Fifth Third Eyes Expansion in Texas -- Market Talk

Dow Jones

2025/10/07

1242 ET - Fifth Third's acquisition of Comerica will cement the bank's leadership in the Midwest, while expanding its presence in quickly growing markets, executives say on a call with analysts. The deal will add density in Michigan, making Fifth Third the leading bank in retail deposits across the state and in Detroit, "the one large metro area in Fifth Third's Midwestern footprint where we are not top five today," CEO Tim Spence says. The deal will also accelerate growth and market share in Texas and California. The bank, which has been building out in Southeast markets, says it plans to open 150 new locations in Texas by 2029. "When completed, over half of our branches will be in the higher-growth Southeast, Texas and Arizona markets," CFO Bryan Preston says. (connor.hart@wsj.com)

(END) Dow Jones Newswires

October 06, 2025 12:42 ET (16:42 GMT)

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The deal will add density in Michigan, making Fifth Third the leading bank in retail deposits across the state and in Detroit, \"the one large metro area in Fifth Third's Midwestern footprint where we are not top five today,\" CEO Tim Spence says. The deal will also accelerate growth and market share in Texas and California. The bank, which has been building out in Southeast markets, says it plans to open 150 new locations in Texas by 2029. \"When completed, over half of our branches will be in the higher-growth Southeast, Texas and Arizona markets,\" CFO Bryan Preston says. (connor.hart@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 06, 2025 12:42 ET (16:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FITB","symbol_name":"五三銀行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2573458601","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573458601","pubTimestamp":1759768920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1242 ET - Fifth Third's acquisition of Comerica will cement the bank's leadership in the Midwest, while expanding its presence in quickly growing markets, executives say on a call with analysts. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FITB":"五三银行","BK4585":"ETF&股票定投概念","CMA":"联信银行","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4207":"综合性银行","BK4589":"SVB概念","BK4211":"区域性银行","BK4588":"碎股"},"translate_title":"Fifth Third Eyes在德克萨斯州扩张——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FITB":0.9,"CMA":0.7},"content_text":"1242 ET - Fifth Third's acquisition of Comerica will cement the bank's leadership in the Midwest, while expanding its presence in quickly growing markets, executives say on a call with analysts. The deal will add density in Michigan, making Fifth Third the leading bank in retail deposits across the state and in Detroit, \"the one large metro area in Fifth Third's Midwestern footprint where we are not top five today,\" CEO Tim Spence says. The deal will also accelerate growth and market share in Texas and California. The bank, which has been building out in Southeast markets, says it plans to open 150 new locations in Texas by 2029. \"When completed, over half of our branches will be in the higher-growth Southeast, Texas and Arizona markets,\" CFO Bryan Preston says. (connor.hart@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 06, 2025 12:42 ET (16:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}