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 Q4 2023

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Earnings data Q2 2024

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

Fifth Third (FITB) to Buy Hammond Hanlon, Boost Healthcare Service

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) announced today that Fifth Third Acquisition Holdings, LLC., has agreed to acquire Hammond Hanlon Camp LLC (“H2C”), a premier strategic advisory and investment banking firm focused on hospitals, health systems, and related organizations. “As Fifth Third continues to seek opportunities to build upon the strength of its healthcare team, the addition of H2C further deepens the value we provide to the industry,” said Kevin Lavender, ex

Fifth Third Bancorp Builds Upon Healthcare Industry M&A and Investment Banking Capabilities with Acquisition of Hammond Hanlon Camp LLC

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will attend the 2020 Goldman Sachs U.S. Financial Services Conference on December 8, 2020 at approximately 12:00 PM ET. Greg D. Carmichael, chairman and chief executive officer, will present on behalf of the Company and will be joined by Tim Spence, president, and 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

Fifth Third Bancorp to Attend Goldman Sachs U.S. Financial Services Conference

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank Names Executive Vice President Kala Gibson Chief Enterprise Corporate Responsibility Officer & Head of Business Banking

Fifth Third Bank Names Executive Vice President Kala Gibson Chief Enterprise Corporate Responsibility Officer & Head of Business Banking

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Here's Why Fifth Third (FITB) Stock is Worth Betting On Now

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As of late, it has definitely been a great time to be an investor in Fifth Third Bancorp (FITB).

Fifth Third Bancorp's (FITB) Shares March Higher, Can It Continue?

Fifth Third Bancorp's Q3 GAAP EPS of $0.78 exceeded analysts' estimates by $0.19. Credit losses were well below previous expectations, with net charge-offs falling to 0.35% in Q2.

Fifth Third Bancorp Has Further Upside Potential

Fifth Third's stock has significantly underperformed the broader market so far in 2020. The bank reported Q3 2020 results that were actually well-received by the market, unlike most of the other banks that I follow.

Fifth Third: It's Really Not That Bad Out There

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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) is expected to report financial results and host conference calls to discuss results on the following dates: Fourth Quarter 2020 – Thursday, January 21, 2021 First Quarter 2021 – Tuesday, April 20, 2021 Second Quarter 2021 – Thursday, July 22, 2021 Third Quarter 2021 – Tuesday, October 19, 2021 Financial results are expected to be available at approximately 6:30 AM ET, on each of those dates, with conference calls expected to begin

Fifth Third Bancorp Announces Upcoming Earnings Release Dates

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Moving Average Crossover Alert: Fifth Third Bancorp (FITB)

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced the appointment of Tim Spence as president. His promotion will support the Company's ongoing successful execution of its strategic initiatives and further strengthen its position as a leading regional bank. In his new role, effective immediately, Spence will oversee all business lines and regional banking, while continuing his leadership of the Bank's strategy. It was Spence's strength in strategy that first brought

Fifth Third Announces Appointment of Timothy N. Spence as President

Fifth Third Bancorp (FITB) CEO Greg Carmichael on Q3 2020 Results - Earnings Call Transcript

Fifth Third's (FITB) Q3 results reflect lower expenses and solid growth in deposit balances, partially offset by a decline in revenues.

Fifth Third (FITB) Q3 Earnings Beat Estimates, Costs Decline

Shares of Fifth Third Bancorp (NASDAQ:FITB) rose 0.8% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 13.33% year over year to $0.85, which beat the estimate of $0.60.

Recap: Fifth Third Bancorp Q3 Earnings

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (FITB): Key Highlights Very strong reported and adjusted return metrics, reflecting strong operating results Credit losses well below previous expectations with a NCO ratio of 0.35%, the lowest level since 2Q19 PPNR(a) exceeded previous guidance, led by strong fees and better-than-expected NII performance (interest-bearing core deposit costs down 14 bps, more than previous guidance) 3Q20 NIM was negatively impacted ~48 bps due to excess liquidity

Fifth Third Announces Third Quarter 2020 Results

Fifth Third's (FITB) Q3 earnings are expected to have been driven by prudent expense control, offset by low rates.

Will Fee Income Support Fifth Third's (FITB) Q3 Earnings?

CINCINNATI & CLEVELAND--(BUSINESS WIRE)--Fifth Third Bank, National Association, announced today its second equity investment in Bellwether Enterprise Real Estate Capital, LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (ECI). In addition, Lars Anderson, executive vice president and vice chairman of Commercial Banking Strategic Growth Initiatives for Fifth Third, has been appointed to Bellwether Enterprise's Board o

Fifth Third Bank Strengthens Relationship with Bellwether Enterprise

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, has been named to the fourth annual Diversity Best Practices (DBP) Inclusion Index. The index helps organizations understand trends and gaps in demographic representation, creates a road map to drive internal change, and identifies diversity, equity and inclusion solutions to close the gaps. This is Fifth Third's fourth time appearing on the index. “Inclusion and diversity are integral to the culture at Fifth Third and we are

Fifth Third Bank Named to the Diversity Best Practices Inclusion Index

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News for Fifth Third Bancorp Stock (FITB)