Company: FITBI
Filing Date: 2025-10-06
Form Type: 425
Source: 0001193125-25-230874
Chunk: 30

Company: FIFTH THIRD BANCORP
Filing Date: 2025-10-06
Form: 425
Chunk 30
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 – Impact of Direct Express conversion; ~$40 million reduction in NII in 2026 and ~$110 million annual impact thereafter • Cost synergies of $850 million pre-tax, equal to ~35% of Comerica’s 2026E operating expenses (grown 5% annually) Synergies – 37.5% realized in 2026 and 100% thereafter • Restructuring charge of $1.3 billion equal to 1.5x fully phased-in cost savings; 100% realized at close in all capital ratios and TBVPS Restructuring • Gross pre-tax credit mark of $806 million (1.15x Comerica’s existing reserve levels), or 1.6% of Comerica’s estimated loans at close Fair value • $1.7 billion rate mark (after-tax) on AFS securities accreted over 8.5 years, and $0.5 billion (after-tax) in other losses (cash flow adjustments¹ hedges and pension plans) in AOCI • $1.3 billion in core deposit intangibles; amortized over 10 years SYD Source: S&P Capital IQ, FactSet, FDIC, FITB filings and management and CMA filings. Financial data as of June 30, 2025. ¹All balance sheet marks are preliminary and subject to change. 16

ibdroot\projects\IBD-NY\burger2025\973442_1\Presentations\05. Investor Presentation\PPT\Express_2.0_v2 - From FITB_v01.pptx Purchase accounting summary Calculation of goodwill & intangibles $MM Tangible book value per share accretion $MM Shares $ per Share Fifth Third Tangible Common Equity at close $14,662 653 $22.46 Merger consideration $10,864 (+) Foregone share repurchases through close 418 8 (+) Common equity issued as consideration 10,864 245 (-) Transaction intangibles (4,648) Comerica tangible book value at close $6,595 (+) Estimated deposit divestiture 2 (-) Fair value adjustments (pre-tax) (103) (-) Restructuring charge (A-T) (949) (+) Net DTA from fair value adjustments 36 Fifth Third pro forma tangible book value at close $20,349 906 $22.47 Adjusted tangible book value at close $6,528 TBVPS acc