Fifth Third's net interest income jumps 49% on Comerica deal
Fifth Third Bancorp posted third-quarter net income up 36%, with net interest income surging as the Comerica acquisition added to its balance sheet.
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what happened
Regional U.S. lender Fifth Third Bancorp lifted third-quarter net income 36% year on year, to $828 million, according to Reuters, which cited LSEG and company data. Net interest income climbed 49% to $2.27 billion, mainly because of the Comerica acquisition.
Reported earnings per share were flat at $0.90, while adjusted EPS, excluding merger and other charges, came in at $1.13. The share count rose about 37%, which offset the profit gain. RTTNews and dpa-AFX reported that interest income rose 39% and the provision for credit losses fell 38% to $122 million.
why it matters
The results show the bank benefiting from higher market rates and loan growth, though management expects competition for deposits to persist in a volatile economy. For investors in U.S. regional banks, the quarter shows how acquisitions can lift revenue quickly, while dilution from new shares weighs on per-share figures.
market impact
US banks: Comerica deal and higher interest income support the regional bank sector
tags
instruments
sources
- Fifth Third Bancorp Q3 net interest income jumps on Comerica acquisition — Reuters, 19 October 2026 at 10:39 UTC
- Fifth Third Bancorp Q3 Profit, Interest Income Climb Mainly On Comerica Integration — TradingView, 19 October 2026 at 11:45 UTC
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