FITB Fifth Third Bancorp (FITB) Q1 FY26 earnings call
First full quarter with Comerica reshapes Fifth Third into a larger, more granular, lower-cost-funded franchise while legacy engines (Southeast household growth, Newline, wealth, HELOC) keep compounding. Management frames the year as an integration ramp — cost synergies and NIM build toward a Q4 exit near 2027 targets — even as it resets to a higher-for-longer, no-rate-cut backdrop and leans away from private-credit and data-center risk.
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FITB operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 10.5%Our strong profitability allowed us to maintain our CET1 ratio at 10.5%, consistent with our near-term target while growing our period-end loans by $2.4 billion, executing a $225 million share repurchase and absorbing the 7 basis point impact from the final CECL phase-in.Source: earnings call transcript | 10.6%We ended the quarter with a CET1 ratio of 10.6%, an increase of 13 basis points and consistent with our near-term target of 10.5%.Source: earnings call transcript | 10%CET1 ended at 10% and reflecting the impact of the Comerica transaction and strong RWA growth.Source: earnings call transcript | 9.93%CET1 ended the quarter at 9.93%, an increase of 4 basis points sequentially despite strong period-end loan growth and absorbing $175 million of after-tax charges related to the merger and other items.Source: earnings call transcript | 10%CET1 ended the quarter at 10%, up 9 basis points as earnings more than offset risk-weighted asset growth of 1% and the impact of $211 million of after-tax charges related to the integration and other items.Source: earnings call transcript | +0.1 pt |
| Common equity tier 1 ratio (CET1) Pro forma including AOCI | 8.3%Our pro forma CET1 ratio, including the AOCI impact of the securities portfolio is 8.3% up 52 basis points year-over-year.Source: earnings call transcript | 8.6%Our pro forma CET1 ratio including the AOCI impact of securities is 8.6%, up 60 basis points year-over-year.Source: earnings call transcript | — | 8.7%Our CET1 ratio, including the AOCI impact of our securities portfolio, was 8.7%, and tangible common equity, including AOCI, improved to 7.3%.Source: earnings call transcript | — | — |
| Net interest margin | — | — | — | 3.36%Net interest income was $2.22 billion, and net interest margin expanded 6 basis points sequentially to 3.36%.Source: earnings call transcript | 3.34%Net interest margin was 3.34%, down 2 basis points.Source: earnings call transcript | 0 pt |
| Assets under management (AUM) | — | — | $119BLooking further at wealth, fees were $233 million and total AUM ended the quarter at $119 billion.Source: earnings call transcript | $128BTotal assets under management were [ $128 billion ], and on a legacy Fifth Third basis, AUM was $85 billion, up 16% from the prior year.Source: earnings call transcript | $125BTotal assets under management were $125 billion at quarter end.Source: earnings call transcript | -2.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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