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Business Combination (Tables)
 6 Months Ended
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 issued412 
Replacement of stock-based awards208 
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 securities7,243 
Held-to-maturity securities3,669 
Trading debt securities170 
Equity securities141 
Loans and leases held for sale1 
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 equipment526 
Intangible assets1,209 
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 debt5,529 
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 communications43 64 
Net occupancy expense29 53 
Card and processing expense— 30 
Equipment expense5 9 
Marketing expense1 1 
Other noninterest expense5 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)2026202520262025
Net interest income$2,201 2,118 4,338 4,174 
Noninterest income1,059 1,037 2,066 1,974 
Net income available to common shareholders904 773 1,668 677 
Schedule of Acquired Financing Receivables After Allowance For Credit Loss
The following table reflects the unpaid principal balance, fair value and initial amortized cost basis of acquired loans and leases as of:
February 1, 2026 ($ in millions)
PCDPSLOtherTotal
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.