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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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)--For more than a century, Fifth Third Bank has managed private foundations, empowering individuals, families and institutions to realize their visions and leave a legacy for the greater good. It all started with Bank president, Jacob G. Schmidlapp. A pioneer, ahead of his time, he established the Jacob G. Schmidlapp Trust in 1903. Today, the Foundation Office at Fifth Third Bank works diligently to ensure these foundations fulfill their mission of giving back to wort.

Foundation Office at Fifth Third Bank: Grant Application Process Open from Oct. 1 – Nov. 22

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Regional US banks favored by analysts going into quarterly earnings

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation is proud to support the American Red Cross and local nonprofit organizations across the southeastern U.S. as they provide care, comfort and support to local communities affected by Hurricane Helene. A longtime supporter of the American Red Cross Disaster Responder Program, Fifth Third has contributed $350,000 to Red Cross Disaster Relief, including $100,000 specifically designated to provide aid in the Carolinas. Additionally, the Fifth Th.

Fifth Third Foundation Supports Communities Impacted by Hurricane Helene

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The first nine months of 2024 were exceptional for the S&P 500 Index. The index rallied 21.4% during the period.

S&P 500 Banks Outperform the Index YTD: 5 Stocks to Watch

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is pleased to announce a new structure within its Commercial Bank that builds upon the organization's successes and continues to position the firm for the future. Corporate & Investment Banking serves a variety of industries with a team of experienced bankers dedicated to providing solutions based on the Bank's industry-specific knowledge sectors. The new Corporate & Investment Banking structure empowers the bank to serve clients with a broa.

Fifth Third Announces Corporate & Investment Banking Structure

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Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have been the best Q4 performers over the last ten years. 2024 has been a strong year already for high-yielding stocks, and now they have Q4 seasonality as another tailwind.

Dividend Stocks With Strong Q4 Seasonality

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?

Fifth Third Bancorp (FITB) Could Be a Great Choice

CINCINNATI--(BUSINESS WIRE)--Fifth Third's inclusive employment practices have been recognized by the National Organization on Disability (NOD), which has named the company a 2024 Leading Disability Employer in advance of National Disability Employment Awareness Month in October. The award recognizes Fifth Third's disability inclusion efforts in areas including workforce strategy, talent outcome metrics and sourcing, climate & culture, people practices, and workplace tools & accessibili.

Fifth Third Named a 2024 Leading Disability Employer by the National Organization on Disability

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Next week features 13 dividend increases, including Illinois Tool Works (7.4%) and Federal Realty Investment Trust (0.9%), both Dividend Kings. My strategy focuses on buying, holding, and adding companies with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ. I use SCHD and RNP as benchmarks; if a stock can't outperform these, I prefer investing in the ETFs.

13 Upcoming Dividend Increases Including 2 Kings

CINCINNATI--(BUSINESS WIRE)--The Fifth Third New Markets Development Company has received a $50 million allocation in New Markets Tax Credits from the U.S. Department of the Treasury's Community Development Financial Institutions Fund. An affiliate of the Fifth Third Community Development Company, LLC (CDC), the Fifth Third New Markets Development Company is one of 104 community development entities across the U.S. to receive an award in the $5 billion Treasury fund allocation announced on Sept.

Fifth Third Receives $50M Federal New Markets Tax Credits Allocation

CINCINNATI--(BUSINESS WIRE)--Fifth Third has earned recognition by USA Today as among America's Climate Leaders 2024.

Fifth Third Ranked Among America's Climate Leaders 2024 by USA Today

CINCINNATI--(BUSINESS WIRE)--As part of its 2024 Big Bank Theory Awards, Tearsheet has named Newline™ by Fifth Third its Best New Embedded Finance Platform winner. The Big Bank Theory Awards by Tearsheet are the organization's premier awards program recognizing and celebrating innovation in banking and embedded finance. With its awards program, Tearsheet brings together industry leaders, innovative startups, and key incumbent players in the field to acknowledge the companies shaping the future.

Newline™ by Fifth Third Awarded Best New Embedded Finance Platform by Tearsheet

The Fed's recent rate cut and Fifth Third's strategic expansion efforts are likely to have driven the stock to its 52-week high. Rising costs remain a concern.

FITB Stock Hits 52-Week High on Fed Rate Cut: Is It Worth Retaining?

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 8.00%, effective immediately. The rate was last changed on July 26, 2023, when Fifth Third increased its prime lending rate from 8.25% to 8.50% 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 lives.

Fifth Third Bank to Decrease Prime Lending Rate to 8.00%

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The debt outlook for Fifth Third Bancorp, First Citizens Bancshares Inc., Regions Financial Corp. and Huntington Bancshares Inc. has been raised to stable from negative by Moody's on healthier balance sheets from the four big regional banks.

Moody's lifts outlook on four big regional banks to stable from negative

CINCINNATI--(BUSINESS WIRE)--Fifth Third Community Development Corp. President Susan E. Thomas Named Co-Chair of National Housing Crisis Task Force.

Fifth Third Community Development Corp. President Susan E. Thomas Named Co-Chair of National Housing Crisis Task Force

CINCINNATI--(BUSINESS WIRE)--Fifth Third is expanding access to its award-winning financial literacy educational programs for elementary, junior high and high school students.

Fifth Third Expands Free Digital Financial Education Programs for Students

FITB rewards investors with a 6% hike in quarterly dividends. It also has bright long-term prospects which make it a fundamentally strong pick.

Is Fifth Third Bancorp Stock Worth Watching Post a 6% Dividend Hike?

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 third quarter of 2024. The dividend is payable on October 15, 2024 to shareholders of reco.

Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 2 cents, or 6%, to $0.37 per Share

Fifth Third updates its third-quarter 2024 guidance while focusing on enhancing its commercial payment platform through strategic partnerships.

FITB Gives Q3 Update, Commercial Payment to Reach $1B in 5 Years

CINCINNATI--(BUSINESS WIRE)--Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, today announced surpassing $2B in assets under management (AUM) less than six months after announcing it had reached the $1B AUM mark. According to independent research*, Fifth Third Wealth Advisors now ranks among the top 500 independent RIAs in the US. “2024 has been a dynamic year for Fifth Third Wealth Advisors with strong growth in teams and assets under management,” said Eric.

Fifth Third Wealth Advisors® Moves Past $2 Billion in Assets Under Management

FITB's Newline and Trustly will augment innovation across the money movement landscape in the United States.

Fifth Third's Newline Partners With Trustly to Boost Payment Interface

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Here's the bad news: September is historically the S&P 500's worst month. The good news?

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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments platform, and Trustly, the global leader in Open Banking Payments. Working together, Trustly and Newline will drive innovation across the money movement landscape, including payments via the Automated Clearing House (ACH) and Real Time Payments (RTP) networks, and Trustly's pay-by-bank ecosystem. The first payment products on which the parti.

Trustly Selects Newline™ by Fifth Third to Drive Innovation in U.S. Payment Capabilities

CINCINNATI--(BUSINESS WIRE)--In 2017, Fifth Third set an ambitious goal to power the Bank's operations across its national footprint – including more than 1,000 retail locations and operational facilities across 11 states – with 100% renewable power. In late August 2019, Fifth Third achieved this goal with the opening of the Aulander Holloman solar facility in North Carolina. The project was made possible through a virtual power purchase agreement (VPPA), which guaranteed that Fifth Third would.

Fifth Third Celebrates Five Years of 100% Renewable Power

News for Fifth Third Bancorp Stock (FITB)