TLDR
Fifth Third Bancorp posted Q2 net profit of $763 million, up from $591 million a year earlier
Adjusted EPS came in at $1.02, beating the analyst consensus of $0.84
Net interest income jumped 48% to $2.22 billion, boosted by the Comerica acquisition
Capital markets fees surged 71% to $154 million; wealth and asset management revenue rose 54% to $256 million
FITB stock ticked up 1.6% to $60.29 in premarket trading following the results
Fifth Third Bancorp posted second-quarter profit of $763 million on Friday, up from $591 million in the same period last year. The results were driven by the integration of its Comerica acquisition and strong fee income across multiple business lines. FIFTH THIRD BANCORP $FITB Q2 FY26 EARNINGS HIGHLIGHTS
• Revenue: $3.28B (Est. $3.25B)
• Adj.
EPS: $1.02 (Est. $0.86)
• Net Interest Income: $2.22B
• Net Charge-offs: 0.30%
• Net Interest Margin: 3.36%
Segment Performance:
• Wealth and asset management: +54% y/y
•… pic.twitter.com/4iKeBvg8w5
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Adjusted earnings came in at $1.02 per share, well above the $0.84 analyst consensus tracked by FactSet. FITB stock rose 1.6% to $60.29 in premarket trading after the report. Net interest income jumped 48% year-over-year to $2.22 billion. The gain reflected Comerica’s absorbed business, continued fixed-rate asset repricing, and what the bank described as disciplined liability management. Fifth Third Bancorp, FITBI
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Average portfolio loans and leases grew to $177.57 billion, up from $123.07 billion a year earlier — a jump that reflects the scale of the Comerica deal.
Noninterest income rose 41% to $1.06 billion. Every major division logged double-digit revenue growth, including wealth and asset management, commercial payments, consumer banking, and capital markets. Capital markets fees surged 71% to $154 million in the quarter. Wealth and asset management revenue climbed 54% to $256 million. Fee Income Picks Up Across the Board
The fee-driven businesses have become an increasingly important part of Fifth Third’s revenue mix. Regional banks like Fifth Third have been building out capital markets units to capture more deal activity, which has been rising under the current administration. Global M&A announced so far this year has exceeded $3 trillion, according to Dealogic — and banks with active capital markets desks are seeing the benefit.
Noninterest expense, however, also climbed — up 67% to $2.11 billion. Compensation and benefits rose 62%, technology and communications costs nearly doubled, and net-occupancy expenses surged. Much of that is tied to absorbing Comerica’s operations. Comerica Integration Drives the Numbers
The Comerica deal is the clearest thread running through this quarter’s results. It pushed loan balances, net interest income, and fee revenue higher — but also lifted the expense base. Adjusted tangible net income available to common shareholders came in at $986 million for the quarter, compared with $608 million a year ago. The bank gave guidance for full-year net interest income in the range of $8.74 billion to $8.80 billion.
On a reported basis, earnings per share were $0.83, down from $0.88 a year earlier — reflecting the larger share count following the acquisition. The bank is headquartered in Cincinnati, Ohio, and the Comerica deal has meaningfully expanded its footprint and balance sheet. Fifth Third’s stock was up 1.6% at $60.29 in premarket trading as of Friday morning. Stop guessing and start investing with confidence.
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