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.

CINCINNATI--(BUSINESS WIRE)--Fifth Third announces $100 billion environmental and social finance target and publishes 2021 Environmental, Social and Governance Report.

Fifth Third Sets $100 Billion Environmental and Social Finance Target through 2030

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank's “Feeding Our Communities” initiative, held each year in May, this year provided more than 8.4 million meals to fight hunger across its footprint. The total far exceeded the 5.3 million-meals goal the company set for its 2022 effort. The meals were provided as part of company donations, nearly 250 volunteer activities where employees volunteered more than 5,100 hours of service, and shield of recognition sales. The activities kicked off on the bank

Fifth Third Bank Employees, Customers Provide More Than 8.4 Million Meals for Those in Need

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today released its indicative stress capital buffer requirement resulting from the Federal Reserve Board's (“FRB”) 2022 Comprehensive Capital Analysis and Review results incorporating the FRB's supervisory severely adverse scenario published in February 2022. Fifth Third's indicative stress capital buffer under this scenario remains at the minimum level of 2.5%, effective October 1, 2022. Fifth Third's Common Equity Tier 1 (CET1) r

Fifth Third Releases Stress Capital Buffer Requirement

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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 4.75%, effective immediately. The rate was last changed on May 4, 2022, when Fifth Third increased its prime lending rate from 3.50% to 4.00%. About Fifth Third Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. A

Fifth Third Bank to Increase Prime Lending Rate to 4.75%

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, is committed to improving and strengthening communities. To support affordable housing options, Fifth Third has announced it will pay $1,000 toward closing costs for VA, FHA, 203K and USDA Owner Occupied Purchase and REFI loans. This will lower the amount of cash needed for close and can be combined with other down payment assistance programs. This program is available until Nov. 15 across Fifth Third's customer footprint. “Th

New Fifth Third Mortgage Program offers $1,000 toward closing costs for VA, FHA, 203K, USDA mortgages

Fifth Third's asset sensitive balance sheet attractively positions the bank to benefit from rising interest rates. Net interest income is expected to be 13-14% higher in 2022.

Fifth Third Bancorp: Attractively Positioned For Rising Rates

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Fifth Third Bancorp (FITB) reported earnings 30 days ago. What's next for the stock?

Why Is Fifth Third Bancorp (FITB) Down 11.4% Since Last Earnings Report?

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, is focused on making sure its customers have fast access to their money, regardless of how they get paid. Today, the Bank announced it has expanded its Early Pay®1 to include income received from gig work as well as some forms of government and retirement benefits, allowing customers access to their paychecks up to two days early. “We want to make sure all of our customers have fast access to their liquidity, regardless of whe

Fifth Third Bank Expands Early Pay to Gig Workers and Beyond

Fifth Third (FITB) acquires Dividend Finance, a leading fintech point-of-sale lender, to enhance its digital service capabilities and renewable energy portfolio.

Fifth Third (FITB) Closes Its Acquisition of Dividend Finance

Regional bank and financial services company Fifth Third Bancorp (NASDAQ: FITB) stock has been plunging with the benchmark indices.

Fifth Third Bancorp Stock Bestows Opportunity

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB) today announced it has closed on the acquisition of Dividend Finance, a leading fintech point-of-sale (POS) lender, providing financing solutions for residential renewable energy and sustainability-focused home improvement. “The addition of Dividend Finance enhances the scale of our digital service capabilities through its tech-forward platform, provides customers and contractors with a best-in-class experience, and accelerates cus

Fifth Third Completes Acquisition of Dividend Finance, Leading Lender in High Growth Solar, Sustainable Solutions

CINCINNATI--(BUSINESS WIRE)--Fifth Third Sets New Operational Sustainability Targets by 2030 and Establishes Sustainability Office

Fifth Third Sets New Operational Sustainability Targets by 2030

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 4.00%, effective immediately. The rate was last changed on March 16, 2022, when Fifth Third increased its prime lending rate from 3.25% to 3.50%. About Fifth Third Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution

Fifth Third Bank to Increase Prime Lending Rate to 4.00%

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 Barclays Americas Select Franchise Conference on May 10, 2022, at approximately 5:00 AM ET. Tim Spence, president, will present on behalf of the Company and will be joined by Jamie Leonard, executive vice president and chief financial officer. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations section of www.53.c

Fifth Third Bancorp to Participate in the Barclays Americas Select Franchise Conference

CINCINNATI--(BUSINESS WIRE)--More than 19,000 employees at Fifth Third Bank will celebrate Fifth Third Day by helping to provide 5.3 million meals in May to people facing hunger.

Fifth Third Aims to Help Provide 5.3 Million Meals to Fight Hunger Across Bank's Footprint

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, has been named to the Forbes list of Best Employers for Diversity 2022. This is the Bank's third year being recognized with the honor presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. “Inclusion and diversity are essential to serving our customers, delivering strong financial performance, and building an engaging workplace, a diverse supplier base and vibrant communities,

Fifth Third Bank Named to Forbes Best Employers for Diversity 2022

As a growing number of businesses are drawn to the simplicity of an end-to-end bill pay experience, Fifth Third Bank's Laura Listwan tells PYMNTS how APIs and other tech are not only being used to accommodate a range of diverse bill payment methods, but are also capturing business clients' attention and loyalty.

Fifth Third Bank on How FIS Can Tap APIs to Offer Holistic, Digital-First B2B Bill Payments

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank Welcomes Back Art Weston

Fifth Third Bank Welcomes Back Art Weston

FITB vs. CMA: Which Stock Is the Better Value Option?

Fifth Third Bancorp (NASDAQ:FITB ) Q1 2022 Earnings Conference Call April 19, 2022 10:00 AM ET Company Participants Chris Doll - Director, IR Greg Carmichael - CEO Timothy Spence - President James Leonard - CFO Richard Stein - Chief Credit Officer Conference Call Participants Scott Siefers - Piper Sandler Erika Najarian - UBS Mike Mayo - Wells Fargo Securities Betsy Graseck - Morgan Stanley Ken Usdin - Jefferies Ebrahim Poonawala - Bank of America Securities Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC John Pancari - Evercore Terry McEvoy - Stephens Christopher Marinac - Janney Montgomery Scott Operator 00:04 Good morning. My name is Emma, and I will be your conference operator today.

Fifth Third Bancorp (FITB) CEO Greg Carmichael on Q1 2022 Results - Earnings Call Transcript

Fifth Third's (FITB) Q1 results reflect a revenue decline primarily due to a fall in the fee income. Margin contraction and capital position deterioration act as spoilsports.

Fifth Third (FITB) Q1 Earnings & Revenues Miss Estimates

Fifth Third Bancorp (FITB) delivered earnings and revenue surprises of -1.43% and 2.49%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Fifth Third Bancorp Stock (FITB)