Fifth Third Bancorp - FITB STOCK NEWS

Fifth Third Bank's "Feeding Our Communities" initiative provided over 4.6 million meals in May to combat hunger. This monthlong effort included virtual volunteer activities by employees and monetary donations. The initiative aligns with Fifth Third's commitment to social responsibility and addresses increasing food insecurity, especially due to the pandemic. In regions like Greater Cincinnati, employees participated in food drives and donations, significantly impacting local food banks. This initiative is part of Fifth Third's broader environmental, social, and governance strategy.

Fifth Third Bancorp (Nasdaq: FITB) announced cash dividends for its various shares, including $0.27 per common share for Q2 2021, payable on July 15, 2021, to shareholders on record as of June 30, 2021. Preferred shareholders also benefit from dividends on Series H at $637.50, Series I at $414.06, Series J at $210.4375, Series K at approximately $309.375, Series L at $281.25, and Class B Series A at $15.00, all payable on June 30, 2021, to shareholders on record as of June 28, 2021.

Fifth Third Community Development Corp. is investing an additional $2.5 million in First Independence Bank, elevating its total investment to $5.5 million. This makes Fifth Third the largest investor in the minority depository institution. The investment aims to bolster community development and economic opportunities in minority communities, enabling the creation of over $50 million in new loans. This initiative aligns with Fifth Third's Accelerating Racial Equality, Equity and Inclusion strategy, further supporting financial literacy and community investment.

Fifth Third Bancorp (Nasdaq: FITB) has scheduled its financial results announcements and conference calls for 2022. The dates are as follows: Fourth Quarter on January 20, First Quarter on April 19, Second Quarter on July 21, and Third Quarter on October 20. Each financial result will be announced at approximately 6:30 AM ET, with calls starting at 9:00 AM ET, accessible via the Fifth Third Investor Relations website. As of March 31, 2021, the company reported $207 billion in assets, managing $464 billion across its financial services segments.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2021 Morgan Stanley US Financials, Payments & CRE Conference on June 16, 2021, at 8:00 AM ET. CEO Greg Carmichael and CFO Jamie Leonard will represent the company. The conference presentation will be available via live audio webcast and for 14 days thereafter on the Investor Relations section of the company’s website. Fifth Third Bancorp, based in Cincinnati, operates 1,098 banking centers and manages $464 billion in assets under care as of March 31, 2021.

Fifth Third Bank has expanded its Down Payment Assistance program, providing up to $3,600 for low- and moderate-income families purchasing homes in eligible communities. This initiative addresses financial barriers that hinder homeownership, especially in low-income areas. Since 2016, the bank has allocated over $15 million assisting more than 4,500 individuals in home purchases. By increasing eligibility, Fifth Third aims to strengthen community stability and enhance homeownership potential.

Fifth Third Bank has joined the Ceres Company Network, enhancing its commitment to sustainability. This membership allows the bank to collaborate with 60 other companies focused on achieving significant sustainability goals and improving operational resiliency. Chairman and CEO Greg D. Carmichael emphasized the importance of this step in leading regional banks towards a sustainable future. Notably, Fifth Third has achieved carbon neutrality for its 2020 operations, establishing itself as a pioneer in its peer group.