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Fifth Third Updates on Comerica Integration Progress

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Financial ServicesMerger

Deal Overview

Fifth Third Bancorp reported that its integration of Comerica is proceeding without surprises after the merger closed earlier in 2026. CEO Tim Spence said the integration has continued at an accelerated pace as Fifth Third folds Comerica into its systems.

Fifth Third plans to deliver $360 million of net cost savings in 2026 and reach an $850 million annual run rate by the fourth quarter. The bank also flagged that systems conversion is slated for Labor Day weekend.

Fifth Third spent $635 million on the merger in the first quarter, representing about half of expected full-year merger-related costs.

Key Details

Transaction
Fifth Third Bancorp acquires Comerica
Deal Size
Over $100M

Filed under

Source

Read full article on americanbanker.com

via American Banker · April 17, 2026

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