Fifth Third Bancorp Stock Price, News & Analysis

Fifth Third Private Bank (FITB) has secured multiple prestigious recognitions in 2025, including being named Best Private Bank for High Net Worth Clients by The Digital Banker and Global Private Banker for the fourth consecutive year. The bank also received the Best Private Bank for Succession Planning in the Americas award for the second year. The bank's Business Transition Advisory Team has demonstrated significant success, managing over $2.17 billion in total liquidity captured by December 2024. The institution has also garnered additional accolades from Euromoney and Global Finance, including Best Private Bank for High Net Worth Clients (US) and Best Private Bank for Entrepreneurs (Globally), highlighting their commitment to personalized wealth management solutions and digital innovation.

Fifth Third Bank (FITB) has announced key leadership changes in North Florida, with Scott Daigle appointed as the new region president and Cary Putrino transitioning to region chairman. Daigle, who previously served as North Florida commercial market president at TD Bank, brings 30 years of banking and commercial lending experience. In his new role, he will oversee commercial banking, wealth management, and commercial payments across Tampa Bay, Sarasota, Orlando, North Central Florida, and Jacksonville markets. The bank maintains a strong presence with 97 banking centers and approximately 700 employees in North Florida. Notably, Fifth Third Bank recently received recognition from J.D. Power, ranking No. 1 for Retail Banking Customer Satisfaction in Florida for the second consecutive year in 2025.

Fifth Third Bank (FITB) has been recognized by J.D. Power as the leader in banking mobile app satisfaction among regional banks in their 2025 U.S. Banking Mobile App Satisfaction Study. The bank's app, which serves over 2.4 million monthly users with over a billion annual engagements, also ranked #1 for Visual Appeal.

The next-generation mobile app, launched in 2022, offers key features including early pay access, real-time P2P payments, dark mode, streamlined direct deposit switching, SmartShield® security system, instant card controls, and real-time card tracking. The bank implemented hundreds of app enhancements in 2024, demonstrating its commitment to digital innovation.

Additionally, Fifth Third secured the top position for Retail Banking Customer Satisfaction in Florida for the second consecutive year in J.D. Power's 2025 U.S. Retail Banking Satisfaction Study.

Fifth Third Bancorp (FITB) has announced its participation in the 2025 Morgan Stanley U.S. Financials Conference scheduled for June 10, 2025, at 7:30 AM 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 materials will remain available for approximately 14 days following the conference. Fifth Third, established in 1858, is one of the few U.S. banks recognized among Ethisphere's World's Most Ethical Companies® for several years.

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.