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.

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A Fifth Third Bancorp board member spent more than a million dollars to buy the Cincinnati-based banking services company's shares on the cheap, but then they got even cheaper as concerns over the banking sector's health kept growing.

Fifth Third board member bought $1.3 million worth of stock after it tumbled

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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank was named among Ethisphere's 2023 World's Most Ethical Companies for the fourth time.

Ethisphere Announces Fifth Third Bank as one of the 2023 World's Most Ethical Companies® for the Fourth Time

Fifth Third's (FITB) acquisition of Big Data Healthcare will add national healthcare revenue cycle capabilities, thereby advancing its digital payments and managed services offerings.

Fifth Third (FITB) Eyes Acquisition of Big Data Healthcare

Fifth Third Bank is expanding its health sector focus by purchasing Big Data Healthcare. The bank announced the deal with the Wisconsin-based healthcare payment and remittance firm Tuesday (Mar. 7), saying it gives Fifth Third national healthcare revenue cycle capabilities.

Fifth Third Increases Healthcare Focus With Big Data Purchase

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB) today announced a definitive agreement to acquire Big Data Healthcare, a technology solutions provider for healthcare payments and remittance. This transaction adds national healthcare revenue cycle capabilities, addressing the complex and complicated needs of clients, while building on Fifth Third's legacy of digital innovation and focus on the healthcare sector.

Fifth Third Announces Acquisition of Big Data Healthcare, a Payments Company Serving National Health Systems, Physicians

The large regional bank delivered solid fourth-quarter earnings results and 2023 guidance.

Fifth Third Bancorp Has Been a Solid Performer. It Deserves More Credit

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank Receives “Outstanding” CRA Rating Across All Categories of Lending, Investment and Service Rated by the OCC.

Fifth Third Bank Receives “Outstanding” CRA Rating Across All Categories of Lending, Investment and Service Rated by the OCC

CINCINNATI--( BUSINESS WIRE )--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.75%, effective immediately.

Fifth Third Bank to Increase Prime Lending Rate to 7.75%

CINCINNATI--( BUSINESS WIRE )--Fifth Third Bancorp (Nasdaq: FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the “Bank”), successor-in-interest to MB Financial Bank, National Association (“MB”), has submitted a redemption notice to the paying agent for redemption of all of the outstanding MB fixed-to-floating rate subordinated notes due December 1, 2027 (CUSIP 55266C XM3) issued in the principal amount of $175 million. The notes will be redeemed on March 1, 2023 pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

Fifth Third Bank Announces Redemption of MB Financial Bank Subordinated Notes due December 1, 2027

Fifth Third has been a laggard for the past year, despite growth and quality performance that's not so markedly different than its peer group. The Street may be overly concerned about the impact of Dividend Finance, as this consumer renewable energy lender is presently accounting for a lot of loan growth and credit reserves.

Fifth Third's Significant Underperformance Strikes Me As Odd

CINCINNATI--( BUSINESS WIRE )--Whether it is groceries, gas, paying rent or buying a car, inflation has affected the cost of everyday needs. Finding ways to stretch your income is critical during periods of high inflation to avoid getting into debt or having to dip into savings to make ends meet. Fifth Third recognizes that customers have less purchasing power right now and offers the following tips, products and services to assist with budgeting during inflation.

Fifth Third Bank provides tips on how to budget during inflation

Fifth Third Bancorp (NASDAQ:FITB ) Q4 2022 Earnings Conference Call January 19, 2023 9:00 AM ET Company Participants Chris Doll - Director-Investor Relations Timothy Spence - President and Chief Executive Officer James Leonard - Executive Vice President and Chief Financial Officer Bryan Preston - Treasurer Richard Stein - Executive Vice President and Chief Credit Officer Conference Call Participants Gerard Cassidy - RBC Michael Mayo - Wells Fargo Scott Siefers - Piper Sandler Manan Gosalia - Morgan Stanley Ebrahim Poonawala - Bank of America John Pancari - Evercore Matthew O'Connor - Deutsche Bank Operator Good morning. My name is Rob and I will be your conference operator today.

Fifth Third Bancorp (FITB) Q4 2022 Earnings Call Transcript

Fifth Third's (FITB) Q4 earnings beat estimates on higher NII and improved average loans and lease balances. However, a fall in the fee income and higher provision for credit losses act as headwinds.

Fifth Third (FITB) Q4 Earnings Top, Revenues Up on Higher NII

Fifth Third Bancorp (FITB) delivered earnings and revenue surprises of 5.05% and 1.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Fifth Third Bancorp (FITB) Tops Q4 Earnings Estimates

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.

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