Fifth Third Bancorp - FITB STOCK NEWS

Fifth Third Bank has introduced six hyper-fast electric vehicle (EV) charging stations at its eTown Banking Center in Jacksonville, Florida, marking a first for its network. The charging stations, implemented through a collaboration with Electrify America, are publicly available and can be accessed through Electrify America's mobile app. The bank currently offers 72 EV charging ports across its footprint and continues to expand its solar capacity, with the eTown location being one of more than 25 solar-powered branches. The 1,900-square-foot eTown Banking Center showcases a modern, sustainable design that integrates digital banking with in-person services.

Fifth Third Private Bank has been recognized as the Best Private Bank in North America for Customer Service at the 2024 Global Private Banking Awards in London. The awards, organized by Financial Times' publications The Banker and Professional Wealth Management, evaluate private banking groups based on qualitative and quantitative information.

The bank has also received multiple other accolades, including Best Private Bank for High Net Worth Clients globally (third consecutive year), Best Private Bank for Succession Planning globally, and Best Private Bank (US, Regional) for the fifth consecutive year. These recognitions highlight Fifth Third's commitment to client service excellence and financial success.

Fifth Third Bank announced an immediate decrease in its prime lending rate to 7.75%. This marks the second recent reduction in the prime rate, following a previous decrease from 8.50% to 8.00% on September 18, 2024.

Fifth Third Wealth Advisors announces expansion in Charlotte, North Carolina, with the addition of a new advisor team previously managing $2 billion in client assets. The team includes Scott Bailey, Scott Cislo, and Murray Kinlaw as Managing Directors. The firm now operates in eight states with nine advisor teams, serving clients nationwide. According to independent research, Fifth Third Wealth Advisors ranks among the top 500 independent RIAs in the US and projects to become a top 100 independent RIA firm by the end of 2025.

Fifth Third Bancorp (FITB) has announced its earnings release schedule for 2026. The bank will report financial results and host conference calls on: January 22 (Q4 2025), April 23 (Q1 2026), July 23 (Q2 2026), and October 22 (Q3 2026). Financial results will be available at 6:30 AM ET on each date, with conference calls starting at 8:00 AM ET. The calls will be webcast live through Fifth Third's Investor Relations website, with replay access available afterward.

Fifth Third Bancorp (Nasdaq: FITB) has announced its participation in the 2024 BancAnalysts Association of Boston Conference on November 8, 2024, at 9:00 AM ET. Jamie Leonard, executive vice president and chief operating officer, and Bryan Preston, executive vice president and chief financial officer, will represent the company. The presentation will be available via audio webcast through the Investor Relations section of www.53.com for approximately 14 days after the conference. Fifth Third, established in 1858, is recognized among Ethisphere's World's Most Ethical Companies® and focuses on providing innovative financial services to improve lives while maintaining its commitment to customers, employees, communities, and shareholders.

Fifth Third Bank has partnered with Community Reinvestment Fund, USA (CRF) to launch the Small Business Catalyst Fund, a $7.85M investment initiative. The fund aims to support small businesses across Fifth Third's 11-state footprint through a combination of grants, micro loans, and small business loans ranging from $5,000 to $750,000. The program involves collaboration with Community Development Financial Institutions (CDFIs), including ECDI and Ascendus, to provide capital access to entrepreneurs who historically faced funding barriers. The initiative builds on Fifth Third's neighborhood program, which has delivered over $13.5M in small business lending since 2021.

Fifth Third Bank has been recognized on Forbes' Best for Customer Service 2025 list for the second consecutive year. The recognition is based on a comprehensive survey conducted by HundredX, involving over 200,000 U.S. participants who provided 4.2 million evaluations across more than 3,000 brands. The survey assessed brands on four key aspects of customer service: people, speed, services, and resolution. Chief Operating Officer Jamie Leonard emphasized the bank's commitment to placing customers at the center of their operations, focusing on delivering exceptional experiences across branch locations, online platforms, and mobile applications.

Fifth Third Bancorp (NASDAQ: FITB) reported third quarter 2024 diluted earnings per share of $0.78. Key highlights include:

• Net income available to common shareholders was $532 million, down from $561 million in the previous quarter and $623 million a year ago.
• Net interest income increased 2% sequentially to $1.427 billion, while noninterest income grew by 2% to $711 million.
• Noninterest expense rose 2% to $1.244 billion.
• Key growth areas included a 12% increase in Wealth & Asset Management revenue and a 10% rise in Commercial Payments revenue year-over-year.
• Common stock dividend was raised by 6%, and a $200 million share repurchase was executed.

Despite these gains, the net charge-off ratio was 0.48%, slightly down from 0.49% in the prior quarter. The CET1 capital ratio improved to 10.75%, and the efficiency ratio was 58.2%, showing disciplined expense management.