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Fifth Third Bancorp - FITB STOCK NEWS

Welcome to our dedicated page for Fifth Third Bancorp news (Ticker: FITB), a resource for investors and traders seeking the latest updates and insights on Fifth Third Bancorp stock.

Fifth Third Bancorp (symbol: FITB) is a diversified financial-services company headquartered in Cincinnati, Ohio. With over $200 billion in assets, the company operates an extensive network of full-service banking branches and ATMs across Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp is dedicated to providing a wide range of financial services, including commercial banking, consumer lending, and investment advisory services.

Fifth Third Bank, a core subsidiary of Fifth Third Bancorp, is committed to innovation and community service. The bank is an affirmative action/equal opportunity employer and prides itself on fostering a diverse and inclusive workplace. Recent achievements include the introduction of new digital banking solutions and strategic partnerships aimed at enhancing customer experience and expanding service offerings.

The company is continually involved in numerous community-building initiatives through the Fifth Third Foundation, which supports various educational, health, and human services programs. Financially, Fifth Third Bancorp maintains a strong balance sheet, with a focus on sustainable growth and shareholder value. The company's commitment to listening to new ideas and responding to customer and community needs underscores its mission to strengthen its service offerings continually.

Stay updated with the latest developments, financial performance, and news related to Fifth Third Bancorp by regularly checking trusted sources like Fifth Third Bank and the Fifth Third Foundation.

News

Fifth Third Bancorp Reports First Quarter 2024 Diluted Earnings Per Share of $0.70

Rhea-AI Summary
Fifth Third Bancorp reported first quarter 2024 diluted earnings per share of $0.70, showcasing stability in deposits, profitability through fee performance growth, disciplined expense management, and strong growth in key areas. The bank saw a decrease in net income compared to the prior quarter and year-ago quarter, impacted by certain items, resulting in a diluted earnings per share of $0.70 with a negative $0.06 impact from these items. Key financial data revealed a 5% increase in average deposits year-over-year, a loan-to-core deposit ratio of 71%, and a CET1 capital increase of 15 bps sequentially to 10.44%. Fifth Third Wealth Advisors surpassed $1 billion in assets under management, and the bank demonstrated stability, profitability, and growth in its financial performance.
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Fifth Third Bancorp Announces Preliminary Results of Annual Shareholders Meeting

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Fifth Third Bancorp (FITB) announces the re-election of directors and shareholder approvals at the Annual Shareholders Meeting. Key directors include Nicholas K. Akins, Evan Bayh III, and Jorge L. Benitez. Shareholders also approved the appointment of Deloitte & Touche LLP as the external audit firm for 2024, executive compensation, and incentive compensation plans.
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Fifth Third and UNC Kenan Institute Launch “Empowering American Cities” Initiative

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Fifth Third (FITB) launches Empowering American Cities with the Kenan Institute to provide local economic insights for business growth. The program offers unique data for decision-making, focusing on midsize cities and Extended Metropolitan Areas.
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Fifth Third Wealth Advisors Surpasses $1 Billion in Assets Under Management

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Fifth Third Bank's independent Registered Investment Advisor, Fifth Third Wealth Advisors, surpasses $1 billion in assets under management in under 18 months. The national practice offers a hybrid model for advisors, combining flexibility with access to trust powers, credit, and planning through Fifth Third.
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J.D. Power Names Fifth Third Bank No. 1 for Retail Banking Experience in Florida

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Fifth Third Bank has been named No. 1 for Retail Banking Customer Satisfaction in Florida by J.D. Power as part of its 2024 U.S. Retail Banking Satisfaction Study. Customers rated Fifth Third No. 1 in trust, staff, account offerings, and value. The Bank aims to be the most valued and trusted, with a strong presence in Florida and plans for further expansion.
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Fifth Third Bank Recognized Among 2024 Top Workplaces USA

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Fifth Third Bank receives the Top Workplaces USA award for the third consecutive year, showcasing its commitment to an engaging and inclusive culture. Over 11,000 employees participated in the survey, highlighting the positive work environment and strong employee engagement at Fifth Third.
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Fifth Third named one of the World’s Most Ethical Companies® by Ethisphere for the fifth time

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Fifth Third Bank has been named to the 2024 World's Most Ethical Companies® list by Ethisphere for the fifth time, highlighting its dedication to business integrity. With only four banks worldwide recognized in 2024, Fifth Third stands out for its ethical standards and commitment to trust and value.
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New $1.1 Million Investment from Fifth Third Foundation Advances NMSDC Centers of Excellence Certificate Program

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NMSDC and Fifth Third extend the Centers of Excellence Certificate Program (COECP) until 2026, with an additional $1.1 million sponsorship. The program aims to support minority business enterprises in securing larger contracts and fostering partnerships. The 2023 COECP graduates include participants from various regional affiliates.
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Fifth Third Bancorp to Participate in the RBC Capital Markets Financial Institutions Conference

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Fifth Third Bancorp (FITB) will participate in the 2024 RBC Capital Markets Financial Institutions Conference with Tim Spence and Bryan Preston representing the company. The event will be held on March 6, 2024, at 8:00 AM ET, with live webcast and presentation slides available for viewing. The slides will also be accessible for 14 days post-conference on the Investor Relations section of www.53.com.
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Fifth Third Opens Tampa, FL-based Fifth Third Wealth Advisors Office

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Fifth Third Bank opens new Wealth Advisors office in Tampa, FL, offering flexible investment management platform and additional services. Targeting advisors with over $1 billion books of business nationwide, the office provides complete back-office support and seamless transition for advisors.
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FAQ

What is the current stock price of Fifth Third Bancorp (FITB)?

The current stock price of Fifth Third Bancorp (FITB) is $42.93 as of December 20, 2024.

What is the market cap of Fifth Third Bancorp (FITB)?

The market cap of Fifth Third Bancorp (FITB) is approximately 28.4B.

What services does Fifth Third Bancorp offer?

Fifth Third Bancorp offers commercial banking, consumer lending, and investment advisory services.

Where is Fifth Third Bancorp headquartered?

Fifth Third Bancorp is headquartered in Cincinnati, Ohio.

How many assets does Fifth Third Bancorp manage?

Fifth Third Bancorp manages over $200 billion in assets.

In which states does Fifth Third Bancorp operate?

Fifth Third Bancorp operates in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

Is Fifth Third Bancorp an equal opportunity employer?

Yes, Fifth Third Bancorp is proud to be an affirmative action/equal opportunity employer.

What community initiatives is Fifth Third Bancorp involved in?

Fifth Third Bancorp is involved in various community-building initiatives through the Fifth Third Foundation, supporting educational, health, and human services programs.

What recent achievements has Fifth Third Bancorp made?

Recent achievements include the introduction of new digital banking solutions and strategic partnerships aimed at enhancing customer experience.

How can I stay updated on Fifth Third Bancorp's latest news?

Stay updated by regularly checking trusted sources like Fifth Third Bank and the Fifth Third Foundation.

What is the mission of Fifth Third Bancorp?

The mission of Fifth Third Bancorp is to continually strengthen its service offerings by listening to new ideas and responding to customer and community needs.

How does Fifth Third Bancorp ensure sustainable growth?

Fifth Third Bancorp maintains a strong balance sheet with a focus on sustainable growth and shareholder value.

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Fifth Third Bancorp

Nasdaq:FITB

FITB Rankings

#416 Ranked by Market Cap
#923 Ranked by Dividends

FITB Stock Data

28.44B
667.10M
0.58%
86.52%
3.27%
Banks - Regional
State Commercial Banks
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United States of America
CINCINNATI