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.

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Earnings data Q3 2024

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 Bancorp shares are up 44% since the regional banking crisis, near a 52-week high and my prior price target. Q1 showed margin improvement with stable deposits and strong credit quality. I am anticipating a NIM rise and flat deposit costs in the Q2 earnings report, while commentary around improved reserves will be important.

Fifth Third Bancorp Q2 Earnings Preview: NIM Improvement Likely Priced In (Rating Downgrade)

Decent growth in fee income, driven by lower mortgage rates and improved commercial and industrial loan demand, is likely to have aided Fifth Third's (FITB) Q2 performance.

Fee Income to Support Fifth Third's (FITB) Earnings in Q2

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?

Fifth Third Bancorp (FITB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fifth Third Bancorp (FITB) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Bank Financial Empowerment Mobile has so far served more than 1,000 people across the Midwest during its first 60 days.

Fifth Third Bank Financial Empowerment Mobile Serves More Than 1,000 Residents in First 60 Days

CINCINNATI--(BUSINESS WIRE)--Since its founding in 1948, the Fifth Third Foundation has made education programs a key priority. In 2005, Fifth Third established its Scholarship Program to award one-time, $2,500 scholarships annually to children of Fifth Third employees for study at a college or university. This year's scholarships total $62,500. More than 450 students have merited scholarships since 2005. Chosen and administered by the National Merit Scholarship Corp., the Fifth Third Scholarsh.

Students Earn Fifth Third Education Scholarships from the Fifth Third Foundation

CINCINNATI--(BUSINESS WIRE)--Fifth Third today announced the second cohort of its Empowering Community Leaders career development growth program.

Fifth Third Announces Second Empowering Community Leaders Cohort

CINCINNATI--(BUSINESS WIRE)--Fifth Third is entering the Alabama market and today announced the opening of a commercial banking office in Birmingham. The office is an expansion of its Fifth Third's operations in Georgia. The new office currently has commercial and treasury management capabilities and will expand to include a Fifth Third Private Bank office. Fifth Third's strategic expansion in the Southeast, now in its seventh year, originally focused on Tennessee, Georgia, the Carolinas and Fl.

Fifth Third Expands into Alabama, Opens Birmingham-based Commercial Banking Office

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation today announced a three-year, $300,000 grant to the Women's Business Enterprise National Council (WBENC) LIFT Financial Center of Excellence, which provides women business owners with comprehensive financial support and resources, including education, coaching, networking and funding opportunities. “Fifth Third has a long-standing commitment to advancing inclusion for small businesses and improving the well-being of our communities. We bel.

Fifth Third Foundation Awards $300,000 to WBENC LIFT Financial Center of Excellence

CINCINNATI--(BUSINESS WIRE)--Fifth Third marks 150 ENERGY STAR-rated buildings, a major milestone in the bank's commitment to reduce energy usage across its 11-state footprint.

Fifth Third Earns 150th EPA ENERGY STAR Certification for Superior Energy Efficiency

Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices.

Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices

CFTC requires bank to pay back 35,000 ‘harmed' customers including 1,000 wrongful car repossessions.

Fifth Third pays $20 million to resolve fake account and wrongful auto repossession charges

CINCINNATI--(BUSINESS WIRE)--Fifth Third has been recognized by DiversityComm Magazine as a 2024 Top Diverse Employer for excellence in creating an inclusive work environment.

DiversityComm Magazine Names Fifth Third as a 2024 Top Diverse Employer

Fifth Third Bancorp will pay $20 million in civil fines and offer redress to 35,000 harmed consumers to settle U.S. Consumer Financial Protection Bureau charges it opened unauthorized accounts and illegally repossessed their cars.

Fifth Third is fined by US CFPB over fake bank accounts, auto repossessions

The top U.S. watchdog for consumer financial protection said Tuesday it would fine Ohio lender Fifth Third Bank $20 million for allegedly opening fake customer accounts and forcing auto insurance on consumers who already had coverage, among other allegations.

US watchdog to fine Fifth Third $20 mln over fake accounts and auto insurance

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank announced today it has reached a comprehensive settlement agreement with the Consumer Financial Protection Bureau (CFPB) to resolve both its litigation related to sales practices and an investigation into the Bank's auto finance servicing activities. Fifth Third has agreed to pay a $15 million fine for sales practices and a $5 million fine for auto finance servicing activities. This agreement requires Fifth Third to maintain existing policies and de.

Fifth Third Enters into Settlement Agreement with CFPB

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Fifth Third Bancorp (FITB) have what it takes?

Why Fifth Third Bancorp (FITB) is a Top Dividend Stock for Your Portfolio

CINCINNATI--(BUSINESS WIRE)--Fifth Third was named a Best Treasury and Cash Management Bank (US, Regional) by Global Finance magazine. The honors were announced by Global Finance as part of its 24th annual Best Treasury and Cash Management Banks awards for 2024. “Transformation in treasury and cash management is virtually non-stop. The business is ever evolving and changing. By listening to our clients, we've innovated to meet those needs and this award validates our vision of where the industr.

Global Finance Names Fifth Third Best Treasury and Cash Management Bank

CINCINNATI--(BUSINESS WIRE)--In pursuit of its goal to be the one bank people most value and trust, Fifth Third surpassed its commitments to the communities it serves and to the environment last year, according to its recently-published 2023 Sustainability Report. In 2023, Fifth Third outperformed its commitment to accelerating equity and inclusion, supporting communities with a history of disinvestment, and financing affordable housing. Fifth Third also made considerable progress toward its pr.

Fifth Third Surpasses Commitments to Communities, Environment in 2023

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With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday.

This is how much the largest 20 U.S. banks raised dividends after stress tests

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today released its preliminary stress capital buffer requirement resulting from the Federal Reserve Board's (“FRB”) annual bank stress test. Fifth Third's preliminary stress capital buffer under the FRB severely adverse scenario is 3.2%, effective October 1, 2024. Fifth Third's Common Equity Tier 1 (“CET1”) ratio at March 31, 2024 of 10.5% significantly exceeds the regulatory minimum of 4.5% plus the stress capital buffer, reflecti.

Fifth Third Bancorp Releases Stress Capital Buffer Requirement

This year, all 31 banks, including JPMorgan, Goldman, Morgan Stanley, Citigroup and Fifth Third Bancorp, have cleared the stress test. The payouts are likely to be conservative due to lingering headwinds.

Banks Clear 2024 Stress Test: Will Payouts be Bigger This Time?

CINCINNATI--(BUSINESS WIRE)--Fifth Third has been named a winner of a 2024 CSO Award from Foundry's CSO. This honor is given to a select group of organizations that have implemented security projects and initiatives demonstrating outstanding business value and thought leadership. “This award exemplifies how we are approaching security to enable business transformation at scale,” said Lori Anello, chief information security officer at Fifth Third. “The CSO Award is extremely prestigious in the s.

Fifth Third Bank Receives 2024 CSO Award

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is pleased to announce it has been named one of the Nation's Best and Brightest in Wellness by the National Association for Business Resources (NABR). The companies who made this list prioritize employee health, well-being, and workplace culture. “We are committed to holistically supporting employees' overall well-being, including their health and financial wellness, based on their input,” said Nancy Pinckney, chief human resources officer. “We stri.

Fifth Third Named 2024 National Best and Brightest in Wellness Winner by National Association for Business Resources

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 $0.35 per share for the second quarter of 2024. The dividend is payable on July 15, 2024 to shareholders of recor.

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