Fifth Third Q3 EPS $0.90 as Comerica Integration Lifts Adjusted ROTCE to 20.6%
FITB sits 27% above its 52-week low of $40.045.
Summary
Fifth Third reported Q3 2026 net income of $866 million, with net income available to common shareholders of $828 million, or $0.90 per diluted share, up 9% sequentially but flat versus the $0.91 earned a year ago. Adjusted EPS was $1.13, and results included $0.23 per share of after-tax charges, mostly $171 million of merger-related costs tied to Comerica. Adjusted ROTCE rose to 20.6% from 15.6% in Q2 and the efficiency ratio improved to 62.4% from 64.3%, showing the combined bank is gaining operating leverage. Net interest income grew 3% sequentially to $2.28 billion, though the net interest margin slipped 2 bps to 3.34% as deposit costs rose. Credit stayed clean with provision for credit losses of $122 million and net charge-offs of $139 million, or 0.31%, and the CET1 ratio up to 10.02%. Management flagged intensifying deposit competition and a more volatile environment, and the bank bought back no shares in the quarter; it sees fourth-quarter net interest income up 2.5%-3.5% and noninterest income up 2%-4%, with the 9:00 a.m. ET call carrying the guidance detail.
At the time of this announcement, FITB was trading at $50.94 on NYSE in the Finance sector, with a market capitalization of approximately $45.7B. The 52-week trading range was $40.05 to $59.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.