Fifth Third Bancorp: 2Q26 EPS PREVIEW: PPNR coming in better, driven by controlled expenses

Research evidence excerpt

Fifth Third Bancorp: 2Q26 EPS PREVIEW: PPNR coming in better, driven by controlled expenses

Barclays | Fifth Third Bancorp

N: Fifth Third Bancorp is, or during the past 12 months has been, a non-investment banking client (non-securities related services) of Barclays Bank

PLC and/or an affiliate.

Valuation Methodology: Our price target is $63, based on 13x our 2027 EPS estimate of $4.85.

Risks which May Impede the Achievement of the Barclays Research Valuation and Price Target: Further branch and revenue initiatives may add

additional costs going forward. A recession driven by higher rates could weigh on credit quality and slow loan growth. Lower rates may cause NII

pressure. Its recent announced acquisition of CMA may result in higher-than-expected costs and lower-than-expected synergies.

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