Comerica Stock Soars on $10.9B Fifth Third Takeover Deal
All-stock transaction marks significant consolidation in the regional banking sector, creating the 9th largest U.S. bank by assets.
Comerica (CMA) shares surged over 16% after Fifth Third Bancorp (FITB) announced a definitive agreement to acquire the Dallas-based bank in a $10.9 billion all-stock deal. The transaction represents a significant move toward consolidation within the U.S. regional banking industry and is set to create the nation's 9th largest bank by assets.
Under the terms of the merger, which was , Comerica shareholders will receive 1.8663 shares of Fifth Third for each share of Comerica they own. Based on Fifth Third's closing stock price on October 3, 2025, the deal implies a value of $82.88 per Comerica share, representing a 17.5% premium for its investors.
The strategic combination is expected to create a banking powerhouse with approximately $288 billion in assets. Upon completion, Fifth Third shareholders will own about 73% of the combined company, with Comerica shareholders holding the remaining 27%. The move is part of a broader trend of mid-sized banks joining forces to gain scale, enhance technological capabilities, and compete more effectively against megabanks like JPMorgan Chase and Bank of America.
"This merger accelerates our growth strategy, enhancing our scale and profitability in key, high-growth markets," a Fifth Third executive stated in the announcement. The combined entity will have a significant presence in 17 of the 20 fastest-growing U.S. markets, including desirable regions in Texas, California, and the Southeast. The deal leverages Fifth Third's retail and digital banking strengths with Comerica's robust middle-market commercial banking franchise.
in the financial sector as institutions seek to build scale and diversify their business lines. The acquisition is expected to be immediately accretive to Fifth Third's earnings per share and deliver significant cost synergies. The transaction is anticipated to close by the end of the first quarter of 2026, subject to customary closing conditions, including approvals from shareholders of both companies and federal regulators.