--- title: "Fifth Third Bancorp Pref Shares FITBM 6.875 Perp 10/01/30 | 8-K: FY2026 Q1 Revenue: USD 2.834 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/283128619.md" datetime: "2026-04-17T10:34:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283128619.md) - [en](https://longbridge.com/en/news/283128619.md) - [zh-HK](https://longbridge.com/zh-HK/news/283128619.md) --- # Fifth Third Bancorp Pref Shares FITBM 6.875 Perp 10/01/30 | 8-K: FY2026 Q1 Revenue: USD 2.834 B Revenue: As of FY2026 Q1, the actual value is USD 2.834 B. EPS: As of FY2026 Q1, the actual value is USD 0.15. EBIT: As of FY2026 Q1, the actual value is USD -1.727 B. ### Financial Performance Summary #### Net Income and Profitability - **Net income available to common shareholders:** Fifth Third Bancorp reported $128 million in Q1 2026, a decrease from $699 million in Q4 2025 and $478 million in Q1 2025, representing an 82% sequential decrease and a 73% year-over-year decrease. The reported results included a net negative $0.68 impact from certain items . - **Net income:** Was $165 million in Q1 2026, down from $731 million in Q4 2025 and $515 million in Q1 2025 . - **Return on average assets:** Stood at 0.25% in Q1 2026, compared to 1.36% in Q4 2025 and 0.99% in Q1 2025 . - **Adjusted return on assets:** Increased 9 basis points to 1.12% in 1Q26 . - **Return on average common equity:** Was 1.8% in Q1 2026, down from 14.0% in Q4 2025 and 10.8% in Q1 2025 . - **Return on average tangible common equity:** Was 3.5% in Q1 2026, decreasing from 19.0% in Q4 2025 and 15.2% in Q1 2025 . - **Income before income taxes (FTE):** Was $212 million in Q1 2026, a decrease from $916 million in Q4 2025 and $658 million in Q1 2025 . - **Reported PPNR:** Was $439 million in 1Q26 . - **Adjusted PPNR:** Was $1,091 million in 1Q26 . #### Revenue - **Net interest income (FTE):** Increased to $1,939 million in Q1 2026, up 26% sequentially from $1,533 million in Q4 2025 and 34% year-over-year from $1,442 million in Q1 2025. This improvement was primarily due to the Comerica acquisition and lower funding costs . - **Net interest margin (FTE):** Expanded to 3.30% in Q1 2026, up 17 basis points sequentially from 3.13% in Q4 2025 and 27 basis points year-over-year from 3.03% in Q1 2025 . - **Total noninterest income:** Totaled $895 million in Q1 2026, an increase of 10% sequentially from $811 million in Q4 2025 and 29% year-over-year from $694 million in Q1 2025, reflecting two months of Comerica results . - **Adjusted noninterest income:** (excluding certain items) for 1Q26 was $921 million, an increase of 13% from the prior quarter and 28% from the year-ago quarter . - **Wealth and asset management revenue:** Was $233 million in Q1 2026, up 26% sequentially and 35% year-over-year . - **Commercial payments revenue:** Was $218 million in Q1 2026, up 31% sequentially and 42% year-over-year . - **Capital markets fees:** Were $134 million in Q1 2026, up 11% sequentially and 49% year-over-year . - **Mortgage banking net revenue:** Was $44 million in Q1 2026, down 21% sequentially and 23% year-over-year . - **Fee revenue:** Accounted for approximately 33% of total pro-forma revenue for the last twelve months ending March 31, 2026 . #### Expenses - **Total reported noninterest expense:** Increased to $2,395 million in Q1 2026, up 83% sequentially from $1,309 million in Q4 2025 and 84% year-over-year from $1,304 million in Q1 2025, including two months of Comerica results . - **Adjusted noninterest expense:** For 1Q26 was $1,769 million, an increase of 39% from the prior quarter and 35% from the year-ago quarter . - **Merger-related charges:** Of $635 million increased noninterest expense . Merger-related expenses of $635 million represented approximately half of the expected full-year charges . - **Efficiency ratio (FTE):** Was 84.5% in Q1 2026, compared to 55.8% in Q4 2025 and 61.0% in Q1 2025 . - **Compensation and benefits:** Totaled $1,410 million, up 106% sequentially and 88% year-over-year . #### Loan and Deposit Growth - **Average portfolio loans and leases:** Totaled $157,632 million in Q1 2026, increasing 28% sequentially and 30% year-over-year, largely driven by the Comerica acquisition . The loan portfolio was composed of 67% commercial and 33% consumer loans . - **Average commercial portfolio loans and leases:** Were $105,858 million in Q1 2026, up 42% sequentially and 42% year-over-year . - **Average consumer portfolio loans:** Were $51,774 million in Q1 2026, up 6% sequentially and 11% year-over-year . - **Period-end portfolio loans and leases:** Totaled $176,250 million, up 44% sequentially and 44% year-over-year . - **Average deposits:** Totaled $209,352 million in Q1 2026, increasing 24% sequentially and 28% year-over-year, reflecting $65.2 billion of deposits acquired from Comerica . - **Average demand deposits:** Were $55,770 million, up 34% sequentially and 40% year-over-year . - **Average money market deposits:** Were $54,219 million, up 38% sequentially and 49% year-over-year . - **Period-end total deposits:** Increased 36% sequentially and 41% year-over-year . - **Total cost of deposits:** Was 1.58% in 1Q26, down from 1.71% in 4Q25 . - **Non-interest bearing deposits:** Constituted 27.0% of average core deposits in 1Q26 . - **Loan-to-core deposit ratio:** Was 76% . - **Legacy Fifth Third consumer household growth:** Was 3%, including 8% growth in the Southeast . #### Asset Quality - **Provision for credit losses:** Totaled $227 million in Q1 2026, including approximately $83 million for the Day 1 allowance for Comerica. This is up from $119 million in Q4 2025 and $174 million in Q1 2025 . - **Net charge-off ratio:** Was 0.37% in Q1 2026, down 3 basis points sequentially from 0.40% in Q4 2025 and 9 basis points year-over-year from 0.46% in Q1 2025 . This was the lowest level in over two years . - **Net charge-offs (NCOs):** Were $144 million in 1Q26 . - **Commercial net charge-off ratio:** Was 0.26% in Q1 2026, down 1 basis point sequentially . - **Consumer net charge-off ratio:** Was 0.58% in Q1 2026, down 1 basis point sequentially . - **Nonperforming asset ratio:** Was 0.57% in Q1 2026, down from 0.65% in Q4 2025 and 0.81% in Q1 2025 . - **Nonperforming loans (NPLs):** Were $960 million, with an NPL ratio of 0.54% . - **Allowance for credit losses (ACL) ratio:** Represented 1.79% of total portfolio loans and leases at quarter-end, down 17 basis points sequentially and 28 basis points year-over-year . - **Total allowance for credit losses:** Was $3,154 million in 1Q26 . - **ACL coverage ratio:** Increased to 328% of nonperforming portfolio loans and leases and 316% of nonperforming portfolio assets . #### Capital Position - **CET1 capital ratio:** Decreased 85 basis points sequentially to 9.96% in Q1 2026, primarily due to capital impacts from the Comerica acquisition, including $12.3 billion of common equity issued, $6.2 billion of goodwill and intangibles, $73 billion of risk-weighted assets, and $740 million of pre-tax merger-related impacts . The CET1 stood at 10.0% following the Comerica acquisition close . - **Tangible Common Equity (excluding AOCI):** Increased 11 basis points to 7.3% . - **Tangible book value per share:** Grew 15% year-over-year . - **Accumulated other comprehensive loss:** Was -$3,234 million in Q1 2026, compared to -$3,110 million in Q4 2025 and -$3,895 million in Q1 2025 . - **Total liquidity sources:** Were $138 billion as of March 31, 2026 . #### Other Operational Metrics - **Total assets:** Were $297,039 million at March 31, 2026, up 39% sequentially and 40% year-over-year . - **Total average wholesale funding:** Was $21,551 million, up 14% sequentially but down 3% year-over-year . - **Assets under care:** Were $746 billion, up 8% sequentially and 17% year-over-year . - **Assets under management:** Were $119 billion, up 49% sequentially and 75% year-over-year . - **Average Active Digital Users:** Reached 3.25 million in 1Q26 . - **Average Active Mobile Users:** Reached 2.53 million in 1Q26 . - **New Consumer Deposit Accounts:** Originated digitally accounted for 34% in 1Q26 . - **Mortgage originations (HFI):** Were $1.4 billion in 1Q26 . - **Mortgage originations (HFS):** Were $0.5 billion in 1Q26 . - **Gain-on-sale margin:** Was 1.47% in 1Q26 . #### Outlook / Guidance Fifth Third Bancorp’s focus remains on stability, profitability, and growth, aiming for disciplined execution to drive client relationships and expansion in attractive markets . For the full year 2026, the company projects net interest income between $8.7 billion and $8.8 billion, noninterest income between $4.0 billion and $4.2 billion, and noninterest expense between $7.2 billion and $7.3 billion, with average loans and leases in the mid-$170s billion range and a net charge-off ratio of 30-40 basis points . For Q2 2026, average loans and leases are expected to be $178-179 billion, net interest income $2.20-2.25 billion, and noninterest expense $1.87-1.89 billion . ### Related Stocks - [FITBM.US](https://longbridge.com/en/quote/FITBM.US.md) ## Related News & Research - [Sun Communities amends 8-K to file missing share-sale agreement exhibit](https://longbridge.com/en/news/287962669.md) - [Key facts: Devon buys 16,300 Delaware Basin acres; files 8‑K](https://longbridge.com/en/news/287322510.md) - [Viasat Sets May 28, 2026 for Fourth Quarter and Fiscal Year 2026 Financial Results Conference Call and Webcast | VSAT Stock News](https://longbridge.com/en/news/287409673.md) - [Kering announces share buyback program on May 28, 2026.](https://longbridge.com/en/news/287952511.md) - [Kering AGM on May 28, 2026: All resolutions approved in annual meeting.](https://longbridge.com/en/news/287952788.md)