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

Earnings data Q2 2021

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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.

CINCINNATI--( BUSINESS WIRE )--Fifth Third Bank (NASDAQ: FITB):

Fifth Third Reports Fourth Quarter 2022 Diluted Earnings Per Share of $1.01

Fifth Third Bancorp (NASDAQ:FITB) is one of the many bank giants reporting earnings this week.

Fifth Third Stock Slipping Ahead of Earnings

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Fifth Third Bancorp (FITB) doesn't possess 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) Earnings Expected to Grow: Should You Buy?

CINCINNATI--( BUSINESS WIRE )--Nine private family foundations in The Foundation Office at Fifth Third Bank, National Association, announced grants totaling more than $6.5 million in 2022. Grants were awarded to organizations that focus on education, arts and culture, civic and community programs, health and human services, and community reinvestment activities that benefit low- to moderate-income earners, small businesses, affordable housing, financial literacy and workforce development efforts.

Private Foundations in The Foundation Office at Fifth Third Bank Announce More Than $6.5 Million in 2022 Grants

CINCINNATI--( BUSINESS WIRE )--JUST Capital, along with media partner CNBC, today released the 2023 Rankings of America's Most JUST Companies, including the marquee JUST 100. The rankings are the only comprehensive evaluation of how the nation's largest corporations perform on the issues that matter most to Americans today, including creating jobs in the U.S., paying a fair living wage, acting with integrity at the leadership level, supporting workforce retention and training, protecting worker health and safety, providing benefits and work-life balance, protecting customer privacy, minimizing pollution and more.

Fifth Third Bank Named to Top 25 of America's Most JUST Companies by JUST Capital and CNBC

CINCINNATI--( BUSINESS WIRE )--Fifth Third Bank, National Association, today announced the opening of its fifth commercial banking office in California with a new location in San Diego. Located in Carmel Valley, the office covers San Diego County and is staffed by a locally based team with a longstanding history in the region.

Fifth Third Bank Opens San Diego Commercial Banking Office

CINCINNATI--( BUSINESS WIRE )--To ensure its customers have access to their own money as soon as possible, Fifth Third Bank, National Association, today announced that it will have the ability to provide customers with their federal tax refund up to five days earlier. According to the IRS, 9 out of 10 consumers who file electronically and who choose to receive their refund by direct deposit get their money in less than 21 days. That means Fifth Third Momentum® Checking Customers can use Fifth Third's Early Pay1 to receive their tax refund in 16 or less days. This free feature will be available in late January.

Fifth Third Bank Announces Early Pay for Federal Tax Refunds, up to 5 Days Early

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Is the Options Market Predicting a Spike in Fifth Third Bancorp (FITB) Stock?

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CINCINNATI--( BUSINESS WIRE )--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.50%, effective immediately.

Fifth Third Bank to Increase Prime Lending Rate to 7.50%

CINCINNATI--( BUSINESS WIRE )--The rise of online and mobile banking and electronic financial transactions have made life easier for consumers. However, without proper security measures, they can put you at risk for fraud and scams. Here are a few easy actions you can take to protect yourself this holiday season and beyond.

Fifth Third offers tips on how to keep your money, credit and identity safe during the holiday shopping season

Fifth Third Bank has teamed with PrimeRevenue to offer working capital and trade payables solutions.  With this collaboration, the bank will use the working capital and B2B payment solutions provider's technology, data and support framework to support the bank's enterprise and mid-market commercial clients, the companies said in a Wednesday (Dec. 7) press release.

Fifth Third Bank and PrimeRevenue Team on Supply Chain Finance

CINCINNATI--( BUSINESS WIRE )--Fifth Third Bank, National Association, has rolled out a new mobile banking app, its inaugural cloud-first application, which is designed to give customers an entirely new user experience with the features they most value.

Fifth Third Bank Launches Redesigned, Enhanced Mobile App

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, is complementing its flagship 1.67% Cash/Back Card with the launch of a new lend-centric credit card that enhances and expands its Cash/Back lineup.

Fifth Third Bank Expands Cash/Back Credit Card Suite

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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced the launch of an independent Registered Investment Advisor, Fifth Third Wealth Advisors.

Fifth Third Bank Launches Fifth Third Wealth Advisors®

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.00%, effective immediately.

Fifth Third Bank to Increase Prime Lending Rate to 7.00%

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 BancAnalysts Association of Boston Conference on November 4, 2022 at approximately 11:20 AM ET.

Fifth Third Bancorp to Attend BancAnalysts Association of Boston Conference

Fifth Third Bancorp. (NASDAQ:FITB ) Q3 2022 Earnings Conference Call October 20, 2022 9:00 AM ET Company Participants Chris Doll - Director-Investor Relations Tim Spence - President and Chief Executive Officer​ Jamie Leonard - Chief Financial Officer Bryan Preston - Treasurer Richard Stein - Chief Credit Officer Conference Call Participants Robert Siefers - Piper Sandler John Pancari - Evercore Michael Mayo - Wells Fargo Betsy Graseck - Morgan Stanley Kenneth Usdin - Jefferies Erika Najarian - UBS Matthew O'Connor - Deutsche Bank Gerard Cassidy - RBC Bill Carcache - Wolfe Research Operator Good morning.

Fifth Third Bancorp (FITB) Q3 2022 - Earnings Call Transcript

Fifth Third's (FITB) Q3 earnings hurt by a significant fall in the fee income and higher provision for credit losses. A decline in deposits and deteriorating credit metrics have been other concerns.

Fifth Third (FITB) Q3 Earnings & Revenues Miss Estimates

Fifth Third Bancorp (FITB) delivered earnings and revenue surprises of -5.10% and 0.93%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Fifth Third Bancorp (FITB) Q3 Earnings and Revenues Miss Estimates

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Highlights Select Business Highlights: Generated consumer household growth of 3% compared to 3Q21 Increased quarterly cash dividend on common shares 3 cents, or 10% Private Bank recognized as Best Private Bank for High Net Worth Clients by Digital Banker and Global Private Banker Surpassed 1 million Momentum banking accounts Select Financial Highlights: ROTCE(a) of 21.9%; adjusted ROTCE(a) of 17.7% excl.

Fifth Third Announces Third Quarter 2022 Results

News for Fifth Third Bancorp Stock (FITB)