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.
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
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 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 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 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 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%.
Alleged external fraudulent activity discovered at a commercial borrower of Fifth Third Bank, National Association associated with an asset-backed finance loan.
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 authorizes 100M share buyback, replacing prior 11.8M remaining authorization
Board approved repurchase of up to 100 million common shares, effective immediately.
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