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Business Combination (Tables) | 6 Months Ended
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Jun. 30, 2026
Business Combination [Abstract] |
Schedule of Recognized Assets Acquired and Liabilities Assumed | The following table reflects total consideration transferred for Comerica’s net assets and the amounts of acquired identifiable assets and liabilities assumed at their preliminary estimated fair values as of the acquisition date:
($ in millions) |
Purchase consideration |
Fair value of common stock issued | $ | 12,056 |
Fair value of preferred stock issued | 412 |
Replacement of stock-based awards | 208 |
Fair value of purchase consideration | $ | 12,676 |
Net Identifiable Assets Acquired, at Fair Value: |
Assets: |
Cash and due from banks(a) | $ | 731 |
Other short-term investments(a) | 11,251 |
Available-for-sale debt and other securities | 7,243 |
Held-to-maturity securities | 3,669 |
Trading debt securities | 170 |
Equity securities | 141 |
Loans and leases held for sale | 1 |
Portfolio loans and leases(a) | 50,528 |
Allowance for loan and lease losses | (661) |
Portfolio loans and leases, net(a) | 49,867 |
Bank premises and equipment | 526 |
Intangible assets | 1,209 |
Other assets(a) | 5,950 |
Total assets acquired | $ | 80,758 |
Liabilities: |
Deposits(a) | $ | 65,193 |
Accrued taxes, interest and expenses(a) | 884 |
Other liabilities(a) | 1,498 |
Long-term debt | 5,529 |
Total liabilities assumed | $ | 73,104 |
Net identifiable assets acquired | $ | 7,654 |
Goodwill | $ | 5,022 |
(a)Balances have been updated from the estimates reported in the March 31, 2026 Form 10-Q.
Schedule of Merger Related Nonrecurring Charges | The table below summarizes the merger-related charges recorded in the Condensed Consolidated Statements of Income:
($ in millions) | For the three months ended June 30, 2026 | For the six months ended June 30, 2026
Noninterest Expense |  |
Compensation and benefits | $ | 110 |  | 537 |
Technology and communications | 43 |  | 64 |
Net occupancy expense | 29 |  | 53 |
Card and processing expense | — |  | 30 |
Equipment expense | 5 |  | 9 |
Marketing expense | 1 |  | 1 |
Other noninterest expense | 5 |  | 133 |
Total noninterest expense | $ | 193 |  | 827 |
Noninterest Income |  |
Other noninterest income (loss) | $ | — |  | (22) |
Total noninterest income | $ | — |  | (22) |
Total merger-related charges | $ | 193 |  | 849 |
Unaudited Pro Forma | The unaudited pro forma information does not necessarily reflect the results of operations that would have occurred had Fifth Third Bancorp acquired Comerica on January 1, 2025. Furthermore, cost savings and other business synergies related to the merger are not reflected in the unaudited pro forma amounts for the three and six months ended June 30, 2026 and 2025.
| Unaudited Pro Forma Information | Unaudited Pro Forma Information
| For the three months ended June 30, | For the six months ended June 30,
($ in millions) | 2026 | 2025 | 2026 | 2025
Net interest income | $ | 2,201 |  | 2,118 |  | 4,338 |  | 4,174 |
Noninterest income | 1,059 |  | 1,037 |  | 2,066 |  | 1,974 |
Net income available to common shareholders | 904 |  | 773 |  | 1,668 |  | 677 |
Schedule of Acquired Financing Receivables After Allowance For Credit Loss | The following table reflects the unpaid principal balance, fair value and initial amortized cost basis of acquired loans and leases as of:
February 1, 2026 ($ in millions) | PCD | PSL | Other | Total
Fair value of acquired loans and leases | $ | 3,183 |  | 46,279 |  | 405 |  | 49,867 |
Adjustments for expected credit losses(a)(b) | 179 |  | 482 |  | — |  | 661 |
Initial amortized cost basis of acquired loans and leases | $ | 3,362 |  | 46,761 |  | 405 |  | 50,528 |
Unpaid principal balance of acquired loans and leases(a) | 3,457 |  | 46,836 |  | 406 |  | 50,699 |
Noncredit discount, net | $ | (95) |  | (75) |  | (1) |  | (171) |
(a)The unpaid principal balance and adjustment for expected credit losses exclude net charge-offs of $111 which were taken at the time of the Comerica acquisition. (b)The initial ALLL on other acquired loans and leases was $8 and was recorded as provision for credit losses in the Bancorp’s Condensed Consolidated Statements of Income in the first quarter of 2026.

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