Introduction
Fifth Third Bancorp, headquartered in Cincinnati, Ohio, stands as a prominent player in the financial services sector, serving as the indirect parent company of Fifth Third Bank, National Association. Established in 1858, the bank has evolved into a diversified financial institution, boasting significant assets and a widespread presence across multiple states. This comprehensive exploration delves into various aspects of Fifth Third Bank, covering its history, leadership, financial performance, stock information, accolades, and recent news.
Table of Contents
About Fifth Third Bank
Fifth Third Bancorp, with assets totaling $211 billion as of March 31, 2022, operates 1,079 full-service Banking Centers and 2,201 Fifth Third branded ATMs. Its geographical footprint spans Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Additionally, customers have access to approximately 54,000 fee-free ATMs across the United States.
Leadership Insight
Tim Spence – President of Fifth Third Bancorp
Tim Spence serves as the President of Fifth Third Bancorp, overseeing all business lines and regions. With a strategic vision, Spence plays a pivotal role in shaping the bank’s trajectory. His leadership is reflected in the bank’s commitment to delivering exceptional financial services.
Kala Gibson – Executive Vice President and Chief Corporate Responsibility Officer
Kala Gibson, in his role as Executive Vice President and Chief Corporate Responsibility Officer, contributes to Fifth Third Bank’s commitment to corporate social responsibility. His responsibilities include overseeing initiatives that align the bank’s operations with social and environmental responsibility.
Key Information
Industry: Banks
Founded: 1858
Headquarters: Cincinnati, Ohio
Country/Territory: United States
Chief Executive Officer: Tim Spence
Employees: 20,000
Recognition and Awards
In 2024, Fifth Third Bank secured the #223 position for Best Customer Service, reflecting its dedication to providing an excellent customer experience. Moreover, the bank has been recognized among America’s Best Employers By State, showcasing its commitment to creating a positive workplace environment.
Financial Overview
Fifth Third Bank Financial Summary
The financial health of Fifth Third Bank is robust, with a summary indicating:
- Revenue: $10.4 billion
- Assets: $208.7 billion
- Profits: $2.5 billion
Stock Information
Fifth Third Bank (FITB) Stock Key Data
Understanding the stock performance is crucial for investors. As of the latest data:
- Previous Close: $33.27
- Open: $33.32
- Day’s Range: $33.32 – $33.98
- Volume: 3,680,929
- 52 Week Range: $22.11 – $36.67
- Market Cap: $23.14 billion
- P/E Ratio (ttm): 10.55
- Forward P/E: 10.74
- Dividend Yield: 4.21%
- Ex-Dividend Date: Dec 28, 2023
For more detailed market data, visit S&P Global.
Related Links
- Related by Industry: Huntington Bank
- Located in Cincinnati-Middletown, OH-KY-IN Metropolitan Area: Cincinnati Reds
Recent News
In the dynamic world of finance and business, staying abreast of recent developments is crucial. Here are some noteworthy news pieces related to Fifth Third Bank:
- Jennifer Lopez Reflects On Past Relationships, ‘This Is Me… Now’ Film In ‘The Greatest Love Story Never Told’ Documentary – Feb 28, 2024
- Blue Jays And Yankees Counting On Improvement By Alek Manoah And Carlos Rodon – Feb 28, 2024
- ‘Shogun’ Episode 1 ‘Anjin’ Review: A Captivating Series Premiere – Feb 28, 2024
Conclusion
In conclusion, Fifth Third Bank stands as a formidable force in the financial landscape, combining a rich history with a commitment to innovation and customer satisfaction. Led by President Tim Spence and supported by dedicated leaders like Kala Gibson, the bank continues to make significant strides in the industry. Its financial performance, accolades, and recent news showcase a dynamic and resilient institution that remains a key player in the ever-evolving world of finance. Investors, customers, and industry observers alike can find assurance in Fifth Third Bank’s unwavering commitment to excellence.
