Fifth Third Bancorp Stock Price, News & Analysis

Fifth Third Bank (NASDAQ: FITB) has launched a groundbreaking initiative offering free digital will creation services to all its customers through an exclusive partnership with Trust & Will. Starting immediately, millions of Fifth Third customers can create state-specific, attorney-approved wills online in under an hour at no cost. This initiative addresses a significant gap in estate planning, as revealed in Trust & Will's 2025 Estate Planning Report, which found that while 83% of Americans consider wills important, only 31% have one. The report also highlighted disparities in estate planning readiness across demographics, with younger adults, lower-income individuals, and women being less prepared than older generations, wealthier households, and men.

Fifth Third Bank (NASDAQ: FITB) celebrated its annual "Fifth Third Day" by gifting $1,053 toward 529 college savings accounts to more than 80 newborns born on May 3, 2025, in select Detroit and southwest Florida hospitals. The initiative, known as 'Fifth Third Babies,' included care packages with DoorDash gift cards and baby essentials. Since 2017, the program has provided over $730,000 in 529 plan funding to nearly 700 babies across seven states.

The bank is also running a social media sweepstakes from May 3-29, 2025, offering 53 winners the chance to receive $1,053 Gift of College cards for 529 college savings plans. The program, implemented across 19 hospitals in Detroit, Fort Myers, and Naples, reflects Fifth Third's commitment to improving financial access and mobility in its communities.

Fifth Third Bank (Nasdaq: FITB) has been awarded the 2025 USA TODAY Top Workplaces recognition for the fourth consecutive year. The award, based on employee feedback through Energage's engagement survey, recognizes organizations with exceptional people-first cultures.

Among more than 42,000 organizations invited to participate, Fifth Third's selection highlights its engaging and connected culture. Chief Human Resources Officer Nancy Pinckney emphasized how employees drive growth, foster connections, and maintain innovation, contributing to the bank's industry leadership.

The recognition process evaluated responses to Workplace Experience Themes, which serve as proven indicators of high performance. Energage CEO Eric Rubino noted that the award demonstrates organizational credibility and signals a company culture that values its workforce, particularly significant in today's competitive market.

Fifth Third Bancorp (NASDAQ: FITB) reported first quarter 2025 earnings of $0.71 per diluted share, compared to $0.85 in Q4 2024 and $0.70 in Q1 2024. Net income available to common shareholders was $478 million.

Key highlights include:

• Net interest income remained stable at $1,442 million with 4% year-over-year growth
• Net interest margin expanded for the 5th consecutive quarter to 3.03%
• Average loans increased 3% both sequentially and year-over-year
• Noninterest expense decreased 3% year-over-year
• Efficiency ratio improved to 61.0%

The bank's performance reflected resilient balance sheet management, with stable net charge-off ratios and continued expense discipline. Wealth & asset management revenue grew 7% year-over-year, while commercial payments revenue increased 6%. The bank executed $225 million in share repurchases during the quarter.

Fifth Third Bancorp (NASDAQ: FITB) reported first quarter 2025 earnings of $0.71 per diluted share, with net income available to common shareholders at $478 million. The quarter showed positive operating leverage driven by loan growth, net interest margin expansion, and expense discipline.

Key highlights include:

• Net interest income remained stable sequentially and grew 4% year-over-year
• Average loans increased 3% both sequentially and year-over-year
• Net interest margin expanded to 3.03%, marking the 5th consecutive quarterly increase
• Expenses decreased 3% compared to 1Q24
• Generated 20% more commercial new quality relationships compared to 1Q24

The bank's performance reflected its resilient balance sheet and diversified business mix. The quarter included a negative $0.02 per share impact from certain items. The company executed $225 million in share repurchases during the quarter and achieved a 5% increase in tangible book value per share, excluding AOCI, over the past year.

Fifth Third Bancorp (NASDAQ: FITB) held its Annual Shareholders Meeting where shareholders re-elected thirteen directors to the board, including retired executives and industry leaders. Key appointments include Nicholas K. Akins (former CEO of American Electric Power), Timothy N. Spence (current chairman, CEO and president), and other prominent business leaders.

Shareholders also approved two additional measures: the appointment of Deloitte & Touche LLP as the company's independent external audit firm for 2025 and an advisory vote supporting the company's executive compensation package. The bank, established in 1858, expects to file a Form 8-K with final voting results within four business days.

Fifth Third Bank (FITB) has earned a spot on Forbes' World's Best Banks 2025 list, a prestigious recognition based on an independent survey of over 50,000 consumers across 34 countries. The ranking evaluates financial institutions offering checking and savings accounts based on multiple criteria including trust, terms & conditions, customer service, digital services, and financial advice.

According to Jamie Leonard, Fifth Third's chief operating officer, this achievement reflects the bank's customer-centric approach and its focus on three key priorities: stability, profitability, and growth. The recognition highlights Fifth Third's success in earning consumer trust and meeting clients' financial needs.

Fifth Third Bank (NASDAQ: FITB) has appointed Darren King as executive vice president and head of regional banking, effective immediately. King, who brings 24 years of experience from M&T Bank, will report to CEO Tim Spence and join Fifth Third's Enterprise management team.

In his new role, King will oversee middle market commercial banking and wealth and asset management across the bank's regions, focusing on strategy, talent development, and growth initiatives. The appointment highlights Fifth Third's successful regional banking model, which coordinates regional teams to provide integrated banking solutions. Notable success includes over 75% of new Private Bank assets originating from Commercial and Retail Banking referrals.

King succeeds Kris Garrett, who is retiring. Garrett, who joined Fifth Third in 2017, will remain with the bank through early June 2025 to ensure a smooth transition.

Fifth Third Bank (NASDAQ: FITB) has announced a free educational Homeownership Summit Series aimed at helping low to moderate income borrowers achieve homeownership. The initiative includes connecting attendees with credit counselors, budget experts, realtors, non-profits, and housing developers.

The first summit, titled 'Eggs to Equity: Cracking the Code to Homeownership', will be held in Columbus, Ohio on April 5, 2025, at the Junto Hotel, with a second city to be announced for fall 2025. The events will feature family-friendly activities and free childcare.

In the past year, Fifth Third has invested $6.6 million in assistance, helping over 1,600 families purchase homes. The bank also operates its Neighborhood Program and Financial Empowerment Mobile (eBus) to support underserved communities across its 11-state footprint.