Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of March 31, 2021, the Company had $207 billion in assets and operates 1,098 full-service Banking Centers, and 2,383 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2021, had $464 billion in assets under care, of which it managed $58 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® Global Select Market under the symbol ÂFITBÂ.
IPO Year:
Exchange: NASDAQ
Website: 53.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/21/2025 | $47.00 | Buy | Jefferies |
| 5/15/2025 | $52.00 | Buy | TD Cowen |
| 4/7/2025 | $47.00 | Neutral → Outperform | Robert W. Baird |
| 5/31/2024 | $43.00 | Peer Perform → Outperform | Wolfe Research |
| 5/1/2024 | $37.50 → $39.50 | Neutral → Overweight | JP Morgan |
| 4/1/2024 | $32.00 | Outperform → Neutral | Robert W. Baird |
| 3/19/2024 | $41.00 | Overweight → Equal-Weight | Stephens |
| 1/9/2024 | $33.00 → $37.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 8/24/2023 | Mkt Perform | Raymond James | |
| 4/6/2023 | $38.00 → $34.00 | Mkt Perform → Outperform | Keefe Bruyette |
Fifth Third Bancorp (NASDAQ:FITB) and Eldridge today announced a strategic partnership to offer private credit arrangements to Commercial Bank clients. This program is built to enhance the ability for both parties to meet emerging and evolving needs and provide reliable private credit solutions to clients. "This marks a significant moment in providing a private credit solution for our clients," said Kevin Khanna, head of Commercial Banking. "By uniting complementary strengths and deepening our relationship, we are positioned to unlock new opportunities and enhance our collective value proposition. Most importantly both Fifth Third and Eldridge can deliver flexible, forward-looking financi
Bank recognized for the second consecutive year Fifth Third (NASDAQ:FITB) was again named Best Treasury and Cash Management Bank (US, Regional) by Global Finance magazine for 2025. This makes Fifth Third a two-time honoree in the Midwest region, and this year, Fifth Third was also recognized in the Southeast region. The award was announced by Global Finance as part of its 25th annual Best Treasury and Cash Management Banks Award program. "Receiving the award for Best Treasury and Cash Management Bank two years in a row is an honor, but it's not just about the recognition—it's about the confidence our clients have in us and the progress we're making together," said Bridgit Chayt, head of
Fifth Third (NASDAQ:FITB) announced today that it has been recognized by Euromoney's Awards for Excellence as the "U.S. Best Super-Regional Bank" for the second consecutive year. The Euromoney Awards for Excellence program evaluates bank performance from Jan. 1-Dec. 31, 2024, and recognizes banks that bring the highest level of service, innovation and solutions to their customers. "Earning this award for the second consecutive year reflects Fifth Third's disciplined execution and commitment to delivering consistent, high-quality performance in a dynamic environment," said Bryan Preston, chief financial officer at Fifth Third Bank. "The financial strength created by our diversified busin
Accelerating revenue growth led by continued loan growth and net interest margin expansion Reported results included a negative $0.02 impact from certain items on page 2 Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 2Q25 1Q25 2Q24 Stability: Net charg
Fifth Third also named among the Best Places to Work for Disability Inclusion For the fifth consecutive year, Fifth Third (NASDAQ:FITB) has received a top score of 100 on The Disability Index®, the leading independent, third-party resource for the annual benchmarking of corporate disability inclusion policies and programs. Fifth Third has also been named among the index's Best Places to Work for Disability Inclusion. "At Fifth Third, we are committed to creating an environment where an opportunity to thrive is available to all," said Nancy Pinckney, chief human resources officer for Fifth Third. "We are delighted that these efforts have once again been recognized by Disability:IN and th
Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, announced it has surpassed $3 billion in net new assets under management, as of June 30, marking another major milestone in the firm's growth. This achievement underscores strong momentum and growing demand from both advisors and clients. According to independent research* Fifth Third Wealth Advisors ranks among the top 500 independent RIAs in the US. "Our growth reflects the trust our clients place in us and the strength of the advisor teams we continue to attract," said Eric Housman, president of Fifth Third Wealth Advisors. "We are building a platform that empowers advisors with the independence, fle
Bank strengthens leadership team with key internal promotions, appoints new chief legal officer Fifth Third Bancorp (NASDAQ:FITB) today announced several executive leadership changes, reflecting the Bank's continued focus on growth, innovation and talent development. Susan Zaunbrecher, who has led Fifth Third's Legal, Government Affairs and Regulatory Affairs departments and the Office of the Corporate Secretary since 2018, will retire. Christian Gonzalez will join Fifth Third as executive vice president, chief legal officer, to succeed her, effective July 7. Gonzalez will join Fifth Third's Enterprise management team, the Bank's senior-most governing body. Gonzalez brings extensive e
Today, Fifth Third Bancorp announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2019 under which 11.8 million shares remain. The new repurchase authorization does not have an expiration date, does not include specific price targets, may be executed through open market purchases or one or more private negotiated transactions, including Rule 10b5-1 programs, and may be suspended at any time. All future capital distributions are subject to evaluation of Fifth Third's performance, the state of the economic environment, market conditions, regulatory factors, and other risks and uncertaint
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 second quarter of 2025. The dividend is payable on July 15, 2025 to shareholders of record as of June 30, 2025. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-recommended LIBOR-S
For the second consecutive year, Fifth Third (NASDAQ:FITB) has been named among the Nation's Best and Brightest in Wellness by the National Association for Business Resources (NABR). This award recognizes companies that have demonstrated exceptional commitment to promoting employee wellness and creating a healthy working environment. "This award highlights Fifth Third's dedication to fostering a workplace culture that prioritizes wellness through support, education and encouragement – helping employees lead happier, healthier lives," said Nancy Pinckney, chief human resources officer at Fifth Third. "Our innovative wellness programs are designed to help support employees holistically, inc
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Jefferies initiated coverage of Fifth Third with a rating of Buy and set a new price target of $47.00
TD Cowen initiated coverage of Fifth Third with a rating of Buy and set a new price target of $52.00
Robert W. Baird upgraded Fifth Third from Neutral to Outperform and set a new price target of $47.00
Wolfe Research upgraded Fifth Third from Peer Perform to Outperform and set a new price target of $43.00
JP Morgan upgraded Fifth Third from Neutral to Overweight and set a new price target of $39.50 from $37.50 previously
Robert W. Baird downgraded Fifth Third from Outperform to Neutral and set a new price target of $32.00
Stephens downgraded Fifth Third from Overweight to Equal-Weight and set a new price target of $41.00
Keefe Bruyette downgraded Fifth Third from Outperform to Mkt Perform and set a new price target of $37.00 from $33.00 previously
Raymond James initiated coverage of Fifth Third with a rating of Mkt Perform
Keefe Bruyette upgraded Fifth Third from Mkt Perform to Outperform and set a new price target of $34.00 from $38.00 previously
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Accelerating revenue growth led by continued loan growth and net interest margin expansion Reported results included a negative $0.02 impact from certain items on page 2 Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 2Q25 1Q25 2Q24 Stability: Net charg
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 second quarter of 2025. The dividend is payable on July 15, 2025 to shareholders of record as of June 30, 2025. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-recommended LIBOR-S
Loan growth, net interest margin expansion, and expense discipline leads to positive operating leverage Reported results included a negative $0.02 impact from certain items on page 2 Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items Stability: Resilient balance sheet delivered stable NII sequentially and 4% growth compared to 1Q24, attributed to loan growth, deposit rate management, and fixed-rate asset repricing Net charge-off ratio remained stable sequentially Profitability: Continued expense discipline: Expenses down 3% compared to 1Q24, and stable
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 first quarter of 2025. The dividend is payable on April 15, 2025 to shareholders of record as of March 31, 2025. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-recommended LIBOR-SOF
Strong returns driven by growth in loans and fees and improvement in net interest margin Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 4Q24 3Q24 4Q23
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 fourth quarter of 2024. The dividend is payable on January 15, 2025 to shareholders of record as of December 31, 2024. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-recommended L
Fee income growth and resilient balance sheet leads to another quarter of strong returns Reported results included a negative $0.07 impact from certain items on page 2 of the earnings release Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 3Q24 2Q24 3Q23 Stability: Sequential growth in net interest income and net interest margin driven by the repricing benefit on fixed rate loan portfolio and moderating deposit costs Strong profitability resulted in CET1 increasing to 10.75% while executing a $200 million sha
Marks 9th consecutive year of increased common dividend per share, reflecting a resilient balance sheet and strong earnings profile Also declares preferred dividends 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 record as of September 30, 2024. Fifth Third also declared a cas
Resilient balance sheet and disciplined expense management leads to strong and stable returns Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 2Q24 1Q24 2Q
Results reaffirm Fifth Third's balance sheet strength Fifth Third Bancorp (NASDAQ:FITB) today released its preliminary stress capital buffer requirement resulting from the Federal Reserve Board's ("FRB") annual bank stress test. Fifth Third's preliminary stress capital buffer under the FRB severely adverse scenario is 3.2%, effective October 1, 2024. Fifth Third's Common Equity Tier 1 ("CET1") ratio at March 31, 2024 of 10.5% significantly exceeds the regulatory minimum of 4.5% plus the stress capital buffer, reflecting strong capital levels. In September, Fifth Third intends to recommend to its Board of Directors a 2 cent per share increase to the quarterly cash dividend on its common
Bank strengthens leadership team with key internal promotions, appoints new chief legal officer Fifth Third Bancorp (NASDAQ:FITB) today announced several executive leadership changes, reflecting the Bank's continued focus on growth, innovation and talent development. Susan Zaunbrecher, who has led Fifth Third's Legal, Government Affairs and Regulatory Affairs departments and the Office of the Corporate Secretary since 2018, will retire. Christian Gonzalez will join Fifth Third as executive vice president, chief legal officer, to succeed her, effective July 7. Gonzalez will join Fifth Third's Enterprise management team, the Bank's senior-most governing body. Gonzalez brings extensive e
Fifth Third Bancorp (NASDAQ:FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected: Nicholas K. Akins, retired chairman, president and CEO, American Electric Power. Evan Bayh III, senior advisor, Apollo Global Management. Jorge L. Benitez, retired CEO of North America, Accenture. Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc. Linda W. Clement-Holmes, retired chief Information Officer, The Procter and Gamble Company. C. Bryan Daniels, co-founder and principal, Prairie Capital. Laurent Desmangles, retired senior partner and managing director, Boston Co
Today, Fifth Third (NASDAQ:FITB) announces the appointment of Darren King as executive vice president, head of regional banking, effective immediately. King will report directly to CEO Tim Spence and will join Fifth Third's Enterprise management team, the Bank's senior-most governing body. Prior to joining Fifth Third, King spent 24 years at M&T in several leadership roles. Fifth Third's regional banking model provides a strategic advantage by aligning regional teams across key businesses to offer clients strategic counsel, innovative banking solutions and execution. As the head of regional banking, King will drive strategy, cultivate talent and pursue growth across the Bank's footprint, w
Fifth Third (NASDAQ:FITB) today announced the appointment of Mike Powell as Corporate Secretary, effective immediately. Powell brings a wealth of experience in corporate governance, legal compliance, and administrative management to the role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250226860894/en/Mike Powell, Corporate Secretary, Fifth Third (Photo: Business Wire) In addition to assuming full corporate secretary responsibilities, Powell will continue to oversee Mergers & Acquisitions and Strategic Investments, Securities, and the Wealth & Asset Management and Retail Brokerage divisions. "Mike is a seasoned legal profes
Fifth Third Bancorp (NASDAQ:FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected: Nicholas K. Akins, retired chairman, president and CEO, American Electric Power. Evan Bayh III, senior advisor, Apollo Global Management. Jorge L. Benitez, retired CEO of North America of Accenture plc. Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc. Emerson L. Brumback, retired president and COO, M&T Bank. Linda W. Clement-Holmes, retired chief Information Officer, The Procter and Gamble Company. C. Bryan Daniels, co-founder and principal, Prairie Capital. L
New members bring expertise in financial management, treasury, innovation, fintech Fifth Third Bancorp (NASDAQ:FITB) today announced the appointment of Laurent Desmangles and Kathleen Rogers as independent directors of Fifth Third Bancorp, effective immediately. "We're fortunate to have Laurent Desmangles and Kathleen Rogers joining our Board of Directors," said Fifth Third Bancorp President and CEO Tim Spence. "Laurent brings global perspective and experience serving organizations as they chart growth strategy and execute large scale transformation." "Kathy's wide-ranging career in banking and extensive financial management experience are invaluable. We welcome her leadership in serv
Fifth Third Bancorp (NASDAQ:FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected: Nicholas K. Akins, executive chairman, retired president, CEO, American Electric Power. Evan Bayh III, senior advisor, Apollo Global Management. Jorge L. Benitez, retired CEO of North America of Accenture plc. Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc. Emerson L. Brumback, retired president and COO, M&T Bank. Linda W. Clement-Holmes, retired Chief Information Officer, The Procter and Gamble Company. C. Bryan Daniels, co-founder and principal, Prairie Capita
Establishes Sustainability Office and Appoints Mike Faillo as Chief Sustainability Officer Fifth Third today announced six new operational sustainability targets to be achieved by 2030. These targets build upon the Bank's initial five goals set in 2017, which established the foundation for Fifth Third to reduce the environmental impact in its own operations. The 2017 goals were to purchase 100% renewable power and to reduce its energy use, greenhouse gas emissions, water use and waste sent to landfills by 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220509005494/en/ Fifth Third's new and enhanced operational sustainabili
Greg Carmichael to become Executive Chairman Fifth Third Bancorp (NASDAQ:FITB) announced today that Greg Carmichael has elected to retire as chief executive officer effective July 5. At that time, Carmichael will become executive chairman, continuing to lead the Board of Directors and provide advice and counsel to the CEO. Tim Spence will succeed Carmichael as Fifth Third's CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220412005303/en/Credit: Aaron Conway Marsha Williams, lead independent director of Fifth Third's Board, expressed the Board's unanimous confidence in Spence. "Tim is an outstanding leader who will continue t
Fifth Third Bank, National Association, today announced the appointment of Michele Mullins as the Company's first climate risk officer. The role expands Mullins' duties as director of enterprise risk governance and business support, and reflects the Bank's commitment to environmental sustainability leadership. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210924005344/en/Michele Mullins, director, Enterprise & Climate Risk Governance and Business Support, Fifth Third Bank (Photo: Business Wire) Fifth Third Chairman and CEO Greg Carmichael said, "With a proven track record of establishing appropriate procedures, testing for adher