Company: FITBI
Filing Date: 2025-11-05
Form Type: S-4
Source: 0001193125-25-267273
Chunk: 67

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-05
Form: S-4
Chunk 67
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 | Preferred stock reflects the conversion of Comerica’s Series B Preferred Stock into a newly issued series                                                                                                                                
 of Fifth Third preferred stock with terms not materially less favorable. The fair value of the newly issued Fifth Third preferred stock is preliminarily estimated to be equivalent to the carrying value of Comerica’s preferred stock. |

| L. | Adjustment to record the preliminary estimated merger costs of $955 million, net of tax, based on an 
 estimated effective tax rate of 24.5%.                                                               |

| 5. | Adjustments to the Pro Forma Condensed Combined Statements of Income |

The following pro forma adjustments have been reflected in the unaudited pro forma condensed combined statements of income. All adjustments are based on preliminary assumptions and valuations, which are subject to change.

| A. | Adjustments to interest income to eliminate $40 million and $55 million for the nine months ended                                                                                                                                      
 September 30, 2025 and the year ended December 31, 2024, respectively, related to Comerica’s amortization of premiums and accretion of discounts on previously acquired loans and the amortization of net deferred origination fees on 
 portfolio loans.                                                                                                                                                                                                                       |

46

| B. | Adjustments to interest income to eliminate $27 million and $6 million for the nine months ended                                                                                                                                
 September 30, 2025 and the year ended December 31, 2024, respectively, related to Comerica’s amortization of premiums and accretion of discounts on previously acquired securities and to reflect $193 million and $257 million 
 for the nine months ended September 30, 2025 and the year ended December 31, 2024, respectively, related to the preliminary estimated amortization of premiums and accretion of discounts on available for sale securities.     |

| C. | Adjustments to interest expense to eliminate $1 million and $3 million for the nine months ended                                                                                                                                   
 September 30, 2025 and the year ended December 31, 2024, respectively, related to Comerica’s amortization of premiums and accretion of discounts on previously acquired deposits and to reflect the amortization of $1 million and 
 $2 million for the nine months ended September 30, 2025 and the year ended December 31, 2024, respectively, related to the preliminary estimated premium on acquired interest-bearing deposits.                                    |

| E. | Adjustment to noninterest expense to reflect the preliminary estimated merger and restructuring