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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
Fifth Third Bancorp
(Exact name of registrant as specified in its charter)
Ohio   001-33653   31-0854434
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
Fifth Third Center
38 Fountain Square Plaza , Cincinnati , Ohio 45263
(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)

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

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

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

    ☐    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:
Title of each class   Trading
Symbol(s)
  Name of each exchange
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    ☐            

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    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    Financial Statements and Exhibits

Exhibit 23.1 – Consent of Ernst & Young LLP (with respect to Comerica Incorporated)

Exhibit 99.1 – Certain financial information contained in Fifth Third Bancorp’s press release dated January 20, 2026

Exhibit 99.2 – 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
Chief Financial Officer


EX-23.1 2 eyconsent_231debtissuance.htm EX-23.1 Document

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



EX-99.1 3 q42025earningsrelease_991d.htm EX-99.1 Document

Exhibit 99.1
Key Financial Data
$ in millions for all balance sheet and income statement items
4Q25
3Q25
4Q24
Income Statement Data
Net income available to common shareholders $699 $608 $582
Net interest income (U.S. GAAP) 1,529 1,520 1,437
Net interest income (FTE)(a)
1,533 1,525 1,443
Noninterest income 811 781 732
Noninterest expense 1,309 1,267 1,226
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(a)
22.60 21.66 18.69
Balance Sheet & Credit Quality
Average portfolio loans and leases $123,430 $123,326 $117,860
Average deposits 168,384 164,754 167,237
Accumulated other comprehensive loss (3,110) (3,276) (4,636)
Net charge-off ratio(b)
0.40 % 1.09 % 0.46 %
Nonperforming asset ratio(c)
0.65 0.65 0.71
Financial Ratios
Return on average assets 1.36 % 1.21 % 1.17 %
Return on average common equity 14.0 12.6 13.0
Return on average tangible common equity(a)
19.0 17.3 18.4
CET1 capital(d)(e)
10.77 10.57 10.57
Net interest margin(a)
3.13 3.13 2.97
Efficiency(a)
55.8 54.9 56.4
Other than the Quarterly Financial Review tables, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.
Income Statement Highlights
($ in millions, except per share data) For the Three Months Ended % Change
December September December
2025 2025 2024 Seq Yr/Yr
Condensed Statements of Income
Net interest income (NII)(a)
$1,533 $1,525 $1,443 1% 6%
Provision for credit losses 119 197 179 (40)% (34)%
Noninterest income 811 781 732 4% 11%
Noninterest expense 1,309 1,267 1,226 3% 7%
Income before income taxes(a)
$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®: 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.
1



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

2


Net Interest Income
(FTE; $ in millions)(a)
For the Three Months Ended % Change
December September December
2025 2025 2024 Seq Yr/Yr
Interest Income
Interest income $2,472   $2,524   $2,534   (2)% (2)%
Interest expense 939 999 1,091 (6)% (14)%
Net interest income (NII) $1,533   $1,525   $1,443   1% 6%
Average Yield/Rate Analysis 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.

3


Noninterest Income
($ in millions) For the Three Months Ended % 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 $79 million, or 11%, from the year-ago quarter. The reported results reflect the impact of certain items in the table below, including securities gains/losses which incorporate mark-to-market impacts from securities associated with non-qualified deferred compensation plans that are offset in noninterest expense.
Noninterest Income excluding certain items
($ in millions) For the Three Months Ended % Change
December September December
2025 2025 2024 Seq Yr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP) $811   $781   $732  
Interchange litigation matters 8 18 51
Litigation settlements (12)
Securities (gains) losses, net 5 (10) 8
Noninterest income excluding certain items(a)
$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.





4


Noninterest Expense
($ in millions) For the Three Months Ended % 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 $1,309 $1,267 $1,226 3% 7%
Noninterest expense of $1.309 billion increased 3% from the prior quarter and increased 7% from the year-ago quarter. The reported results reflect the impact of certain items in the table below.
Noninterest Expense excluding certain item(s)
($ in millions) For the Three Months Ended % Change
December September December
2025 2025 2024 Seq Yr/Yr
Noninterest Expense excluding certain item(s)
Noninterest expense (U.S. GAAP) $1,309   $1,267   $1,226  
Fifth Third Foundation contribution (50) (15)
Merger-related expenses (13)
FDIC special assessment 25 6 11
Interchange litigation matters (3) (9) (4)
Noninterest expense excluding certain item(s)(a)
$1,268   $1,264   $1,218 4%
Non-qualified deferred compensation (expense)/benefit 5 (11) 7
Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a)
$1,273 $1,253 $1,225 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.
5


Average Interest-Earning Assets
($ in millions) For the Three Months Ended % Change
December September December
2025 2025 2024 Seq Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans $53,947   $54,170   $51,567   5%
Commercial mortgage loans 12,079 12,027 11,792 2%
Commercial construction loans 5,399 5,541 5,702 (3)% (5)%
Commercial leases 3,172 3,177 2,902 9%
Total commercial loans and leases $74,597 $74,915 $71,963 4%
Consumer loans:
Residential mortgage loans $17,660 $17,656 $17,322 2%
Home equity 4,769 4,579 4,125 4% 16%
Indirect secured consumer loans 17,879 17,729 16,100 1% 11%
Credit card 1,694 1,678 1,668 1% 2%
Solar energy installation loans 4,486 4,355 4,137 3% 8%
Other consumer loans 2,345 2,414 2,545 (3)% (8)%
Total consumer loans $48,833 $48,411 $45,897 1% 6%
Total average portfolio loans and leases $123,430   $123,326   $117,860   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 $124,147 $123,993 $118,492 5%
Securities (taxable and tax-exempt) $52,512 $54,592 $56,702 (4)% (7)%
Other short-term investments 17,485 14,915 18,319 17% (5)%
Total average interest-earning assets $194,144 $193,500 $193,513
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.
6


End of Period Interest-Earning Assets
($ in millions) As of % Change
December September December
2025 2025 2024 Seq Yr/Yr
End of Period Portfolio Loans and Leases
Total commercial loans and leases $73,562 $74,423 $73,293 (1)%
Total consumer loans 49,089 48,707 46,498 1% 6%
Total portfolio loans and leases $122,651 $123,130 $119,791   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 $123,384 $123,706 $120,431 2%
Securities (taxable and tax-exempt) $51,961 $52,680 $56,713 (1)% (8)%
Other short-term investments 18,876 17,215 17,120 10% 10%
Total interest-earning assets $194,221 $193,601 $194,264
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 $19 billion increased 10% compared to the prior and year-ago quarters.
Average Deposits
($ in millions) For the Three Months Ended % Change
December September December
2025 2025 2024 Seq Yr/Yr
Average Deposits
Demand $41,771   $41,235   $40,137   1% 4%
Interest checking 58,612 56,624 59,441 4% (1)%
Savings 16,103 16,376 17,257 (2)% (7)%
Money market 39,409 37,434 37,279 5% 6%
Total transaction deposits $155,895 $151,669 $154,114 3% 1%
CDs $250,000 or less 10,541 10,841 10,592 (3)%
Total core deposits $166,436 $162,510 $164,706 2% 1%
CDs over $250,0001
1,948 2,244 2,531 (13)% (23)%
Total average deposits $168,384   $164,754   $167,237   2% 1%
1CDs 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.
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%.
7


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.

Average Wholesale Funding
($ in millions) For the Three Months Ended % Change
December September December
2025 2025 2024 Seq Yr/Yr
Average Wholesale Funding
CDs over $250,0001
$1,948   $2,244   $2,531   (13)% (23)%
Federal funds purchased 204 198 223 3% (9)%
Securities sold under repurchase agreements 365 376 313 (3)% 17%
FHLB advances 2,552 4,920 1,567 (48)% 63%
Derivative collateral and other secured borrowings 84 82 76 2% 11%
Long-term debt 13,700 14,001 15,492 (2)% (12)%
Total average wholesale funding $18,853 $21,821 $20,202 (14)% (7)%
1CDs 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.
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.
8


Credit Quality Summary
($ in millions) 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(g)
0.62 % 0.62 % 0.70 % 0.79 % 0.69 %
NPA ratio(c)
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 $2,265   $2,412   $2,384   $2,352   $2,305  
Total net losses charged-off (125) (339) (139) (136) (136)
Provision for loan and lease losses 113 192 167 168 183
ALLL, ending $2,253 $2,265 $2,412 $2,384 $2,352
Reserve for unfunded commitments, beginning $151 $146 $140 $134 $138
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) $2,410   $2,416   $2,558   $2,524   $2,486  
ACL ratios:
As a % of portfolio loans and leases 1.96 %   1.96 %   2.09 %   2.07 %   2.08 %  
As a % of nonperforming portfolio loans and leases 314 %   314 %   300 %   261 %   302 %  
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)(b)
0.40 % 1.09 % 0.45 % 0.46 % 0.46 %
Commercial NCO ratio 0.27 % 1.46 % 0.38 % 0.35 % 0.32 %
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 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.
9


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.

Capital Position
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(a)
9.28 % 9.12 % 9.39 % 9.07 % 9.02 %
Tangible common equity (excluding AOCI)(a)
8.46 % 8.29 % 8.38 % 8.07 % 8.03 %
Tangible common equity (including AOCI)(a)
7.14 % 6.89 % 6.84 % 6.40 % 6.02 %
Regulatory Capital Ratios(d)(e)
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 %
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.

10


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.



11



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”).

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) problems encountered by other financial institutions; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements, including the use of artificial intelligence; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments; and (46) risks relating to the pending merger with Comerica Incorporated, including Fifth Third’s inability to realize the anticipated benefits of the pending merger, the failure to satisfy the closing conditions of the pending merger or an unexpected delay in the closing of the pending merger and the disruption of Fifth Third’s business as a result of the pending merger.

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.
# # #


12


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions For the Three Months Ended % Change 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 $1,862 $1,909 $1,836 (2%) 1% $7,466 $7,477
Interest on securities 431 444 464 (3%) (7%) 1,785 1,839 (3%)
Interest on other short-term investments 175 166 228 5% (23%) 652 1,110 (41%)
Total interest income 2,468 2,519 2,528 (2%) (2%) 9,903 10,426 (5%)
Interest Expense
Interest on deposits 726 750 856 (3%) (15%) 2,952 3,736 (21%)
Interest on short-term borrowings(a)
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 1,091 (6%) (14%) 3,921 4,796 (18%)
Net Interest Income 1,529 1,520 1,437 1% 6% 5,982 5,630 6%
Provision for credit losses 119 197 179 (40%) (34%) 662 530 25%
Net Interest Income After Provision for Credit Losses 1,410 1,323 1,258 7% 12% 5,320 5,100 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% 3,035 2,849 7%
Noninterest Expense
Compensation and benefits 683 685 665 3% 2,815 2,763 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 1,309 1,267 1,226 3% 7% 5,144 5,033 2%
Income Before Income Taxes 912 837 764 9% 19% 3,211 2,916 10%
Applicable income tax expense 181 188 144 (4%) 26% 689 602 14%
Net Income 731 649 620 13% 18% 2,522 2,314 9%
Dividends on preferred stock 32 41 38 (22%) (16%) 146 159 (8%)
Net Income Available to Common Shareholders $699 $608 $582 15% 20% $2,376 $2,155 10%
(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.
13


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions 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 $1,862 $1,909 $1,881 $1,816 $1,836
Interest on securities 431 444 458 451 464
Interest on other short-term investments 175 166 145 165 228
Total interest income 2,468 2,519 2,484 2,432 2,528
Interest Expense
Interest on deposits 726 750 732 743 856
Interest on short-term borrowings(a)
34 61 61 58 25
Interest on long-term debt 179 188 196 194 210
Total interest expense 939 999 989 995 1,091
Net Interest Income 1,529 1,520 1,495 1,437 1,437
Provision for credit losses 119 197 173 174 179
Net Interest Income After Provision for Credit Losses 1,410 1,323 1,322 1,263 1,258
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 1,309 1,267 1,264 1,304 1,226
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
(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.
14


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data As of % Change
(unaudited) December September December
2025 2025 2024 Seq Yr/Yr
Assets
Cash and due from banks $3,499 $2,901 $3,014 21% 16%
Other short-term investments 18,876 17,215 17,120 10% 10%
Available-for-sale debt and other securities(a)
36,159 36,461 39,547 (1%) (9%)
Held-to-maturity securities(b)
11,368 11,498 11,278 (1%) 1%
Trading debt securities 1,057 1,266 1,185 (17%) (11%)
Equity securities 453 287 341 58% 33%
Loans and leases held for sale 733 576 640 27% 15%
Portfolio loans and leases:
  Commercial and industrial loans 52,749 53,947 52,271 (2%) 1%
  Commercial mortgage loans 12,228 11,932 12,246 2%
  Commercial construction loans 5,316 5,326 5,588 (5%)
  Commercial leases 3,269 3,218 3,188 2% 3%
Total commercial loans and leases 73,562 74,423 73,293 (1%)
  Residential mortgage loans 17,652 17,644 17,543 1%
  Home equity 4,846 4,678 4,188 4% 16%
  Indirect secured consumer loans 17,964 17,885 16,313 10%
  Credit card 1,747 1,692 1,734 3% 1%
  Solar energy installation loans 4,560 4,432 4,202 3% 9%
  Other consumer loans 2,320 2,376 2,518 (2%) (8%)
Total consumer loans 49,089 48,707 46,498 1% 6%
Portfolio loans and leases 122,651 123,130 119,791 2%
Allowance for loan and lease losses (2,253) (2,265) (2,352) (1%) (4%)
Portfolio loans and leases, net 120,398 120,865 117,439 3%
Bank premises and equipment 2,734 2,655 2,475 3% 10%
Operating lease equipment 374 379 319 (1%) 17%
Goodwill 4,947 4,947 4,918 1%
Intangible assets 69 76 90 (9%) (23%)
Servicing rights 1,598 1,601 1,704 (6%)
Other assets 12,111 12,176 12,857 (1%) (6%)
Total Assets $214,376 $212,903 $212,927 1% 1%
Liabilities
Deposits:
  Demand $42,647 $41,830 $41,038 2% 4%
  Interest checking 61,155 57,239 59,306 7% 3%
  Savings 16,155 16,110 17,147 (6%)
  Money market 39,285 38,748 36,605 1% 7%
  CDs $250,000 or less 10,599 10,667 10,798 (1%) (2%)
  CDs over $250,000 1,978 1,975 2,358 (16%)
Total deposits 171,819 166,569 167,252 3% 3%
Short-term borrowings(d)
926 5,260 4,654 (82%) (80%)
Accrued taxes, interest and expenses 2,083 1,943 2,137 7% (3%)
Other liabilities 4,235 4,347 4,902 (3%) (14%)
Long-term debt 13,589 13,677 14,337 (1%) (5%)
Total Liabilities 192,652 191,796 193,282
Equity
Common stock(c)
2,051 2,051 2,051
Preferred stock 1,770 1,770 2,116 (16%)
Capital surplus 3,831 3,813 3,804 1%
Retained earnings 25,488 25,057 24,150 2% 6%
Accumulated other comprehensive loss (3,110) (3,276) (4,636) (5%) (33%)
Treasury stock (8,306) (8,308) (7,840) 6%
Total Equity 21,724 21,107 19,645 3% 11%
Total Liabilities and Equity $214,376 $212,903 $212,927 1% 1%
(a) Amortized cost $39,107 $39,617 $43,878 (1%) (11%)
(b) Market values 11,404  11,506  10,965  (1 %) 4 %
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized 2,000,000 2,000,000 2,000,000
Outstanding, excluding treasury 661,198 660,973 669,854
Treasury 262,695 262,919 254,039
(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
        current period presentation.

15


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data As of
(unaudited) December September June March December
2025 2025 2025 2025 2024
Assets
Cash and due from banks $3,499 $2,901 $2,972 $3,009 $3,014
Other short-term investments 18,876 17,215 13,043 14,965 17,120
Available-for-sale debt and other securities(a)
36,159 36,461 38,270 39,747 39,547
Held-to-maturity securities(b)
11,368 11,498 11,630 11,185 11,278
Trading debt securities 1,057 1,266 1,324 1,159 1,185
Equity securities 453 287 404 494 341
Loans and leases held for sale 733 576 646 473 640
Portfolio loans and leases:
  Commercial and industrial loans 52,749 53,947 53,312 53,700 52,271
  Commercial mortgage loans 12,228 11,932 12,112 12,357 12,246
  Commercial construction loans 5,316 5,326 5,551 5,952 5,588
  Commercial leases 3,269 3,218 3,177 3,128 3,188
Total commercial loans and leases 73,562 74,423 74,152 75,137 73,293
  Residential mortgage loans 17,652 17,644 17,681 17,581 17,543
  Home equity 4,846 4,678 4,485 4,265 4,188
  Indirect secured consumer loans 17,964 17,885 17,591 16,804 16,313
  Credit card 1,747 1,692 1,707 1,660 1,734
  Solar energy installation loans 4,560 4,432 4,316 4,262 4,202
  Other consumer loans 2,320 2,376 2,464 2,482 2,518
Total consumer loans 49,089 48,707 48,244 47,054 46,498
Portfolio loans and leases 122,651 123,130 122,396 122,191 119,791
Allowance for loan and lease losses (2,253) (2,265) (2,412) (2,384) (2,352)
Portfolio loans and leases, net 120,398 120,865 119,984 119,807 117,439
Bank premises and equipment 2,734 2,655 2,560 2,506 2,475
Operating lease equipment 374 379 344 314 319
Goodwill 4,947 4,947 4,918 4,918 4,918
Intangible assets 69 76 75 82 90
Servicing rights 1,598 1,601 1,629 1,663 1,704
Other assets 12,111 12,176 12,192 12,347 12,857
Total Assets $214,376 $212,903 $209,991 $212,669 $212,927
Liabilities
Deposits:
  Demand $42,647 $41,830 $42,174 $40,855 $41,038
  Interest checking 61,155 57,239 55,524 58,420 59,306
  Savings 16,155 16,110 16,614 17,583 17,147
  Money market 39,285 38,748 36,586 36,505 36,605
CDs $250,000 or less 10,599 10,667 10,883 10,248 10,798
CDs over $250,000 1,978 1,975 2,426 1,894 2,358
Total deposits 171,819 166,569 164,207 165,505 167,252
Short-term borrowings(d)
926 5,260 3,571 5,684 4,654
Accrued taxes, interest and expenses 2,083 1,943 1,970 1,722 2,137
Other liabilities 4,235 4,347 4,627 4,816 4,902
Long-term debt 13,589 13,677 14,492 14,539 14,337
Total Liabilities 192,652 191,796 188,867 192,266 193,282
Equity
Common stock(c)
2,051 2,051 2,051 2,051 2,051
Preferred stock 1,770 1,770 2,116 2,116 2,116
Capital surplus 3,831 3,813 3,794 3,773 3,804
Retained earnings 25,488 25,057 24,718 24,377 24,150
Accumulated other comprehensive loss (3,110) (3,276) (3,546) (3,895) (4,636)
Treasury stock (8,306) (8,308) (8,009) (8,019) (7,840)
Total Equity 21,724 21,107 21,124 20,403 19,645
Total Liabilities and Equity $214,376 $212,903 $209,991 $212,669 $212,927
(a) Amortized cost $39,107 $39,617 $41,731 $43,445 $43,878
(b) Market values 11,404 11,506 11,547 11,072 10,965
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
Outstanding, excluding treasury 661,198 660,973 667,710 667,272 669,854
Treasury 262,695 262,919 256,183 256,621 254,039
(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
        current period presentation.
16


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Changes in Equity
$ in millions
(unaudited)
For the Three Months Ended Year to Date
December December December December
2025 2024 2025 2024
Total Equity, Beginning $21,107 $20,784 $19,645 $19,172
Net income 731 620 2,522 2,314
Other comprehensive income, net of tax:
Change in unrealized gains (losses):
Available-for-sale debt securities 159 (747) 1,049 29
Qualifying cash flow hedges (18) (468) 379 (282)
Amortization of unrealized losses on securities transferred to held-to-maturity 25 25 97 101
Change in accumulated other comprehensive income related to employee benefit plans 1 1
Other 2
Comprehensive income 897 (570) 4,048 2,165
Cash dividends declared:
Common stock (268) (252) (1,038) (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 $21,724 $19,645 $21,724 $19,645
17


Fifth Third Bancorp and Subsidiaries
Regulatory Capital
$ in millions As of
(unaudited) December September June March December
2025(a)
2025 2025 2025 2024
Regulatory Capital(b)
CET1 capital $18,101 $17,645 $17,616 $17,239 $17,339
Additional tier 1 capital 1,770 1,770 2,116 2,116 2,116
Tier 1 capital 19,871 19,415 19,732 19,355 19,455
Tier 2 capital 3,204 3,204 3,197 3,175 3,291
Total regulatory capital $23,075 $22,619 $22,929 $22,530 $22,746
Risk-weighted assets
$168,121 $166,999 $166,517 $165,326 $164,102
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(b)
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 %
(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.
18



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.
19


Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ and shares in millions As of and For the Three Months Ended
(unaudited) December September June March December
2025 2025 2025 2025 2024
Net interest income $1,529 $1,520 $1,495 $1,437 $1,437
Add: Taxable equivalent adjustment 4 5 5 5 6
Net interest income (FTE) (a) 1,533 1,525 1,500 1,442 1,443
Net interest income (annualized) (b) 6,066 6,030 5,996 5,828 5,717
Net interest income (FTE) (annualized) (c) 6,082 6,050 6,016 5,848 5,741
Interest income 2,468 2,519 2,484 2,432 2,528
Add: Taxable equivalent adjustment 4 5 5 5 6
Interest income (FTE) 2,472 2,524 2,489 2,437 2,534
Interest income (FTE) (annualized) (d) 9,807 10,014 9,983 9,883 10,081
Interest expense (annualized) (e) 3,725 3,963 3,967 4,035 4,340
Average interest-earning assets (f) 194,144 193,500 192,682 192,808 193,513
Average interest-bearing liabilities (g) 143,518 143,096 142,913 144,285 144,771
Net interest margin (b) / (f) 3.12  % 3.12  % 3.11  % 3.02  % 2.95  %
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) 2.45  % 2.41  % 2.40  % 2.33  % 2.21  %
Income before income taxes $912 $837 $808 $653 $764
Add: Taxable equivalent adjustment 4 5 5 5 6
Income before income taxes (FTE) 916 842 813 658 770
Net income available to common shareholders 699 608 591 478 582
Add: Intangible amortization, net of tax 5 5 5 6 7
Tangible net income available to common shareholders (h) 704 613 596 484 589
Tangible net income available to common shareholders (annualized) (i) 2,793 2,432 2,391 1,963 2,343
Average Bancorp shareholders’ equity
21,527 21,216 20,670 20,000 19,893
Less: Average preferred stock (1,770) (2,112) (2,116) (2,116) (2,116)
Average goodwill (4,947) (4,937) (4,918) (4,918) (4,918)
Average intangible assets (72) (77) (79) (86) (94)
Average tangible common equity, including AOCI (j) 14,738 14,090 13,557 12,880 12,765
Less: Average AOCI 3,137 3,520 3,935 4,362 4,292
Average tangible common equity, excluding AOCI (k) 17,875 17,610 17,492 17,242 17,057
Total Bancorp shareholders’ equity
21,724 21,107 21,124 20,403 19,645
Less: Preferred stock (1,770) (1,770) (2,116) (2,116) (2,116)
Goodwill (4,947) (4,947) (4,918) (4,918) (4,918)
Intangible assets (69) (76) (75) (82) (90)
Tangible common equity, including AOCI (l) 14,938 14,314 14,015 13,287 12,521
Less: AOCI 3,110 3,276 3,546 3,895 4,636
Tangible common equity, excluding AOCI (m) 18,048 17,590 17,561 17,182 17,157
Add: Preferred stock 1,770 1,770 2,116 2,116 2,116
Tangible equity (n) 19,818 19,360 19,677 19,298 19,273
Total assets 214,376 212,903 209,991 212,669 212,927
Less: Goodwill (4,947) (4,947) (4,918) (4,918) (4,918)
Intangible assets (69) (76) (75) (82) (90)
Tangible assets, including AOCI (o) 209,360 207,880 204,998 207,669 207,919
Less: AOCI, before tax 4,092 4,311 4,666 5,125 5,868
Tangible assets, excluding AOCI (p) $213,452 $212,191 $209,664 $212,794 $213,787
Common shares outstanding (q) 661 661 668 667 670
Tangible equity (n) / (p) 9.28 % 9.12 % 9.39 % 9.07 % 9.02 %
Tangible common equity (excluding AOCI) (m) / (p) 8.46 % 8.29 % 8.38 % 8.07 % 8.03 %
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) $22.60 $21.66 $20.98 $19.92 $18.69
Tangible book value per share (excluding AOCI) (m) / (q) $27.30 $26.61 $26.29 $25.76 $25.61
20


Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ in millions For the Three Months Ended
(unaudited) December September December
2025 2025 2024
Net income (r) $731 $649 $620
Net income (annualized) (s) 2,900 2,575 2,467
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)(a)(b)
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) 1,309 1,267 1,226
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) 1,268 1,264 1,218
Non-qualified deferred compensation (expense)/benefit 5 (11) 7
Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (y) 1,273 1,253 1,225
Adjusted net income (r) + (t) + (u) 755 665 652
Adjusted net income (annualized) (z) 2,995 2,638 2,594
Adjusted tangible net income available to common shareholders (h) + (t) + (u) 728 629 621
Adjusted tangible net income available to common shareholders (annualized) (aa) 2,888 2,495 2,470
Average assets (ab) $213,021 $211,770 $211,709
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) $2,344 $2,306 $2,175
Adjusted total revenue (FTE) (a) + (w) $2,345 $2,314 $2,234
Pre-provision net revenue (PPNR) (a) + (v) - (x) $1,035 $1,039 $949
Adjusted pre-provision net revenue (PPNR) (a) + (w) - (y) $1,072 $1,061 $1,009
Totals may not foot due to rounding.
(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.
21
EX-99.2 4 q42025earningsrelease_992d.htm EX-99.2 Document
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  $ 986  $ 850 
Interest-bearing deposits with banks 6,631  4,053  5,954 
Other short-term investments 325  325  375 
Investment securities available-for-sale 14,910  14,816  15,045 
Commercial loans 26,848  26,755  26,492 
Real estate construction loans 2,503  2,849  3,680 
Commercial mortgage loans 15,244  15,190  14,493 
Lease financing 755  782  722 
International loans 1,153  1,116  952 
Residential mortgage loans 1,950  1,938  1,929 
Consumer loans 2,300  2,256  2,271 
Total loans 50,753  50,886  50,539 
Allowance for loan losses (695) (686) (690)
Net loans 50,058  50,200  49,849 
Premises and equipment 426  432  473 
Accrued income and other assets 6,858  6,564  6,751 
Total assets $ 80,074  $ 77,376  $ 79,297 
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits $ 22,934  $ 22,581  $ 24,425 
Money market and interest-bearing checking deposits 35,875  33,839  32,714 
Savings deposits 1,974  2,014  2,138 
Customer certificates of deposit 3,972  3,424  3,450 
Other time deposits —  707  1,052 
Foreign office time deposits 117  31  32 
Total interest-bearing deposits 41,938  40,015  39,386 
Total deposits 64,872  62,596  63,811 
Accrued expenses and other liabilities 2,071  1,929  2,270 
Medium- and long-term debt 5,424  5,422  6,673 
Total liabilities 72,367  69,947  72,754 
Preferred stock - no par value:
Authorized - 10,000,000 shares
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:
Authorized - 325,000,000 shares
Issued - 228,164,824 shares 1,141  1,141  1,141 
Capital surplus 2,198  2,197  2,218 
Accumulated other comprehensive loss (2,079) (2,261) (3,161)
Retained earnings 12,338  12,268  12,017 
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
12/31/24 (6,283) (6,308) (6,066)
Total shareholders' equity 7,707  7,429  6,543 
Total liabilities and shareholders' equity $ 80,074  $ 77,376  $ 79,297 



1



CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Comerica Incorporated and Subsidiaries

Three Months Ended
Years Ended
December 31,
December 31,
(in millions, except per share data)
2025
2024
2025
2024
(unaudited)
(unaudited)
(unaudited)
INTEREST INCOME
Interest and fees on loans $ 763  $ 795  $ 3,072  $ 3,204 
Interest on investment securities 105  100  426  402 
Interest on short-term investments 64  72  235  333 
Total interest income 932  967  3,733  3,939 
INTEREST EXPENSE
Interest on deposits 279  286  1,067  1,238 
Interest on short-term borrowings —  28  48 
Interest on medium- and long-term debt 76  105  337  463 
Total interest expense 355  392  1,432  1,749 
Net interest income 577  575  2,301  2,190 
Provision for credit losses 14  21  100  49 
Net interest income after provision for credit losses 563  554  2,201  2,141 
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 17 
Net losses on debt securities —  (19) —  (19)
Other noninterest income 18  55  60 
Total noninterest income 273  250  1,065  1,054 
NONINTEREST EXPENSES
Salaries and benefits expense 365  346  1,444  1,352 
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 10  36  76 
Other noninterest expenses 26  45  92  151 
Total noninterest expenses 617  587  2,351  2,307 
Income before income taxes 219  217  915  888 
Provision for income taxes 43  47  192  190 
NET INCOME 176  170  723  698 
Less:
Income allocated to participating securities
Preferred stock dividends and other 11  28  23 
Net income attributable to common shares $ 164  $ 163  $ 691  $ 671 
Earnings per common share:
Basic $ 1.28  $ 1.23  $ 5.33  $ 5.06 
Diluted 1.27  1.22  5.28  5.02 
Comprehensive income (loss) 358  (636) 1,805  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 



2



CONSOLIDATED QUARTERLY STATEMENTS OF COMPREHENSIVE INCOME (unaudited)

Comerica Incorporated and Subsidiaries

Fourth
Third
Second
First
Fourth
Fourth Quarter 2025 Compared to:
Quarter
Quarter
Quarter
Quarter
Quarter
Third Quarter 2025 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
Interest on short-term investments 64  62  53  56 
72
2
(8)
(11)
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 
1
(11)
(100)
(1)
(96)
Interest on medium- and long-term debt 76  81  85  95 
105
(5)
(8)
(29)
(28)
Total interest expense 355  372  356  349 
392
(17)
(5)
(37)
(9)
Net interest income 577  574  575  575 
575
3
2
— 
Provision for credit losses 14  22  44  20 
21
(8)
(34)
(7)
(32)
Net interest income after provision
563  552  531  555 
554
11
9
for credit losses
NONINTEREST INCOME
Card fees 61  57  59  59 
62
4
(1)
(1)
Fiduciary income 55  51  57  52 
54
4
1
Service charges on deposit accounts 48  47  47  46 
47
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
1
Letter of credit fees 12  10  10  11 
10
2
2
Bank-owned life insurance 11  13 
11
(2)
(15)
— 
Risk management hedging income
9
(3)
(47)
(8)
(79)
Net losses on debt securities —  —  —  — 
(19)
— 
19
n/m
Other noninterest income 18  14  14 
8
4
22 
10
n/m
Total noninterest income 273  264  274  254 
250
9
23
NONINTEREST EXPENSES
Salaries and benefits expense 365  353  358  368 
346
12
19
Outside processing fee expense 68  69  67  64 
68
(1)
(2)
— 
Software expense 51  50  48  48 
46
1
5
10 
Occupancy expense 49  48  46  46 
47
1
— 
2
Merger-related expense 32  —  —  — 
32
n/m
32
n/m
Equipment expense 13  13  13  13 
14
— 
(1)
(7)
Advertising expense 12  10  11 
11
2
1
FDIC insurance expense 10  11  14 
10
(9)
(91)
(9)
(92)
Other noninterest expenses 26  36  23 
45
(10)
(27)
(19)
(41)
Total noninterest expenses 617  589  561  584 
587
28
30
Income before income taxes 219  227  244  225 
217
(8)
(4)
2
Provision for income taxes 43  51  45  53 
47
(8)
(16)
(4)
(9)
NET INCOME 176  176  199  172 
170
6
Less:
Income allocated to participating securities
1
Preferred stock dividends and other 11  —  11 
6
11
n/m
5
90
Net income attributable to common shares $ 164  $ 175  $ 187  $ 165  $ 163  $ (11) (6) % $ %
Earnings per common share:
Basic $ 1.28  $ 1.36  $ 1.43  $ 1.26  $ 1.23  $ (0.08) (6) % $ 0.05
4 %
Diluted 1.27  1.35  1.42  1.25 
1.22
(0.08)
(6)
0.05
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
— 
— 


n/m - not meaningful



3



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.

Fourth
Third
Fourth
Years Ended
Quarter
Quarter
Quarter
December 31,
(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 
Merger-related expense (a) 32  — 
32  — 
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 
Merger-related expense (a) 32  — 
32  — 
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:
Reported $ 1.27  $ 1.35  $ 1.22  $ 5.28  $ 5.02 
Excluding merger-related expense 1.46  1.35  1.22  5.47  5.02 

(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.


4



December 31,
September 30,
December 31,
(in millions, except share data)
2025
2025
2024
Common Equity Tier 1 Capital (a):
Tier 1 capital $ 9,146  $ 9,049  $ 9,061 
Less:
Fixed-rate reset non-cumulative perpetual preferred stock 392  392  394 
Common equity tier 1 capital $ 8,754  $ 8,657  $ 8,667 
Risk-weighted assets $ 72,841  $ 72,714  $ 72,903 
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 $ 7,707  $ 7,429  $ 6,543 
Less:
Fixed-rate reset non-cumulative perpetual preferred stock 392  392  394 
Common shareholders' equity $ 7,315  $ 7,037  $ 6,149 
Less:
Goodwill 635  635  635 
Other intangible assets
Tangible common equity $ 6,676  $ 6,397  $ 5,508 
Total assets $ 80,074  $ 77,376  $ 79,297 
Less:
Goodwill 635  635  635 
Other intangible assets
Tangible assets $ 79,435  $ 76,736  $ 78,656 
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 $ 7,315  $ 7,037  $ 6,149 
Tangible common equity 6,676  6,397  5,508 
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 

(a)    December 31, 2025 ratios are estimated.





5