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Research Alert: Fitb: Q1 Results Dominated By The Comerica Acquisition
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Research Alert: Fitb: Q1 Results Dominated By The Comerica Acquisition
Apr 17, 2026 5:15 AM

08:00 AM EDT, 04/17/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

FITB posted mixed Q1 2026 results, with operating EPS of $0.83 vs. $0.73 prior year, in line with consensus, while revenue of $2.8B (+21%) also met expectations. Results reflect the successful February 1 closure of the $12.7B Comerica acquisition, bringing $51B in loans and $65B in deposits. The acquisition meaningfully improved credit quality, with the NCO ratio declining to 37 bps from 40 bps, marking the lowest level in two years, while nonperforming assets also declined, with the NPA ratio falling to 57 bps from 65 bps. Management highlighted successful retention of key customer-facing colleagues and early revenue synergies across commercial and consumer businesses. Net interest income surged 26% Q/Q to $1.939B, reflecting Comerica contributions and lower funding costs. However, operating metrics were significantly impacted by $635M in merger-related charges, representing approximately half of expected full-year costs, while the CET1 capital ratio declined to 9.96% from 10.81% due to acquisition impacts.

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