Fifth Third Bancorp Reports Second Quarter 2026 Earnings

Fifth Third Bancorp Reports Second Quarter 2026 Earnings July 17, 2026 Organic momentum and integration progress advance the earnings power of the combined company Reported EPS of $0.83; adjusted EPS(a) of $1.02 excludes $0.19 of certain items on page 2 Fifth Third Bancorp (NYSE: FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 2Q26 1Q26 2Q25 Stability: Strong credit performance. Net charge-offs (b) of 30 bps in 2Q26, the lowest level since 2Q23Interest-bearing deposit costs decreased 2 bps sequentially to 2.13%Tangible common equity (a) increased 43 bps year-over-year Profitability: Net interest margin (a) expanded 6 bps sequentiallyAdjusted ROTCE (a) improved 100 bps and adjusted ROA (a) improved 9 bps year-over- yearDisciplined expense management; adjusted efficiency ratio (a) of 57.1% improved 480 bps sequentially Growth: Delivered $2.5 billion of consumer deposits from the Comerica Southwest marketing campaignNewline deposits up $2.1 billion and fee revenues up 35% year-over-yearLegacy Fifth Third consumer household growth of 3%, including 7% in the Southeast Income Statement Data Net income available to common shareholders $763 $128 $591 Net interest income (U.S. GAAP) 2,215 1,934 1,495 Net interest income (FTE)(a) 2,220 1,939 1,500 Noninterest income 1,059 895 750 Noninterest expense 2,109 2,395 1,264 Per Share Data Earnings per share, basic $0.84 $0.16 $0.88 Earnings per share, diluted 0.83 0.15 0.88 Book value per share 35.56 35.24 28.47 Tangible book value per share(a) 23.15 22.88 20.98 Balance Sheet & Credit Quality Average portfolio loans and leases $177,572 $157,632 $123,071 Average deposits 231,506 209,352 163,575 Accumulated other comprehensive loss (3,345 ) (3,234 ) (3,546 ) Net charge-off ratio(b) 0.30 % 0.37 % 0.45 % Nonperforming asset ratio(c) 0.60 0.57 0.72 Financial Ratios Return on average assets 1.08 % 0.25 % 1.20 % Return on average common equity 9.5 1.8 12.8 Return on average tangible common equity(a) 15.6 3.5 17.6 CET1 capital(d) 9.93 9.89 10.58 Net interest margin(a) 3.36 3.30 3.12 Efficiency(a) 64.3 84.5 56.2 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. From Tim Spence, Fifth Third Chairman, CEO and President: Fifth Third's second quarter was another step toward the earnings power we committed to deliver by year-end. Our core business continues to grow, with momentum across our fee businesses, led by wealth and asset management, commercial payments, and capital markets. The results were higher returns and tangible book value per share growth. Our balance sheet is well-positioned, supporting net interest margin expansion and improved credit performance. The Comerica integration remains on track. Systems conversion is scheduled for Labor Day weekend and is the final step to unlocking the full run-rate of our expected cost synergies. Revenue synergies are emerging across our expanded footprint. Our deposit campaigns in the Comerica Southwest markets delivered results above our internal targets, and end-of-period commercial loan growth was broad-based across legacy geographies and specialty verticals. Our capital generation supports both reinvestment in the business and consistent returns to shareholders. Investments in deposits, payments, technology, and high-growth markets are increasingly visible in our results. We are building a Fifth Third that is not just larger, but is better and more resilient. We will continue to be guided by our operating priorities of stability, profitability, and growth – in that order. Income Statement Highlights ($ in millions, except per share data) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Condensed Statements of Income Net interest income (NII)(a) $2,220 $1,939 $1,500 14% 48% Provision for credit losses 129 227 173 (43)% (25)% Noninterest income 1,059 895 750 18% 41% Noninterest expense 2,109 2,395 1,264 (12)% 67% Income before income taxes(a) $1,041 $212 $813 391% 28% Taxable equivalent adjustment $5 $5 $5 — — Applicable income tax expense 235 42 180 460% 31% Net income $801 $165 $628 385% 28% Dividends on preferred stock 38 37 37 3% 3% Net income available to common shareholders $763 $128 $591 496% 29% Earnings per share, diluted $0.83 $0.15 $0.88 453% (6)% Fifth Third Bancorp (NYSE: FITB) today reported second quarter 2026 net income available to common shareholders of $763 million, or $0.83 per diluted share, compared to $128 million, or $0.15 per diluted share, in the prior quarter and $591 million, or $0.88 per diluted share, in the year-ago quarter. The second quarter of 2026 marked an important milestone for Fifth Third, surpassing $300 billion in total assets and formally becoming a Category III institution. Fifth Third has been preparing for a Category III transition over multiple years through sustained investments in risk, capital, liquidity, and regulatory reporting and is well-positioned to meet all Category III requirements on or before required dates. Diluted earnings per share impact of certain item(s) - 2Q26 (after-tax impact; $ in millions, except per share data) Merger-related charges(e)1,2 $(155) Securities repositioning losses(e) (8) Technology-related asset impairments(e) (5) Severance expense(e) (5) Interchange litigation matters(e)3 (2) After-tax impact of certain item(s) $(175) Diluted earnings per share impact of certain item(s)4 $(0.19) Totals may not foot due to rounding;1A portion of the adjustments related to merger-related expenses are not tax-deductible;2Pre-tax merger-related charges increased noninterest expense by $203 million;3Interchange litigation matters increased noninterest expense by $1 million and decreased noninterest income by $1 million;4Diluted earnings per share impact reflects 915.959 million average diluted shares outstanding Net Interest Income (FTE; $ in millions)(a) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Interest Income Interest income $3,377 $2,977 $2,489 13 % 36 % Interest expense 1,157 1,038 989 11 % 17 % Net interest income (NII) $2,220 $1,939 $1,500 14 % 48 % Average Yield/Rate Analysis bps Change Yield on interest-earning assets 5.11% 5.07% 5.18% 4 (7 ) Rate paid on interest-bearing liabilities 2.44% 2.44% 2.78% — (34 ) Ratios Net interest rate spread 2.67% 2.63% 2.40% 4 27 Net interest margin (NIM) 3.36% 3.30% 3.12% 6 24 Net interest income (FTE) of $2.220 billion increased 14% sequentially and 48% year-over-year. Both increases primarily reflect the addition of Comerica for a full-quarter. Organic loan production, continued fixed-rate asset repricing, and disciplined liability management also contributed to this growth. Net interest margin expanded 6 bps sequentially to 3.36% due to merger impacts, higher earning asset yields, and improved deposit pricing. Consumer deposits grew $4.6 billion as we continue to re-mix toward a more granular deposit base, which contributed to the 2 bps decrease in interest-bearing deposit costs. Noninterest Income ($ in millions) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Noninterest Income Wealth and asset management revenue $256 $233 $166 10% 54% Commercial payments revenue 254 218 152 17% 67% Consumer banking revenue 161 146 147 10% 10% Capital markets fees 154 134 90 15% 71% Commercial banking revenue 125 105 79 19% 58% Mortgage banking net revenue 39 44 56 (11)% (30)% Other noninterest income 50 27 44 85% 14% Securities gains/(losses), net 20 (12) 16 NM 25% Total noninterest income $1,059 $895 $750 18% 41% Noninterest income of $1.059 billion increased $164 million, or 18% sequentially and $309 million, or 41%, year-over-year. The reported results reflect the impact of certain items in the table below, including securities gains/losses which incorporate the mark-to-market impacts from securities tied to non-qualified deferred compensation plans, which are offset in noninterest expense. Securities repositioning losses of approximately $10 million reflect active portfolio management resulting in opportunistically repositioning $4 billion of notional short-duration securities to accelerate cash flow reinvestment, enhance net interest income and reduce down-rate risk sensitivity. Noninterest Income excluding certain items ($ in millions) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Noninterest Income excluding certain items Noninterest income (U.S. GAAP) $1,059 $895 $750 Interchange litigation matters 1 (8) 1 Merger-related charges — 22 — Securities repositioning losses 10 — — Other securities (gains)/losses, net (30) 12 (16) Noninterest income excluding certain items(a) $1,040 $921 $735 13% 41% Noninterest income excluding certain items of $1.040 billion increased $119 million, or 13%, compared to the prior quarter and increased $305 million, or 41%, from the year-ago quarter. Growth was driven by the full-quarter contribution from Comerica and momentum across our fee businesses. Wealth and asset management revenue of $256 million benefited from higher personal asset management revenue, 8% sequential assets under management growth, and favorable market performance, partially offset by the seasonal decline in tax‑related revenue from first-quarter highs. Commercial payments revenue of $254 million reflected continued strength in core treasury services and Newline. Capital markets fees of $154 million were led by client financial risk management and loan syndication activity. Commercial banking revenue of $125 million was driven by higher commercial lending-related activity and mortgage banking net revenue of $39 million declined on lower gains on loan sales. Noninterest Expense ($ in millions) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Noninterest Expense Compensation and benefits $1,129 $1,410 $698 (20)% 62% Technology and communications 250 204 126 23% 98% Net occupancy expense 154 140 83 10% 86% Card and processing expense 66 79 22 (16)% 200% Equipment expense 60 55 41 9% 46% Loan and lease expense 53 42 36 26% 47% Marketing expense 65 50 43 30% 51% Other noninterest expense 332 415 215 (20)% 54% Total noninterest expense $2,109 $2,395 $1,264 (12)% 67% Noninterest expense of $2.109 billion decreased 12% from the prior quarter and increased 67% from the year-ago quarter. The reported results reflect the impact of certain items in the table below. Noninterest Expense excluding certain item(s) ($ in millions) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Noninterest Expense excluding certain item(s) Noninterest expense (U.S. GAAP) $2,109 $2,395 $1,264 Merger-related charges (203) (635) — Technology-related asset impairments (7) — — Severance expense (7) — (15) Interchange litigation matters (1) — — Noninterest expense excluding certain item(s)(a) $1,891 $1,760 $1,249 7% 51% Non-qualified deferred compensation (expense)/benefit (30) 9 (16) Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a) $1,861 $1,769 $1,233 5% 51% Noninterest expense excluding certain items and non-qualified deferred compensation of $1.861 billion increased 5% sequentially and 51% year-over-year. Sequential growth reflected the full-quarter contribution from Comerica, higher technology and communications expense tied to integration activity, and elevated marketing spend supporting the Comerica deposit campaign, partially offset by lower compensation and benefits. Year-to-date merger-related charges represent approximately 65% of the expected full-year total, consistent with our integration timeline. Average Interest-Earning Assets ($ in millions) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Average Portfolio Loans and Leases Commercial loans and leases: Commercial and industrial loans $84,967 $73,264 $54,075 16% 57% Commercial mortgage loans 27,176 21,969 12,410 24% 119% Commercial construction loans 8,437 7,278 5,810 16% 45% Commercial leases 3,503 3,347 3,120 5% 12% Total commercial loans and leases $124,083 $105,858 $75,415 17% 65% Consumer loans: Residential mortgage loans $19,626 $18,848 $17,615 4% 11% Home equity 6,830 6,064 4,383 13% 56% Indirect secured consumer loans 18,239 18,105 17,248 1% 6% Credit card 1,646 1,659 1,659 (1)% (1)% Solar energy installation loans 4,384 4,516 4,268 (3)% 3% Other consumer loans 2,764 2,582 2,483 7% 11% Total consumer loans $53,489 $51,774 $47,656 3% 12% Total average portfolio loans and leases $177,572 $157,632 $123,071 13% 44% Average Loans and Leases Held for Sale Commercial loans and leases held for sale $399 $85 $45 369% 787% Consumer loans held for sale 736 566 541 30% 36% Total average loans and leases held for sale $1,135 $651 $586 74% 94% Total average loans and leases $178,707 $158,283 $123,657 13% 45% Securities (taxable and tax-exempt) $67,924 $59,950 $56,243 13% 21% Other short-term investments 18,358 19,728 12,782 (7)% 44% Total average interest-earning assets $264,989 $237,961 $192,682 11% 38% Total average portfolio loans and leases of $178 billion increased 13% sequentially and 44% year-over-year. Growth in both periods reflected the full-quarter contribution from Comerica, as well as underlying commercial loan momentum. Within the total, average commercial portfolio loans and leases of $124 billion grew 17% sequentially and 65% year-over-year, while average consumer portfolio loans of $53 billion grew 3% sequentially and 12% year-over-year, primarily reflecting growth in residential mortgage and home equity balances. Average securities (taxable and tax-exempt; amortized cost) of $68 billion increased 13% sequentially and 21% year-over-year, reflecting the addition of Comerica's securities portfolio and ongoing reinvestment activity. Average other short-term investments (including interest-bearing cash) of $18 billion decreased 7% sequentially and increased 44% year-over-year. The sequential decline primarily reflected the continued repositioning of the Comerica securities portfolio, seasonal deposit trends and loan growth. End of Period Interest-Earning Assets ($ in millions) As of % Change June March June 2026 2026 2025 Seq Yr/Yr End of Period Portfolio Loans and Leases Total commercial loans and leases $124,880 $122,859 $74,152 2% 68% Total consumer loans 53,648 53,391 48,244 — 11% Total portfolio loans and leases $178,528 $176,250 $122,396 1% 46% End of Period Loans and Leases Held for Sale Total loans and leases held for sale $866 $1,365 $646 (37)% 34% Total loans and leases $179,394 $177,615 $123,042 1% 46% Securities (taxable and tax-exempt) $68,332 $67,823 $55,109 1% 24% Other short-term investments 19,350 17,456 13,043 11% 48% Total interest-earning assets $267,076 $262,894 $191,194 2% 40% Period-end commercial portfolio loans and leases of $125 billion increased 2% sequentially and 68% year-over-year. Sequential growth was led by C&I, reflecting strong origination activity across corporate banking and middle market, partially offset by elevated payoffs. Period-end consumer portfolio loans of $54 billion were flat sequentially and increased 11% year-over-year. Sequentially, continued momentum in home equity and growth in residential mortgage were offset by declines in indirect secured consumer and solar energy installation balances. Total period-end securities (taxable and tax-exempt; amortized cost) of $68 billion increased 1% sequentially and 24% year-over-year. Period-end other short-term investments of $19 billion increased 11% sequentially and increased 48% year-over-year. The sequential increase primarily reflects the reversal of seasonal deposit trends experienced earlier in the quarter. Average Deposits ($ in millions) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Average Deposits Demand $63,976 $55,770 $40,885 15% 56% Interest checking 70,507 67,369 56,738 5% 24% Savings 18,430 17,546 16,962 5% 9% Money market 63,200 54,219 36,296 17% 74% Total transaction deposits $216,113 $194,904 $150,881 11% 43% CDs $250,000 or less 12,403 11,641 10,494 7% 18% Total core deposits $228,516 $206,545 $161,375 11% 42% CDs over $250,0001 2,990 2,807 2,200 7% 36% Total average deposits $231,506 $209,352 $163,575 11% 42% 1CDs over $250,000 includes $0.1BN, $0.4BN, and $1.1BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6/30/26, 3/31/26, and 6/30/25, respectively. Total average deposits of $232 billion increased 11% sequentially and 42% year-over-year. Period-end total deposits of $234 billion were flat sequentially and up 43% year-over-year. Period-end consumer deposits grew $4.6 billion in the quarter, supported by outperformance from the Comerica retail deposit campaign, and were largely offset by the intentional reduction of higher-cost, non-relationship commercial deposits. This mix shift is consistent with the strategy to increase granular consumer deposits. The period-end portfolio loan-to-core deposit ratio was 77%, compared to 76% in both the prior and year-ago quarters, reflecting balanced growth in loans and deposits. Average Wholesale Funding ($ in millions) For the Three Months Ended % Change June March June 2026 2026 2025 Seq Yr/Yr Average Wholesale Funding CDs over $250,0001 $2,990 $2,807 $2,200 7% 36% Federal funds purchased 160 178 206 (10)% (22)% Securities sold under repurchase agreements 444 322 353 38% 26% FHLB advances 3,437 99 4,976 NM (31)% Derivative collateral and other secured borrowings 64 83 89 (23)% (28)% Long-term debt 18,817 18,062 14,599 4% 29% Total average wholesale funding $25,912 $21,551 $22,423 20% 16% 1CDs over $250,000 includes $0.1BN, $0.4BN, and $1.1BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6/30/26, 3/31/26, and 6/30/25, respectively. Average wholesale funding of $26 billion increased 20% sequentially, driven primarily by a $3.3 billion increase in short-term FHLB advances used to bridge the seasonal trough in commercial deposit balances. Compared to the year-ago quarter, average wholesale funding increased 16%, driven by a $4.2 billion increase in long-term debt associated with the Comerica acquisition, partially offset by a $1.5 billion decline in FHLB advances as strong deposit growth reduced the reliance on wholesale funding. Credit Quality Summary ($ in millions) As of and For the Three Months Ended June March December September June 2026 2026 2025 2025 2025 Total nonaccrual portfolio loans and leases (NPLs) $1,041 $960 $767 $768 $853 Repossessed property 10 11 11 12 8 OREO 24 28 19 21 25 Total nonperforming portfolio loans and leases and OREO (NPAs) $1,075 $999 $797 $801 $886 NPL ratio(f) 0.58% 0.54% 0.62% 0.62% 0.70% NPA ratio(c) 0.60% 0.57% 0.65% 0.65% 0.72% Portfolio loans and leases 30-89 days past due (accrual) $561 $683 $360 $348 $277 Portfolio loans and leases 90 days past due (accrual) 33 49 30 29 34 30-89 days past due as a % of portfolio loans and leases 0.31% 0.39% 0.29% 0.28% 0.23% 90 days past due as a % of portfolio loans and leases 0.02% 0.03% 0.02% 0.02% 0.03% Allowance for loan and lease losses (ALLL), beginning $2,922 $2,253 $2,265 $2,412 $2,384 Total net losses charged-off (135) (144) (125) (339) (139) Provision for loan and lease losses 131 152 113 192 167 Allowance on PCD loans and leases at acquisition (1) 180 — — — Allowance on PSLs at acquisition 1 481 — — — ALLL, ending $2,918 $2,922 $2,253 $2,265 $2,412 Reserve for unfunded commitments, beginning $232 $157 $151 $146 $140 (Benefit from) provision for the reserve for unfunded commitments (2) 75 6 5 6 Reserve for unfunded commitments, ending $230 $232 $157 $151 $146 Total allowance for credit losses (ACL) $3,148 $3,154 $2,410 $2,416 $2,558 ACL ratios: As a % of portfolio loans and leases 1.76% 1.79% 1.96% 1.96% 2.09% As a % of nonperforming portfolio loans and leases 303% 328% 314% 314% 300% As a % of nonperforming portfolio assets 293% 316% 302% 302% 289% ALLL as a % of portfolio loans and leases 1.63% 1.66% 1.84% 1.84% 1.97% Total losses charged-off $(181) $(187) $(177) $(382) $(194) Total recoveries of losses previously charged-off 46 43 52 43 55 Total net losses charged-off1 $(135) $(144) $(125) $(339) $(139) Net charge-off ratio (NCO ratio)(b)1 0.30% 0.37% 0.40% 1.09% 0.45% Commercial NCO ratio 0.21% 0.26% 0.27% 1.46% 0.38% Consumer NCO ratio 0.53% 0.58% 0.59% 0.52% 0.56% 1Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition. The provision for credit losses totaled $129 million in the current quarter, down from $227 million in the prior quarter, which included an $83 million Day 1 allowance build associated with the Comerica acquisition. The ACL ratio was 1.76% of total portfolio loans and leases at quarter end, down 3 bps sequentially and 33 bps year-over-year, primarily reflecting the addition of Comerica's portfolio mix and continued strong credit performance. The ACL coverage ratio remained strong at 303% of nonperforming portfolio loans and leases and 293% of nonperforming portfolio assets. Net charge-offs totaled $135 million, and the NCO ratio improved 7 bps sequentially to 0.30%, the lowest level since the second quarter of 2023. Commercial net charge-offs of $64 million represented a commercial NCO ratio of 0.21%, down 5 bps sequentially, while consumer net charge-offs of $71 million equated to a consumer NCO ratio of 0.53%, also down 5 bps from the prior quarter. Compared to the year-ago quarter, the NCO ratio improved 15 bps, with the commercial NCO ratio down 17 bps and the consumer NCO ratio down 3 bps. Nonperforming portfolio loans and leases totaled $1.041 billion, representing an NPL ratio of 0.58%, compared to 0.54% in the prior quarter and 0.70% in the year-ago quarter. Nonperforming portfolio assets totaled $1.075 billion, an NPA ratio of 0.60%, compared to 0.57% in the prior quarter and 0.72% in the year-ago quarter. The sequential increase reflected modest growth in consumer and commercial NPAs. Capital Position As of and For the Three Months Ended June March December September June 2026 2026 2025 2025 2025 Capital Position Average total Bancorp shareholders' equity as a % of average assets 11.50% 11.34% 10.11% 10.02% 9.82% Tangible equity(a) 9.04% 9.01% 9.28% 9.12% 9.39% Tangible common equity (excluding AOCI)(a) 8.30% 8.26% 8.46% 8.29% 8.38% Tangible common equity (including AOCI)(a) 7.27% 7.25% 7.14% 6.89% 6.84% Regulatory Capital Ratios(d) CET1 capital 9.93% 9.89% 10.81% 10.57% 10.58% Tier 1 risk-based capital 10.81% 10.79% 11.87% 11.63% 11.85% Total risk-based capital 12.50% 12.50% 13.78% 13.54% 13.77% Leverage 9.20% 10.22% 9.41% 9.24% 9.42% Fifth Third maintained a strong capital position. CET1 capital ratio increased 4 bps sequentially to 9.93%, as stronger capital generation was partially offset by risk-weighted asset growth. The year-to-date decrease in CET1 reflects the capital impacts from the Comerica acquisition and $933 million of pre-tax merger related impacts. There was no share repurchase activity in the first half of 2026. Tax Rate The effective tax rate for the quarter was 22.7% compared with 20.1% in the prior quarter and 22.2% in the year-ago quarter. Conference Call Fifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Us” then “Investor Relations”). Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address, which will be available for 30 days. Corporate Profile Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is to be the one bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the New York Stock Exchange under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC. Earnings Release End Notes (a) Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 27. (b) Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. (c) Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO. (d) Current period regulatory capital ratios are estimated. (e) Assumes a 24% tax rate. (f) Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. FORWARD-LOOKING STATEMENTS This release contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements other than statements of historical fact are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission (“SEC”). There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) any instability or disruption in the financial system, including those caused by actual or perceived issues affecting the soundness of other financial institutions or market participants; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements, including the use of artificial intelligence; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments; and (46) risks relating to the merger with Comerica Incorporated, including Fifth Third’s inability to realize the anticipated benefits of the merger and potential disruption to Fifth Third’s business resulting from post-merger integration. You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information contained herein is intended to be reviewed in its totality, and any stipulations, conditions or provisos that apply to a given piece of information in one part of this press release should be read as applying mutatis mutandis to every other instance of such information appearing herein. Quarterly Financial Review for June 30, 2026 Table of Contents 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 21-22 Summary of Loans and Leases 23 Regulatory Capital 24 Summary of Credit Loss Experience 25 Asset Quality 26 Non-GAAP Reconciliation 27-29 Segment Presentation 30 Fifth Third Bancorp and Subsidiaries Financial Highlights As of and For the Three Months Ended % / bps % / bps $ in millions, except per share data Change Year to Date Change (unaudited) June March June June June 2026 2026 2025 Seq Yr/Yr 2026 2025 Yr/Yr Income Statement Data Net interest income $2,215 $1,934 $1,495 15% 48% $4,149 $2,932 42% Net interest income (FTE)(a) 2,220 1,939 1,500 14% 48% 4,159 2,942 41% Noninterest income 1,059 895 750 18% 41% 1,954 1,444 35% Total revenue (FTE)(a) 3,279 2,834 2,250 16% 46% 6,113 4,386 39% Provision for credit losses 129 227 173 (43%) (25%) 356 347 3% Noninterest expense 2,109 2,395 1,264 (12%) 67% 4,504 2,568 75% Net income 801 165 628 385% 28% 966 1,142 (15%) Net income available to common shareholders 763 128 591 496% 29% 891 1,069 (17%) Earnings Per Share Data Net income allocated to common shareholders $763 $128 $591 496% 29% $891 $1,069 (17%) Average common shares outstanding (in thousands): Basic 911,613 825,119 670,787 10% 36% 868,605 670,919 29% Diluted 915,959 830,274 674,034 10% 36% 873,353 675,032 29% Earnings per share, basic $0.84 $0.16 $0.88 425% (5%) $1.03 $1.59 (35%) Earnings per share, diluted 0.83 0.15 0.88 453% (6%) 1.02 1.58 (35%) Common Share Data Cash dividends per common share $0.40 $0.40 $0.37 — 8% $0.80 $0.74 8% Book value per share 35.56 35.24 28.47 1% 25% 35.56 28.47 25% Market value per share 56.37 46.46 41.13 21% 37% 56.37 41.13 37% Common shares outstanding (in thousands) 906,573 905,823 667,710 — 36% 906,573 667,710 36% Market capitalization $51,103 $42,085 $27,463 21% 86% $51,103 $27,463 86% Financial Ratios Return on average assets 1.08% 0.25% 1.20% 83 (12) 0.69% 1.09% (40) Return on average common equity 9.5% 1.8% 12.8% 770 (330) 6.0% 11.8% (580) Return on average tangible common equity(a) 15.6% 3.5% 17.6% NM (200) 10.0% 16.5% (650) Noninterest income as a percent of total revenue(a) 32% 32% 33% — (100) 32% 33% (100) Dividend payout 47.6% 250.0% 42.0% NM NM 77.7% 46.5% NM Average total Bancorp shareholders’ equity as a percent of average assets 11.50% 11.34% 9.82% 16 168 11.42% 9.66% 176 Tangible common equity(a) 8.30% 8.26% 8.38% 4 (8) 8.30% 8.38% (8) Net interest margin (FTE)(a) 3.36% 3.30% 3.12% 6 24 3.33% 3.08% 25 Efficiency (FTE)(a) 64.3% 84.5% 56.2% NM 810 73.7% 58.6% NM Effective tax rate 22.7% 20.1% 22.2% 260 50 22.3% 21.8% 50 Credit Quality Net losses charged-off(h) $135 $144 $139 (6%) (3%) $279 $276 1% Net losses charged-off as a percent of average portfolio loans and leases (annualized) 0.30% 0.37% 0.45% (7) (15) 0.33% 0.45% (12) ALLL as a percent of portfolio loans and leases 1.63% 1.66% 1.97% (3) (34) 1.63% 1.97% (34) ACL as a percent of portfolio loans and leases(f) 1.76% 1.79% 2.09% (3) (33) 1.76% 2.09% (33) Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO 0.60% 0.57% 0.72% 3 (12) 0.60% 0.72% (12) Average Balances Loans and leases, including held for sale $178,707 $158,283 $123,657 13% 45% $168,552 $122,716 37% Securities and other short-term investments 86,282 79,678 69,025 8% 25% 82,998 70,029 19% Assets 297,947 265,551 210,554 12% 42% 281,839 210,556 34% Transaction deposits(b) 216,113 194,904 150,881 11% 43% 205,567 151,153 36% Core deposits(c) 228,516 206,545 161,375 11% 42% 217,591 161,591 35% Wholesale funding(d) 25,912 21,551 22,423 20% 16% 23,744 22,343 6% Bancorp shareholders' equity 34,260 30,108 20,670 14% 66% 32,195 20,337 58% Regulatory Capital Ratios(e) CET1 capital 9.93% 9.89% 10.58% 4 (65) 9.93% 10.58% (65) Tier 1 risk-based capital 10.81% 10.79% 11.85% 2 (104) 10.81% 11.85% (104) Total risk-based capital 12.50% 12.50% 13.77% — (127) 12.50% 13.77% (127) Leverage 9.20% 10.22% 9.42% (102) (22) 9.20% 9.42% (22) Additional Metrics Banking centers 1,500 1,489 1,089 1% 38% 1,500 1,089 38% ATMs 2,648 2,643 2,170 — 22% 2,648 2,170 22% Full-time equivalent employees 25,196 25,980 18,690 (3%) 35% 25,196 18,690 35% Assets under care ($ in billions)(g) $902 $865 $657 4% 37% $902 $657 37% Assets under management ($ in billions)(g) 128 119 73 8% 75% 128 73 75% (a) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27. (b) Includes demand, interest checking, savings and money market deposits.. (c) Includes transaction deposits plus CDs $250,000 or less. (d) Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt. (e) Current period regulatory capital ratios are estimates. (f) The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments. (g) Assets under management and assets under care include trust and brokerage assets. (h) Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition. Fifth Third Bancorp and Subsidiaries Financial Highlights $ in millions, except per share data As of and For the Three Months Ended (unaudited) June March December September June 2026 2026 2025 2025 2025 Income Statement Data Net interest income $2,215 $1,934 $1,529 $1,520 $1,495 Net interest income (FTE)(a) 2,220 1,939 1,533 1,525 1,500 Noninterest income 1,059 895 811 781 750 Total revenue (FTE)(a) 3,279 2,834 2,344 2,306 2,250 Provision for credit losses 129 227 119 197 173 Noninterest expense 2,109 2,395 1,309 1,267 1,264 Net income 801 165 731 649 628 Net income available to common shareholders 763 128 699 608 591 Earnings Per Share Data Net income allocated to common shareholders $763 $128 $699 $608 $591 Average common shares outstanding (in thousands): Basic 911,613 825,119 664,384 666,427 670,787 Diluted 915,959 830,274 669,153 670,878 674,034 Earnings per share, basic $0.84 $0.16 $1.05 $0.91 $0.88 Earnings per share, diluted 0.83 0.15 1.04 0.91 0.88 Common Share Data Cash dividends per common share $0.40 $0.40 $0.40 $0.40 $0.37 Book value per share 35.56 35.24 30.18 29.26 28.47 Market value per share 56.37 46.46 46.81 44.55 41.13 Common shares outstanding (in thousands) 906,573 905,823 661,198 660,973 667,710 Market capitalization $51,103 $42,085 $30,951 $29,446 $27,463 Financial Ratios Return on average assets 1.08% 0.25% 1.36% 1.21% 1.20% Return on average common equity 9.5% 1.8% 14.0% 12.6% 12.8% Return on average tangible common equity(a) 15.6% 3.5% 19.0% 17.3% 17.6% Noninterest income as a percent of total revenue(a) 32% 32% 35% 34% 33% Dividend payout 47.6% 250.0% 38.1% 44.0% 42.0% Average total Bancorp shareholders’ equity as a percent of average assets 11.50% 11.34% 10.11% 10.02% 9.82% Tangible common equity(a) 8.30% 8.26% 8.46% 8.29% 8.38% Net interest margin (FTE)(a) 3.36% 3.30% 3.13% 3.13% 3.12% Efficiency (FTE)(a) 64.3% 84.5% 55.8% 54.9% 56.2% Effective tax rate 22.7% 20.1% 19.8% 22.6% 22.2% Credit Quality Net losses charged-off(h) $135 $144 $125 $339 $139 Net losses charged-off as a percent of average portfolio loans and leases (annualized) 0.30% 0.37% 0.40% 1.09% 0.45% ALLL as a percent of portfolio loans and leases 1.63% 1.66% 1.84% 1.84% 1.97% ACL as a percent of portfolio loans and leases(f) 1.76% 1.79% 1.96% 1.96% 2.09% Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO 0.60% 0.57% 0.65% 0.65% 0.72% Average Balances Loans and leases, including held for sale $178,707 $158,283 $124,147 $123,993 $123,657 Securities and other short-term investments 86,282 79,678 69,997 69,507 69,025 Assets 297,947 265,551 213,021 211,770 210,554 Transaction deposits(b) 216,113 194,904 155,895 151,669 150,881 Core deposits(c) 228,516 206,545 166,436 162,510 161,375 Wholesale funding(d) 25,912 21,551 18,853 21,821 22,423 Bancorp shareholders’ equity 34,260 30,108 21,527 21,216 20,670 Regulatory Capital Ratios(e) CET1 capital 9.93% 9.89% 10.81% 10.57% 10.58% Tier 1 risk-based capital 10.81% 10.79% 11.87% 11.63% 11.85% Total risk-based capital 12.50% 12.50% 13.78% 13.54% 13.77% Leverage 9.20% 10.22% 9.41% 9.24% 9.42% Additional Metrics Banking centers 1,500 1,489 1,130 1,102 1,089 ATMs 2,648 2,643 2,199 2,184 2,170 Full-time equivalent employees 25,196 25,980 18,676 18,476 18,690 Assets under care ($ in billions)(g) $902 $865 $690 $681 $657 Assets under management ($ in billions)(g) 128 119 80 77 73 (a) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27. (b) Includes demand, interest checking, savings and money market deposits. (c) Includes transaction deposits plus CDs $250,000 or less. (d) Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt. (e) Current period regulatory capital ratios are estimates. (f) The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments. (g) Assets under management and assets under care include trust and brokerage assets. (h) Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition. Fifth Third Bancorp and Subsidiaries Consolidated Statements of Income $ in millions For the Three Months Ended % Change Year to Date % Change (unaudited) June March June June June 2026 2026 2025 Seq Yr/Yr 2026 2025 Yr/Yr Interest Income Interest and fees on loans and leases $2,607 $2,293 $1,881 14% 39% $4,900 $3,696 33% Interest on securities 598 501 458 19% 31% 1,099 910 21% Interest on other short-term investments 167 178 145 (6%) 15% 345 311 11% Total interest income 3,372 2,972 2,484 13% 36% 6,344 4,917 29% Interest Expense Interest on deposits 891 813 732 10% 22% 1,705 1,476 16% Interest on short-term borrowings 38 5 61 660% (38%) 43 119 (64%) Interest on long-term debt 228 220 196 4% 16% 447 390 15% Total interest expense 1,157 1,038 989 11% 17% 2,195 1,985 11% Net Interest Income 2,215 1,934 1,495 15% 48% 4,149 2,932 42% Provision for credit losses 129 227 173 (43%) (25%) 356 347 3% Net Interest Income After Provision for Credit Losses 2,086 1,707 1,322 22% 58% 3,793 2,585 47% Noninterest Income Wealth and asset management revenue 256 233 166 10% 54% 489 338 45% Commercial payments revenue 254 218 152 17% 67% 472 305 55% Consumer banking revenue 161 146 147 10% 10% 307 284 8% Capital markets fees 154 134 90 15% 71% 287 179 60% Commercial banking revenue 125 105 79 19% 58% 230 160 44% Mortgage banking net revenue 39 44 56 (11%) (30%) 83 113 (27%) Other noninterest income 50 27 44 85% 14% 78 58 34% Securities gains (losses), net 20 (12) 16 NM 25% 8 7 14% Total noninterest income 1,059 895 750 18% 41% 1,954 1,444 35% Noninterest Expense Compensation and benefits 1,129 1,410 698 (20%) 62% 2,539 1,447 75% Technology and communications 250 204 126 23% 98% 453 250 81% Net occupancy expense 154 140 83 10% 86% 295 171 73% Card and processing expense 66 79 22 (16%) 200% 144 43 235% Equipment expense 60 55 41 9% 46% 115 82 40% Loan and lease expense 53 42 36 26% 47% 95 66 44% Marketing expense 65 50 43 30% 51% 114 71 61% Other noninterest expense 332 415 215 (20%) 54% 749 438 71% Total noninterest expense 2,109 2,395 1,264 (12%) 67% 4,504 2,568 75% Income Before Income Taxes 1,036 207 808 400% 28% 1,243 1,461 (15%) Applicable income tax expense 235 42 180 460% 31% 277 319 (13%) Net Income 801 165 628 385% 28% 966 1,142 (15%) Dividends on preferred stock 38 37 37 3% 3% 75 73 3% Net Income Available to Common Shareholders $763 $128 $591 496% 29% $891 $1,069 (17%) Fifth Third Bancorp and Subsidiaries Consolidated Statements of Income $ in millions For the Three Months Ended (unaudited) June March December September June 2026 2026 2025 2025 2025 Interest Income Interest and fees on loans and leases $2,607 $2,293 $1,862 $1,909 $1,881 Interest on securities 598 501 431 444 458 Interest on other short-term investments 167 178 175 166 145 Total interest income 3,372 2,972 2,468 2,519 2,484 Interest Expense Interest on deposits 891 813 726 750 732 Interest on short-term borrowings 38 5 34 61 61 Interest on long-term debt 228 220 179 188 196 Total interest expense 1,157 1,038 939 999 989 Net Interest Income 2,215 1,934 1,529 1,520 1,495 Provision for credit losses 129 227 119 197 173 Net Interest Income After Provision for Credit Losses 2,086 1,707 1,410 1,323 1,322 Noninterest Income Wealth and asset management revenue 256 233 185 181 166 Commercial payments revenue 254 218 167 157 152 Consumer banking revenue 161 146 143 144 147 Capital markets fees 154 134 121 115 90 Commercial banking revenue 125 105 102 87 79 Mortgage banking net revenue 39 44 56 58 56 Other noninterest income 50 27 42 29 44 Securities gains (losses), net 20 (12) (5) 10 16 Total noninterest income 1,059 895 811 781 750 Noninterest Expense Compensation and benefits 1,129 1,410 683 685 698 Technology and communications 250 204 138 128 126 Net occupancy expense 154 140 89 89 83 Card and processing expense 66 79 27 22 22 Equipment expense 60 55 43 44 41 Loan and lease expense 53 42 41 39 36 Marketing expense 65 50 37 34 43 Other noninterest expense 332 415 251 226 215 Total noninterest expense 2,109 2,395 1,309 1,267 1,264 Income Before Income Taxes 1,036 207 912 837 808 Applicable income tax expense 235 42 181 188 180 Net Income 801 165 731 649 628 Dividends on preferred stock 38 37 32 41 37 Net Income Available to Common Shareholders $763 $128 $699 $608 $591 Fifth Third Bancorp and Subsidiaries Consolidated Balance Sheets $ in millions, except per share data As of % Change (unaudited) June March June 2026 2026 2025 Seq Yr/Yr Assets Cash and due from banks $4,374 $4,084 $2,972 7% 47% Other short-term investments 19,350 17,456 13,043 11% 48% Available-for-sale debt and other securities(a) 44,466 46,161 38,270 (4%) 16% Held-to-maturity securities(b) 18,404 16,389 11,630 12% 58% Trading debt securities 1,853 1,669 1,324 11% 40% Equity securities 495 544 404 (9%) 23% Loans and leases held for sale 866 1,365 646 (37%) 34% Portfolio loans and leases: Commercial and industrial loans 85,736 83,864 53,312 2% 61% Commercial mortgage loans 27,196 27,143 12,112 — 125% Commercial construction loans 8,459 8,329 5,551 2% 52% Commercial leases 3,489 3,523 3,177 (1%) 10% Total commercial loans and leases 124,880 122,859 74,152 2% 68% Residential mortgage loans 19,713 19,507 17,681 1% 11% Home equity 6,929 6,735 4,485 3% 54% Indirect secured consumer loans 18,186 18,296 17,591 (1%) 3% Credit card 1,683 1,658 1,707 2% (1%) Solar energy installation loans 4,314 4,465 4,316 (3%) — Other consumer loans 2,823 2,730 2,464 3% 15% Total consumer loans 53,648 53,391 48,244 — 11% Portfolio loans and leases 178,528 176,250 122,396 1% 46% Allowance for loan and lease losses (2,918) (2,922) (2,412) — 21% Portfolio loans and leases, net 175,610 173,328 119,984 1% 46% Bank premises and equipment 3,343 3,283 2,560 2% 31% Goodwill 9,990 9,966 4,918 — 103% Intangible assets 1,253 1,233 75 2% NM Servicing rights 1,607 1,583 1,629 2% (1%) Other assets 18,511 19,978 12,536 (7%) 48% Total Assets $300,122 $297,039 $209,991 1% 43% Liabilities Deposits: Demand $63,928 $65,335 $42,174 (2%) 52% Interest checking 70,527 72,425 55,524 (3%) 27% Savings 18,161 18,610 16,614 (2%) 9% Money market 65,932 62,345 36,586 6% 80% CDs $250,000 or less 12,708 11,807 10,883 8% 17% CDs over $250,000 2,885 3,099 2,426 (7%) 19% Total deposits 234,141 233,621 164,207 — 43% Short-term borrowings 4,633 1,289 3,571 259% 30% Accrued taxes, interest and expenses 3,024 2,628 1,970 15% 54% Other liabilities 6,265 6,642 4,627 (6%) 35% Long-term debt 17,636 18,753 14,492 (6%) 22% Total Liabilities 265,699 262,933 188,867 1% 41% Equity Common stock(c) 2,585 2,585 2,051 — 26% Preferred stock 2,182 2,182 2,116 — 3% Capital surplus 15,603 15,586 3,794 — 311% Retained earnings 25,645 25,248 24,718 2% 4% Accumulated other comprehensive loss (3,345) (3,234) (3,546) 3% (6%) Treasury stock (8,247) (8,261) (8,009) — 3% Total Equity 34,423 34,106 21,124 1% 63% Total Liabilities and Equity $300,122 $297,039 $209,991 1% 43% (a) Amortized cost $47,623 $49,238 $41,731 (3%) 14% (b) Market values 18,259 16,341 11,547 12% 58% (c) Common shares, stated value $2.22 per share (in thousands): Authorized 2,000,000 2,000,000 2,000,000 — — Outstanding, excluding treasury 906,573 905,823 667,710 — — Treasury 257,666 258,416 256,183 — — Fifth Third Bancorp and Subsidiaries Consolidated Balance Sheets $ in millions, except per share data As of (unaudited) June March December September June 2026 2026 2025 2025 2025 Assets Cash and due from banks $4,374 $4,084 $3,499 $2,901 $2,972 Other short-term investments 19,350 17,456 18,876 17,215 13,043 Available-for-sale debt and other securities(a) 44,466 46,161 36,159 36,461 38,270 Held-to-maturity securities(b) 18,404 16,389 11,368 11,498 11,630 Trading debt securities 1,853 1,669 1,057 1,266 1,324 Equity securities 495 544 453 287 404 Loans and leases held for sale 866 1,365 733 576 646 Portfolio loans and leases: Commercial and industrial loans 85,736 83,864 52,749 53,947 53,312 Commercial mortgage loans 27,196 27,143 12,228 11,932 12,112 Commercial construction loans 8,459 8,329 5,316 5,326 5,551 Commercial leases 3,489 3,523 3,269 3,218 3,177 Total commercial loans and leases 124,880 122,859 73,562 74,423 74,152 Residential mortgage loans 19,713 19,507 17,652 17,644 17,681 Home equity 6,929 6,735 4,846 4,678 4,485 Indirect secured consumer loans 18,186 18,296 17,964 17,885 17,591 Credit card 1,683 1,658 1,747 1,692 1,707 Solar energy installation loans 4,314 4,465 4,560 4,432 4,316 Other consumer loans 2,823 2,730 2,320 2,376 2,464 Total consumer loans 53,648 53,391 49,089 48,707 48,244 Portfolio loans and leases 178,528 176,250 122,651 123,130 122,396 Allowance for loan and lease losses (2,918) (2,922) (2,253) (2,265) (2,412) Portfolio loans and leases, net 175,610 173,328 120,398 120,865 119,984 Bank premises and equipment 3,343 3,283 2,734 2,655 2,560 Goodwill 9,990 9,966 4,947 4,947 4,918 Intangible assets 1,253 1,233 69 76 75 Servicing rights 1,607 1,583 1,598 1,601 1,629 Other assets 18,511 19,978 12,485 12,555 12,536 Total Assets $300,122 $297,039 $214,376 $212,903 $209,991 Liabilities Deposits: Demand $63,928 $65,335 $42,647 $41,830 $42,174 Interest checking 70,527 72,425 61,155 57,239 55,524 Savings 18,161 18,610 16,155 16,110 16,614 Money market 65,932 62,345 39,285 38,748 36,586 CDs $250,000 or less 12,708 11,807 10,599 10,667 10,883 CDs over $250,000 2,885 3,099 1,978 1,975 2,426 Total deposits 234,141 233,621 171,819 166,569 164,207 Short-term borrowings 4,633 1,289 926 5,260 3,571 Accrued taxes, interest and expenses 3,024 2,628 2,083 1,943 1,970 Other liabilities 6,265 6,642 4,235 4,347 4,627 Long-term debt 17,636 18,753 13,589 13,677 14,492 Total Liabilities 265,699 262,933 192,652 191,796 188,867 Equity Common stock(c) 2,585 2,585 2,051 2,051 2,051 Preferred stock 2,182 2,182 1,770 1,770 2,116 Capital surplus 15,603 15,586 3,831 3,813 3,794 Retained earnings 25,645 25,248 25,488 25,057 24,718 Accumulated other comprehensive loss (3,345) (3,234) (3,110) (3,276) (3,546) Treasury stock (8,247) (8,261) (8,306) (8,308) (8,009) Total Equity 34,423 34,106 21,724 21,107 21,124 Total Liabilities and Equity $300,122 $297,039 $214,376 $212,903 $209,991 (a) Amortized cost $47,623 $49,238 $39,107 $39,617 $41,731 (b) Market values 18,259 16,341 11,404 11,506 11,547 (c) Common shares, stated value $2.22 per share (in thousands): Authorized 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 Outstanding, excluding treasury 906,573 905,823 661,198 660,973 667,710 Treasury 257,666 258,416 262,695 262,919 256,183 Fifth Third Bancorp and Subsidiaries Consolidated Statements of Changes in Equity $ in millions (unaudited) For the Three Months Ended Year to Date June June June June 2026 2025 2026 2025 Total Equity, Beginning $34,106 $20,403 $21,724 $19,645 Net income 801 628 966 1,142 Other comprehensive (loss) income, net of tax: Change in unrealized (losses) gains: Available-for-sale debt securities (62) 179 (162) 660 Qualifying cash flow hedges (74) 148 (120) 383 Amortization of unrealized losses on securities transferred to held-to-maturity 24 22 46 47 Change in accumulated other comprehensive income related to employee benefit plans 1 — 1 — Comprehensive income 690 977 731 2,232 Cash dividends declared: Common stock (366) (250) (734) (501) Preferred stock (38) (37) (75) (73) Impact of Comerica acquisition — — 12,676 — Impact of stock transactions under stock compensation plans, net 32 31 102 47 Shares acquired for treasury — — — (226) Other (1) — (1) — Total Equity, Ending $34,423 $21,124 $34,423 $21,124 Fifth Third Bancorp and Subsidiaries Average Balance Sheets and Yield/Rate Analysis For the Three Months Ended $ in millions June March June (unaudited) 2026 2026 2025 Average Average Average Average Average Average Balance Yield/Rate Balance Yield/Rate Balance Yield/Rate Assets Interest-earning assets: Loans and leases: Commercial and industrial loans(a) $85,260 5.90% $73,302 5.89% $54,109 6.28% Commercial mortgage loans(a) 27,215 5.82% 22,005 5.85% 12,420 6.12% Commercial construction loans(a) 8,504 6.50% 7,287 6.45% 5,810 7.17% Commercial leases(a) 3,503 4.61% 3,347 4.86% 3,121 4.83% Total commercial loans and leases 124,482 5.89% 105,941 5.89% 75,460 6.26% Residential mortgage loans 20,362 4.16% 19,414 4.18% 18,156 3.98% Home equity 6,830 6.95% 6,065 7.02% 4,383 7.42% Indirect secured consumer loans 18,239 5.53% 18,105 5.54% 17,248 5.63% Credit card 1,646 13.69% 1,659 13.94% 1,659 14.33% Solar energy installation loans 4,384 7.93% 4,516 8.17% 4,268 8.10% Other consumer loans 2,764 8.66% 2,583 8.77% 2,483 9.09% Total consumer loans 54,225 5.80% 52,342 5.86% 48,197 5.87% Total loans and leases 178,707 5.86% 158,283 5.88% 123,657 6.11% Securities: Taxable securities 66,532 3.55% 58,587 3.41% 54,896 3.29% Tax exempt securities(a) 1,392 3.25% 1,363 3.26% 1,347 3.19% Other short-term investments 18,358 3.64% 19,728 3.67% 12,782 4.56% Total interest-earning assets 264,989 5.11% 237,961 5.07% 192,682 5.18% Cash and due from banks 3,307 3,066 2,437 Other assets 32,573 27,210 17,819 Allowance for loan and lease losses (2,922) (2,686) (2,384) Total Assets $297,947 $265,551 $210,554 Liabilities Interest-bearing liabilities: Interest checking deposits $70,507 2.15% $67,369 2.19% $56,738 2.69% Savings deposits 18,430 0.35% 17,546 0.35% 16,962 0.48% Money market deposits 63,200 2.43% 54,219 2.39% 36,296 2.40% CDs $250,000 or less 12,403 2.94% 11,641 3.14% 10,494 3.52% Total interest-bearing core deposits 164,540 2.11% 150,775 2.12% 120,490 2.36% CDs over $250,000 2,990 3.25% 2,807 3.41% 2,200 4.07% Total interest-bearing deposits 167,530 2.13% 153,582 2.15% 122,690 2.39% Federal funds purchased 160 3.65% 178 3.66% 206 4.39% Securities sold under repurchase agreements 444 1.69% 322 1.09% 353 1.16% FHLB advances 3,437 3.88% 99 4.10% 4,976 4.59% Derivative collateral and other secured borrowings 64 7.25% 83 7.49% 89 5.61% Long-term debt 18,817 4.87% 18,062 4.93% 14,599 5.36% Total interest-bearing liabilities 190,452 2.44% 172,326 2.44% 142,913 2.78% Demand deposits 63,976 55,770 40,885 Other liabilities 9,259 7,347 6,086 Total Liabilities 263,687 235,443 189,884 Total Equity 34,260 30,108 20,670 Total Liabilities and Equity $297,947 $265,551 $210,554 Ratios: Net interest margin (FTE)(b) 3.36% 3.30% 3.12% Net interest rate spread (FTE)(b) 2.67% 2.63% 2.40% Interest-bearing liabilities to interest-earning assets 71.87% 72.42% 74.17% (a) Average Yield/Rate of these assets are presented on an FTE basis. (b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27. Fifth Third Bancorp and Subsidiaries Average Balance Sheets and Yield/Rate Analysis Year to Date $ in millions June June (unaudited) 2026 2025 Average Average Average Average Balance Yield/Rate Balance Yield/Rate Assets Interest-earning assets: Loans and leases: Commercial and industrial loans(a) $79,315 5.90% $53,772 6.25% Commercial mortgage loans(a) 24,625 5.83% 12,404 6.05% Commercial construction loans(a) 7,899 6.48% 5,812 7.05% Commercial leases(a) 3,426 4.73% 3,115 4.81% Total commercial loans and leases 115,265 5.89% 75,103 6.22% Residential mortgage loans 19,891 4.17% 18,068 3.97% Home equity 6,449 6.98% 4,303 7.49% Indirect secured consumer loans 18,172 5.53% 16,864 5.60% Credit card 1,652 13.82% 1,643 14.54% Solar energy installation loans 4,449 8.05% 4,245 8.06% Other consumer loans 2,674 8.71% 2,490 9.23% Total consumer loans 53,287 5.83% 47,613 5.87% Total loans and leases 168,552 5.87% 122,716 6.08% Securities: Taxable securities 62,581 3.49% 55,050 3.27% Tax exempt securities(a) 1,378 3.25% 1,370 3.19% Other short-term investments 19,039 3.65% 13,609 4.60% Total interest-earning assets 251,550 5.09% 192,745 5.15% Cash and due from banks 3,187 2,413 Other assets 29,906 17,766 Allowance for loan and lease losses (2,804) (2,368) Total Assets $281,839 $210,556 Liabilities Interest-bearing liabilities: Interest checking deposits $68,946 2.17% $57,346 2.69% Savings deposits 17,990 0.35% 17,094 0.51% Money market deposits 58,735 2.41% 36,374 2.41% CDs $250,000 or less 12,024 3.04% 10,438 3.53% Total interest-bearing core deposits 157,695 2.12% 121,252 2.37% CDs over $250,000 2,899 3.32% 2,273 4.26% Total interest-bearing deposits 160,594 2.14% 123,525 2.41% Federal funds purchased 169 3.65% 200 4.38% Securities sold under repurchase agreements 384 1.44% 320 1.05% FHLB advances 1,777 3.89% 4,872 4.60% Derivative collateral and other secured borrowings 73 7.38% 86 6.02% Long-term debt 18,442 4.90% 14,592 5.37% Total interest-bearing liabilities 181,439 2.44% 143,595 2.79% Demand deposits 59,896 40,339 Other liabilities 8,309 6,285 Total Liabilities 249,644 190,219 Total Equity 32,195 20,337 Total Liabilities and Equity $281,839 $210,556 Ratios: Net interest margin (FTE)(b) 3.33% 3.08% Net interest rate spread (FTE)(b) 2.65% 2.36% Interest-bearing liabilities to interest-earning assets 72.13% 74.50% (a) Average Yield/Rate of these assets are presented on an FTE basis. (b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27. Fifth Third Bancorp and Subsidiaries Summary of Loans and Leases $ in millions For the Three Months Ended (unaudited) June March December September June 2026 2026 2025 2025 2025 Average Portfolio Loans and Leases Commercial loans and leases: Commercial and industrial loans $84,967 $73,264 $53,947 $54,170 $54,075 Commercial mortgage loans 27,176 21,969 12,079 12,027 12,410 Commercial construction loans 8,437 7,278 5,399 5,541 5,810 Commercial leases 3,503 3,347 3,172 3,177 3,120 Total commercial loans and leases 124,083 105,858 74,597 74,915 75,415 Consumer loans: Residential mortgage loans 19,626 18,848 17,660 17,656 17,615 Home equity 6,830 6,064 4,769 4,579 4,383 Indirect secured consumer loans 18,239 18,105 17,879 17,729 17,248 Credit card 1,646 1,659 1,694 1,678 1,659 Solar energy installation loans 4,384 4,516 4,486 4,355 4,268 Other consumer loans 2,764 2,582 2,345 2,414 2,483 Total consumer loans 53,489 51,774 48,833 48,411 47,656 Total average portfolio loans and leases $177,572 $157,632 $123,430 $123,326 $123,071 Average Loans and Leases Held for Sale Commercial loans and leases held for sale $399 $85 $19 $44 $45 Consumer loans held for sale 736 566 698 623 541 Average loans and leases held for sale $1,135 $651 $717 $667 $586 End of Period Portfolio Loans and Leases Commercial loans and leases: Commercial and industrial loans $85,736 $83,864 $52,749 $53,947 $53,312 Commercial mortgage loans 27,196 27,143 12,228 11,932 12,112 Commercial construction loans 8,459 8,329 5,316 5,326 5,551 Commercial leases 3,489 3,523 3,269 3,218 3,177 Total commercial loans and leases 124,880 122,859 73,562 74,423 74,152 Consumer loans: Residential mortgage loans 19,713 19,507 17,652 17,644 17,681 Home equity 6,929 6,735 4,846 4,678 4,485 Indirect secured consumer loans 18,186 18,296 17,964 17,885 17,591 Credit card 1,683 1,658 1,747 1,692 1,707 Solar energy installation loans 4,314 4,465 4,560 4,432 4,316 Other consumer loans 2,823 2,730 2,320 2,376 2,464 Total consumer loans 53,648 53,391 49,089 48,707 48,244 Total portfolio loans and leases $178,528 $176,250 $122,651 $123,130 $122,396 End of Period Loans and Leases Held for Sale Commercial loans and leases held for sale $171 $651 $75 $8 $74 Consumer loans held for sale 695 714 658 568 572 Loans and leases held for sale $866 $1,365 $733 $576 $646 Operating lease equipment $417 $416 $374 $379 $344 Loans and Leases Serviced for Others(a) Commercial and industrial loans $1,838 $1,801 $1,290 $1,206 $1,166 Commercial mortgage loans 2,193 518 501 558 601 Commercial construction loans 292 318 291 304 333 Commercial leases 817 821 853 764 757 Residential mortgage loans 85,907 86,733 87,827 89,639 91,201 Solar energy installation loans 643 665 686 692 557 Other consumer loans 81 86 92 98 105 Total loans and leases serviced for others 91,771 90,942 91,540 93,261 94,720 Total loans and leases owned or serviced $271,582 $268,973 $215,298 $217,346 $218,106 (a) Fifth Third sells certain loans and leases and obtains servicing responsibilities. Fifth Third Bancorp and Subsidiaries Regulatory Capital $ in millions As of (unaudited) June March December September June 2026(a) 2026 2025 2025 2025 Regulatory Capital CET1 capital $24,508 $24,136 $18,099 $17,645 $17,616 Additional tier 1 capital 2,182 2,182 1,770 1,770 2,116 Tier 1 capital 26,690 26,318 19,869 19,415 19,732 Tier 2 capital 4,164 4,179 3,197 3,204 3,197 Total regulatory capital $30,854 $30,497 $23,066 $22,619 $22,929 Risk-weighted assets $246,855 $243,964 $167,431 $166,999 $166,517 Ratios Average total Bancorp shareholders' equity as a percent of average assets 11.50% 11.34% 10.11% 10.02% 9.82% Regulatory Capital Ratios Fifth Third Bancorp CET1 capital 9.93% 9.89% 10.81% 10.57% 10.58% Tier 1 risk-based capital 10.81% 10.79% 11.87% 11.63% 11.85% Total risk-based capital 12.50% 12.50% 13.78% 13.54% 13.77% Leverage 9.20% 10.22% 9.41% 9.24% 9.42% Fifth Third Bank, National Association Tier 1 risk-based capital 11.69% 11.73% 13.09% 12.95% 12.87% Total risk-based capital 12.94% 13.00% 14.33% 14.19% 14.12% Leverage 9.99% 11.16% 10.41% 10.31% 10.25% (a) Current period regulatory capital data and ratios are estimated. Fifth Third Bancorp and Subsidiaries Summary of Credit Loss Experience $ in millions For the Three Months Ended (unaudited) June March December September June 2026 2026 2025 2025 2025 Average portfolio loans and leases: Commercial and industrial loans $84,967 $73,264 $53,947 $54,170 $54,075 Commercial mortgage loans 27,176 21,969 12,079 12,027 12,410 Commercial construction loans 8,437 7,278 5,399 5,541 5,810 Commercial leases 3,503 3,347 3,172 3,177 3,120 Total commercial loans and leases 124,083 105,858 74,597 74,915 75,415 Residential mortgage loans 19,626 18,848 17,660 17,656 17,615 Home equity 6,830 6,064 4,769 4,579 4,383 Indirect secured consumer loans 18,239 18,105 17,879 17,729 17,248 Credit card 1,646 1,659 1,694 1,678 1,659 Solar energy installation loans 4,384 4,516 4,486 4,355 4,268 Other consumer loans 2,764 2,582 2,345 2,414 2,483 Total consumer loans 53,489 51,774 48,833 48,411 47,656 Total average portfolio loans and leases $177,572 $157,632 $123,430 $123,326 $123,071 Losses charged-off: Commercial and industrial loans ($73) ($77) ($61) ($280) ($84) Commercial mortgage loans — — (7) (2) (4) Commercial construction loans — — — — — Commercial leases — — (1) — (2) Total commercial loans and leases (73) (77) (69) (282) (90) Residential mortgage loans (1) — — — — Home equity (1) (2) (2) (1) (2) Indirect secured consumer loans (36) (40) (41) (34) (33) Credit card (20) (19) (20) (20) (20) Solar energy installation loans (29) (26) (22) (20) (23) Other consumer loans (21) (23) (23) (25) (26) Total consumer loans (108) (110) (108) (100) (104) Total losses charged-off ($181) ($187) ($177) ($382) ($194) Recoveries of losses previously charged-off: Commercial and industrial loans $8 $8 $17 $6 $15 Commercial mortgage loans — — 1 1 1 Commercial construction loans 1 — — — — Commercial leases — — — — 3 Total commercial loans and leases 9 8 18 7 19 Residential mortgage loans 1 — 1 1 1 Home equity 1 2 1 2 2 Indirect secured consumer loans 18 16 14 16 17 Credit card 5 5 5 4 5 Solar energy installation loans 4 3 5 4 3 Other consumer loans 8 9 8 9 8 Total consumer loans 37 35 34 36 36 Total recoveries of losses previously charged-off $46 $43 $52 $43 $55 Net losses charged-off: Commercial and industrial loans ($65) ($69) ($44) ($274) ($69) Commercial mortgage loans — — (6) (1) (3) Commercial construction loans 1 — — — — Commercial leases — — (1) — 1 Total commercial loans and leases (64) (69) (51) (275) (71) Residential mortgage loans — — 1 1 1 Home equity — — (1) 1 — Indirect secured consumer loans (18) (24) (27) (18) (16) Credit card (15) (14) (15) (16) (15) Solar energy installation loans (25) (23) (17) (16) (20) Other consumer loans (13) (14) (15) (16) (18) Total consumer loans (71) (75) (74) (64) (68) Total net losses charged-off(a) ($135) ($144) ($125) ($339) ($139) Net losses charged-off as a percent of average portfolio loans and leases (annualized): Commercial and industrial loans 0.31% 0.38% 0.32% 2.01% 0.51% Commercial mortgage loans (0.01%) — 0.21% 0.04% 0.11% Commercial construction loans (0.02%) (0.02%) — — — Commercial leases (0.01%) — 0.16% (0.04%) (0.10%) Total commercial loans and leases 0.21% 0.26% 0.27% 1.46% 0.38% Residential mortgage loans — (0.01%) (0.01%) (0.02%) (0.01%) Home equity (0.02%) 0.01% 0.06% (0.05%) 0.02% Indirect secured consumer loans 0.40% 0.54% 0.59% 0.40% 0.37% Credit card 3.60% 3.51% 3.62% 3.70% 3.74% Solar energy installation loans 2.25% 2.03% 1.45% 1.47% 1.86% Other consumer loans 1.95% 2.19% 2.46% 2.51% 2.49% Total consumer loans 0.53% 0.58% 0.59% 0.52% 0.56% Total net losses charged-off as a percent of average portfolio loans and leases (annualized) 0.30% 0.37% 0.40% 1.09% 0.45% (a) Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition. Fifth Third Bancorp and Subsidiaries Asset Quality $ in millions For the Three Months Ended (unaudited) June March December September June 2026 2026 2025 2025 2025 Allowance for Credit Losses Allowance for loan and lease losses, beginning $2,922 $2,253 $2,265 $2,412 $2,384 Total net losses charged-off(d) (135) (144) (125) (339) (139) Provision for loan and lease losses 131 152 113 192 167 Allowance on PCD loans and leases at acquisition (1) 180 — — — Allowance on PSLs at acquisition 1 481 — — — Allowance for loan and lease losses, ending $2,918 $2,922 $2,253 $2,265 $2,412 Reserve for unfunded commitments, beginning $232 $157 $151 $146 $140 (Benefit from) provision for the reserve for unfunded commitments (2) 75 6 5 6 Reserve for unfunded commitments, ending $230 $232 $157 $151 $146 Components of allowance for credit losses: Allowance for loan and lease losses $2,918 $2,922 $2,253 $2,265 $2,412 Reserve for unfunded commitments 230 232 157 151 146 Total allowance for credit losses $3,148 $3,154 $2,410 $2,416 $2,558 As of June March December September June 2026 2026 2025 2025 2025 Nonperforming Assets and Delinquent Loans Nonaccrual portfolio loans and leases: Commercial and industrial loans $455 $417 $393 $393 $460 Commercial mortgage loans 94 94 34 42 48 Commercial construction loans 62 62 — — — Commercial leases 4 — — — — Residential mortgage loans 176 164 149 142 143 Home equity 131 104 71 72 75 Indirect secured consumer loans 62 58 61 61 65 Credit card 29 30 29 29 29 Solar energy installation loans 23 26 22 22 26 Other consumer loans 5 5 8 7 7 Total nonaccrual portfolio loans and leases 1,041 960 767 768 853 Repossessed property 10 11 11 12 8 OREO 24 28 19 21 25 Total nonperforming portfolio loans and leases and OREO 1,075 999 797 801 886 Nonaccrual loans held for sale 167 141 70 4 27 Total nonperforming assets $1,242 $1,140 $867 $805 $913 Loans and leases 90 days past due (accrual): Commercial and industrial loans $4 $3 $2 $2 $5 Commercial mortgage loans 1 19 — — 3 Commercial construction loans — 2 1 — — Commercial leases — 1 — — — Total commercial loans and leases 5 25 3 2 8 Residential mortgage loans(c) 11 7 10 11 8 Credit card 16 17 17 16 18 Other consumer loans 1 — — — — Total consumer loans 28 24 27 27 26 Total loans and leases 90 days past due (accrual)(b) $33 $49 $30 $29 $34 Ratios Net losses charged-off as a percent of average portfolio loans and leases (annualized) 0.30% 0.37% 0.40% 1.09% 0.45% Allowance for credit losses: As a percent of portfolio loans and leases 1.76% 1.79% 1.96% 1.96% 2.09% As a percent of nonperforming portfolio loans and leases(a) 303% 328% 314% 314% 300% As a percent of nonperforming portfolio assets(a) 293% 316% 302% 302% 289% Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a) 0.58% 0.54% 0.62% 0.62% 0.70% Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a) 0.60% 0.57% 0.65% 0.65% 0.72% Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property 0.69% 0.64% 0.70% 0.65% 0.74% (a) Excludes nonaccrual loans held for sale. (b) Excludes loans held for sale. (c) Excludes government guaranteed residential mortgage loans. (d) Excludes net charge-offs of $111 million which were taken immediately at the time of acquisition. Use of Non-GAAP Financial Measures In addition to GAAP measures, management considers various non-GAAP measures when evaluating the performance of the business, including: “net interest income (FTE),” “interest income (FTE),” “net interest margin (FTE),” “net interest rate spread (FTE),” “income before income taxes (FTE),” “tangible net income available to common shareholders,” “average tangible common equity,” “return on average tangible common equity,” “tangible common equity (excluding AOCI),” “tangible common equity (including AOCI),” “tangible equity,” “tangible book value per share,” “tangible book value per share (excluding AOCI),” “adjusted noninterest income,” “noninterest income excluding certain items,” “adjusted noninterest expense,” “noninterest expense excluding certain items,” “pre-provision net revenue,” “adjusted efficiency ratio,” “adjusted return on average common equity,” “adjusted return on average tangible common equity,” “adjusted return on average tangible common equity, excluding accumulated other comprehensive income", “adjusted pre-provision net revenue,” “adjusted return on average assets,” “efficiency ratio (FTE),” “total revenue (FTE),” "adjusted total revenue," “noninterest income as a percent of total revenue”, and certain ratios derived from these measures. The Bancorp believes these non-GAAP measures provide useful information to investors because these are among the measures used by the Fifth Third management team to evaluate operating performance and to make day-to-day operating decisions. The FTE basis adjusts for the tax-favored status of income from certain loans and securities held by the Bancorp that are not taxable for federal income tax purposes. The Bancorp believes this presentation to be the preferred industry measurement of net interest income and net interest margin as it provides a relevant comparison between taxable and non-taxable amounts. The Bancorp believes tangible net income available to common shareholders, average tangible common equity, tangible common equity (excluding AOCI), tangible common equity (including AOCI), tangible equity, tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of the business without the impacts of intangible items, whether acquired or created internally, in a manner comparable to other companies in the industry who present similar measures. The Bancorp believes noninterest income, noninterest expense, net interest income, net interest margin, pre-provision net revenue, efficiency ratio, adjusted total revenue, noninterest income as a percent of total revenue, return on average common equity, return on average tangible common equity, and return on average assets are important measures that adjust for significant, unusual, or large transactions that may occur in a reporting period which management does not consider indicative of ongoing financial performance and enhances comparability of results with prior periods. The Bancorp believes noninterest income excluding certain items and noninterest expense excluding certain items are important measures that adjust for certain components that are prone to significant period-to-period changes in order to facilitate the explanation of variances in the noninterest income and noninterest expense line items. Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity and tangible common equity (including and excluding AOCI), in addition to capital ratios defined by U.S. banking agencies. These calculations are intended to complement the capital ratios defined by U.S. banking agencies for both absolute and comparative purposes. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. Management believes that providing the tangible common equity ratio excluding AOCI on certain assets and liabilities enables investors and others to assess the Bancorp’s use of equity without the effects of changes in AOCI, some of which are uncertain; providing the tangible common equity ratio including AOCI enables investors and others to assess the Bancorp’s use of equity if components of AOCI, such as unrealized gains or losses, were to be monetized. Please note that although non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures. Please see reconciliations of all historical non-GAAP measures used in this release to the most directly comparable GAAP measures, beginning on the following page. Fifth Third Bancorp and Subsidiaries Non-GAAP Reconciliation $ and shares in millions As of and For the Three Months Ended (unaudited) June March December September June 2026 2026 2025 2025 2025 Net interest income $2,215 $1,934 $1,529 $1,520 $1,495 Add: Taxable equivalent adjustment 5 5 4 5 5 Net interest income (FTE) (a) 2,220 1,939 1,533 1,525 1,500 Net interest income (annualized) (b) 8,884 7,843 6,066 6,030 5,996 Net interest income (FTE) (annualized) (c) 8,904 7,864 6,082 6,050 6,016 Interest income 3,372 2,972 2,468 2,519 2,484 Add: Taxable equivalent adjustment 5 5 4 5 5 Interest income (FTE) 3,377 2,977 2,472 2,524 2,489 Interest income (FTE) (annualized) (d) 13,545 12,073 9,807 10,014 9,983 Interest expense (annualized) (e) 4,641 4,210 3,725 3,963 3,967 Average interest-earning assets (f) 264,989 237,961 194,144 193,500 192,682 Average interest-bearing liabilities (g) 190,452 172,326 143,518 143,096 142,913 Net interest margin (b) / (f) 3.35 % 3.30 % 3.12 % 3.12 % 3.11 % Net interest margin (FTE) (c) / (f) 3.36 % 3.30 % 3.13 % 3.13 % 3.12 % Net interest rate spread (FTE) (d) / (f) - (e) / (g) 2.67 % 2.63 % 2.45 % 2.41 % 2.40 % Income before income taxes $1,036 $207 $912 $837 $808 Add: Taxable equivalent adjustment 5 5 4 5 5 Income before income taxes (FTE) 1,041 212 916 842 813 Net income available to common shareholders 763 128 699 608 591 Add: Intangible amortization, net of tax 48 34 5 5 5 Tangible net income available to common shareholders (h) 811 162 704 613 596 Tangible net income available to common shareholders (annualized) (i) 3,253 657 2,793 2,432 2,391 Average Bancorp shareholders’ equity 34,260 30,108 21,527 21,216 20,670 Less: Average preferred stock (2,182) (2,040) (1,770) (2,112) (2,116) Average goodwill (9,973) (8,686) (4,947) (4,937) (4,918) Average intangible assets (1,257) (841) (72) (77) (79) Average tangible common equity, including AOCI (j) 20,848 18,541 14,738 14,090 13,557 Less: Average AOCI 3,377 3,080 3,137 3,520 3,935 Average tangible common equity, excluding AOCI (k) 24,225 21,621 17,875 17,610 17,492 Total Bancorp shareholders’ equity 34,423 34,106 21,724 21,107 21,124 Less: Preferred stock (2,182) (2,182) (1,770) (1,770) (2,116) Goodwill (9,990) (9,966) (4,947) (4,947) (4,918) Intangible assets (1,253) (1,233) (69) (76) (75) Tangible common equity, including AOCI (l) 20,998 20,725 14,938 14,314 14,015 Less: AOCI 3,345 3,234 3,110 3,276 3,546 Tangible common equity, excluding AOCI (m) 24,343 23,959 18,048 17,590 17,561 Add: Preferred stock 2,182 2,182 1,770 1,770 2,116 Tangible equity (n) 26,525 26,141 19,818 19,360 19,677 Total assets 300,122 297,039 214,376 212,903 209,991 Less: Goodwill (9,990) (9,966) (4,947) (4,947) (4,918) Intangible assets (1,253) (1,233) (69) (76) (75) Tangible assets, including AOCI (o) 288,879 285,840 209,360 207,880 204,998 Less: AOCI, before tax 4,401 4,255 4,092 4,311 4,666 Tangible assets, excluding AOCI (p) $293,280 $290,095 $213,452 $212,191 $209,664 Common shares outstanding (q) 907 906 661 661 668 Tangible equity (n) / (p) 9.04% 9.01% 9.28% 9.12% 9.39% Tangible common equity (excluding AOCI) (m) / (p) 8.30% 8.26% 8.46% 8.29% 8.38% Tangible common equity (including AOCI) (l) / (o) 7.27% 7.25% 7.14% 6.89% 6.84% Tangible book value per share (including AOCI) (l) / (q) $23.15 $22.88 $22.60 $21.66 $20.98 Tangible book value per share (excluding AOCI) (m) / (q) $26.84 $26.44 $27.30 $26.61 $26.29 Fifth Third Bancorp and Subsidiaries Non-GAAP Reconciliation $ in millions For the Three Months Ended (unaudited) June March June 2026 2026 2025 Net income (r) $801 $165 $628 Net income (annualized) (s) 3,213 669 2,519 Adjustments (pre-tax items) Merger-related charges 203 657 — Non-qualified deferred compensation expense/(benefit) 30 (9) 16 Securities repositioning losses 10 — — Technology-related asset impairments 7 — — Severance expense 7 — 15 Interchange litigation matters 2 (8) 1 Merger-related Day 1 ACL build — 83 — Other securities (gains)/losses, net (30) 12 (16) Adjustments, pre-tax 229 735 16 Applicable income tax expense on adjustments 54 166 4 Adjustments, after-tax (t)(a)(b) 175 569 12 Noninterest income (u) 1,059 895 750 Securities repositioning losses 10 — — Interchange litigation matters 1 (8) 1 Merger-related charges — 22 — Noninterest income excluding certain item(s) 1,070 909 751 Other securities (gains)/losses, net (30) 12 (16) Adjusted noninterest income, excluding certain items and securities losses (v) 1,040 921 735 Noninterest expense (w) 2,109 2,395 1,264 Merger-related charges (203) (635) — Technology-related asset impairments (7) — — Severance expense (7) — (15) Interchange litigation matters (1) — — Noninterest expense excluding certain item(s) 1,891 1,760 1,249 Non-qualified deferred compensation (expense)/benefit (30) 9 (16) Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (x) 1,861 1,769 1,233 Adjusted net income (r) + (t) 976 734 640 Adjusted net income (annualized) (y) 3,915 2,977 2,567 Adjusted tangible net income available to common shareholders (h) + (t) 986 731 608 Adjusted tangible net income available to common shareholders (annualized) (z) 3,955 2,965 2,439 Average assets (aa) $297,947 $265,551 $210,554 Return on average tangible common equity (i) / (j) 15.6% 3.5% 17.6% Return on average tangible common equity excluding AOCI (i) / (k) 13.4% 3.0% 13.7% Adjusted return on average tangible common equity, including AOCI (z) / (j) 19.0% 16.0% 18.0% Adjusted return on average tangible common equity, excluding AOCI (z) / (k) 16.3% 13.7% 13.9% Return on average assets (s) / (aa) 1.08% 0.25% 1.20% Adjusted return on average assets (y) / (aa) 1.31% 1.12% 1.22% Efficiency ratio (FTE) (w) / [(a) + (u)] 64.3% 84.5% 56.2% Adjusted efficiency ratio (x) / [(a) + (v)] 57.1% 61.9% 55.2% Total revenue (FTE) (a) + (u) $3,279 $2,834 $2,250 Adjusted total revenue (FTE) (a) + (v) $3,260 $2,860 $2,235 Pre-provision net revenue (PPNR) (a) + (u) - (w) $1,170 $439 $986 Adjusted pre-provision net revenue (PPNR) (a) + (v) - (x) $1,399 $1,091 $1,002 Totals may not foot due to rounding. (a) Assumes a 24% tax rate. (b) A portion of the adjustments related to merger-related expenses are not tax-deductible. Fifth Third Bancorp and Subsidiaries Segment Presentation $ in millions (unaudited) For the three months ended June 30, 2026 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Net interest income (FTE)(a) $1,115 $1,237 $113 $(245) $2,220 (Provision for) benefit from credit losses (25) (82) 4 (26) (129) Net interest income after (provision for) benefit from credit losses 1,090 1,155 117 (271) 2,091 Noninterest income 507 321 186 45 1,059 Noninterest expense (757) (860) (185) (307) (2,109) Income (loss) before income taxes (FTE)(a) $840 $616 $118 $(533) $1,041 For the three months ended March 31, 2026 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Net interest income (FTE)(a) $878 $1,073 $83 $(95) $1,939 (Provision for) benefit from credit losses (158) (89) — 20 (227) Net interest income after (provision for) benefit from credit losses 720 984 83 (75) 1,712 Noninterest income 441 298 164 (8) 895 Noninterest expense (734) (810) (183) (668) (2,395) Income (loss) before income taxes (FTE)(a) $427 $472 $64 $(751) $212 For the three months ended December 31, 2025 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Net interest income (FTE)(a) $581 $1,026 $52 $(126) $1,533 (Provision for) benefit from credit losses (46) (84) — 11 (119) Net interest income after (provision for) benefit from credit losses 535 942 52 (115) 1,414 Noninterest income 386 311 111 3 811 Noninterest expense (476) (645) (97) (91) (1,309) Income (loss) before income taxes (FTE)(a) $445 $608 $66 $(203) $916 For the three months ended September 30, 2025 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Net interest income (FTE)(a) $594 $1,082 $55 $(206) $1,525 (Provision for) benefit from credit losses (246) (73) — 122 (197) Net interest income after (provision for) benefit from credit losses 348 1,009 55 (84) 1,328 Noninterest income 357 309 109 6 781 Noninterest expense (454) (653) (93) (67) (1,267) Income (loss) before income taxes (FTE)(a) $251 $665 $71 $(145) $842 For the three months ended June 30, 2025 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Net interest income (FTE)(a) $595 $1,085 $57 $(237) $1,500 (Provision for) benefit from credit losses (79) (84) 2 (12) (173) Net interest income after (provision for) benefit from credit losses 516 1,001 59 (249) 1,327 Noninterest income 321 293 101 35 750 Noninterest expense (453) (646) (95) (70) (1,264) Income (loss) before income taxes (FTE)(a) $384 $648 $65 $(284) $813 (a) Includes taxable equivalent adjustments of $5 million for the three months ended June 30, 2026 and March 31, 2026, $4 million for the three months ended December 31, 2025 and $5 million for the three months ended September 30, 2025 and June 30, 2025. Category: Earnings Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 Source: Fifth Third Bancorp