Fifth Third Bancorp (FITB) Q4 2025 earnings summary

Executive summary

• Reported Q4 2025 EPS of $1.04 ($1.08 adjusted), with net income of $699M, up 20% year-over-year, and record net interest income of $1.53B, driven by strategic execution and expense discipline.

• Achieved adjusted ROA of 1.41%, adjusted ROE of 14.5%, and efficiency ratio of 54.3%, all peer-leading and improved year-over-year.

• Completed all regulatory and shareholder approvals for Comerica merger, expected to close February 1, 2026, with integration ahead of schedule and $850M in targeted expense synergies.

• Sustained operating momentum with highest quarterly commercial loan production in over three years and strong asset quality.

• Tangible book value per share increased 21% year-over-year to $22.60.

Financial highlights

• Adjusted Q4 revenues up 5% year-over-year, driven by 6% net interest income growth and strong fee income in commercial payments (+8%) and wealth management (+13%).

• Net interest margin held steady at 3.13%, up 16 bps year-over-year.

• Average loans grew 5% year-over-year; consumer loans up 6–7%, middle market/business banking C&I loans up 7%.

• Noninterest income grew 11% year-over-year, led by wealth and asset management and commercial payments.

• Returned $1.6B of capital to shareholders in 2025.

Outlook and guidance

• 2026 NII expected between $8.6B–$8.8B; NIM to rise ~15 bps post-merger.

• Full-year average total loans projected in mid-$170B range; adjusted non-interest income guidance: $4B–$4.4B; non-interest expense: $7B–$7.3B, excluding CDI amortization and $1.3B in acquisition charges.

• Net charge-offs forecasted at 30–40 bps for 2026; CET1 to remain near 10.5% post-close.

• Expect to realize 37.5% of $850M run-rate expense synergies in 2026.

• Plan to resume share repurchases in H2 2026.