Fifth Third to acquire Comerica in $10.9bn deal.

Cincinnati-based bank Fifth Third Bancorp said on Monday that it had agreed to acquire regional peer Comerica in an all-stock deal valued at $10.9bn, creating the ninth-largest US bank by assets.

Comerica Inc.
06 October 2025 12:41:04

Source: Sharecast

Following the acquisition, the combined group will hold around $288bn in total assets, with the transaction expected to be completed in the first quarter of 2026.

The SPDR S&P Regional Banking ETF rose 1% prior to the open amid expectations the deal could spark further consolidation across the sector, with the Trump administration moving to ease both regulatory and takeover scrutiny.

"This combination marks a pivotal moment for Fifth Third as we accelerate our strategy to build density in high-growth markets and deepen our commercial capabilities," said Fifth Third chief executive Tim Spence.

"Joining with Fifth Third – with its strengths in retail, payments and digital – allows us to build on our leading commercial franchise and further serve our customers with enhanced capabilities across more markets," added Comerica CEO Curt Farmer.

As of 1240 BST, Fifth Third shares were down 4.32% at $42.49 each, while Comerica surged 11.41% to $78.60 per share.

Reporting by Iain Gilbert at Sharecast.com

S&P 500 ( S500 )

ISIN: N/A

Exchange: New York Stock Exchange

Sell:

6,747.01

Buy:

6,749.64

Change: 33.65 ( 0.50 %)

Date:

08/10/2025 - 20:10

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.