EX-99.1 2 q22026earningsrelease.htm EX-99.1
Fifth Third Bancorp Reports Second Quarter 2026 Earnings
Organic momentum and integration progress advance the earnings power of the combined company
Reported EPS of $0.83; adjusted EPS(a) of $1.02 excludes $0.19 of certain items on page 2

| Key Financial Data |  |  |  |  |  |  | Key Highlights
| $ in millions for all balance sheet and income statement items |  |  |  |  |  |  |
|  | 2Q26 | 1Q26 | 2Q25 | Stability: •Strong credit performance. Net charge-offs(b) of 30 bps in 2Q26, the lowest level since 2Q23 •Interest-bearing deposit costs decreased 2 bps sequentially to 2.13% •Tangible common equity(a) increased 43 bps year-over-year Profitability: •Net interest margin(a) expanded 6 bps sequentially •Adjusted ROTCE(a) improved 100 bps and adjusted ROA(a) improved 9 bps year-over- year •Disciplined expense management; adjusted efficiency ratio(a) of 57.1% improved 480 bps sequentially Growth: •Delivered $2.5 billion of consumer deposits from the Comerica Southwest marketing campaign •Newline deposits up $2.1 billion and fee revenues up 35% year-over-year •Legacy Fifth Third consumer household growth of 3%, including 7% in the Southeast
| Income Statement Data |  |  |  |  |  |
| Net income available to common shareholders | $763 |  | $128 |  | $591 |
| Net interest income (U.S. GAAP) | 2,215 |  | 1,934 |  | 1,495 |
| Net interest income (FTE)(a) | 2,220 |  | 1,939 |  | 1,500 |
| Noninterest income | 1,059 |  | 895 |  | 750 |
| Noninterest expense | 2,109 |  | 2,395 |  | 1,264 |
| Per Share Data |  |  |  |  |  |
| Earnings per share, basic | $0.84 |  | $0.16 |  | $0.88 |
| Earnings per share, diluted | 0.83 |  | 0.15 |  | 0.88 |
| Book value per share | 35.56 |  | 35.24 |  | 28.47 |
| Tangible book value per share(a) | 23.15 |  | 22.88 |  | 20.98 |
| Balance Sheet & Credit Quality |  |  |  |  |  |
| Average portfolio loans and leases | $177,572 |  | $157,632 |  | $123,071 |
| Average deposits | 231,506 |  | 209,352 |  | 163,575 |
| Accumulated other comprehensive loss | (3,345) |  | (3,234) |  | (3,546) |
| Net charge-off ratio(b) | 0.30 | % | 0.37 | % | 0.45 | %
| Nonperforming asset ratio(c) | 0.60 |  | 0.57 |  | 0.72 |
| Financial Ratios |  |  |  |  |  |
| Return on average assets | 1.08 | % | 0.25 | % | 1.20 | %
| Return on average common equity | 9.5 |  | 1.8 |  | 12.8 |
| Return on average tangible common equity(a) | 15.6 |  | 3.5 |  | 17.6 |
| CET1 capital(d) | 9.93 |  | 9.89 |  | 10.58 |
| Net interest margin(a) | 3.36 |  | 3.30 |  | 3.12 |
| Efficiency(a) | 64.3 |  | 84.5 |  | 56.2 |
| Other than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.

From Tim Spence, Fifth Third Chairman, CEO and President: |  |

Fifth Third's second quarter was another step toward the earnings power we committed to deliver by year-end. Our core business continues to grow, with momentum across our fee businesses, led by wealth and asset management, commercial payments, and capital markets. The results were higher returns and tangible book value per share growth. Our balance sheet is well-positioned, supporting net interest margin expansion and improved credit performance.
The Comerica integration remains on track. Systems conversion is scheduled for Labor Day weekend and is the final step to unlocking the full run-rate of our expected cost synergies. Revenue synergies are emerging across our expanded footprint. Our deposit campaigns in the Comerica Southwest markets delivered results above our internal targets, and end-of-period commercial loan growth was broad-based across legacy geographies and specialty verticals.
Our capital generation supports both reinvestment in the business and consistent returns to shareholders. Investments in deposits, payments, technology, and high-growth markets are increasingly visible in our results. We are building a Fifth Third that is not just larger, but is better and more resilient. We will continue to be guided by our operating priorities of stability, profitability, and growth – in that order.
Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 July 17, 2026

| Income Statement Highlights |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions, except per share data) | For the Three Months Ended |  |  | % Change |
|  | June |  | March |  | June |  |  |  |  |
|  | 2026 |  | 2026 |  | 2025 |  | Seq |  | Yr/Yr |
| Condensed Statements of Income |  |  |  |  |  |  |  |  |  |  |  |  |
| Net interest income (NII)(a) | $2,220 |  | $1,939 |  | $1,500 |  | 14% |  | 48% |
| Provision for credit losses | 129 |  | 227 |  | 173 |  | (43)% |  | (25)% |
| Noninterest income | 1,059 |  | 895 |  | 750 |  | 18% |  | 41% |
| Noninterest expense | 2,109 |  | 2,395 |  | 1,264 |  | (12)% |  | 67% |
| Income before income taxes(a) | $1,041 |  | $212 |  | $813 |  | 391% |  | 28% |
| Taxable equivalent adjustment | $5 |  | $5 |  | $5 |  | — |  | — |
| Applicable income tax expense | 235 |  | 42 |  | 180 |  | 460% |  | 31% |
| Net income | $801 |  | $165 |  | $628 |  | 385% |  | 28% |
| Dividends on preferred stock | 38 |  | 37 |  | 37 |  | 3% |  | 3% |
| Net income available to common shareholders | $763 |  | $128 |  | $591 |  | 496% |  | 29% |
| Earnings per share, diluted | $0.83 |  | $0.15 |  | $0.88 |  | 453% |  | (6)% |

Fifth Third Bancorp (NYSE: FITB) today reported second quarter 2026 net income available to common shareholders of $763 million, or $0.83 per diluted share, compared to $128 million, or $0.15 per diluted share, in the prior quarter and $591 million, or $0.88 per diluted share, in the year-ago quarter.
The second quarter of 2026 marked an important milestone for Fifth Third, surpassing $300 billion in total assets and formally becoming a Category III institution. Fifth Third has been preparing for a Category III transition over multiple years through sustained investments in risk, capital, liquidity, and regulatory reporting and is well-positioned to meet all Category III requirements on or before required dates.

|  | Diluted earnings per share impact of certain item(s) - 2Q26 |  |
|  | (after-tax impact; $ in millions, except per share data) |  |
|  | Merger-related charges(e)1,2 | $(155) |  |
|  | Securities repositioning losses(e) | (8) |  |
|  | Technology-related asset impairments(e) | (5) |  |
|  | Severance expense(e) | (5) |  |
|  | Interchange litigation matters(e)3 | (2) |  |
|  | After-tax impact of certain item(s) | $(175) |  |
|  | Diluted earnings per share impact of certain item(s)4 | $(0.19) |  |
|  | Totals may not foot due to rounding; 1 A portion of the adjustments related to merger-related expenses are not tax-deductible; 2 Pre-tax merger-related charges increased noninterest expense by $203 million; 3 Interchange litigation matters increased noninterest expense by $1 million and decreased noninterest income by $1 million; 4 Diluted earnings per share impact reflects 915.959 million average diluted shares outstanding |  |

2

| Net Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |
| (FTE; $ in millions)(a) | For the Three Months Ended |  |  | % Change |
|  | June |  | March |  | June |  |  |  |  |
|  | 2026 |  | 2026 |  | 2025 |  | Seq |  | Yr/Yr |
| Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest income | $3,377 |  |  | $2,977 |  |  | $2,489 |  |  | 13% |  | 36% |
| Interest expense | 1,157 |  |  | 1,038 |  |  | 989 |  |  | 11% |  | 17% |
| Net interest income (NII) | $2,220 |  |  | $1,939 |  |  | $1,500 |  |  | 14% |  | 48% |
| Average Yield/Rate Analysis |  |  |  |  |  |  |  |  |  | bps Change |
| Yield on interest-earning assets | 5.11 | % |  |  | 5.07 | % |  |  | 5.18 | % |  |  | 4 |  | (7) |
| Rate paid on interest-bearing liabilities | 2.44 | % |  |  | 2.44 | % |  |  | 2.78 | % |  |  | — |  | (34) |
| Ratios |  |  |  |  |  |  |  |  |  |  |  |  |
| Net interest rate spread | 2.67 | % |  |  | 2.63 | % |  |  | 2.40 | % |  |  | 4 |  | 27 |
| Net interest margin (NIM) | 3.36 | % |  |  | 3.30 | % |  |  | 3.12 | % |  |  | 6 |  | 24 |

Net interest income (FTE) of $2.220 billion increased 14% sequentially and 48% year-over-year. Both increases primarily reflect the addition of Comerica for a full-quarter. Organic loan production, continued fixed-rate asset repricing, and disciplined liability management also contributed to this growth. Net interest margin expanded 6 bps sequentially to 3.36% due to merger impacts, higher earning asset yields, and improved deposit pricing. Consumer deposits grew $4.6 billion as we continue to re-mix toward a more granular deposit base, which contributed to the 2 bps decrease in interest-bearing deposit costs.
3

| Noninterest Income |  |  |  |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended | % Change |  |  |  |
|  | June | March | June |  |  |  |  |  |
|  | 2026 | 2026 | 2025 | Seq | Yr/Yr |  |  |  |
| Noninterest Income |  |  |  |  |  |  |  |  |
| Wealth and asset management revenue | $256 | $233 | $166 | 10% | 54% |  |  |  |
| Commercial payments revenue | 254 | 218 | 152 | 17% | 67% |  |  |  |
| Consumer banking revenue | 161 | 146 | 147 | 10% | 10% |  |  |  |
| Capital markets fees | 154 | 134 | 90 | 15% | 71% |  |  |  |
| Commercial banking revenue | 125 | 105 | 79 | 19% | 58% |  |  |  |
| Mortgage banking net revenue | 39 | 44 | 56 | (11)% | (30)% |  |  |  |
| Other noninterest income | 50 | 27 | 44 | 85% | 14% |  |  |  |
| Securities gains/(losses), net | 20 | (12) | 16 | NM | 25% |  |  |  |
| Total noninterest income | $1,059 | $895 | $750 | 18% | 41% |  |  |  |

Noninterest income of $1.059 billion increased $164 million, or 18% sequentially and $309 million, or 41%, year-over-year. The reported results reflect the impact of certain items in the table below, including securities gains/losses which incorporate the mark-to-market impacts from securities tied to non-qualified deferred compensation plans, which are offset in noninterest expense. Securities repositioning losses of approximately $10 million reflect active portfolio management resulting in opportunistically repositioning $4 billion of notional short-duration securities to accelerate cash flow reinvestment, enhance net interest income and reduce down-rate risk sensitivity.

| Noninterest Income excluding certain items
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | June |  | March |  |  | June |  |  |  |
|  | 2026 |  | 2026 |  |  | 2025 |  |  | Seq |  | Yr/Yr |
| Noninterest Income excluding certain items |  |  |  |  |  |  |  |  |  |  |  |  |
| Noninterest income (U.S. GAAP) | $1,059 |  |  | $895 |  |  | $750 |  |  |  |  |  |
| Interchange litigation matters | 1 |  |  | (8) |  |  | 1 |  |  |  |  |  |
| Merger-related charges | — |  |  | 22 |  |  | — |  |  |  |  |  |
| Securities repositioning losses | 10 |  |  | — |  |  | — |  |  |  |  |  |
| Other securities (gains)/losses, net | (30) |  |  | 12 |  |  | (16) |  |  |  |  |  |
| Noninterest income excluding certain items(a) | $1,040 |  |  | $921 |  |  | $735 |  |  | 13% |  | 41% |

Noninterest income excluding certain items of $1.040 billion increased $119 million, or 13%, compared to the prior quarter and increased $305 million, or 41%, from the year-ago quarter.
Growth was driven by the full-quarter contribution from Comerica and momentum across our fee businesses. Wealth and asset management revenue of $256 million benefited from higher personal asset management revenue, 8% sequential assets under management growth, and favorable market performance, partially offset by the seasonal decline in tax‑related revenue from first-quarter highs. Commercial payments revenue of $254 million reflected continued strength in core treasury services and Newline. Capital markets fees of $154 million were led by client financial risk management and loan syndication activity. Commercial banking revenue of $125 million was driven by higher commercial lending-related activity and mortgage banking net revenue of $39 million declined on lower gains on loan sales.
4

| Noninterest Expense |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended | % Change |
|  | June | March | June |  |  |
|  | 2026 | 2026 | 2025 | Seq | Yr/Yr |
| Noninterest Expense |  |  |  |  |  |
| Compensation and benefits | $1,129 | $1,410 | $698 | (20)% | 62% |
| Technology and communications | 250 | 204 | 126 | 23% | 98% |
| Net occupancy expense | 154 | 140 | 83 | 10% | 86% |
| Card and processing expense | 66 | 79 | 22 | (16)% | 200% |
| Equipment expense | 60 | 55 | 41 | 9% | 46% |
| Loan and lease expense | 53 | 42 | 36 | 26% | 47% |
| Marketing expense | 65 | 50 | 43 | 30% | 51% |
| Other noninterest expense | 332 | 415 | 215 | (20)% | 54% |
| Total noninterest expense | $2,109 | $2,395 | $1,264 | (12)% | 67% |

Noninterest expense of $2.109 billion decreased 12% from the prior quarter and increased 67% from the year-ago quarter. The reported results reflect the impact of certain items in the table below.

| Noninterest Expense excluding certain item(s) |  |  |  |  |
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | June |  | March |  |  | June |  |  |  |  |
|  | 2026 |  | 2026 |  |  | 2025 |  |  | Seq |  | Yr/Yr |
| Noninterest Expense excluding certain item(s) |  |  |  |  |  |  |  |  |  |  |  |  |
| Noninterest expense (U.S. GAAP) | $2,109 |  |  | $2,395 |  |  | $1,264 |  |  |  |  |  |
| Merger-related charges | (203) |  |  | (635) |  |  | — |  |  |  |  |  |
| Technology-related asset impairments | (7) |  |  | — |  |  | — |  |  |  |  |  |
| Severance expense | (7) |  |  | — |  |  | (15) |  |  |  |  |  |
| Interchange litigation matters | (1) |  |  | — |  |  | — |  |  |  |  |  |
| Noninterest expense excluding certain item(s)(a) | $1,891 |  |  | $1,760 |  |  | $1,249 |  |  | 7% |  | 51% |
| Non-qualified deferred compensation (expense)/benefit | (30) |  |  | 9 |  |  | (16) |  |  |  |  |  |
| Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a) | $1,861 |  |  | $1,769 |  |  | $1,233 |  |  | 5% |  | 51% |

Noninterest expense excluding certain items and non-qualified deferred compensation of $1.861 billion increased 5% sequentially and 51% year-over-year. Sequential growth reflected the full-quarter contribution from Comerica, higher technology and communications expense tied to integration activity, and elevated marketing spend supporting the Comerica deposit campaign, partially offset by lower compensation and benefits.
Year-to-date merger-related charges represent approximately 65% of the expected full-year total, consistent with our integration timeline.
5

| Average Interest-Earning Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | June |  | March |  | June |  |  |  |  |
|  | 2026 |  | 2026 |  | 2025 |  | Seq |  | Yr/Yr |
| Average Portfolio Loans and Leases |  |  |  |  |  |  |  |  |  |  |  |  |
| Commercial loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial loans | $84,967 |  |  | $73,264 |  |  | $54,075 |  |  | 16% |  | 57% |
| Commercial mortgage loans | 27,176 |  |  | 21,969 |  |  | 12,410 |  |  | 24% |  | 119% |
| Commercial construction loans | 8,437 |  |  | 7,278 |  |  | 5,810 |  |  | 16% |  | 45% |
| Commercial leases | 3,503 |  |  | 3,347 |  |  | 3,120 |  |  | 5% |  | 12% |
| Total commercial loans and leases | $124,083 |  |  | $105,858 |  |  | $75,415 |  |  | 17% |  | 65% |
| Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |
| Residential mortgage loans | $19,626 |  |  | $18,848 |  |  | $17,615 |  |  | 4% |  | 11% |
| Home equity | 6,830 |  |  | 6,064 |  |  | 4,383 |  |  | 13% |  | 56% |
| Indirect secured consumer loans | 18,239 |  |  | 18,105 |  |  | 17,248 |  |  | 1% |  | 6% |
| Credit card | 1,646 |  |  | 1,659 |  |  | 1,659 |  |  | (1)% |  | (1)% |
| Solar energy installation loans | 4,384 |  |  | 4,516 |  |  | 4,268 |  |  | (3)% |  | 3% |
| Other consumer loans | 2,764 |  |  | 2,582 |  |  | 2,483 |  |  | 7% |  | 11% |
| Total consumer loans | $53,489 |  |  | $51,774 |  |  | $47,656 |  |  | 3% |  | 12% |
| Total average portfolio loans and leases | $177,572 |  |  | $157,632 |  |  | $123,071 |  |  | 13% |  | 44% |
| Average Loans and Leases Held for Sale |  |  |  |  |  |  |  |  |  |  |  |  |
| Commercial loans and leases held for sale | $399 |  |  | $85 |  |  | $45 |  |  | 369% |  | 787% |
| Consumer loans held for sale | 736 |  |  | 566 |  |  | 541 |  |  | 30% |  | 36% |
| Total average loans and leases held for sale | $1,135 |  |  | $651 |  |  | $586 |  |  | 74% |  | 94% |
| Total average loans and leases | $178,707 |  |  | $158,283 |  |  | $123,657 |  |  | 13% |  | 45% |
| Securities (taxable and tax-exempt) | $67,924 |  |  | $59,950 |  |  | $56,243 |  |  | 13% |  | 21% |
| Other short-term investments | 18,358 |  |  | 19,728 |  |  | 12,782 |  |  | (7)% |  | 44% |
| Total average interest-earning assets | $264,989 |  |  | $237,961 |  |  | $192,682 |  |  | 11% |  | 38% |

Total average portfolio loans and leases of $178 billion increased 13% sequentially and 44% year-over-year. Growth in both periods reflected the full-quarter contribution from Comerica, as well as underlying commercial loan momentum.
Within the total, average commercial portfolio loans and leases of $124 billion grew 17% sequentially and 65% year-over-year, while average consumer portfolio loans of $53 billion grew 3% sequentially and 12% year-over-year, primarily reflecting growth in residential mortgage and home equity balances.
Average securities (taxable and tax-exempt; amortized cost) of $68 billion increased 13% sequentially and 21% year-over-year, reflecting the addition of Comerica's securities portfolio and ongoing reinvestment activity. Average other short-term investments (including interest-bearing cash) of $18 billion decreased 7% sequentially and increased 44% year-over-year. The sequential decline primarily reflected the continued repositioning of the Comerica securities portfolio, seasonal deposit trends and loan growth.
6

| End of Period Interest-Earning Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) | As of |  |  | % Change |
|  | June |  | March |  | June |  |  |  |  |
|  | 2026 |  | 2026 |  | 2025 |  | Seq |  | Yr/Yr |
| End of Period Portfolio Loans and Leases |  |  |  |  |  |  |  |  |  |  |  |  |
| Total commercial loans and leases | $124,880 |  |  | $122,859 |  |  | $74,152 |  |  | 2% |  | 68% |
| Total consumer loans | 53,648 |  |  | 53,391 |  |  | 48,244 |  |  | — |  | 11% |
| Total portfolio loans and leases | $178,528 |  |  | $176,250 |  |  | $122,396 |  |  | 1% |  | 46% |
| End of Period Loans and Leases Held for Sale |  |  |  |  |  |  |  |  |  |  |  |  |
| Total loans and leases held for sale | $866 |  |  | $1,365 |  |  | $646 |  |  | (37)% |  | 34% |
| Total loans and leases | $179,394 |  |  | $177,615 |  |  | $123,042 |  |  | 1% |  | 46% |
| Securities (taxable and tax-exempt) | $68,332 |  |  | $67,823 |  |  | $55,109 |  |  | 1% |  | 24% |
| Other short-term investments | 19,350 |  |  | 17,456 |  |  | 13,043 |  |  | 11% |  | 48% |
| Total interest-earning assets | $267,076 |  |  | $262,894 |  |  | $191,194 |  |  | 2% |  | 40% |

Period-end commercial portfolio loans and leases of $125 billion increased 2% sequentially and 68% year-over-year. Sequential growth was led by C&I, reflecting strong origination activity across corporate banking and middle market, partially offset by elevated payoffs.
Period-end consumer portfolio loans of $54 billion were flat sequentially and increased 11% year-over-year. Sequentially, continued momentum in home equity and growth in residential mortgage were offset by declines in indirect secured consumer and solar energy installation balances.
Total period-end securities (taxable and tax-exempt; amortized cost) of $68 billion increased 1% sequentially and 24% year-over-year. Period-end other short-term investments of $19 billion increased 11% sequentially and increased 48% year-over-year. The sequential increase primarily reflects the reversal of seasonal deposit trends experienced earlier in the quarter.

Average Deposits |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | June |  | March |  | June |  |  |  |  |
|  | 2026 |  | 2026 |  | 2025 |  | Seq |  | Yr/Yr |
| Average Deposits |  |  |  |  |  |  |  |  |  |  |  |  |
| Demand | $63,976 |  |  | $55,770 |  |  | $40,885 |  |  | 15% |  | 56% |
| Interest checking | 70,507 |  |  | 67,369 |  |  | 56,738 |  |  | 5% |  | 24% |
| Savings | 18,430 |  |  | 17,546 |  |  | 16,962 |  |  | 5% |  | 9% |
| Money market | 63,200 |  |  | 54,219 |  |  | 36,296 |  |  | 17% |  | 74% |
| Total transaction deposits | $216,113 |  |  | $194,904 |  |  | $150,881 |  |  | 11% |  | 43% |
| CDs $250,000 or less | 12,403 |  |  | 11,641 |  |  | 10,494 |  |  | 7% |  | 18% |
| Total core deposits | $228,516 |  |  | $206,545 |  |  | $161,375 |  |  | 11% |  | 42% |
| CDs over $250,000 1 | 2,990 |  |  | 2,807 |  |  | 2,200 |  |  | 7% |  | 36% |
| Total average deposits | $231,506 |  |  | $209,352 |  |  | $163,575 |  |  | 11% |  | 42% |
| 1 CDs over $250,000 includes $0.1BN, $0.4BN, and $1.1BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6/30/26, 3/31/26, and 6/30/25, respectively. |

Total average deposits of $232 billion increased 11% sequentially and 42% year-over-year. Period-end total deposits of $234 billion were flat sequentially and up 43% year-over-year.
Period-end consumer deposits grew $4.6 billion in the quarter, supported by outperformance from the Comerica retail deposit campaign, and were largely offset by the intentional reduction of higher-cost, non-relationship commercial deposits. This mix shift is consistent with the strategy to increase granular consumer deposits.
7

The period-end portfolio loan-to-core deposit ratio was 77%, compared to 76% in both the prior and year-ago quarters, reflecting balanced growth in loans and deposits.

Average Wholesale Funding |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | June |  | March |  | June |  |  |  |  |
|  | 2026 |  | 2026 |  | 2025 |  | Seq |  | Yr/Yr |
| Average Wholesale Funding |  |  |  |  |  |  |  |  |  |  |  |  |
| CDs over $250,000 1 | $2,990 |  |  | $2,807 |  |  | $2,200 |  |  | 7% |  | 36% |
| Federal funds purchased | 160 |  |  | 178 |  |  | 206 |  |  | (10)% |  | (22)% |
| Securities sold under repurchase agreements | 444 |  |  | 322 |  |  | 353 |  |  | 38% |  | 26% |
| FHLB advances | 3,437 |  |  | 99 |  |  | 4,976 |  |  | NM |  | (31)% |
| Derivative collateral and other secured borrowings | 64 |  |  | 83 |  |  | 89 |  |  | (23)% |  | (28)% |
| Long-term debt | 18,817 |  |  | 18,062 |  |  | 14,599 |  |  | 4% |  | 29% |
| Total average wholesale funding | $25,912 |  |  | $21,551 |  |  | $22,423 |  |  | 20% |  | 16% |
| 1 CDs over $250,000 includes $0.1BN, $0.4BN, and $1.1BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6/30/26, 3/31/26, and 6/30/25, respectively. |

Average wholesale funding of $26 billion increased 20% sequentially, driven primarily by a $3.3 billion increase in short-term FHLB advances used to bridge the seasonal trough in commercial deposit balances.
Compared to the year-ago quarter, average wholesale funding increased 16%, driven by a $4.2 billion increase in long-term debt associated with the Comerica acquisition, partially offset by a $1.5 billion decline in FHLB advances as strong deposit growth reduced the reliance on wholesale funding.
8

Credit Quality Summary |  |  |  |  |  |  |  |  |  |  |  |  |  |
($ in millions) | As of and For the Three Months Ended
| June |  | March |  | December |  | September |  | June
| 2026 |  | 2026 |  | 2025 |  | 2025 |  | 2025
Total nonaccrual portfolio loans and leases (NPLs) | $1,041 |  |  | $960 |  |  | $767 |  |  | $768 |  |  | $853 |
Repossessed property | 10 |  |  | 11 |  |  | 11 |  |  | 12 |  |  | 8 |
OREO | 24 |  |  | 28 |  |  | 19 |  |  | 21 |  |  | 25 |
Total nonperforming portfolio loans and leases and OREO (NPAs) | $1,075 |  |  | $999 |  |  | $797 |  |  | $801 |  |  | $886 |
NPL ratio(f) | 0.58 | % |  |  | 0.54 | % |  |  | 0.62 | % |  |  | 0.62 | % |  |  | 0.70 | % |
NPA ratio(c) | 0.60 | % |  |  | 0.57 | % |  |  | 0.65 | % |  |  | 0.65 | % |  |  | 0.72 | % |
Portfolio loans and leases 30-89 days past due (accrual) | $561 |  |  | $683 |  |  | $360 |  |  | $348 |  |  | $277 |
Portfolio loans and leases 90 days past due (accrual) | 33 |  |  | 49 |  |  | 30 |  |  | 29 |  |  | 34 |
30-89 days past due as a % of portfolio loans and leases | 0.31 | % |  |  | 0.39 | % |  |  | 0.29 | % |  |  | 0.28 | % |  |  | 0.23 | % |
90 days past due as a % of portfolio loans and leases | 0.02 | % |  |  | 0.03 | % |  |  | 0.02 | % |  |  | 0.02 | % |  |  | 0.03 | % |
Allowance for loan and lease losses (ALLL), beginning | $2,922 |  |  | $2,253 |  |  | $2,265 |  |  | $2,412 |  |  | $2,384 |
Total net losses charged-off | (135) |  |  | (144) |  |  | (125) |  |  | (339) |  |  | (139) |
Provision for loan and lease losses | 131 |  |  | 152 |  |  | 113 |  |  | 192 |  |  | 167 |
Allowance on PCD loans and leases at acquisition | (1) |  |  | 180 |  |  | — |  |  | — |  |  | — |
Allowance on PSLs at acquisition | 1 |  |  | 481 |  |  | — |  |  | — |  |  | — |
ALLL, ending | $2,918 |  |  | $2,922 |  |  | $2,253 |  |  | $2,265 |  |  | $2,412 |
Reserve for unfunded commitments, beginning | $232 |  |  | $157 |  |  | $151 |  |  | $146 |  |  | $140 |
(Benefit from) provision for the reserve for unfunded commitments | (2) |  |  | 75 |  |  | 6 |  |  | 5 |  |  | 6 |
Reserve for unfunded commitments, ending | $230 |  |  | $232 |  |  | $157 |  |  | $151 |  |  | $146 |
Total allowance for credit losses (ACL) | $3,148 |  |  | $3,154 |  |  | $2,410 |  |  | $2,416 |  |  | $2,558 |
ACL ratios: |  |  |  |  |  |  |  |  |  |  |  |  |  |
As a % of portfolio loans and leases | 1.76 | % |  |  | 1.79 | % |  |  | 1.96 | % |  |  | 1.96 | % |  |  | 2.09 | % |
As a % of nonperforming portfolio loans and leases | 303 | % |  |  | 328 | % |  |  | 314 | % |  |  | 314 | % |  |  | 300 | % |
As a % of nonperforming portfolio assets | 293 | % |  |  | 316 | % |  |  | 302 | % |  |  | 302 | % |  |  | 289 | % |
ALLL as a % of portfolio loans and leases | 1.63 | % |  |  | 1.66 | % |  |  | 1.84 | % |  |  | 1.84 | % |  |  | 1.97 | % |
Total losses charged-off | $(181) |  |  | $(187) |  |  | $(177) |  |  | $(382) |  |  | $(194) |
Total recoveries of losses previously charged-off | 46 |  |  | 43 |  |  | 52 |  |  | 43 |  |  | 55 |
Total net losses charged-off 1 | $(135) |  |  | $(144) |  |  | $(125) |  |  | $(339) |  |  | $(139) |
Net charge-off ratio (NCO ratio)(b)1 | 0.30 | % |  |  | 0.37 | % |  |  | 0.40 | % |  |  | 1.09 | % |  |  | 0.45 | % |
Commercial NCO ratio | 0.21 | % |  |  | 0.26 | % |  |  | 0.27 | % |  |  | 1.46 | % |  |  | 0.38 | % |
Consumer NCO ratio | 0.53 | % |  |  | 0.58 | % |  |  | 0.59 | % |  |  | 0.52 | % |  |  | 0.56 | % |
1 Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition. |  |  |  |  |  |  |  |

The provision for credit losses totaled $129 million in the current quarter, down from $227 million in the prior quarter, which included an $83 million Day 1 allowance build associated with the Comerica acquisition. The ACL ratio was 1.76% of total portfolio loans and leases at quarter end, down 3 bps sequentially and 33 bps year-over-year, primarily reflecting the addition of Comerica's portfolio mix and continued strong credit performance. The ACL coverage ratio remained strong at 303% of nonperforming portfolio loans and leases and 293% of nonperforming portfolio assets.
9

Net charge-offs totaled $135 million, and the NCO ratio improved 7 bps sequentially to 0.30%, the lowest level since the second quarter of 2023. Commercial net charge-offs of $64 million represented a commercial NCO ratio of 0.21%, down 5 bps sequentially, while consumer net charge-offs of $71 million equated to a consumer NCO ratio of 0.53%, also down 5 bps from the prior quarter.
Compared to the year-ago quarter, the NCO ratio improved 15 bps, with the commercial NCO ratio down 17 bps and the consumer NCO ratio down 3 bps.
Nonperforming portfolio loans and leases totaled $1.041 billion, representing an NPL ratio of 0.58%, compared to 0.54% in the prior quarter and 0.70% in the year-ago quarter. Nonperforming portfolio assets totaled $1.075 billion, an NPA ratio of 0.60%, compared to 0.57% in the prior quarter and 0.72% in the year-ago quarter. The sequential increase reflected modest growth in consumer and commercial NPAs.

| Capital Position |  |  |  |  |  |  |
|  |  |  | As of and For the Three Months Ended
|  |  |  | June | March | December | September | June
|  |  |  | 2026 | 2026 | 2025 | 2025 | 2025 |
| Capital Position |  |  |  |  |  |  |
| Average total Bancorp shareholders' equity as a % of average assets |  | 11.50 | % | 11.34 | % | 10.11 | % | 10.02 | % | 9.82 | % |
| Tangible equity(a) |  | 9.04 | % | 9.01 | % | 9.28 | % | 9.12 | % | 9.39 | % |
| Tangible common equity (excluding AOCI)(a) |  | 8.30 | % | 8.26 | % | 8.46 | % | 8.29 | % | 8.38 | % |
| Tangible common equity (including AOCI)(a) |  | 7.27 | % | 7.25 | % | 7.14 | % | 6.89 | % | 6.84 | % |
| Regulatory Capital Ratios(d) |  |  |  |  |  |  |
| CET1 capital |  | 9.93 | % | 9.89 | % | 10.81 | % | 10.57 | % | 10.58 | % |
| Tier 1 risk-based capital |  | 10.81 | % | 10.79 | % | 11.87 | % | 11.63 | % | 11.85 | % |
| Total risk-based capital |  | 12.50 | % | 12.50 | % | 13.78 | % | 13.54 | % | 13.77 | % |
| Leverage |  | 9.20 | % | 10.22 | % | 9.41 | % | 9.24 | % | 9.42 | % |

Fifth Third maintained a strong capital position. CET1 capital ratio increased 4 bps sequentially to 9.93%, as stronger capital generation was partially offset by risk-weighted asset growth. The year-to-date decrease in CET1 reflects the capital impacts from the Comerica acquisition and $933 million of pre-tax merger related impacts. There was no share repurchase activity in the first half of 2026.
10

Tax Rate
The effective tax rate for the quarter was 22.7% compared with 20.1% in the prior quarter and 22.2% in the year-ago quarter.
Conference Call
Fifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Us” then “Investor Relations”). Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address, which will be available for 30 days.
Corporate Profile
Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is to be the one bank people most value and trust.
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the New York Stock Exchange under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.
Earnings Release End Notes
(a)Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 27.
(b)Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis.
(c)Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO.
(d)Current period regulatory capital ratios are estimated.
(e)Assumes a 24% tax rate.
(f)Nonperforming portfolio loans and leases as a percent of portfolio loans and leases.
11

FORWARD-LOOKING STATEMENTS
This release 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 3b-6 promulgated thereunder. All statements other than statements of historical fact are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission (“SEC”).
There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) any instability or disruption in the financial system, including those caused by actual or perceived issues affecting the soundness of other financial institutions or market participants; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements, including the use of artificial intelligence; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments; and (46) risks relating to the merger with Comerica Incorporated, including Fifth Third’s inability to realize the anticipated benefits of the merger and potential disruption to Fifth Third’s business resulting from post-merger integration.
You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information contained herein is intended to be reviewed in its totality, and any stipulations, conditions or provisos that apply to a given piece of information in one part of this press release should be read as applying mutatis mutandis to every other instance of such information appearing herein.
# # #
12

Quarterly Financial Review for June 30, 2026
Table of Contents

| Financial Highlights | 14-15 |
| Consolidated Statements of Income | 16-17 |
| Consolidated Balance Sheets | 18-19 |
| Consolidated Statements of Changes in Equity | 20 |
| Average Balance Sheets and Yield/Rate Analysis | 21-22 |
| Summary of Loans and Leases | 23 |
| Regulatory Capital | 24 |
| Summary of Credit Loss Experience | 25 |
| Asset Quality | 26 |
| Non-GAAP Reconciliation | 27-29 |
| Segment Presentation | 30 |

13

Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |  |  |
Financial Highlights | As of and For the Three Months Ended | % / bps |  |  | % / bps
$ in millions, except per share data | Change | Year to Date | Change
(unaudited) | June | March | June |  |  | June | June |
|  | 2026 | 2026 | 2025 | Seq | Yr/Yr | 2026 | 2025 | Yr/Yr
Income Statement Data |  |  |  |  |  |  |  |
Net interest income | $2,215 | $1,934 | $1,495 | 15% | 48% | $4,149 | $2,932 | 42%
Net interest income (FTE)(a) | 2,220 | 1,939 | 1,500 | 14% | 48% | 4,159 | 2,942 | 41%
Noninterest income | 1,059 | 895 | 750 | 18% | 41% | 1,954 | 1,444 | 35%
| Total revenue (FTE)(a) | 3,279 | 2,834 | 2,250 | 16% | 46% | 6,113 | 4,386 | 39%
Provision for credit losses | 129 | 227 | 173 | (43%) | (25%) | 356 | 347 | 3%
Noninterest expense | 2,109 | 2,395 | 1,264 | (12%) | 67% | 4,504 | 2,568 | 75%
Net income | 801 | 165 | 628 | 385% | 28% | 966 | 1,142 | (15%)
Net income available to common shareholders | 763 | 128 | 591 | 496% | 29% | 891 | 1,069 | (17%)
Earnings Per Share Data |  |  |  |  |  |  |  |
Net income allocated to common shareholders | $763 | $128 | $591 | 496% | 29% | $891 | $1,069 | (17%)
Average common shares outstanding (in thousands): |  |  |  |  |  |  |  |
| Basic | 911,613 | 825,119 | 670,787 | 10% | 36% | 868,605 | 670,919 | 29%
| Diluted | 915,959 | 830,274 | 674,034 | 10% | 36% | 873,353 | 675,032 | 29%
Earnings per share, basic | $0.84 | $0.16 | $0.88 | 425% | (5%) | $1.03 | $1.59 | (35%)
Earnings per share, diluted | 0.83 | 0.15 | 0.88 | 453% | (6%) | 1.02 | 1.58 | (35%)
Common Share Data |  |  |  |  |  |  |  |
Cash dividends per common share | $0.40 | $0.40 | $0.37 | — | 8% | $0.80 | $0.74 | 8%
Book value per share | 35.56 | 35.24 | 28.47 | 1% | 25% | 35.56 | 28.47 | 25%
Market value per share | 56.37 | 46.46 | 41.13 | 21% | 37% | 56.37 | 41.13 | 37%
Common shares outstanding (in thousands) | 906,573 | 905,823 | 667,710 | — | 36% | 906,573 | 667,710 | 36%
Market capitalization | $51,103 | $42,085 | $27,463 | 21% | 86% | $51,103 | $27,463 | 86%
Financial Ratios |  |  |  |  |  |  |  |
Return on average assets | 1.08 | % | 0.25 | % | 1.20 | % | 83 | (12) | 0.69 | % | 1.09 | % | (40)
Return on average common equity | 9.5 | % | 1.8 | % | 12.8 | % | 770 | (330) | 6.0 | % | 11.8 | % | (580)
Return on average tangible common equity(a) | 15.6 | % | 3.5 | % | 17.6 | % | NM | (200) | 10.0 | % | 16.5 | % | (650)
Noninterest income as a percent of total revenue(a) | 32 | % | 32 | % | 33 | % | — | (100) | 32 | % | 33 | % | (100)
Dividend payout | 47.6 | % | 250.0 | % | 42.0 | % | NM | NM | 77.7 | % | 46.5 | % | NM
Average total Bancorp shareholders’ equity as a percent of average assets | 11.50 | % | 11.34 | % | 9.82 | % | 16 | 168 | 11.42 | % | 9.66 | % | 176
Tangible common equity(a) | 8.30 | % | 8.26 | % | 8.38 | % | 4 | (8) | 8.30 | % | 8.38 | % | (8)
Net interest margin (FTE)(a) | 3.36 | % | 3.30 | % | 3.12 | % | 6 | 24 | 3.33 | % | 3.08 | % | 25
Efficiency (FTE)(a) | 64.3 | % | 84.5 | % | 56.2 | % | NM | 810 | 73.7 | % | 58.6 | % | NM
Effective tax rate | 22.7 | % | 20.1 | % | 22.2 | % | 260 | 50 | 22.3 | % | 21.8 | % | 50
Credit Quality |  |  |  |  |  |  |  |
Net losses charged-off(h) | $135 | $144 | $139 | (6 | %) | (3 | %) | $279 | $276 | 1 | %
Net losses charged-off as a percent of average portfolio loans and leases (annualized) | 0.30 | % | 0.37 | % | 0.45 | % | (7) | (15) | 0.33 | % | 0.45 | % | (12)
ALLL as a percent of portfolio loans and leases | 1.63 | % | 1.66 | % | 1.97 | % | (3) | (34) | 1.63 | % | 1.97 | % | (34)
ACL as a percent of portfolio loans and leases(f) | 1.76 | % | 1.79 | % | 2.09 | % | (3) | (33) | 1.76 | % | 2.09 | % | (33)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO | 0.60 | % | 0.57 | % | 0.72 | % | 3 | (12) | 0.60 | % | 0.72 | % | (12)
Average Balances |  |  |  |  |  |  |  |
Loans and leases, including held for sale | $178,707 | $158,283 | $123,657 | 13% | 45% | $168,552 | $122,716 | 37%
Securities and other short-term investments | 86,282 | 79,678 | 69,025 | 8% | 25% | 82,998 | 70,029 | 19%
Assets | 297,947 | 265,551 | 210,554 | 12% | 42% | 281,839 | 210,556 | 34%
Transaction deposits(b) | 216,113 | 194,904 | 150,881 | 11% | 43% | 205,567 | 151,153 | 36%
Core deposits(c) | 228,516 | 206,545 | 161,375 | 11% | 42% | 217,591 | 161,591 | 35%
Wholesale funding(d) | 25,912 | 21,551 | 22,423 | 20% | 16% | 23,744 | 22,343 | 6%
Bancorp shareholders' equity | 34,260 | 30,108 | 20,670 | 14% | 66% | 32,195 | 20,337 | 58%
Regulatory Capital Ratios(e) |  |  |  |  |  |  |  |
CET1 capital | 9.93 | % | 9.89 | % | 10.58 | % | 4 | (65) | 9.93 | % | 10.58 | % | (65)
Tier 1 risk-based capital | 10.81 | % | 10.79 | % | 11.85 | % | 2 | (104) | 10.81 | % | 11.85 | % | (104)
Total risk-based capital | 12.50 | % | 12.50 | % | 13.77 | % | — | (127) | 12.50 | % | 13.77 | % | (127)
Leverage | 9.20 | % | 10.22 | % | 9.42 | % | (102) | (22) | 9.20 | % | 9.42 | % | (22)
Additional Metrics |  |  |  |  |  |  |  |
Banking centers | 1,500 | 1,489 | 1,089 | 1% | 38% | 1,500 | 1,089 | 38%
ATMs | 2,648 | 2,643 | 2,170 | — | 22% | 2,648 | 2,170 | 22%
Full-time equivalent employees | 25,196 | 25,980 | 18,690 | (3%) | 35% | 25,196 | 18,690 | 35%
Assets under care ($ in billions)(g) | $902 | $865 | $657 | 4% | 37% | $902 | $657 | 37%
Assets under management ($ in billions)(g) | 128 | 119 | 73 | 8% | 75% | 128 | 73 | 75%

(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.
(b)Includes demand, interest checking, savings and money market deposits..
(c)Includes transaction deposits plus CDs $250,000 or less.
(d)Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.
(e)Current period regulatory capital ratios are estimates.
(f)The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.
(g)Assets under management and assets under care include trust and brokerage assets.
(h)Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition.
14

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Financial Highlights |  |  |  |  |
$ in millions, except per share data | As of and For the Three Months Ended
(unaudited) | June | March | December | September | June
|  | 2026 | 2026 | 2025 | 2025 | 2025
Income Statement Data |  |  |  |  |
Net interest income | $2,215 | $1,934 | $1,529 | $1,520 | $1,495
Net interest income (FTE)(a) | 2,220 | 1,939 | 1,533 | 1,525 | 1,500
Noninterest income | 1,059 | 895 | 811 | 781 | 750
| Total revenue (FTE)(a) | 3,279 | 2,834 | 2,344 | 2,306 | 2,250
Provision for credit losses | 129 | 227 | 119 | 197 | 173
Noninterest expense | 2,109 | 2,395 | 1,309 | 1,267 | 1,264
Net income | 801 | 165 | 731 | 649 | 628
Net income available to common shareholders | 763 | 128 | 699 | 608 | 591
Earnings Per Share Data |  |  |  |  |
Net income allocated to common shareholders | $763 | $128 | $699 | $608 | $591
Average common shares outstanding (in thousands): |  |  |  |  |
| Basic | 911,613 | 825,119 | 664,384 | 666,427 | 670,787
| Diluted | 915,959 | 830,274 | 669,153 | 670,878 | 674,034
Earnings per share, basic | $0.84 | $0.16 | $1.05 | $0.91 | $0.88
Earnings per share, diluted | 0.83 | 0.15 | 1.04 | 0.91 | 0.88
Common Share Data |  |  |  |  |
Cash dividends per common share | $0.40 | $0.40 | $0.40 | $0.40 | $0.37
Book value per share | 35.56 | 35.24 | 30.18 | 29.26 | 28.47
Market value per share | 56.37 | 46.46 | 46.81 | 44.55 | 41.13
Common shares outstanding (in thousands) | 906,573 | 905,823 | 661,198 | 660,973 | 667,710
Market capitalization | $51,103 | $42,085 | $30,951 | $29,446 | $27,463
Financial Ratios |  |  |  |  |
Return on average assets | 1.08 | % | 0.25 | % | 1.36 | % | 1.21 | % | 1.20 | %
Return on average common equity | 9.5 | % | 1.8 | % | 14.0 | % | 12.6 | % | 12.8 | %
Return on average tangible common equity(a) | 15.6 | % | 3.5 | % | 19.0 | % | 17.3 | % | 17.6 | %
Noninterest income as a percent of total revenue(a) | 32 | % | 32 | % | 35 | % | 34 | % | 33 | %
Dividend payout | 47.6 | % | 250.0 | % | 38.1 | % | 44.0 | % | 42.0 | %
Average total Bancorp shareholders’ equity as a percent of average assets | 11.50 | % | 11.34 | % | 10.11 | % | 10.02 | % | 9.82 | %
Tangible common equity(a) | 8.30 | % | 8.26 | % | 8.46 | % | 8.29 | % | 8.38 | %
Net interest margin (FTE)(a) | 3.36 | % | 3.30 | % | 3.13 | % | 3.13 | % | 3.12 | %
Efficiency (FTE)(a) | 64.3 | % | 84.5 | % | 55.8 | % | 54.9 | % | 56.2 | %
Effective tax rate | 22.7 | % | 20.1 | % | 19.8 | % | 22.6 | % | 22.2 | %
Credit Quality |  |  |  |  |
Net losses charged-off(h) | $135 | $144 | $125 | $339 | $139
Net losses charged-off as a percent of average portfolio loans and leases (annualized) | 0.30 | % | 0.37 | % | 0.40 | % | 1.09 | % | 0.45 | %
ALLL as a percent of portfolio loans and leases | 1.63 | % | 1.66 | % | 1.84 | % | 1.84 | % | 1.97 | %
ACL as a percent of portfolio loans and leases(f) | 1.76 | % | 1.79 | % | 1.96 | % | 1.96 | % | 2.09 | %
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO | 0.60 | % | 0.57 | % | 0.65 | % | 0.65 | % | 0.72 | %
Average Balances |  |  |  |  |
Loans and leases, including held for sale | $178,707 | $158,283 | $124,147 | $123,993 | $123,657
Securities and other short-term investments | 86,282 | 79,678 | 69,997 | 69,507 | 69,025
Assets | 297,947 | 265,551 | 213,021 | 211,770 | 210,554
Transaction deposits(b) | 216,113 | 194,904 | 155,895 | 151,669 | 150,881
Core deposits(c) | 228,516 | 206,545 | 166,436 | 162,510 | 161,375
Wholesale funding(d) | 25,912 | 21,551 | 18,853 | 21,821 | 22,423
Bancorp shareholders’ equity | 34,260 | 30,108 | 21,527 | 21,216 | 20,670
Regulatory Capital Ratios(e) |  |  |  |  |
CET1 capital | 9.93 | % | 9.89 | % | 10.81 | % | 10.57 | % | 10.58 | %
Tier 1 risk-based capital | 10.81 | % | 10.79 | % | 11.87 | % | 11.63 | % | 11.85 | %
Total risk-based capital | 12.50 | % | 12.50 | % | 13.78 | % | 13.54 | % | 13.77 | %
Leverage | 9.20 | % | 10.22 | % | 9.41 | % | 9.24 | % | 9.42 | %
Additional Metrics |  |  |  |  |
Banking centers | 1,500 | 1,489 | 1,130 | 1,102 | 1,089
ATMs | 2,648 | 2,643 | 2,199 | 2,184 | 2,170
Full-time equivalent employees | 25,196 | 25,980 | 18,676 | 18,476 | 18,690
Assets under care ($ in billions)(g) | $902 | $865 | $690 | $681 | $657
Assets under management ($ in billions)(g) | 128 | 119 | 80 | 77 | 73

(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.
(b)Includes demand, interest checking, savings and money market deposits.
(c)Includes transaction deposits plus CDs $250,000 or less.
(d)Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.
(e)Current period regulatory capital ratios are estimates.
(f)The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.
(g)Assets under management and assets under care include trust and brokerage assets.
(h)Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition.
15

Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |  |  |
Consolidated Statements of Income |  |  |  |  |  |  |  |
$ in millions | For the Three Months Ended | % Change | Year to Date | % Change
(unaudited) | June | March | June |  |  | June | June |
| 2026 | 2026 | 2025 | Seq | Yr/Yr | 2026 | 2025 | Yr/Yr
Interest Income |  |  |  |  |  |  |  |
Interest and fees on loans and leases | $2,607 | $2,293 | $1,881 | 14% | 39% | $4,900 | $3,696 | 33%
Interest on securities | 598 | 501 | 458 | 19% | 31% | 1,099 | 910 | 21%
Interest on other short-term investments | 167 | 178 | 145 | (6%) | 15% | 345 | 311 | 11%
Total interest income | 3,372 | 2,972 | 2,484 | 13% | 36% | 6,344 | 4,917 | 29%
Interest Expense |  |  |  |  |  |  |  |
Interest on deposits | 891 | 813 | 732 | 10% | 22% | 1,705 | 1,476 | 16%
Interest on short-term borrowings | 38 | 5 | 61 | 660% | (38%) | 43 | 119 | (64%)
Interest on long-term debt | 228 | 220 | 196 | 4% | 16% | 447 | 390 | 15%
Total interest expense | 1,157 | 1,038 | 989 | 11% | 17% | 2,195 | 1,985 | 11%
Net Interest Income | 2,215 | 1,934 | 1,495 | 15% | 48% | 4,149 | 2,932 | 42%
Provision for credit losses | 129 | 227 | 173 | (43%) | (25%) | 356 | 347 | 3%
Net Interest Income After Provision for Credit Losses | 2,086 | 1,707 | 1,322 | 22% | 58% | 3,793 | 2,585 | 47%
Noninterest Income |  |  |  |  |  |  |  |
Wealth and asset management revenue | 256 | 233 | 166 | 10% | 54% | 489 | 338 | 45%
Commercial payments revenue | 254 | 218 | 152 | 17% | 67% | 472 | 305 | 55%
Consumer banking revenue | 161 | 146 | 147 | 10% | 10% | 307 | 284 | 8%
Capital markets fees | 154 | 134 | 90 | 15% | 71% | 287 | 179 | 60%
Commercial banking revenue | 125 | 105 | 79 | 19% | 58% | 230 | 160 | 44%
Mortgage banking net revenue | 39 | 44 | 56 | (11%) | (30%) | 83 | 113 | (27%)
Other noninterest income | 50 | 27 | 44 | 85% | 14% | 78 | 58 | 34%
Securities gains (losses), net | 20 | (12) | 16 | NM | 25% | 8 | 7 | 14%
Total noninterest income | 1,059 | 895 | 750 | 18% | 41% | 1,954 | 1,444 | 35%
Noninterest Expense |  |  |  |  |  |  |  |
Compensation and benefits | 1,129 | 1,410 | 698 | (20%) | 62% | 2,539 | 1,447 | 75%
Technology and communications | 250 | 204 | 126 | 23% | 98% | 453 | 250 | 81%
Net occupancy expense | 154 | 140 | 83 | 10% | 86% | 295 | 171 | 73%
Card and processing expense | 66 | 79 | 22 | (16%) | 200% | 144 | 43 | 235%
Equipment expense | 60 | 55 | 41 | 9% | 46% | 115 | 82 | 40%
Loan and lease expense | 53 | 42 | 36 | 26% | 47% | 95 | 66 | 44%
Marketing expense | 65 | 50 | 43 | 30% | 51% | 114 | 71 | 61%
Other noninterest expense | 332 | 415 | 215 | (20%) | 54% | 749 | 438 | 71%
Total noninterest expense | 2,109 | 2,395 | 1,264 | (12%) | 67% | 4,504 | 2,568 | 75%
Income Before Income Taxes | 1,036 | 207 | 808 | 400% | 28% | 1,243 | 1,461 | (15%)
Applicable income tax expense | 235 | 42 | 180 | 460% | 31% | 277 | 319 | (13%)
Net Income | 801 | 165 | 628 | 385% | 28% | 966 | 1,142 | (15%)
Dividends on preferred stock | 38 | 37 | 37 | 3% | 3% | 75 | 73 | 3%
Net Income Available to Common Shareholders | $763 | $128 | $591 | 496% | 29% | $891 | $1,069 | (17%)

16

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Consolidated Statements of Income |  |  |  |  |
$ in millions | For the Three Months Ended
(unaudited) | June | March | December | September | June
| 2026 | 2026 | 2025 | 2025 | 2025
Interest Income |  |  |  |  |
Interest and fees on loans and leases | $2,607 | $2,293 | $1,862 | $1,909 | $1,881
Interest on securities | 598 | 501 | 431 | 444 | 458
Interest on other short-term investments | 167 | 178 | 175 | 166 | 145
Total interest income | 3,372 | 2,972 | 2,468 | 2,519 | 2,484
Interest Expense |  |  |  |  |
Interest on deposits | 891 | 813 | 726 | 750 | 732
Interest on short-term borrowings | 38 | 5 | 34 | 61 | 61
Interest on long-term debt | 228 | 220 | 179 | 188 | 196
Total interest expense | 1,157 | 1,038 | 939 | 999 | 989
Net Interest Income | 2,215 | 1,934 | 1,529 | 1,520 | 1,495
Provision for credit losses | 129 | 227 | 119 | 197 | 173
Net Interest Income After Provision for Credit Losses | 2,086 | 1,707 | 1,410 | 1,323 | 1,322
Noninterest Income |  |  |  |  |
Wealth and asset management revenue | 256 | 233 | 185 | 181 | 166
Commercial payments revenue | 254 | 218 | 167 | 157 | 152
Consumer banking revenue | 161 | 146 | 143 | 144 | 147
Capital markets fees | 154 | 134 | 121 | 115 | 90
Commercial banking revenue | 125 | 105 | 102 | 87 | 79
Mortgage banking net revenue | 39 | 44 | 56 | 58 | 56
Other noninterest income | 50 | 27 | 42 | 29 | 44
Securities gains (losses), net | 20 | (12) | (5) | 10 | 16
Total noninterest income | 1,059 | 895 | 811 | 781 | 750
Noninterest Expense |  |  |  |  |
Compensation and benefits | 1,129 | 1,410 | 683 | 685 | 698
Technology and communications | 250 | 204 | 138 | 128 | 126
Net occupancy expense | 154 | 140 | 89 | 89 | 83
Card and processing expense | 66 | 79 | 27 | 22 | 22
Equipment expense | 60 | 55 | 43 | 44 | 41
Loan and lease expense | 53 | 42 | 41 | 39 | 36
Marketing expense | 65 | 50 | 37 | 34 | 43
Other noninterest expense | 332 | 415 | 251 | 226 | 215
Total noninterest expense | 2,109 | 2,395 | 1,309 | 1,267 | 1,264
Income Before Income Taxes | 1,036 | 207 | 912 | 837 | 808
Applicable income tax expense | 235 | 42 | 181 | 188 | 180
Net Income | 801 | 165 | 731 | 649 | 628
Dividends on preferred stock | 38 | 37 | 32 | 41 | 37
Net Income Available to Common Shareholders | $763 | $128 | $699 | $608 | $591

17

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Consolidated Balance Sheets |  |  |  |  |
$ in millions, except per share data | As of | % Change
(unaudited) | June | March | June |  |
| 2026 | 2026 | 2025 | Seq | Yr/Yr
Assets |  |  |  |  |
Cash and due from banks | $4,374 | $4,084 | $2,972 | 7% | 47%
Other short-term investments | 19,350 | 17,456 | 13,043 | 11% | 48%
Available-for-sale debt and other securities(a) | 44,466 | 46,161 | 38,270 | (4%) | 16%
Held-to-maturity securities(b) | 18,404 | 16,389 | 11,630 | 12% | 58%
Trading debt securities | 1,853 | 1,669 | 1,324 | 11% | 40%
Equity securities | 495 | 544 | 404 | (9%) | 23%
Loans and leases held for sale | 866 | 1,365 | 646 | (37%) | 34%
Portfolio loans and leases: |  |  |  |  |
Commercial and industrial loans | 85,736 | 83,864 | 53,312 | 2% | 61%
Commercial mortgage loans | 27,196 | 27,143 | 12,112 | — | 125%
Commercial construction loans | 8,459 | 8,329 | 5,551 | 2% | 52%
Commercial leases | 3,489 | 3,523 | 3,177 | (1%) | 10%
Total commercial loans and leases | 124,880 | 122,859 | 74,152 | 2% | 68%
Residential mortgage loans | 19,713 | 19,507 | 17,681 | 1% | 11%
Home equity | 6,929 | 6,735 | 4,485 | 3% | 54%
Indirect secured consumer loans | 18,186 | 18,296 | 17,591 | (1%) | 3%
Credit card | 1,683 | 1,658 | 1,707 | 2% | (1%)
Solar energy installation loans | 4,314 | 4,465 | 4,316 | (3%) | —
Other consumer loans | 2,823 | 2,730 | 2,464 | 3% | 15%
Total consumer loans | 53,648 | 53,391 | 48,244 | — | 11%
Portfolio loans and leases | 178,528 | 176,250 | 122,396 | 1% | 46%
Allowance for loan and lease losses | (2,918) | (2,922) | (2,412) | — | 21%
Portfolio loans and leases, net | 175,610 | 173,328 | 119,984 | 1% | 46%
Bank premises and equipment | 3,343 | 3,283 | 2,560 | 2% | 31%
Goodwill | 9,990 | 9,966 | 4,918 | — | 103%
Intangible assets | 1,253 | 1,233 | 75 | 2% | NM
Servicing rights | 1,607 | 1,583 | 1,629 | 2% | (1%)
Other assets | 18,511 | 19,978 | 12,536 | (7%) | 48%
Total Assets | $300,122 | $297,039 | $209,991 | 1% | 43%
Liabilities |  |  |  |  |
Deposits: |  |  |  |  |
Demand | $63,928 | $65,335 | $42,174 | (2%) | 52%
Interest checking | 70,527 | 72,425 | 55,524 | (3%) | 27%
Savings | 18,161 | 18,610 | 16,614 | (2%) | 9%
Money market | 65,932 | 62,345 | 36,586 | 6% | 80%
CDs $250,000 or less | 12,708 | 11,807 | 10,883 | 8% | 17%
CDs over $250,000 | 2,885 | 3,099 | 2,426 | (7%) | 19%
Total deposits | 234,141 | 233,621 | 164,207 | — | 43%
Short-term borrowings | 4,633 | 1,289 | 3,571 | 259% | 30%
Accrued taxes, interest and expenses | 3,024 | 2,628 | 1,970 | 15% | 54%
Other liabilities | 6,265 | 6,642 | 4,627 | (6%) | 35%
Long-term debt | 17,636 | 18,753 | 14,492 | (6%) | 22%
Total Liabilities | 265,699 | 262,933 | 188,867 | 1% | 41%
Equity |  |  |  |  |
Common stock(c) | 2,585 | 2,585 | 2,051 | — | 26%
Preferred stock | 2,182 | 2,182 | 2,116 | — | 3%
Capital surplus | 15,603 | 15,586 | 3,794 | — | 311%
Retained earnings | 25,645 | 25,248 | 24,718 | 2% | 4%
Accumulated other comprehensive loss | (3,345) | (3,234) | (3,546) | 3% | (6%)
Treasury stock | (8,247) | (8,261) | (8,009) | — | 3%
Total Equity | 34,423 | 34,106 | 21,124 | 1% | 63%
Total Liabilities and Equity | $300,122 | $297,039 | $209,991 | 1% | 43%
(a) Amortized cost | $47,623 | $49,238 | $41,731 | (3%) | 14%
(b) Market values | 18,259 |  | 16,341 |  | 11,547 |  | 12 | % | 58 | %
(c) Common shares, stated value $2.22 per share (in thousands): |  |  |  |  |
Authorized | 2,000,000 | 2,000,000 | 2,000,000 | — | —
Outstanding, excluding treasury | 906,573 | 905,823 | 667,710 | — | —
Treasury | 257,666 | 258,416 | 256,183 | — | —

18

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Consolidated Balance Sheets |  |  |  |  |
$ in millions, except per share data | As of
(unaudited) | June | March | December | September | June
| 2026 | 2026 | 2025 | 2025 | 2025
Assets |  |  |  |  |
Cash and due from banks | $4,374 | $4,084 | $3,499 | $2,901 | $2,972
Other short-term investments | 19,350 | 17,456 | 18,876 | 17,215 | 13,043
Available-for-sale debt and other securities(a) | 44,466 | 46,161 | 36,159 | 36,461 | 38,270
Held-to-maturity securities(b) | 18,404 | 16,389 | 11,368 | 11,498 | 11,630
Trading debt securities | 1,853 | 1,669 | 1,057 | 1,266 | 1,324
Equity securities | 495 | 544 | 453 | 287 | 404
Loans and leases held for sale | 866 | 1,365 | 733 | 576 | 646
Portfolio loans and leases: |  |  |  |  |
Commercial and industrial loans | 85,736 | 83,864 | 52,749 | 53,947 | 53,312
Commercial mortgage loans | 27,196 | 27,143 | 12,228 | 11,932 | 12,112
Commercial construction loans | 8,459 | 8,329 | 5,316 | 5,326 | 5,551
Commercial leases | 3,489 | 3,523 | 3,269 | 3,218 | 3,177
Total commercial loans and leases | 124,880 | 122,859 | 73,562 | 74,423 | 74,152
Residential mortgage loans | 19,713 | 19,507 | 17,652 | 17,644 | 17,681
Home equity | 6,929 | 6,735 | 4,846 | 4,678 | 4,485
Indirect secured consumer loans | 18,186 | 18,296 | 17,964 | 17,885 | 17,591
Credit card | 1,683 | 1,658 | 1,747 | 1,692 | 1,707
Solar energy installation loans | 4,314 | 4,465 | 4,560 | 4,432 | 4,316
Other consumer loans | 2,823 | 2,730 | 2,320 | 2,376 | 2,464
Total consumer loans | 53,648 | 53,391 | 49,089 | 48,707 | 48,244
Portfolio loans and leases | 178,528 | 176,250 | 122,651 | 123,130 | 122,396
Allowance for loan and lease losses | (2,918) | (2,922) | (2,253) | (2,265) | (2,412)
Portfolio loans and leases, net | 175,610 | 173,328 | 120,398 | 120,865 | 119,984
Bank premises and equipment | 3,343 | 3,283 | 2,734 | 2,655 | 2,560
Goodwill | 9,990 | 9,966 | 4,947 | 4,947 | 4,918
Intangible assets | 1,253 | 1,233 | 69 | 76 | 75
Servicing rights | 1,607 | 1,583 | 1,598 | 1,601 | 1,629
Other assets | 18,511 | 19,978 | 12,485 | 12,555 | 12,536
Total Assets | $300,122 | $297,039 | $214,376 | $212,903 | $209,991
Liabilities |  |  |  |  |
Deposits: |  |  |  |  |
Demand | $63,928 | $65,335 | $42,647 | $41,830 | $42,174
Interest checking | 70,527 | 72,425 | 61,155 | 57,239 | 55,524
Savings | 18,161 | 18,610 | 16,155 | 16,110 | 16,614
Money market | 65,932 | 62,345 | 39,285 | 38,748 | 36,586
CDs $250,000 or less | 12,708 | 11,807 | 10,599 | 10,667 | 10,883
CDs over $250,000 | 2,885 | 3,099 | 1,978 | 1,975 | 2,426
Total deposits | 234,141 | 233,621 | 171,819 | 166,569 | 164,207
Short-term borrowings | 4,633 | 1,289 | 926 | 5,260 | 3,571
Accrued taxes, interest and expenses | 3,024 | 2,628 | 2,083 | 1,943 | 1,970
Other liabilities | 6,265 | 6,642 | 4,235 | 4,347 | 4,627
Long-term debt | 17,636 | 18,753 | 13,589 | 13,677 | 14,492
Total Liabilities | 265,699 | 262,933 | 192,652 | 191,796 | 188,867
Equity |  |  |  |  |
Common stock(c) | 2,585 | 2,585 | 2,051 | 2,051 | 2,051
Preferred stock | 2,182 | 2,182 | 1,770 | 1,770 | 2,116
Capital surplus | 15,603 | 15,586 | 3,831 | 3,813 | 3,794
Retained earnings | 25,645 | 25,248 | 25,488 | 25,057 | 24,718
Accumulated other comprehensive loss | (3,345) | (3,234) | (3,110) | (3,276) | (3,546)
Treasury stock | (8,247) | (8,261) | (8,306) | (8,308) | (8,009)
Total Equity | 34,423 | 34,106 | 21,724 | 21,107 | 21,124
Total Liabilities and Equity | $300,122 | $297,039 | $214,376 | $212,903 | $209,991
(a) Amortized cost | $47,623 | $49,238 | $39,107 | $39,617 | $41,731
(b) Market values | 18,259 | 16,341 | 11,404 | 11,506 | 11,547
(c) Common shares, stated value $2.22 per share (in thousands): |  |  |  |  |
Authorized | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000
Outstanding, excluding treasury | 906,573 | 905,823 | 661,198 | 660,973 | 667,710
Treasury | 257,666 | 258,416 | 262,695 | 262,919 | 256,183

19

Fifth Third Bancorp and Subsidiaries |  |  |  |
Consolidated Statements of Changes in Equity |  |  |  |
$ in millions |  |  |  |
(unaudited) |  |  |  |
|  |  | For the Three Months Ended | Year to Date
|  |  | June | June | June | June
|  |  | 2026 | 2025 | 2026 | 2025
Total Equity, Beginning | $34,106 | $20,403 | $21,724 | $19,645
Net income | 801 | 628 | 966 | 1,142
Other comprehensive (loss) income, net of tax: |  |  |  |
Change in unrealized (losses) gains: |  |  |  |
|  | Available-for-sale debt securities | (62) | 179 | (162) | 660
|  | Qualifying cash flow hedges | (74) | 148 | (120) | 383
Amortization of unrealized losses on securities transferred to held-to-maturity | 24 | 22 | 46 | 47
Change in accumulated other comprehensive income related to employee benefit plans | 1 | — | 1 | —
Comprehensive income | 690 | 977 | 731 | 2,232
Cash dividends declared: |  |  |  |
| Common stock | (366) | (250) | (734) | (501)
| Preferred stock | (38) | (37) | (75) | (73)
Impact of Comerica acquisition | — | — | 12,676 | —
Impact of stock transactions under stock compensation plans, net | 32 | 31 | 102 | 47
Shares acquired for treasury | — | — | — | (226)
Other | (1) | — | (1) | —
Total Equity, Ending | $34,423 | $21,124 | $34,423 | $21,124

20

Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |  |  |
Average Balance Sheets and Yield/Rate Analysis | For the Three Months Ended
$ in millions | June |  | March |  | June
(unaudited) | 2026 |  | 2026 |  | 2025
| Average | Average |  | Average | Average |  | Average | Average
| Balance | Yield/Rate |  | Balance | Yield/Rate |  | Balance | Yield/Rate
Assets |  |  |  |  |  |  |  |
Interest-earning assets: |  |  |  |  |  |  |  |
Loans and leases: |  |  |  |  |  |  |  |
Commercial and industrial loans(a) | $85,260 | 5.90 | % |  | $73,302 | 5.89 | % |  | $54,109 | 6.28 | %
Commercial mortgage loans(a) | 27,215 | 5.82 | % |  | 22,005 | 5.85 | % |  | 12,420 | 6.12 | %
Commercial construction loans(a) | 8,504 | 6.50 | % |  | 7,287 | 6.45 | % |  | 5,810 | 7.17 | %
Commercial leases(a) | 3,503 | 4.61 | % |  | 3,347 | 4.86 | % |  | 3,121 | 4.83 | %
Total commercial loans and leases | 124,482 | 5.89 | % |  | 105,941 | 5.89 | % |  | 75,460 | 6.26 | %
Residential mortgage loans | 20,362 | 4.16 | % |  | 19,414 | 4.18 | % |  | 18,156 | 3.98 | %
Home equity | 6,830 | 6.95 | % |  | 6,065 | 7.02 | % |  | 4,383 | 7.42 | %
Indirect secured consumer loans | 18,239 | 5.53 | % |  | 18,105 | 5.54 | % |  | 17,248 | 5.63 | %
Credit card | 1,646 | 13.69 | % |  | 1,659 | 13.94 | % |  | 1,659 | 14.33 | %
Solar energy installation loans | 4,384 | 7.93 | % |  | 4,516 | 8.17 | % |  | 4,268 | 8.10 | %
Other consumer loans | 2,764 | 8.66 | % |  | 2,583 | 8.77 | % |  | 2,483 | 9.09 | %
Total consumer loans | 54,225 | 5.80 | % |  | 52,342 | 5.86 | % |  | 48,197 | 5.87 | %
Total loans and leases | 178,707 | 5.86 | % |  | 158,283 | 5.88 | % |  | 123,657 | 6.11 | %
Securities: |  |  |  |  |  |  |  |
Taxable securities | 66,532 | 3.55 | % |  | 58,587 | 3.41 | % |  | 54,896 | 3.29 | %
Tax exempt securities(a) | 1,392 | 3.25 | % |  | 1,363 | 3.26 | % |  | 1,347 | 3.19 | %
Other short-term investments | 18,358 | 3.64 | % |  | 19,728 | 3.67 | % |  | 12,782 | 4.56 | %
Total interest-earning assets | 264,989 | 5.11 | % |  | 237,961 | 5.07 | % |  | 192,682 | 5.18 | %
Cash and due from banks | 3,307 |  |  | 3,066 |  |  | 2,437 |
Other assets | 32,573 |  |  | 27,210 |  |  | 17,819 |
Allowance for loan and lease losses | (2,922) |  |  | (2,686) |  |  | (2,384) |
Total Assets | $297,947 |  |  | $265,551 |  |  | $210,554 |
Liabilities |  |  |  |  |  |  |  |
Interest-bearing liabilities: |  |  |  |  |  |  |  |
Interest checking deposits | $70,507 | 2.15 | % |  | $67,369 | 2.19 | % |  | $56,738 | 2.69 | %
Savings deposits | 18,430 | 0.35 | % |  | 17,546 | 0.35 | % |  | 16,962 | 0.48 | %
Money market deposits | 63,200 | 2.43 | % |  | 54,219 | 2.39 | % |  | 36,296 | 2.40 | %
CDs $250,000 or less | 12,403 | 2.94 | % |  | 11,641 | 3.14 | % |  | 10,494 | 3.52 | %
Total interest-bearing core deposits | 164,540 | 2.11 | % |  | 150,775 | 2.12 | % |  | 120,490 | 2.36 | %
CDs over $250,000 | 2,990 | 3.25 | % |  | 2,807 | 3.41 | % |  | 2,200 | 4.07 | %
Total interest-bearing deposits | 167,530 | 2.13 | % |  | 153,582 | 2.15 | % |  | 122,690 | 2.39 | %
Federal funds purchased | 160 | 3.65 | % |  | 178 | 3.66 | % |  | 206 | 4.39 | %
Securities sold under repurchase agreements | 444 | 1.69 | % |  | 322 | 1.09 | % |  | 353 | 1.16 | %
FHLB advances | 3,437 | 3.88 | % |  | 99 | 4.10 | % |  | 4,976 | 4.59 | %
Derivative collateral and other secured borrowings | 64 | 7.25 | % |  | 83 | 7.49 | % |  | 89 | 5.61 | %
Long-term debt | 18,817 | 4.87 | % |  | 18,062 | 4.93 | % |  | 14,599 | 5.36 | %
Total interest-bearing liabilities | 190,452 | 2.44 | % |  | 172,326 | 2.44 | % |  | 142,913 | 2.78 | %
Demand deposits | 63,976 |  |  | 55,770 |  |  | 40,885 |
Other liabilities | 9,259 |  |  | 7,347 |  |  | 6,086 |
Total Liabilities | 263,687 |  |  | 235,443 |  |  | 189,884 |
Total Equity | 34,260 |  |  | 30,108 |  |  | 20,670 |
Total Liabilities and Equity | $297,947 |  |  | $265,551 |  |  | $210,554 |
Ratios: |  |  |  |  |  |  |  |
Net interest margin (FTE)(b) |  | 3.36 | % |  |  | 3.30 | % |  |  | 3.12 | %
Net interest rate spread (FTE)(b) |  | 2.67 | % |  |  | 2.63 | % |  |  | 2.40 | %
Interest-bearing liabilities to interest-earning assets |  | 71.87 | % |  |  | 72.42 | % |  |  | 74.17 | %
(a) Average Yield/Rate of these assets are presented on an FTE basis. |
(b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27. |

21

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Average Balance Sheets and Yield/Rate Analysis | Year to Date
$ in millions | June |  | June
(unaudited) | 2026 |  | 2025
| Average | Average |  | Average | Average
| Balance | Yield/Rate |  | Balance | Yield/Rate
Assets |  |  |  |  |
Interest-earning assets: |  |  |  |  |
Loans and leases: |  |  |  |  |
Commercial and industrial loans(a) | $79,315 | 5.90 | % |  | $53,772 | 6.25 | %
Commercial mortgage loans(a) | 24,625 | 5.83 | % |  | 12,404 | 6.05 | %
Commercial construction loans(a) | 7,899 | 6.48 | % |  | 5,812 | 7.05 | %
Commercial leases(a) | 3,426 | 4.73 | % |  | 3,115 | 4.81 | %
Total commercial loans and leases | 115,265 | 5.89 | % |  | 75,103 | 6.22 | %
Residential mortgage loans | 19,891 | 4.17 | % |  | 18,068 | 3.97 | %
Home equity | 6,449 | 6.98 | % |  | 4,303 | 7.49 | %
Indirect secured consumer loans | 18,172 | 5.53 | % |  | 16,864 | 5.60 | %
Credit card | 1,652 | 13.82 | % |  | 1,643 | 14.54 | %
Solar energy installation loans | 4,449 | 8.05 | % |  | 4,245 | 8.06 | %
Other consumer loans | 2,674 | 8.71 | % |  | 2,490 | 9.23 | %
Total consumer loans | 53,287 | 5.83 | % |  | 47,613 | 5.87 | %
Total loans and leases | 168,552 | 5.87 | % |  | 122,716 | 6.08 | %
Securities: |  |  |  |  |
Taxable securities | 62,581 | 3.49 | % |  | 55,050 | 3.27 | %
Tax exempt securities(a) | 1,378 | 3.25 | % |  | 1,370 | 3.19 | %
Other short-term investments | 19,039 | 3.65 | % |  | 13,609 | 4.60 | %
Total interest-earning assets | 251,550 | 5.09 | % |  | 192,745 | 5.15 | %
Cash and due from banks | 3,187 |  |  | 2,413 |
Other assets | 29,906 |  |  | 17,766 |
Allowance for loan and lease losses | (2,804) |  |  | (2,368) |
Total Assets | $281,839 |  |  | $210,556 |
Liabilities |  |  |  |  |
Interest-bearing liabilities: |  |  |  |  |
Interest checking deposits | $68,946 | 2.17 | % |  | $57,346 | 2.69 | %
Savings deposits | 17,990 | 0.35 | % |  | 17,094 | 0.51 | %
Money market deposits | 58,735 | 2.41 | % |  | 36,374 | 2.41 | %
CDs $250,000 or less | 12,024 | 3.04 | % |  | 10,438 | 3.53 | %
Total interest-bearing core deposits | 157,695 | 2.12 | % |  | 121,252 | 2.37 | %
CDs over $250,000 | 2,899 | 3.32 | % |  | 2,273 | 4.26 | %
Total interest-bearing deposits | 160,594 | 2.14 | % |  | 123,525 | 2.41 | %
Federal funds purchased | 169 | 3.65 | % |  | 200 | 4.38 | %
Securities sold under repurchase agreements | 384 | 1.44 | % |  | 320 | 1.05 | %
FHLB advances | 1,777 | 3.89 | % |  | 4,872 | 4.60 | %
Derivative collateral and other secured borrowings | 73 | 7.38 | % |  | 86 | 6.02 | %
Long-term debt | 18,442 | 4.90 | % |  | 14,592 | 5.37 | %
Total interest-bearing liabilities | 181,439 | 2.44 | % |  | 143,595 | 2.79 | %
Demand deposits | 59,896 |  |  | 40,339 |
Other liabilities | 8,309 |  |  | 6,285 |
Total Liabilities | 249,644 |  |  | 190,219 |
Total Equity | 32,195 |  |  | 20,337 |
Total Liabilities and Equity | $281,839 |  |  | $210,556 |
Ratios: |  |  |  |  |
Net interest margin (FTE)(b) |  | 3.33 | % |  |  | 3.08 | %
Net interest rate spread (FTE)(b) |  | 2.65 | % |  |  | 2.36 | %
Interest-bearing liabilities to interest-earning assets |  | 72.13 | % |  |  | 74.50 | %
(a) Average Yield/Rate of these assets are presented on an FTE basis. |  |  |  |  |
(b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.

22

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Summary of Loans and Leases |  |  |  |  |
$ in millions | For the Three Months Ended
(unaudited) | June | March | December | September | June
| 2026 | 2026 | 2025 | 2025 | 2025
Average Portfolio Loans and Leases |  |  |  |  |
Commercial loans and leases: |  |  |  |  |
Commercial and industrial loans | $84,967 | $73,264 | $53,947 | $54,170 | $54,075
Commercial mortgage loans | 27,176 | 21,969 | 12,079 | 12,027 | 12,410
Commercial construction loans | 8,437 | 7,278 | 5,399 | 5,541 | 5,810
Commercial leases | 3,503 | 3,347 | 3,172 | 3,177 | 3,120
Total commercial loans and leases | 124,083 | 105,858 | 74,597 | 74,915 | 75,415
Consumer loans: |  |  |  |  |
Residential mortgage loans | 19,626 | 18,848 | 17,660 | 17,656 | 17,615
Home equity | 6,830 | 6,064 | 4,769 | 4,579 | 4,383
Indirect secured consumer loans | 18,239 | 18,105 | 17,879 | 17,729 | 17,248
Credit card | 1,646 | 1,659 | 1,694 | 1,678 | 1,659
Solar energy installation loans | 4,384 | 4,516 | 4,486 | 4,355 | 4,268
Other consumer loans | 2,764 | 2,582 | 2,345 | 2,414 | 2,483
Total consumer loans | 53,489 | 51,774 | 48,833 | 48,411 | 47,656
Total average portfolio loans and leases | $177,572 | $157,632 | $123,430 | $123,326 | $123,071
Average Loans and Leases Held for Sale |  |  |  |  |
Commercial loans and leases held for sale | $399 | $85 | $19 | $44 | $45
Consumer loans held for sale | 736 | 566 | 698 | 623 | 541
Average loans and leases held for sale | $1,135 | $651 | $717 | $667 | $586
End of Period Portfolio Loans and Leases |  |  |  |  |
Commercial loans and leases: |  |  |  |  |
Commercial and industrial loans | $85,736 | $83,864 | $52,749 | $53,947 | $53,312
Commercial mortgage loans | 27,196 | 27,143 | 12,228 | 11,932 | 12,112
Commercial construction loans | 8,459 | 8,329 | 5,316 | 5,326 | 5,551
Commercial leases | 3,489 | 3,523 | 3,269 | 3,218 | 3,177
Total commercial loans and leases | 124,880 | 122,859 | 73,562 | 74,423 | 74,152
Consumer loans: |  |  |  |  |
Residential mortgage loans | 19,713 | 19,507 | 17,652 | 17,644 | 17,681
Home equity | 6,929 | 6,735 | 4,846 | 4,678 | 4,485
Indirect secured consumer loans | 18,186 | 18,296 | 17,964 | 17,885 | 17,591
Credit card | 1,683 | 1,658 | 1,747 | 1,692 | 1,707
Solar energy installation loans | 4,314 | 4,465 | 4,560 | 4,432 | 4,316
Other consumer loans | 2,823 | 2,730 | 2,320 | 2,376 | 2,464
Total consumer loans | 53,648 | 53,391 | 49,089 | 48,707 | 48,244
Total portfolio loans and leases | $178,528 | $176,250 | $122,651 | $123,130 | $122,396
End of Period Loans and Leases Held for Sale |  |  |  |  |
Commercial loans and leases held for sale | $171 | $651 | $75 | $8 | $74
Consumer loans held for sale | 695 | 714 | 658 | 568 | 572
Loans and leases held for sale | $866 | $1,365 | $733 | $576 | $646
Operating lease equipment | $417 | $416 | $374 | $379 | $344
Loans and Leases Serviced for Others(a) |  |  |  |  |
Commercial and industrial loans | $1,838 | $1,801 | $1,290 | $1,206 | $1,166
Commercial mortgage loans | 2,193 | 518 | 501 | 558 | 601
Commercial construction loans | 292 | 318 | 291 | 304 | 333
Commercial leases | 817 | 821 | 853 | 764 | 757
Residential mortgage loans | 85,907 | 86,733 | 87,827 | 89,639 | 91,201
Solar energy installation loans | 643 | 665 | 686 | 692 | 557
Other consumer loans | 81 | 86 | 92 | 98 | 105
Total loans and leases serviced for others | 91,771 | 90,942 | 91,540 | 93,261 | 94,720
Total loans and leases owned or serviced | $271,582 | $268,973 | $215,298 | $217,346 | $218,106

(a)Fifth Third sells certain loans and leases and obtains servicing responsibilities.
23

Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |
Regulatory Capital |  |
$ in millions |  | As of
(unaudited) |  | June | March | December | September | June
|  |  | 2026(a) | 2026 | 2025 | 2025 | 2025
Regulatory Capital |  |  |  |  |  |
CET1 capital |  | $24,508 | $24,136 | $18,099 | $17,645 | $17,616
Additional tier 1 capital |  | 2,182 | 2,182 | 1,770 | 1,770 | 2,116
Tier 1 capital |  | 26,690 | 26,318 | 19,869 | 19,415 | 19,732
Tier 2 capital |  | 4,164 | 4,179 | 3,197 | 3,204 | 3,197
Total regulatory capital |  | $30,854 | $30,497 | $23,066 | $22,619 | $22,929
Risk-weighted assets |  | $246,855 | $243,964 | $167,431 | $166,999 | $166,517
Ratios |  |  |  |  |  |
Average total Bancorp shareholders' equity as a percent of average assets |  | 11.50 | % | 11.34 | % | 10.11 | % | 10.02 | % | 9.82 | %
Regulatory Capital Ratios |  |  |  |  |  |
Fifth Third Bancorp |  |  |  |  |  |
| CET1 capital |  | 9.93 | % | 9.89 | % | 10.81 | % | 10.57 | % | 10.58 | %
| Tier 1 risk-based capital |  | 10.81 | % | 10.79 | % | 11.87 | % | 11.63 | % | 11.85 | %
| Total risk-based capital |  | 12.50 | % | 12.50 | % | 13.78 | % | 13.54 | % | 13.77 | %
| Leverage |  | 9.20 | % | 10.22 | % | 9.41 | % | 9.24 | % | 9.42 | %
Fifth Third Bank, National Association |  |  |  |  |  |
| Tier 1 risk-based capital |  | 11.69 | % | 11.73 | % | 13.09 | % | 12.95 | % | 12.87 | %
| Total risk-based capital |  | 12.94 | % | 13.00 | % | 14.33 | % | 14.19 | % | 14.12 | %
| Leverage |  | 9.99 | % | 11.16 | % | 10.41 | % | 10.31 | % | 10.25 | %

(a)Current period regulatory capital data and ratios are estimated.
24

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Summary of Credit Loss Experience |  |  |  |  |
$ in millions | For the Three Months Ended
(unaudited) | June | March | December | September | June
| 2026 | 2026 | 2025 | 2025 | 2025
Average portfolio loans and leases: |  |  |  |  |
Commercial and industrial loans | $84,967 | $73,264 | $53,947 | $54,170 | $54,075
Commercial mortgage loans | 27,176 | 21,969 | 12,079 | 12,027 | 12,410
Commercial construction loans | 8,437 | 7,278 | 5,399 | 5,541 | 5,810
Commercial leases | 3,503 | 3,347 | 3,172 | 3,177 | 3,120
Total commercial loans and leases | 124,083 | 105,858 | 74,597 | 74,915 | 75,415
Residential mortgage loans | 19,626 | 18,848 | 17,660 | 17,656 | 17,615
Home equity | 6,830 | 6,064 | 4,769 | 4,579 | 4,383
Indirect secured consumer loans | 18,239 | 18,105 | 17,879 | 17,729 | 17,248
Credit card | 1,646 | 1,659 | 1,694 | 1,678 | 1,659
Solar energy installation loans | 4,384 | 4,516 | 4,486 | 4,355 | 4,268
Other consumer loans | 2,764 | 2,582 | 2,345 | 2,414 | 2,483
Total consumer loans | 53,489 | 51,774 | 48,833 | 48,411 | 47,656
Total average portfolio loans and leases | $177,572 | $157,632 | $123,430 | $123,326 | $123,071
Losses charged-off: |  |  |  |  |
Commercial and industrial loans | ($73) | ($77) | ($61) | ($280) | ($84)
Commercial mortgage loans | — | — | (7) | (2) | (4)
Commercial construction loans | — | — | — | — | —
Commercial leases | — | — | (1) | — | (2)
Total commercial loans and leases | (73) | (77) | (69) | (282) | (90)
Residential mortgage loans | (1) | — | — | — | —
Home equity | (1) | (2) | (2) | (1) | (2)
Indirect secured consumer loans | (36) | (40) | (41) | (34) | (33)
Credit card | (20) | (19) | (20) | (20) | (20)
Solar energy installation loans | (29) | (26) | (22) | (20) | (23)
Other consumer loans | (21) | (23) | (23) | (25) | (26)
Total consumer loans | (108) | (110) | (108) | (100) | (104)
Total losses charged-off | ($181) | ($187) | ($177) | ($382) | ($194)
Recoveries of losses previously charged-off: |  |  |  |  |
Commercial and industrial loans | $8 | $8 | $17 | $6 | $15
Commercial mortgage loans | — | — | 1 | 1 | 1
Commercial construction loans | 1 | — | — | — | —
Commercial leases | — | — | — | — | 3
Total commercial loans and leases | 9 | 8 | 18 | 7 | 19
Residential mortgage loans | 1 | — | 1 | 1 | 1
Home equity | 1 | 2 | 1 | 2 | 2
Indirect secured consumer loans | 18 | 16 | 14 | 16 | 17
Credit card | 5 | 5 | 5 | 4 | 5
Solar energy installation loans | 4 | 3 | 5 | 4 | 3
Other consumer loans | 8 | 9 | 8 | 9 | 8
Total consumer loans | 37 | 35 | 34 | 36 | 36
Total recoveries of losses previously charged-off | $46 | $43 | $52 | $43 | $55
Net losses charged-off: |  |  |  |  |
Commercial and industrial loans | ($65) | ($69) | ($44) | ($274) | ($69)
Commercial mortgage loans | — | — | (6) | (1) | (3)
Commercial construction loans | 1 | — | — | — | —
Commercial leases | — | — | (1) | — | 1
Total commercial loans and leases | (64) | (69) | (51) | (275) | (71)
Residential mortgage loans | — | — | 1 | 1 | 1
Home equity | — | — | (1) | 1 | —
Indirect secured consumer loans | (18) | (24) | (27) | (18) | (16)
Credit card | (15) | (14) | (15) | (16) | (15)
Solar energy installation loans | (25) | (23) | (17) | (16) | (20)
Other consumer loans | (13) | (14) | (15) | (16) | (18)
Total consumer loans | (71) | (75) | (74) | (64) | (68)
Total net losses charged-off(a) | ($135) | ($144) | ($125) | ($339) | ($139)
Net losses charged-off as a percent of average portfolio loans and leases (annualized): |  |  |  |  |
Commercial and industrial loans | 0.31 | % | 0.38 | % | 0.32 | % | 2.01 | % | 0.51 | %
Commercial mortgage loans | (0.01 | %) | — |  | 0.21 | % | 0.04 | % | 0.11 | %
Commercial construction loans | (0.02 | %) | (0.02 | %) | — |  | — |  | — |
Commercial leases | (0.01 | %) | — |  | 0.16 | % | (0.04 | %) | (0.10 | %)
Total commercial loans and leases | 0.21 | % | 0.26 | % | 0.27 | % | 1.46 | % | 0.38 | %
Residential mortgage loans | — |  | (0.01 | %) | (0.01 | %) | (0.02 | %) | (0.01 | %)
Home equity | (0.02 | %) | 0.01 | % | 0.06 | % | (0.05 | %) | 0.02 | %
Indirect secured consumer loans | 0.40 | % | 0.54 | % | 0.59 | % | 0.40 | % | 0.37 | %
Credit card | 3.60 | % | 3.51 | % | 3.62 | % | 3.70 | % | 3.74 | %
Solar energy installation loans | 2.25 | % | 2.03 | % | 1.45 | % | 1.47 | % | 1.86 | %
Other consumer loans | 1.95 | % | 2.19 | % | 2.46 | % | 2.51 | % | 2.49 | %
Total consumer loans | 0.53 | % | 0.58 | % | 0.59 | % | 0.52 | % | 0.56 | %
Total net losses charged-off as a percent of average portfolio loans and leases (annualized) | 0.30 | % | 0.37 | % | 0.40 | % | 1.09 | % | 0.45 | %

(a)Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition.
25

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Asset Quality |  |  |  |  |
$ in millions | For the Three Months Ended
(unaudited) | June | March | December | September | June
|  | 2026 | 2026 | 2025 | 2025 | 2025
Allowance for Credit Losses |  |  |  |  |
Allowance for loan and lease losses, beginning | $2,922 | $2,253 | $2,265 | $2,412 | $2,384
Total net losses charged-off(d) | (135) | (144) | (125) | (339) | (139)
Provision for loan and lease losses | 131 | 152 | 113 | 192 | 167
Allowance on PCD loans and leases at acquisition | (1) | 180 | — | — | —
Allowance on PSLs at acquisition | 1 | 481 | — | — | —
Allowance for loan and lease losses, ending | $2,918 | $2,922 | $2,253 | $2,265 | $2,412
Reserve for unfunded commitments, beginning | $232 | $157 | $151 | $146 | $140
(Benefit from) provision for the reserve for unfunded commitments | (2) | 75 | 6 | 5 | 6
Reserve for unfunded commitments, ending | $230 | $232 | $157 | $151 | $146
Components of allowance for credit losses: |  |  |  |  |
Allowance for loan and lease losses | $2,918 | $2,922 | $2,253 | $2,265 | $2,412
Reserve for unfunded commitments | 230 | 232 | 157 | 151 | 146
Total allowance for credit losses | $3,148 | $3,154 | $2,410 | $2,416 | $2,558
|  | As of
|  | June | March | December | September | June
|  | 2026 | 2026 | 2025 | 2025 | 2025
Nonperforming Assets and Delinquent Loans |  |  |  |  |
Nonaccrual portfolio loans and leases: |  |  |  |  |
Commercial and industrial loans | $455 | $417 | $393 | $393 | $460
Commercial mortgage loans | 94 | 94 | 34 | 42 | 48
Commercial construction loans | 62 | 62 | — | — | —
Commercial leases | 4 | — | — | — | —
Residential mortgage loans | 176 | 164 | 149 | 142 | 143
Home equity | 131 | 104 | 71 | 72 | 75
Indirect secured consumer loans | 62 | 58 | 61 | 61 | 65
Credit card | 29 | 30 | 29 | 29 | 29
Solar energy installation loans | 23 | 26 | 22 | 22 | 26
Other consumer loans | 5 | 5 | 8 | 7 | 7
Total nonaccrual portfolio loans and leases | 1,041 | 960 | 767 | 768 | 853
Repossessed property | 10 | 11 | 11 | 12 | 8
OREO | 24 | 28 | 19 | 21 | 25
Total nonperforming portfolio loans and leases and OREO | 1,075 | 999 | 797 | 801 | 886
Nonaccrual loans held for sale | 167 | 141 | 70 | 4 | 27
Total nonperforming assets | $1,242 | $1,140 | $867 | $805 | $913
Loans and leases 90 days past due (accrual): |  |  |  |  |
Commercial and industrial loans | $4 | $3 | $2 | $2 | $5
Commercial mortgage loans | 1 | 19 | — | — | 3
Commercial construction loans |  | — | 2 | 1 | — | —
Commercial leases | — | 1 | — | — | —
Total commercial loans and leases | 5 | 25 | 3 | 2 | 8
Residential mortgage loans(c) | 11 | 7 | 10 | 11 | 8
Credit card | 16 | 17 | 17 | 16 | 18
Other consumer loans | 1 | — | — | — | —
Total consumer loans | 28 | 24 | 27 | 27 | 26
Total loans and leases 90 days past due (accrual)(b) | $33 | $49 | $30 | $29 | $34
Ratios |  |  |  |  |
Net losses charged-off as a percent of average portfolio loans and leases (annualized) | 0.30 | % | 0.37 | % | 0.40 | % | 1.09 | % | 0.45 | %
Allowance for credit losses: |  |  |  |  |
As a percent of portfolio loans and leases | 1.76 | % | 1.79 | % | 1.96 | % | 1.96 | % | 2.09 | %
As a percent of nonperforming portfolio loans and leases(a) | 303 | % | 328 | % | 314 | % | 314 | % | 300 | %
As a percent of nonperforming portfolio assets(a) | 293 | % | 316 | % | 302 | % | 302 | % | 289 | %
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a) | 0.58 | % | 0.54 | % | 0.62 | % | 0.62 | % | 0.70 | %
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a) | 0.60 | % | 0.57 | % | 0.65 | % | 0.65 | % | 0.72 | %
Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property | 0.69 | % | 0.64 | % | 0.70 | % | 0.65 | % | 0.74 | %
(a) Excludes nonaccrual loans held for sale.
(b) Excludes loans held for sale.
(c) Excludes government guaranteed residential mortgage loans.
(d) Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition.

26

Use of Non-GAAP Financial Measures
In addition to GAAP measures, management considers various non-GAAP measures when evaluating the performance of the business, including: “net interest income (FTE),” “interest income (FTE),” “net interest margin (FTE),” “net interest rate spread (FTE),” “income before income taxes (FTE),” “tangible net income available to common shareholders,” “average tangible common equity,” “return on average tangible common equity,” “tangible common equity (excluding AOCI),” “tangible common equity (including AOCI),” “tangible equity,” “tangible book value per share,” “tangible book value per share (excluding AOCI),” “adjusted noninterest income,” “noninterest income excluding certain items,” “adjusted noninterest expense,” “noninterest expense excluding certain items,” “pre-provision net revenue,” “adjusted efficiency ratio,” “adjusted return on average common equity,” “adjusted return on average tangible common equity,” “adjusted return on average tangible common equity, excluding accumulated other comprehensive income", “adjusted pre-provision net revenue,” “adjusted return on average assets,” “efficiency ratio (FTE),” “total revenue (FTE),” "adjusted total revenue," “noninterest income as a percent of total revenue”, and certain ratios derived from these measures. The Bancorp believes these non-GAAP measures provide useful information to investors because these are among the measures used by the Fifth Third management team to evaluate operating performance and to make day-to-day operating decisions.
The FTE basis adjusts for the tax-favored status of income from certain loans and securities held by the Bancorp that are not taxable for federal income tax purposes. The Bancorp believes this presentation to be the preferred industry measurement of net interest income and net interest margin as it provides a relevant comparison between taxable and non-taxable amounts.
The Bancorp believes tangible net income available to common shareholders, average tangible common equity, tangible common equity (excluding AOCI), tangible common equity (including AOCI), tangible equity, tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of the business without the impacts of intangible items, whether acquired or created internally, in a manner comparable to other companies in the industry who present similar measures.
The Bancorp believes noninterest income, noninterest expense, net interest income, net interest margin, pre-provision net revenue, efficiency ratio, adjusted total revenue, noninterest income as a percent of total revenue, return on average common equity, return on average tangible common equity, and return on average assets are important measures that adjust for significant, unusual, or large transactions that may occur in a reporting period which management does not consider indicative of ongoing financial performance and enhances comparability of results with prior periods.
The Bancorp believes noninterest income excluding certain items and noninterest expense excluding certain items are important measures that adjust for certain components that are prone to significant period-to-period changes in order to facilitate the explanation of variances in the noninterest income and noninterest expense line items.
Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity and tangible common equity (including and excluding AOCI), in addition to capital ratios defined by U.S. banking agencies. These calculations are intended to complement the capital ratios defined by U.S. banking agencies for both absolute and comparative purposes. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. Management believes that providing the tangible common equity ratio excluding AOCI on certain assets and liabilities enables investors and others to assess the Bancorp’s use of equity without the effects of changes in AOCI, some of which are uncertain; providing the tangible common equity ratio including AOCI enables investors and others to assess the Bancorp’s use of equity if components of AOCI, such as unrealized gains or losses, were to be monetized.
Please note that although non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.
Please see reconciliations of all historical non-GAAP measures used in this release to the most directly comparable GAAP measures, beginning on the following page.
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| Fifth Third Bancorp and Subsidiaries |  |  |  |  |
| Non-GAAP Reconciliation |  |  |  |  |
| $ and shares in millions | As of and For the Three Months Ended
| (unaudited) | June | March | December | September | June
|  |  | 2026 | 2026 | 2025 | 2025 | 2025
| Net interest income | $2,215 | $1,934 | $1,529 | $1,520 | $1,495
| Add: Taxable equivalent adjustment | 5 | 5 | 4 | 5 | 5
| Net interest income (FTE) (a) | 2,220 | 1,939 | 1,533 | 1,525 | 1,500
| Net interest income (annualized) (b) | 8,884 | 7,843 | 6,066 | 6,030 | 5,996
| Net interest income (FTE) (annualized) (c) | 8,904 | 7,864 | 6,082 | 6,050 | 6,016
| Interest income | 3,372 | 2,972 | 2,468 | 2,519 | 2,484
| Add: Taxable equivalent adjustment | 5 | 5 | 4 | 5 | 5
| Interest income (FTE) | 3,377 | 2,977 | 2,472 | 2,524 | 2,489
| Interest income (FTE) (annualized) (d) | 13,545 | 12,073 | 9,807 | 10,014 | 9,983
| Interest expense (annualized) (e) | 4,641 | 4,210 | 3,725 | 3,963 | 3,967
| Average interest-earning assets (f) | 264,989 | 237,961 | 194,144 | 193,500 | 192,682
| Average interest-bearing liabilities (g) | 190,452 | 172,326 | 143,518 | 143,096 | 142,913
| Net interest margin (b) / (f) | 3.35 | % | 3.30 | % | 3.12 | % | 3.12 | % | 3.11 | %
| Net interest margin (FTE) (c) / (f) | 3.36 | % | 3.30 | % | 3.13 | % | 3.13 | % | 3.12 | %
| Net interest rate spread (FTE) (d) / (f) - (e) / (g) | 2.67 | % | 2.63 | % | 2.45 | % | 2.41 | % | 2.40 | %
| Income before income taxes | $1,036 | $207 | $912 | $837 | $808
| Add: Taxable equivalent adjustment | 5 | 5 | 4 | 5 | 5
| Income before income taxes (FTE) | 1,041 | 212 | 916 | 842 | 813
| Net income available to common shareholders | 763 | 128 | 699 | 608 | 591
| Add: Intangible amortization, net of tax | 48 | 34 | 5 | 5 | 5
| Tangible net income available to common shareholders (h) | 811 | 162 | 704 | 613 | 596
| Tangible net income available to common shareholders (annualized) (i) | 3,253 | 657 | 2,793 | 2,432 | 2,391
| Average Bancorp shareholders’ equity | 34,260 | 30,108 | 21,527 | 21,216 | 20,670
| Less: | Average preferred stock | (2,182) | (2,040) | (1,770) | (2,112) | (2,116)
|  | Average goodwill | (9,973) | (8,686) | (4,947) | (4,937) | (4,918)
|  | Average intangible assets | (1,257) | (841) | (72) | (77) | (79)
| Average tangible common equity, including AOCI (j) | 20,848 | 18,541 | 14,738 | 14,090 | 13,557
| Less: | Average AOCI | 3,377 | 3,080 | 3,137 | 3,520 | 3,935
| Average tangible common equity, excluding AOCI (k) | 24,225 | 21,621 | 17,875 | 17,610 | 17,492
| Total Bancorp shareholders’ equity | 34,423 | 34,106 | 21,724 | 21,107 | 21,124
| Less: | Preferred stock | (2,182) | (2,182) | (1,770) | (1,770) | (2,116)
|  | Goodwill | (9,990) | (9,966) | (4,947) | (4,947) | (4,918)
|  | Intangible assets | (1,253) | (1,233) | (69) | (76) | (75)
| Tangible common equity, including AOCI (l) | 20,998 | 20,725 | 14,938 | 14,314 | 14,015
| Less: | AOCI | 3,345 | 3,234 | 3,110 | 3,276 | 3,546
| Tangible common equity, excluding AOCI (m) | 24,343 | 23,959 | 18,048 | 17,590 | 17,561
| Add: | Preferred stock | 2,182 | 2,182 | 1,770 | 1,770 | 2,116
| Tangible equity (n) | 26,525 | 26,141 | 19,818 | 19,360 | 19,677
| Total assets | 300,122 | 297,039 | 214,376 | 212,903 | 209,991
| Less: | Goodwill | (9,990) | (9,966) | (4,947) | (4,947) | (4,918)
|  | Intangible assets | (1,253) | (1,233) | (69) | (76) | (75)
| Tangible assets, including AOCI (o) | 288,879 | 285,840 | 209,360 | 207,880 | 204,998
| Less: | AOCI, before tax | 4,401 | 4,255 | 4,092 | 4,311 | 4,666
| Tangible assets, excluding AOCI (p) | $293,280 | $290,095 | $213,452 | $212,191 | $209,664
| Common shares outstanding (q) | 907 | 906 | 661 | 661 | 668
| Tangible equity (n) / (p) | 9.04 | % | 9.01 | % | 9.28 | % | 9.12 | % | 9.39 | %
| Tangible common equity (excluding AOCI) (m) / (p) | 8.30 | % | 8.26 | % | 8.46 | % | 8.29 | % | 8.38 | %
| Tangible common equity (including AOCI) (l) / (o) | 7.27 | % | 7.25 | % | 7.14 | % | 6.89 | % | 6.84 | %
| Tangible book value per share (including AOCI) (l) / (q) | $23.15 | $22.88 | $22.60 | $21.66 | $20.98
| Tangible book value per share (excluding AOCI) (m) / (q) | $26.84 | $26.44 | $27.30 | $26.61 | $26.29

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| Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |  |
| Non-GAAP Reconciliation |  |  |  |  |  |  |
| $ in millions | For the Three Months Ended |  |
| (unaudited) | June |  | March |  | June |  |
|  |  | 2026 |  | 2026 |  | 2025 |  |
| Net income (r) | $801 |  | $165 |  | $628 |  |
| Net income (annualized) (s) | 3,213 |  | 669 |  | 2,519 |  |
| Adjustments (pre-tax items) |  |  |  |  |  |  |
|  | Merger-related charges | 203 |  | 657 |  | — |  |
|  | Non-qualified deferred compensation expense/(benefit) | 30 |  | (9) |  | 16 |  |
|  | Securities repositioning losses | 10 |  | — |  | — |  |
|  | Technology-related asset impairments | 7 |  | — |  | — |  |
|  | Severance expense | 7 |  | — |  | 15 |  |
|  | Interchange litigation matters | 2 |  | (8) |  | 1 |  |
|  | Merger-related Day 1 ACL build | — |  | 83 |  | — |  |
|  | Other securities (gains)/losses, net | (30) |  | 12 |  | (16) |  |
| Adjustments, pre-tax | 229 |  | 735 |  | 16 |  |
|  | Applicable income tax expense on adjustments | 54 |  | 166 |  | 4 |  |
| Adjustments, after-tax (t)(a)(b) | 175 |  | 569 |  | 12 |  |
| Noninterest income (u) | 1,059 |  | 895 |  | 750 |  |
|  | Securities repositioning losses | 10 |  | — |  | — |  |
|  | Interchange litigation matters | 1 |  | (8) |  | 1 |  |
|  | Merger-related charges | — |  | 22 |  | — |  |
| Noninterest income excluding certain item(s) | 1,070 |  | 909 |  | 751 |  |
|  | Other securities (gains)/losses, net | (30) |  | 12 |  | (16) |  |
| Adjusted noninterest income, excluding certain items and securities losses (v) | 1,040 |  | 921 |  | 735 |  |
| Noninterest expense (w) | 2,109 |  | 2,395 |  | 1,264 |  |
|  | Merger-related charges | (203) |  | (635) |  | — |  |
|  | Technology-related asset impairments | (7) |  | — |  | — |  |
|  | Severance expense | (7) |  | — |  | (15) |  |
|  | Interchange litigation matters | (1) |  | — |  | — |  |
| Noninterest expense excluding certain item(s) | 1,891 |  | 1,760 |  | 1,249 |  |
|  | Non-qualified deferred compensation (expense)/benefit | (30) |  | 9 |  | (16) |  |
| Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (x) | 1,861 |  | 1,769 |  | 1,233 |  |
| Adjusted net income (r) + (t) | 976 |  | 734 |  | 640 |  |
| Adjusted net income (annualized) (y) | 3,915 |  | 2,977 |  | 2,567 |  |
| Adjusted tangible net income available to common shareholders (h) + (t) | 986 |  | 731 |  | 608 |  |
| Adjusted tangible net income available to common shareholders (annualized) (z) | 3,955 |  | 2,965 |  | 2,439 |  |
| Average assets (aa) | $297,947 |  | $265,551 |  | $210,554 |  |
| Return on average tangible common equity (i) / (j) | 15.6 | % |  | 3.5 | % |  | 17.6 | % |  |
| Return on average tangible common equity excluding AOCI (i) / (k) | 13.4 | % |  | 3.0 | % |  | 13.7 | % |  |
| Adjusted return on average tangible common equity, including AOCI (z) / (j) | 19.0 | % |  | 16.0 | % |  | 18.0 | % |  |
| Adjusted return on average tangible common equity, excluding AOCI (z) / (k) | 16.3 | % |  | 13.7 | % |  | 13.9 | % |  |
| Return on average assets (s) / (aa) | 1.08 | % |  | 0.25 | % |  | 1.20 | % |  |
| Adjusted return on average assets (y) / (aa) | 1.31 | % |  | 1.12 | % |  | 1.22 | % |  |
| Efficiency ratio (FTE) (w) / [(a) + (u)] | 64.3 | % |  | 84.5 | % |  | 56.2 | % |  |
| Adjusted efficiency ratio (x) / [(a) + (v)] | 57.1 | % |  | 61.9 | % |  | 55.2 | % |  |
| Total revenue (FTE) (a) + (u) | $3,279 |  | $2,834 |  | $2,250 |  |
| Adjusted total revenue (FTE) (a) + (v) | $3,260 |  | $2,860 |  | $2,235 |  |
| Pre-provision net revenue (PPNR) (a) + (u) - (w) | $1,170 |  | $439 |  | $986 |  |
| Adjusted pre-provision net revenue (PPNR) (a) + (v) - (x) | $1,399 |  | $1,091 |  | $1,002 |  |
| Totals may not foot due to rounding. |  |
| (a) Assumes a 24% tax rate. |  |
| (b) A portion of the adjustments related to merger-related expenses are not tax-deductible. |  |

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Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |
Segment Presentation |  |  |  |  |  |
$ in millions |  |  |  |  |  |
(unaudited) |  |  |  |  |  |
For the three months ended June 30, 2026 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $1,115 | $1,237 | $113 | $(245) | $2,220 |
(Provision for) benefit from credit losses | (25) | (82) | 4 | (26) | (129) |
Net interest income after (provision for) benefit from credit losses | 1,090 | 1,155 | 117 | (271) | 2,091 |
Noninterest income | 507 | 321 | 186 | 45 | 1,059 |
Noninterest expense | (757) | (860) | (185) | (307) | (2,109) |
Income (loss) before income taxes (FTE)(a) | $840 | $616 | $118 | $(533) | $1,041 |
For the three months ended March 31, 2026 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $878 | $1,073 | $83 | $(95) | $1,939 |
(Provision for) benefit from credit losses | (158) | (89) | — | 20 | (227) |
Net interest income after (provision for) benefit from credit losses | 720 | 984 | 83 | (75) | 1,712 |
Noninterest income | 441 | 298 | 164 | (8) | 895 |
Noninterest expense | (734) | (810) | (183) | (668) | (2,395) |
Income (loss) before income taxes (FTE)(a) | $427 | $472 | $64 | $(751) | $212 |
For the three months ended December 31, 2025 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $581 | $1,026 | $52 | $(126) | $1,533 |
(Provision for) benefit from credit losses | (46) | (84) | — | 11 | (119) |
Net interest income after (provision for) benefit from credit losses | 535 | 942 | 52 | (115) | 1,414 |
Noninterest income | 386 | 311 | 111 | 3 | 811 |
Noninterest expense | (476) | (645) | (97) | (91) | (1,309) |
Income (loss) before income taxes (FTE)(a) | $445 | $608 | $66 | $(203) | $916 |
For the three months ended September 30, 2025 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $594 | $1,082 | $55 | $(206) | $1,525 |
(Provision for) benefit from credit losses | (246) | (73) | — | 122 | (197) |
Net interest income after (provision for) benefit from credit losses | 348 | 1,009 | 55 | (84) | 1,328 |
Noninterest income | 357 | 309 | 109 | 6 | 781 |
Noninterest expense | (454) | (653) | (93) | (67) | (1,267) |
Income (loss) before income taxes (FTE)(a) | $251 | $665 | $71 | $(145) | $842 |
For the three months ended June 30, 2025 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $595 | $1,085 | $57 | $(237) | $1,500 |
(Provision for) benefit from credit losses | (79) | (84) | 2 | (12) | (173) |
Net interest income after (provision for) benefit from credit losses | 516 | 1,001 | 59 | (249) | 1,327 |
Noninterest income | 321 | 293 | 101 | 35 | 750 |
Noninterest expense | (453) | (646) | (95) | (70) | (1,264) |
Income (loss) before income taxes (FTE)(a) | $384 | $648 | $65 | $(284) | $813 |
(a) Includes taxable equivalent adjustments of $5 million for the three months ended June 30, 2026 and March 31, 2026, $4 million for the three months ended December 31, 2025 and $5 million for the three months ended September 30, 2025 and June 30, 2025. |

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