Fifth Third Bancorp Outlines $850M Comerica Integration Plan

Bank targets cost synergies, Texas expansion, and revenue growth opportunities from acquisition.

Published on Feb. 10, 2026

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Fifth Third Bancorp executives detailed the company's plans to integrate its acquisition of Comerica, including $850 million in expected annual pre-tax expense synergies, a faster customer conversion timeline, and a major retail expansion in Texas. The bank also highlighted revenue synergy opportunities, leadership retention, and lessons learned from past integrations.

Why it matters

The Comerica acquisition significantly expands Fifth Third's footprint and capabilities, particularly in Texas and key commercial verticals. Successful integration will be crucial for the bank to realize the expected financial benefits and growth opportunities from the deal.

The details

Fifth Third expects $850 million in annual pre-tax expense synergies, roughly 35% of Comerica's expense base, to come from consolidating duplicative functions, optimizing facilities and vendors, aligning overlapping systems, and creating a more efficient operating model. The bank plans to reinvest some of the savings to pull forward revenue opportunities, including a major consumer deposit campaign and expanding its Provide fintech lending platform to Comerica's small business customers. Fifth Third also outlined a plan to open 150 new financial centers across Texas from 2027 to 2029, aiming to achieve a top-four branch share in Dallas, Houston, and Austin.

  • Fifth Third expects to recognize about $400 million of the expense synergies in 2026.
  • The bank plans to open 150 new financial centers in Texas from 2027 through 2029.

The players

Fifth Third Bancorp

A Cincinnati, Ohio-based bank holding company whose primary banking subsidiary operates as Fifth Third Bank, providing a broad range of financial services.

Comerica

A bank that Fifth Third Bancorp acquired, expanding its footprint and capabilities, particularly in Texas and key commercial verticals.

Jamie Leonard

Chief Operating Officer of Fifth Third Bancorp.

Brennen Willingham

Treasurer of Fifth Third Bancorp.

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