Recent Updates — FITB
Fifth Third Bancorp reported third-quarter 2026 net income available to common shareholders of $828 million, or $0.90 per diluted share, compared to $763 million, or $0.83 per diluted share, in the prior quarter. Adjusted earnings per share were $1.13, excluding a $0.23 negative impact from merger-related charges, interchange litigation costs, and technology asset impairments. Net interest income increased 3% sequentially to $2.28 billion on fully taxable-equivalent basis, while noninterest expense decreased 3% to $2.05 billion. The company completed the systems integration of Comerica with strong client retention and reported a CET1 capital ratio of 10.0%. Fifth Third Bancorp operates as a diversified financial services holding company providing banking, wealth management, and mortgage services.
Fifth Third Bancorp announced on September 24, 2026, that it delivered a redemption notice for all $500 million in outstanding principal of its 1.707% Fixed Rate/Floating Rate Senior Notes due 2027 (CUSIP 316773 DD9). The company will redeem the notes one year prior to their scheduled maturity on November 1, 2027, with a redemption date set for November 1, 2026. The cash redemption price equals 100% of the principal amount plus accrued and unpaid interest through the redemption date. Upon completion, no notes will remain outstanding. Fifth Third Bancorp is a diversified financial services holding company that provides banking, investment, and mortgage services to consumers and businesses.
Fifth Third Bancorp completed exchange offers and consent solicitations for existing FTFC notes, resulting in the issuance of approximately $1,272,791,000 in new senior unsecured notes. The exchange involved $334,781,000 of 4.000% Senior Notes due 2029 and $938,170,000 of 5.982% Fixed-To-Floating Rate Senior Notes due 2030. The company also entered into a registration rights agreement with J.P. Morgan Securities LLC. Fifth Third Bancorp is a financial services company providing banking and investment services.
Fifth Third Bancorp will present at the Morgan Stanley US Financials Conference on June 10, 2026. The company is a financial services company providing banking and investment services.