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 |
|---|---|---|---|
| 5/31/2024 | $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 |
| 12/21/2022 | $36.00 | Neutral | DA Davidson |
| 12/5/2022 | $37.00 | Equal-Weight | Morgan Stanley |
| 9/28/2022 | $39.00 | Outperform | Wedbush |
Fifth Third Bank directors Laurent Desmangles and Linda W. Clement-Holmes have been named to Savoy Magazine's 2024 Most Influential Corporate Directors list. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121881432/en/Laurent Desmangles (Photo: Business Wire) Published in Savoy Magazine's Fall/Winter edition, the list is comprised of executives, influencers and achievers who serve on the boards of the world's leading corporations and organizations. Clement-Holmes was also named to the list in 2021. With a career spanning more than 30 years, Desmangles is a retired senior partner and managing director at Boston Consulting Gr
Fifth Third Bank, National Association, (NASDAQ:FITB) has announced Matt Nipper as Northern Ohio region president. Nipper succeeds Tom Partridge, who is serving as group regional president. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120711911/en/Matt Nipper was recently named Northern Ohio President by Fifth Third Bank, National Association. (Photo: Business Wire) As region president, Nipper is responsible for the growth and strategic alignment of the Bank's commercial, wealth & asset management and treasury management businesses throughout Northern Ohio. He joined Fifth Third in April as Cleveland market president. "I
Bank employees can enter local businesses in sweepstakes for $5,300 grants Small businesses across Fifth Third's 11-state footprint will feel the love this holiday shopping season: from now until Dec. 1, Fifth Third employees can enter their favorite local small business in a sweepstakes to win one of five $5,300 microgrants. "At Fifth Third, we know that small, local businesses form the foundation of our communities – where we live, work, and play. And when they succeed, we succeed," said Melissa Stevens, chief marketing officer for Fifth Third. "Our employees are excited to show our local small businesses some extra love this holiday season, and we hope that community members will joi
Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, is pleased to announce its newest team and office in Winton-Salem, North Carolina. The following advisors joined the organization having managed $1.8 billion in client assets at their previous firm: Jonathan Cochrane, Fifth Third Wealth Advisors, Managing Director Spencer Huggins, Fifth Third Wealth Advisors, Managing Director Shannon Shelton, Fifth Third Wealth Advisors, Relationship Manager "It's my pleasure to welcome this team of committed and proven professionals to Fifth Third Wealth Advisors," said Eric Housman, president of Fifth Third Wealth Advisors. "With more than 55 years of collect
Fifth Third's eTown Banking Center in Jacksonville, Florida First in Network to Introduce Hyper-Fast Charging Stations Fifth Third Bank continues its historic clean energy progress today by introducing hyper-fast electric vehicle (EV) chargers for the first time at one of its banking centers. Fifth Third is making six hyper-fast charging stations publicly available at its eTown location in Jacksonville, Florida to better serve current EV owners and those considering transitioning to an EV. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112826238/en/Fifth Third's eTown branch features six hyper-fast EV chargers. (Photo: Busi
At a London-based event, Fifth Third Private Bank, a division of Fifth Third Bank, was named the Best Private Bank in North America for Customer Service. The recognition was part of the 2024 Global Private Banking Awards. The Global Private Banking Awards is a joint project from the Financial Times' group publications dedicated to the global banking, wealth management and the financial services sector: The Banker and Professional Wealth Management. In its sixteenth year, the Global Private Banking Awards aim to gather qualitative and quantitative information from private banking groups to be able to give a set of awards for excellence. "At Fifth Third Private Bank, we're focused on our c
Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.75%, effective immediately. The rate was last changed on September 18, 2024, when Fifth Third decreased its prime lending rate from 8.50% to 8.00%. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based b
Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, is pleased to announce the expansion of its presence in Charlotte, North Carolina. The following advisor team has joined Fifth Third Wealth Advisors having managed $2 billion in client assets at their previous firm: Scott Bailey, Fifth Third Wealth Advisors, Managing Director Scott Cislo, Fifth Third Wealth Advisors, Managing Director Murray Kinlaw, Fifth Third Wealth Advisors, Managing Director "We are excited to welcome this team of dedicated and trusted professionals to Fifth Third Wealth Advisors," said Eric Housman, president of Fifth Third Wealth Advisors. "Their expertise and commitment to ex
Fifth Third Bancorp (NASDAQ:FITB) is expected to report financial results and host conference calls to discuss results on the following dates: Fourth Quarter 2025 – Thursday, January 22, 2026 – 8:00 AM ET First Quarter 2026 – Thursday, April 23, 2026 – 8:00 AM ET Second Quarter 2026 – Thursday, July 23, 2026 – 8:00 AM ET Third Quarter 2026 – Thursday, October 22, 2026 – 8:00 AM ET Financial results are expected to be available at approximately 6:30 AM ET on each of the dates listed above, with conference calls expected to begin at approximately 8:00 AM ET. These conference calls will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.c
Fifth Third Bancorp (NASDAQ:FITB) will participate in the 2024 BancAnalysts Association of Boston Conference on November 8, 2024 at approximately 9:00 AM ET. Jamie Leonard, executive vice president and chief operating officer, and Bryan Preston, executive vice president and chief financial officer, will represent the Company. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations section of www.53.com. Additionally, any slides used in the presentation will be made available in a printer-friendly format on the Company's website. About Fifth Third Bancorp Fifth Third is a bank that's as long on innovati
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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
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 $0.35 per share for the second quarter of 2024. The dividend is payable on July 15, 2024 to shareholders of record as of June 28, 2024. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (quarterly rate of 3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-r
Grew deposits year-over-year and further strengthened liquidity and capital positions Reported results included a negative $0.06 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 1Q24 4Q23 1Q23 Stability: Average deposits increased 5%
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 $0.35 per share for the first quarter of 2024. The dividend is payable on April 15, 2024 to shareholders of record as of March 28, 2024. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (quarterly rate of 3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-
Organizations Announce 2023 Centers of Excellence Graduates The National Minority Supplier Development Council (NMSDC) and Fifth Third today announce the continuance of NMSDC's innovative Centers of Excellence Certificate Program (COECP) through 2026. The COECP facilitates the development and growth of NMSDC-certified minority business enterprises, prepares them to compete for larger contracting opportunities and facilitates opportunities for strategic partnerships, mentoring and networking. The Fifth Third Foundation will provide an additional $1.1 million over the next three years to sponsor the program — and three new classes of graduates — through 2026. Fifth Third also donated $1 m
The JUST 100 is the only ranking that recognizes American corporate leadership on business issues prioritized by the public For a second consecutive year, Fifth Third was named to the JUST 100 list, part of JUST Capital and CNBC's 2024 Rankings of America's Most JUST Companies. Fifth Third was ranked fifth among the banks evaluated and 45th on the JUST 100 list – 937 companies were assessed. Inclusion in the JUST 100 is a recognition of the Bank's commitment to its employees, customers, communities, planet and shareholders. "I am proud Fifth Third is again being recognized by JUST Capital as a leader on issues that matter to our stakeholders," said Tim Spence, chairman, chief executiv
Strong capital accretion and continued to grow deposits and improve liquidity Reported results included a negative $0.27 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 4Q23 3Q23 4Q22 Stability: Average deposits increased 2% compared to 3Q23; increased 5% compared to 4Q22 Maintained full Category 1 LCR compli
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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
Fifth Third Bank, National Association, has announced the addition of Jay Plum in the role of executive vice president and head of mortgage. Plum will help lead the Bank's digital mortgage initiative and the growth strategy for the Bank's mortgage business. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210419005532/en/Fifth Third Bank names Jay Plum new head of Mortgage (Photo: Business Wire) "We're excited to have Jay join us. His expertise across so many areas of banking and the markets that we serve will help us continue to improve our customer experience and grow the business," said Howard Hammond, head of the Consumer Bank
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, chairman, 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. Greg D. Carmichael, chairman and CEO, Fifth Third Bancorp. Linda Clement-Holmes, retired Chief Information Officer, The Procter and Gamble Company. C. Bryan Daniels, co-foun
B of A Securities analyst Ebrahim Poonawala maintains Fifth Third Bancorp (NASDAQ:FITB) with a Buy and raises the price target from $42 to $45.
Morgan Stanley analyst Manan Gosalia maintains Fifth Third Bancorp (NASDAQ:FITB) with a Equal-Weight and raises the price target from $36 to $40.
Argus Research analyst Stephen Biggar maintains Fifth Third Bancorp (NASDAQ:FITB) with a Buy and raises the price target from $42 to $46.
RBC Capital analyst Gerard Cassidy maintains Fifth Third Bancorp (NASDAQ:FITB) with a Outperform and raises the price target from $38 to $43.
Fifth Third Bancorp (NASDAQ:FITB) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.85 by 1.18 percent. This is a 1.15 percent decrease over earnings of $0.87 per share from the same period last year.
Fifth Third Bancorp (NASDAQ:FITB) reported quarterly earnings of $0.81 per share which missed the analyst consensus estimate of $0.84 by 3.57 percent. This is a 1.22 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $2.093 billion which missed the analyst consensus estimate of $2.113 billion by 0.94 percent. This is a 4.39 percent decrease over sales of $2.189 billion the same period last year.
The Nasdaq 100 closed lower by around 600 points on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Williams-Sonoma The Trade: Williams-Sonoma, Inc. (NYSE:WSM) President and CEO Laura Alber sold a total of 40,000 shares at
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
DA Davidson initiated coverage of Fifth Third with a rating of Neutral and set a new price target of $36.00
Morgan Stanley resumed coverage of Fifth Third with a rating of Equal-Weight and set a new price target of $37.00
Wedbush resumed coverage of Fifth Third with a rating of Outperform and set a new price target of $39.00
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