Fifth Third Bancorp's first quarter 2026 EPS missed on merger costs while Net Interest Income beat guidance.

Fifth Third Bancorp reported first quarter 2026 revenue of $2.83 billion and diluted EPS of $0.15, missing consensus estimates. Reported results were significantly impacted by $567 million in after-tax charges, or $0.68 per share, related to the Comerica acquisition which closed on February 1.

Key Highlights

• Net interest income (FTE) grew 34% year-over-year to $1.94 billion, slightly ahead of the company's $1.93 billion guidance, driven by the acquisition.
• Net interest margin (NIM) expanded by 17 basis points sequentially to 3.30%, benefiting from the Comerica integration and lower funding costs.
• Credit quality remained stable, with the net charge-off ratio at 0.37% and the nonperforming asset (NPA) ratio improving to 0.57% from 0.81% in the prior year.