Fifth Third beats Q2 adjusted EPS estimates as net interest income, fees, and margins improve.
Stock Earnings Results
July 17, 2026
Table of Contents
July 17, 2026
Fifth Third Bancorp (NASDAQ: FITB) reported second-quarter 2026 results above expectations on an adjusted basis, supported by stronger net interest income, higher fee revenue, margin expansion, improved credit performance, and continued progress integrating Comerica.
Fifth Third is a U.S. regional bank that provides consumer banking, commercial banking, payments, wealth management, mortgage banking, and capital markets services.
The company reported adjusted EPS of $1.02, above estimates of $0.98, representing a 4.1% earnings surprise. The dashboard showed revenue of $4.43 billion, above estimates of $3.25 billion, with revenue growth of 37.0%.
Fifth Third reported net income available to common shareholders of $763 million, or $0.83 per diluted share.
Adjusted EPS was $1.02, excluding $0.19 of certain items, mainly merger-related charges, securities repositioning losses, technology-related asset impairments, severance expense, and interchange litigation matters.
Net interest income on a taxable-equivalent basis increased 14% sequentially and 48% year-over-year to $2.22 billion.
Noninterest income increased 18% sequentially and 41% year-over-year to $1.06 billion.
Management said the Comerica integration remains on track, with systems conversion scheduled for Labor Day weekend.
The quarter included a full-quarter contribution from Comerica, which supported growth in loans, deposits, fee revenue, and net interest income.
Fifth Third also said its Comerica Southwest deposit campaign delivered $2.5 billion of consumer deposits, ahead of internal targets.
Management said revenue synergies are beginning to show across the expanded footprint.
Net interest margin expanded 6 basis points sequentially to 3.36%.
The increase was driven by merger impacts, higher earning asset yields, and improved deposit pricing.
Interest-bearing deposit costs declined 2 basis points sequentially to 2.13%.
Average deposits increased to $231.51 billion from $209.35 billion in the prior quarter and $163.58 billion a year earlier.
Management said consumer deposits grew $4.6 billion during the quarter, reflecting a shift toward a more granular deposit base.
Wealth and asset management revenue increased 54% year-over-year to $256 million.
Commercial payments revenue increased 67% to $254 million.
Capital markets fees increased 71% to $154 million.
Commercial banking revenue increased 58% to $125 million.
Mortgage banking net revenue declined 30% to $39 million.
Management said fee growth was driven by the full-quarter contribution from Comerica and momentum in wealth, commercial payments, and capital markets.
Net charge-offs improved to 0.30%, the lowest level since the second quarter of 2023.
The provision for credit losses declined to $129 million from $227 million in the prior quarter.
The allowance for credit losses ratio was 1.76% of portfolio loans and leases.
Nonperforming portfolio loans and leases were $1.04 billion, representing a nonperforming loan ratio of 0.58%.
The CET1 capital ratio increased 4 basis points sequentially to 9.93%.
Fifth Third delivered a stronger quarter across earnings, deposits, margin, fee revenue, and credit quality.
Adjusted EPS beat expectations, net interest margin expanded, net charge-offs improved, and several fee businesses posted strong growth. The Comerica integration remains the key driver, with management pointing to deposit wins, revenue synergies, and a coming systems conversion as the next major step.
The key question is whether Fifth Third can turn the larger combined platform into sustained earnings growth after integration costs fade.
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