Fifth Third’s Comerica expansion shows deposit growth but higher costs
The Comerica acquisition has expanded Fifth Third’s addressable market, with deposits from newer branches averaging more than $25 million in their first 12 months and expectations for further Southeast growth. In Q2 2026, average deposits rose 11% sequentially to about $232 billion, and consumer deposits increased $4.6 billion. Non-interest expenses climbed 67% year over year to $2.11 billion, lifting emphasis on execution.