Articles from Fifth Third Bancorp

Fifth Third Bancorp (NASDAQFITB):

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Goldman Sachs U.S. Financial Services Conference on December 11, 2024 at approximately 8:00 AM ET. Tim Spence, chairman, chief executive officer and president, and Bryan Preston, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (Nasdaq: FITB) is expected to report financial results and host conference calls to discuss results on the following dates:

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 BancAnalysts Association of Boston Conference on November 8, 2024 at approximately 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.

Fifth Third Bancorp (NASDAQFITB):

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the “Bank”), has submitted a redemption notice to the issuing and paying agent for redemption of all of the Bank’s outstanding 5.852% fixed-to-floating rate senior notes due October 27, 2025 (CUSIP 31677QBT5) issued in the principal amount of $1.0 billion. The Bank notes will be redeemed on or after the first business day following the October 27, 2024 redemption date pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Barclays Global Financial Services Conference on September 11, 2024, at approximately 7:30 AM ET. Tim Spence, chairman, chief executive officer and president, and Bryan Preston, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (NASDAQFITB):

Fifth Third Bancorp (Nasdaq: FITB) today released its preliminary stress capital buffer requirement resulting from the Federal Reserve Board’s (“FRB”) annual bank stress test. Fifth Third’s preliminary stress capital buffer under the FRB severely adverse scenario is 3.2%, effective October 1, 2024. Fifth Third's Common Equity Tier 1 (“CET1”) ratio at March 31, 2024 of 10.5% significantly exceeds the regulatory minimum of 4.5% plus the stress capital buffer, reflecting strong capital levels.

Today, Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024, at approximately 7:25 AM ET. Bryan Preston, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Bernstein Strategic Decisions Conference on May 29, 2024, at approximately 3:30 PM ET. Tim Spence, chairman, chief executive officer and president, will represent the Company.

Fifth Third Bancorp (NASDAQFITB):

Fifth Third Bancorp (Nasdaq: FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected:

Today, Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 RBC Capital Markets Financial Institutions Conference on March 6, 2024, at approximately 8:00 AM ET. Tim Spence, chairman, chief executive officer and president, and Bryan Preston, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (NASDAQFITB):

Fifth Third Bancorp received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Fifth Third joins the ranks of 545 U.S. companies that earned a 100 score and designated a 2023 “Equality 100: Leader in LGBTQ+ Workplace Inclusion” award recipient.

Fifth Third Bancorp (Nasdaq: FITB) today announced the following executive leadership changes that will take effect January 2, 2024.

Today, Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2023 Goldman Sachs U.S. Financial Services Conference on December 6, 2023 at approximately 8:00 AM ET. Tim Spence, president and chief executive officer, and Jamie Leonard, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2023 BancAnalysts Association of Boston Conference on November 3, 2023 at approximately 7:30 AM ET. Jamie Leonard, executive vice president and chief financial officer, and Bryan Preston, executive vice president and treasurer, will represent the Company.

Fifth Third Bancorp (NASDAQFITB):

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2023 Barclays Global Financial Services Conference on September 13, 2023, at approximately 7:30 AM ET. Tim Spence, president and chief executive officer, and Jamie Leonard, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (Nasdaq: FITB) today announced the appointment of Laurent Desmangles and Kathleen Rogers as independent directors of Fifth Third Bancorp, effective immediately.

Fifth Third Bancorp (NASDAQFITB):

Fifth Third Bancorp (Nasdaq: FITB) is expected to report financial results and host conference calls to discuss results on the following dates:

Fifth Third Bancorp (Nasdaq: FITB) today published its 2022 Sustainability Report. The report is an annual update on the Company’s progress against its five sustainability priorities: keeping the customer at the center, strengthening its communities, delivering on its commitment to employees, promoting inclusion and diversity, and addressing climate change.

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) announced today that, after June 30, 2023, 3-month CME Term SOFR, as administered by CME Group Benchmark Administration, Ltd. (or any successor administrator) plus a tenor spread adjustment of 0.26161% (“SOFR Rate”), will be the replacement reference rate for certain outstanding floating rate or fixed-to-floating rate preferred stock represented by depositary shares, capital trust securities, and preferred stock issued by Fifth Third Bancorp, First Charter Capital Trust I and First Charter Capital Trust II that use 3-month U.S. dollar LIBOR (“USD LIBOR”) as the reference rate and are governed by U.S. law (the “LIBOR Securities”):

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2023 Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2023, at approximately 8:00 AM ET. Tim Spence, president and chief executive officer, and Jamie Leonard, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (NASDAQFITB) is pleased to announce the acquisition of Rize Money, Inc., an embedded payments platform that provides payment infrastructure and risk management capabilities to fintechs and other technology companies that want to offer innovative financial products through a single application programming interface.

Fifth Third Bancorp (NASDAQFITB) today announced it has closed the acquisition of Big Data LLC, a technology solutions provider for healthcare payments and remittance. The transaction adds national healthcare revenue cycle capabilities, addressing the complex and complicated needs of clients, while building on Fifth Third’s legacy of digital innovation and focus on the healthcare sector.

Fifth Third Bank (NASDAQFITB): 

Fifth Third Bancorp (Nasdaq: FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected:

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (NASDAQFITB) today announced a definitive agreement to acquire Big Data Healthcare, a technology solutions provider for healthcare payments and remittance. This transaction adds national healthcare revenue cycle capabilities, addressing the complex and complicated needs of clients, while building on Fifth Third’s legacy of digital innovation and focus on the healthcare sector.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2023 RBC Capital Markets Financial Institutions Conference on March 8, 2023, at approximately 8:00 AM ET. Tim Spence, president and chief executive officer, and Jamie Leonard, executive vice president and chief financial officer, will represent the Company.

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 Goldman Sachs U.S. Financial Services Conference on December 7, 2022 at approximately 8:00 AM ET. Tim Spence, president and chief executive officer, and Jamie Leonard, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 BancAnalysts Association of Boston Conference on November 4, 2022 at approximately 11:20 AM ET. Tim Spence, president and chief executive officer, and Jamie Leonard, executive vice president and chief financial officer, will represent the Company.

Fifth Third Bancorp (NASDAQFITB):

When it comes to your identity and your money, you want to make sure you have the right tools and knowledge to keep them secure. Unfortunately, there often seems to be new (and old) ways to try to swindle people.

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 Barclays Global Financial Services Conference on September 14, 2022, at approximately 7:30 AM ET. Tim Spence, president and chief executive officer, will present on behalf of the Company and will be joined by Jamie Leonard, executive vice president and chief financial officer.

Fifth Third Private Bank, a division of Fifth Third Bank, National Association, today announced the release of its collaborative research with the National Center for the Middle Market, housed at The Ohio State University Max M. Fisher College of Business. The research provides insights on the personal dynamics and drivers of middle market business transitions.

Fifth Third Bancorp (Nasdaq: FITB) is expected to report financial results and host conference calls to discuss results on the following dates:

Fifth Third Private Bank, a division of Fifth Third Bank, National Association, was named Best Private Bank for High Net Worth Clients by The Digital Banker and Global Private Banker as part of the Global Private Banking Innovation Awards 2022. In addition, the Private Bank was named Highly Acclaimed in the following additional categories: Best Private Bank for Client Experience, Best Private Bank for Succession Planning, and Best Account Opening and Onboarding Services by a Private Bank.

Fifth Third Bancorp (NASDAQFITB):

Building upon its progress in leading the transition to a sustainable and inclusive future for all, Fifth Third today announced a new $100 billion environmental and social finance target to be achieved through 2030.

Fifth Third Bancorp (Nasdaq: FITB) today released its indicative stress capital buffer requirement resulting from the Federal Reserve Board’s (“FRB”) 2022 Comprehensive Capital Analysis and Review results incorporating the FRB’s supervisory severely adverse scenario published in February 2022. Fifth Third’s indicative stress capital buffer under this scenario remains at the minimum level of 2.5%, effective October 1, 2022. Fifth Third's Common Equity Tier 1 (CET1) ratio significantly exceeds the regulatory minimum (4.5%) plus our stress capital buffer, reflecting our strong capital levels.

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 Morgan Stanley US Financials, Payments & CRE Conference on June 15, 2022, at approximately 8:00 AM ET. Tim Spence, president, will present on behalf of the Company and will be joined by Jamie Leonard, executive vice president and chief financial officer.

Fifth Third Bancorp (NASDAQFITB) today announced it has closed on the acquisition of Dividend Finance, a leading fintech point-of-sale (POS) lender, providing financing solutions for residential renewable energy and sustainability-focused home improvement.

Fifth Third today announced six new operational sustainability targets to be achieved by 2030. These targets build upon the Bank’s initial five goals set in 2017, which established the foundation for Fifth Third to reduce the environmental impact in its own operations. The 2017 goals were to purchase 100% renewable power and to reduce its energy use, greenhouse gas emissions, water use and waste sent to landfills by 2022.

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 Barclays Americas Select Franchise Conference on May 10, 2022, at approximately 5:00 AM ET. Tim Spence, president, will present on behalf of the Company and will be joined by Jamie Leonard, executive vice president and chief financial officer.

Fifth Third Bancorp (NASDAQFITB):

Fifth Third Bancorp today announced it will raise its minimum wage to $20 per hour beginning July 4. Concurrently, the Bank will provide a wage adjustment for its first four job levels that are above the Bank’s new minimum wage. In total, more than 40% of the Bank’s workforce will receive a midyear compensation increase.

Fifth Third Bancorp (NASDAQFITB) announced today that Greg Carmichael has elected to retire as chief executive officer effective July 5. At that time, Carmichael will become executive chairman, continuing to lead the Board of Directors and provide advice and counsel to the CEO. Tim Spence will succeed Carmichael as Fifth Third’s CEO.

Fifth Third Bancorp (Nasdaq: FITB) has announced it will hold its Annual Shareholders Meeting virtually on Tuesday, April 12, at 11:30 a.m. eastern time.

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) today published its second Task Force on Climate-related Financial Disclosures Report. The 2021 TCFD Report demonstrates the Company’s progress in implementing the TCFD’s recommendations and summarizes the Bank’s advancement in climate-related disclosures since its inaugural report in late 2019.

Fifth Third Bancorp (NASDAQ ®: FITB):

Fifth Third Bancorp today announced a definitive agreement to acquire Dividend Finance, a leading fintech point-of-sale (POS) lender, providing financing solutions for residential renewable energy and sustainability-focused home improvement.

Fifth Third Bank’s Community Development Lending and Investments group has closed on more than $500 million in loans and investments in 2021. The financing provided for over 6,000 units of new and preserved housing for low- and moderate-income people, including families and seniors. In addition, over six loans and investments went to development projects that will provide jobs and services for communities in the Bank’s footprint.

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) today announced that it has submitted a redemption notice to the trustee for redemption of all of its outstanding 3.500% fixed rate senior notes due March 15, 2022 (CUSIP 316773CL2) issued in the principal amount of $500 million. The notes will be redeemed on February 13, 2022 pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. The redemption price will become due and payable on the first business day after the redemption date (with the same force and effect as if made on the redemption date).

Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2021 Goldman Sachs U.S. Financial Services Conference on December 8, 2021 at approximately 8:40 AM ET. Tim Spence, president, will present on behalf of the Company and will be joined by Jamie Leonard, executive vice president and chief financial officer.

Fifth Third Bancorp (Nasdaq: FITB) today announced that its 2020 Environmental, Social and Governance Report, published in June 2021, has earned five MarCom Awards. The 2020 ESG Report won platinum awards, the highest honor possible, in three categories: Annual Reports (Corporate Social Responsibility), Annual Reports (Writing), and Annual Reports (Design). It also earned gold recognition for interior design and an honorable mention for cover design.

Fifth Third Bancorp (Nasdaq: FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the “Bank”), has submitted a redemption notice to the issuing and paying agent for redemption of all of the Bank’s outstanding floating rate senior notes due February 1, 2022 (CUSIP 31677QBQ1) issued in the principal amount of $300 million. The Bank notes will be redeemed on January 3, 2022 pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

Fifth Third Bank, National Association, today announced that Craig Harter has joined the Bank as head of auto lending. Fifth Third is one of the largest bank originators of indirect auto loans in the country, with an extensive dealer network across more than 40 states.

As part of its commitment to be a leader in sustainability, Fifth Third Bancorp today settled the issuance of its inaugural Green Bond for $500 million. The proceeds will fund green projects that align with the Company’s sustainability priorities, as outlined in the Fifth Third Bancorp Sustainable Bond Framework. With this issuance, Fifth Third is the first U.S. financial institution under $250 billion in assets to issue an ESG bond of any type.