Fifth Third Bancorp posts higher profit as Comerica integration boosts gains

The bank said net interest income rose 15% and pretax income reached $1.04 billion after its Comerica acquisition, while profit attributable to common shareholders totaled $763 million.

Summary

Fifth Third Bancorp reported stronger results following its acquisition of Comerica, with net interest income rising 15% and pretax income reaching $1.04 billion. Net profit attributable to common shareholders was $763 million. The update adds operating detail to earlier profit figures and underscores how the Comerica integration is contributing to earnings growth.

Terms & Concepts
  • net interest income: The difference between what a bank earns on loans and investments and what it pays on deposits and other funding.
  • pretax income: A company's profit before income taxes are deducted.