Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 189

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 189
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 the closing price of Fifth Third’s common stock on October 3, 2025. The exchange ratio of Fifth Third Bancorp common stock for Comerica common stock is fixed. Comerica is headquartered in Dallas, Texas with reported assets of approximately $77 billion as of September 30, 2025 and is the holding company of Comerica Bank and Comerica Bank & Trust, National Association. In conjunction with the closing of the Comerica Merger, three members of Comerica’s Board of Directors are expected to join the Fifth Third Bancorp Board of Directors.The Comerica Merger remains subject to regulatory approval and the satisfaction of other customary closing conditions. The Comerica Merger is expected to close at the end of the first quarter of 2026.

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PART II. OTHER INFORMATION

Legal Proceedings (Item 1)

Refer to Note 14 of the Notes to Condensed Consolidated Financial Statements in Part I, Item 1 for information regarding legal proceedings.

Risk Factors (Item 1A)

Investing in Fifth Third involves various risks which are particular to Fifth Third’s company, industry and market area. Fifth Third believes that all significant risks to investors in Fifth Third have been outlined in Part I, Item 1A of the Annual Report on Form 10-K for the year ended December 31, 2024. However, other risks may prove to be important in the future, and new risks may emerge at any time. Fifth Third cannot predict with certainty all potential developments which could materially affect Fifth Third’s financial performance or condition. Except as set forth in this Item 1A, there has been no material change to Fifth Third’s risk factors as previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024.

The consummation of the Comerica Merger is contingent upon the satisfaction of a number of conditions, including stockholder and regulatory approvals, that may be outside either party’s control and that either party may be unable to satisfy or obtain or which may delay the consummation of the Comerica Merger or result in the imposition of conditions that could reduce the anticipated benefits from the Comerica Merger or cause the parties to abandon the Comerica Merger.

Consummation of the Comerica Merger is contingent upon the satisfaction of a number of conditions, some of which are beyond either party’s control, including, among others:

•adoption of the Merger Agreement by Com