Fifth Third posts $0.83 second-quarter EPS
- Fifth Third Bancorp (NYSE:FITB) reported second quarter 2026 earnings of $0.83 per share, with an adjusted EPS of $1.02.
- The company's net interest margin expanded by 6 basis points compared to the previous quarter.
- Management attributed current profitability to disciplined expense management and strong organic growth across key banking divisions.
Fifth Third Bancorp (NYSE:FITB) reported Q2 2026 EPS of $0.83 and adjusted EPS of $1.02, supported by organic growth and Comerica integration.
Reported EPS increased from $0.15 in Q1, while adjusted EPS rose from about $0.84 as merger-related costs affected the earlier period.
Net interest margin expanded six basis points sequentially, while interest-bearing deposit costs declined two basis points to 2.13%.
Net charge-offs fell to 30 basis points, the adjusted efficiency ratio improved to 57.1% and tangible common equity increased 43 basis points year over year.
Meanwhile, Fifth Third completed its $10.9 billion acquisition of Comerica in February, expanding the combined bank’s presence across Texas and other major markets.
The Southwest campaign added $2.5 billion of consumer deposits, while Newline deposits rose $2.1 billion and fee revenue increased 35% year over year.
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