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 directors Laurent Desmangles and Linda W. Clement-Holmes have been named to Savoy Magazine's 2024 Most Influential Corporate Directors list. Desmangles, a retired senior partner from Boston Consulting Group, brings over 30 years of experience in financial services and serves on multiple Fifth Third committees. Clement-Holmes, who was previously recognized in 2021, is a retired chief information officer from Procter & Gamble with expertise in IT and diversity leadership. She serves on Fifth Third's audit, human capital, compensation, and technology committees. Both directors are recognized for their significant contributions to corporate leadership and governance.
Fifth Third Bank (Nasdaq: FITB) has appointed Matt Nipper as Northern Ohio region president, succeeding Tom Partridge who becomes group regional president. Nipper, who joined Fifth Third in April as Cleveland market president, brings 26 years of banking experience and will oversee the growth and strategic alignment of the Bank's commercial, wealth & asset management, and treasury management businesses in Northern Ohio. The region encompasses 92 full-service banking centers and over 1,000 employees. Previously, Nipper spent 25 years at KeyBank in various leadership roles including commercial relationship manager productivity leader.
Fifth Third has launched its second annual 'Swap, Snap, Share' campaign to support small businesses during the holiday shopping season. Through December 1, bank employees can enter local small businesses in a sweepstakes to win one of five $5,300 microgrants. The campaign includes employees leaving $53 tips as random acts of kindness before Small Business Saturday. To participate, employees visit local businesses to swap Fifth Third pens, take photos, and share on social media. Eligible businesses must have 100 or fewer employees, $1 million or less in annual revenue, and be locally owned. Fifth Third serves over 320,000 small business clients across its 11-state footprint.
Fifth Third Foundation announces support for REP4®FinLit, a new financial literacy tool developed by and for students, set to launch in 2025. The digital platform will include features like a 'Money Mindset' quiz to help young adults understand their spending habits and relationship with money. This initiative extends Fifth Third's 20-year commitment to financial education through programs like the Fifth Third Bank Finance Academy® and Young Bankers Club®. The tool originated from REP4®, a national alliance founded by Grand Valley State University, and will roll out statewide in Michigan in 2025 before expanding nationally in 2026.
Fifth Third Wealth Advisors has expanded its presence by opening a new office in Winston-Salem, North Carolina, welcoming a team that previously managed $1.8 billion in client assets. The team includes Jonathan Cochrane and Spencer Huggins as Managing Directors, and Shannon Shelton as Relationship Manager. This expansion follows the recent opening of another office in Charlotte, North Carolina. The firm now operates ten advisor teams across seven states, including Florida, Georgia, Illinois, New York, North Carolina, Pennsylvania, and Texas. Fifth Third Wealth Advisors ranks among the top 500 independent RIAs in the US.
Fifth Third Bank has introduced six hyper-fast electric vehicle (EV) charging stations at its eTown Banking Center in Jacksonville, Florida, marking a first for its network. The charging stations, implemented through a collaboration with Electrify America, are publicly available and can be accessed through Electrify America's mobile app. The bank currently offers 72 EV charging ports across its footprint and continues to expand its solar capacity, with the eTown location being one of more than 25 solar-powered branches. The 1,900-square-foot eTown Banking Center showcases a modern, sustainable design that integrates digital banking with in-person services.
Fifth Third Private Bank has been recognized as the Best Private Bank in North America for Customer Service at the 2024 Global Private Banking Awards in London. The awards, organized by Financial Times' publications The Banker and Professional Wealth Management, evaluate private banking groups based on qualitative and quantitative information.
The bank has also received multiple other accolades, including Best Private Bank for High Net Worth Clients globally (third consecutive year), Best Private Bank for Succession Planning globally, and Best Private Bank (US, Regional) for the fifth consecutive year. These recognitions highlight Fifth Third's commitment to client service excellence and financial success.
Fifth Third Bank announced an immediate decrease in its prime lending rate to 7.75%. This marks the second recent reduction in the prime rate, following a previous decrease from 8.50% to 8.00% on September 18, 2024.
Fifth Third Wealth Advisors announces expansion in Charlotte, North Carolina, with the addition of a new advisor team previously managing $2 billion in client assets. The team includes Scott Bailey, Scott Cislo, and Murray Kinlaw as Managing Directors. The firm now operates in eight states with nine advisor teams, serving clients nationwide. According to independent research, Fifth Third Wealth Advisors ranks among the top 500 independent RIAs in the US and projects to become a top 100 independent RIA firm by the end of 2025.
Fifth Third Bancorp (FITB) has announced its earnings release schedule for 2026. The bank will report financial results and host conference calls on: January 22 (Q4 2025), April 23 (Q1 2026), July 23 (Q2 2026), and October 22 (Q3 2026). Financial results will be available at 6:30 AM ET on each date, with conference calls starting at 8:00 AM ET. The calls will be webcast live through Fifth Third's Investor Relations website, with replay access available afterward.