Company: FITBI
Filing Date: 2025-11-05
Form Type: S-4
Source: 0001193125-25-267273
Chunk: 116

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-05
Form: S-4
Chunk 116
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 understanding that Fifth Third shareholders prior to the effective time would own approximately 73% of Fifth 
 Third’s common stock immediately following the completion of the first merger;                                   |

| • |     | the Fifth Third board of directors’ belief that the synergies anticipated by management to be potentially                                                                                       
 available in the mergers, which included approximately $850 million in gross pre-tax cost savings, or 35% of Comerica’s forecasted 2026 operating expense, phased in 37.5% during 2026 and 100% 
 thereafter, would create the opportunity for superior future earnings and prospects compared to Fifth Third’s earnings and prospects on a stand-alone basis;                                    |

| • |     | the current and prospective environment in the financial services industry, including economic conditions, the                                                                                                                                                                                                                                                                                                                                                         
 accelerating pace of technological change in the financial services industry, the interest rate and regulatory environments, increased operating costs resulting from regulatory and compliance mandates, increasing competition from both banks and non-bank financial and financial technology firms, current financial market conditions and the likely effects of these factors on Fifth Third’s potential growth, development, productivity and strategic options 
 both with and without the mergers;                                                                                                                                                                                                                                                                                                                                                                                                                                     |

| • |     | except for the addition of three current Comerica directors to the Fifth Third board of directors following the                                                      
 mergers, the policies, procedures, leadership and structure of the Fifth Third board of directors and its committees are not expected to be impacted by the mergers; |

| • |     | Fifth Third’s past record of integrating acquisitions and of realizing expected financial and other 
 benefits of such acquisitions;                                                                      |

| • |     | the anticipated pro forma financial impact of the mergers on Fifth Third, including earnings accretion, return on 
 invested capital, tangible book value, internal rate of return, and regulatory capital levels;                    |

| • |     | the anticipated improvement to Fifth Third’s strategic position in the industry after the mergers; |

80

| from a financial point of view to Fifth Third. For additional information, see the section entitled “The Mergers — Opinion of Fifth Third’s Financial Advisor” 
 beginning on page 87 and Annex B of this joint proxy statement/prospectus;                                                                                     |

| • |     | the fact that the exchange ratios would be fixed, which the Fifth Third board of directors believed was          
 consistent with market practice for transactions of this type and with the strategic purpose of the transaction; |

| • |     | the fact that the