FIFTH THIRD BANCORP Earnings Summary — Q2 FY2026

• Fifth Third officially became a Category III institution after surpassing $300 billion in total assets this quarter.
• The Comerica integration remains on track with systems conversion scheduled for Labor Day weekend to unlock remaining cost synergies.
• Net Interest Income (NII) surged 48% year-over-year to $2.22 billion, driven by the full-quarter contribution of Comerica and NIM expansion of 6 bps sequentially.
• Credit quality remains a standout with net charge-offs at 0.30%, the lowest level since Q2 2023.
• Adjusted EPS of $1.02 (excluding $0.19 in merger and repositioning charges) demonstrates realized earnings power of the combined entity.
• Consumer deposit momentum was strong, delivering $2.5 billion from the Comerica Southwest campaign and $2.1 billion from Newline.
• Wealth management and commercial payments businesses both achieved fee revenue run rates supporting $1 billion annual targets.

Management expects the final systems conversion over Labor Day weekend to be the 'final step' to unlocking the full run-rate of expected cost synergies. Full-year net cost savings are targeted at $360 million, reaching an $850 million annual run rate by the fourth quarter of 2026.

Improving

The transition from the initial merger closing (Q1) to a full quarter of consolidated operations (Q2) shows accelerating revenue synergies, expanding margins, and superior credit performance compared to the prior quarter's integration drag.

The company is positioned for net interest margin expansion and tangible book value growth through fixed-rate asset repricing and disciplined liability management. Management is focused on Southeast market expansion and Texas de novo branch openings.