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Fifth Third Bank to Increase Prime Lending Rate to 7.75%

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Fifth Third Bank has raised its prime lending rate to 7.75%, effective immediately. This increase follows the previous adjustment on December 14, 2022, when the rate was lifted from 7.00% to 7.50%. The bank aims to continue its tradition of innovation and community impact while maintaining a strong commitment to ethical business practices as recognized by Ethisphere’s World’s Most Ethical Companies®. Fifth Third Bancorp, traded on NASDAQ under the symbol FITB, serves to enhance financial services for individuals, families, and businesses since 1858.

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  • Increase in prime lending rate may lead to higher interest income.
  • Maintains a strong reputation for ethical business practices, recognized by Ethisphere.
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  • None.

CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.75%, effective immediately.

The rate was last changed on Dec. 14, 2022, when Fifth Third increased its prime lending rate from 7.00% to 7.50%.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

Beth Oates (Media Relations)

Beth.Oates@53.com | 313-230-9002

Chris Doll (Investor Relations)

Christopher.Doll@53.com | 513-534-2345

Source: Fifth Third Bank

FAQ

What is Fifth Third Bank's new prime lending rate?

Fifth Third Bank's new prime lending rate is 7.75%.

When was the last change to the prime lending rate by Fifth Third Bank?

The last change was on December 14, 2022, when it increased from 7.00% to 7.50%.

What is the stock symbol for Fifth Third Bancorp?

The stock symbol for Fifth Third Bancorp is FITB.

How long has Fifth Third Bank been operating?

Fifth Third Bank has been operating since 1858.

Why is Fifth Third Bank considered one of the most ethical companies?

Fifth Third Bank has been recognized by Ethisphere’s World’s Most Ethical Companies® for its commitment to ethical business practices.

Fifth Third Bancorp

NASDAQ:FITB

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Banks - Regional
State Commercial Banks
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United States of America
CINCINNATI