Fifth Third Bancorp announced its financial results for the third quarter of 2026 on October 19, 2026. The company reported net income available to common shareholders of $828 million, or $0.90 per diluted share, for the three months ended September 30, 2026. This figure represents an increase from $763 million, or $0.83 per diluted share, in the prior quarter and $608 million, or $0.91 per diluted share, in the same period in 2025.
Adjusted earnings per share, which excludes certain items, were $1.13 for the quarter. The adjusted results reflect a $0.23 per share impact from merger-related charges, interchange litigation matters, and technology-related asset impairments. Net interest income, calculated on a fully taxable-equivalent basis, increased 3% sequentially to $2.28 billion. This growth was attributed to higher market rates, fixed-rate asset repricing, and loan growth. The company reported a net interest margin of 3.34%.
Noninterest income for the quarter was $1.01 billion, a decrease of 5% from the previous quarter but an increase of 29% compared to the prior year. This change was driven by higher mortgage banking, commercial banking, and wealth and asset management revenue, which was partially offset by lower capital markets fees due to market volatility. Noninterest expense decreased 3% sequentially to $2.05 billion, primarily due to lower compensation and benefits costs.
The company reported an adjusted return on average tangible common equity of 16.6% and an adjusted return on average assets of 1.14%. Credit quality remained stable, with a net charge-off ratio of 31 basis points and a nonperforming asset ratio of 0.64%. Average portfolio loans and leases increased 1% sequentially to $179.2 billion, driven by growth in commercial loans and leases. Average deposits increased to $238.3 billion, with core deposits growing 3% sequentially.
Fifth Third also noted the completion of its systems conversion with former Comerica Bank, with strong client and banker retention. The company gained deposit share in Texas and California, with capped deposits in Dallas, Houston, and Austin each up more than 20% year-over-year.
