Key Highlights

  • The board raised the quarterly common Dividend 5%, or 2 cents, to $0.42 per share, payable October 15, 2026.
  • The increase marks the 11th consecutive year of an increased common dividend per share, according to the company.
  • Second-quarter GAAP diluted EPS was $0.83, and adjusted diluted EPS, a non-GAAP measure, was $1.02.
  • Net interest Margin was 3.36%, up 6 basis points sequentially, and the CET1 Capital ratio was 9.93%.

Overview

Fifth Third Bancorp (NASDAQ:FITB) raised its quarterly common dividend 5%, or 2 cents, to $0.42 per share from $0.40, declared September 17, 2026 and payable October 15 to holders of record on September 30. The dividend yields 3.22%. The company states the increase marks its 11th consecutive year of an increased common dividend per share. Second-quarter GAAP diluted EPS was $0.83 and adjusted diluted EPS was $1.02.

Dividend Program and Shareholder Returns

The board declared the $0.42 quarterly common dividend on September 17, 2026, payable October 15 to shareholders of record on September 30. It trades ex-dividend on September 30. The company describes the 2 cent, or 5%, increase from $0.40 as its 11th consecutive year of an increased common dividend per share.

Cash dividends per common share paid in the second quarter were $0.40, compared with $0.37 in the year-earlier quarter, an increase of 8%. The company also reported no share repurchase activity in the first half of 2026. The board also declared dividends on preferred shares.

About the Company

Fifth Third Bancorp is a bank holding company. Its second-quarter results include the Comerica acquisition, and total Assets reached $300 billion, a milestone that made it a Category III institution, according to the company. It reports both GAAP and adjusted per-share results.

Second-Quarter Earnings, Margin and Capital

Net income available to common shareholders was $763 million. GAAP diluted EPS was $0.83, and adjusted diluted EPS, a non-GAAP measure that excludes certain items, was $1.02.

Net interest margin was 3.36%, up 6 basis points from the first quarter. The common Equity tier 1 capital ratio was 9.93%, up 4 basis points sequentially. Total assets were $300 billion.

Comerica Integration, Revenue and Efficiency

The company stated that the Comerica integration continues, with the systems conversion scheduled for Labor Day weekend as the final step to unlocking the full run-rate of expected cost synergies.

Net interest income on a fully taxable-equivalent basis was $2.220 billion, up 14% sequentially and 48% year over year. Noninterest income was $1.059 billion, up $164 million, or 18%, sequentially and up $309 million, or 41%, year over year.

Noninterest expense excluding certain items and non-qualified deferred compensation was $1.861 billion, up 5% sequentially and 51% year over year. The adjusted efficiency ratio was 57.1%, an improvement of 480 basis points sequentially. Adjusted return on tangible common equity improved 100 basis points, according to the company. Net charge-offs were 30 basis points, which the company described as the lowest level since the second quarter of 2023.

Outlook

Net interest margin, the CET1 capital ratio, completion of the Comerica systems conversion, the adjusted efficiency ratio, Credit costs, and the board's annual dividend decisions are the relevant considerations.