10-KPeriod: FY2025

FIFTH THIRD BANCORP Annual Report, Year Ended Dec 31, 2025

Filed February 24, 2026For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

Fifth Third Bancorp (FITB) reported solid performance for the fiscal year ending December 31, 2025, demonstrating resilience amidst evolving market conditions. The bank's net income available to common shareholders increased compared to the prior year, supported by growth in net interest income driven by higher loan volumes and improved net interest margin. Noninterest income also saw a significant increase, primarily fueled by robust performance in wealth and asset management and commercial payments. The company continues to focus on its core businesses, with Commercial Banking and Consumer and Small Business Banking segments showing resilience. The Bancorp maintains a strong capital position, with all regulatory capital ratios well above required minimums and the well-capitalized levels. The company also successfully redeemed all outstanding shares of its preferred stock, Series L, simplifying its capital structure. Despite facing operational and cybersecurity risks, which are actively managed, the Bancorp reported no material incidents affecting its business strategies or financial condition. Looking ahead, Fifth Third Bancorp has successfully closed its merger with Comerica Incorporated in February 2026, positioning the combined entity for expanded market reach and potential synergies. The company's proactive approach to risk management and its commitment to capital strength provide a stable foundation for future growth.

Key Highlights

  • 1Fifth Third Bancorp's net income available to common shareholders increased, driven by growth in net interest income and strong noninterest income from wealth management and commercial payments.
  • 2The bank reported an improved net interest margin (FTE basis) of 3.11% for the year ended December 31, 2025, up from 2.90% in the prior year.
  • 3Total revenue (FTE basis) grew to $9.0 billion, up from $8.5 billion in the prior year, reflecting broad-based revenue improvements.
  • 4The provision for credit losses increased to $662 million, primarily due to a fraud-related impairment of an asset-backed finance commercial loan and higher period-end loan balances.
  • 5Total assets increased to $214.4 billion as of December 31, 2025, with total loans and leases growing by 2% year-over-year.
  • 6Capital ratios remain strong, with CET1 risk-based capital ratio at 10.81%, Tier 1 risk-based capital ratio at 11.87%, and Total risk-based capital ratio at 13.78%.
  • 7The Bancorp successfully completed its merger with Comerica Incorporated in February 2026, which is expected to enhance its market position and drive future growth.

Frequently Asked Questions

Fifth Third Bancorp's net income available to common shareholders for the year ended December 31, 2025, was $2.4 billion, or $3.53 per diluted share.

Net interest income on an FTE basis increased by $348 million to $6.0 billion for the year ended December 31, 2025, compared to the prior year. This growth was driven by lower funding costs and higher average balances of loans and leases, partially offset by lower yields on certain investments and commercial loans.

As of December 31, 2025, Fifth Third Bancorp maintained strong capital ratios, with its Common Equity Tier 1 (CET1) risk-based capital ratio at 10.81%, Tier 1 risk-based capital ratio at 11.87%, and Total risk-based capital ratio at 13.78%, all well above regulatory requirements.

The provision for credit losses increased to $662 million for the year ended December 31, 2025, primarily due to a fraud-related impairment of an asset-backed finance commercial loan ($178 million charge-off and $20 million specific allowance), an increase in specific reserves on individually evaluated commercial loans, and higher period-end loan and lease balances.

Fifth Third Bancorp closed its merger with Comerica Incorporated on February 1, 2026, creating a larger, combined entity. Additionally, in January 2026, the Bancorp issued $1.0 billion in fixed-rate/floating-rate senior notes maturing in 2032 and another $1.0 billion in fixed-rate/floating-rate senior notes maturing in 2037.