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 SummaryNet Income and ProfitabilityNet 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 .RevenueNet 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 .ExpensesTotal 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 GrowthAverage 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 QualityProvision 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 PositionCET1 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 MetricsTotal 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 / GuidanceFifth 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 .