Financial Performance - Net income for Q4 2025 was $176 million, up from $170 million in Q4 2024, with diluted earnings per share increasing to $1.27 from $1.22 year-over-year[1] - Net income attributable to common shares for Q4 2025 was $164 million, slightly up from $163 million in Q4 2024[4] - Comprehensive income for the year ended December 31, 2025, was $1.805 billion, significantly higher than $585 million in 2024[4] - Net interest income for the year ended December 31, 2025, was $2.301 billion, an increase from $2.190 billion in 2024[1] - Net interest income after provision for credit losses increased to $563 million in Q4 2025, up 2% from $554 million in Q4 2024[5] - Noninterest income totaled $273 million in Q4 2025, representing a 9% increase from $250 million in Q4 2024[5] - Total noninterest expenses rose to $617 million in Q4 2025, a 5% increase from $587 million in Q4 2024[5] Capital Position - The common equity tier 1 capital ratio improved to 12.02% in Q4 2025 from 11.89% in Q4 2024, indicating stronger capital position[1] - Common equity tier 1 capital increased to $8,754 million as of December 31, 2025, up from $8,667 million a year earlier, reflecting a growth of 1.0%[10] - The Tier 1 capital ratio improved to 12.56% in Q4 2025, compared to 12.43% in Q4 2024, indicating a stronger capital position[10] - Tangible common equity rose to $6,676 million, a 21.1% increase from $5,508 million in the previous year[10] - Total shareholders' equity reached $7,707 million, up from $6,543 million year-over-year, representing a growth of 17.7%[10] - The common equity tier 1 capital ratio was 12.02% as of December 31, 2025, compared to 11.89% a year prior, showing an improvement in capital quality[10] - Tangible common equity per share of common stock increased to $52.16, up from $41.91 in the previous year, reflecting a growth of 24.5%[10] - The common shareholders' equity per share of common stock was $57.16, an increase from $46.79 year-over-year, representing a growth of 22.1%[10] Asset Quality - Nonperforming assets decreased to $251 million in Q4 2025 from $308 million in Q4 2024, reflecting improved credit quality[1] - The allowance for credit losses as a percentage of total loans was 1.45% in Q4 2025, slightly up from 1.44% in Q4 2024, suggesting a cautious approach to credit risk[1] - Risk-weighted assets were reported at $72,841 million, slightly down from $72,903 million a year earlier[10] - The tangible common equity ratio improved to 8.40 as of December 31, 2025, compared to 7.00 a year earlier, indicating enhanced asset quality[10] Operational Efficiency - The efficiency ratio for Q4 2025 was 72.30%, compared to 69.51% in Q4 2024, indicating a slight decline in operational efficiency[1] - Total loans increased to $51.012 billion in Q4 2025, compared to $50.617 billion in Q4 2024, with commercial loans at $26.891 billion[1] - Total interest income for Q4 2025 was $932 million, a decrease of 4% compared to $967 million in Q4 2024[4] Strategic Developments - The number of banking centers decreased to 352 from 381 year-over-year, indicating a strategic consolidation[1] - The merger-related expense for Q4 2025 was $32 million, impacting net income calculations[6] - The company expects the merger with Fifth Third Bancorp to close in Q1 2026, pending customary closing conditions[7] - Cash dividends declared remained stable at $0.71 per share for both Q4 2025 and Q4 2024[1] - The company declared cash dividends of $90 million on common stock in Q4 2025, consistent with Q4 2024[4] Asset Growth - Total assets as of December 31, 2025, were $80.074 billion, up from $79.297 billion a year earlier[3] - The total assets increased to $80,074 million from $79,297 million year-over-year, reflecting a growth of 1.0%[10]

Applications now open for the 14th annual entrepreneurial contest to find the next winning brick-and-mortar small businessDETROIT, Jan. 16, 2026 /PRNewswire/ -- TechTown Detroit and Comerica Bank have announced the return of the Comerica Hatch Detroit Contest by TechTown, a small business competition that awards $100,000 in startup funding as well as support services to one entrepreneur seeking to open a brick-and-mortar storefront in Detroit, Hamtramck or Highland Park. The competition, first launched in ...

Key insight: The banks expect to close the deal, which they reached on Oct. 5, on the early end of the timeline they had laid out.What's at stake: The combination of Fifth Third and Comerica would create the 16th-largest depository institution in the country, with more than $290 billion of assets.Forward look: Litigation that an activist investor has filed in an effort to stop the deal is still ongoing.Fifth Third Bancorp and Comerica have rounded the final corner in the race to close their proposed $10.9 b ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The Federal Reserve on Tuesday approved Fifth Third’s application to acquire Comerica, marking the last regulatory green light needed for 2025’s largest proposed banking deal to close. That closing is expected Feb. 1, with system and brand conversions to follow later this year, Fifth Third said in a release Tuesday. “We are thrilled to have all material approvals ...

Core Viewpoint - The Federal Reserve has officially approved Fifth Third Bank's acquisition of CIT Bank, signaling a green light for large bank mergers in 2025. The deal, valued at approximately $10.9 billion in stock, will result in a combined asset size of about $288 billion, positioning Fifth Third Bank as the ninth largest bank in the U.S. [1] Group 1: Acquisition Details - Fifth Third Bank reached an agreement to acquire CIT Bank for about $10.9 billion in stock, with the merger expected to create a bank with approximately $288 billion in assets [1] - Following the merger, Fifth Third Bank's total assets will exceed the $250 billion threshold, subjecting it to stricter capital, liquidity, and compliance requirements [5] - Shareholders of CIT Bank will receive 1.8663 shares of Fifth Third Bank stock for each share they own, with Fifth Third Bank shareholders retaining about 73% of the combined entity [6] Group 2: Strategic Implications - The merger is part of a broader trend among regional banks in the U.S. to consolidate in order to share the costs of technology upgrades and compliance management [1] - Fifth Third Bank aims to expand its presence in high-growth southeastern markets, including cities like Atlanta, Nashville, Houston, Dallas, and Charlotte, which have experienced a compound annual population growth rate of about 1% since 2010 [1] - Fifth Third Bank's CEO, Tim Spence, emphasized that the acquisition will enhance the bank's capabilities in serving mid-sized businesses and provide more flexibility in funding structures amid rising interest rates [5] Group 3: Market Context - The acquisition comes in the context of other significant transactions in the banking sector, such as PNC Financial Services Group's $4.1 billion acquisition of First Bank and Pinnacle Financial Partners' $8.6 billion merger with Synovus [6] - The CEO of CIT Bank, Curt Farmer, noted that the bank faced challenges during the regional banking crisis due to a concentration of large commercial deposits, which made it vulnerable to deposit outflows [5]

Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies for sever ...

The Federal Reserve Board on Tuesday announced its approval of the application by Fifth Third Bancorp, of Cincinnati, Ohio, to acquire Comerica Incorporated, of Dallas, Texas. As a result, Firth Third will indirectly acquire Comerica Bank, located in Dallas, Texas, and Comerica Bank & Trust, National Association, located in Ann Arbor, Michigan. For media inquiries, please email [email protected] or call (202) 452-2955. ...

Core Viewpoint - The merger between Fifth Third Bancorp and Comerica has received shareholder approval and is expected to close in the first quarter, creating the ninth-largest U.S. bank with $290 billion in assets [1][2][3]. Group 1: Merger Approval and Details - Shareholders of Fifth Third Bancorp voted 99.7% in favor of the merger, while 97.0% of Comerica stockholders supported it [2]. - The proposed merger is valued at $10.9 billion and aims to enhance both banks' capabilities and market presence [5]. Group 2: Strategic Implications - The merger will combine Fifth Third's retail and digital capabilities with Comerica's middle market banking franchise, creating a more resilient institution [4]. - The transaction is expected to drive innovation and strengthen customer relationships, benefiting the communities served by both banks [5]. Group 3: Market Position and Growth - Upon completion, the new entity will operate in 17 of the 20 fastest-growing large markets in the U.S., positioning it closer to the "Big Four" national banks [3][6]. - Fifth Third plans to expand its branch network significantly, adding 150 branches to Comerica's Texas footprint [7].

Core Viewpoint - The merger between Fifth Third Bancorp and Comerica has received shareholder approval and is expected to close in the first quarter, creating the ninth-largest U.S. bank with $290 billion in assets [1][2][3]. Group 1: Merger Approval and Details - Shareholders of Fifth Third Bancorp voted 99.7% in favor of the merger, while 97.0% of Comerica stockholders supported it [2]. - The proposed merger is valued at $10.9 billion and aims to enhance both banks' capabilities and market presence [5]. Group 2: Strategic Implications - The merger will combine Fifth Third's retail and digital capabilities with Comerica's middle market banking franchise, creating a more resilient institution [4]. - The transaction is expected to drive innovation and strengthen customer relationships, benefiting the communities served by both banks [5]. Group 3: Market Position and Growth - Upon completion, the new entity will operate in 17 of the 20 fastest-growing large markets in the U.S., positioning it closer to the "Big Four" national banks [3][6]. - Fifth Third plans to expand its branch network significantly, adding 150 branches to Comerica's Texas footprint [7].

Key insight: Fifth Third and Comerica's shareholders both blessed the companies' proposed merger, but the two banks are still embroiled in a legal battle with an activist investor.What's at stake: If the deal crosses the finish line, it will be one of the largest bank mergers of the last decade.Forward look: The banks still need approval from the Federal Reserve Board to close their $10.9 billion deal.Fifth Third Bancorp and Comerica each won near-unanimous shareholder approval for their proposed $10.9 bill ...