Fifth Third Bancorp Beats Earnings Estimates As Comerica Deal Boosts Growth

Font: Financial Modeling Prep  • Apr 17, 2026

Fifth Third Bancorp (NASDAQ:FITB) reported first-quarter earnings that exceeded analyst expectations, supported by contributions from its recent Comerica acquisition.

The bank posted adjusted earnings per share of $0.15, surpassing the consensus estimate of a $0.10 loss. Reported results included a net negative impact of $0.68 per share related to merger costs and other items.

Revenue totaled $2.83 billion on a fully taxable-equivalent basis, representing a 33% increase year over year, primarily driven by the Comerica acquisition completed on February 1.

Net interest income rose 34% to $1.94 billion, while net interest margin expanded 27 basis points to 3.30% compared with the prior year.

The acquisition added $86 billion in assets, $51 billion in loans, and $65 billion in deposits at closing. Average portfolio loans increased 30% year over year to $158 billion, and average deposits rose 28% to $209 billion.

Credit quality remained strong, with net charge-offs at 37 basis points, the lowest level since the fourth quarter of 2023. The nonperforming asset ratio improved to 0.57% from 0.81% a year earlier.