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 Q2 2023

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Earnings data Q1 2024

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.

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Fifth Third's (FITB) recent dividend hike vouches for the company's operational strength and commitment toward rewarding its shareholders handsomely.

Fifth Third (FITB) Cheers Investors With 11% Dividend Hike

CINCINNATI--(BUSINESS WIRE)--Today Fifth Third Bancorp announced the declaration of cash dividends on its common 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 $0.30 per share for the third quarter of 2021. The dividend is payable on October 15, 2021 to shareholders of record as of September 30, 2021

Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 3 cents, or approximately 11%, to $0.30 per Share

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Ohio-based Fifth Third Private Bank on Thursday (Aug. 19) announced the creation of the Business Transition Advisory team, a group aimed at readying business owners for the financial and personal responsibilities associated with a business transition, merger, acquisition or initial public offering. Frieda Rakhman, who joined the bank in January, will lead the team.

Fifth Third Private Bank Debuts Business Transition Advisory Team

CINCINNATI--(BUSINESS WIRE)--Fifth Third Private Bank Introduces Business Advisory Team

Fifth Third Private Bank Introduces Business Transition Advisory Team

Fifth Third had a good second quarter, with a strong core pre-provision beat driven by better than expected spread income performance as well as positive operating leverage. Organic loan growth is still weak but commercial demand is picking up, and Fifth Third has been positioning the balance sheet to leverage higher rates.

Fifth Third Ready To Flip The Switch On Growth, When The Yield Curve Cooperates

Fifth Third's (FITB) acquisition of Provide underlines its continued digital innovation efforts and focus on the healthcare sector.

Fifth Third (FITB) Winds Up Buyout of Fintech Company Provide

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB) today announced it has closed on the acquisition of Provide, a digital platform for healthcare practices.

Fifth Third Completes Acquisition of Provide, a Fintech Company Serving Healthcare Practices Nationally

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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank and the National Urban League today announced a new workforce development program that will provide career advancement opportunities.

CORRECTING and REPLACING Fifth Third Foundation Invests $1 Million into National Urban League Workforce Development Program

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank's Financial Empowerment Mobile, or eBus, returns to the road to deliver financial access and capability services to the community.

Fifth Third Bank eBus Returns to the Road

The bank has significant excess capital it plans to burn through over the next year, as well as a conservative allowance for credit losses.

Excess Capital and Reserves Should Boost Earnings at Fifth Third

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Bank Stock Roundup: KEY, CMA, FITB, COF & OZK in Focus on Q2 Earnings Beat

Fifth Third Bancorp (FITB) CEO Greg Carmichael on Q2 2021 Results - Earnings Call Transcript

Fifth Third (FITB) Q2 earnings top estimates on higher revenues, benefits from credit losses and a robust capital position.

Fifth Third (FITB) Q2 Earnings Beat Estimates, Costs Escalate

Fifth Third Bancorp (FITB) delivered earnings and revenue surprises of 13.25% and 0.22%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Fifth Third Bancorp (FITB) Surpasses Q2 Earnings and Revenue Estimates

Shares of Fifth Third Bancorp (NASDAQ:FITB) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 213.33% year over year to $0.94, which beat the estimate of $0.80.

Recap: Fifth Third Bancorp Q2 Earnings

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ ®: FITB): Key Highlights Select Business Highlights: Launched Fifth Third Momentum Banking across footprint - a fintech banking solution with Early Pay, Extra Time, smart savings, and other features with no monthly fee Announced acquisition of Provide, a leading fintech company serving healthcare practices (expect to close early August 2021) Generated consumer household growth of 4% vs. 2Q20 Published second annual ESG report on June 30th

Fifth Third Announces Second Quarter 2021 Results

Fifth Third Bancorp (NASDAQ:FITB) unveils its next round of earnings this Thursday, July 22. Get prepared with Benzinga's ultimate preview for Fifth Third Bancorp's Q2 earnings.

Preview: Fifth Third Bancorp's Earnings

While expanded fee-based capacities are likely to have aided Fifth Third's (FITB) Q2 earnings, muted loan growth and near-zero interest rates are expected to have hindered net interest income.

Can Fifth Third (FITB) Retain Its Beat Streak in Q2 Earnings?

News for Fifth Third Bancorp Stock (FITB)