Earnings release
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Fifth Third Bancorp Reports Third Quarter 2026 Earnings Organic momentum and successful integration advance the earnings power of the combined company Reported EPS of $0.90; adjusted EPS(a) of $1.13 excludes $0.23 of certain items on page 2 Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 3Q26 2Q26 3Q25 Stability: • Resilient credit performance. Net charge-offs(b) of 31 bps in 3Q26 • Core deposits increased 3% sequentially; loan- to-core deposit ratio of 76% • Strong client and banker retention through the Comerica conversion Profitability: • Net interest income increased 3% sequentially • 8% adjusted PPNR(a) growth and 450 bps of positive operating leverage from 2Q26 • 20.6% adjusted ROTCE(a) and 1.41% adjusted ROA(a) Growth: • Generated 70% more commercial new quality relationships compared to 3Q25 • Consumer household growth of 7% in the Southeast and 8% in the Southwest • Gained deposit share in Texas and California, with capped deposits in Dallas, Houston and Austin each up more than 20% year-over-year, while Southeast deposit growth was more than five times the market rate Income Statement Data Net income available to common shareholders $828 $763 $608 Net interest income (U.S. GAAP) 2,271 2,215 1,520 Net interest income (FTE)(a) 2,276 2,220 1,525 Noninterest income 1,008 1,059 781 Noninterest expense 2,049 2,109 1,267 Per Share Data Earnings per share, basic $0.91 $0.84 $0.91 Earnings per share, diluted 0.90 0.83 0.91 Book value per share 34.31 35.63 29.26 Tangible book value per share(a) 22.01 23.22 21.66 Balance Sheet & Credit Quality Average portfolio loans and leases $179,244 $177,572 $123,326 Average deposits 238,344 231,506 164,754 Accumulated other comprehensive loss (4,919) (3,286) (3,276) Net charge-off ratio(b) 0.31 % 0.30 % 1.09 % Nonperforming asset ratio(c) 0.64 0.60 0.65 Financial Ratios Return on average assets 1.14 % 1.08 % 1.21 % Return on average common equity 10.2 9.5 12.6 Return on average tangible common equity(a) 16.6 15.6 17.3 CET1 capital(d) 10.02 9.93 10.57 Net interest margin(a) 3.34 3.36 3.13 Efficiency(a) 62.4 64.3 54.9 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 third quarter reflected the earnings power of the combined company. Even while integrating Comerica, our adjusted return on tangible common equity and efficiency ratio improved from the second quarter, and credit performance remained stable. Less than a year after we announced the Comerica acquisition, we completed the systems conversion with strong client and banker retention. Most importantly, the business is growing. The latest FDIC data show sustained deposit share gains in the Southeast and new share gains in Comerica's Michigan, Texas and California markets, and household growth continues to be led by the Southeast. We live in a more volatile world, and competition for deposits is heating up. Multiple sources of low-cost deposits and limited exposure to the borrowers most sensitive to higher rates give us flexibility regardless of the rate environment. We are building a Fifth Third that is better and not just bigger. We will continue to be guided by our operating priorities of stability, profitability and growth – in that order. Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 October 19, 2026
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Income Statement Highlights ($ in millions, except per share data) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Condensed Statements of Income Net interest income (NII)(a) $2,276 $2,220 $1,525 3% 49% Provision for credit losses 122 129 197 (5)% (38)% Noninterest income 1,008 1,059 781 (5)% 29% Noninterest expense 2,049 2,109 1,267 (3)% 62% Income before income taxes(a) $1,113 $1,041 $842 7% 32% Taxable equivalent adjustment $5 $5 $5 — — Applicable income tax expense 242 235 188 3% 29% Net income $866 $801 $649 8% 33% Dividends on preferred stock 38 38 41 — (7)% Net income available to common shareholders $828 $763 $608 9% 36% Earnings per share, diluted $0.90 $0.83 $0.91 8% (1)% Fifth Third Bancorp (NYSE: FITB) today reported third quarter 2026 net income available to common shareholders of $828 million, or $0.90 per diluted share, compared to $763 million, or $0.83 per diluted share, in the prior quarter and $608 million, or $0.91 per diluted share, in the year-ago quarter. Diluted earnings per share impact of certain item(s) - 3Q26 (after-tax impact; $ in millions, except per share data) Merger-related charges(e)1,2 $(171) Interchange litigation matters(e)3 (26) Technology-related asset impairments(e) (14) After-tax impact of certain item(s) $(211) Diluted earnings per share impact of certain item(s)4 $(0.23) 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 $215 million and decreased noninterest income by $10 million; 3Interchange litigation matters increased noninterest expense by $5 million and decreased noninterest income by $29 million; 4Diluted earnings per share impact reflects 917.103 million average diluted shares outstanding 2
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Net Interest Income (FTE; $ in millions)(a) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Interest Income Interest income $3,503 $3,377 $2,524 4% 39% Interest expense 1,227 1,157 999 6% 23% Net interest income (NII) $2,276 $2,220 $1,525 3% 49% Average Yield/Rate Analysis bps Change Yield on interest-earning assets 5.15% 5.11% 5.18% 4 (3) Rate paid on interest-bearing liabilities 2.50% 2.44% 2.77% 6 (27) Ratios Net interest rate spread 2.65% 2.67% 2.41% (2) 24 Net interest margin (NIM) 3.34% 3.36% 3.13% (2) 21 Net interest income (FTE) increased 3% sequentially to $2.28 billion, reflecting the benefit of higher market rates, continued fixed-rate asset repricing, active investment portfolio management, and loan growth. These benefits were partially offset by higher deposit costs due to higher market rates and the migration of former off-balance-sheet Comerica investment sweep balances into interest-bearing deposits. Compared with the year-ago quarter, net interest income increased 49%, primarily reflecting the addition of Comerica, with further support from fixed-rate asset repricing and balance sheet management. 3
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Noninterest Income ($ in millions) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Noninterest Income Wealth and asset management revenue $259 $256 $181 1% 43% Commercial payments revenue 256 254 157 1% 63% Consumer banking revenue 158 161 144 (2)% 10% Capital markets fees 147 154 115 (5)% 28% Commercial banking revenue 128 125 87 2% 47% Mortgage banking net revenue 47 39 58 21% (19)% Other noninterest income 18 50 29 (64)% (38)% Securities (losses) gains, net (5) 20 10 NM NM Total noninterest income $1,008 $1,059 $781 (5)% 29% Noninterest income of $1.01 billion decreased $51 million, or 5%, sequentially and increased $227 million, or 29%, year- over-year. The reported results reflect the impact of certain items in the table below, including interchange litigation matters, merger-related charges, and other securities gains/losses, which incorporate the mark-to-market impacts from securities tied to non-qualified deferred compensation plans, which are offset in noninterest expense. Higher mortgage banking, commercial banking, and wealth and asset management revenue more than offset lower capital markets and consumer banking revenue. Wealth and asset management benefited from higher institutional trust and personal asset management revenue. Commercial payments was stable, as growth in deposit fees was offset by higher earnings credits. Capital markets fees declined as late-quarter market volatility slowed M&A advisory and loan syndication activity, more than offsetting higher corporate bond fees. Noninterest Income excluding certain items ($ in millions) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Noninterest Income excluding certain items Noninterest income (U.S. GAAP) $1,008 $1,059 $781 Interchange litigation matters 29 1 18 Merger-related charges 10 — — Other securities losses/(gains), net 5 (30) (10) Securities repositioning losses — 10 — Noninterest income excluding certain items(a) $1,052 $1,040 $789 1% 33% Excluding certain items, noninterest income increased 1% sequentially to $1.05 billion. 4
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Noninterest Expense ($ in millions) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Noninterest Expense Compensation and benefits $982 $1,129 $685 (13)% 43% Technology and communications 300 250 128 20% 134% Net occupancy expense 144 154 89 (6)% 62% Card and processing expense 60 66 22 (9)% 173% Equipment expense 59 60 44 (2)% 34% Loan and lease expense 47 53 39 (11)% 21% Marketing expense 57 65 34 (12)% 68% Other noninterest expense 400 332 226 20% 77% Total noninterest expense $2,049 $2,109 $1,267 (3)% 62% Noninterest expense of $2.05 billion decreased 3% sequentially, driven primarily by lower compensation and benefits expense. The reported results reflect the impact of certain items in the table below. Noninterest Expense excluding certain item(s) ($ in millions) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Noninterest Expense excluding certain item(s) Noninterest expense (U.S. GAAP) $2,049 $2,109 $1,267 Merger-related charges (215) (203) — Technology-related asset impairments (19) (7) — Interchange litigation matters (5) (1) (9) Severance expense — (7) — FDIC special assessment — — 6 Noninterest expense excluding certain item(s)(a) $1,810 $1,891 $1,264 (4)% 43% Non-qualified deferred compensation benefit/(expense) 6 (30) (11) Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a) $1,816 $1,861 $1,253 (2)% 45% Noninterest expense excluding certain items and non-qualified deferred compensation decreased 2% sequentially to $1.82 billion. Merger-related charges recognized in noninterest expense totaled approximately 1.04 billion year-to-date, consistent with the integration timeline. 5
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Average Interest-Earning Assets ($ in millions) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Average Portfolio Loans and Leases Commercial loans and leases: Commercial and industrial loans $85,982 $84,967 $54,170 1% 59% Commercial mortgage loans 27,263 27,176 12,027 — 127% Commercial construction loans 8,744 8,437 5,541 4% 58% Commercial leases 3,574 3,503 3,177 2% 12% Total commercial loans and leases $125,563 $124,083 $74,915 1% 68% Consumer loans: Residential mortgage loans $19,775 $19,626 $17,656 1% 12% Home equity 7,023 6,830 4,579 3% 53% Indirect secured consumer loans 18,182 18,239 17,729 — 3% Credit card 1,646 1,646 1,678 — (2)% Solar energy installation loans 4,244 4,384 4,355 (3)% (3)% Other consumer loans 2,811 2,764 2,414 2% 16% Total consumer loans $53,681 $53,489 $48,411 — 11% Total average portfolio loans and leases $179,244 $177,572 $123,326 1% 45% Average Loans and Leases Held for Sale Commercial loans and leases held for sale $170 $399 $44 (57)% 286% Consumer loans held for sale 597 736 623 (19)% (4)% Total average loans and leases held for sale $767 $1,135 $667 (32)% 15% Total average loans and leases $180,011 $178,707 $123,993 1% 45% Securities (taxable and tax-exempt) $68,543 $67,924 $54,592 1% 26% Other short-term investments 21,469 18,358 14,915 17% 44% Total average interest-earning assets $270,023 $264,989 $193,500 2% 40% Total average portfolio loans and leases of $179 billion increased 1% sequentially and 45% year-over-year. Sequential performance was driven by approximately $1.5 billion of growth in commercial loans and leases, while average consumer loans were broadly stable. Year-over-year growth primarily reflected the addition of Comerica. Average securities (taxable and tax-exempt; amortized cost) of $69 billion increased 1% sequentially and 26% year-over- year, with sequential growth reflecting continued investment portfolio activity. Average other short-term investments (including interest-bearing cash) increased $3.1 billion, or 17%, sequentially, primarily reflecting the migration of the previously mentioned former off-balance-sheet Comerica investment sweep balances onto the balance sheet. 6
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End of Period Interest-Earning Assets ($ in millions) As of % Change September June September 2026 2026 2025 Seq Yr/Yr End of Period Portfolio Loans and Leases Total commercial loans and leases $126,366 $124,880 $74,423 1% 70% Total consumer loans 53,906 53,648 48,707 — 11% Total portfolio loans and leases $180,272 $178,528 $123,130 1% 46% End of Period Loans and Leases Held for Sale Total loans and leases held for sale $728 $866 $576 (16)% 26% Total loans and leases $181,000 $179,394 $123,706 1% 46% Securities (taxable and tax-exempt) $70,769 $68,332 $52,680 4% 34% Other short-term investments 16,520 19,350 17,215 (15)% (4)% Total interest-earning assets $268,289 $267,076 $193,601 — 39% Period-end total portfolio loans and leases increased 1% sequentially to $180 billion. Commercial growth was led by construction and C&I originations, partly offset by elevated payoffs. Consumer growth reflected continued momentum in home equity, partially offset by expected runoff in solar energy installation loans. Total period-end securities (taxable and tax-exempt; amortized cost) increased $2.4 billion sequentially to $71 billion as a portion of the liquidity held earlier in the quarter was deployed into higher-yielding investment securities. As a result, period-end short-term investments declined $2.8 billion even though average short-term investments were higher for the quarter. Average Deposits ($ in millions) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Average Deposits Demand $64,228 $63,976 $41,235 — 56% Interest checking 75,025 70,507 56,624 6% 32% Savings 18,037 18,430 16,376 (2)% 10% Money market 66,247 63,200 37,434 5% 77% Total transaction deposits $223,537 $216,113 $151,669 3% 47% CDs $250,000 or less 12,102 12,403 10,841 (2)% 12% Total core deposits $235,639 $228,516 $162,510 3% 45% CDs over $250,0001 2,705 2,990 2,244 (10)% 21% Total average deposits $238,344 $231,506 $164,754 3% 45% 1CDs over $250,000 includes $1.0MM, $0.1BN, and $1.0BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 9/30/26, 6/30/26, and 9/30/25, respectively. Total average deposits increased 3% sequentially to $238 billion, reflecting operational deposit growth, the Southwest retail deposit campaign, and the migration of former off-balance-sheet Comerica investment sweep balances onto the balance sheet. Additionally, certain Comerica legacy deposit products were simplified into more modern interest checking products resulting in a shift from commercial savings and money market into interest checking. Period-end total deposits increased 2% sequentially to $239 billion, with growth in interest-checking, partially offset by lower money market and CD balances. The period-end portfolio loan-to-core deposit ratio improved to 76% from 77% last quarter, as deposit growth modestly outpaced loan growth. 7
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Average Wholesale Funding ($ in millions) For the Three Months Ended % Change September June September 2026 2026 2025 Seq Yr/Yr Average Wholesale Funding CDs over $250,0001 $2,705 $2,990 $2,244 (10)% 21% Federal funds purchased 181 160 198 13% (9)% Securities sold under repurchase agreements 395 444 376 (11)% 5% FHLB advances 2,365 3,437 4,920 (31)% (52)% Derivative collateral and other secured borrowings 93 64 82 45% 13% Long-term debt 17,513 18,817 14,001 (7)% 25% Total average wholesale funding $23,252 $25,912 $21,821 (10)% 7% 1CDs over $250,000 includes $1.0MM, $0.1BN, and $1.0BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 9/30/26, 6/30/26, and 9/30/25, respectively. Strong deposit growth improved the overall funding mix and supported a 10% sequential reduction in average wholesale funding to $23 billion, driven primarily by decreases of $1.3 billion in long-term debt and $1.1 billion in FHLB advances. Compared with the year-ago quarter, average wholesale funding increased 7%, reflecting the Comerica acquisition. 8
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Credit Quality Summary ($ in millions) As of and For the Three Months Ended September June March December September 2026 2026 2026 2025 2025 Total nonaccrual portfolio loans and leases (NPLs) $1,070 $1,041 $960 $767 $768 Repossessed property 9 10 11 11 12 OREO1 81 24 28 19 21 Total nonperforming portfolio loans and leases and OREO (NPAs) $1,160 $1,075 $999 $797 $801 NPL ratio(f) 0.59% 0.58% 0.54% 0.62% 0.62% NPA ratio(c) 0.64% 0.60% 0.57% 0.65% 0.65% Portfolio loans and leases 30-89 days past due (accrual) $540 $561 $683 $360 $348 Portfolio loans and leases 90 days past due (accrual) 42 33 49 30 29 30-89 days past due as a % of portfolio loans and leases 0.30% 0.31% 0.39% 0.29% 0.28% 90 days past due as a % of portfolio loans and leases 0.02% 0.02% 0.03% 0.02% 0.02% Allowance for loan and lease losses (ALLL), beginning $2,918 $2,922 $2,253 $2,265 $2,412 Total net losses charged-off (139) (135) (144) (125) (339) Provision for loan and lease losses 127 131 152 113 192 Allowance on PCD loans and leases at acquisition — (1) 180 — — Allowance on PSLs at acquisition — 1 481 — — ALLL, ending $2,906 $2,918 $2,922 $2,253 $2,265 Reserve for unfunded commitments, beginning $230 $232 $157 $151 $146 (Benefit from) provision for the reserve for unfunded commitments (5) (2) 75 6 5 Reserve for unfunded commitments, ending $225 $230 $232 $157 $151 Total allowance for credit losses (ACL) $3,131 $3,148 $3,154 $2,410 $2,416 ACL ratios: As a % of portfolio loans and leases 1.74% 1.76% 1.79% 1.96% 1.96% As a % of nonperforming portfolio loans and leases 292% 303% 328% 314% 314% As a % of nonperforming portfolio assets 270% 293% 316% 302% 302% ALLL as a % of portfolio loans and leases 1.61% 1.63% 1.66% 1.84% 1.84% Total losses charged-off $(192) $(181) $(187) $(177) $(382) Total recoveries of losses previously charged-off 53 46 43 52 43 Total net losses charged-off2 $(139) $(135) $(144) $(125) $(339) Net charge-off ratio (NCO ratio)(b)2 0.31% 0.30% 0.37% 0.40% 1.09% Commercial NCO ratio 0.22% 0.21% 0.26% 0.27% 1.46% Consumer NCO ratio 0.52% 0.53% 0.58% 0.59% 0.52% 1Includes branch-related real estate no longer intended to be used for banking purposes. 2Excludes net charge-offs of $100 million which were taken immediately at the time of acquisition. The provision for credit losses declined to $122 million from $129 million in the prior quarter. The allowance for credit losses was $3.1 billion, or 1.74%, of total portfolio loans and leases, compared with 1.76% in the prior quarter. The modest decline in the ACL ratio reflected improvement in the commercial risk profile. The ACL coverage ratio remained strong at 292% of nonperforming portfolio loans and leases and 270% of nonperforming portfolio assets. 9
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Net charge-offs totaled $139 million, or 0.31%, of average portfolio loans, compared with $135 million, or 0.30%, in the prior quarter. The commercial NCO ratio increased 1 bp sequentially to 0.22%, while the consumer NCO ratio declined 1 bp to 0.52%. Compared with the year-ago quarter, the total NCO ratio improved 78 bps, largely because the prior year period included a $178 million asset-backed finance charge-off. Excluding that credit, the year-ago NCO ratio was 0.52%. Credit quality remained stable, with early- and late-stage delinquencies, nonperforming portfolio loans and leases and nonperforming portfolio assets broadly unchanged sequentially. OREO was $81 million at September 30, 2026 and included $74 million of branch-related real estate no longer intended to be used for banking purposes primarily driven by the Comerica acquisition. Capital Position As of and For the Three Months Ended September June March December September 2026 2026 2026 2025 2025 Capital Position Average total Bancorp shareholders' equity as a % of average assets 11.37% 11.50% 11.34% 10.11% 10.02% Tangible equity(a) 9.13% 9.04% 9.01% 9.28% 9.12% Tangible common equity (excluding AOCI)(a) 8.39% 8.30% 8.26% 8.46% 8.29% Tangible common equity (including AOCI)(a) 6.88% 7.29% 7.25% 7.14% 6.89% Regulatory Capital Ratios(d) CET1 capital 10.02% 9.93% 9.89% 10.81% 10.57% Tier 1 risk-based capital 10.90% 10.81% 10.79% 11.87% 11.63% Total risk-based capital 12.54% 12.50% 12.50% 13.78% 13.54% Leverage 9.22% 9.20% 10.22% 9.41% 9.24% Fifth Third's CET1 capital ratio increased to 10.02%, compared with 9.93% in the prior quarter, as capital generated through earnings was partially offset by RWA growth. Fifth Third did not repurchase common shares during the quarter or year-to-date. 10
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Tax Rate The effective tax rate for the quarter was 21.8% compared with 22.7% in the prior quarter and 22.6% 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. 11
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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 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 entirety. Any qualifications, assumptions, conditions, limitations or other disclosures that apply to a particular item of information are deemed to apply, with any necessary adjustments to all references to that information throughout this press release. # # # 12
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Quarterly Financial Review for September 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 13
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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) September June September September September 2026 2026 2025 Seq Yr/Yr 2026 2025 Yr/Yr Income Statement Data Net interest income $2,271 $2,215 $1,520 3% 49% $6,420 $4,453 44% Net interest income (FTE)(a) 2,276 2,220 1,525 3% 49% 6,435 4,468 44% Noninterest income 1,008 1,059 781 (5%) 29% 2,962 2,224 33% Total revenue (FTE)(a) 3,284 3,279 2,306 — 42% 9,397 6,692 40% Provision for credit losses 122 129 197 (5%) (38%) 479 544 (12%) Noninterest expense 2,049 2,109 1,267 (3%) 62% 6,553 3,835 71% Net income 866 801 649 8% 33% 1,832 1,791 2% Net income available to common shareholders 828 763 608 9% 36% 1,719 1,677 3% Earnings Per Share Data Net income allocated to common shareholders $828 $763 $608 9% 36% $1,719 $1,677 3% Average common shares outstanding (in thousands): Basic 911,919 911,613 666,427 — 37% 883,202 669,405 32% Diluted 917,103 915,959 670,878 — 37% 888,097 673,632 32% Earnings per share, basic $0.91 $0.84 $0.91 8% — $1.95 $2.51 (22%) Earnings per share, diluted 0.90 0.83 0.91 8% (1%) 1.94 2.49 (22%) Common Share Data Cash dividends per common share $0.42 $0.40 $0.40 5% 5% $1.22 $1.14 7% Book value per share 34.31 35.63 29.26 (4%) 17% 34.31 29.26 17% Market value per share 50.58 56.37 44.55 (10%) 14% 50.58 44.55 14% Common shares outstanding (in thousands) 907,367 906,573 660,973 — 37% 907,367 660,973 37% Market capitalization $45,895 $51,103 $29,446 (10%) 56% $45,895 $29,446 56% Financial Ratios Return on average assets 1.14% 1.08% 1.21% 6 (7) 0.85% 1.13% (28) Return on average common equity 10.2% 9.5% 12.6% 70 (240) 7.5% 12.1% (460) Return on average tangible common equity(a) 16.6% 15.6% 17.3% 100 (70) 12.3% 16.8% (450) Noninterest income as a percent of total revenue(a) 31% 32% 34% (100) (300) 32% 33% (100) Dividend payout 46.2% 47.6% 44.0% NM NM 62.6% 45.4% NM Average total Bancorp shareholders’ equity as a percent of average assets 11.37% 11.50% 10.02% (13) 135 11.40% 9.78% 162 Tangible common equity(a) 8.39% 8.30% 8.29% 9 10 8.39% 8.29% 10 Net interest margin (FTE)(a) 3.34% 3.36% 3.13% (2) 21 3.34% 3.10% 24 Efficiency (FTE)(a) 62.4% 64.3% 54.9% (190) 750 69.7% 57.3% NM Effective tax rate 21.8% 22.7% 22.6% (90) (80) 22.0% 22.1% (10) Credit Quality Net losses charged-off(h) $139 $135 $339 3% (59%) $419 $614 (32%) Net losses charged-off as a percent of average portfolio loans and leases (annualized) 0.31% 0.30% 1.09% 1 (78) 0.33% 0.67% (34) ALLL as a percent of portfolio loans and leases 1.61% 1.63% 1.84% (2) (23) 1.61% 1.84% (23) ACL as a percent of portfolio loans and leases(f) 1.74% 1.76% 1.96% (2) (22) 1.74% 1.96% (22) Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO 0.64% 0.60% 0.65% 4 (1) 0.64% 0.65% (1) Average Balances Loans and leases, including held for sale $180,011 $178,707 $123,993 1% 45% $172,414 $123,147 40% Securities and other short-term investments 90,012 86,282 69,507 4% 30% 85,362 69,853 22% Assets 302,119 297,948 211,770 1% 43% 288,673 210,965 37% Transaction deposits(b) 223,537 216,113 151,669 3% 47% 211,624 151,327 40% Core deposits(c) 235,639 228,516 162,510 3% 45% 223,674 161,901 38% Wholesale funding(d) 23,252 25,912 21,821 (10%) 7% 23,577 22,167 6% Bancorp shareholders' equity 34,338 34,260 21,216 — 62% 32,917 20,633 60% Regulatory Capital Ratios(e) CET1 capital 10.02% 9.93% 10.57% 9 (55) 10.02% 10.57% (55) Tier 1 risk-based capital 10.90% 10.81% 11.63% 9 (73) 10.90% 11.63% (73) Total risk-based capital 12.54% 12.50% 13.54% 4 (100) 12.54% 13.54% (100) Leverage 9.22% 9.20% 9.24% 2 (2) 9.22% 9.24% (2) Additional Metrics Banking centers 1,429 1,500 1,102 (5%) 30% 1,429 1,102 30% ATMs 2,549 2,648 2,184 (4%) 17% 2,549 2,184 17% Full-time equivalent employees 25,069 25,197 18,476 (1%) 36% 25,069 18,476 36% Assets under care ($ in billions)(g) $880 $902 $681 (2%) 29% $880 $681 29% Assets under management ($ in billions)(g) 125 128 77 (2%) 62% 125 77 62% (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 $100 million which were taken at the time of acquisition. 14
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Fifth Third Bancorp and Subsidiaries Financial Highlights $ in millions, except per share data As of and For the Three Months Ended (unaudited) September June March December September 2026 2026 2026 2025 2025 Income Statement Data Net interest income $2,271 $2,215 $1,934 $1,529 $1,520 Net interest income (FTE)(a) 2,276 2,220 1,939 1,533 1,525 Noninterest income 1,008 1,059 895 811 781 Total revenue (FTE)(a) 3,284 3,279 2,834 2,344 2,306 Provision for credit losses 122 129 227 119 197 Noninterest expense 2,049 2,109 2,395 1,309 1,267 Net income 866 801 165 731 649 Net income available to common shareholders 828 763 128 699 608 Earnings Per Share Data Net income allocated to common shareholders $828 $763 $128 $699 $608 Average common shares outstanding (in thousands): Basic 911,919 911,613 825,119 664,384 666,427 Diluted 917,103 915,959 830,274 669,153 670,878 Earnings per share, basic $0.91 $0.84 $0.16 $1.05 $0.91 Earnings per share, diluted 0.90 0.83 0.15 1.04 0.91 Common Share Data Cash dividends per common share $0.42 $0.40 $0.40 $0.40 $0.40 Book value per share 34.31 35.63 35.24 30.18 29.26 Market value per share 50.58 56.37 46.46 46.81 44.55 Common shares outstanding (in thousands) 907,367 906,573 905,823 661,198 660,973 Market capitalization $45,895 $51,103 $42,085 $30,951 $29,446 Financial Ratios Return on average assets 1.14% 1.08% 0.25% 1.36% 1.21% Return on average common equity 10.2% 9.5% 1.8% 14.0% 12.6% Return on average tangible common equity(a) 16.6% 15.6% 3.5% 19.0% 17.3% Noninterest income as a percent of total revenue(a) 31% 32% 32% 35% 34% Dividend payout 46.2% 47.6% 250.0% 38.1% 44.0% Average total Bancorp shareholders’ equity as a percent of average assets 11.37% 11.50% 11.34% 10.11% 10.02% Tangible common equity(a) 8.39% 8.30% 8.26% 8.46% 8.29% Net interest margin (FTE)(a) 3.34% 3.36% 3.30% 3.13% 3.13% Efficiency (FTE)(a) 62.4% 64.3% 84.5% 55.8% 54.9% Effective tax rate 21.8% 22.7% 20.1% 19.8% 22.6% Credit Quality Net losses charged-off(h) $139 $135 $144 $125 $339 Net losses charged-off as a percent of average portfolio loans and leases (annualized) 0.31% 0.30% 0.37% 0.40% 1.09% ALLL as a percent of portfolio loans and leases 1.61% 1.63% 1.66% 1.84% 1.84% ACL as a percent of portfolio loans and leases(f) 1.74% 1.76% 1.79% 1.96% 1.96% Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO 0.64% 0.60% 0.57% 0.65% 0.65% Average Balances Loans and leases, including held for sale $180,011 $178,707 $158,283 $124,147 $123,993 Securities and other short-term investments 90,012 86,282 79,678 69,997 69,507 Assets 302,119 297,948 265,551 213,021 211,770 Transaction deposits(b) 223,537 216,113 194,904 155,895 151,669 Core deposits(c) 235,639 228,516 206,545 166,436 162,510 Wholesale funding(d) 23,252 25,912 21,551 18,853 21,821 Bancorp shareholders’ equity 34,338 34,260 30,108 21,527 21,216 Regulatory Capital Ratios(e) CET1 capital 10.02% 9.93% 9.89% 10.81% 10.57% Tier 1 risk-based capital 10.90% 10.81% 10.79% 11.87% 11.63% Total risk-based capital 12.54% 12.50% 12.50% 13.78% 13.54% Leverage 9.22% 9.20% 10.22% 9.41% 9.24% Additional Metrics Banking centers 1,429 1,500 1,489 1,130 1,102 ATMs 2,549 2,648 2,643 2,199 2,184 Full-time equivalent employees 25,069 25,197 25,980 18,676 18,476 Assets under care ($ in billions)(g) $880 $902 $865 $690 $681 Assets under management ($ in billions)(g) 125 128 119 80 77 (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 $100 million which were taken at the time of acquisition. 15
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Fifth Third Bancorp and Subsidiaries Consolidated Statements of Income $ in millions For the Three Months Ended % Change Year to Date % Change (unaudited) September June September September September 2026 2026 2025 Seq Yr/Yr 2026 2025 Yr/Yr Interest Income Interest and fees on loans and leases $2,669 $2,607 $1,909 2% 40% $7,570 $5,604 35% Interest on securities 631 598 444 6% 42% 1,730 1,354 28% Interest on other short-term investments 198 167 166 19% 19% 543 477 14% Total interest income 3,498 3,372 2,519 4% 39% 9,843 7,435 32% Interest Expense Interest on deposits 983 891 750 10% 31% 2,688 2,226 21% Interest on short-term borrowings 28 38 61 (26%) (54%) 71 181 (61%) Interest on long-term debt 216 228 188 (5%) 15% 664 575 15% Total interest expense 1,227 1,157 999 6% 23% 3,423 2,982 15% Net Interest Income 2,271 2,215 1,520 3% 49% 6,420 4,453 44% Provision for credit losses 122 129 197 (5%) (38%) 479 544 (12%) Net Interest Income After Provision for Credit Losses 2,149 2,086 1,323 3% 62% 5,941 3,909 52% Noninterest Income Wealth and asset management revenue 259 256 181 1% 43% 748 519 44% Commercial payments revenue 256 254 157 1% 63% 728 462 58% Consumer banking revenue 158 161 144 (2%) 10% 465 428 9% Capital markets fees 147 154 115 (5%) 28% 435 294 48% Commercial banking revenue 128 125 87 2% 47% 358 247 45% Mortgage banking net revenue 47 39 58 21% (19%) 130 171 (24%) Other noninterest income 18 50 29 (64%) (38%) 95 86 10% Securities gains (losses), net (5) 20 10 NM NM 3 17 (82%) Total noninterest income 1,008 1,059 781 (5%) 29% 2,962 2,224 33% Noninterest Expense Compensation and benefits 982 1,129 685 (13%) 43% 3,521 2,132 65% Technology and communications 300 250 128 20% 134% 753 378 99% Net occupancy expense 144 154 89 (6%) 62% 439 260 69% Card and processing expense 60 66 22 (9%) 173% 205 65 215% Equipment expense 59 60 44 (2%) 34% 173 126 37% Loan and lease expense 47 53 39 (11%) 21% 142 105 35% Marketing expense 57 65 34 (12%) 68% 171 105 63% Other noninterest expense 400 332 226 20% 77% 1,149 664 73% Total noninterest expense 2,049 2,109 1,267 (3%) 62% 6,553 3,835 71% Income Before Income Taxes 1,108 1,036 837 7% 32% 2,350 2,298 2% Applicable income tax expense 242 235 188 3% 29% 518 507 2% Net Income 866 801 649 8% 33% 1,832 1,791 2% Dividends on preferred stock 38 38 41 — (7%) 113 114 (1%) Net Income Available to Common Shareholders $828 $763 $608 9% 36% $1,719 $1,677 3% 16
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Fifth Third Bancorp and Subsidiaries Consolidated Statements of Income $ in millions For the Three Months Ended (unaudited) September June March December September 2026 2026 2026 2025 2025 Interest Income Interest and fees on loans and leases $2,669 $2,607 $2,293 $1,862 $1,909 Interest on securities 631 598 501 431 444 Interest on other short-term investments 198 167 178 175 166 Total interest income 3,498 3,372 2,972 2,468 2,519 Interest Expense Interest on deposits 983 891 813 726 750 Interest on short-term borrowings 28 38 5 34 61 Interest on long-term debt 216 228 220 179 188 Total interest expense 1,227 1,157 1,038 939 999 Net Interest Income 2,271 2,215 1,934 1,529 1,520 Provision for credit losses 122 129 227 119 197 Net Interest Income After Provision for Credit Losses 2,149 2,086 1,707 1,410 1,323 Noninterest Income Wealth and asset management revenue 259 256 233 185 181 Commercial payments revenue 256 254 218 167 157 Consumer banking revenue 158 161 146 143 144 Capital markets fees 147 154 134 121 115 Commercial banking revenue 128 125 105 102 87 Mortgage banking net revenue 47 39 44 56 58 Other noninterest income 18 50 27 42 29 Securities (losses) gains, net (5) 20 (12) (5) 10 Total noninterest income 1,008 1,059 895 811 781 Noninterest Expense Compensation and benefits 982 1,129 1,410 683 685 Technology and communications 300 250 204 138 128 Net occupancy expense 144 154 140 89 89 Card and processing expense 60 66 79 27 22 Equipment expense 59 60 55 43 44 Loan and lease expense 47 53 42 41 39 Marketing expense 57 65 50 37 34 Other noninterest expense 400 332 415 251 226 Total noninterest expense 2,049 2,109 2,395 1,309 1,267 Income Before Income Taxes 1,108 1,036 207 912 837 Applicable income tax expense 242 235 42 181 188 Net Income 866 801 165 731 649 Dividends on preferred stock 38 38 37 32 41 Net Income Available to Common Shareholders $828 $763 $128 $699 $608 17
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Fifth Third Bancorp and Subsidiaries Consolidated Balance Sheets $ in millions, except per share data As of % Change (unaudited) September June September 2026 2026 2025 Seq Yr/Yr Assets Cash and due from banks $4,086 $4,374 $2,901 (7%) 41% Other short-term investments 16,520 19,350 17,215 (15%) (4%) Available-for-sale debt and other securities(a) 42,984 44,466 36,461 (3%) 18% Held-to-maturity securities(b) 20,862 18,404 11,498 13% 81% Trading debt securities 1,760 1,853 1,266 (5%) 39% Equity securities 471 495 287 (5%) 64% Loans and leases held for sale 728 866 576 (16%) 26% Portfolio loans and leases: Commercial and industrial loans 86,144 85,736 53,947 — 60% Commercial mortgage loans 27,486 27,196 11,932 1% 130% Commercial construction loans 8,957 8,459 5,326 6% 68% Commercial leases 3,779 3,489 3,218 8% 17% Total commercial loans and leases 126,366 124,880 74,423 1% 70% Residential mortgage loans 19,895 19,713 17,644 1% 13% Home equity 7,132 6,929 4,678 3% 52% Indirect secured consumer loans 18,196 18,186 17,885 — 2% Credit card 1,660 1,683 1,692 (1%) (2%) Solar energy installation loans 4,193 4,314 4,432 (3%) (5%) Other consumer loans 2,830 2,823 2,376 — 19% Total consumer loans 53,906 53,648 48,707 — 11% Portfolio loans and leases 180,272 178,528 123,130 1% 46% Allowance for loan and lease losses (2,906) (2,918) (2,265) — 28% Portfolio loans and leases, net 177,366 175,610 120,865 1% 47% Bank premises and equipment 3,336 3,343 2,655 — 26% Goodwill 9,984 9,990 4,947 — 102% Intangible assets 1,190 1,253 76 (5%) NM Servicing rights 1,669 1,607 1,601 4% 4% Other assets 20,268 18,569 12,555 9% 61% Total Assets $301,224 $300,180 $212,903 — 41% Liabilities Deposits: Demand $64,747 $63,928 $41,830 1% 55% Interest checking 81,784 70,527 57,239 16% 43% Savings 18,002 18,161 16,110 (1%) 12% Money market 60,842 65,932 38,748 (8%) 57% CDs $250,000 or less 11,576 12,708 10,667 (9%) 9% CDs over $250,000 2,535 2,885 1,975 (12%) 28% Total deposits 239,486 234,141 166,569 2% 44% Short-term borrowings 1,200 4,633 5,260 (74%) (77%) Accrued taxes, interest and expenses 2,955 3,022 1,943 (2%) 52% Other liabilities 7,330 6,266 4,347 17% 69% Long-term debt 16,938 17,636 13,677 (4%) 24% Total Liabilities 267,909 265,698 191,796 1% 40% Equity Common stock(c) 2,585 2,585 2,051 — 26% Preferred stock 2,182 2,182 1,770 — 23% Capital surplus 15,619 15,603 3,813 — 310% Retained earnings 26,085 25,645 25,057 2% 4% Accumulated other comprehensive loss (4,919) (3,286) (3,276) 50% 50% Treasury stock (8,237) (8,247) (8,308) — (1%) Total Equity 33,315 34,482 21,107 (3%) 58% Total Liabilities and Equity $301,224 $300,180 $212,903 — 41% (a) Amortized cost $47,718 $47,623 $39,617 — 20% (b) Market values 19,823 18,258 11,506 9% 72% (c) Common shares, stated value $2.22 per share (in thousands): Authorized 2,000,000 2,000,000 2,000,000 — — Outstanding, excluding treasury 907,367 906,573 660,973 — — Treasury 256,872 257,666 262,919 — — 18
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Fifth Third Bancorp and Subsidiaries Consolidated Balance Sheets $ in millions, except per share data As of (unaudited) September June March December September 2026 2026 2026 2025 2025 Assets Cash and due from banks $4,086 $4,374 $4,084 $3,499 $2,901 Other short-term investments 16,520 19,350 17,456 18,876 17,215 Available-for-sale debt and other securities(a) 42,984 44,466 46,161 36,159 36,461 Held-to-maturity securities(b) 20,862 18,404 16,389 11,368 11,498 Trading debt securities 1,760 1,853 1,669 1,057 1,266 Equity securities 471 495 544 453 287 Loans and leases held for sale 728 866 1,365 733 576 Portfolio loans and leases: Commercial and industrial loans 86,144 85,736 83,864 52,749 53,947 Commercial mortgage loans 27,486 27,196 27,143 12,228 11,932 Commercial construction loans 8,957 8,459 8,329 5,316 5,326 Commercial leases 3,779 3,489 3,523 3,269 3,218 Total commercial loans and leases 126,366 124,880 122,859 73,562 74,423 Residential mortgage loans 19,895 19,713 19,507 17,652 17,644 Home equity 7,132 6,929 6,735 4,846 4,678 Indirect secured consumer loans 18,196 18,186 18,296 17,964 17,885 Credit card 1,660 1,683 1,658 1,747 1,692 Solar energy installation loans 4,193 4,314 4,465 4,560 4,432 Other consumer loans 2,830 2,823 2,730 2,320 2,376 Total consumer loans 53,906 53,648 53,391 49,089 48,707 Portfolio loans and leases 180,272 178,528 176,250 122,651 123,130 Allowance for loan and lease losses (2,906) (2,918) (2,922) (2,253) (2,265) Portfolio loans and leases, net 177,366 175,610 173,328 120,398 120,865 Bank premises and equipment 3,336 3,343 3,283 2,734 2,655 Goodwill 9,984 9,990 9,966 4,947 4,947 Intangible assets 1,190 1,253 1,233 69 76 Servicing rights 1,669 1,607 1,583 1,598 1,601 Other assets 20,268 18,569 19,978 12,485 12,555 Total Assets $301,224 $300,180 $297,039 $214,376 $212,903 Liabilities Deposits: Demand $64,747 $63,928 $65,335 $42,647 $41,830 Interest checking 81,784 70,527 72,425 61,155 57,239 Savings 18,002 18,161 18,610 16,155 16,110 Money market 60,842 65,932 62,345 39,285 38,748 CDs $250,000 or less 11,576 12,708 11,807 10,599 10,667 CDs over $250,000 2,535 2,885 3,099 1,978 1,975 Total deposits 239,486 234,141 233,621 171,819 166,569 Short-term borrowings 1,200 4,633 1,289 926 5,260 Accrued taxes, interest and expenses 2,955 3,022 2,628 2,083 1,943 Other liabilities 7,330 6,266 6,642 4,235 4,347 Long-term debt 16,938 17,636 18,753 13,589 13,677 Total Liabilities 267,909 265,698 262,933 192,652 191,796 Equity Common stock(c) 2,585 2,585 2,585 2,051 2,051 Preferred stock 2,182 2,182 2,182 1,770 1,770 Capital surplus 15,619 15,603 15,586 3,831 3,813 Retained earnings 26,085 25,645 25,248 25,488 25,057 Accumulated other comprehensive loss (4,919) (3,286) (3,234) (3,110) (3,276) Treasury stock (8,237) (8,247) (8,261) (8,306) (8,308) Total Equity 33,315 34,482 34,106 21,724 21,107 Total Liabilities and Equity $301,224 $300,180 $297,039 $214,376 $212,903 (a) Amortized cost $47,718 $47,623 $49,238 $39,107 $39,617 (b) Market values 19,823 18,258 16,341 11,404 11,506 (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 907,367 906,573 905,823 661,198 660,973 Treasury 256,872 257,666 258,416 262,695 262,919 19
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Fifth Third Bancorp and Subsidiaries Consolidated Statements of Changes in Equity $ in millions (unaudited) For the Three Months Ended Year to Date September September September September 2026 2025 2026 2025 Total Equity, Beginning $34,482 $21,124 $21,724 $19,645 Net income 866 649 1,832 1,791 Other comprehensive (loss) income, net of tax: Change in unrealized (losses) gains: Available-for-sale debt securities (1,203) 230 (1,365) 890 Qualifying cash flow hedges (457) 14 (577) 397 Amortization of unrealized losses on securities transferred to held-to-maturity 25 25 71 72 Change in accumulated other comprehensive income related to employee benefit plans 2 1 62 1 Comprehensive income (loss) (767) 919 23 3,151 Cash dividends declared: Common stock (388) (269) (1,122) (770) Preferred stock (38) (37) (113) (110) Impact of Comerica acquisition — — 12,676 — Impact of stock transactions under stock compensation plans, net 26 23 128 70 Shares acquired for treasury — (303) — (529) Redemption of preferred stock — (350) — (350) Other — — (1) — Total Equity, Ending $33,315 $21,107 $33,315 $21,107 20
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Fifth Third Bancorp and Subsidiaries Average Balance Sheets and Yield/Rate Analysis For the Three Months Ended $ in millions September June September (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) $86,052 5.89% $85,260 5.90% $54,196 6.20% Commercial mortgage loans(a) 27,297 5.96% 27,215 5.82% 12,043 6.26% Commercial construction loans(a) 8,810 6.49% 8,504 6.50% 5,541 7.17% Commercial leases(a) 3,574 4.67% 3,503 4.61% 3,177 4.70% Total commercial loans and leases 125,733 5.91% 124,482 5.89% 74,957 6.22% Residential mortgage loans 20,372 4.25% 20,362 4.16% 18,279 4.03% Home equity 7,023 6.90% 6,830 6.95% 4,580 7.43% Indirect secured consumer loans 18,182 5.54% 18,239 5.53% 17,729 5.65% Credit card 1,646 14.07% 1,646 13.69% 1,678 14.26% Solar energy installation loans 4,244 7.82% 4,384 7.93% 4,355 8.76% Other consumer loans 2,811 8.64% 2,764 8.66% 2,415 9.25% Total consumer loans 54,278 5.83% 54,225 5.80% 49,036 5.96% Total loans and leases 180,011 5.89% 178,707 5.86% 123,993 6.12% Securities: Taxable securities 67,170 3.68% 66,532 3.55% 53,244 3.25% Tax exempt securities(a) 1,373 3.23% 1,392 3.25% 1,348 3.18% Other short-term investments 21,469 3.66% 18,358 3.64% 14,915 4.43% Total interest-earning assets 270,023 5.15% 264,989 5.11% 193,500 5.18% Cash and due from banks 3,449 3,307 2,485 Other assets 31,565 32,574 18,196 Allowance for loan and lease losses (2,918) (2,922) (2,411) Total Assets $302,119 $297,948 $211,770 Liabilities Interest-bearing liabilities: Interest checking deposits $75,025 2.26% $70,507 2.15% $56,624 2.72% Savings deposits 18,037 0.36% 18,430 0.35% 16,376 0.46% Money market deposits 66,247 2.56% 63,200 2.43% 37,434 2.40% CDs $250,000 or less 12,102 2.97% 12,403 2.94% 10,841 3.46% Total interest-bearing core deposits 171,411 2.23% 164,540 2.11% 121,275 2.38% CDs over $250,000 2,705 3.17% 2,990 3.25% 2,244 4.00% Total interest-bearing deposits 174,116 2.24% 167,530 2.13% 123,519 2.41% Federal funds purchased 181 3.69% 160 3.65% 198 4.35% Securities sold under repurchase agreements 395 1.63% 444 1.69% 376 1.65% FHLB advances 2,365 3.89% 3,437 3.88% 4,920 4.51% Derivative collateral and other secured borrowings 93 6.33% 64 7.25% 82 6.13% Long-term debt 17,513 4.90% 18,817 4.87% 14,001 5.31% Total interest-bearing liabilities 194,663 2.50% 190,452 2.44% 143,096 2.77% Demand deposits 64,228 63,976 41,235 Other liabilities 8,890 9,260 6,223 Total Liabilities 267,781 263,688 190,554 Total Equity 34,338 34,260 21,216 Total Liabilities and Equity $302,119 $297,948 $211,770 Ratios: Net interest margin (FTE)(b) 3.34% 3.36% 3.13% Net interest rate spread (FTE)(b) 2.65% 2.67% 2.41% Interest-bearing liabilities to interest-earning assets 72.09% 71.87% 73.95% (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. 21
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Fifth Third Bancorp and Subsidiaries Average Balance Sheets and Yield/Rate Analysis Year to Date $ in millions September September (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) $81,586 5.89% $53,916 6.23% Commercial mortgage loans(a) 25,524 5.88% 12,282 6.12% Commercial construction loans(a) 8,206 6.48% 5,720 7.09% Commercial leases(a) 3,476 4.71% 3,136 4.77% Total commercial loans and leases 118,792 5.90% 75,054 6.22% Residential mortgage loans 20,052 4.20% 18,139 3.99% Home equity 6,643 6.95% 4,396 7.47% Indirect secured consumer loans 18,175 5.54% 17,156 5.62% Credit card 1,650 13.90% 1,655 14.44% Solar energy installation loans 4,380 7.98% 4,282 8.30% Other consumer loans 2,722 8.69% 2,465 9.24% Total consumer loans 53,622 5.83% 48,093 5.90% Total loans and leases 172,414 5.88% 123,147 6.09% Securities: Taxable securities 64,128 3.55% 54,441 3.26% Tax exempt securities(a) 1,376 3.25% 1,362 3.18% Other short-term investments 19,858 3.65% 14,050 4.54% Total interest-earning assets 257,776 5.11% 193,000 5.16% Cash and due from banks 3,275 2,437 Other assets 30,465 17,911 Allowance for loan and lease losses (2,843) (2,383) Total Assets $288,673 $210,965 Liabilities Interest-bearing liabilities: Interest checking deposits $70,996 2.20% $57,103 2.70% Savings deposits 18,006 0.35% 16,852 0.49% Money market deposits 61,266 2.47% 36,731 2.41% CDs $250,000 or less 12,050 3.01% 10,574 3.54% Total interest-bearing core deposits 162,318 2.16% 121,260 2.38% CDs over $250,000 2,833 3.27% 2,263 4.17% Total interest-bearing deposits 165,151 2.18% 123,523 2.41% Federal funds purchased 173 3.67% 199 4.37% Securities sold under repurchase agreements 387 1.51% 339 1.27% FHLB advances 1,975 3.89% 4,888 4.57% Derivative collateral and other secured borrowings 80 6.97% 85 6.06% Long-term debt 18,129 4.90% 14,393 5.35% Total interest-bearing liabilities 185,895 2.46% 143,427 2.78% Demand deposits 61,356 40,641 Other liabilities 8,505 6,264 Total Liabilities 255,756 190,332 Total Equity 32,917 20,633 Total Liabilities and Equity $288,673 $210,965 Ratios: Net interest margin (FTE)(b) 3.34% 3.10% Net interest rate spread (FTE)(b) 2.65% 2.38% Interest-bearing liabilities to interest-earning assets 72.12% 74.31% (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. 22
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Fifth Third Bancorp and Subsidiaries Summary of Loans and Leases $ in millions For the Three Months Ended (unaudited) September June March December September 2026 2026 2026 2025 2025 Average Portfolio Loans and Leases Commercial loans and leases: Commercial and industrial loans $85,982 $84,967 $73,264 $53,947 $54,170 Commercial mortgage loans 27,263 27,176 21,969 12,079 12,027 Commercial construction loans 8,744 8,437 7,278 5,399 5,541 Commercial leases 3,574 3,503 3,347 3,172 3,177 Total commercial loans and leases 125,563 124,083 105,858 74,597 74,915 Consumer loans: Residential mortgage loans 19,775 19,626 18,848 17,660 17,656 Home equity 7,023 6,830 6,064 4,769 4,579 Indirect secured consumer loans 18,182 18,239 18,105 17,879 17,729 Credit card 1,646 1,646 1,659 1,694 1,678 Solar energy installation loans 4,244 4,384 4,516 4,486 4,355 Other consumer loans 2,811 2,764 2,582 2,345 2,414 Total consumer loans 53,681 53,489 51,774 48,833 48,411 Total average portfolio loans and leases $179,244 $177,572 $157,632 $123,430 $123,326 Average Loans and Leases Held for Sale Commercial loans and leases held for sale $170 $399 $85 $19 $44 Consumer loans held for sale 597 736 566 698 623 Average loans and leases held for sale $767 $1,135 $651 $717 $667 End of Period Portfolio Loans and Leases Commercial loans and leases: Commercial and industrial loans $86,144 $85,736 $83,864 $52,749 $53,947 Commercial mortgage loans 27,486 27,196 27,143 12,228 11,932 Commercial construction loans 8,957 8,459 8,329 5,316 5,326 Commercial leases 3,779 3,489 3,523 3,269 3,218 Total commercial loans and leases 126,366 124,880 122,859 73,562 74,423 Consumer loans: Residential mortgage loans 19,895 19,713 19,507 17,652 17,644 Home equity 7,132 6,929 6,735 4,846 4,678 Indirect secured consumer loans 18,196 18,186 18,296 17,964 17,885 Credit card 1,660 1,683 1,658 1,747 1,692 Solar energy installation loans 4,193 4,314 4,465 4,560 4,432 Other consumer loans 2,830 2,823 2,730 2,320 2,376 Total consumer loans 53,906 53,648 53,391 49,089 48,707 Total portfolio loans and leases $180,272 $178,528 $176,250 $122,651 $123,130 End of Period Loans and Leases Held for Sale Commercial loans and leases held for sale $233 $171 $651 $75 $8 Consumer loans held for sale 495 695 714 658 568 Loans and leases held for sale $728 $866 $1,365 $733 $576 Operating lease equipment $454 $417 $416 $374 $379 Loans and Leases Serviced for Others(a) Commercial and industrial loans $2,144 $1,838 $1,801 $1,290 $1,206 Commercial mortgage loans 2,718 2,193 518 501 558 Commercial construction loans 769 292 318 291 304 Commercial leases 777 817 821 853 764 Residential mortgage loans 85,091 85,907 86,733 87,827 89,639 Solar energy installation loans 622 643 665 686 692 Other consumer loans 76 81 86 92 98 Total loans and leases serviced for others 92,197 91,771 90,942 91,540 93,261 Total loans and leases owned or serviced $273,651 $271,582 $268,973 $215,298 $217,346 (a) Fifth Third sells certain loans and leases and obtains servicing responsibilities. 23
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Fifth Third Bancorp and Subsidiaries Regulatory Capital $ in millions As of (unaudited) September June March December September 2026(a) 2026 2026 2025 2025 Regulatory Capital CET1 capital $25,002 $24,508 $24,136 $18,099 $17,645 Additional tier 1 capital 2,182 2,182 2,182 1,770 1,770 Tier 1 capital 27,184 26,690 26,318 19,869 19,415 Tier 2 capital 4,099 4,173 4,179 3,197 3,204 Total regulatory capital $31,283 $30,863 $30,497 $23,066 $22,619 Risk-weighted assets $249,506 $246,820 $243,964 $167,431 $166,999 Ratios Average total Bancorp shareholders' equity as a percent of average assets 11.37% 11.50% 11.34% 10.11% 10.02% Regulatory Capital Ratios Fifth Third Bancorp CET1 capital 10.02% 9.93% 9.89% 10.81% 10.57% Tier 1 risk-based capital 10.90% 10.81% 10.79% 11.87% 11.63% Total risk-based capital 12.54% 12.50% 12.50% 13.78% 13.54% Leverage 9.22% 9.20% 10.22% 9.41% 9.24% Fifth Third Bank, National Association Tier 1 risk-based capital 11.73% 11.70% 11.73% 13.09% 12.95% Total risk-based capital 12.96% 12.95% 13.00% 14.33% 14.19% Leverage 9.96% 9.99% 11.16% 10.41% 10.31% (a) Current period regulatory capital data and ratios are estimated. 24
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Fifth Third Bancorp and Subsidiaries Summary of Credit Loss Experience $ in millions For the Three Months Ended (unaudited) September June March December September 2026 2026 2026 2025 2025 Average portfolio loans and leases: Commercial and industrial loans $85,982 $84,967 $73,264 $53,947 $54,170 Commercial mortgage loans 27,263 27,176 21,969 12,079 12,027 Commercial construction loans 8,744 8,437 7,278 5,399 5,541 Commercial leases 3,574 3,503 3,347 3,172 3,177 Total commercial loans and leases 125,563 124,083 105,858 74,597 74,915 Residential mortgage loans 19,775 19,626 18,848 17,660 17,656 Home equity 7,023 6,830 6,064 4,769 4,579 Indirect secured consumer loans 18,182 18,239 18,105 17,879 17,729 Credit card 1,646 1,646 1,659 1,694 1,678 Solar energy installation loans 4,244 4,384 4,516 4,486 4,355 Other consumer loans 2,811 2,764 2,582 2,345 2,414 Total consumer loans 53,681 53,489 51,774 48,833 48,411 Total average portfolio loans and leases $179,244 $177,572 $157,632 $123,430 $123,326 Losses charged-off: Commercial and industrial loans ($84) ($73) ($77) ($61) ($280) Commercial mortgage loans — — — (7) (2) Commercial construction loans — — — — — Commercial leases — — — (1) — Total commercial loans and leases (84) (73) (77) (69) (282) Residential mortgage loans (1) (1) — — — Home equity (1) (1) (2) (2) (1) Indirect secured consumer loans (35) (36) (40) (41) (34) Credit card (19) (20) (19) (20) (20) Solar energy installation loans (29) (29) (26) (22) (20) Other consumer loans (23) (21) (23) (23) (25) Total consumer loans (108) (108) (110) (108) (100) Total losses charged-off ($192) ($181) ($187) ($177) ($382) Recoveries of losses previously charged-off: Commercial and industrial loans $9 $8 $8 $17 $6 Commercial mortgage loans 6 — — 1 1 Commercial construction loans — 1 — — — Commercial leases — — — — — Total commercial loans and leases 15 9 8 18 7 Residential mortgage loans 1 1 — 1 1 Home equity 2 1 2 1 2 Indirect secured consumer loans 18 18 16 14 16 Credit card 5 5 5 5 4 Solar energy installation loans 6 4 3 5 4 Other consumer loans 6 8 9 8 9 Total consumer loans 38 37 35 34 36 Total recoveries of losses previously charged-off $53 $46 $43 $52 $43 Net losses charged-off: Commercial and industrial loans ($75) ($65) ($69) ($44) ($274) Commercial mortgage loans 6 — — (6) (1) Commercial construction loans — 1 — — — Commercial leases — — — (1) — Total commercial loans and leases (69) (64) (69) (51) (275) Residential mortgage loans — — — 1 1 Home equity 1 — — (1) 1 Indirect secured consumer loans (17) (18) (24) (27) (18) Credit card (14) (15) (14) (15) (16) Solar energy installation loans (23) (25) (23) (17) (16) Other consumer loans (17) (13) (14) (15) (16) Total consumer loans (70) (71) (75) (74) (64) Total net losses charged-off(a) ($139) ($135) ($144) ($125) ($339) Net losses charged-off as a percent of average portfolio loans and leases (annualized): Commercial and industrial loans 0.35% 0.31% 0.38% 0.32% 2.01% Commercial mortgage loans (0.09%) (0.01%) — 0.21% 0.04% Commercial construction loans (0.01%) (0.02%) (0.02%) — — Commercial leases — (0.01%) — 0.16% (0.04%) Total commercial loans and leases 0.22% 0.21% 0.26% 0.27% 1.46% Residential mortgage loans — — (0.01%) (0.01%) (0.02%) Home equity (0.03%) (0.02%) 0.01% 0.06% (0.05%) Indirect secured consumer loans 0.37% 0.40% 0.54% 0.59% 0.40% Credit card 3.45% 3.60% 3.51% 3.62% 3.70% Solar energy installation loans 2.18% 2.25% 2.03% 1.45% 1.47% Other consumer loans 2.34% 1.95% 2.19% 2.46% 2.51% Total consumer loans 0.52% 0.53% 0.58% 0.59% 0.52% Total net losses charged-off as a percent of average portfolio loans and leases (annualized) 0.31% 0.30% 0.37% 0.40% 1.09% (a) Excludes net charge-offs of $100 million which were taken at the time of acquisition. 25
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Fifth Third Bancorp and Subsidiaries Asset Quality $ in millions For the Three Months Ended (unaudited) September June March December September 2026 2026 2026 2025 2025 Allowance for Credit Losses Allowance for loan and lease losses, beginning $2,918 $2,922 $2,253 $2,265 $2,412 Total net losses charged-off(e) (139) (135) (144) (125) (339) Provision for loan and lease losses 127 131 152 113 192 Allowance on PCD loans and leases at acquisition — (1) 180 — — Allowance on PSLs at acquisition — 1 481 — — Allowance for loan and lease losses, ending $2,906 $2,918 $2,922 $2,253 $2,265 Reserve for unfunded commitments, beginning $230 $232 $157 $151 $146 (Benefit from) provision for the reserve for unfunded commitments (5) (2) 75 6 5 Reserve for unfunded commitments, ending $225 $230 $232 $157 $151 Components of allowance for credit losses: Allowance for loan and lease losses $2,906 $2,918 $2,922 $2,253 $2,265 Reserve for unfunded commitments 225 230 232 157 151 Total allowance for credit losses $3,131 $3,148 $3,154 $2,410 $2,416 As of September June March December September 2026 2026 2026 2025 2025 Nonperforming Assets and Delinquent Loans Nonaccrual portfolio loans and leases: Commercial and industrial loans $449 $455 $417 $393 $393 Commercial mortgage loans 141 94 94 34 42 Commercial construction loans 64 62 62 — — Commercial leases 4 4 — — — Residential mortgage loans 159 176 164 149 142 Home equity 135 131 104 71 72 Indirect secured consumer loans 61 62 58 61 61 Credit card 29 29 30 29 29 Solar energy installation loans 23 23 26 22 22 Other consumer loans 5 5 5 8 7 Total nonaccrual portfolio loans and leases 1,070 1,041 960 767 768 Repossessed property 9 10 11 11 12 OREO(d) 81 24 28 19 21 Total nonperforming portfolio loans and leases and OREO 1,160 1,075 999 797 801 Nonaccrual loans held for sale 162 167 141 70 4 Total nonperforming assets $1,322 $1,242 $1,140 $867 $805 Loans and leases 90 days past due (accrual): Commercial and industrial loans $5 $4 $3 $2 $2 Commercial mortgage loans 4 1 19 — — Commercial construction loans — — 2 1 — Commercial leases — — 1 — — Total commercial loans and leases 9 5 25 3 2 Residential mortgage loans(c) 16 11 7 10 11 Credit card 16 16 17 17 16 Other consumer loans 1 1 — — — Total consumer loans 33 28 24 27 27 Total loans and leases 90 days past due (accrual)(b) $42 $33 $49 $30 $29 Ratios Net losses charged-off as a percent of average portfolio loans and leases (annualized) 0.31% 0.30% 0.37% 0.40% 1.09% Allowance for credit losses: As a percent of portfolio loans and leases 1.74% 1.76% 1.79% 1.96% 1.96% As a percent of nonperforming portfolio loans and leases(a) 292% 303% 328% 314% 314% As a percent of nonperforming portfolio assets(a) 270% 293% 316% 302% 302% Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a) 0.59% 0.58% 0.54% 0.62% 0.62% Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a) 0.64% 0.60% 0.57% 0.65% 0.65% Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property 0.73% 0.69% 0.64% 0.70% 0.65% (a) Excludes nonaccrual loans held for sale. (b) Excludes loans held for sale. (c) Excludes government guaranteed residential mortgage loans. (d) Includes branch-related real estate no longer intended to be used for banking purposes. (e) Excludes net charge-offs of $100 million which were taken at the time of acquisition. 26
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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 earnings per share," “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 that 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. 27
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Fifth Third Bancorp and Subsidiaries Non-GAAP Reconciliation $ and shares in millions As of and For the Three Months Ended (unaudited) September June March December September 2026 2026 2026 2025 2025 Net interest income $2,271 $2,215 $1,934 $1,529 $1,520 Add: Taxable equivalent adjustment 5 5 5 4 5 Net interest income (FTE) (a) 2,276 2,220 1,939 1,533 1,525 Net interest income (annualized) (b) 9,010 8,884 7,843 6,066 6,030 Net interest income (FTE) (annualized) (c) 9,030 8,904 7,864 6,082 6,050 Interest income 3,498 3,372 2,972 2,468 2,519 Add: Taxable equivalent adjustment 5 5 5 4 5 Interest income (FTE) 3,503 3,377 2,977 2,472 2,524 Interest income (FTE) (annualized) (d) 13,898 13,545 12,073 9,807 10,014 Interest expense (annualized) (e) 4,868 4,641 4,210 3,725 3,963 Average interest-earning assets (f) 270,023 264,989 237,961 194,144 193,500 Average interest-bearing liabilities (g) 194,663 190,452 172,326 143,518 143,096 Net interest margin (b) / (f) 3.34 % 3.35 % 3.30 % 3.12 % 3.12 % Net interest margin (FTE) (c) / (f) 3.34 % 3.36 % 3.30 % 3.13 % 3.13 % Net interest rate spread (FTE) (d) / (f) - (e) / (g) 2.65 % 2.67 % 2.63 % 2.45 % 2.41 % Income before income taxes $1,108 $1,036 $207 $912 $837 Add: Taxable equivalent adjustment 5 5 5 4 5 Income before income taxes (FTE) 1,113 1,041 212 916 842 Net income available to common shareholders 828 763 128 699 608 Add: Intangible amortization, net of tax 48 48 34 5 5 Tangible net income available to common shareholders (h) 876 811 162 704 613 Tangible net income available to common shareholders (annualized) (i) 3,475 3,253 657 2,793 2,432 Average Bancorp shareholders’ equity 34,338 34,260 30,108 21,527 21,216 Less: Average preferred stock (2,182) (2,182) (2,040) (1,770) (2,112) Average goodwill (9,976) (9,973) (8,686) (4,947) (4,937) Average intangible assets (1,221) (1,257) (841) (72) (77) Average tangible common equity, including AOCI (j) 20,959 20,848 18,541 14,738 14,090 Less: Average AOCI 3,813 3,376 3,080 3,137 3,520 Average tangible common equity, excluding AOCI (k) 24,772 24,224 21,621 17,875 17,610 Total Bancorp shareholders’ equity 33,315 34,482 34,106 21,724 21,107 Less: Preferred stock (2,182) (2,182) (2,182) (1,770) (1,770) Goodwill (9,984) (9,990) (9,966) (4,947) (4,947) Intangible assets (1,190) (1,253) (1,233) (69) (76) Tangible common equity, including AOCI (l) 19,959 21,057 20,725 14,938 14,314 Less: AOCI 4,919 3,286 3,234 3,110 3,276 Tangible common equity, excluding AOCI (m) 24,878 24,343 23,959 18,048 17,590 Add: Preferred stock 2,182 2,182 2,182 1,770 1,770 Tangible equity (n) 27,060 26,525 26,141 19,818 19,360 Total assets 301,224 300,180 297,039 214,376 212,903 Less: Goodwill (9,984) (9,990) (9,966) (4,947) (4,947) Intangible assets (1,190) (1,253) (1,233) (69) (76) Tangible assets, including AOCI (o) 290,050 288,937 285,840 209,360 207,880 Less: AOCI, before tax 6,472 4,324 4,255 4,092 4,311 Tangible assets, excluding AOCI (p) $296,522 $293,261 $290,095 $213,452 $212,191 Common shares outstanding (q) 907 907 906 661 661 Tangible equity (n) / (p) 9.13% 9.04% 9.01% 9.28% 9.12% Tangible common equity (excluding AOCI) (m) / (p) 8.39% 8.30% 8.26% 8.46% 8.29% Tangible common equity (including AOCI) (l) / (o) 6.88% 7.29% 7.25% 7.14% 6.89% Tangible book value per share (including AOCI) (l) / (q) $22.01 $23.22 $22.88 $22.60 $21.66 Tangible book value per share (excluding AOCI) (m) / (q) $27.43 $26.84 $26.44 $27.30 $26.61 28
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Fifth Third Bancorp and Subsidiaries Non-GAAP Reconciliation $ in millions For the Three Months Ended (unaudited) September June September 2026 2026 2025 Net income (r) $866 $801 $649 Net income (annualized) (s) 3,436 3,213 2,575 Adjustments (pre-tax items) Merger-related charges 225 203 — Interchange litigation matters 34 2 27 Technology-related asset impairments 19 7 — Other securities losses/(gains), net 5 (30) (10) Securities repositioning losses — 10 — Severance expense — 7 — FDIC special assessment — — (6) Non-qualified deferred compensation expense/(benefit) (6) 30 11 Adjustments, pre-tax 277 229 22 Applicable income tax expense on adjustments 67 54 6 Adjustments, after-tax (t)(a)(b) 210 175 16 Noninterest income (u) 1,008 1,059 781 Interchange litigation matters 29 1 18 Merger-related charges 10 — — Securities repositioning losses — 10 — Noninterest income excluding certain item(s) 1,047 1,070 799 Other securities losses/(gains), net 5 (30) (10) Adjusted noninterest income, excluding certain items and securities losses (v) 1,052 1,040 789 Noninterest expense (w) 2,049 2,109 1,267 Merger-related charges (215) (203) — Technology-related asset impairments (19) (7) — Interchange litigation matters (5) (1) (9) Severance expense — (7) — FDIC special assessment — — 6 Noninterest expense excluding certain item(s) 1,810 1,891 1,264 Non-qualified deferred compensation (expense)/benefit 6 (30) (11) Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (x) 1,816 1,861 1,253 Adjusted net income (r) + (t) 1,076 976 665 Adjusted net income (annualized) (y) 4,269 3,915 2,638 Adjusted tangible net income available to common shareholders (h) + (t) 1,086 986 629 Adjusted tangible net income available to common shareholders (annualized) (z) 4,309 3,955 2,495 Average assets (aa) $302,119 $297,948 $211,770 Return on average tangible common equity (i) / (j) 16.6% 15.6% 17.3% Return on average tangible common equity excluding AOCI (i) / (k) 14.0% 13.4% 13.8% Adjusted return on average tangible common equity, including AOCI (z) / (j) 20.6% 19.0% 17.7% Adjusted return on average tangible common equity, excluding AOCI (z) / (k) 17.4% 16.3% 14.2% Return on average assets (s) / (aa) 1.14% 1.08% 1.21% Adjusted return on average assets (y) / (aa) 1.41% 1.31% 1.25% Efficiency ratio (FTE) (w) / [(a) + (u)] 62.4% 64.3% 54.9% Adjusted efficiency ratio (x) / [(a) + (v)] 54.6% 57.1% 54.1% Total revenue (FTE) (a) + (u) $3,284 $3,279 $2,306 Adjusted total revenue (FTE) (a) + (v) $3,328 $3,260 $2,314 Pre-provision net revenue (PPNR) (a) + (u) - (w) $1,235 $1,170 $1,039 Adjusted pre-provision net revenue (PPNR) (a) + (v) - (x) $1,512 $1,399 $1,061 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. 29
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Fifth Third Bancorp and Subsidiaries Segment Presentation $ in millions (unaudited) For the three months ended September 30, 2026 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Income Statement Data Net interest income (FTE)(a) $1,147 $1,274 $112 $(257) $2,276 (Provision for) benefit from credit losses (80) (89) (7) 54 (122) Net interest income after (provision for) benefit from credit losses 1,067 1,185 105 (203) 2,154 Noninterest income 512 326 183 (13) 1,008 Noninterest expense (761) (855) (182) (251) (2,049) Income (loss) before income taxes (FTE)(a) $818 $656 $106 $(467) $1,113 Average Balance Sheet Data Total loans and leases $114,568 $55,931 $9,504 $8 $180,011 Core deposits $99,167 $121,371 $12,869 $2,232 $235,639 For the three months ended June 30, 2026 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Income Statement Data 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 Average Balance Sheet Data Total loans and leases $113,297 $55,675 $9,709 $26 $178,707 Core deposits $95,241 $117,628 $12,961 $2,686 $228,516 For the three months ended March 31, 2026 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Income Statement Data 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 Average Balance Sheet Data Total loans and leases $96,110 $54,165 $7,970 $38 $158,283 Core deposits $85,160 $107,247 $12,069 $2,069 $206,545 For the three months ended December 31, 2025 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Income Statement Data 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 Average Balance Sheet Data Total loans and leases $67,425 $52,116 $4,590 $16 $124,147 Core deposits $62,984 $92,622 $9,567 $1,263 $166,436 For the three months ended September 30, 2025 Commercial Banking Consumer and Small Business Banking Wealth and Asset Management General Corporate and Other Total Income Statement Data 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 Average Balance Sheet Data Total loans and leases $68,007 $51,367 $4,603 $16 $123,993 Core deposits $60,854 $91,110 $9,288 $1,258 $162,510 (a) Includes taxable equivalent adjustments of $ 5 million for the three months ended September 30, 2026 , 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. 30