Company: FITBI
Filing Date: 2025-11-05
Form Type: S-4
Source: 0001193125-25-267273
Chunk: 66

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-05
Form: S-4
Chunk 66
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 condensed combined balance sheet. All adjustments are based on preliminary assumptions and valuations, which are subject to change.

| A. | Adjustment to                                                                                                                                          
 available-for-sale debt and other securities to eliminate $102 million related to Comerica’s premiums and discounts on previously acquired securities. |

| B. | Adjustments to portfolio loans and leases to eliminate $73 million related to Comerica’s premiums      
 and discounts on previously acquired loans and deferred origination costs and fees on portfolio loans. |

| C. | Adjustment to allowance for loans and lease losses to eliminate Comerica’s existing allowance for loan                                                                                                                                                    
 and lease losses of $686 million and to record Fifth Third’s preliminary estimated life of loan credit losses of $806 million for the non-purchase credit deteriorated (PCD) acquired loans and                                                           
 leases. The fair value adjustment reflects preliminary estimates made by Fifth Third and is subject to change once further analysis is performed and as additional information becomes available. The analysis of loans classified as PCD is not complete 
 and therefore no portion of the fair value adjustment relates to assets classified as PCD.                                                                                                                                                                |

| D. | Adjustment to goodwill and intangible assets to eliminate Comerica’s existing goodwill and identifiable                                                                                                                    
 intangible assets of $635 million and $5 million, respectively, and to record preliminary estimated goodwill and identifiable intangible assets associated with the merger of $2.8 billion and $1.3 billion, respectively. |

| E. | Adjustments to other assets to reflect the effects of $30 million on deferred tax assets resulting from 
 the preliminary acquisition accounting adjustments.                                                     |

| F. | Adjustment to interest-bearing deposits of $4 million to eliminate Comerica’s discount on previously        
 acquired deposits and to record the preliminary estimated fair value of acquired interest-bearing deposits. |

| G. | Adjustment to other liabilities to recognize preliminary estimated merger costs of $1.3 billion incurred         
 by Fifth Third, and related deferred tax assets of $310 million, using an estimated effective tax rate of 24.5%. |

| H. | Adjustments to other liabilities to reflect the effects of $308 million on deferred tax liabilities 
 resulting from the preliminary acquisition accounting adjustments.                                  |

| I. | Adjustment to long-term debt to eliminate $4 million related to Comerica’s premiums and discounts on 
 previously acquired debt.                                                                            |

| J. | Adjustment to equity to eliminate Comerica’s remaining equity balances and record new equity amounts 
 based on the merger consideration.                                                                   |

| K.