Fifth Third Bancorp Completes Comerica Merger, Expands Scale
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Fifth Third Bancorp ( (FITB) ) has provided an update.
On January 31, 2026, Fifth Third Bancorp completed a multi-step merger in which Comerica Incorporated and its holding entities were combined into a Fifth Third intermediary subsidiary, and Comerica Bank and Comerica Bank & Trust were folded into Fifth Third Bank, National Association, with the Comerica entities ceasing to exist as separate corporations. Comerica common shareholders received 1.8663 shares of Fifth Third common stock for each Comerica share, with cash paid for fractional shares, while Comerica preferred stock and related depositary shares were exchanged for a newly created series of Fifth Third preferred stock and equivalent depositary shares. Fifth Third and its banking subsidiary assumed approximately $2.4 billion in Comerica senior and subordinated notes, and an Ohio charter amendment effective January 31, 2026 authorized and established 400,000 shares of the new preferred series, represented by 16 million depositary shares issued to former Comerica preferred holders. As part of governance changes tied to the transaction, Fifth Third’s board was expanded to 16 members at the effective time and three former Comerica directors—Michael G. Van de Ven, Barbara R. Smith and Derek J. Kerr—were appointed to the board and assigned to key committees, reinforcing continuity and expertise following the integration. In a February 2, 2026 announcement, Fifth Third said the completed merger creates the ninth-largest U.S. bank with about $294 billion in assets, significantly broadening its footprint to 17 of the 20 fastest-growing large U.S. markets and enhancing its middle-market, commercial payments and wealth businesses, with full system and brand conversions expected in the third quarter and Comerica locations operating under their existing brand in the interim.
The most recent analyst rating on (FITB) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
Spark’s Take on FITB Stock
According to Spark, TipRanks’ AI Analyst, FITB is a Outperform.
The score is driven primarily by solid underlying financial profitability and leverage metrics, supported by favorable valuation and a constructive technical uptrend. Earnings-call guidance around the Comerica transaction is a meaningful upside catalyst, but the rating is tempered by negative revenue growth, declining free-cash-flow growth, and elevated integration/capital (AOCI) execution risk.
To see Spark’s full report on FITB stock, click here.
More about Fifth Third Bancorp
Fifth Third Bancorp is a U.S. regional banking company and the indirect parent of Fifth Third Bank, National Association, a federally chartered institution. Founded in 1858, it provides deposit and credit products, retail and commercial banking, digital banking, commercial payments, and wealth and asset management services to individuals, businesses and communities. The bank has a significant presence across the Midwest and high‑growth markets in the Southeast, Texas, Arizona and California, and its common stock trades on the Nasdaq Global Select Market under the symbol FITB.
Average Trading Volume: 9,341,046
Technical Sentiment Signal: Buy
Current Market Cap: $33.2B
Find detailed analytics on FITB stock on TipRanks’ Stock Analysis page.
