FITB Fifth Third (FITB) Q2 FY26 earnings call
Fifth Third delivered strong Q2 FY26 results, showcasing the combined company's earnings power through margin expansion and improved efficiency, largely driven by successful integration with Comerica. The bank is on track to achieve its full annualized run rate synergies by Q4, with significant deposit growth in new markets and robust fee business performance. Management plans to reinvest additional synergies into revenue growth initiatives, particularly in consumer deposits and digital innovation, while maintaining a disciplined approach to capital returns.
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FITB operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Mar 2026 Q1 FY26 | This call 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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