Kevin Lavender
On June 25, 2025, Fifth Third Bancorp named Kevin Lavender Vice Chairman, Commercial Bank, effective July 14, 2025.
Highest-materiality recent filing
Fifth Third swaps up to $1.55B Comerica notes for new FITB notes; consent solicitations
Fifth Third Bancorp commenced Exchange Offers up to $1.55B aggregate principal of Existing FTFC (Comerica) notes for new FITB notes plus cash.
FITB shareholders elect 16 directors, ratify Deloitte, approve say-on-pay
All 16 board nominees elected with votes-for ranging from 701M to 734M; no director received < 90% of votes cast.
Fifth Third FY2025: ROAA 1.19%, CET1 10.81%, dividend 5Y CAGR 7%
Full-year 2025 ROAA 1.19%, ROACE 12.6%, efficiency ratio 56.9% (non-GAAP).
Fifth Third Q1 EPS $0.15 includes $0.68 in merger charges; Comerica deal closed Feb 1
Net income available to common shareholders $128M ($0.15 diluted EPS), down from $699M ($1.04) in Q4 2025
Proforma assets $294B, deposits $237B, loans $173B, branches 1,482 reflecting combined Comerica acquisition.
Fifth Third completes Comerica acquisition; files audited Comerica 2024 financials
Acquisition closed February 1, 2026, under agreement dated October 5, 2025.
Fifth Third awards PSUs tied to Comerica integration; CEO receives $5M grant
CEO Timothy Spence receives PSU grant with $5M value, shares must be held until 2031.
Fifth Third updates Comerica integration; legal close Feb 1, system conversion Sept 8
Assets $294B, deposits $237B, loans $173B as of 12/31/25; ranked 9th in U.S. for assets and deposits.
Fifth Third closes merger with Comerica to become 9th largest U.S. bank
Combined assets ~$294B; exchange ratio 1.8663 Fifth Third shares per Comerica share.
Fifth Third issues $2B of senior notes: $1B 4.566% notes due 2032, $1B 5.141% notes due 2037
Issued $1B of 4.566% Fixed/Floating Rate Senior Notes due 2032 and $1B of 5.141% notes due 2037.
Fifth Third Q4 2025 EPS $1.04 beats $0.85 YoY; NIM flat 3.13%, credit improves
Net income available to common $699M, diluted EPS $1.04 vs $0.85 YoY (+22%).
Fifth Third Bancorp announces Q4 2025 earnings release on January 20, 2026
Company issued press release for Q4 2025 earnings with financial results.
Fifth Third receives all regulatory approvals to acquire Comerica; close set for Feb 1, 2026
Fed, OCC, and shareholder approvals now in hand; all material clearances received.
Fifth Third Bank to redeem $750M 3.850% Subordinated Notes on Feb 13, 2026
Fifth Third Bank will redeem all $750M outstanding 3.850% Subordinated Notes due March 15, 2026.
Fifth Third and Comerica shareholders approve merger; deal expected to close Q1 2026
Fifth Third shareholders voted 99.7% in favor (536.8M for) of stock issuance for Comerica acquisition.
Fifth Third board: Hal Harvey retires, Priscilla Almodovar appointed Jan 7, 2026
Thomas H. Harvey notified Fifth Third of his retirement from the Board, effective January 7, 2026.
Fifth Third presents at Goldman Sachs conference; highlights top-decile ROTCE and efficiency
Assets $213B, deposits $167B; ranked 11th among U.S. commercial banks.
Fifth Third presents at BAAB conference; reiterates Q3 2025 metrics & strategy
Presentation repeats Q3 2025 data: $213B assets, $167B deposits, 1,102 branches, #10 US bank.
Fifth Third Q3 2025 EPS $0.91, up 17% YoY; NIM expands 7th straight quarter
Net income available to common $608M, diluted EPS $0.91 (vs $0.78 YoY); revenue (FTE NII + noninterest income) $2,306M.
Each Comerica common share converts into 1.8663 Fifth Third common shares; cash for fractional shares.
Fifth Third to acquire Comerica for $10.9B in all-stock deal; 20% premium to 10-day VWAP
Comerica shareholders receive 1.8663 FITB shares per CMA share (~$82.88/share); Fifth Third owners get 73%, Comerica owners 27%.
Fifth Third completes $300M ASR; 6.93M shares bought at $43.29; ~93.1M shares remain
Total 6,929,352 shares repurchased under July 18 ASR at average price $43.2941 per share.
Fifth Third Bancorp to redeem Series L Preferred Stock; Q3 charge ~$3.5M
Redemption of all Series L Preferred Stock and related Depositary Shares on September 30, 2025.
Alleged external fraudulent activity discovered at a commercial borrower of Fifth Third Bank, National Association associated with an asset-backed finance loan.
Fifth Third Bancorp enters $300M share repurchase pact with Deutsche Bank
Fifth Third agreed to repurchase $300M of common stock from Deutsche Bank AG, London Branch.
Fifth Third Q2 2025 EPS $0.88; NIM expands to 3.12%
Net income available to common shareholders $591M; diluted EPS $0.88 vs $0.71 prior quarter and $0.81 year ago.
Fifth Third Bancorp names Kevin Lavender Vice Chairman, Commercial Bank effective July 14
Kevin Lavender appointed Vice Chairman, Commercial Bank, effective July 14, 2025.
Fifth Third Bancorp authorizes 100M share buyback, replacing prior 11.8M remaining authorization
Board approved repurchase of up to 100 million common shares, effective immediately.
CFO Bryan Preston presented at 2025 Morgan Stanley U.S. Financials Conference on June 10, 2025.
On June 25, 2025, Fifth Third Bancorp named Kevin Lavender Vice Chairman, Commercial Bank, effective July 14, 2025.
Max materiality 0.95 · Median 0.60 · Most common event other_material