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 Bank, National Association (Nasdaq: FITB) has been recognized by Ethisphere

Ethisphere Announces Fifth Third Bank as one of the 2021 World's Most Ethical Companies

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

Fifth Third Bancorp (FITB) Up 12.6% Since Last Earnings Report: Can It Continue?

CINCINNATI--(BUSINESS WIRE)--Kala Gibson, chief enterprise corporate social responsibility officer and head of Business Banking at Fifth Third Bank has joined the National Urban League's Board of Directors. Board members are responsible for determining the organization's mission and purpose, delivering transparent, strategic and collaborative trustee governance, providing counsel, advice and encouragement to staff and representing and advocating for the organization and its work in the communit

Fifth Third Executive Vice President Joins National Urban League Board of Directors

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association has received a score of 100 for the sixth consecutive year on the Human Rights Campaign Foundation's 2021 Corporate Equality Index, the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. “The HRC CEI honor confirms that we are moving in the right direction of cultivating a trusting environment where all ideas are welcome and where all employees are em

Fifth Third Bank Earns Top Marks in Human Rights Campaign's 2021 Corporate Equality Index

Most banks expect to release reserves this year, and Fifth Third has a huge buildup compared to the actual loan losses it expects to materialize.

Why Fifth Third's Earnings Could Be Better Than Expected in 2021

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association today announced the launch of the first-ever digital version of the Fifth Third Young Bankers Club®, its signature financial educational program for fifth-grade students. Young Bankers Club® is an engaging financial education program that helps students learn key math life skills online at any time. Lessons were developed to help students establish sound foundations in money management and an appreciation for saving. Traditiona

Fifth Third Bank Launches Digital Financial Literacy Program for Children

Fifth Third posted a respectable Q4 beat at the pre-provision line, but the bottom-line EPS beat was overwhelmingly driven by lower credit costs. Management's guidance for 2021 looks conservative, and a combination of "dry powder" earning low yields and healthy reserves could lead to better-than-expected loan and spread income growth down the line.

Fifth Third's Shares Are Back To Pre-Pandemic Levels, But There Could Still Be Upside

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank's Gibson has been recognized as a top black leader by the Cincinnati Chamber.

Kala Gibson Recognized as a Top Black Leader by the Cincinnati USA Regional Chamber

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Fifth Third Bancorp (FITB) CEO Greg Carmichael on Q4 2020 Results - Earnings Call Transcript

Fifth Third's (FITB) Q4 results reflect lower provisions and solid growth in deposit balances, partially offset by a decline in revenues.

Fifth Third (FITB) Q4 Earnings Top Estimates, Provisions Fall

Shares of Fifth Third Bancorp (NASDAQ:FITB) rose 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 29.41% year over year to $0.88, which beat the estimate of $0.69.

Fifth Third Bancorp: Q4 Earnings Insights

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (FITB): Key Highlights CET1 approx. 84 bps above target; positioned to initiate repurchases up to $180 million in 1Q21 Solid credit quality, with stable NCOs and declines in NPAs; reserve coverage reflects improved macroeconomic environment and credit results Completed divestitures of property & casualty insurance and 401(k) recordkeeping businesses as well as facility exits to help deliver $200 million of annual expense savings Closed acquis

Fifth Third Announces Fourth Quarter 2020 Results

Fifth Third's (FITB) Q4 earnings are expected to have been driven by prudent expense control, offset by lower revenues.

Low Rates, Muted Lending to Mar Fifth Third (FITB) Q4 Earnings

CINCINNATI--(BUSINESS WIRE)--Fifth Third (Nasdaq: FITB) today announced that it has achieved carbon neutrality for its operations in 2020, including greenhouse gas emissions from its facilities and business travel. This achievement was accomplished by directly reducing the Company's corporate carbon footprint, purchasing renewable power and utilizing carbon offsets from a project in its retail footprint for remaining emissions. “Becoming the first regional U.S.-based commercial bank to achieve

Fifth Third Achieves Carbon Neutrality

CINCINNATI--(BUSINESS WIRE)--Fifth Third Encourages Small Businesses to Apply for New Round of Paycheck Protection Program

Fifth Third Encourages Small Businesses to Apply for New Round of Paycheck Protection Program

Bank stocks are off to a hot start to 2021, and one U.S. regional bank — Fifth Third Bancorp (NASDAQ: FITB)  — got a big Wall Street upgrade on Thursday. The Fifth Third Analyst: Goldman Sachs analyst Ryan Nash upgraded Fifth Third Bancorp from Neutral to Buy and raised the price target from $29 to $35.

Goldman Sachs Bullish On Regional Banks, Upgrades Fifth Third Bancorp

Fifth Third's (FITB) latest acquisition of Hammond Hanlon will fortify its presence in the healthcare segment.

Fifth Third (FITB) Concludes Purchase of Hammond Hanlon

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) announced that Fifth Third Acquisition Holdings, LLC has closed on the acquisition of Hammond Hanlon Camp LLC (“H2C”). Founded in 2011, H2C is a premier strategic advisory and investment banking firm with an emphasis on healthcare organizations, including specialized expertise in the not-for-profit sector. Its core advisory services include mergers, acquisitions and divestitures, partnerships and strategic growth, capital markets a

Fifth Third Completes Acquisition of Hammond Hanlon Camp LLC

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CINCINNATI--(BUSINESS WIRE)--Eight private family foundations in The Foundation Office at Fifth Third Bank, National Association, have announced gifts of more than $6.6 million in 2020. Grants were awarded from these private family foundations 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 litera

Private Foundations in The Foundation Office at Fifth Third Bank Announce More Than $6.6 Million in 2020 Grants

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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, has announced the launch of the Greater Cincinnati COVID-19 Small Business Response and Recovery Initiative.

Fifth Third Bank Launches Collaborative Initiative to Assist Small Businesses Impacted by COVID-19

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association today announced a $2.8 billion commitment that will provide $2.2 billion in lending, $500 million in investments, $60 million in financial accessibility and $40 million in philanthropy as part of its Executive Diversity Leadership Council's Accelerating Racial Equality, Equity and Inclusion initiative. The initiative is part of the Bank's ongoing commitment to inclusion and diversity, which is focused on creating equitable outc

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