Company: FITBI
Filing Date: 2025-11-05
Form Type: S-4
Source: 0001193125-25-267273
Chunk: 120

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-05
Form: S-4
Chunk 120
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 enhanced scale, a diversified geographic footprint and enhanced and diversified product capabilities that will create opportunities for future growth; |

| • |     | the belief that the combined enterprise would be more profitable than Comerica would be on a standalone basis,          
 estimated to have the highest efficiency ratio and return on tangible common equity among super regional banks by 2027; |

| • |     | the belief that the mergers would create a strong middle market banking business by combining Comerica’s                                                                                                                           
 deep, relationship-driven middle market platform serving diverse industries across the country with Fifth Third’s leading payments products in core treasury management, broad market capabilities and award-winning private bank; |

| • |     | the fact that the fixed exchange ratio in the mergers would provide Comerica stockholders with consideration                                                                                      
 valued at $82.88 per share based on Fifth Third’s closing stock price on October 3, 2025, the last trading day prior to the announcement of the mergers, representing a 20% premium to Comerica’s 
 10-day volume-weighted average stock price;                                                                                                                                                       |

| • |     | the understanding of the Comerica board of directors of the current and prospective environment in which Comerica                                                                       
 and Fifth Third operate, including economic conditions, the interest rate environment, the accelerating pace of technological change in the banking industry, increased operating costs |

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| resulting from regulatory and compliance mandates, the competitive environment for financial institutions generally and the challenges facing Comerica as an independent institution, and the 
 likely effect of these factors on Comerica both with and without the mergers and the advantages of increased scale in facing these challenges;                                                |

| • |     | the belief that Comerica and Fifth Third have limited geographic overlaps, which would promote continuity with                                                                                       
 team members and customers and thereby limit distractions and other costs which could otherwise interfere with the combined enterprise’s ability to realize the anticipated benefits of the mergers; |

| • |     | the belief that Fifth Third’s earnings and prospects, and the revenue synergies and cost savings                                                                                                       
 potentially available in the mergers, would result in the combined enterprise having the opportunity to have improved future earnings and prospects compared to Comerica’s earnings and prospects on a 
 stand-alone basis;                                                                                                                                                                                     |

| • |     | the belief that Comerica and Fifth Third share similar cultures, and the belief of the Comerica board of                                                   
 directors that the complementary cultures would facilitate the successful completion of the merg