Fifth Third reports third quarter earnings of $0.90 per share
Net income reached $828 million driven by Comerica acquisition integration and strong deposit growth in key markets.
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In short: Fifth Third completed its Comerica integration, pledged expansion in Texas and Michigan, and beat Q3 estimates.
Net income reached $828 million driven by Comerica acquisition integration and strong deposit growth in key markets.
The bank increases quarterly payments to $0.42 per share and declares payouts for multiple preferred stock series on a resilient balance sheet.
This migration places nearly 600,000 clients on one system, elevating the merged firm to the ninth-largest U.S. bank with $300 billion in total assets.
The bank will invest nearly $1 billion in the state, converting 106 Comerica branches and opening 150 new locations to strengthen its market share by 2029.
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Fifth Third Bank is committing $7.6 billion over the next five years to support affordable housing, small-business growth, homeownership and community development across Michigan, with...
Fresh off its Comerica acquisition, Fifth Third plans to invest $3.1 billion in lending, affordable housing, small-business support and community development across Dallas and Houston.
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