FITB 8-K

Fifth Third Bancorp (FITB)

8-K 2026-04-17 For: 2026-04-17

View Original

Added on April 17, 2026

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →


						FIFTH THIRD BANCORP
						(Registrant)

Date: April 17, 2026						/s/ Bryan D. Preston

						Bryan D. Preston
						Executive Vice President and Chief Financial Officer



Key Financial Data							Key Highlights

$ in millions for all balance sheet and income statement items
	1Q26		4Q25		1Q25		Successfully closed Comerica acquisition Opening Balances as of February 1st: •Total assets, including goodwill, of $86 billion •Total loans of $51 billion •Total deposits of $65 billion Stability: •Solid credit performance. Net charge-offs(b) of 37 bps in 1Q26; lowest since 4Q23 •Funding mix strengthened; demand deposits increased from 25% of total deposits to 28% •Tangible Common Equity(a) increased 11 bps to 7.3% Profitability: •Net interest margin(a) expanded 17 bps sequentially •Adjusted ROTCE ex. AOCI(a) improved 190 bps and adjusted ROA(a) improved 9 bps year-over-year •Tangible book value per share(a) grew 15% year-over-year Growth: •Newline deposits up $2.7B and fee revenues up 30% year-over-year •Legacy Fifth Third consumer household growth of 3%, including 8% in the Southeast •LOIs for 81 Texas branch locations executed or in process

Income Statement Data
Net income available to common shareholders	$128		$699		$478
Net interest income (U.S. GAAP)	1,934		1,529		1,437
Net interest income (FTE)(a)	1,939		1,533		1,442
Noninterest income	895		811		694
Noninterest expense	2,395		1,309		1,304

Per Share Data
Earnings per share, basic	$0.16		$1.05		$0.71
Earnings per share, diluted	0.15		1.04		0.71
Book value per share	35.24		30.18		27.41
Tangible book value per share(a)	22.88		22.60		19.92

Balance Sheet & Credit Quality
Average portfolio loans and leases	$157,632		$123,430		$121,272
Average deposits	209,352		168,384		164,157
Accumulated other comprehensive loss	(3,234)		(3,110)		(3,895)
Net charge-off ratio(b)	0.37	%	0.40	%	0.46	%
Nonperforming asset ratio(c)	0.57		0.65		0.81

Financial Ratios
Return on average assets	0.25	%	1.36	%	0.99	%
Return on average common equity	1.8		14.0		10.8
Return on average tangible common equity(a)	3.5		19.0		15.2
CET1 capital(d)	9.96		10.81		10.43
Net interest margin(a)	3.30		3.13		3.03
Efficiency(a)	84.5		55.8		61.0
Other than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.


Income Statement Highlights
($ in millions, except per share data)	For the Three Months Ended			% Change
	March	December	March
	2026	2025	2025	Seq	Yr/Yr
Condensed Statements of Income
Net interest income (NII)(a)	$1,939	$1,533	$1,442	26%	34%
Provision for credit losses	227	119	174	91%	30%
Noninterest income	895	811	694	10%	29%
Noninterest expense	2,395	1,309	1,304	83%	84%
Income before income taxes(a)	$212	$916	$658	(77)%	(68)%

Taxable equivalent adjustment	$5	$4	$5	25%	—
Applicable income tax expense	42	181	138	(77)%	(70)%
Net income	$165	$731	$515	(77)%	(68)%
Dividends on preferred stock	37	32	37	16%	—
Net income available to common shareholders	$128	$699	$478	(82)%	(73)%
Earnings per share, diluted	$0.15	$1.04	$0.71	(86)%	(79)%


Net Interest Income
(FTE; $ in millions)(a)	For the Three Months Ended						% Change
	March		December		March
	2026		2025		2025		Seq	Yr/Yr
Interest Income
Interest income	$2,977		$2,472		$2,437		20%	22%
Interest expense	1,038		939		995		11%	4%
Net interest income (NII)	$1,939		$1,533		$1,442		26%	34%


Average Yield/Rate Analysis							bps Change
Yield on interest-earning assets	5.07	%	5.05	%	5.13	%	2	(6)
Rate paid on interest-bearing liabilities	2.44	%	2.60	%	2.80	%	(16)	(36)

Ratios
Net interest rate spread	2.63	%	2.45	%	2.33	%	18	30
Net interest margin (NIM)	3.30	%	3.13	%	3.03	%	17	27


Noninterest Income
($ in millions)	For the Three Months Ended			% Change
	March	December	March
	2026	2025	2025	Seq	Yr/Yr
Noninterest Income
Wealth and asset management revenue	$233	$185	$172	26%	35%
Commercial payments revenue	218	167	153	31%	42%
Consumer banking revenue	146	143	137	2%	7%
Capital markets fees	134	121	90	11%	49%
Commercial banking revenue	105	102	80	3%	31%
Mortgage banking net revenue	44	56	57	(21)%	(23)%
Other noninterest income	27	42	14	(36)%	93%
Securities losses, net	(12)	(5)	(9)	140%	33%


Total noninterest income	$895	$811	$694	10%	29%


Noninterest Income excluding certain items
($ in millions)	For the Three Months Ended			% Change
	March	December	March
	2026	2025	2025	Seq	Yr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)	$895	$811	$694
Merger-related charges	22	—	—
Interchange litigation matters	(8)	8	18
Litigation settlements	—	(12)	—
Securities losses, net	12	5	9
Noninterest income excluding certain items(a)	$921	$812	$721	13%	28%


Noninterest Expense excluding certain item(s)
($ in millions)	For the Three Months Ended			% Change
	March	December	March
	2026	2025	2025	Seq	Yr/Yr
Noninterest Expense excluding certain item(s)
Noninterest expense (U.S. GAAP)	$2,395	$1,309	$1,304
Merger-related charges	(635)	(13)	—
Fifth Third Foundation contribution	—	(50)	—

FDIC special assessment	—	25	—
Interchange litigation matters	—	(3)	—

Noninterest expense excluding certain item(s)(a)	$1,760	$1,268	$1,304	39%	35%
Non-qualified deferred compensation benefit	9	5	4
Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a)	$1,769	$1,273	$1,308	39%	35%


Average Interest-Earning Assets
($ in millions)	For the Three Months Ended			% Change
	March	December	March
	2026	2025	2025	Seq	Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$73,264	$53,947	$53,401	36%	37%
Commercial mortgage loans	21,969	12,079	12,368	82%	78%
Commercial construction loans	7,278	5,399	5,797	35%	26%
Commercial leases	3,347	3,172	3,110	6%	8%
Total commercial loans and leases	$105,858	$74,597	$74,676	42%	42%
Consumer loans:
Residential mortgage loans	$18,848	$17,660	$17,552	7%	7%
Home equity	6,064	4,769	4,222	27%	44%
Indirect secured consumer loans	18,105	17,879	16,476	1%	10%
Credit card	1,659	1,694	1,627	(2)%	2%
Solar energy installation loans	4,516	4,486	4,221	1%	7%
Other consumer loans	2,582	2,345	2,498	10%	3%
Total consumer loans	$51,774	$48,833	$46,596	6%	11%
Total average portfolio loans and leases	$157,632	$123,430	$121,272	28%	30%

Average Loans and Leases Held for Sale
Commercial loans and leases held for sale	$85	$19	$64	347%	33%
Consumer loans held for sale	566	698	428	(19)%	32%
Total average loans and leases held for sale	$651	$717	$492	(9)%	32%

Total average loans and leases	$158,283	$124,147	$121,764	27%	30%

Securities (taxable and tax-exempt)	$59,950	$52,512	$56,598	14%	6%
Other short-term investments	19,728	17,485	14,446	13%	37%
Total average interest-earning assets	$237,961	$194,144	$192,808	23%	23%


End of Period Interest-Earning Assets
($ in millions)	As of			% Change
	March	December	March
	2026	2025	2025	Seq	Yr/Yr
End of Period Portfolio Loans and Leases
Total commercial loans and leases	$122,859	$73,562	$75,137	67%	64%
Total consumer loans	53,391	49,089	47,054	9%	13%
Total portfolio loans and leases	$176,250	$122,651	$122,191	44%	44%

End of Period Loans and Leases Held for Sale


Total loans and leases held for sale	$1,365	$733	$473	86%	189%

Total loans and leases	$177,615	$123,384	$122,664	44%	45%

Securities (taxable and tax-exempt)	$67,823	$51,961	$56,323	31%	20%
Other short-term investments	17,456	18,876	14,965	(8)%	17%
Total interest-earning assets	$262,894	$194,221	$193,952	35%	36%


Average Wholesale Funding
	($ in millions)	For the Three Months Ended			% Change
		March	December	March
		2026	2025	2025	Seq	Yr/Yr
	Average Wholesale Funding
	CDs over $250,0001	$2,807	$1,948	$2,346	44%	20%

	Federal funds purchased	178	204	194	(13)%	(8)%
	Securities sold under repurchase agreements	322	365	286	(12)%	13%
	FHLB advances	99	2,552	4,767	(96)%	(98)%
	Derivative collateral and other secured borrowings	83	84	84	(1)%	(1)%
	Long-term debt	18,062	13,700	14,585	32%	24%
	Total average wholesale funding	$21,551	$18,853	$22,262	14%	(3)%
	1CDs over $250,000 includes $0.4BN, $0.8BN, and $1.3BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 3/31/26, 12/31/25, and 3/31/25, respectively.


Credit Quality Summary
($ in millions)	As of and For the Three Months Ended
	March		December		September		June		March
	2026		2025		2025		2025		2025

Total nonaccrual portfolio loans and leases (NPLs)	$960		$767		$768		$853		$966
Repossessed property	11		11		12		8		9
OREO	28		19		21		25		21
Total nonperforming portfolio loans and leases and OREO (NPAs)	$999		$797		$801		$886		$996

NPL ratio(f)	0.54	%	0.62	%	0.62	%	0.70	%	0.79	%
NPA ratio(c)	0.57	%	0.65	%	0.65	%	0.72	%	0.81	%

Portfolio loans and leases 30-89 days past due (accrual)	$683		$360		$348		$277		$385
Portfolio loans and leases 90 days past due (accrual)	49		30		29		34		33

30-89 days past due as a % of portfolio loans and leases	0.39	%	0.29	%	0.28	%	0.23	%	0.31	%
90 days past due as a % of portfolio loans and leases	0.03	%	0.02	%	0.02	%	0.03	%	0.03	%

Allowance for loan and lease losses (ALLL), beginning	$2,253		$2,265		$2,412		$2,384		$2,352
Total net losses charged-off	(144)		(125)		(339)		(139)		(136)
Provision for loan and lease losses	152		113		192		167		168
Allowance on PCD loans and leases at acquisition	180		—		—		—		—
Allowance on PSLs at acquisition	481		—		—		—		—
ALLL, ending	$2,922		$2,253		$2,265		$2,412		$2,384

Reserve for unfunded commitments, beginning	$157		$151		$146		$140		$134
Provision for the reserve for unfunded commitments	75		6		5		6		6
Reserve for unfunded commitments, ending	$232		$157		$151		$146		$140

Total allowance for credit losses (ACL)	$3,154		$2,410		$2,416		$2,558		$2,524

ACL ratios:
As a % of portfolio loans and leases	1.79	%	1.96	%	1.96	%	2.09	%	2.07	%
As a % of nonperforming portfolio loans and leases	328	%	314	%	314	%	300	%	261	%
As a % of nonperforming portfolio assets	316	%	302	%	302	%	289	%	253	%

ALLL as a % of portfolio loans and leases	1.66	%	1.84	%	1.84	%	1.97	%	1.95	%

Total losses charged-off	$(187)		$(177)		$(382)		$(194)		$(173)
Total recoveries of losses previously charged-off	43		52		43		55		37
Total net losses charged-off1	$(144)		$(125)		$(339)		$(139)		$(136)

Net charge-off ratio (NCO ratio)(b)1	0.37	%	0.40	%	1.09	%	0.45	%	0.46	%
Commercial NCO ratio	0.26	%	0.27	%	1.46	%	0.38	%	0.35	%
Consumer NCO ratio	0.58	%	0.59	%	0.52	%	0.56	%	0.63	%
1Excludes net charge-offs of $21 million which were taken immediately at the time of merger.


Capital Position
	As of and For the Three Months Ended
	March		December		September		June		March
	2026		2025		2025		2025		2025
Capital Position
Average total Bancorp shareholders' equity as a % of average assets	11.34	%	10.11	%	10.02	%	9.82	%	9.50	%
Tangible equity(a)	9.01	%	9.28	%	9.12	%	9.39	%	9.07	%
Tangible common equity (excluding AOCI)(a)	8.26	%	8.46	%	8.29	%	8.38	%	8.07	%
Tangible common equity (including AOCI)(a)	7.25	%	7.14	%	6.89	%	6.84	%	6.40	%

Regulatory Capital Ratios(d)
CET1 capital	9.96	%	10.81	%	10.57	%	10.58	%	10.43	%
Tier 1 risk-based capital	10.86	%	11.87	%	11.63	%	11.85	%	11.71	%
Total risk-based capital	12.56	%	13.78	%	13.54	%	13.77	%	13.63	%
Leverage	10.20	%	9.41	%	9.24	%	9.42	%	9.23	%




			Financial Highlights			14-15
			Consolidated Statements of Income			16-17
			Consolidated Balance Sheets			18-19
			Consolidated Statements of Changes in Equity			20
			Average Balance Sheets and Yield/Rate Analysis			21
			Summary of Loans and Leases			22
			Regulatory Capital			23
			Summary of Credit Loss Experience			24
			Asset Quality			25
			Non-GAAP Reconciliation			26-28
			Segment Presentation			29


Fifth Third Bancorp and Subsidiaries
Financial Highlights		As of and For the Three Months Ended						% / bps
$ in millions, except per share data								Change
(unaudited)		March		December		March
		2026		2025		2025		Seq		Yr/Yr
Income Statement Data
Net interest income		$1,934		$1,529		$1,437		26%		35%
Net interest income (FTE)(a)		1,939		1,533		1,442		26%		34%
Noninterest income		895		811		694		10%		29%
	Total revenue (FTE)(a)	2,834		2,344		2,136		21%		33%
Provision for credit losses		227		119		174		91%		30%
Noninterest expense		2,395		1,309		1,304		83%		84%
Net income		165		731		515		(77%)		(68%)
Net income available to common shareholders		128		699		478		(82%)		(73%)

Earnings Per Share Data
Net income allocated to common shareholders		$128		$699		$478		(82%)		(73%)
Average common shares outstanding (in thousands):
	Basic	825,119		664,384		671,052		24%		23%
	Diluted	830,274		669,153		676,040		24%		23%
Earnings per share, basic		$0.16		$1.05		$0.71		(85%)		(77%)
Earnings per share, diluted		0.15		1.04		0.71		(86%)		(79%)

Common Share Data
Cash dividends per common share		$0.40		$0.40		$0.37		—		8%
Book value per share		35.24		30.18		27.41		17%		29%
Market value per share		46.46		46.81		39.20		(1%)		19%
Common shares outstanding (in thousands)		905,823		661,198		667,272		37%		36%
Market capitalization		$42,085		$30,951		$26,157		36%		61%

Financial Ratios
Return on average assets		0.25	%	1.36	%	0.99	%	(111)		(74)
Return on average common equity		1.8	%	14.0	%	10.8	%	NM		(900)
Return on average tangible common equity(a)		3.5	%	19.0	%	15.2	%	NM		NM
Noninterest income as a percent of total revenue(a)		32	%	35	%	32	%	(300)		—
Dividend payout		250.0	%	38.1	%	52.1	%	NM		NM
Average total Bancorp shareholders’ equity as a percent of average assets		11.34	%	10.11	%	9.50	%	123		184
Tangible common equity(a)		8.26	%	8.46	%	8.07	%	(20)		19
Net interest margin (FTE)(a)		3.30	%	3.13	%	3.03	%	17		27
Efficiency (FTE)(a)		84.5	%	55.8	%	61.0	%	NM		NM
Effective tax rate		20.1	%	19.8	%	21.2	%	30		(110)

Credit Quality
Net losses charged-off(h)		$144		$125		$136		15	%	6	%
Net losses charged-off as a percent of average portfolio loans and leases (annualized)		0.37	%	0.40	%	0.46	%	(3)		(9)
ALLL as a percent of portfolio loans and leases		1.66	%	1.84	%	1.95	%	(18)		(29)
ACL as a percent of portfolio loans and leases(f)		1.79	%	1.96	%	2.07	%	(17)		(28)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.57	%	0.65	%	0.81	%	(8)		(24)

Average Balances
Loans and leases, including held for sale		$158,283		$124,147		$121,764		27%		30%
Securities and other short-term investments		79,678		69,997		71,044		14%		12%
Assets		265,551		213,021		210,558		25%		26%
Transaction deposits(b)		194,904		155,895		151,431		25%		29%
Core deposits(c)		206,545		166,436		161,811		24%		28%
Wholesale funding(d)		21,551		18,853		22,262		14%		(3%)
Bancorp shareholders' equity		30,108		21,527		20,000		40%		51%

Regulatory Capital Ratios(e)
CET1 capital		9.96	%	10.81	%	10.43	%	(85)		(47)
Tier 1 risk-based capital		10.86	%	11.87	%	11.71	%	(101)		(85)
Total risk-based capital		12.56	%	13.78	%	13.63	%	(122)		(107)
Leverage		10.20	%	9.41	%	9.23	%	79		97

Additional Metrics
Banking centers		1,489		1,130		1,084		32%		37%
ATMs		2,643		2,199		2,069		20%		28%
Full-time equivalent employees		25,980		18,676		18,786		39%		38%
Assets under care ($ in billions)(g)		$746		$690		$639		8%		17%
Assets under management ($ in billions)(g)		119		80		68		49%		75%


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions	For the Three Months Ended			% Change
(unaudited)	March	December	March
	2026	2025	2025	Seq	Yr/Yr
Interest Income
Interest and fees on loans and leases	$2,293	$1,862	$1,816	23%	26%
Interest on securities	501	431	451	16%	11%
Interest on other short-term investments	178	175	165	2%	8%
Total interest income	2,972	2,468	2,432	20%	22%

Interest Expense
Interest on deposits	813	726	743	12%	9%
Interest on short-term borrowings	5	34	58	(85%)	(91%)
Interest on long-term debt	220	179	194	23%	13%
Total interest expense	1,038	939	995	11%	4%

Net Interest Income	1,934	1,529	1,437	26%	35%

Provision for credit losses	227	119	174	91%	30%
Net Interest Income After Provision for Credit Losses	1,707	1,410	1,263	21%	35%

Noninterest Income
Wealth and asset management revenue	233	185	172	26%	35%
Commercial payments revenue	218	167	153	31%	42%
Consumer banking revenue	146	143	137	2%	7%
Capital markets fees	134	121	90	11%	49%
Commercial banking revenue	105	102	80	3%	31%
Mortgage banking net revenue	44	56	57	(21%)	(23%)
Other noninterest income	27	42	14	(36%)	93%
Securities losses, net	(12)	(5)	(9)	140%	33%

Total noninterest income	895	811	694	10%	29%

Noninterest Expense
Compensation and benefits	1,410	683	750	106%	88%
Technology and communications	204	138	123	48%	66%
Net occupancy expense	140	89	87	57%	61%
Card and processing expense	79	27	21	193%	276%
Equipment expense	55	43	42	28%	31%
Loan and lease expense	42	41	30	2%	40%
Marketing expense	50	37	28	35%	79%
Other noninterest expense	415	251	223	65%	86%
Total noninterest expense	2,395	1,309	1,304	83%	84%
Income Before Income Taxes	207	912	653	(77%)	(68%)
Applicable income tax expense	42	181	138	(77%)	(70%)
Net Income	165	731	515	(77%)	(68%)
Dividends on preferred stock	37	32	37	16%	—
Net Income Available to Common Shareholders	$128	$699	$478	(82%)	(73%)


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data	As of
(unaudited)	March	December	September	June	March
	2026	2025	2025	2025	2025
Assets
Cash and due from banks	$4,084	$3,499	$2,901	$2,972	$3,009
Other short-term investments	17,456	18,876	17,215	13,043	14,965
Available-for-sale debt and other securities(a)	46,161	36,159	36,461	38,270	39,747
Held-to-maturity securities(b)	16,389	11,368	11,498	11,630	11,185
Trading debt securities	1,669	1,057	1,266	1,324	1,159
Equity securities	544	453	287	404	494
Loans and leases held for sale	1,365	733	576	646	473
Portfolio loans and leases:
Commercial and industrial loans	83,864	52,749	53,947	53,312	53,700
Commercial mortgage loans	27,143	12,228	11,932	12,112	12,357
Commercial construction loans	8,329	5,316	5,326	5,551	5,952
Commercial leases	3,523	3,269	3,218	3,177	3,128
Total commercial loans and leases	122,859	73,562	74,423	74,152	75,137
Residential mortgage loans	19,507	17,652	17,644	17,681	17,581
Home equity	6,735	4,846	4,678	4,485	4,265
Indirect secured consumer loans	18,296	17,964	17,885	17,591	16,804
Credit card	1,658	1,747	1,692	1,707	1,660
Solar energy installation loans	4,465	4,560	4,432	4,316	4,262
Other consumer loans	2,730	2,320	2,376	2,464	2,482
Total consumer loans	53,391	49,089	48,707	48,244	47,054
Portfolio loans and leases	176,250	122,651	123,130	122,396	122,191
Allowance for loan and lease losses	(2,922)	(2,253)	(2,265)	(2,412)	(2,384)
Portfolio loans and leases, net	173,328	120,398	120,865	119,984	119,807
Bank premises and equipment	3,283	2,734	2,655	2,560	2,506
Goodwill	9,966	4,947	4,947	4,918	4,918
Intangible assets	1,233	69	76	75	82
Servicing rights	1,583	1,598	1,601	1,629	1,663
Other assets	19,978	12,485	12,555	12,536	12,661
Total Assets	$297,039	$214,376	$212,903	$209,991	$212,669

Liabilities
Deposits:
Demand	$65,335	$42,647	$41,830	$42,174	$40,855


Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ and shares in millions		As of and For the Three Months Ended
(unaudited)		March		December		September		June		March
		2026		2025		2025		2025		2025
Net interest income		$1,934		$1,529		$1,520		$1,495		$1,437
Add: Taxable equivalent adjustment		5		4		5		5		5
Net interest income (FTE) (a)		1,939		1,533		1,525		1,500		1,442

Net interest income (annualized) (b)		7,843		6,066		6,030		5,996		5,828
Net interest income (FTE) (annualized) (c)		7,864		6,082		6,050		6,016		5,848

Interest income		2,972		2,468		2,519		2,484		2,432
Add: Taxable equivalent adjustment		5		4		5		5		5
Interest income (FTE)		2,977		2,472		2,524		2,489		2,437
Interest income (FTE) (annualized) (d)		12,073		9,807		10,014		9,983		9,883

Interest expense (annualized) (e)		4,210		3,725		3,963		3,967		4,035
Average interest-earning assets (f)		237,961		194,144		193,500		192,682		192,808
Average interest-bearing liabilities (g)		172,326		143,518		143,096		142,913		144,285

Net interest margin (b) / (f)		3.30	%	3.12	%	3.12	%	3.11	%	3.02	%
Net interest margin (FTE) (c) / (f)		3.30	%	3.13	%	3.13	%	3.12	%	3.03	%
Net interest rate spread (FTE) (d) / (f) - (e) / (g)		2.63	%	2.45	%	2.41	%	2.40	%	2.33	%

Income before income taxes		$207		$912		$837		$808		$653
Add: Taxable equivalent adjustment		5		4		5		5		5
Income before income taxes (FTE)		212		916		842		813		658

Net income available to common shareholders		128		699		608		591		478
Add: Intangible amortization, net of tax		34		5		5		5		6
Tangible net income available to common shareholders (h)		162		704		613		596		484
Tangible net income available to common shareholders (annualized) (i)		657		2,793		2,432		2,391		1,963

Average Bancorp shareholders’ equity		30,108		21,527		21,216		20,670		20,000
Less:	Average preferred stock	(2,040)		(1,770)		(2,112)		(2,116)		(2,116)
	Average goodwill	(8,686)		(4,947)		(4,937)		(4,918)		(4,918)
	Average intangible assets	(841)		(72)		(77)		(79)		(86)
Average tangible common equity, including AOCI (j)		18,541		14,738		14,090		13,557		12,880