Fifth Third Q3 2026: adjusted EPS $1.13 beats, revenue up 42.5%
Fifth Third's third quarter shows the Comerica deal adding scale but not yet per-share earnings: revenue rose 42.5% to $3.28 billion and net income climbed 33.4% to $866 million, while diluted EPS of $0.90 was flat against last year's $0.91 because the share count is 36.7% larger. Adjusted EPS of $1.13 beat the $0.9637 consensus. Read the gap between the two EPS lines, and the deposit line, before the headline.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $0.90 came in against $0.91 a year ago and a $0.9637 consensus, so the GAAP number missed by roughly $0.06. The bridge to the adjusted $1.13 is $0.23 of after-tax items, mostly $171 million of merger charges, plus $26 million of interchange litigation and $14 million of technology-related impairments. On that adjusted basis the company beat by about $0.17, which is the version management is steering you toward.
Revenue of $3.28 billion was up 42.5% from $2.30 billion a year earlier but only 0.2% above the $3.274 billion posted in the second quarter. Almost all of the year-over-year lift is the Comerica balance sheet: net interest income rose 49.2% to $2.28 billion while noninterest income rose 29.1% to $1.01 billion. Sequentially the fee side slipped 5%, with capital markets fees down 5% and other noninterest income down 64%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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