Fifth Third Bancorp · NASDAQ:FITB
Fifth Third Bancorp — Q3 2026 Earnings Presentation
44 slides from Fifth Third Bancorp's earnings presentation, Oct 19, 2026
Slide 1: 3Q26 Earnings Presentation
3Q26 Earnings Presentation October 19, 2026 Refer to earnings release dated October 19, 2026 for further information.
Slide 2: Cautionary statement
Cautionary statement This presentation contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3
Slide 3: Key Messages
Key Messages Comerica systems integration successfully completed, with strong client and banker retention and the full 1 $850 million expense synergy run-rate locked in for 4Q26 Earnings power of the combined company is increasingly evident, with stronger PPNR1, higher returns, 2 and improved operat
Slide 4: 3Q26 highlights
3Q26 highlights Reported1 Adjusted1 • Net interest income increased 3% EPS $0.90 $1.13 • Adjusted efficiency ratio2 improved 250 bps ROA 1.14% 1.41% • Net charge-offs3 of 31 basis points, with continued stability in underlying credit trends ROE 10.2% 12.8% • Adjusted return on assets2 increased 10 b
Slide 5: Net interest income
Net interest income1 $2.28 2Q26 to 3Q26 NII & NIM walk $2.22 NII $ in millions; NIM change in bps $1.94 NII NIM Total net interest income; $ billions 2Q26 $2,220 3.36% $1.53 $1.53 Conversion-related cash 0 (4) 3.36% 3.34% 3.30% Day Count (1 more day) 18 (1) Fixed-rate asset repricing 8 1 3.13% 3.13%
Slide 6: Noninterest income
Noninterest income $ millions 3Q26 PQ YoY • Noninterest income excluding certain items1 of $1.05 billion increased $12 million, or 1%, compared to the prior quarter Wealth and asset management revenue $259 1% 43% and increased $263 million, or 33%, from the year-ago quarter Commercial payments reven
Slide 7: Noninterest expense
Noninterest expense • Adjusted noninterest expense1 decreased 2% compared to $ millions 3Q26 PQ YoY the prior quarter and increased 45% from the year-ago Compensation and benefits $982 (13)% 43% quarter Technology and communications 300 20% 134% • Lower compensation and benefits expense in the quart
Slide 8: Loans
Loans Average loan & lease balances Loan portfolio composition $ in billions; loan & lease balances excluding HFS Average loan & lease balances excluding HFS $177.6 $179.2 $157.6 $53.5 Credit card and $53.7 $123.3 $123.4 $51.8 Solar energy other installation $48.4 $48.8 Home equity 2% 3% 6.12% 5.96%
Slide 9: Deposits
Deposits Average deposit balances Total deposit mix $ in billions Time deposits, 6% $231.5 $238.3 $209.4 $228.5 $235.6 Demand, 27% $164.8 $168.4 $206.5 $162.5 $166.4 Money market $238B and savings, 35% Average 2.41% 2.28% 2.24% Deposits 2.15% 2.13% 3Q25 4Q25 1Q26 2Q26 3Q26 Interest checking, 31% Cor
Slide 10: Credit quality overview
Credit quality overview 3Q25 4Q25 1Q26 2Q26 3Q26 NPL ratio 0.62% 0.62% 0.54% 0.58% 0.59% NPA ratio1,2 0.65% 0.65% 0.57% 0.60% 0.64% 30-89 days past due as a % of portfolio loans and leases 0.28% 0.29% 0.39% 0.31% 0.30% NCO ratio3 1.09% 0.40% 0.37% 0.30% 0.31% ACL ratio as a % of portfolio loans and
Slide 11: Historical net charge-off and NPA ratios
Historical net charge-off and NPA ratios Net charge-off ratio Non-performing assets ratio2 10-year average excluding COVID1 10-year average excluding COVID1 1.50% 1.50% 1.00% 1.00% 3Q26 0.64% 0.50% 0.50% 3Q26 0.31% 0.00% 0.00% 3Q17 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 3Q25 3Q26 3Q17 3Q18 3Q19 3Q20 3Q2
Slide 12: Strong liquidity and capital position
Strong liquidity and capital position Liquidity position Capital position $ in billions Common equity tier 1 ratio1 Liquidity Sources 6/30/26 9/30/26 33 bps 0 bps Fed reserves $18 $15 9.9% 2 bps 10.0% (11 bps) (16 bps) Unpledged investment securities $32 $34 Available FHLB borrowing capacity $13 $15
Slide 13: Current expectations
Current expectations 4Q26 4Q26 Avg. loans & leases up 1 - 2% (Including HFS) Net interest income1 up 2.5 - 3.5% assumes 12/31/26 Fed funds rate of 4.25% and (3Q26 baseline: $2.28 billion) includes the impact of purchase accounting accretion Noninterest income1 up 2 - 4% (3Q26 baseline: $1.05 billion
Slide 14: Appendix
Appendix 14 © Fifth Third Bancorp | All Rights Reserved
Slide 15: Consumer and Business Banking Digital Metrics
Consumer and Business Banking Digital Metrics Digital Engagement Digital Originations 1 Average Active Digital Users Digital Assisted Mortgage Applications (Millions) Award-Winning App 3.49 98% 98% 98% 98% 97% 3.25 3.27 Jeanie® named 3.19 3.19 Best Chatbot by Tearsheet AI Innovation Awards 3Q25 4Q25
Slide 16: Strategic investments resulting in fee diversification and growth
Strategic investments resulting in fee diversification and growth Fee revenue mix is well-diversified Fee contribution as a percent of revenue LTM 3Q26 pro-forma noninterest income mix 1,2 stands out favorably relative to peers LTM 3Q26 pro-forma noninterest income as a percent of pro-forma Other re
Slide 17: Total commercial portfolio overview
Total commercial portfolio overview Portfolio loans and leases Key statistics $ in billions 3Q25 2Q26 3Q26 $122.9 $124.1 $124.9 $125.6 $126.4 $105.9 NCO ratio1 1.46% 0.21% 0.22% 30-89 delinquencies 0.16% 0.26% 0.24% $74.9 $74.4 $74.6 $73.6 90+ delinquencies 0.00% 0.00% 0.01% Nonperforming loans2 0.5
Slide 18: Commercial and industrial overview
Commercial and industrial overview Portfolio loans Key statistics $ in billions 3Q25 2Q26 3Q26 $83.9 $85.0 $85.7 $86.0 $86.1 NCO ratio1 2.01% 0.31% 0.35% $73.3 30-89 delinquencies 0.08% 0.18% 0.25% $54.2 $53.9 $53.9 $52.7 90+ delinquencies 0.00% 0.00% 0.01% Nonperforming loans2 0.73% 0.53% 0.52% 3Q2
Slide 19: Relationship focused main street lender with lower NDFI exposure
Relationship focused main street lender with lower NDFI exposure Non-depository financial institution portfolio NDFI portfolio characteristics $ in billions; as of 9/30/26 Corporate Credit Facilities • 2nd lowest exposure to NDFIs among peers2 Payments, Insurance, Financial Intermediaries • 87% of t
Slide 20: High quality Shared National Credit portfolio
High quality Shared National Credit portfolio Shared National Credit portfolio is well diversified Key statistics $ in billions; as of 9/30/26 3Q25 2Q26 3Q26 Loan balance $32.2 $46.4 $46.6 Industry mix Nonperforming loans2 0.72% 0.36% 0.40% Financial Services 16% Other 24% NCO Ratio1 0.57% 0.35% 0.4
Slide 21: Low concentration in leveraged lending
Low concentration in leveraged lending Total loan portfolio composition Diversified leveraged portfolio as of 9/30/26 as of 9/30/26 Information Retail Trade Professional, Admin, Support & Scientific, & Other Services Technical Services Total Loans Healthcare & Social Assistance $181.0 Billion Levera
Slide 22: Commercial real estate overview
Commercial real estate overview Portfolio loans Key statistics $ in billions $36.0 $36.4 $35.5 $35.6 $35.7 $27.3 $27.5 3Q25 2Q26 3Q26 $27.1 $27.2 $27.2 $29.2 NCO ratio1 0.03% (0.01)% (0.07%) $22.0 30-89 delinquencies 0.37% 0.44% 0.21% $17.6 $17.3 $17.5 $17.5 $12.0 $12.1 $12.2 90+ delinquencies 0.00%
Slide 23: Total consumer portfolio overview
Total consumer portfolio overview Portfolio loans Key statistics $ in billions $51.8 $53.4 $53.5 $53.6 $53.7 $53.9 3Q25 2Q26 3Q26 $48.4 $48.7 $48.8 $49.1 NCO ratio1 0.52% 0.53% 0.52% 30-89 delinquencies 0.47% 0.45% 0.44% 90+ delinquencies 0.06% 0.05% 0.06% Nonperforming loans2 0.68% 0.79% 0.76% Weig
Slide 24: Residential mortgage overview
Residential mortgage overview Portfolio loans Key statistics $ in billions 3Q25 2Q26 3Q26 $19.5 $19.6 $19.7 $19.8 $19.9 $18.8 $17.7 $17.6 $17.7 $17.7 NCO ratio1 (0.02%) —% —% 30-89 delinquencies 0.18% 0.24% 0.19% 90+ delinquencies 0.06% 0.06% 0.08% Nonperforming loans2 0.80% 0.89% 0.80% Weighted ave
Slide 25: Home equity overview
Home equity overview Portfolio loans Key statistics $ in billions $6.9 $7.0 $7.1 $6.7 $6.8 3Q25 2Q26 3Q26 $6.1 NCO ratio1 (0.05%) (0.02%) (0.03%) $4.7 $4.8 $4.8 $4.6 30-89 delinquencies 0.45% 0.46% 0.59% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.54% 1.89% 1.89% Weighted average FICO
Slide 26: Indirect secured consumer overview
Indirect secured consumer overview Portfolio loans Key statistics $ in billions 3Q25 2Q26 3Q26 $17.7 $17.9 $17.9 $18.0 $18.1 $18.3 $18.2 $18.2 $18.2 $18.2 NCO ratio1 0.40% 0.40% 0.37% 30-89 delinquencies 0.68% 0.59% 0.56% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 0.34% 0.34% 0.34% Wei
Slide 27: Credit card overview
Credit card overview Portfolio loans Key statistics $ in billions $1.7 $1.7 $1.7 3Q25 2Q26 3Q26 $1.7 $1.7 $1.7 $1.6 $1.7 $1.6 $1.7 NCO ratio1 3.70% 3.60% 3.45% 30-89 delinquencies 1.00% 0.89% 1.02% 90+ delinquencies 0.95% 0.95% 0.96% Nonperforming loans2 1.71% 1.72% 1.75% Weighted average FICO at 74
Slide 28: Solar energy installation overview
Solar energy installation overview Portfolio loans Key statistics $ in billions 3Q25 2Q26 3Q26 $4.4 $4.5 $4.6 $4.5 $4.5 $4.4 $4.4 $4.3 $4.2 $4.2 NCO ratio1 1.47% 2.25% 2.18% 30-89 delinquencies 0.43% 0.56% 0.57% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 0.50% 0.53% 0.55% Weighted aver
Slide 29: Allowance for credit losses
Allowance for credit losses Allocation of allowance by product 3Q26 Change in rate $ in millions Compared to: % of portfolio Allowance for loan & lease losses Amount 2Q26 3Q25 loans & leases Commercial and industrial loans $1,110 1.29% (0.04%) (0.25%) Commercial mortgage loans 509 1.85% (0.03)% (0.3
Slide 30: NPL rollforward
NPL1 rollforward 3Q25 4Q25 1Q26 2Q26 3Q26 Balance, beginning of period $508 $435 $427 $573 $615 Transfers to nonaccrual status 266 138 173 212 213 Acquired nonaccrual loans — — 170 9 (2) Transfers to accrual status — (1) (1) (1) — Commercial Transfers to held for sale (1) (44) (84) (50) (1) $ in mil
Slide 31: Balance sheet positioning
Balance sheet positioning Commercial loans1,2 Consumer loans1 Investment portfolio Long-term debt3 $31.6BN fixed | $94.8BN variable1,2 $44.6BN fixed | $9.3BN variable1 $9.2BN fixed | $7.7BN variable3 • 58% allocation to bullet/locked- • 1M based: 1%5,7 out cash flow securities • SOFR based: 46% • 1M
Slide 32: Managing rate risk against conservative outcomes
Managing rate risk against conservative outcomes Estimated NII sensitivity profile and ALCO policy limits % Change NII (FTE) ALCO policy limit Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months 0.2% 2.4% (9.0%) (15.0%) Rate risk models assume
Slide 33: Investment portfolio composition
Investment portfolio composition Securities portfolio Investment portfolio characteristics AFS and HTM portfolio; amortized cost basis; as of 9/30/2026 Amortized cost basis; as of 9/30/2026 Held-to-maturity portfolio • $20.9BN portfolio HTM • Reclassification during 1Q24 aimed to de-risk potential A
Slide 34: Securities portfolio AOCI accretion
Securities portfolio AOCI accretion AOCI accretion1 assuming implied forward curve2 $ in billions; 9/30/26 AFS and HTM portfolio unrealized loss, after-tax Historical AOCI accretion Projected AOCI accretion ($1.7) ($2.1) ($2.4) ~60% ($2.8) ($2.9) ($2.9) ($2.8) capital accretion ($3.0) ~41% ($3.4) ca
Slide 35: Balance sheet positioned to grow tangible book value per share
Balance sheet positioned to grow tangible book value per share TBV/share1 will improve due to AOCI accretion alone Projected TBV/share growth includes no earnings contribution from 2026-20292 Projected growth from AOCI burndown alone1 Actuals Forecast +3% $24.39 +4% $23.76 $22.60 (3%) +4% $22.92 $22
Slide 36: Cash flow hedges
Cash flow hedges Receive-fixed swaps1 EOP notional value of cash flow hedges ($ in billions) Existing receive-fixed swaps2 $21 $20 Forward starting receive-fixed swaps2 $19 $19 $18 $17 $7 $8 $15 $6 $6 $5 $15 $4 $14 $13 $2 $4 $12 $4 $4 $9 $13 $13 $13 $13 $13 $13 $13 $13 $4 $11 $10 $8 $5 3Q26 4Q26 1Q2
Slide 37: Mortgage banking results
Mortgage banking results Mortgage banking net revenue Mortgage originations and margins $ in millions $ in billions $58 $56 $44 $47 $2.5 Origination $39 $2.2 $2.3 fees and gains on loan $3 $3 $1.9 $1.9 $0.9 $0.6 $0.8 sale $0.6 $73 $73 $70 $71 $0.5 Gross $69 Originations HFI $1.6 servicing $1.4 $1.4
Slide 38: Preferred dividend schedule
Preferred dividend schedule Upcoming preferred dividend schedule1 4Q26 1Q27 2Q27 3Q27 $ in millions Series H ~$11 ~$11 ~$12 ~$12 Floating2 Series I ~$9 ~$9 ~$10 ~$10 Floating2 Series J ~$6 ~$6 ~$6 ~$6 Floating2 Series K ~$3 ~$3 ~$3 ~$3 Series M3 ~$7 ~$7 ~$7 ~$7 Class B Series A ~$3 ~$3 ~$3 ~$3 Total
Slide 39: 3Q26 adjustments and notable items
3Q26 adjustments and notable items Adjusted EPS of $1.131 3Q26 reported EPS of $0.90 included a net negative $0.23 impact from the following notable item(s): • $225 million pre-tax (~$171 million after-tax2,3) charge related to merger-related charges • $34 million pre-tax (~$26 million after-tax2) c
Slide 40: Non-GAAP reconciliation
Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries For the three months ended $ and shares in millions (unaudited) September June March December September 2026 2026 2026 2025 2025 Net income (U.S. GAAP) (a) $866 $801 $165 $731 $649 Net income (U.S. GAAP) (annualized) (b) $3,436 $3,213 $669
Slide 41: Non-GAAP reconciliation
Non-GAAP reconciliation Fifth Third Bancorp and Subsidiaries For three months ended $ and shares in millions (unaudited) September June March December September 2026 2026 2026 2025 2025 Average interest-earning assets (a) $270,023 $264,989 $237,961 $194,144 $193,500 Net interest income (U.S. GAAP) (
Slide 42: Earnings presentation end notes
Earnings presentation end notes Slide 3 end notes 1. Non-GAAP measure: see reconciliation on pages 40 and 41 of this presentation and use of non-GAAP measures on pages 27-29 of the earnings release. Slide 4 end notes 1. Reported ROTCE, NIM, pre-provision net revenue, and efficiency ratio are non-GAA
Slide 43: Earnings presentation end notes
Earnings presentation end notes Slide 18 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 3. Total commercial portfolio line utilization; 1Q
Slide 44: Earnings presentation end notes
Earnings presentation end notes Slide 30 end notes 1. Loan balances exclude nonaccrual loans HFS. Slide 31 end notes Note: Data as of 9/30/2026 1. Excludes HFS Loans & Leases. 2. Fifth Third had $12.85BN of commercial variable loans classified as fixed given the impacts of $8.9BN in C&I receive-fix