Fifth Third files investor presentation on Comerica integration, $1B fee businesses

Fifth Third closed its acquisition of Comerica in February 2026. The presentation emphasizes the transaction's strategic benefits: no tangible book value per share dilution, immediate cash-on-cash return, market leadership in Midwest and Southeast/Texas markets, and a $500 million revenue synergy opportunity over five years. Management targets 19%+ ROTCE and an efficiency ratio in the low-to-mid 50s, representing 200+ basis points improvement in each metric. The combined entity operates in 17 of the 20 fastest-growing large U.S. metro areas and creates a national middle market banking powerhouse.

Fifth Third ranks third among peers in total shareholder return across multiple time horizons as of July 23, 2026. The bank delivered 37% TSR over 7 years, 120% over 10 years, 153% over 1 year, and 334% over 3 years. Management highlights this as evidence of consistent top-quartile performance and shareholder value creation.

Fifth Third's commercial payments business generated $1.0 billion in fees over the last twelve months ending 2Q26, with a 7% long-term CAGR. The bank ranks in the top 5 nationally across multiple payment product categories and processes $18 trillion in payments annually. Commercial payments fees combined with NII contribution from operating deposits represent over $2 billion in annualized revenue. The business serves approximately 24,000 commercial payments clients, with roughly 40% of new relationships being payments-led with no credit extended.

Fifth Third's Wealth & Asset Management business generated $1.0 billion in revenue over the last twelve months ending 2Q26. The bank ranks seventh among peers in assets under custody at $222 billion and seventh in assets under management at $119 billion as of March 31, 2026. The wealth advisor headcount grew from 95 in 2022 to 168 in 2Q26. The business includes Fifth Third Wealth Advisors (an independent RIA launched in 2022 with approximately $4 billion in AUM) and a Business Transition Advisory Team (launched in 2021 with approximately $3 billion in gross proceeds since inception).

Fifth Third reported a net charge-off ratio of 0.30% in 2Q26, with a commercial net charge-off ratio of 0.21% and a consumer net charge-off ratio of 0.60%. The non-performing assets ratio stood at 0.53%. These metrics compare favorably to the bank's 10-year averages excluding COVID years. The presentation highlights the bank's relationship-focused main street lending approach and lower exposure to non-depository financial institutions at 7% of total loans. Note: these figures were previously disclosed in the company's Jul 17, 2026 8-K.