- 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 28, 2019
- Business
- Fifth Third Bancorp (Nasdaq: FITBP) is a diversified bank holding company and the parent of Fifth Third Bank, which provides a comprehensive range of retail and commercial banking, consumer lending, and wealth management services; core offerings include checking, savings, and money market accounts; credit products such as business credit cards, home equity loans, lines of credit, and commercial loans; merchant services powered by Worldpay; commercial payments solutions encompassing cash logistics, account reconciliations, lockbox remittances, and embedded payments via Newline by Fifth Third; asset-backed finance for transportation, consumer, entertainment, and equipment sectors; as well as investment advisory and asset management services.
The company operates through four primary segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management, serving individual consumers, small businesses, middle-market companies, and institutional clients with a network of approximately 1,100 branches and 2,400 ATMs across 12 states including Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, South Carolina, Tennessee, West Virginia, and Alabama.
Headquartered in Cincinnati, Ohio, Fifth Third Bancorp traces its origins to 1858 through predecessor institutions such as the Bank of the Ohio Valley, Third National Bank, and Fifth National Bank, which merged in 1908 to form the Fifth Third National Bank of Cincinnati.
In recent developments, Fifth Third announced a definitive agreement in October 2025 to acquire Comerica Incorporated in an all-stock transaction valued at $10.9 billion, expected to close in March 2026 pending approvals, creating the ninth-largest U.S. bank by assets with enhanced presence in high-growth markets including Texas, California, and the Southeast. Earlier in August 2025, the company expanded its Commercial Payments business through the acquisition of DTS Connex, a cash management software provider, building on prior 2023 purchases of Rize Money and Big Data Healthcare; it also grew its asset-backed finance group and continued organic expansion with new branches in Alabama and plans for nearly 400 Southeast locations by year-end 2025. These moves support raised 2025 guidance for net interest income growth of 5.5% to 6.5% and positive operating leverage.