Fifth Third Bancorp

Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services, and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan, and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile, and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies, and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.

Earnings data Q1 2021

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Earnings data Q4 2024

Fifth Third Bancorp posts record revenue in Q4 2022, eyes strong 2023 growth

Fifth Third Bancorp's strong Q4 2022 performance and robust outlook for 2023 highlight its resilience and growth potential. While facing challenges in fee income and market recovery, the company's focus on strategic investments and capital management positions it well for the future. Opportunities in deposit growth, technology, and customer origination offer avenues for sustained growth.

Fifth Third Bancorp reports robust Q1 earnings and strategic growth plans

Fifth Third Bancorp's Q1 performance reflects strong earnings growth and a focus on stability amidst sector challenges. The bank's emphasis on ethical practices, credit quality, and proactive capital management positions it well for future growth. Addressing challenges in deposit competition and regulatory changes while pursuing growth opportunities will be key for sustained success.

Fifth Third Bancorp reports robust Q2 earnings amid economic uncertainties

Fifth Third Bancorp delivered strong Q2 results amidst economic uncertainties, focusing on strategic balance sheet adjustments and risk management. The bank's proactive approach to adapting to regulatory changes and optimizing operations positions it well for future growth.

Fifth Third Bancorp reports robust Q3 performance and eyes loan growth opportunities

Fifth Third Bancorp delivered solid performance with strong credit metrics and deposit growth.
The bank's disciplined underwriting and proactive risk management are key strengths.
Challenges include customer caution and improving efficiency ratio in 2024.
Opportunities lie in fixed rate loan repricing benefits and potential loan growth next year.

Fifth Third Bancorp posts record revenue and plans for growth

Fifth Third Bancorp delivered strong financial performance in 2023, emphasizing record revenue, balanced growth, and profitability metrics.
While facing challenges in loan growth and interest income, the bank's defensive balance sheet, strategic investments, and growth opportunities position it for continued success.
By focusing on regulatory compliance, capital strength, and market expansion, Fifth Third Bancorp aims to navigate challenges and leverage opportunities for sustainable growth and shareholder value.

Fifth Third Bancorp reports robust Q1 performance amidst industry shifts

Fifth Third Bancorp's Q1 2024 performance showcased strong financial metrics, with a focus on fee income growth and expense management. Despite challenges in NPAs and solar financing, the company is poised to capitalize on opportunities in Texas and fixed rate asset repricing. Strategic focus on liquidity and diversification aligns with industry trends towards rationalizing business models.

Fifth Third Bancorp (FITB) exceeds earnings forecast, strengthens key segments

Fifth Third Bancorp (FITB) delivered strong financial results, surpassing earnings expectations and demonstrating solid profitability metrics.
The bank's strategic investments in key growth areas like wealth management and commercial payments have fueled revenue growth and enhanced its capital position.
While navigating economic uncertainties, FITB remains focused on maintaining flexibility, managing risks, and exploring opportunities for sustained growth and shareholder value.

Fifth Third Bancorp beats earnings estimates, eyes revenue growth

FITB exceeded earnings expectations, maintained strong financial metrics, and focused on strategic investments.
While facing rising expenses and economic uncertainties, FITB aims for revenue growth and operational efficiency.
The bank's confidence in its competitive position and value proposition signals a positive outlook.
Continued focus on stability, profitability, and growth through strategic investments and digital capabilities.

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Fifth Third Bancorp is a bank holding company, which engages in the provision of diversified financial services. It operates through the following segments: Commercial Banking, Consumer and Small Business Banking, Wealth and Asset Management, and General Corporate and Other. The Commercial Banking segment offers credit intermediation, cash management, and financial services to large and middle-market businesses and government and professional customers. The Consumer and Small Business Banking segment provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators in addition to providing products designed to meet the specific needs of small businesses, including cash management services. The Wealth and Asset Management segment is involved in wealth management solutions for individuals, companies, and not-for-profit organizations including wealth planning, investment management, banking, insurance, trust, and estate services. The General Corporate and Other segment focuses on the unallocated portion of the investment securities portfolio, securities gains and losses, certain non-core deposit funding, unassigned equity, unallocated provision for credit losses or a benefit from the reduction of the allowance for credit losses, the payment of preferred stock dividends, and certain support activities. The company was founded on October 7, 1974 and is headquartered in Cincinnati, OH.

Fifth Third rebounded sharply after its 2023 crash. Its low-duration securities have recouped their unrealized losses, and the bank has maintained strong net interest margins. FITB's price-to-tangible book ratio is elevated at ~2.3X, signaling potential overvaluation. Commercial and industrial loan delinquencies are rising, which could threaten FITB's equity value, especially if economic conditions worsen in 2025.

Fifth Third: Watch For Commercial Credit Risk Metrics In Upcoming Report

Ally Financial

Bank of America

Citigroup

The financial sector had a strong year in 2024, with substantial returns for investors and significantly outperforming the broader market.

Truist Securities Starts 4 Top Dividend-Paying Financials With Buy Ratings

CINCINNATI--(BUSINESS WIRE)--Fifth Third Private Bank, a division of Fifth Third Bank (NASDAQ: FITB), was named as a Best Private Bank (US, Regional) for the sixth consecutive year. In addition, the Private Bank was named Best Private Bank for Entrepreneurs (Globally) for the second year. The honors were announced by Global Finance for the 2025 World's Best Private Bank Awards. “Achieving excellence in wealth management goes beyond financial expertise. It requires a deep understanding of client.

Fifth Third Private Bank Recognized as Best Private Bank by Global Finance for Sixth Consecutive Year

Fifth Third Bancorp (FITB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Fifth Third Bancorp (FITB) Beat Estimates Again in Its Next Earnings Report?

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.50%, effective immediately. The rate was last changed on November 7, 2024, when Fifth Third decreased its prime lending rate from 8.00% to 7.75%. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve l.

Fifth Third Bank to Decrease Prime Lending Rate to 7.50%

CINCINNATI--(BUSINESS WIRE)--Throughout the month of November, Fifth Third (NASDAQ: FITB) showed appreciation to small businesses across its 11-state footprint through a unique social media competition and tipping campaign, with employees celebrating their favorite local small businesses on social media for the opportunity to win one of five $5,300 grants. Fifth Third employees across the country participated in the campaign, entering more than 2,800 local small businesses nationally for recogn.

Fifth Third Awards More Than $25,000 in Small Business Grants

CINCINNATI--(BUSINESS WIRE)--This Week in Fintech announced its annual This Week in Fintech Awards at the 2024 Fintech Formal in New York. Newline™ by Fifth Third was awarded Most Innovative Financial Institution. Newline is an API-first platform to launch embedded payment and deposit solutions directly with Fifth Third Bank (NASDAQ: FITB). The This Week in Fintech Awards seek to recognize the best of the industry and showcase the most groundbreaking technologies, services and partnerships of 2.

Newline™ by Fifth Third Awarded Most Innovative Financial Institution by This Week in Fintech

CINCINNATI--(BUSINESS WIRE)--Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.37 per share for the fourth quarter of 2024. The dividend is payable on January 15, 2025 to shareholders of rec.

Fifth Third Bancorp Announces Cash Dividends

FITB plans to open more than 200 retail branches by 2028, particularly in Southeast markets.

Fifth Third Unveils Expansion Strategy to Open More Than 200 Branches

CINCINNATI--(BUSINESS WIRE)--Recently Fifth Third Bank (NASDAQ: FITB) unveiled plans to expand its retail branch footprint by opening more than 200 branches over the next four years, primarily in fast-growing Southeast markets. Speaking to investors at the BancAnalysts Association of Boston Conference on November 8, Chief Operating Officer Jamie Leonard detailed how Fifth Third has created the infrastructure – inclusive of digital and physical components – to create a differentiated customer ex.

Fifth Third's Branch Expansion Strategy Driven by Data, Digital Tools

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Goldman Sachs U.S. Financial Services Conference on December 11, 2024 at approximately 8:00 AM ET. Tim Spence, chairman, chief executive officer and president, and Bryan Preston, executive vice president and chief financial officer, will represent the Company. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations se.

Fifth Third Bancorp to Participate in the Goldman Sachs U.S. Financial Services Conference

CINCINNATI--(BUSINESS WIRE)--Fifth Third directors Laurent Desmangles and Linda W. Clement-Holmes have been named to Savoy Magazine's Most Influential Corporate Directors list.

Fifth Third's Laurent Desmangles, Linda W. Clement-Holmes Recognized as 2024 Most Influential Corporate Directors by Savoy Magazine

CLEVELAND--(BUSINESS WIRE)--Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Matt Nipper as Northern Ohio region president. Nipper succeeds Tom Partridge, who is serving as group regional president. As region president, Nipper is responsible for the growth and strategic alignment of the Bank's commercial, wealth & asset management and treasury management businesses throughout Northern Ohio. He joined Fifth Third in April as Cleveland market president. “I look forward to.

Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President

CINCINNATI--(BUSINESS WIRE)--Small businesses across Fifth Third's 11-state footprint will feel the love this holiday shopping season: from now until Dec. 1, Fifth Third employees can enter their favorite local small business in a sweepstakes to win one of five $5,300 microgrants. “At Fifth Third, we know that small, local businesses form the foundation of our communities – where we live, work, and play. And when they succeed, we succeed,” said Melissa Stevens, chief marketing officer for Fifth.

Fifth Third Kicks Off Second Annual ‘Swap, Snap, Share' Small Business Appreciation Campaign

CINCINNATI--(BUSINESS WIRE)--Extending its longstanding commitment to financial literacy, the Fifth Third Foundation is proud to support the development of a new tool that aims to make personal finance more accessible to young adults. Developed by and for students, REP4®FinLit will include a variety of digital tools to help young adults become more comfortable with their personal finances, including a quiz identifying a “Money Mindset” that provides insights about spending habits and relationsh.

Fifth Third Empowers Next Generation with Financial Literacy Solutions

CINCINNATI--(BUSINESS WIRE)--Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, is pleased to announce its newest team and office in Winton-Salem, North Carolina. The following advisors joined the organization having managed $1.8 billion in client assets at their previous firm: Jonathan Cochrane, Fifth Third Wealth Advisors, Managing Director Spencer Huggins, Fifth Third Wealth Advisors, Managing Director Shannon Shelton, Fifth Third Wealth Advisors, Relationsh.

Fifth Third Wealth Advisors® Adds Team, Office in Winston-Salem, North Carolina

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank continues its historic clean energy progress today by introducing hyper-fast electric vehicle (EV) chargers for the first time at one of its banking centers. Fifth Third is making six hyper-fast charging stations publicly available at its eTown location in Jacksonville, Florida to better serve current EV owners and those considering transitioning to an EV. Through a collaboration with Electrify America, the largest open Hyper-Fast charging network i.

Fifth Third Lights Up Hyper-Fast Electric Vehicle Chargers at Florida Branch

CINCINNATI--(BUSINESS WIRE)--At a London-based event, Fifth Third Private Bank, a division of Fifth Third Bank, was named the Best Private Bank in North America for Customer Service. The recognition was part of the 2024 Global Private Banking Awards. The Global Private Banking Awards is a joint project from the Financial Times' group publications dedicated to the global banking, wealth management and the financial services sector: The Banker and Professional Wealth Management. In its sixteenth.

Fifth Third Private Bank Named Global Private Banking Award Winner, Honored as Best for Customer Service

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.75%, effective immediately. The rate was last changed on September 18, 2024, when Fifth Third decreased its prime lending rate from 8.50% to 8.00%. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve.

Fifth Third Bank to Decrease Prime Lending Rate to 7.75%

CINCINNATI--(BUSINESS WIRE)--Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, is pleased to announce the expansion of its presence in Charlotte, North Carolina. The following advisor team has joined Fifth Third Wealth Advisors having managed $2 billion in client assets at their previous firm: Scott Bailey, Fifth Third Wealth Advisors, Managing Director Scott Cislo, Fifth Third Wealth Advisors, Managing Director Murray Kinlaw, Fifth Third Wealth Advisors, Mana.

Fifth Third Wealth Advisors ® Adds Team, Office in Charlotte, North Carolina

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp Announces Earnings Release Dates for 2026.

Fifth Third Bancorp Announces Earnings Release Dates for 2026

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp to Participate in the BancAnalysts Association of Boston Conference.

Fifth Third Bancorp to Participate in the BancAnalysts Association of Boston Conference

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank has partnered with Community Reinvestment Fund, USA (CRF) to launch the Small Business Catalyst Fund, a $7.85M investment that will empower small businesses across Fifth Third's 11-state footprint to grow and create jobs in their communities and build a more equitable small business ecosystem. "Small businesses form the foundation of our communities – and when they succeed, we all succeed,” said Kala Gibson, chief corporate responsibility officer fo.

Fifth Third Launches Small Business Catalyst Fund in Partnership with Community Reinvestment Fund, USA

CINCINNATI--(BUSINESS WIRE)--Fifth Third has been named to Forbes' Best for Customer Service 2025 list. This marks the second consecutive year Fifth Third's customer service efforts have been recognized by Forbes. “We put the customer in the center of everything we do, so providing our customers with the best possible experience is at our core,” said Jamie Leonard, Chief Operating Officer at Fifth Third. “No matter where our customers interact with us, whether it's at one of our branch location.

Fifth Third Named To Forbes' Best Customer Service List

Fifth Third Bancorp has gained over 75% in the past year but saw a 2% drop after mixed Q3 results. Despite stable deposits and improved net interest income, credit trends were slightly disappointing, with increased provisions for credit losses. FITB's capital position remains strong, with a CET1 ratio of 10.75% and ongoing share repurchases and dividends provide solid capital return yields.

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