Fifth Third closes $12.7B Comerica acquisition; Q1 profit drops 73% on merger costs

Filed May 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~1 min read

Key Changes

• high

  Completed all-stock acquisition of Comerica on Feb 1, adding $73B in assets, 405 branches, and expanding footprint from 11 to 15 states. Total assets now $297B, up 39% year-over-year.

  MD&A: Comerica acquisition verify on EDGAR →
• high

  Net income fell 73% to $128M (EPS $0.15 vs $0.71 prior year) as noninterest expense surged 84% to $2.4B, driven by merger-related costs and two months of Comerica operating expenses.

  MD&A: Net income and expenses verify on EDGAR →
• high

  Net interest income rose 34% to $1.9B and margin expanded 27 bps to 3.30%, reflecting acquired Comerica assets ($73B interest-earning) and $38M purchase accounting accretion.

  MD&A: Net interest income verify on EDGAR →