Fifth Third's reported EPS fell to $0.83 in its first full quarter with Comerica

Fifth Third reported diluted earnings per share of $0.83 for the second quarter, down from $0.88 a year earlier, even as net income available to common shareholders rose 29 percent to $763m. The gap is the merger. Reported results carried $203m of merger-related charges from the Comerica integration, down from $635m in the first quarter, and stripping those and other items lifts adjusted earnings to $1.02 a share. This was the first full quarter with Comerica consolidated, and the added balances show across the bank: average loans reached $177.6bn, from $123.1bn a year earlier, and average deposits reached $231.5bn, from $163.6bn. Net interest income was $2,215m and the net interest margin expanded to 3.36 percent. The net charge-off ratio fell to 0.30 percent, the lowest since the second quarter of 2023. Figures are from the earnings release filed with the SEC.