Fifth Third Bancorp
FITB-PA
New York Stock Exchange22.58
USD
+0.29
- -
ISIN
US3167738869
CUSIP
316773886
Return %
Stock
S&P500
1Y
-6.83
19.43
3Y
-3.03
76.01
5Y
-16.14
74.94
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Timothy N. Spence
- Full Time Employees
- 18,676
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 38 Fountain Square Plaza Cincinnati OH United States of America 45263
- IPO Date
- Aug 27, 2019
- Website
- 53.com
- Similar Companies
- Business
- Fifth Third Bancorp, a diversified financial services holding company, engages in a broad range of banking and financial services through its regulated subsidiaries. The firm operates as a commercial bank holding company with a nationwide footprint and headquarters in Cincinnati, Ohio, founded in 1858. Primary business activity centers on retail and commercial banking, wealth and investment management, and payments and digital services, supported by a franchise of specialized subsidiaries. Main Products and Services: - Banking services: consumer and business deposits, checking and savings accounts, retail and commercial lending, mortgage origination and servicing, small business administration loans, treasury management, card services, merchant acquiring, and payment processing - Wealth, broker-dealer, and asset management: investment advisory, fiduciary services, retirement planning, brokerage services, financial planning, and trust administration - Corporate and commercial finance: middle-market lending, equipment financing, asset-based lending, working capital solutions, and structured finance - Investment research and market data access: access to research insights, market data, and analytics for institutional clients - Risk management and treasury services: cash management, liquidity solutions, foreign exchange, and hedging strategies - Digital banking and payments technology: online and mobile banking platforms, digital payments, ACH, wire transfers, card issuing, and payment gateway services - Insurance services (through affiliated ventures in select markets): life and property and casualty offerings delivered via third-party partners and subsidiaries - Other financial services: trust and custody, custody and clearing services, private banking, and portfolio management for high-net-worth individuals and institutions Geographic operations: - United States nationwide presence with a branching network and regional offices; operations extend to corporate centers and field offices across multiple states - International client services via correspondent banking relationships and cross-border payment capabilities Industry and segments: - Industry: diversified financial services - Segments: consumer and commercial banking; wealth and asset management; payments; corporate and investment banking; mortgage; and insurance services Founding year and headquarters: - Founded in 1858; headquarters located in Cincinnati, Ohio Subsidiaries and parent relationships: - Fifth Third Bancorp is the parent company of multiple bank subsidiaries operating under the Fifth Third Bank brand, with clearly defined regulatory and branding structures; the firm maintains a holding company structure and consolidates results for its primary operating segments Latest major changes: - Strategic partnerships and alliances: expands partnerships with fintech and technology providers to enhance digital banking capabilities and payments processing; increases collaboration with merchant networks to expand acceptance and cross-border payment solutions - Funding and acquisitions: engages in targeted acquisitions and minority investments to bolster specialty lending, wealth-management capabilities, and technology platforms; realignment of business units to optimize capital and risk profiles - Product launches and service enhancements: introduces new digital wallet features, enhanced cash-management tools for commercial clients, expanded card programs, and updated investment product suites for wealth clients - Strategic shifts and expansions: accelerates investment in digital transformation, data analytics, and cyber risk management; expands regional footprints and underwrites growth in high-demand markets - Name changes or reorganizations: corporate branding remains aligned with Fifth Third Bancorp and Fifth Third Bank; no mass-name changes reported - Operational changes: optimization of branch network through consolidation where appropriate, modernization of core banking systems, and enhancement of regulatory compliance and risk-management infrastructure Additional context: - Target markets include individual consumers, small to mid-sized enterprises, large corporate clients, high-net-worth individuals, and institutional investors - Geographic emphasis on the U.S. with scalable cross-border capabilities for international clients - Founding heritage and headquarters anchored in Ohio, with a long-standing presence across the Midwest and expanding national reach - Relationships with affiliated investment and wealth-management entities, and a network of subsidiary banks and service lines to deliver a full suite of financial products and services