Fifth Third to Acquire Comerica in $10.9B All-Stock Deal
The acquisition creates the ninth-largest U.S. bank and signals accelerating consolidation within the regional banking sector.
Fifth Third Bancorp has agreed to acquire Comerica in a blockbuster $10.9 billion all-stock transaction, a move that sent Comerica's shares surging over 10% and marks a significant step in the ongoing consolidation of the U.S. regional banking industry.
The deal will create the ninth-largest bank in the United States by assets. Under the terms of the agreement, Comerica stockholders will receive 1.8663 Fifth Third shares for each share they own, representing a 20% premium to Comerica's recent volume-weighted average stock price. by the end of the first quarter of 2026, subject to customary regulatory and shareholder approvals.
Analysts view the combination as a strategic push by Fifth Third to enhance its scale and expand its geographic reach into 17 of the 20 fastest-growing markets in the country. The move combines Fifth Third's strength in consumer banking with Comerica's robust middle-market commercial franchise. as a bellwether for increased M&A activity among regional banks, which are facing mounting pressure from larger national players and fintech competitors.
Upon completion, Fifth Third shareholders will own approximately 73% of the combined entity, with Comerica shareholders holding the remaining 27%. as a "game-changer," reflecting a broader trend toward creating larger, more resilient regional banking institutions capable of navigating increasing regulatory and technological demands.