Fifth Third Bancorp (FITB) reported adjusted diluted EPS of $1.13 for the third quarter, excluding $0.23 per share in merger-related charges, technology impairments, and litigation matters. Net interest income rose 3% sequentially to $2.28 billion, helped by fixed-rate asset repricing and commercial loan growth, while average core deposits reached $236 billion. The bank finished the Comerica technical integration, with the adjusted efficiency ratio improving to 54.6% and adjusted ROTCE at 20.6%, above its 19% 2027 target. However, a sharp rise in long-term rates caused a $1.6 billion negative AOCI move in the quarter. For Q4, management guided net interest income growth of 2.5% to 3.5% sequentially, assuming a 25-basis-point rate hike in December 2026.
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