The beat on adjusted EPS combined with constructive Q4 guidance (NII +2.5-3.5%, expenses -2-3%) and completion of the Comerica conversion supports continued margin expansion and operating leverage. Watch for deposit cost trends and loan growth in Q4 to validate the trajectory toward the $850M expense synergy run-rate.
Price Chart
Executive Summary
Fifth Third Bancorp reported Q3 2026 adjusted EPS of $1.13, above the consensus estimate of $1.09, with net interest income growing 3% sequentially and core deposits up 3%. The Comerica integration is on track with systems conversion completed, and the company provided constructive Q4 guidance including NII growth of 2.5-3.5% and expense reductions, while maintaining stable credit quality with net charge-offs of 31 bps.
Key Financial Metrics
Key Facts
- Adjusted EPS of $1.13 beat consensus of $1.09 (+3.67%)
- Net interest income (FTE) of $2.276B, up 3% sequentially and 49% YoY
- Adjusted PPNR of $1.512B, up 8% sequentially
- Adjusted ROTCE of 20.6%, up 160 bps from prior quarter
- CET1 ratio improved to 10.02% from 9.93%
- Core deposits increased 3% sequentially to $235.6B
- Net charge-offs remained low at 31 bps
- Comerica systems conversion completed with strong client retention
- Q4 guidance: NII up 2.5-3.5%, expenses down 2-3%, NCO ratio 30-35 bps
- No share repurchases during the quarter
Financial Impact
Adjusted EPS of $1.13 vs consensus $1.09; NII $2.276B; adjusted PPNR $1.512B; adjusted ROTCE 20.6%
Risk Factors
- NIM compressed 2 bps sequentially to 3.34% as deposit costs rose
- Noninterest income declined 5% sequentially due to lower capital markets fees and securities losses
- AOCI loss widened to $4.9B from $3.3B, pressuring tangible book value
- OREO increased to $81M including $74M of branch-related real estate from Comerica
- No share repurchases despite strong capital generation
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000035527-26-000229 |
| Document: fifththirdbancorppresent.htm | 0000035527-26-000229 |
| Document: fitb-20261019.htm | 0000035527-26-000229 |
| Document: 0000035527-26-000229-index-headers.html | 0000035527-26-000229 |
| Document: 0000035527-26-000229-index.html | 0000035527-26-000229 |
| Document: 0000035527-26-000229.txt | 0000035527-26-000229 |
| 8-K Data (Synthetic) | 0000035527-26-000229 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $53.23 | awaiting T+5 | — | $53.54 (+0.59%) |
Oct 19, 2026 8d ago | 8-K | $50.51 $53.10 | ▲ +5.13% | ▲ +5.27% | $53.54 (+6.01%) |
Sep 24, 2026 4w ago | 8-K | $51.46 $50.41 | ▼ −2.04% | ▼ −1.62% | $53.54 (+4.05%) |
Sep 23, 2026 4w ago | 8-K | $51.46 $50.41 | ▼ −2.04% | ▼ −1.62% | $53.54 (+4.05%) |
Aug 21, 2026 9w ago | 8-K | $54.82 $54.54 | ▼ −0.51% | ▼ −0.98% | $53.54 (−2.33%) |
Aug 21, 2026 9w ago | EFFECT | $54.82 $54.54 | ▼ −0.51% | ▼ −0.98% | $53.54 (−2.33%) |
Aug 5, 2026 11w ago | 13F-HR | $57.60 $57.99 | ▲ +0.67% | ▲ +0.32% | $53.54 (−7.04%) |
Jul 30, 2026 12w ago | 8-K | $56.50 $57.09 | ▲ +1.04% | ▼ −2.47% | $53.54 (−5.23%) |
Jul 17, 2026 14w ago | 8-K | $58.01 $57.15 | ▼ −1.48% | ▼ −0.80% | $53.54 (−7.70%) |
May 19, 2026 23w ago | Court Ruling | $48.12 $49.12 | ▲ +2.09% | ▲ +0.29% | $53.54 (+11.28%) |
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