Fifth Third Bancorp (FITB) Presents at Bank of America Financial Services Conference 2026 Transcript

Ebrahim Poonawala
BofA Securities, Research Division

Next up with us, we have Fifth Third Bancorp. From Fifth Third, we have Jamie Leonard, Chief Operating Officer. And joining Jamie, we have Brennen Willingham who is the Treasurer of Fifth Third. So thank you, both of you for joining us.

James Leonard
Executive VP & COO

Thank you.

Ebrahim Poonawala
BofA Securities, Research Division

And I believe, Jamie has some prepared remarks for us. So I hand it over to Jamie, first.

James Leonard
Executive VP & COO

Thank you, Ebrahim. And good afternoon. Thanks for joining us today. It is a pleasure to be out of the Cincinnati snow to discuss in Florida, why the Comerica acquisition represents such an important milestone for Fifth Third. How we are executing on the integration. And why we believe this transaction positions us for stronger, more resilient performance in the years ahead.

When we evaluated this transaction, we focused on one question. Will this combination create a meaningfully better bank? The answer is unequivocally yes, strategically, financially and operationally. This acquisition strengthens our competitive position, expands our capabilities and support superior long-term returns. It creates a more durable, more efficient and better growth-oriented franchise, not just a larger one. The financial logic is also compelling. There’s no tangible book dilution at close, with expected tangible book value per share accretion each quarter this year, achievable cost synergies and a long runway for sustainable growth.

This is a disciplined acquisition, aligned with our long-standing commitment to through-the-cycle value creation. As you know, while it’s important that the