Fifth Third Bancorp reports news as a U.S. bank holding company and the indirect parent of Fifth Third Bank, National Association, a federally chartered bank. Company updates cover earnings, loan and deposit trends, net interest income and margin, balance-sheet management, and integration following the completed Comerica merger into Fifth Third Financial Corporation, a wholly owned subsidiary.
Recurring developments also include branch expansion, commercial real estate and multifamily lending through the Fannie Mae DUS program, debt exchange activity, annual meeting results, Community Reinvestment Act performance, community-development programs, financial access initiatives, and service activities across the bank's footprint.
Fifth Third Bank (NASDAQ: FITB) has been recognized as one of the World's Most Ethical Companies® by Ethisphere for the sixth time, marking a significant achievement in business integrity. The bank is among only two U.S. banks and four banks globally to receive this prestigious recognition in 2025, out of 136 honored companies worldwide.
This recognition highlights Fifth Third's commitment to ethical business practices, with the bank's purpose focused on making life 'a Fifth Third Better' by helping customers and communities achieve financial well-being. Under CEO Tim Spence's leadership, the bank maintains its ambition to be the most valued and trusted financial institution.
The assessment process utilizes Ethisphere's Ethics Quotient® methodology, requiring companies to provide over 240 proof points on various ethical practices. Notably, the 2025 honorees outperformed a comparable index of global companies by 7.8 percentage points from January 2020 to January 2025.
Fifth Third Bank (FITB) has earned a spot on Forbes' America's Best Banks List for 2025, marking its second consecutive year on the prestigious ranking. The evaluation considered 11 key metrics measuring growth, credit quality, and profitability for the 12-month period ending September 30, 2024, along with stock performance through January 10, 2025.
The assessment included ten equally-weighted financial metrics: net interest margin, return on average tangible common equity, return on average assets, CET1 ratio, efficiency ratio, nonperforming assets percentage, reserves percentage, risk-based capital ratio, operating revenue growth, and net charge-offs percentage.
Fifth Third Bank (NASDAQ: FITB) has launched 'Team Fifth Third', a new Name, Image and Likeness (NIL) program featuring 26 student athletes from Division I college basketball. The program will showcase athletes' personal stories and journeys through a social media video series.
The initiative builds upon Fifth Third's existing connections with college athletics, including naming rights for Fifth Third Arena at the University of Cincinnati and Fifth Third Stadium at Kennesaw State University. The bank is also the Official Bank of University of Dayton Athletics. Through this NIL program, Fifth Third has established new partnerships with student athletes from Indiana University, University of Florida, University of South Carolina, and Xavier University.
Fifth Third Bank (NASDAQ: FITB) is celebrating its unique 166.7 Percentennial anniversary, marking 166.7 years since its establishment on June 17, 1858. The milestone represents the bank's name as a fraction (5/3 = 166.7%) and symbolizes their commitment to exceptional service.
Under CEO Tim Spence's leadership, the bank highlights several historic achievements, including being the first U.S. bank to establish mall branches (1954), among the first banks listed on Nasdaq (1971), and pioneering the first online-shared ATM network, JEANIE® (1977). Recent accomplishments include processing over $17 trillion in Commercial Payments volume in 2024 and growing their Wealth Management AUM by 17%.
Looking forward, Fifth Third plans to expand with over 200 new branches through 2028, primarily in Southeast markets. The bank is celebrating by distributing thank-you notes to customers and surprising some with $53 gift cards, while continuing to enhance their digital banking capabilities and in-branch experience.
Fifth Third (NASDAQ: FITB) has appointed Mike Powell as Corporate Secretary with immediate effect. Powell, who will maintain his current oversight of Mergers & Acquisitions, Strategic Investments, Securities, Wealth & Asset Management, and Retail Brokerage divisions, brings extensive experience in corporate governance and legal compliance.
Since joining Fifth Third in December 2017, Powell has played a key role in various M&A transactions, notably the successful merger with MB Financial Bank in May 2019. His previous experience includes serving as M&A Counsel at Teradata and practicing law at Baker Hostetler and Dickinson Wright in Washington, D.C. after graduating from Harvard Law School.
Fifth Third Private Bank (NASDAQ: FITB) has announced the opening of a new Trust Administrative Office in Wilmington, Delaware. This strategic expansion aims to leverage Delaware's unique trust laws, offering clients income and estate tax advantages, enhanced privacy, and dynasty trust capabilities.
The expansion reinforces the Private Bank's commitment to serving high-net-worth individuals and families with complex wealth planning needs, from philanthropy to business transitions and wealth protection. The bank's expertise focuses on providing flexible, protective, and personalized services.
The announcement follows Fifth Third Private Bank's recent recognition as Best Private Bank (US, Regional) for the sixth consecutive year and Best Private Bank for Entrepreneurs (Globally) for the second year in the Global Finance 2025 World's Best Private Bank Awards.
Fifth Third Bancorp (FITB) has announced its participation in the 2025 RBC Capital Markets Financial Institutions Conference scheduled for March 5, 2025, at 8:00 AM ET. The company will be represented by Bryan Preston, executive vice president and chief financial officer, and Jamie Leonard, executive vice president and chief operating officer.
The presentation will be accessible through a live audio webcast and slides via the Investor Relations section of www.53.com, with materials remaining available for approximately 14 days after the conference. Presentation slides will also be provided in a printer-friendly format on the company's website.
Fifth Third, established in 1858, has been recognized among Ethisphere's World's Most Ethical Companies® for several years. The bank focuses on providing financial services to individuals, families, businesses, and communities, with an emphasis on innovation and community impact. Fifth Third Bank's common stock trades on the NASDAQ® Global Select Market under the symbol 'FITB'.
Fifth Third Bancorp (FITB) has announced its participation in the BofA Securities 2025 Financial Services Conference scheduled for February 11, 2025, at 1:50 PM ET. Bryan Preston, executive vice president and chief financial officer, will represent the company at the conference.
The presentation will be accessible through a live audio webcast and slides via the Investor Relations section of Fifth Third's website (www.53.com). The content will remain available for approximately 14 days following the conference, with presentation slides provided in a printer-friendly format.
Fifth Third, established in 1858, is recognized among Ethisphere's World's Most Ethical Companies® and operates as a federally chartered institution through Fifth Third Bank, National Association. The company's common stock trades on the NASDAQ® Global Select Market under the symbol 'FITB'.
Fifth Third Bank (NASDAQ: FITB) has been recognized among America's Most JUST Companies for the third consecutive year by JUST Capital and CNBC. The bank ranked 5th among banks and 33rd overall out of 940 companies evaluated.
The rankings assess companies across 20 issues based on public opinion research regarding responsible corporate behavior. Companies in the JUST 100 demonstrate superior performance compared to Russell 1000 peers, including:
- Paying 10.6% more workers a family sustaining wage
- Offering $1.95 higher minimum wage
- Providing 16.4 more hours of career development training
- Offering 2 additional weeks of paid parental leave
- Being 2.3 times more likely to offer apprenticeship programs
- Emitting 48% less CO2 per revenue dollar
Fifth Third's commitment to corporate responsibility has also earned recognition in Fortune's World's Most Admired Companies 2025 and Ethisphere's World's Most Ethical Companies® 2024.
Fifth Third (NASDAQ: FITB) has been recognized among Fortune Magazine's World's Most Admired Companies™ for the second consecutive year. The prestigious ranking evaluates corporate reputation across more than 50 industries globally, based on a poll of over 3,700 executives, directors, and analysts conducted by Korn Ferry.
Companies are rated on nine criteria including investment value, management quality, social responsibility, and talent attraction. The selection process involves evaluating 1,500 largest U.S. and global companies by revenue.
In 2024, Fifth Third has garnered multiple accolades, including:
- 'U.S. Best Super-Regional Bank' by Euromoney
- No. 1 for Retail Banking Customer Satisfaction in Florida by JD Power
- Forbes' 'Best Customer Service'
- Global Private Banker 'Best Private Bank for High Net Worth Clients'
- Energage 'Top Workplaces USA'