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 |
|---|---|---|---|
| 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 |
| 12/21/2022 | $36.00 | Neutral | DA Davidson |
| 12/5/2022 | $37.00 | Equal-Weight | Morgan Stanley |
‘Fifth Third Babies' born on May 3 in select Detroit and southwest Florida hospitals received $1,053 toward a 529 savings account More than 80 newborns across metro Detroit and southwest Florida entered the world on Saturday with a leg up for future financial success, thanks to a partnership between Fifth Third, the Gift of College and participating local hospitals. Fifth Third (NASDAQ:FITB) presented the new parents with care packages that include a $1,053 gift card for a 529 College Savings Plan, a DoorDash gift card, and baby gifts such as a onesie, bib, blanket and book. Labor & delivery nurses at participating hospitals also received appreciation gifts from Fifth Third. Fifth Third
Employees participate in volunteerism & giving activities in local communities across Bank's footprint Fifth Third Bank's (NASDAQ:FITB) nearly 19,000 employees will celebrate the annual "Fifth Third Day" by volunteering and donating to fight food insecurity within their local communities across the Bank's 11-state footprint. On May 2, celebrated as "Fifth Third Day," employees will unite to pack millions of meals, collect and donate food items, and support local hunger relief organizations. Fifth Third Day kicks off a month of volunteering activities across the Bank's 11-state footprint, with the theme of ‘Tackling Food Insecurity One Community at a Time.' "Food security continues to be
For the fourth consecutive year, Fifth Third (NASDAQ:FITB) is honored to have earned the 2025 USA TODAY Top Workplaces award. "Our employees are the cornerstone of Fifth Third's engaging and connected culture, continuously demonstrating their commitment to each other, our customers and communities," said Nancy Pinckney, chief human resources officer at Fifth Third. "This award highlights the dedication and passion of our team members, who make Fifth Third a great place to work. I am proud of how our employees drive growth, foster strong connections and continue to innovate, ensuring we remain a leader in the industry." Top Workplaces USA recognizes organizations that have created exceptio
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
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
Fifth Third (NASDAQ:FITB) has been recognized as one of the World's Best Banks 2025 by Forbes and Statista Inc. The ranking recognizes the best banks in 34 countries based on an independent survey sample of more than 50,000 consumers. "Fifth Third puts our customers at the center of what we do, and we continue to focus on our priorities of stability, profitability and growth – in that order. These priorities have positioned Fifth Third to be recognized as one of Forbes' World Best Banks 2025," said Jamie Leonard, chief operating officer at Fifth Third. "This recognition underscores our unwavering commitment to earning consumer trust and addressing our clients' everyday financial needs." T
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) has been recognized as one of the Most Trustworthy Companies in America 2025. This award is presented by Newsweek and Statista Inc. "Fifth Third is dedicated to being the One Bank people most value and trust, and this recognition is a reflection of that commitment and the strong relationships our teams have built with our customers," said Jamie Leonard, chief operating officer at Fifth Third. "We are honored to be recognized as one of the Most Trustworthy Companies in America and look forward to continuing to earn our customers' trust every day by keeping them at the center of everything that we do." The Most Trustworthy Companies in America 2025 list was built o
Fifth Third Private Bank, a division of Fifth Third Bank (NASDAQ:FITB), was named the "United States Best Private Bank for High Net Worth Clients" by Euromoney in its 2025 Private Bank Awards. "At Fifth Third Private Bank, we cultivate lasting relationships with our high-net-worth clients," said Kris Garrett, group regional president and head, wealth and asset management, Fifth Third Bank. "I want to thank our clients for placing their trust in us, which is something we work hard to build and never take for granted. This award is important to us because it recognizes our dedicated teams who strive to provide unparalleled experiences, remarkable service and a holistic approach to wealth str
J.D. Power today named Fifth Third Bank No. 1 for Retail Banking Customer Satisfaction in Florida for the second year in a row as part of its 2025 U.S. Retail Banking Satisfaction StudySM. The Study also noted that customers rated Fifth Third No. 1 for account offerings and value. "I am incredibly proud to celebrate that, for the second year in a row, J.D. Power is recognizing our team for the most satisfying customer banking experience in Florida," said Jamie Leonard, chief operating officer of Fifth Third. "This recognition is a testament to our vision to be the One Bank people most value and trust." Fifth Third has had a presence in Florida since 1991 and has been strategically and rap
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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
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
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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, 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
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
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
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%