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02.02.26 - 12:33
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Fifth Third Completes Merger with Comerica to Become 9th Largest U.S. Bank (Business Wire)
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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced it has closed its merger with Comerica Incorporated to create the ninth-largest U.S. bank with approximately $294 billion in assets. The combination of Fifth Third's award-winning retail banking and digital capabilities with Comerica's strong middle market banking franchise and attractive footprint further strengthens Fifth Third's stability, profitability and growth potential.
The merger builds upon Fifth Third's strong momentum entering 2026, following a year of record revenue, best-in-class profitability and efficiency, strong loan and deposit growth, and continued leadership in digital banking and commercial payments. Fifth Third will now operate in 17 of the 20 fastest-growing large markets in the country, including key regions in the Southeast, Texas and California, while solidifying its leadership in the Midwest. By 2030, Fifth Third is planning to have approximately 1,750 branches, over half of which will be locate...
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02.02.26 - 12:33
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Fifth Third Announces Three New Members to its Board of Directors (Business Wire)
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New Directors join from Comerica's BoardCINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced the appointment of Derek J. Kerr, Barbara R. Smith and Michael G. Van de Ven to its Board of Directors, effective February 1, 2026.
“We're pleased to welcome Derek, Barbara and Mike to our Board,” said Tim Spence, chairman, CEO and president of Fifth Third. “Each Director brings a distinctive combination of leadership and industry experience that will be an invaluable asset. Their perspectives, insight and experience will help guide the new Fifth Third as we continue to deliver innovative solutions for our customers and communities.”
Kerr is an experienced financial leader with broad and deep exposure to complex financial issues, bringing nearly four decades of accounting, finance and corporate governance experience in the aviation and airline industry. Most recently, he served as Vice Chair of American Airlines Group and President of American Eagle. Prior to this, Kerr served ...
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23.01.26 - 14:27
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Fifth Third Announces Credit Leadership Transition (Business Wire)
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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB) today announced a planned leadership transition within its Credit organization following the upcoming retirement of Greg Schroeck, chief credit officer, after nearly 40 years of distinguished service. Kristof Schneider, currently deputy chief credit officer, will succeed Schroeck. Schneider will join Fifth Third's Enterprise management team, the Bank's senior-most governing body, and report to Bob Shaffer, chief risk officer. Schroeck will stay on in an advisory capacity through the second quarter of this year to ensure a smooth transition.
Schroeck served more than 35 years with Fifth Third before retiring in 2021 and returning in 2023 to lead the Credit organization. Throughout his tenure, he played a pivotal role in strengthening the Bank's credit discipline, culture and long-term strategy.
“We are deeply grateful for Greg's many contributions during both of his tours with Fifth Third,” said Tim Spence, chairman, CEO and president ...
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20.01.26 - 13:06
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Fifth Third Bancorp Reports Climb In Q4 Profit (AFX)
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WASHINGTON (dpa-AFX) - Fifth Third Bancorp (FITB) announced a profit for its fourth quarter that Increased, from last yearThe company's earnings totaled $699 million, or $1.04 per share. This comp......
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20.01.26 - 12:36
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Fifth Third Bancorp Reports Fourth Quarter 2025 Diluted Earnings Per Share of $1.04 (Business Wire)
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Strong returns supported by continued business momentum and improved credit trends
Reported results included a net negative $0.04 impact from certain items on page 2CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB):
Key Financial Data
Key Highlights
$ in millions for all balance sheet and income statement items
4Q25
3Q25
4Q24
Stability:
Net charge-offs(b) of 40 bps in 4Q25; Commercial net charge-offs(b) of 27 bps
Loan-to-core deposit ratio of 72%; 4% demand deposit growth year-over-year
Strong profitability resulted in CET1(d)(e) increasing 20 bps to 10.77%
Profitability:
Adjusted ROA(a) of 1.41% and adjusted ROTCE ex. AOCI(a) of 16.2%
Disciplined expense management; adjusted efficiency ratio(a) of 54.3%, an improvement of 50 bps year-over-year
Generated 230 bps of positive operating leverage in 2025
Tangible book value per share(a) grew 21% year-over-year
Growth:
5% ...
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14.01.26 - 00:09
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Fifth Third and Comerica Announce Receipt of All Material Approvals to Combine (Business Wire)
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CINCINNATI & DALLAS--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) and Comerica Incorporated (NYSE: CMA) today announced that the Board of Governors of the Federal Reserve System approved the combination of the two companies. As a result, all material regulatory and shareholder approvals to merge have been received. The transaction is expected to close on February 1, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions, and will form the ninth largest U.S. bank with $290 billion in assets and a footprint that includes 17 of the 20 fastest-growing large markets in the U.S.
“We are thrilled to have all material approvals secured so we can begin an exciting new chapter as one combined company,” said Tim Spence, Chairman, CEO and President of Fifth Third. “Together, Fifth Third and Comerica will create a stronger, more diversified bank with industry-leading capabilities; a leading position in markets across the Midwest, Southeast, Texas and California; and a pr...
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