Financial Services - Banks - Regional - NASDAQ - US
$ 25.7
0.234 %
$ 17.2 B
Market Cap
7.38
P/E
Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses.[ Read More ]
The intrinsic value of one FITBI stock under the base case scenario is HIDDEN Compared to the current market price of 25.7 USD, Fifth Third Bancorp is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart FITBI
FINANCIALS
8.41 B
REVENUE
4.43 B
OPERATING INCOME
2.35 B
NET INCOME
4.51 B
OPERATING CASH FLOW
-9.49 B
INVESTING CASH FLOW
4.66 B
FINANCING CASH FLOW
2.67 B
REVENUE
722 M
OPERATING INCOME
573 M
NET INCOME
1.78 B
OPERATING CASH FLOW
-1.07 B
INVESTING CASH FLOW
-327 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Fifth Third Bancorp
| Current Assets | 32.5 B |
| Cash & Short-Term Investments | 3.14 B |
| Receivables | 0 |
| Other Current Assets | 29.3 B |
| Non-Current Assets | 233 B |
| Long-Term Investments | 75.6 B |
| PP&E | 3.32 B |
| Other Non-Current Assets | 154 B |
| Current Liabilities | 95.6 B |
| Accounts Payable | 0 |
| Short-Term Debt | 2.53 B |
| Other Current Liabilities | 93.1 B |
| Non-Current Liabilities | 193 B |
| Long-Term Debt | 16.4 B |
| Other Non-Current Liabilities | 176 B |
EFFICIENCY
Earnings Waterfall
Fifth Third Bancorp
| Revenue | 8.41 B |
| Cost Of Revenue | -4.23 B |
| Gross Profit | 12.6 B |
| Operating Expenses | 3.76 B |
| Operating Income | 4.43 B |
| Other Expenses | 2.08 B |
| Net Income | 2.35 B |
RATIOS
150.31%
GROSS MARGIN
52.72%
OPERATING MARGIN
27.93%
NET MARGIN
12.25%
ROE
1.09%
ROA
9.15%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Fifth Third Bancorp
| Net Income | 2.35 B |
| Depreciation & Amortization | 481 M |
| Capital Expenditures | -491 M |
| Stock-Based Compensation | 169 M |
| Change in Working Capital | 360 M |
| Others | 1.62 B |
| Free Cash Flow | 4.02 B |
Wall Street Analysts Price Targets
Fifth Third Bancorp
FITBI has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
1.10%
DIVIDEND YIELD
0.594 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Fifth Third Bancorp
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Oct 30, 2023
|
Bought 1.5 M USD
|
Daniels C. Bryan
Director |
+ 64500
|
23.31 USD |
|
1 year ago
May 03, 2023
|
Bought 124 K USD
|
Bayh Evan
Director |
+ 5000
|
24.82 USD |
|
1 year ago
Mar 13, 2023
|
Bought 885 K USD
|
Heminger Gary R.
Director |
+ 33000
|
26.823 USD |
|
1 year ago
Mar 13, 2023
|
Bought 389 K USD
|
Heminger Gary R.
Director |
+ 14500
|
26.823 USD |
|
1 year ago
Feb 14, 2023
|
Sell 26.1 K USD
|
Hammond Howard
EVP |
- 700
|
37.32 USD |
|
1 year ago
Feb 14, 2023
|
Sell 11.2 K USD
|
Hammond Howard
EVP |
- 300
|
37.31 USD |
|
1 year ago
Feb 08, 2023
|
Sell 75 K USD
|
Hammond Howard
EVP |
- 2000
|
37.522 USD |
|
2 years ago
Nov 15, 2022
|
Sell 207 K USD
|
Lavender Kevin P
EVP |
- 5659
|
36.58 USD |
|
2 years ago
Nov 15, 2022
|
Sell 22 K USD
|
Lavender Kevin P
EVP |
- 600
|
36.59 USD |
|
2 years ago
Oct 27, 2022
|
Sell 294 K USD
|
Shaffer Robert P
EVP |
- 8234
|
35.76 USD |
|
2 years ago
Oct 27, 2022
|
Sell 48.1 K USD
|
Shaffer Robert P
EVP |
- 1344
|
35.77 USD |
|
2 years ago
Oct 27, 2022
|
Sell 22.6 K USD
|
Shaffer Robert P
EVP |
- 631
|
35.78 USD |
|
2 years ago
Oct 21, 2022
|
Bought 125 K USD
|
Leonard James C.
EVP & Chief Financial Officer |
+ 3893
|
32.155 USD |
|
2 years ago
Oct 21, 2022
|
Bought 2.72 K USD
|
Spence Timothy
President and CEO |
+ 84
|
32.35 USD |
|
2 years ago
Oct 21, 2022
|
Bought 3.23 K USD
|
Spence Timothy
President and CEO |
+ 100
|
32.345 USD |
|
2 years ago
Oct 21, 2022
|
Bought 28.1 K USD
|
Spence Timothy
President and CEO |
+ 869
|
32.34 USD |
|
2 years ago
Oct 21, 2022
|
Bought 6.47 K USD
|
Spence Timothy
President and CEO |
+ 200
|
32.335 USD |
|
2 years ago
Oct 21, 2022
|
Bought 20.5 K USD
|
Spence Timothy
President and CEO |
+ 635
|
32.31 USD |
|
2 years ago
Oct 21, 2022
|
Bought 3.23 K USD
|
Spence Timothy
President and CEO |
+ 100
|
32.305 USD |
|
2 years ago
Oct 21, 2022
|
Bought 10.9 K USD
|
Spence Timothy
President and CEO |
+ 336
|
32.3 USD |
|
2 years ago
Oct 21, 2022
|
Bought 29.1 K USD
|
Spence Timothy
President and CEO |
+ 900
|
32.295 USD |
|
2 years ago
Oct 21, 2022
|
Bought 45.2 K USD
|
Spence Timothy
President and CEO |
+ 1400
|
32.29 USD |
|
2 years ago
Oct 21, 2022
|
Bought 12.9 K USD
|
Spence Timothy
President and CEO |
+ 400
|
32.285 USD |
|
2 years ago
Oct 21, 2022
|
Bought 6.46 K USD
|
Spence Timothy
President and CEO |
+ 200
|
32.2825 USD |
|
2 years ago
Oct 21, 2022
|
Bought 13.2 K USD
|
Spence Timothy
President and CEO |
+ 409
|
32.28 USD |
|
2 years ago
Oct 21, 2022
|
Bought 8.39 K USD
|
Spence Timothy
President and CEO |
+ 260
|
32.275 USD |
|
2 years ago
Oct 21, 2022
|
Bought 22.6 K USD
|
Spence Timothy
President and CEO |
+ 700
|
32.27 USD |
|
2 years ago
Oct 21, 2022
|
Bought 12.9 K USD
|
Spence Timothy
President and CEO |
+ 400
|
32.265 USD |
|
2 years ago
Oct 21, 2022
|
Bought 3.23 K USD
|
Spence Timothy
President and CEO |
+ 100
|
32.2625 USD |
|
2 years ago
Oct 21, 2022
|
Bought 7.58 K USD
|
Spence Timothy
President and CEO |
+ 235
|
32.26 USD |
|
2 years ago
Oct 21, 2022
|
Bought 14 K USD
|
Spence Timothy
President and CEO |
+ 435
|
32.25 USD |
7. News
Fifth Third Bank to Decrease Prime Lending Rate to 7.75%
CINCINNATI--(BUSINESS WIRE)--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.
businesswire.com
- 1 week ago
Fifth Third Launches Small Business Catalyst Fund in Partnership with Community Reinvestment Fund, USA
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank has partnered with Community Reinvestment Fund, USA (CRF) to launch the Small Business Catalyst Fund, a $7.85M investment that will empower small businesses across Fifth Third's 11-state footprint to grow and create jobs in their communities and build a more equitable small business ecosystem. "Small businesses form the foundation of our communities – and when they succeed, we all succeed,” said Kala Gibson, chief corporate responsibility officer fo.
businesswire.com
- 2 weeks ago
Fifth Third Named To Forbes' Best Customer Service List
CINCINNATI--(BUSINESS WIRE)--Fifth Third has been named to Forbes' Best for Customer Service 2025 list. This marks the second consecutive year Fifth Third's customer service efforts have been recognized by Forbes. “We put the customer in the center of everything we do, so providing our customers with the best possible experience is at our core,” said Jamie Leonard, Chief Operating Officer at Fifth Third. “No matter where our customers interact with us, whether it's at one of our branch location.
businesswire.com
- 3 weeks ago
Foundation Office at Fifth Third Bank: Grant Application Process Open from Oct. 1 – Nov. 22
CINCINNATI--(BUSINESS WIRE)--For more than a century, Fifth Third Bank has managed private foundations, empowering individuals, families and institutions to realize their visions and leave a legacy for the greater good. It all started with Bank president, Jacob G. Schmidlapp. A pioneer, ahead of his time, he established the Jacob G. Schmidlapp Trust in 1903. Today, the Foundation Office at Fifth Third Bank works diligently to ensure these foundations fulfill their mission of giving back to wort.
businesswire.com
- 1 month ago
Fifth Third Foundation Supports Communities Impacted by Hurricane Helene
CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation is proud to support the American Red Cross and local nonprofit organizations across the southeastern U.S. as they provide care, comfort and support to local communities affected by Hurricane Helene. A longtime supporter of the American Red Cross Disaster Responder Program, Fifth Third has contributed $350,000 to Red Cross Disaster Relief, including $100,000 specifically designated to provide aid in the Carolinas. Additionally, the Fifth Th.
businesswire.com
- 1 month ago
Fifth Third Bancorp Announces Cash Dividends
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 $0.33 per share for the first quarter of 2023. The dividend is payable on April 17, 2023 to shareholders of record as of March 31, 2023. Fifth Third also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. The Series I dividend is payable on March 31, 2023 to shareholders of record as of March 29, 2023. Fifth Third also declared a cash dividend on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J (quarterly rate of 3 month LIBOR plus 3.129% per preferred share), at the rate of $492.75 per preferred share, which equates to approximately $19.7100 for each depository share. Each depositary share represents a 1/25th ownership interest in a share of Series J Preferred Stock. The Series J dividend is payable on March 31, 2023 to shareholders of record as of March 29, 2023. Fifth Third also declared a cash dividend on its 4.95% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO), at the rate of approximately $309.375 per preferred share, which equates to approximately $0.30938 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series K Preferred Stock. The Series K dividend is payable on March 31, 2023 to shareholders of record as of March 29, 2023. Fifth Third also declared a cash dividend on its 4.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, at the rate of $281.25 per preferred share, which equates to approximately $11.25 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series L Preferred Stock. The Series L dividend is payable on March 31, 2023 to shareholders of record as of March 29, 2023. Fifth Third also declared a cash dividend on its 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq: FITBP), at the rate of $15.00 per preferred share, which equates to approximately $0.3750 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of Class B Series A Preferred Stock. The Class B Series A dividend is payable on March 31, 2023 to shareholders of record as of March 29, 2023. 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 banks to have been named among Ethisphere's World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com. Category: Dividends
businesswire.com
- 1 year ago
Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--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 $0.33 per share for the fourth quarter of 2022. The dividend is payable on January 17, 2023 to shareholders of record as of December 30, 2022. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H, at the rate of $637.50 per preferred share, which equates to approximately $25.50 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series H Preferred Stock. The Series H dividend is payable on January 3, 2023 to shareholders of record as of December 29, 2022. Fifth Third also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. The Series I dividend is payable on January 3, 2023 to shareholders of record as of December 29, 2022. Fifth Third also declared a cash dividend on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J (quarterly rate of 3 month LIBOR plus 3.129% per preferred share), at the rate of $434.70 per preferred share, which equates to approximately $17.3880 for each depository share. Each depositary share represents a 1/25th ownership interest in a share of Series J Preferred Stock. The Series J dividend is payable on January 3, 2023 to shareholders of record as of December 29, 2022. Fifth Third also declared a cash dividend on its 4.95% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO), at the rate of approximately $309.375 per preferred share, which equates to approximately $0.30938 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series K Preferred Stock. The Series K dividend is payable on January 3, 2023 to shareholders of record as of December 29, 2022. Fifth Third also declared a cash dividend on its 4.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, at the rate of $281.25 per preferred share, which equates to approximately $11.25 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series L Preferred Stock. The Series L dividend is payable on January 3, 2023 to shareholders of record as of December 29, 2022. Fifth Third also declared a cash dividend on its 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq: FITBP), at the rate of $15.00 per preferred share, which equates to approximately $0.3750 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of Class B Series A Preferred Stock. The Class B Series A dividend is payable on January 3, 2023 to shareholders of record as of December 29, 2022. 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 banks to have been named among Ethisphere's World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com. Category: Dividends
businesswire.com
- 1 year ago
Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 3 cents, or 10%, to $0.33 per Share
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 $0.33 per share for the third quarter of 2022. The dividend is payable on October 17, 2022 to shareholders of record as of September 30, 2022. Fifth Third also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. The Series I dividend is payable on September 30, 2022 to shareholders of record as of September 28, 2022. Fifth Third also declared a cash dividend on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J (quarterly rate of 3 month LIBOR plus 3.129% per preferred share), at the rate of $343.62 per preferred share, which equates to approximately $13.7448 for each depository share. Each depositary share represents a 1/25th ownership interest in a share of Series J Preferred Stock. The Series J dividend is payable on September 30, 2022 to shareholders of record as of September 28, 2022. Fifth Third also declared a cash dividend on its 4.95% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO), at the rate of approximately $309.375 per preferred share, which equates to approximately $0.30938 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series K Preferred Stock. The Series K dividend is payable on September 30, 2022 to shareholders of record as of September 28, 2022. Fifth Third also declared a cash dividend on its 4.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, at the rate of $281.25 per preferred share, which equates to approximately $11.25 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series L Preferred Stock. The Series L dividend is payable on September 30, 2022 to shareholders of record as of September 28, 2022. Fifth Third also declared a cash dividend on its 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq: FITBP), at the rate of $15.00 per preferred share, which equates to approximately $0.3750 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of Class B Series A Preferred Stock. The Class B Series A dividend is payable on September 30, 2022 to shareholders of record as of September 28, 2022. About Fifth Third 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 June 30, 2022, the Company had $207 billion in assets and operates 1,080 full-service Banking Centers, and 2,153 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 56,000 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 June 30, 2022, had $512 billion in assets under care, of which it managed $54 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 “FITB.”
businesswire.com
- 2 years ago
Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--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 $0.30 per share for the second quarter of 2022. The dividend is payable on July 15, 2022 to shareholders of record as of June 30, 2022. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H, at the rate of $637.50 per preferred share, which equates to approximately $25.50 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series H Preferred Stock. The Series H dividend is payable on June 30, 2022 to shareholders of record as of June 28, 2022. Fifth Third also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. The Series I dividend is payable on June 30, 2022 to shareholders of record as of June 28, 2022. Fifth Third also declared a cash dividend on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J (quarterly rate of 3 month LIBOR plus 3.129% per preferred share), at the rate of $261.3975 per preferred share, which equates to approximately $10.4559 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series J Preferred Stock. The Series J dividend is payable on June 30, 2022 to shareholders of record as of June 28, 2022. Fifth Third also declared a cash dividend on its 4.95% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO), at the rate of approximately $309.375 per preferred share, which equates to approximately $0.30938 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series K Preferred Stock. The Series K dividend is payable on June 30, 2022 to shareholders of record as of June 28, 2022. Fifth Third also declared a cash dividend on its 4.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, at the rate of $281.25 per preferred share, which equates to approximately $11.25 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series L Preferred Stock. The Series L dividend is payable on June 30, 2022 to shareholders of record as of June 28, 2022. Fifth Third also declared a cash dividend on its 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq: FITBP), at the rate of $15.00 per preferred share, which equates to approximately $0.3750 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of Class B Series A Preferred Stock. The Class B Series A dividend is payable on June 30, 2022 to shareholders of record as of June 28, 2022. About Fifth Third 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, 2022, the Company had $211 billion in assets and operates 1,079 full-service Banking Centers, and 2,201 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 54,000 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, 2022, had $549 billion in assets under care, of which it managed $61 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 “FITB”.
businesswire.com
- 2 years ago
Fifth Third Bancorp Announces Cash Dividends
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 first quarter of 2022. The dividend is payable on April 18, 2022 to shareholders of record as of March 31, 2022. Fifth Third also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. The Series I dividend is payable on March 31, 2022 to shareholders of record as of March 29, 2022. Fifth Third also declared a cash dividend on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J (quarterly rate of 3 month LIBOR plus 3.129% per preferred share), at the rate of $209.475 per preferred share, which equates to approximately $8.3790 for each depository share. Each depositary share represents a 1/25th ownership interest in a share of Series J Preferred Stock. The Series J dividend is payable on March 31, 2022 to shareholders of record as of March 29, 2022. Fifth Third also declared a cash dividend on its 4.95% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO), at the rate of approximately $309.375 per preferred share, which equates to approximately $0.30938 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series K Preferred Stock. The Series K dividend is payable on March 31, 2022 to shareholders of record as of March 29, 2022. Fifth Third also declared a cash dividend on its 4.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, at the rate of $281.25 per preferred share, which equates to approximately $11.25 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series L Preferred Stock. The Series L dividend is payable on March 31, 2022 to shareholders of record as of March 29, 2022. Fifth Third also declared a cash dividend on its 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq: FITBP), at the rate of $15.00 per preferred share, which equates to approximately $0.3750 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of Class B Series A Preferred Stock. The Class B Series A dividend is payable on March 31, 2022 to shareholders of record as of March 29, 2022. About Fifth Third 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 December 31, 2021, the Company had $211 billion in assets and operates 1,117 full-service Banking Centers, and 2,322 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 54,000 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 December 31, 2021, had $554 billion in assets under care, of which it managed $65 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 “FITB”.
businesswire.com
- 2 years ago
Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--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 $0.30 per share for the fourth quarter of 2021. The dividend is payable on January 18, 2022 to shareholders of record as of December 31, 2021. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H, at the rate of $637.50 per preferred share, which equates to approximately $25.50 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series H Preferred Stock. The Series H dividend is payable on December 31, 2021 to shareholders of record as of December 29, 2021. Fifth Third also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. The Series I dividend is payable on December 31, 2021 to shareholders of record as of December 29, 2021. Fifth Third also declared a cash dividend on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J (quarterly rate of 3 month LIBOR plus 3.129% per preferred share), at the rate of $208.38 per preferred share, which equates to approximately $8.3352 for each depository share. Each depositary share represents a 1/25th ownership interest in a share of Series J Preferred Stock. The Series J dividend is payable on December 31, 2021 to shareholders of record as of December 29, 2021. Fifth Third also declared a cash dividend on its 4.95% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO), at the rate of approximately $309.375 per preferred share, which equates to approximately $0.30938 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series K Preferred Stock. The Series K dividend is payable on December 31, 2021 to shareholders of record as of December 29, 2021. Fifth Third also declared a cash dividend on its 4.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, at the rate of $281.25 per preferred share, which equates to approximately $11.25 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series L Preferred Stock. The Series L dividend is payable on December 31, 2021 to shareholders of record as of December 29, 2021. Fifth Third also declared a cash dividend on its 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq: FITBP), at the rate of $15.00 per preferred share, which equates to approximately $0.3750 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of Class B Series A Preferred Stock. The Class B Series A dividend is payable on December 31, 2021 to shareholders of record as of December 29, 2021. About Fifth Third 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 September 30, 2021, the Company had $208 billion in assets and operated 1,100 full-service Banking Centers, and 2,336 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 52,000 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 September 30, 2021, had $541 billion in assets under care, of which it managed $61 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 “FITB.”
businesswire.com
- 2 years ago
Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 3 cents, or approximately 11%, to $0.30 per Share
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 also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. The Series I dividend is payable on September 30, 2021 to shareholders of record as of September 28, 2021. Fifth Third also declared a cash dividend on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J (quarterly rate of 3 month LIBOR plus 3.129% per preferred share), at the rate of $209.30 per preferred share, which equates to approximately $8.3720 for each depository share. Each depositary share represents a 1/25th ownership interest in a share of Series J Preferred Stock. The Series J dividend is payable on September 30, 2021 to shareholders of record as of September 28, 2021. Fifth Third also declared a cash dividend on its 4.95% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO), at the rate of approximately $309.375 per preferred share, which equates to approximately $0.30938 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series K Preferred Stock. The Series K dividend is payable on September 30, 2021 to shareholders of record as of September 28, 2021. Fifth Third also declared a cash dividend on its 4.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, at the rate of $281.25 per preferred share, which equates to approximately $11.25 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series L Preferred Stock. The Series L dividend is payable on September 30, 2021 to shareholders of record as of September 28, 2021. Fifth Third also declared a cash dividend on its 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq: FITBP), at the rate of $15.00 per preferred share, which equates to approximately $0.3750 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of Class B Series A Preferred Stock. The Class B Series A dividend is payable on September 30, 2021 to shareholders of record as of September 28, 2021. About Fifth Third 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 June 30, 2021, the Company had $205 billion in assets and operates 1,096 full-service Banking Centers, and 2,369 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 June 30, 2021, had $483 billion in assets under care, of which it managed $61 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 “FITB.”
businesswire.com
- 3 years ago
8. Profile Summary
Fifth Third Bancorp FITBI
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 17.2 B
Dividend Yield
1.10%
Description
Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses. The company's Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. Fifth Third Bancorp's Wealth & Asset Management segment provides various investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. As of December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
Contact
Fifth Third Center, Cincinnati, OH, 45263
https://www.53.com
IPO Date
Dec. 6, 2013
Employees
18607
Officers
Mr. Timothy N. Spence
Chief Executive Officer, President & Chairman of the Board
Ms. Susan B. Zaunbrecher J.D.
Executive Vice President, Chief legal Officer & Corporate Secretary
Mr. Robert P. Shaffer
Executive Vice President & Chief Risk Officer
Mr. Jude A. Schramm
Executive Vice President & Chief Information Officer
Mr. Rob Schipper
Head of Investment Banking & MD
Ms. Melissa S. Stevens
Executive Vice President & Chief Marketing Officer
Mr. Mark D. Hazel
Executive Vice President, Controller & Principal Accounting Officer
Mr. James C. Leonard CPA
Executive Vice President & Chief Operating Officer
Mr. Kevin Patrick Lavender
Executive Vice President & Head of Commercial Banking
Mr. Bryan D. Preston
Executive Vice President & Chief Financial Officer