Ebrahim Poonawala

Manan Gosalia

Mike Mayo

Peter Winter

Scott Siefers

- Fifth Third Bancorp announced a definitive merger agreement to acquire Comerica Incorporated in an **all-stock transaction valued at $10.9 billion**.  **[35527_0001193125-25-230873_d91245dex991.htm:1]** 
- Under the terms, Comerica stockholders will receive **1.8663 Fifth Third shares** for each Comerica share, representing **$82.88 per share** as of October 3, 2025, and a **20% premium** to Comerica's 10-day volume-weighted average stock price.  **[35527_0001193125-25-230873_d91245dex991.htm:1]** 
- The combined entity is projected to become the **9th largest U.S. bank** with approximately **$288 billion in assets**.  **[35527_0001193125-25-230873_d91245dex991.htm:1]** **[35527_0001193125-25-230873_d91245dex992.htm:6]**  The acquisition is expected to be **immediately accretive to shareholders**, with **9% EPS accretion** by 2027E, **no tangible book value per share dilution**, and **$850 million in pre-tax expense synergies**.  **[35527_0001193125-25-230873_d91245dex991.htm:1]** **[35527_0001193125-25-230873_d91245dex992.htm:7]** **[35527_0001193125-25-230873_d91245dex992.htm:11]**  
- The transaction is anticipated to close at the **end of the first quarter of 2026**, subject to shareholder and customary regulatory approvals.  **[35527_0001193125-25-230873_d91245dex991.htm:1]** **[35527_0001193125-25-230873_d91245dex992.htm:7]**

FIFTH THIRD BANCORP (FITBI)