Fifth Third Bancorp (FITB) Stock News

Fifth Third Bank (FITB) announced a $20 million investment over three years in North Nashville through its Neighborhood Program, focusing on economic mobility and community development. The initiative, in partnership with local organizations including Affordable Housing Resources, Pathway Lending, and United Way of Greater Nashville, aims to implement an economic mobility roadmap. The program will focus on growing housing and homeownership, supporting small businesses, investing in education-to-career pathways, and addressing infrastructure needs. This expansion follows the program's success across nine neighborhoods since 2021, where Fifth Third has invested nearly $255 million, catalyzing an additional $200 million in investments. Previous achievements include developing 584 new rental homes, preserving 437 existing homes, assisting 1,932 homeowners, and supporting 926 small businesses.

Fifth Third (FITB) has allocated $16 million in New Markets Tax Credits (NMTCs) to three community facilities in Atlanta and Cincinnati. The funding is part of a larger $50 million federal NMTC allocation received from the U.S. Treasury's CDFI Fund. The three projects include: the Phillis Wheatley Westside YWCA in Atlanta ($5M NMTC, $5.5M equity), which will provide early learning and digital skills programs; the Findlay Community Center in Cincinnati ($6M NMTC, $4.46M equity, $2.5M foundation grant) for recreation and childcare; and the Talbert House Hamilton County Crisis Center ($5M NMTC, $3.77M equity) offering healthcare and mental health services. These investments aim to revitalize historically underserved neighborhoods and promote economic mobility through community development initiatives.

Fifth Third Bancorp (FITB) has announced a significant new share repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to 100 million shares, replacing the previous 2019 authorization which had 11.8 million shares remaining. This new authorization has no expiration date or specific price targets and can be executed through open market purchases or private negotiations, including Rule 10b5-1 programs. The bank maintains flexibility to suspend the program at any time based on performance evaluation, economic conditions, market conditions, and regulatory factors. Fifth Third, established in 1858, is recognized among Ethisphere's World's Most Ethical Companies and operates as a federally chartered institution with its stock traded on the NASDAQ Global Select Market.

Fifth Third Bank (FITB) has been recognized among the Nation's Best and Brightest in Wellness by the National Association for Business Resources for the second consecutive year. The award acknowledges the bank's exceptional commitment to employee wellness and healthy workplace environment. Fifth Third offers comprehensive benefits including wellness programs, employee assistance, virtual and maternity concierge services, and subsidized back-up care for children and elder adults. The evaluation process involved assessment by a leading wellness research firm, considering factors such as program culture, environment, employee input, physical health, mental health, financial health, leadership commitment, and program effectiveness tracking.

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.