Welcome to our dedicated page for Fifth Third Bancorp news (Ticker: FITB), a resource for investors and traders seeking the latest updates and insights on Fifth Third Bancorp stock.
Fifth Third Bancorp (FITB) is a leading regional financial institution providing banking, wealth management, and corporate finance solutions across 11 states. This dedicated news hub offers investors and stakeholders centralized access to official announcements and material developments.
Our curated collection serves as a primary resource for tracking FITB's financial performance, regulatory filings, and community initiatives. Users will find press releases covering quarterly earnings, strategic acquisitions, leadership updates, and digital banking innovations, alongside analysis of regulatory compliance milestones and community reinvestment programs.
The archive features multiple content categories including financial results disclosures, product launch announcements, and corporate responsibility initiatives. As an FDIC-insured institution with $214 billion in assets (2023), Fifth Third's news flow reflects its dual focus on regional banking excellence and national-scale financial services.
Bookmark this page for real-time updates on FITB's operational developments, dividend declarations, and market positioning within the competitive banking sector. Verify time-sensitive information directly through SEC filings and official company communications.
Fifth Third Bank has appointed Craig Harter as the new head of auto lending, succeeding Peter Kidd, who is retiring in spring 2022. Harter returns with over 30 years of experience in banking and automotive lending, including previous roles at Fifth Third from 2004 to 2010 and most recently as head of indirect lending at a regional bank. Fifth Third is one of the leading bank originators of indirect auto loans in the U.S., with a strong dealer network across 40 states.
Fifth Third Bank announced a special payment of $1,250 for full-time employees providing essential banking services during the pandemic, marking the second recognition of its kind. Over 7,500 employees are eligible, with part-time workers receiving $625. The Bank has maintained 99% of its financial centers open and introduced competitive benefits including additional vacation days and improved time-off policies. As of Sept. 30, 2021, Fifth Third had $208 billion in assets and operates over 1,000 banking centers across the U.S.
Fifth Third Bank announced 13 technology grants of $10,000 each to various schools and nonprofit organizations participating in its digital Young Bankers Club program. This initiative aims to enhance financial education for fifth-grade students. The Young Bankers Club, redesigned for digital delivery, includes a comprehensive curriculum meeting national standards. As of
Fifth Third Bancorp has successfully issued its inaugural Green Bond worth
Fifth Third Bancorp (NASDAQ: FITB) will participate in the 2021 BancAnalysts Association of Boston Conference on November 5, 2021, at 8:50 AM ET. The company will be represented by Tim Spence, President, and Jamie Leonard, CFO. The conference will be webcast live, accessible via the Fifth Third Investor Relations website. As of September 30, 2021, Fifth Third Bancorp had $208 billion in assets and operates over 1,100 banking centers, providing access to approximately 52,000 fee-free ATMs across the U.S.
3BL Media has awarded Greg D. Carmichael, chairman and CEO of Fifth Third Bank, the 2021 Responsible CEO of the Year for Community Impact. Under Carmichael's leadership, the bank exceeded its five-year commitment to invest $32 billion in communities, delivering $41.6 billion in support. Fifth Third achieved carbon neutrality in 2020 and aims for $8 billion in sustainable financing by 2025. The bank also initiated a $2.8 billion Racial Equality, Equity and Inclusion initiative, pledging $180 million for revitalizing majority-Black communities.
Fifth Third Bancorp (NASDAQ: FITB) reported a 3% increase in diluted earnings per share to $0.97 for Q3 2021, supported by a $60 million pre-tax gain from an HSA deposit sale. The bank's net income reached $684 million, a 22% year-over-year rise. Key financial metrics include a Return on Tangible Common Equity (ROTCE) of 16.9% and a historically low net charge-off (NCO) ratio of 0.08%. The company also closed the acquisition of fintech firm Provide, boosting its healthcare offerings. Share repurchases totaled $550 million, with ongoing plans to repurchase an additional $300 million in Q4 2021.
Fifth Third Bank and Accion Opportunity Fund (AOF) will host a fireside chat on October 27 to discuss the recovery of small businesses, particularly those owned by people of color, post-pandemic. Key speakers include Kala Gibson, Fifth Third’s head of business banking, and Luz Urrutia, AOF’s CEO. The discussion will focus on resources available to support entrepreneurs during this challenging time.
Fifth Third's partnership with AOF is part of its commitment to providing $41.6 billion in lending and investments aimed at helping small business owners thrive.
The Fifth Third Foundation has awarded $62,500 in scholarships to 25 students, continuing its long-standing commitment to education since its inception in 1948. Established in 2005, the Scholarship Program grants $2,500 one-time scholarships annually to children of Fifth Third employees. Nearly 350 students have benefited from this initiative. The National Merit Scholarship Corporation oversees the awarding process, ensuring recognition of the students' academic achievements. The Foundation remains dedicated to supporting higher education for the families of its employees.
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