guidance; full 2027 guidance planned for January.