# EDGAR Filing Document

**Accession Number:** 0000035527
**File Stem:** 0000035527-26-000017
**Filing Date:** 2026-1
**Character Count:** 105612
**Document Hash:** 1c30e42b6f977f01bffaec74d349c699
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035527-26-000017.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000035527-26-000017

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20260126

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIFTH THIRD BANCORP
- **CENTRAL INDEX KEY:** 0000035527
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 310854434
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33653
- **FILM NUMBER:** 26558536

**BUSINESS ADDRESS:**
- **STREET 1:** 38 FOUNTAIN SQ PLZ
- **STREET 2:** FIFTH THIRD CENTER
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45263
- **BUSINESS PHONE:** 5135795300

**MAIL ADDRESS:**
- **STREET 1:** 38 FOUNTAIN SQ PLZ
- **STREET 2:** FIFTH THIRD CENTER
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45263

?xml version='1.0' encoding='ASCII'? fitb-20260126

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K** 

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D) OF THE** 

**SECURITIES EXCHANGE ACT OF 1934**

**Date of report (Date of earliest event reported): January 26, 2026**

![53_Logo_horizontal_FullColor.jpg](fitb-20260126_g1.jpg)

**Fifth Third Bancorp**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Ohio** | **001-33653** | **31-0854434** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fifth Third Center** | **Fifth Third Center** | **Fifth Third Center** | **Fifth Third Center** | **Fifth Third Center** | |
| **38 Fountain Square Plaza** | **,** | **Cincinnati** | **,** | **Ohio** | **45263** |
| **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**(800) 972-3030** 

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | | | |
|:---|:---|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |  |  |  |
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** | **Name of each exchange<br>on which registered** | **Name of each exchange<br>on which registered** |
| **Common Stock, Without Par Value** | **FITB** | **The** | **NASDAQ** | **Stock Market LLC** |
| **Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I** | **FITBI** | **The** | **NASDAQ** | **Stock Market LLC** |
| **Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A** | **FITBP** | **The** | **NASDAQ** | **Stock Market LLC** |
| **Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 4.95% Non-Cumulative Perpetual Preferred Stock, Series K** | **FITBO** | **The** | **NASDAQ** | **Stock Market LLC** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;Other Events**

Fifth Third Bancorp ("Fifth Third") is filing the information in the exhibits to this Current Report on Form 8-K to incorporate into its securities filings: (i) certain information from its January 20, 2026 earnings release for the fourth quarter of 2025, (ii) certain information from Comerica Incorporated's ("Comerica") January 20, 2026 earnings release for the fourth quarter of 2025, and (iii) the consent of Ernst & Young LLP, the independent registered public accounting firm of Comerica Incorporated.

The information included in Exhibit 99.1 to this Current Report on Form 8-K presents highlights of Fifth Third's unaudited preliminary financial results as of and for the periods indicated. These unaudited preliminary financial results have been prepared by, and are the responsibility of, Fifth Third's management. Fifth Third's Annual Report on Form 10-K for the year ended December 31, 2025 will include its audited financial statements for the year ended December 31, 2025, including the footnote disclosures associated with its results, as well as management's discussion and analysis of financial condition and results of operations. Preparation of Fifth Third's Annual Report on Form 10-K for the year ended December 31, 2025 could result in changes to the unaudited preliminary financial results presented in Exhibit 99.1.

The information included in Exhibit 99.1 should be read in conjunction with Fifth Third's consolidated financial statements and related notes, as well as management's discussion and analysis of financial condition and results of operations, included in Fifth Third's Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC.

The information included in Exhibit 99.2 to this Current Report on Form 8-K presents highlights of Comerica's unaudited preliminary financial results as of and for the periods indicated. These unaudited preliminary financial results have been prepared by, and are the responsibility of, Comerica's management.

The information included in Exhibit 99.2 should be read in conjunction with Comerica's consolidated financial statements and related notes included in Comerica's Annual Report on Form 10-K for the year ended December 31, 2024.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits**

<u>[Exhibit 23.](eyconsent_231debtissuance.htm)[1](eyconsent_231debtissuance.htm)</u> – Consent of Ernst & Young LLP (with respect to Comerica Incorporated)

<u>[Exhibit 99.1](q42025earningsrelease_991d.htm)</u> – Certain financial information contained in Fifth Third Bancorp's press release dated January 20, 2026

<u>[Exhibit 99.2](q42025earningsrelease_992d.htm)</u>– Certain financial information contained in Comerica Incorporated's press release dated January 20, 2026

Exhibit 104 – Cover Page Interactive Data File (embedded within the Inline XBRL document)

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | **FIFTH THIRD BANCORP** |
| | (Registrant) |
| January 26, 2026 | /s/ Bryan D. Preston |
| | Bryan D. Preston |
| | Executive Vice President and<br>Chief Financial Officer |

---

## Exhibit 23.1

**Exhibit 23.1**

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in Registration Statement No. 333-286007 on Form S-3 of Fifth Third Bancorp of our report dated February 24, 2025, relating to the consolidated financial statements of Comerica Incorporated as of and for the years ended December 31, 2024 and 2023, appearing in this Current Report on Form 8-K of Fifth Third Bancorp.

/s/ Ernst & Young LLP

January 26, 2026

Dallas, Texas

## Exhibit 99.1

**Exhibit 99.1**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Key Financial Data** | | | | | | |
| *$ in millions for all balance sheet and income statement items* |  |  |  |  |  |  |
|  | **4Q25** | **4Q25** | **3Q25** | **3Q25** | **4Q24** | **4Q24** |
| **Income Statement Data** |  |  |  |  |  |  |
| Net income available to common shareholders | $699 |  | $608 |  | $582 |  |
| Net interest income (U.S. GAAP) | 1529 |  | 1520 |  | 1437 |  |
| Net interest income (FTE)<sup>(a)</sup> | 1533 |  | 1525 |  | 1443 |  |
| Noninterest income | 811 |  | 781 |  | 732 |  |
| Noninterest expense | 1309 |  | 1267 |  | 1226 |  |
| **Per Share Data** |  |  |  |  |  |  |
| Earnings per share, basic | $1.05 |  | $0.91 |  | $0.86 |  |
| Earnings per share, diluted | 1.04 |  | 0.91 |  | 0.85 |  |
| Book value per share | 30.18 |  | 29.26 |  | 26.17 |  |
| Tangible book value per share<sup>(a)</sup> | 22.60 |  | 21.66 |  | 18.69 |  |
| **Balance Sheet & Credit Quality** |  |  |  |  |  |  |
| Average portfolio loans and leases | $123430 |  | $123326 |  | $117860 |  |
| Average deposits | 168384 |  | 164754 |  | 167237 |  |
| Accumulated other comprehensive loss | (3110) |  | (3276) |  | (4636) |  |
| Net charge-off ratio<sup>(b)</sup> | 0.40 | % | 1.09 | % | 0.46 | % |
| Nonperforming asset ratio<sup>(c)</sup> | 0.65 |  | 0.65 |  | 0.71 |  |
| **Financial Ratios** |  |  |  |  |  |  |
| Return on average assets | 1.36 | % | 1.21 | % | 1.17 | % |
| Return on average common equity | 14.0 |  | 12.6 |  | 13.0 |  |
| Return on average tangible common equity<sup>(a)</sup> | 19.0 |  | 17.3 |  | 18.4 |  |
| CET1 capital<sup>(d)(e)</sup> | 10.77 |  | 10.57 |  | 10.57 |  |
| Net interest margin<sup>(a)</sup> | 3.13 |  | 3.13 |  | 2.97 |  |
| Efficiency<sup>(a)</sup> | 55.8 |  | 54.9 |  | 56.4 |  |
| *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* |
| *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* |
| *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* | *Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Income Statement Highlights** | | | | | |
| **($ in millions, except per share data)** | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Condensed Statements of Income** |  |  |  |  |  |
| Net interest income (NII)<sup>(a)</sup> | $1533 | $1525 | $1443 | 1% | 6% |
| Provision for credit losses | 119 | 197 | 179 | (40)% | (34)% |
| Noninterest income | 811 | 781 | 732 | 4% | 11% |
| Noninterest expense | 1309 | 1267 | 1226 | 3% | 7% |
| Income before income taxes<sup>(a)</sup> | $916 | $842 | $770 | 9% | 19% |
| Taxable equivalent adjustment | $4 | $5 | $6 | (20)% | (33)% |
| Applicable income tax expense | 181 | 188 | 144 | (4)% | 26% |
| Net income | $731 | $649 | $620 | 13% | 18% |
| Dividends on preferred stock | 32 | 41 | 38 | (22)% | (16)% |
| Net income available to common shareholders | $699 | $608 | $582 | 15% | 20% |
| Earnings per share, diluted | $1.04 | $0.91 | $0.85 | 14% | 22% |

---

Fifth Third Bancorp (NASDAQ<sup>®</sup>: FITB) today reported fourth quarter 2025 net income available to common shareholders of $699 million, or $1.04 per diluted share, compared to $608 million, or $0.91 per diluted share, in the prior quarter and $582 million, or $0.85 per diluted share, in the year-ago quarter.

------

---

| | |
|:---|:---|
| **Diluted earnings per share impact of certain item(s) - 4Q25** | **Diluted earnings per share impact of certain item(s) - 4Q25** |
| **(after-tax impact; $ in millions, except per share data)** | **(after-tax impact; $ in millions, except per share data)** |
| Fifth Third Foundation contribution<sup>(f)</sup> | $(38) |
| Merger-related expenses<sup>(f)1</sup> | (13) |
| Interchange litigation matters<sup>(f)2</sup> | (8) |
| Benefit related to the resolution of certain tax matters | 7 |
| Litigation settlements (noninterest income)<sup>(f)</sup> | 9 |
| FDIC special assessment (noninterest expense)<sup>(f)</sup> | 19 |
| After-tax impact of certain item(s) | $(24) |
| Diluted earnings per share impact of certain item(s)<sup>3</sup> | $(0.04) |
| *Totals may not foot due to rounding;* <sup>1</sup>*A portion of the adjustments related to merger-related expenses are not tax-deductible;* <sup>2</sup>*Interchange litigation matters decreased noninterest income by $8 million and increased noninterest expense by $3 million;* <sup>3</sup>*Diluted earnings per share impact reflects 669.153 million average diluted shares outstanding* | *Totals may not foot due to rounding;* <sup>1</sup>*A portion of the adjustments related to merger-related expenses are not tax-deductible;* <sup>2</sup>*Interchange litigation matters decreased noninterest income by $8 million and increased noninterest expense by $3 million;* <sup>3</sup>*Diluted earnings per share impact reflects 669.153 million average diluted shares outstanding* |

---

Full year 2025 net income available to common shareholders was $2.4 billion, or $3.53 per diluted share, compared to full year 2024 net income available to common shareholders of $2.2 billion, or $3.14 per diluted share.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Net Interest Income** | | | | | |
| **(FTE; $ in millions)**<sup>(a)</sup> | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Interest Income** |  |  |  |  |  |
| Interest income | $2472 | $2524 | $2534 | (2)% | (2)% |
| Interest expense | 939 | 999 | 1091 | (6)% | (14)% |
| Net interest income (NII) | $1533 | $1525 | $1443 | 1% | 6% |
| **Average Yield/Rate Analysis** |  |  |  | bps Change | bps Change |
| Yield on interest-earning assets | 5.05% | 5.18% | 5.21% | (13) | (16) |
| Rate paid on interest-bearing liabilities | 2.60% | 2.77% | 3.00% | (17) | (40) |
| **Ratios** |  |  |  |  |  |
| Net interest rate spread | 2.45% | 2.41% | 2.21% | 4 | 24 |
| Net interest margin (NIM) | 3.13% | 3.13% | 2.97% |  | 16 |

---

Fully taxable-equivalent (FTE) NII of $1.533 billion increased $8 million, or 1%, compared to the prior quarter. This improvement primarily reflects deposit and wholesale funding management actions decreasing the cost of interest-bearing liabilities, partially offset by lower loan yields due to the impact of market rates on floating rate loans. These same factors, coupled with higher average other short-term investments (including interest-bearing cash), contributed to the flat NIM in the quarter.

Compared to the year-ago quarter, NII increased $90 million, or 6%, and NIM increased 16 bps. This improvement was due to the benefits from proactive deposit and wholesale funding management decreasing interest-bearing liabilities costs by 40 bps and the benefit of fixed-rate asset repricing, which combined more than offset the 16 bps decrease in interest-earning asset yields.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Noninterest Income** | | | | | |
| **($ in millions)** | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Noninterest Income** |  |  |  |  |  |
| Wealth and asset management revenue | $185 | $181 | $163 | 2% | 13% |
| Commercial payments revenue | 167 | 157 | 155 | 6% | 8% |
| Consumer banking revenue | 143 | 144 | 137 | (1)% | 4% |
| Capital markets fees | 121 | 115 | 123 | 5% | (2)% |
| Commercial banking revenue | 102 | 87 | 109 | 17% | (6)% |
| Mortgage banking net revenue | 56 | 58 | 57 | (3)% | (2)% |
| Other noninterest income (loss) | 42 | 29 | (4) | 45% | NM |
| Securities (losses) gains, net | (5) | 10 | (8) | NM | (38)% |
| Total noninterest income | $811 | $781 | $732 | 4% | 11% |

---

Noninterest income of $811 million increased $30 million, or 4%, from the prior quarter and increased $79 million, or 11%, from the year-ago quarter. The reported results reflect the impact of certain items in the table below, including securities gains/losses which incorporate mark-to-market impacts from securities associated with non-qualified deferred compensation plans that are offset in noninterest expense.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Noninterest Income excluding certain items** | **Noninterest Income excluding certain items** | **Noninterest Income excluding certain items** | **Noninterest Income excluding certain items** | **Noninterest Income excluding certain items** | **Noninterest Income excluding certain items** |
| **($ in millions)** | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Noninterest Income excluding certain items** |  |  |  |  |  |
| Noninterest income (U.S. GAAP) | $811 | $781 | $732 |  |  |
| &nbsp;&nbsp;&nbsp;Interchange litigation matters | 8 | 18 | 51 |  |  |
| &nbsp;&nbsp;&nbsp;Litigation settlements | (12) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Securities (gains) losses, net | 5 | (10) | 8 |  |  |
| Noninterest income excluding certain items<sup>(a)</sup> | $812 | $789 | $791 | 3% | 3% |

---

Noninterest income excluding certain items of $812 million increased $23 million, or 3%, compared to the prior quarter and increased $21 million, or 3%, from the year-ago quarter.

Wealth and asset management revenue increased $4 million, or 2% sequentially, due to an increase in personal asset management revenue. Commercial payments revenue increased $10 million, or 6%, driven by commercial card and Newline revenue. Capital markets fees were up $6 million, or 5%, reflecting seasonal strength in M&A advisory revenue and loan syndications. Commercial banking revenue increased $15 million, or 17%, driven by higher lease syndication and remarketing.

Compared to the year-ago quarter, wealth and asset management revenue increased $22 million, or 13%, with 16% year-over-year AUM growth driving increases in personal asset management revenue and brokerage fees. Commercial payments revenue increased $12 million, or 8%, led by managed services, Newline revenue, and commercial card fees, partially offset by higher earnings credits. Capital markets fees decreased $2 million, or 2%, driven by lower loan syndications revenue, partially offset by higher M&A advisory revenue. Commercial banking revenue decreased $7 million, or 6%, primarily reflecting lower operating lease and other commercial banking revenue.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Noninterest Expense** | | | | | |
| **($ in millions)** | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Noninterest Expense** |  |  |  |  |  |
| Compensation and benefits | $683 | $685 | $665 |  | 3% |
| Technology and communications | 138 | 128 | 123 | 8% | 12% |
| Net occupancy expense | 89 | 89 | 88 |  | 1% |
| Equipment expense | 43 | 44 | 39 | (2)% | 10% |
| Loan and lease expense | 41 | 39 | 36 | 5% | 14% |
| Marketing expense | 37 | 34 | 23 | 9% | 61% |
| Card and processing expense | 27 | 22 | 21 | 23% | 29% |
| Other noninterest expense | 251 | 226 | 231 | 11% | 9% |
| Total noninterest expense | $1309 | $1267 | $1226 | 3% | 7% |

---

Noninterest expense of $1.309 billion increased 3% from the prior quarter and increased 7% from the year-ago quarter. The reported results reflect the impact of certain items in the table below.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Noninterest Expense excluding certain item(s)** | **Noninterest Expense excluding certain item(s)** | **Noninterest Expense excluding certain item(s)** | **Noninterest Expense excluding certain item(s)** | | |
| **($ in millions)** | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Noninterest Expense excluding certain item(s)** |  |  |  |  |  |
| Noninterest expense (U.S. GAAP) | $1309 | $1267 | $1226 |  |  |
| &nbsp;&nbsp;&nbsp;Fifth Third Foundation contribution | (50) |  | (15) |  |  |
| &nbsp;&nbsp;&nbsp;Merger-related expenses | (13) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;FDIC special assessment | 25 | 6 | 11 |  |  |
| &nbsp;&nbsp;&nbsp;Interchange litigation matters | (3) | (9) | (4) |  |  |
| Noninterest expense excluding certain item(s)<sup>(a)</sup> | $1268 | $1264 | $1218 |  | 4% |
| &nbsp;&nbsp;&nbsp;Non-qualified deferred compensation (expense)/benefit | 5 | (11) | 7 |  |  |
| Noninterest expense excluding certain item(s) and non-qualified deferred compensation<sup>(a)</sup> | $1273 | $1253 | $1225 | 2% | 4% |

---

Noninterest expense excluding certain items and non-qualified deferred compensation of $1.273 billion increased 2% compared to the prior quarter with increases in technology and communications and card and processing expense.

Compared to the year-ago quarter, noninterest expense excluding certain items and non-qualified deferred compensation increased $48 million, or 4%, due primarily to increases in compensation and benefits, technology and communications, and marketing expense.

Expenses related to the mark-to-market impact of non-qualified deferred compensation were largely offset in net securities gains/losses through noninterest income in the current and prior periods.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Average Interest-Earning Assets** | | | | | |
| **($ in millions)** | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Average Portfolio Loans and Leases** |  |  |  |  |  |
| Commercial loans and leases: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial and industrial loans | $53947 | $54170 | $51567 |  | 5% |
| &nbsp;&nbsp;&nbsp;Commercial mortgage loans | 12079 | 12027 | 11792 |  | 2% |
| &nbsp;&nbsp;&nbsp;Commercial construction loans | 5399 | 5541 | 5702 | (3)% | (5)% |
| &nbsp;&nbsp;&nbsp;Commercial leases | 3172 | 3177 | 2902 |  | 9% |
| Total commercial loans and leases | $74597 | $74915 | $71963 |  | 4% |
| Consumer loans: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Residential mortgage loans | $17660 | $17656 | $17322 |  | 2% |
| &nbsp;&nbsp;&nbsp;Home equity | 4769 | 4579 | 4125 | 4% | 16% |
| &nbsp;&nbsp;&nbsp;Indirect secured consumer loans | 17879 | 17729 | 16100 | 1% | 11% |
| &nbsp;&nbsp;&nbsp;Credit card | 1694 | 1678 | 1668 | 1% | 2% |
| &nbsp;&nbsp;&nbsp;Solar energy installation loans | 4486 | 4355 | 4137 | 3% | 8% |
| &nbsp;&nbsp;&nbsp;Other consumer loans | 2345 | 2414 | 2545 | (3)% | (8)% |
| Total consumer loans | $48833 | $48411 | $45897 | 1% | 6% |
| Total average portfolio loans and leases | $123430 | $123326 | $117860 |  | 5% |
| **Average Loans and Leases Held for Sale** |  |  |  |  |  |
| Commercial loans and leases held for sale | $19 | $44 | $48 | (57)% | (60)% |
| Consumer loans held for sale | 698 | 623 | 584 | 12% | 20% |
| Total average loans and leases held for sale | $717 | $667 | $632 | 7% | 13% |
| Total average loans and leases | $124147 | $123993 | $118492 |  | 5% |
| Securities (taxable and tax-exempt) | $52512 | $54592 | $56702 | (4)% | (7)% |
| Other short-term investments | 17485 | 14915 | 18319 | 17% | (5)% |
| Total average interest-earning assets | $194144 | $193500 | $193513 |  |  |

---

Total average portfolio loans and leases of $123 billion and average commercial portfolio loans and leases of $75 billion remained stable compared to the prior quarter. Average consumer portfolio loans of $49 billion increased 1%, driven by continued growth in home equity and indirect secured consumer loans.

Compared to the year-ago quarter, total average portfolio loans and leases increased 5%. Average commercial portfolio loans and leases increased 4%, reflecting increases in C&I loans, commercial mortgage loans, and commercial leases. Average consumer portfolio loans increased 6%, primarily due to increases in indirect secured consumer, home equity, and solar energy installation loans.

Average securities (taxable and tax-exempt; amortized cost) of $53 billion in the current quarter decreased 4% compared to the prior quarter and 7% compared to the year-ago quarter. Average other short-term investments (including interest-bearing cash) of $17 billion in the current quarter increased 17% compared to the prior quarter and decreased 5% compared to the year-ago quarter.

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **End of Period Interest-Earning Assets** | | | | | |
| **($ in millions)** | As of | As of | As of | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **End of Period Portfolio Loans and Leases** |  |  |  |  |  |
| Total commercial loans and leases | $73562 | $74423 | $73293 | (1)% |  |
| Total consumer loans | 49089 | 48707 | 46498 | 1% | 6% |
| Total portfolio loans and leases | $122651 | $123130 | $119791 |  | 2% |
| **End of Period Loans and Leases Held for Sale** |  |  |  |  |  |
| Total loans and leases held for sale | $733 | $576 | $640 | 27% | 15% |
| Total loans and leases | $123384 | $123706 | $120431 |  | 2% |
| Securities (taxable and tax-exempt) | $51961 | $52680 | $56713 | (1)% | (8)% |
| Other short-term investments | 18876 | 17215 | 17120 | 10% | 10% |
| Total interest-earning assets | $194221 | $193601 | $194264 |  |  |

---

Period-end commercial portfolio loans and leases of $74 billion decreased 1% compared to the prior quarter as the highest quarterly commercial loan production in over three years was more than offset by the decrease in line utilization. Compared to the year-ago quarter, period-end commercial portfolio loans and leases remained stable.

Period-end consumer portfolio loans of $49 billion increased 1% compared to the prior quarter, primarily reflecting increases in home equity and indirect secured consumer loans. Compared to the year-ago quarter, period-end consumer portfolio loans increased 6% driven by increases in indirect secured consumer and home equity loans.

Total period-end securities (taxable and tax-exempt; amortized cost) of $52 billion in the current quarter decreased 1% compared to the prior quarter and decreased 8% compared to the year-ago quarter. Period-end other short-term investments of approximately $19 billion increased 10% compared to the prior and year-ago quarters.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Average Deposits** | | | | | |
| **($ in millions)** | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Average Deposits** |  |  |  |  |  |
| Demand | $41771 | $41235 | $40137 | 1% | 4% |
| Interest checking | 58612 | 56624 | 59441 | 4% | (1)% |
| Savings | 16103 | 16376 | 17257 | (2)% | (7)% |
| Money market | 39409 | 37434 | 37279 | 5% | 6% |
| Total transaction deposits | $155895 | $151669 | $154114 | 3% | 1% |
| CDs $250,000 or less | 10541 | 10841 | 10592 | (3)% |  |
| Total core deposits | $166436 | $162510 | $164706 | 2% | 1% |
| CDs over $250,000<sup>1</sup> | 1948 | 2244 | 2531 | (13)% | (23)% |
| Total average deposits | $168384 | $164754 | $167237 | 2% | 1% |
| <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* |

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Total average deposits of $168 billion increased 2% compared to the prior quarter, primarily driven by growth in interest checking, money market and demand deposits, partially offset by declines in CDs $250,000 or less. The growth in demand deposits reflects our strategic focus on enhancing the deposit mix and represents the third consecutive quarter of demand deposit growth. Period-end total deposits of $172 billion increased 3%.

Compared to the year-ago quarter, total average deposits increased 1%, mainly due to increases in money market and demand deposits, partially offset by decreases in savings and interest checking deposits. Period-end total deposits increased 3%.

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The period-end portfolio loan-to-core deposit ratio was 72% in the current quarter, compared to 75% in the prior quarter and 73% in the year-ago quarter.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Average Wholesale Funding** | | | | | |
| **($ in millions)** | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Average Wholesale Funding** |  |  |  |  |  |
| CDs over $250,000<sup>1</sup> | $1948 | $2244 | $2531 | (13)% | (23)% |
| Federal funds purchased | 204 | 198 | 223 | 3% | (9)% |
| Securities sold under repurchase agreements | 365 | 376 | 313 | (3)% | 17% |
| FHLB advances | 2552 | 4920 | 1567 | (48)% | 63% |
| Derivative collateral and other secured borrowings | 84 | 82 | 76 | 2% | 11% |
| Long-term debt | 13700 | 14001 | 15492 | (2)% | (12)% |
| Total average wholesale funding | $18853 | $21821 | $20202 | (14)% | (7)% |
| <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* | <sup>1</sup>*CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.* |

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Average wholesale funding of $19 billion decreased 14% compared to the prior quarter, driven by a reduction in FHLB advances and long-term debt. The 7% decrease in average wholesale funding compared to the year-ago quarter was primarily attributable to a decrease in long-term debt and CDs over $250,000, inclusive of brokered deposits, partially offset by an increase in FHLB advances.

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Credit Quality Summary** | | | | | |
| **($ in millions)** | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended |
|  | December | September | June | March | December |
|  | 2025 | 2025 | 2025 | 2025 | 2024 |
| Total nonaccrual portfolio loans and leases (NPLs) | $767 | $768 | $853 | $966 | $823 |
| Repossessed property | 11 | 12 | 8 | 9 | 9 |
| OREO | 19 | 21 | 25 | 21 | 21 |
| Total nonperforming portfolio loans and leases and OREO (NPAs) | $797 | $801 | $886 | $996 | $853 |
| NPL ratio<sup>(g)</sup> | 0.62% | 0.62% | 0.70% | 0.79% | 0.69% |
| NPA ratio<sup>(c)</sup> | 0.65% | 0.65% | 0.72% | 0.81% | 0.71% |
| Portfolio loans and leases 30-89 days past due (accrual) | $360 | $348 | $277 | $385 | $303 |
| Portfolio loans and leases 90 days past due (accrual) | 30 | 29 | 34 | 33 | 32 |
| 30-89 days past due as a % of portfolio loans and leases | 0.29% | 0.28% | 0.23% | 0.31% | 0.25% |
| 90 days past due as a % of portfolio loans and leases | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% |
| Allowance for loan and lease losses (ALLL), beginning | $2265 | $2412 | $2384 | $2352 | $2305 |
| &nbsp;&nbsp;&nbsp;Total net losses charged-off | (125) | (339) | (139) | (136) | (136) |
| &nbsp;&nbsp;&nbsp;Provision for loan and lease losses | 113 | 192 | 167 | 168 | 183 |
| ALLL, ending | $2253 | $2265 | $2412 | $2384 | $2352 |
| Reserve for unfunded commitments, beginning | $151 | $146 | $140 | $134 | $138 |
| &nbsp;&nbsp;&nbsp;Provision for (benefit from) the reserve for unfunded commitments | 6 | 5 | 6 | 6 | (4) |
| Reserve for unfunded commitments, ending | $157 | $151 | $146 | $140 | $134 |
| Total allowance for credit losses (ACL) | $2410 | $2416 | $2558 | $2524 | $2486 |
| ACL ratios: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;As a % of portfolio loans and leases | 1.96% | 1.96% | 2.09% | 2.07% | 2.08% |
| &nbsp;&nbsp;&nbsp;As a % of nonperforming portfolio loans and leases | 314% | 314% | 300% | 261% | 302% |
| &nbsp;&nbsp;&nbsp;As a % of nonperforming portfolio assets | 302% | 302% | 289% | 253% | 291% |
| ALLL as a % of portfolio loans and leases | 1.84% | 1.84% | 1.97% | 1.95% | 1.96% |
| Total losses charged-off | $(177) | $(382) | $(194) | $(173) | $(175) |
| Total recoveries of losses previously charged-off | 52 | 43 | 55 | 37 | 39 |
| Total net losses charged-off | $(125) | $(339) | $(139) | $(136) | $(136) |
| Net charge-off ratio (NCO ratio)<sup>(b)</sup> | 0.40% | 1.09% | 0.45% | 0.46% | 0.46% |
| &nbsp;&nbsp;&nbsp;Commercial NCO ratio | 0.27% | 1.46% | 0.38% | 0.35% | 0.32% |
| &nbsp;&nbsp;&nbsp;Consumer NCO ratio | 0.59% | 0.52% | 0.56% | 0.63% | 0.68% |

---

The provision for credit losses totaled $119 million in the current quarter. The ACL ratio represented 1.96% of total portfolio loans and leases at quarter end, consistent with the prior quarter and down 12 bps from the year-ago quarter. The ACL coverage ratio was unchanged from the prior quarter at 314% of nonperforming portfolio loans and leases and 302% of nonperforming portfolio assets.

Net charge-offs totaled $125 million in the current quarter, down $214 million from the prior quarter and the NCO ratio decreased 69 bps to 0.40%. The third quarter of 2025 net charge-offs included a $178 million fraud-related impairment of a commercial credit. Excluding this credit, net charge-offs were down $36 million, or 12 bps, sequentially. Commercial net charge-offs were $51 million, with a commercial NCO ratio of 0.27%, down 119 bps from the prior quarter. Consumer net

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charge-offs were $74 million, with a consumer NCO ratio of 0.59%, up 7 bps sequentially, reflecting the seasonal increase in indirect secured net charge-offs.

Compared to the year-ago quarter, net charge-offs decreased $11 million and the NCO ratio decreased 6 bps. The commercial NCO ratio decreased 5 bps, and the consumer NCO ratio decreased 9 bps compared to the prior year.

Nonperforming portfolio loans and leases totaled $767 million in the current quarter, representing an NPL ratio of 0.62%, compared to 0.62% in the prior quarter and 0.69% in the year-ago quarter. Nonperforming portfolio assets totaled $797 million in the current quarter, resulting in an NPA ratio of 0.65%, compared to 0.65% in the prior quarter and 0.71% in the year-ago quarter.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Capital Position** | | | | | |
|  | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended |
|  | December | September | June | March | December |
|  | 2025 | 2025 | 2025 | 2025 | 2024 |
| **Capital Position** |  |  |  |  |  |
| Average total Bancorp shareholders' equity as a % of average assets | 10.11% | 10.02% | 9.82% | 9.50% | 9.40% |
| Tangible equity<sup>(a)</sup> | 9.28% | 9.12% | 9.39% | 9.07% | 9.02% |
| Tangible common equity (excluding AOCI)<sup>(a)</sup> | 8.46% | 8.29% | 8.38% | 8.07% | 8.03% |
| Tangible common equity (including AOCI)<sup>(a)</sup> | 7.14% | 6.89% | 6.84% | 6.40% | 6.02% |
| **Regulatory Capital Ratios**<sup>(d)(e)</sup>  |  |  |  |  |  |
| CET1 capital | 10.77% | 10.57% | 10.58% | 10.43% | 10.57% |
| Tier 1 risk-based capital | 11.82% | 11.63% | 11.85% | 11.71% | 11.86% |
| Total risk-based capital | 13.73% | 13.54% | 13.77% | 13.63% | 13.86% |
| Leverage | 9.42% | 9.24% | 9.42% | 9.23% | 9.22% |

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CET1 capital ratio of 10.77% increased 20 bps sequentially, primarily reflecting strong earnings that bolstered retained capital. There was no share repurchase activity in the fourth quarter of 2025 due to the pending Comerica acquisition.

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**Tax Rate**

The effective tax rate for the quarter was 19.8% compared with 22.6% in the prior quarter and 18.8% in the year-ago quarter.

**Corporate Profile** 

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com.

**Earnings Release End Notes**

*(a)Non-GAAP measure; see discussion of non-GAAP reconciliation.*

*(b)Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis.*

*(c)Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO.*

*(d)Regulatory capital ratios as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.*

*(e)Current period regulatory capital ratios are estimated.*

*(f)Assumes a 24% tax rate.*

*(g)Nonperforming portfolio loans and leases as a percent of portfolio loans and leases.*

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**FORWARD-LOOKING STATEMENTS**

*This release contains statements that we believe are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements other than statements of historical fact are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as "will likely result," "may," "are expected to," "is anticipated," "potential," "estimate," "forecast," "projected," "intends to," or may include other similar words or phrases such as "believes," "plans," "trend," "objective," "continue," "remain," or similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "might," "can," or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission ("SEC").*

*You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or "SEC," for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information contained herein is intended to be reviewed in its totality, and any stipulations, conditions or provisos that apply to a given piece of information in one part of this press release should be read as applying mutatis mutandis to every other instance of such information appearing herein.*

*# # #*

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fifth Third Bancorp and Subsidiaries** | | | | | | | | |
| Consolidated Statements of Income |  |  |  |  |  |  |  |  |
| $ in millions | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | % Change | % Change | Year to Date | Year to Date | % Change |
| (unaudited) | December | September | December |  |  | December | December |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr | 2025 | 2024 | Yr/Yr |
| **Interest Income** |  |  |  |  |  |  |  |  |
| Interest and fees on loans and leases | $1862 | $1909 | $1836 | (2%) | 1% | $7466 | $7477 |  |
| Interest on securities | 431 | 444 | 464 | (3%) | (7%) | 1785 | 1839 | (3%) |
| Interest on other short-term investments | 175 | 166 | 228 | 5% | (23%) | 652 | 1110 | (41%) |
| Total interest income | 2468 | 2519 | 2528 | (2%) | (2%) | 9903 | 10426 | (5%) |
| **Interest Expense** |  |  |  |  |  |  |  |  |
| Interest on deposits | 726 | 750 | 856 | (3%) | (15%) | 2952 | 3736 | (21%) |
| Interest on short-term borrowings<sup>(a)</sup>  | 34 | 61 | 25 | (44%) | 36% | 215 | 168 | 28% |
| Interest on long-term debt | 179 | 188 | 210 | (5%) | (15%) | 754 | 892 | (15%) |
| Total interest expense | 939 | 999 | 1091 | (6%) | (14%) | 3921 | 4796 | (18%) |
| **Net Interest Income** | 1529 | 1520 | 1437 | 1% | 6% | 5982 | 5630 | 6% |
| Provision for credit losses | 119 | 197 | 179 | (40%) | (34%) | 662 | 530 | 25% |
| **Net Interest Income After Provision for Credit Losses** | 1410 | 1323 | 1258 | 7% | 12% | 5320 | 5100 | 4% |
| **Noninterest Income** |  |  |  |  |  |  |  |  |
| Wealth and asset management revenue | 185 | 181 | 163 | 2% | 13% | 704 | 647 | 9% |
| Commercial payments revenue | 167 | 157 | 155 | 6% | 8% | 630 | 608 | 4% |
| Consumer banking revenue | 143 | 144 | 137 | (1%) | 4% | 571 | 555 | 3% |
| Capital markets fees | 121 | 115 | 123 | 5% | (2%) | 415 | 424 | (2%) |
| Commercial banking revenue | 102 | 87 | 109 | 17% | (6%) | 349 | 377 | (7%) |
| Mortgage banking net revenue | 56 | 58 | 57 | (3%) | (2%) | 227 | 211 | 8% |
| Other noninterest income (loss) | 42 | 29 | (4) | 45% | NM | 126 | 12 | 950% |
| Securities gains (losses), net | (5) | 10 | (8) | NM | (38%) | 13 | 15 | (13%) |
| Total noninterest income | 811 | 781 | 732 | 4% | 11% | 3035 | 2849 | 7% |
| **Noninterest Expense** |  |  |  |  |  |  |  |  |
| Compensation and benefits | 683 | 685 | 665 |  | 3% | 2815 | 2763 | 2% |
| Technology and communications | 138 | 128 | 123 | 8% | 12% | 516 | 474 | 9% |
| Net occupancy expense | 89 | 89 | 88 |  | 1% | 349 | 339 | 3% |
| Equipment expense | 43 | 44 | 39 | (2%) | 10% | 169 | 153 | 10% |
| Loan and lease expense | 41 | 39 | 36 | 5% | 14% | 146 | 132 | 11% |
| Marketing expense | 37 | 34 | 23 | 9% | 61% | 142 | 115 | 23% |
| Card and processing expense | 27 | 22 | 21 | 23% | 29% | 92 | 84 | 10% |
| Other noninterest expense | 251 | 226 | 231 | 11% | 9% | 915 | 973 | (6%) |
| Total noninterest expense | 1309 | 1267 | 1226 | 3% | 7% | 5144 | 5033 | 2% |
| **Income Before Income Taxes** | 912 | 837 | 764 | 9% | 19% | 3211 | 2916 | 10% |
| Applicable income tax expense | 181 | 188 | 144 | (4%) | 26% | 689 | 602 | 14% |
| **Net Income** | 731 | 649 | 620 | 13% | 18% | 2522 | 2314 | 9% |
| Dividends on preferred stock | 32 | 41 | 38 | (22%) | (16%) | 146 | 159 | (8%) |
| **Net Income Available to Common Shareholders** | $699 | $608 | $582 | 15% | 20% | $2376 | $2155 | 10% |

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*(a)Effective December 31, 2025, interest on federal funds purchased and interest on other short-term borrowings are included in interest on short-term borrowings. Prior periods have been adjusted to conform to current period presentation.*

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fifth Third Bancorp and Subsidiaries** | | | | | |
| Consolidated Statements of Income |  |  |  |  |  |
| $ in millions | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended |
| (unaudited) | December | September | June | March | December |
|  | 2025 | 2025 | 2025 | 2025 | 2024 |
| **Interest Income** |  |  |  |  |  |
| Interest and fees on loans and leases | $1862 | $1909 | $1881 | $1816 | $1836 |
| Interest on securities | 431 | 444 | 458 | 451 | 464 |
| Interest on other short-term investments | 175 | 166 | 145 | 165 | 228 |
| Total interest income | 2468 | 2519 | 2484 | 2432 | 2528 |
| **Interest Expense** |  |  |  |  |  |
| Interest on deposits | 726 | 750 | 732 | 743 | 856 |
| Interest on short-term borrowings<sup>(a)</sup>  | 34 | 61 | 61 | 58 | 25 |
| Interest on long-term debt | 179 | 188 | 196 | 194 | 210 |
| Total interest expense | 939 | 999 | 989 | 995 | 1091 |
| **Net Interest Income** | 1529 | 1520 | 1495 | 1437 | 1437 |
| Provision for credit losses | 119 | 197 | 173 | 174 | 179 |
| **Net Interest Income After Provision for Credit Losses** | 1410 | 1323 | 1322 | 1263 | 1258 |
| **Noninterest Income** |  |  |  |  |  |
| Wealth and asset management revenue | 185 | 181 | 166 | 172 | 163 |
| Commercial payments revenue | 167 | 157 | 152 | 153 | 155 |
| Consumer banking revenue | 143 | 144 | 147 | 137 | 137 |
| Capital markets fees | 121 | 115 | 90 | 90 | 123 |
| Commercial banking revenue | 102 | 87 | 79 | 80 | 109 |
| Mortgage banking net revenue | 56 | 58 | 56 | 57 | 57 |
| Other noninterest income (loss) | 42 | 29 | 44 | 14 | (4) |
| Securities (losses) gains, net | (5) | 10 | 16 | (9) | (8) |
| Total noninterest income | 811 | 781 | 750 | 694 | 732 |
| **Noninterest Expense** |  |  |  |  |  |
| Compensation and benefits | 683 | 685 | 698 | 750 | 665 |
| Technology and communications | 138 | 128 | 126 | 123 | 123 |
| Net occupancy expense | 89 | 89 | 83 | 87 | 88 |
| Equipment expense | 43 | 44 | 41 | 42 | 39 |
| Loan and lease expense | 41 | 39 | 36 | 30 | 36 |
| Marketing expense | 37 | 34 | 43 | 28 | 23 |
| Card and processing expense | 27 | 22 | 22 | 21 | 21 |
| Other noninterest expense | 251 | 226 | 215 | 223 | 231 |
| Total noninterest expense | 1309 | 1267 | 1264 | 1304 | 1226 |
| **Income Before Income Taxes** | 912 | 837 | 808 | 653 | 764 |
| Applicable income tax expense | 181 | 188 | 180 | 138 | 144 |
| **Net Income** | 731 | 649 | 628 | 515 | 620 |
| Dividends on preferred stock | 32 | 41 | 37 | 37 | 38 |
| **Net Income Available to Common Shareholders** | $699 | $608 | $591 | $478 | $582 |

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*(a)Effective December 31, 2025, interest on federal funds purchased and interest on other short-term borrowings are included in interest on short-term borrowings. Prior periods have been adjusted to conform to current period presentation.*

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fifth Third Bancorp and Subsidiaries** | | | | | |
| Consolidated Balance Sheets |  |  |  |  |  |
| $ in millions, except per share data | As of | As of | As of | % Change | % Change |
| (unaudited) | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| **Assets** |  |  |  |  |  |
| Cash and due from banks | $3499 | $2901 | $3014 | 21% | 16% |
| Other short-term investments | 18876 | 17215 | 17120 | 10% | 10% |
| Available-for-sale debt and other securities<sup>(a)</sup>  | 36159 | 36461 | 39547 | (1%) | (9%) |
| Held-to-maturity securities<sup>(b)</sup>  | 11368 | 11498 | 11278 | (1%) | 1% |
| Trading debt securities | 1057 | 1266 | 1185 | (17%) | (11%) |
| Equity securities | 453 | 287 | 341 | 58% | 33% |
| Loans and leases held for sale | 733 | 576 | 640 | 27% | 15% |
| Portfolio loans and leases: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial loans | 52749 | 53947 | 52271 | (2%) | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgage loans | 12228 | 11932 | 12246 | 2% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial construction loans | 5316 | 5326 | 5588 |  | (5%) |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial leases | 3269 | 3218 | 3188 | 2% | 3% |
| Total commercial loans and leases | 73562 | 74423 | 73293 | (1%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage loans | 17652 | 17644 | 17543 |  | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 4846 | 4678 | 4188 | 4% | 16% |
| &nbsp;&nbsp;&nbsp;&nbsp;Indirect secured consumer loans | 17964 | 17885 | 16313 |  | 10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 1747 | 1692 | 1734 | 3% | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Solar energy installation loans | 4560 | 4432 | 4202 | 3% | 9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer loans | 2320 | 2376 | 2518 | (2%) | (8%) |
| Total consumer loans | 49089 | 48707 | 46498 | 1% | 6% |
| Portfolio loans and leases | 122651 | 123130 | 119791 |  | 2% |
| Allowance for loan and lease losses | (2253) | (2265) | (2352) | (1%) | (4%) |
| Portfolio loans and leases, net | 120398 | 120865 | 117439 |  | 3% |
| Bank premises and equipment | 2734 | 2655 | 2475 | 3% | 10% |
| Operating lease equipment | 374 | 379 | 319 | (1%) | 17% |
| Goodwill | 4947 | 4947 | 4918 |  | 1% |
| Intangible assets | 69 | 76 | 90 | (9%) | (23%) |
| Servicing rights | 1598 | 1601 | 1704 |  | (6%) |
| Other assets | 12111 | 12176 | 12857 | (1%) | (6%) |
| **Total Assets** | $214376 | $212903 | $212927 | 1% | 1% |
| **Liabilities** |  |  |  |  |  |
| Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand | $42647 | $41830 | $41038 | 2% | 4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest checking | 61155 | 57239 | 59306 | 7% | 3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 16155 | 16110 | 17147 |  | (6%) |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 39285 | 38748 | 36605 | 1% | 7% |
| &nbsp;&nbsp;&nbsp;&nbsp;CDs $250,000 or less | 10599 | 10667 | 10798 | (1%) | (2%) |
| &nbsp;&nbsp;&nbsp;&nbsp;CDs over $250,000 | 1978 | 1975 | 2358 |  | (16%) |
| Total deposits | 171819 | 166569 | 167252 | 3% | 3% |
| Short-term borrowings<sup>(d)</sup>  | 926 | 5260 | 4654 | (82%) | (80%) |
| Accrued taxes, interest and expenses | 2083 | 1943 | 2137 | 7% | (3%) |
| Other liabilities | 4235 | 4347 | 4902 | (3%) | (14%) |
| Long-term debt | 13589 | 13677 | 14337 | (1%) | (5%) |
| **Total Liabilities** | 192652 | 191796 | 193282 |  |  |
| **Equity** |  |  |  |  |  |
| Common stock<sup>(c)</sup>  | 2051 | 2051 | 2051 |  |  |
| Preferred stock | 1770 | 1770 | 2116 |  | (16%) |
| Capital surplus | 3831 | 3813 | 3804 |  | 1% |
| Retained earnings | 25488 | 25057 | 24150 | 2% | 6% |
| Accumulated other comprehensive loss | (3110) | (3276) | (4636) | (5%) | (33%) |
| Treasury stock | (8306) | (8308) | (7840) |  | 6% |
| **Total Equity** | 21724 | 21107 | 19645 | 3% | 11% |
| **Total Liabilities and Equity** | $214376 | $212903 | $212927 | 1% | 1% |
| *(a) Amortized cost* | *$39107* | *$39617* | *$43878* | *(1%)* | *(11%)* |
| *(b) Market values* | *11404* | *11506* | *10965* | *(1 %)* | *4 %* |
| *(c) Common shares, stated value $2.22 per share (in thousands):* |  |  |  |  |  |
| *Authorized* | *2000000* | *2000000* | *2000000* | *—* | *—* |
| *Outstanding, excluding treasury* | *661198* | *660973* | *669854* | *—* | *—* |
| *Treasury* | *262695* | *262919* | *254039* | *—* | *—* |
| *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fifth Third Bancorp and Subsidiaries** | | | | | |
| Consolidated Balance Sheets |  |  |  |  |  |
| $ in millions, except per share data | As of | As of | As of | As of | As of |
| (unaudited) | December | September | June | March | December |
|  | 2025 | 2025 | 2025 | 2025 | 2024 |
| **Assets** |  |  |  |  |  |
| Cash and due from banks | $3499 | $2901 | $2972 | $3009 | $3014 |
| Other short-term investments | 18876 | 17215 | 13043 | 14965 | 17120 |
| Available-for-sale debt and other securities<sup>(a)</sup> | 36159 | 36461 | 38270 | 39747 | 39547 |
| Held-to-maturity securities<sup>(b)</sup> | 11368 | 11498 | 11630 | 11185 | 11278 |
| Trading debt securities | 1057 | 1266 | 1324 | 1159 | 1185 |
| Equity securities | 453 | 287 | 404 | 494 | 341 |
| Loans and leases held for sale | 733 | 576 | 646 | 473 | 640 |
| Portfolio loans and leases: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial loans | 52749 | 53947 | 53312 | 53700 | 52271 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgage loans | 12228 | 11932 | 12112 | 12357 | 12246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial construction loans | 5316 | 5326 | 5551 | 5952 | 5588 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial leases | 3269 | 3218 | 3177 | 3128 | 3188 |
| Total commercial loans and leases | 73562 | 74423 | 74152 | 75137 | 73293 |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage loans | 17652 | 17644 | 17681 | 17581 | 17543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 4846 | 4678 | 4485 | 4265 | 4188 |
| &nbsp;&nbsp;&nbsp;&nbsp;Indirect secured consumer loans | 17964 | 17885 | 17591 | 16804 | 16313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 1747 | 1692 | 1707 | 1660 | 1734 |
| &nbsp;&nbsp;&nbsp;&nbsp;Solar energy installation loans | 4560 | 4432 | 4316 | 4262 | 4202 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer loans | 2320 | 2376 | 2464 | 2482 | 2518 |
| Total consumer loans | 49089 | 48707 | 48244 | 47054 | 46498 |
| Portfolio loans and leases | 122651 | 123130 | 122396 | 122191 | 119791 |
| Allowance for loan and lease losses | (2253) | (2265) | (2412) | (2384) | (2352) |
| Portfolio loans and leases, net | 120398 | 120865 | 119984 | 119807 | 117439 |
| Bank premises and equipment | 2734 | 2655 | 2560 | 2506 | 2475 |
| Operating lease equipment | 374 | 379 | 344 | 314 | 319 |
| Goodwill | 4947 | 4947 | 4918 | 4918 | 4918 |
| Intangible assets | 69 | 76 | 75 | 82 | 90 |
| Servicing rights | 1598 | 1601 | 1629 | 1663 | 1704 |
| Other assets | 12111 | 12176 | 12192 | 12347 | 12857 |
| **Total Assets** | $214376 | $212903 | $209991 | $212669 | $212927 |
| **Liabilities** |  |  |  |  |  |
| Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand | $42647 | $41830 | $42174 | $40855 | $41038 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest checking | 61155 | 57239 | 55524 | 58420 | 59306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 16155 | 16110 | 16614 | 17583 | 17147 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 39285 | 38748 | 36586 | 36505 | 36605 |
| &nbsp;&nbsp;CDs $250,000 or less | 10599 | 10667 | 10883 | 10248 | 10798 |
| &nbsp;&nbsp;CDs over $250,000 | 1978 | 1975 | 2426 | 1894 | 2358 |
| Total deposits | 171819 | 166569 | 164207 | 165505 | 167252 |
| Short-term borrowings<sup>(d)</sup>  | 926 | 5260 | 3571 | 5684 | 4654 |
| Accrued taxes, interest and expenses | 2083 | 1943 | 1970 | 1722 | 2137 |
| Other liabilities | 4235 | 4347 | 4627 | 4816 | 4902 |
| Long-term debt | 13589 | 13677 | 14492 | 14539 | 14337 |
| **Total Liabilities** | 192652 | 191796 | 188867 | 192266 | 193282 |
| **Equity** |  |  |  |  |  |
| Common stock<sup>(c)</sup> | 2051 | 2051 | 2051 | 2051 | 2051 |
| Preferred stock | 1770 | 1770 | 2116 | 2116 | 2116 |
| Capital surplus | 3831 | 3813 | 3794 | 3773 | 3804 |
| Retained earnings | 25488 | 25057 | 24718 | 24377 | 24150 |
| Accumulated other comprehensive loss | (3110) | (3276) | (3546) | (3895) | (4636) |
| Treasury stock | (8306) | (8308) | (8009) | (8019) | (7840) |
| **Total Equity** | 21724 | 21107 | 21124 | 20403 | 19645 |
| **Total Liabilities and Equity** | $214376 | $212903 | $209991 | $212669 | $212927 |
| *(a) Amortized cost* | *$39107* | *$39617* | *$41731* | *$43445* | *$43878* |
| *(b) Market values* | *11404* | *11506* | *11547* | *11072* | *10965* |
| *(c) Common shares, stated value $2.22 per share (in thousands):* |  |  |  |  |  |
| *Authorized* | *2000000* | *2000000* | *2000000* | *2000000* | *2000000* |
| *Outstanding, excluding treasury* | *661198* | *660973* | *667710* | *667272* | *669854* |
| *Treasury* | *262695* | *262919* | *256183* | *256621* | *254039* |
| *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* | *(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to* <br>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current period presentation.* |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Fifth Third Bancorp and Subsidiaries** | | | | |
| Consolidated Statements of Changes in Equity |  |  |  |  |
| $ in millions |  |  |  |  |
| (unaudited) |  |  |  |  |
|  | For the Three Months Ended | For the Three Months Ended | Year to Date | Year to Date |
|  | December | December | December | December |
|  | 2025 | 2024 | 2025 | 2024 |
| **Total Equity, Beginning** | $21107 | $20784 | $19645 | $19172 |
| Net income | 731 | 620 | 2522 | 2314 |
| Other comprehensive income, net of tax: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Change in unrealized gains (losses): |  |  |  |  |
| Available-for-sale debt securities | 159 | (747) | 1049 | 29 |
| Qualifying cash flow hedges | (18) | (468) | 379 | (282) |
| &nbsp;&nbsp;&nbsp;Amortization of unrealized losses on securities transferred to held-to-maturity | 25 | 25 | 97 | 101 |
| &nbsp;&nbsp;&nbsp;Change in accumulated other comprehensive income related to employee benefit plans |  |  | 1 | 1 |
| &nbsp;&nbsp;&nbsp;Other |  |  |  | 2 |
| Comprehensive income | 897 | (570) | 4048 | 2165 |
| Cash dividends declared: |  |  |  |  |
| Common stock | (268) | (252) | (1038) | (992) |
| Preferred stock | (32) | (38) | (142) | (159) |
| Impact of stock transactions under stock compensation plans, net | 20 | 24 | 90 | 99 |
| Shares acquired for treasury |  | (303) | (529) | (630) |
| Redemption of preferred stock |  |  | (350) |  |
| Impact of cumulative effect of change in accounting principle |  |  |  | (10) |
| **Total Equity, Ending** | $21724 | $19645 | $21724 | $19645 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fifth Third Bancorp and Subsidiaries** | | | | | |
| Regulatory Capital |  |  |  |  |  |
| $ in millions | As of | As of | As of | As of | As of |
| (unaudited) | December | September | June | March | December |
|  | 2025<sup>(a)</sup> | 2025 | 2025 | 2025 | 2024 |
| **Regulatory Capital**<sup>(b)</sup> |  |  |  |  |  |
| CET1 capital | $18101 | $17645 | $17616 | $17239 | $17339 |
| Additional tier 1 capital | 1770 | 1770 | 2116 | 2116 | 2116 |
| Tier 1 capital | 19871 | 19415 | 19732 | 19355 | 19455 |
| Tier 2 capital | 3204 | 3204 | 3197 | 3175 | 3291 |
| Total regulatory capital | $23075 | $22619 | $22929 | $22530 | $22746 |
| Risk-weighted assets | $168121 | $166999 | $166517 | $165326 | $164102 |
| **Ratios** |  |  |  |  |  |
| Average total Bancorp shareholders' equity as a percent of average assets | 10.11% | 10.02% | 9.82% | 9.50% | 9.40% |
| **Regulatory Capital Ratios**<sup>(b)</sup> |  |  |  |  |  |
| Fifth Third Bancorp |  |  |  |  |  |
| CET1 capital | 10.77% | 10.57% | 10.58% | 10.43% | 10.57% |
| Tier 1 risk-based capital | 11.82% | 11.63% | 11.85% | 11.71% | 11.86% |
| Total risk-based capital | 13.73% | 13.54% | 13.77% | 13.63% | 13.86% |
| Leverage | 9.42% | 9.24% | 9.42% | 9.23% | 9.22% |
| Fifth Third Bank, National Association |  |  |  |  |  |
| Tier 1 risk-based capital | 13.04% | 12.95% | 12.87% | 12.78% | 12.86% |
| Total risk-based capital | 14.28% | 14.19% | 14.12% | 14.02% | 14.19% |
| Leverage | 10.41% | 10.31% | 10.25% | 10.10% | 10.02% |

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*(a)Current period regulatory capital data and ratios are estimated.*

*(b)Regulatory capital ratios as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.*

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**Use of Non-GAAP Financial Measures**

In addition to GAAP measures, management considers various non-GAAP measures when evaluating the performance of the business, including: "net interest income (FTE)," "interest income (FTE)," "net interest margin (FTE)," "net interest rate spread (FTE)," "income before income taxes (FTE)," "tangible net income available to common shareholders," "average tangible common equity," "return on average tangible common equity," "tangible common equity (excluding AOCI)," "tangible common equity (including AOCI)," "tangible equity," "tangible book value per share," "tangible book value per share (excluding AOCI)," "adjusted noninterest income," "noninterest income excluding certain items," "adjusted noninterest expense," "noninterest expense excluding certain items," "pre-provision net revenue," "adjusted efficiency ratio," "adjusted return on average common equity," "adjusted return on average tangible common equity," "adjusted return on average tangible common equity, excluding accumulated other comprehensive income", "adjusted pre-provision net revenue," "adjusted return on average assets," "efficiency ratio (FTE)," "total revenue (FTE)," "adjusted total revenue," "noninterest income as a percent of total revenue", and certain ratios derived from these measures. The Bancorp believes these non-GAAP measures provide useful information to investors because these are among the measures used by the Fifth Third management team to evaluate operating performance and to make day-to-day operating decisions.

The FTE basis adjusts for the tax-favored status of income from certain loans and securities held by the Bancorp that are not taxable for federal income tax purposes. The Bancorp believes this presentation to be the preferred industry measurement of net interest income and net interest margin as it provides a relevant comparison between taxable and non-taxable amounts.

The Bancorp believes tangible net income available to common shareholders, average tangible common equity, tangible common equity (excluding AOCI), tangible common equity (including AOCI), tangible equity, tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of the business without the impacts of intangible items, whether acquired or created internally, in a manner comparable to other companies in the industry who present similar measures.

The Bancorp believes noninterest income, noninterest expense, net interest income, net interest margin, pre-provision net revenue, efficiency ratio, adjusted total revenue, noninterest income as a percent of total revenue, return on average common equity, return on average tangible common equity, and return on average assets are important measures that adjust for significant, unusual, or large transactions that may occur in a reporting period which management does not consider indicative of ongoing financial performance and enhances comparability of results with prior periods.

The Bancorp believes noninterest income excluding certain items and noninterest expense excluding certain items are important measures that adjust for certain components that are prone to significant period-to-period changes in order to facilitate the explanation of variances in the noninterest income and noninterest expense line items.

Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity and tangible common equity (including and excluding AOCI), in addition to capital ratios defined by U.S. banking agencies. These calculations are intended to complement the capital ratios defined by U.S. banking agencies for both absolute and comparative purposes. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. Management believes that providing the tangible common equity ratio excluding AOCI on certain assets and liabilities enables investors and others to assess the Bancorp's use of equity without the effects of changes in AOCI, some of which are uncertain; providing the tangible common equity ratio including AOCI enables investors and others to assess the Bancorp's use of equity if components of AOCI, such as unrealized gains or losses, were to be monetized.

Please note that although non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.

Please see reconciliations of all historical non-GAAP measures used in this release to the most directly comparable GAAP measures, beginning on the following page.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fifth Third Bancorp and Subsidiaries** | **Fifth Third Bancorp and Subsidiaries** | | | | | |
| Non-GAAP Reconciliation | Non-GAAP Reconciliation |  |  |  |  |  |
| $ and shares in millions | $ and shares in millions | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended | As of and For the Three Months Ended |
| (unaudited) | (unaudited) | December | September | June | March | December |
|  |  | 2025 | 2025 | 2025 | 2025 | 2024 |
| **Net interest income** | **Net interest income** | $1529 | $1520 | $1495 | $1437 | $1437 |
| Add: Taxable equivalent adjustment | Add: Taxable equivalent adjustment | 4 | 5 | 5 | 5 | 6 |
| Net interest income (FTE) (a) | Net interest income (FTE) (a) | 1533 | 1525 | 1500 | 1442 | 1443 |
| **Net interest income (annualized) (b)** | **Net interest income (annualized) (b)** | 6066 | 6030 | 5996 | 5828 | 5717 |
| Net interest income (FTE) (annualized) (c) | Net interest income (FTE) (annualized) (c) | 6082 | 6050 | 6016 | 5848 | 5741 |
| **Interest income** | **Interest income** | 2468 | 2519 | 2484 | 2432 | 2528 |
| Add: Taxable equivalent adjustment | Add: Taxable equivalent adjustment | 4 | 5 | 5 | 5 | 6 |
| Interest income (FTE) | Interest income (FTE) | 2472 | 2524 | 2489 | 2437 | 2534 |
| Interest income (FTE) (annualized) (d) | Interest income (FTE) (annualized) (d) | 9807 | 10014 | 9983 | 9883 | 10081 |
| **Interest expense (annualized) (e)** | **Interest expense (annualized) (e)** | 3725 | 3963 | 3967 | 4035 | 4340 |
| **Average interest-earning assets (f)** | **Average interest-earning assets (f)** | 194144 | 193500 | 192682 | 192808 | 193513 |
| **Average interest-bearing liabilities (g)** | **Average interest-bearing liabilities (g)** | 143518 | 143096 | 142913 | 144285 | 144771 |
| **Net interest margin (b) / (f)** | **Net interest margin (b) / (f)** | 3.12% | 3.12% | 3.11% | 3.02% | 2.95% |
| Net interest margin (FTE) (c) / (f) | Net interest margin (FTE) (c) / (f) | 3.13% | 3.13% | 3.12% | 3.03% | 2.97% |
| Net interest rate spread (FTE) (d) / (f) - (e) / (g) | Net interest rate spread (FTE) (d) / (f) - (e) / (g) | 2.45% | 2.41% | 2.40% | 2.33% | 2.21% |
| **Income before income taxes** | **Income before income taxes** | $912 | $837 | $808 | $653 | $764 |
| Add: Taxable equivalent adjustment | Add: Taxable equivalent adjustment | 4 | 5 | 5 | 5 | 6 |
| Income before income taxes (FTE) | Income before income taxes (FTE) | 916 | 842 | 813 | 658 | 770 |
| **Net income available to common shareholders** | **Net income available to common shareholders** | 699 | 608 | 591 | 478 | 582 |
| Add: Intangible amortization, net of tax | Add: Intangible amortization, net of tax | 5 | 5 | 5 | 6 | 7 |
| Tangible net income available to common shareholders (h) | Tangible net income available to common shareholders (h) | 704 | 613 | 596 | 484 | 589 |
| Tangible net income available to common shareholders (annualized) (i) | Tangible net income available to common shareholders (annualized) (i) | 2793 | 2432 | 2391 | 1963 | 2343 |
| **Average Bancorp shareholders**' **equity** | **Average Bancorp shareholders**' **equity** | 21527 | 21216 | 20670 | 20000 | 19893 |
| Less: | Average preferred stock | (1770) | (2112) | (2116) | (2116) | (2116) |
|  | Average goodwill | (4947) | (4937) | (4918) | (4918) | (4918) |
|  | Average intangible assets | (72) | (77) | (79) | (86) | (94) |
| Average tangible common equity, including AOCI (j) | Average tangible common equity, including AOCI (j) | 14738 | 14090 | 13557 | 12880 | 12765 |
| Less: | Average AOCI | 3137 | 3520 | 3935 | 4362 | 4292 |
| Average tangible common equity, excluding AOCI (k) | Average tangible common equity, excluding AOCI (k) | 17875 | 17610 | 17492 | 17242 | 17057 |
| **Total Bancorp shareholders**' **equity** | **Total Bancorp shareholders**' **equity** | 21724 | 21107 | 21124 | 20403 | 19645 |
| Less: | Preferred stock | (1770) | (1770) | (2116) | (2116) | (2116) |
|  | Goodwill | (4947) | (4947) | (4918) | (4918) | (4918) |
|  | Intangible assets | (69) | (76) | (75) | (82) | (90) |
| Tangible common equity, including AOCI (l) | Tangible common equity, including AOCI (l) | 14938 | 14314 | 14015 | 13287 | 12521 |
| Less: | AOCI | 3110 | 3276 | 3546 | 3895 | 4636 |
| Tangible common equity, excluding AOCI (m) | Tangible common equity, excluding AOCI (m) | 18048 | 17590 | 17561 | 17182 | 17157 |
| Add: | Preferred stock | 1770 | 1770 | 2116 | 2116 | 2116 |
| Tangible equity (n) | Tangible equity (n) | 19818 | 19360 | 19677 | 19298 | 19273 |
| **Total assets** | **Total assets** | 214376 | 212903 | 209991 | 212669 | 212927 |
| Less: | Goodwill | (4947) | (4947) | (4918) | (4918) | (4918) |
|  | Intangible assets | (69) | (76) | (75) | (82) | (90) |
| Tangible assets, including AOCI (o) | Tangible assets, including AOCI (o) | 209360 | 207880 | 204998 | 207669 | 207919 |
| Less: | AOCI, before tax | 4092 | 4311 | 4666 | 5125 | 5868 |
| Tangible assets, excluding AOCI (p) | Tangible assets, excluding AOCI (p) | $213452 | $212191 | $209664 | $212794 | $213787 |
| **Common shares outstanding (q)** | **Common shares outstanding (q)** | 661 | 661 | 668 | 667 | 670 |
| Tangible equity (n) / (p) | Tangible equity (n) / (p) | 9.28% | 9.12% | 9.39% | 9.07% | 9.02% |
| Tangible common equity (excluding AOCI) (m) / (p) | Tangible common equity (excluding AOCI) (m) / (p) | 8.46% | 8.29% | 8.38% | 8.07% | 8.03% |
| Tangible common equity (including AOCI) (l) / (o) | Tangible common equity (including AOCI) (l) / (o) | 7.14% | 6.89% | 6.84% | 6.40% | 6.02% |
| Tangible book value per share (including AOCI) (l) / (q) | Tangible book value per share (including AOCI) (l) / (q) | $22.60 | $21.66 | $20.98 | $19.92 | $18.69 |
| Tangible book value per share (excluding AOCI) (m) / (q) | Tangible book value per share (excluding AOCI) (m) / (q) | $27.30 | $26.61 | $26.29 | $25.76 | $25.61 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Fifth Third Bancorp and Subsidiaries** | | | |
| Non-GAAP Reconciliation |  |  |  |
| $ in millions | For the Three Months Ended | For the Three Months Ended | For the Three Months Ended |
| (unaudited) | December | September | December |
|  | 2025 | 2025 | 2024 |
| **Net income (r)** | $731 | $649 | $620 |
| **Net income (annualized) (s)** | 2900 | 2575 | 2467 |
| Adjustments (pre-tax items) |  |  |  |
| Interchange litigation matters | 11 | 27 | 55 |
| Non-qualified deferred compensation expense/(benefit) | (5) | 11 | (7) |
| Securities (gains)/losses | 5 | (10) | 8 |
| Litigation settlements | (12) |  |  |
| Merger-related expenses | 13 |  |  |
| FDIC special assessment | (25) | (6) | (11) |
| Fifth Third Foundation contribution | 50 |  | 15 |
| Adjustments, after-tax (t)<sup>(a)(b)</sup> | 31 | 16 | 47 |
| Adjustments (tax related items) |  |  |  |
| Benefit related to the resolution of certain tax matters | (7) |  | (15) |
| Adjustments (tax related items) (u) | (7) |  | (15) |
| **Noninterest income (v)** | 811 | 781 | 732 |
| Interchange litigation matters | 8 | 18 | 51 |
| Litigation settlements | (12) |  |  |
| Noninterest income excluding certain item(s) | 807 | 799 | 783 |
| Securities (gains)/losses | 5 | (10) | 8 |
| Adjusted noninterest income, excluding certain items and securities (gains)/losses (w) | 812 | 789 | 791 |
| **Noninterest expense (x)** | 1309 | 1267 | 1226 |
| Interchange litigation matters | (3) | (9) | (4) |
| Merger-related expenses | (13) |  |  |
| FDIC special assessment | 25 | 6 | 11 |
| Fifth Third Foundation contribution | (50) |  | (15) |
| Noninterest expense excluding certain item(s) | 1268 | 1264 | 1218 |
| Non-qualified deferred compensation (expense)/benefit | 5 | (11) | 7 |
| Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (y) | 1273 | 1253 | 1225 |
| Adjusted net income (r) + (t) + (u) | 755 | 665 | 652 |
| Adjusted net income (annualized) (z) | 2995 | 2638 | 2594 |
| Adjusted tangible net income available to common shareholders (h) + (t) + (u) | 728 | 629 | 621 |
| Adjusted tangible net income available to common shareholders (annualized) (aa) | 2888 | 2495 | 2470 |
| **Average assets (ab)** | $213021 | $211770 | $211709 |
| Return on average tangible common equity (i) / (j) | 19.0% | 17.3% | 18.4% |
| Return on average tangible common equity excluding AOCI (i) / (k) | 15.6% | 13.8% | 13.7% |
| Adjusted return on average tangible common equity, including AOCI (aa) / (j) | 19.6% | 17.7% | 19.3% |
| Adjusted return on average tangible common equity, excluding AOCI (aa) / (k) | 16.2% | 14.2% | 14.5% |
| **Return on average assets (s) / (ab)** | 1.36% | 1.21% | 1.17% |
| Adjusted return on average assets (z) / (ab) | 1.41% | 1.25% | 1.23% |
| Efficiency ratio (FTE) (x) / [(a) + (v)] | 55.8% | 54.9% | 56.4% |
| Adjusted efficiency ratio (y) / [(a) + (w)] | 54.3% | 54.1% | 54.8% |
| Total revenue (FTE) (a) + (v) | $2344 | $2306 | $2175 |
| Adjusted total revenue (FTE) (a) + (w) | $2345 | $2314 | $2234 |
| Pre-provision net revenue (PPNR) (a) + (v) - (x) | $1035 | $1039 | $949 |
| Adjusted pre-provision net revenue (PPNR) (a) + (w) - (y) | $1072 | $1061 | $1009 |
| *Totals may not foot due to rounding.* | *Totals may not foot due to rounding.* | *Totals may not foot due to rounding.* | *Totals may not foot due to rounding.* |
| *(a) Assumes a 23% tax rate in 2024 and a 24% tax rate in 2025.* | *(a) Assumes a 23% tax rate in 2024 and a 24% tax rate in 2025.* | *(a) Assumes a 23% tax rate in 2024 and a 24% tax rate in 2025.* | *(a) Assumes a 23% tax rate in 2024 and a 24% tax rate in 2025.* |
| *(b) A portion of the adjustments related to merger-related expenses are not tax-deductible.* | *(b) A portion of the adjustments related to merger-related expenses are not tax-deductible.* | *(b) A portion of the adjustments related to merger-related expenses are not tax-deductible.* | *(b) A portion of the adjustments related to merger-related expenses are not tax-deductible.* |

---

## Exhibit 99.2

**Exhibit 99.2**

**CONSOLIDATED BALANCE SHEETS**

*Comerica Incorporated and Subsidiaries*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **December 31,** | | **September 30,** | | **December 31,** |
| *(in millions, except share data)* | | **2025** | | **2025** | | **2024** |
|  |  | (unaudited) |  | (unaudited) |  |  |
| **ASSETS** |  |  |  |  |  |  |
| Cash and due from banks | $866 | 866 | $986 | 986 | $850 | 850 |
| Interest-bearing deposits with banks |  | 6631 |  | 4053 |  | 5954 |
| Other short-term investments |  | 325 |  | 325 |  | 375 |
| Investment securities available-for-sale |  | 14910 |  | 14816 |  | 15045 |
| Commercial loans |  | 26848 |  | 26755 |  | 26492 |
| Real estate construction loans |  | 2503 |  | 2849 |  | 3680 |
| Commercial mortgage loans |  | 15244 |  | 15190 |  | 14493 |
| Lease financing |  | 755 |  | 782 |  | 722 |
| International loans |  | 1153 |  | 1116 |  | 952 |
| Residential mortgage loans |  | 1950 |  | 1938 |  | 1929 |
| Consumer loans |  | 2300 |  | 2256 |  | 2271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans |  | 50753 |  | 50886 |  | 50539 |
| Allowance for loan losses |  | (695) |  | (686) |  | (690) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans |  | 50058 |  | 50200 |  | 49849 |
| Premises and equipment |  | 426 |  | 432 |  | 473 |
| Accrued income and other assets |  | 6858 |  | 6564 |  | 6751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $80074 | 80074 | $77376 | 77376 | $79297 | 79297 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |
| Noninterest-bearing deposits | $22934 | 22934 | $22581 | 22581 | $24425 | 24425 |
| Money market and interest-bearing checking deposits |  | 35875 |  | 33839 |  | 32714 |
| Savings deposits |  | 1974 |  | 2014 |  | 2138 |
| Customer certificates of deposit |  | 3972 |  | 3424 |  | 3450 |
| Other time deposits |  |  |  | 707 |  | 1052 |
| Foreign office time deposits |  | 117 |  | 31 |  | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits |  | 41938 |  | 40015 |  | 39386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits |  | 64872 |  | 62596 |  | 63811 |
| Accrued expenses and other liabilities |  | 2071 |  | 1929 |  | 2270 |
| Medium- and long-term debt |  | 5424 |  | 5422 |  | 6673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities |  | 72367 |  | 69947 |  | 72754 |
| Preferred stock - no par value: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Authorized - 10,000,000 shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Issued and outstanding - 400,000 shares at 12/31/25 and 9/30/25, 4,000 shares at 12/31/24 |  | 392 |  | 392 |  | 394 |
| Common stock - $5 par value: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Authorized - 325,000,000 shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Issued - 228,164,824 shares |  | 1141 |  | 1141 |  | 1141 |
| Capital surplus |  | 2198 |  | 2197 |  | 2218 |
| Accumulated other comprehensive loss |  | (2079) |  | (2261) |  | (3161) |
| Retained earnings |  | 12338 |  | 12268 |  | 12017 |
| Less cost of common stock in treasury - 100,184,086 shares at 12/31/25, 100,575,744 shares at 9/30/25, 96,755,368 shares at |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;12/31/24 |  | (6283) |  | (6308) |  | (6066) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity |  | 7707 |  | 7429 |  | 6543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $80074 | 80074 | $77376 | 77376 | $79297 | 79297 |

---

------

**CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME**

*Comerica Incorporated and Subsidiaries*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;**Three Months Ended** | &nbsp;&nbsp;**Three Months Ended** | **Years Ended** | |
| | &nbsp;&nbsp;**December 31,** | &nbsp;&nbsp;**December 31,** | **December 31,** | **December 31,** |
|<br>*(in millions, except per share data)* | **2025** | **2024** | **2025** | **2024** |
|  | (unaudited) | (unaudited) | (unaudited) |  |
| **INTEREST INCOME** |  |  |  |  |
| Interest and fees on loans | $763 | $795 | $3072 | $3204 |
| Interest on investment securities | 105 | 100 | 426 | 402 |
| Interest on short-term investments | 64 | 72 | 235 | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 932 | 967 | 3733 | 3939 |
| **INTEREST EXPENSE** |  |  |  |  |
| Interest on deposits | 279 | 286 | 1067 | 1238 |
| Interest on short-term borrowings |  | 1 | 28 | 48 |
| Interest on medium- and long-term debt | 76 | 105 | 337 | 463 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 355 | 392 | 1432 | 1749 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 577 | 575 | 2301 | 2190 |
| Provision for credit losses | 14 | 21 | 100 | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision for credit losses | 563 | 554 | 2201 | 2141 |
| **NONINTEREST INCOME** |  |  |  |  |
| Card fees | 61 | 62 | 236 | 256 |
| Fiduciary income | 55 | 54 | 215 | 220 |
| Service charges on deposit accounts | 48 | 47 | 188 | 184 |
| Capital markets income | 36 | 36 | 146 | 142 |
| Commercial lending fees | 16 | 18 | 66 | 68 |
| Brokerage fees | 15 | 14 | 57 | 51 |
| Letter of credit fees | 12 | 10 | 43 | 40 |
| Bank-owned life insurance | 11 | 11 | 42 | 44 |
| Risk management hedging income | 1 | 9 | 17 | 8 |
| Net losses on debt securities |  | (19) |  | (19) |
| Other noninterest income | 18 | 8 | 55 | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 273 | 250 | 1065 | 1054 |
| **NONINTEREST EXPENSES** |  |  |  |  |
| Salaries and benefits expense | 365 | 346 | 1444 | 1352 |
| Outside processing fee expense | 68 | 68 | 268 | 273 |
| Software expense | 51 | 46 | 197 | 181 |
| Occupancy expense | 49 | 47 | 189 | 181 |
| Merger-related expense | 32 |  | 32 |  |
| Equipment expense | 13 | 14 | 52 | 52 |
| Advertising expense | 12 | 11 | 41 | 41 |
| FDIC insurance expense | 1 | 10 | 36 | 76 |
| Other noninterest expenses | 26 | 45 | 92 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | 617 | 587 | 2351 | 2307 |
| Income before income taxes | 219 | 217 | 915 | 888 |
| Provision for income taxes | 43 | 47 | 192 | 190 |
| **NET INCOME** | 176 | 170 | 723 | 698 |
| Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income allocated to participating securities | 1 | 1 | 4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock dividends and other | 11 | 6 | 28 | 23 |
| **Net income attributable to common shares** | $164 | $163 | $691 | $671 |
| Earnings per common share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.28 | $1.23 | $5.33 | $5.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 1.27 | 1.22 | 5.28 | 5.02 |
| Comprehensive income (loss) | 358 | (636) | 1805 | 585 |
| Cash dividends declared on common stock | 90 | 93 | 367 | 376 |
| Cash dividends declared per common share | 0.71 | 0.71 | 2.84 | 2.84 |

---

------

**CONSOLIDATED QUARTERLY STATEMENTS OF COMPREHENSIVE INCOME (unaudited)**

*Comerica Incorporated and Subsidiaries*

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Fourth** | **Third** | **Second** | **First** | **Fourth** | **Fourth Quarter 2025 Compared to:** | **Fourth Quarter 2025 Compared to:** | **Fourth Quarter 2025 Compared to:** | |
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Third Quarter 2025** | **Third Quarter 2025** | **Fourth Quarter 2024** | **Fourth Quarter 2024** |
| *(in millions, except per share data)* | **2025** | **2025** | **2025** | **2025** | **2024** | **Amount** | **Percent** | **Amount** | **Percent** |
| **INTEREST INCOME** |  |  |  |  |  |  |  |  |  |
| Interest and fees on loans | $763 | $779 | $771 | $759 | $795 | $(16) | (2)% | $(32) | (4)% |
| Interest on investment securities | 105 | 105 | 107 | 109 | 100 |  |  | 5 | 5 |
| Interest on short-term investments | 64 | 62 | 53 | 56 | 72 | 2 | 2 | (8) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 932 | 946 | 931 | 924 | 967 | (14) | (1) | (35) | (4) |
| **INTEREST EXPENSE** |  |  |  |  |  |  |  |  |  |
| Interest on deposits | 279 | 280 | 256 | 252 | 286 | (1) |  | (7) | (2) |
| Interest on short-term borrowings |  | 11 | 15 | 2 | 1 | (11) | (100) | (1) | (96) |
| Interest on medium- and long-term debt | 76 | 81 | 85 | 95 | 105 | (5) | (8) | (29) | (28) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 355 | 372 | 356 | 349 | 392 | (17) | (5) | (37) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 577 | 574 | 575 | 575 | 575 | 3 | 1 | 2 |  |
| Provision for credit losses | 14 | 22 | 44 | 20 | 21 | (8) | (34) | (7) | (32) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision | 563 | 552 | 531 | 555 | 554 | 11 | 2 | 9 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for credit losses | 563 | 552 | 531 | 555 | 554 | 11 | 2 | 9 | 2 |
| **NONINTEREST INCOME** |  |  |  |  |  |  |  |  |  |
| Card fees | 61 | 57 | 59 | 59 | 62 | 4 | 7 | (1) | (1) |
| Fiduciary income | 55 | 51 | 57 | 52 | 54 | 4 | 6 | 1 | 2 |
| Service charges on deposit accounts | 48 | 47 | 47 | 46 | 47 | 1 |  | 1 | 1 |
| Capital markets income | 36 | 37 | 42 | 31 | 36 | (1) | (2) |  |  |
| Commercial lending fees | 16 | 17 | 17 | 16 | 18 | (1) | (1) | (2) | (4) |
| Brokerage fees | 15 | 14 | 14 | 14 | 14 | 1 | 5 | 1 | 7 |
| Letter of credit fees | 12 | 10 | 10 | 11 | 10 | 2 | 3 | 2 | 6 |
| Bank-owned life insurance | 11 | 13 | 9 | 9 | 11 | (2) | (15) |  |  |
| Risk management hedging income | 1 | 4 | 5 | 7 | 9 | (3) | (47) | (8) | (79) |
| Net losses on debt securities |  |  |  |  | (19) |  |  | 19 | n/m |
| Other noninterest income | 18 | 14 | 14 | 9 | 8 | 4 | 22 | 10 | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 273 | 264 | 274 | 254 | 250 | 9 | 3 | 23 | 9 |
| **NONINTEREST EXPENSES** |  |  |  |  |  |  |  |  |  |
| Salaries and benefits expense | 365 | 353 | 358 | 368 | 346 | 12 | 3 | 19 | 5 |
| Outside processing fee expense | 68 | 69 | 67 | 64 | 68 | (1) | (2) |  |  |
| Software expense | 51 | 50 | 48 | 48 | 46 | 1 | 2 | 5 | 10 |
| Occupancy expense | 49 | 48 | 46 | 46 | 47 | 1 |  | 2 | 3 |
| Merger-related expense | 32 |  |  |  |  | 32 | n/m | 32 | n/m |
| Equipment expense | 13 | 13 | 13 | 13 | 14 |  |  | (1) | (7) |
| Advertising expense | 12 | 10 | 11 | 8 | 11 | 2 | 6 | 1 | 5 |
| FDIC insurance expense | 1 | 10 | 11 | 14 | 10 | (9) | (91) | (9) | (92) |
| Other noninterest expenses | 26 | 36 | 7 | 23 | 45 | (10) | (27) | (19) | (41) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | 617 | 589 | 561 | 584 | 587 | 28 | 4 | 30 | 5 |
| Income before income taxes | 219 | 227 | 244 | 225 | 217 | (8) | (4) | 2 | 1 |
| Provision for income taxes | 43 | 51 | 45 | 53 | 47 | (8) | (16) | (4) | (9) |
| **NET INCOME** | 176 | 176 | 199 | 172 | 170 |  |  | 6 | 4 |
| Less: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income allocated to participating securities | 1 | 1 | 1 | 1 | 1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock dividends and other | 11 |  | 11 | 6 | 6 | 11 | n/m | 5 | 90 |
| **Net income attributable to common shares** | $164 | $175 | $187 | $165 | $163 | $(11) | (6)% | $1 | 1% |
| Earnings per common share: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.28 | $1.36 | $1.43 | $1.26 | $1.23 | $(0.08) | (6)% | $0.05 | 4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 1.27 | 1.35 | 1.42 | 1.25 | 1.22 | (0.08) | (6) | 0.05 | 4 |
| Comprehensive income (loss) | 358 | 414 | 395 | 638 | (636) | (56) | (13) | 994 | n/m |
| Cash dividends declared on common stock | 90 | 91 | 93 | 93 | 93 | (1) |  | (3) | (2) |
| Cash dividends declared per common share | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 |  |  |  |  |

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*n/m - not meaningful*

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**RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES AND REGULATORY RATIOS (unaudited)**

*Comerica Incorporated and Subsidiaries*

Comerica believes non-GAAP measures are meaningful because they reflect adjustments commonly made by management, investors, regulators and analysts to evaluate the adequacy of common equity and performance trends, and that net income and diluted earnings per common share, adjusted to exclude merger-related expenses, provide a greater understanding of ongoing operations and financial results.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fourth** | **Third** | &nbsp;&nbsp;**Fourth** | **Years Ended** | |
| | **Quarter** | **Quarter** | &nbsp;&nbsp;**Quarter** | **December 31,** | |
| *(dollar amounts in millions, except per share data)* | **2025** | **2025** | **2024** |  |  |
| *(dollar amounts in millions, except per share data)* | **2025** | **2025** | **2024** | **2025** | **2024** |
| **Net Income, Excluding Merger-Related Expense:** |  |  |  |  |  |
| Net income | $176 | $176 | $170 | $723 | $698 |
| &nbsp;&nbsp;&nbsp;Merger-related expense (a) | 32 |  |  | 32 |  |
| &nbsp;&nbsp;&nbsp;Income tax impact of merger-related expense | (7) |  |  | (7) |  |
| Net income, excluding merger-related expense | $201 | $176 | $170 | $748 | $698 |
| **Earnings per Common Share, Excluding Merger-Related Expense:** |  |  |  |  |  |
| Net income attributable to common shareholders | $164 | $175 | $163 | $691 | $671 |
| &nbsp;&nbsp;&nbsp;Merger-related expense (a) | 32 |  |  | 32 |  |
| &nbsp;&nbsp;&nbsp;Income tax impact of merger-related expense | (7) |  |  | (7) |  |
| Net income attributable to common shareholders, excluding merger-related expense | $189 | $175 | $163 | $716 | $671 |
| Diluted average common shares (in millions) | 130 | 130 | 133 | 131 | 134 |
| Diluted earnings per common share: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Reported | $1.27 | $1.35 | $1.22 | $5.28 | $5.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;Excluding merger-related expense | 1.46 | 1.35 | 1.22 | 5.47 | 5.02 |

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*(a)Expenses related to the pending merger with Fifth Third Bancorp, which was announced on October 6, 2025. On January 6, 2026, shareholders of Comerica and Fifth Third Bancorp voted separately to approve the proposed merger of the two companies. The transaction is expected to close in the first quarter of 2026, subject to satisfaction of the remaining customary closing conditions.*

Common equity tier 1 capital ratio removes preferred stock from the Tier 1 capital ratio as defined by and calculated in conformity with bank regulations. Tangible common equity is used by Comerica to measure the quality of capital and the return relative to balance sheet risk. The tangible common equity ratio removes the effect of intangible assets from capital and total assets. Tangible common equity per share of common stock removes the effect of intangible assets from common shareholders' equity per share of common stock.

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| | | | |
|:---|:---|:---|:---|
| | **December 31,** | **September 30,** | **December 31,** |
| *(in millions, except share data)* | **2025** | **2025** | **2024** |
| **Common Equity Tier 1 Capital (a):** |  |  |  |
| Tier 1 capital | $9146 | $9049 | $9061 |
| Less: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed-rate reset non-cumulative perpetual preferred stock | 392 | 392 | 394 |
| Common equity tier 1 capital | $8754 | $8657 | $8667 |
| Risk-weighted assets | $72841 | $72714 | $72903 |
| Tier 1 capital ratio | 12.56% | 12.44% | 12.43% |
| Common equity tier 1 capital ratio | 12.02 | 11.91 | 11.89 |
| **Tangible Common Equity:** |  |  |  |
| Total shareholders' equity | $7707 | $7429 | $6543 |
| Less: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed-rate reset non-cumulative perpetual preferred stock | 392 | 392 | 394 |
| Common shareholders' equity | $7315 | $7037 | $6149 |
| Less: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 635 | 635 | 635 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangible assets | 4 | 5 | 6 |
| Tangible common equity | $6676 | $6397 | $5508 |
| Total assets | $80074 | $77376 | $79297 |
| Less: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 635 | 635 | 635 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangible assets | 4 | 5 | 6 |
| Tangible assets | $79435 | $76736 | $78656 |
| Common equity ratio | 9.14% | 9.09% | 7.75% |
| Tangible common equity ratio | 8.40 | 8.34 | 7.00 |
| **Tangible Common Equity per Share of Common Stock:** |  |  |  |
| Common shareholders' equity | $7315 | $7037 | $6149 |
| Tangible common equity | 6676 | 6397 | 5508 |
| Shares of common stock outstanding (in millions) | 128 | 128 | 131 |
| Common shareholders' equity per share of common stock | $57.16 | $55.15 | $46.79 |
| Tangible common equity per share of common stock | 52.16 | 50.14 | 41.91 |

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*(a)&nbsp;&nbsp;&nbsp;&nbsp;December 31, 2025 ratios are estimated.*

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