Fifth Third Bancorp Stock Price, News & Analysis

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.

Fifth Third (Nasdaq: FITB) has achieved recognition as one of the Most Trustworthy Companies in America 2025 by Newsweek and Statista Inc. This prestigious acknowledgment stems from a comprehensive evaluation process involving:

• A survey of 25,000 U.S. residents assessing companies across customer, employee, and investor trust
• Social listening analysis measuring company mentions across internet platforms based on sentiment, virality, and reach

Jamie Leonard, Fifth Third's chief operating officer, emphasized the bank's commitment to being the One Bank people most value and trust. The recognition places Fifth Third among the top 700 companies earning the highest scores in trustworthiness metrics.

Fifth Third Bank (NASDAQ: FITB) has awarded nearly $250,000 in grants to approximately 50 small businesses through its Small Business Catalyst Fund. Each business received $5,300 as part of the inaugural distribution from the $7.85 million fund, launched in partnership with Community Reinvestment Fund, USA (CRF).

The fund combines grants, micro loans, and small business loans ranging from $5,000 to $750,000, targeting businesses where traditional lending isn't viable. The initiative operates across Fifth Third's 11-state footprint, working with Community Development Financial Institutions (CDFIs) including ECDI and Ascendus.

Notable recipients include The Country Meat Co. Marketplace in Cincinnati's Avondale neighborhood, which became the area's first grocery store in 17 years. The fund is supported by the Fifth Third Foundation, Fifth Third Bank Community Development , and Rockefeller Philanthropy Advisors.