QUOTE AND NEWS
DailyFinance  Apr 3  Comment 
MALVERN, PA -- (Marketwired) -- 04/03/14 -- Ricoh today announced that Fifth Third Bank, a diversified financial services company that is among the leading money managers in the Midwest, has transformed its in-plant operations by tapping...
TheStreet.com  Mar 27  Comment 
NEW YORK (TheStreet) -- Fifth Third Bancorp  dipped Thursday after the company announced the Board of Governors of the Federal Reserve System did not object to Fifth Third's Comprehensive Capital Analysis and Review (CCAR) plan for the period...
Benzinga  Mar 26  Comment 
Fifth Third Bancorp (NASDAQ: FITB) announced today that the Board of Governors of the Federal Reserve System (“the Federal Reserve”) did not object to the proposed potential capital actions from April 1, 2014 through March 31, 2015 (the...
HedgeFundBlogger.com by Richard Wilson  Mar 19  Comment 
Citadel Advisors Purchases Millions of Shares in Fifth Third Bancorp Citadel Advisors, one of the nation's biggest hedge funds with $77 billion in assets under management, is pleased to announce the acquisition of millions of shares in Fifth...
StreetInsider.com  Mar 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Fifth+Third+Bancorp+%28FITB%29+Declares+%240.12+Quarterly+Dividend%3B+2.1%25+Yield/9293508.html for the full story.
TheStreet.com  Mar 11  Comment 
NEW YORK (TheStreet) -- Discover Financial Services and Fifth Third Bancorp should be very well-positioned for higher payout ratios following the Federal Reserve's stress tests and capital plan reviews, according to Janney Capital Markets...
StreetInsider.com  Feb 24  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Fifth+Third+%28FITB%29%2C+TSYS+%28TSS%29+Update+on+Credit+Reporting+Error/9208242.html for the full story.
Banking Business Review  Feb 13  Comment 
Fifth Third Bank and Diebold are teaming up to deliver a new mixed-media deposit automation terminal located in the bank's Madisonville, Ohio campus.
StreetInsider.com  Feb 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Susquehanna+Upgrades+Fifth+Third+Bancorp+%28FITB%29+to+Positive+%28Earlier%29/9144897.html for the full story.
TheStreet.com  Feb 6  Comment 
NEW YORK (TheStreet) -- shares of Fifth Third Bancorp are in a "sweet spot," according to Bank of America Merrill Lynch analyst Erika Najarian, who also sees the stock as a good defensive play. For bank stock investors, 2014 so far has brought a...




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With more than $100 billion in assets and just over 21,000 employees, Fifth Third Bancorp is one of the top 15 banks in the country on numerous metrics. The Cincinnati-based company operates 18 affiliates, with 1,167 branches and over 2,130 ATMs (on its proprietary Jeanie network) in the Midwest, Arizona, and Florida. FITB now classifies its services into five segments: Branch Banking, Consumer Lending, Commercial Banking, Investment Advisory Services, and Electronic Payment Processing. Branch Banking (36% of segment net revenues in 2006) provides deposit services, loans, and credit cards to retail consumers, while Consumer Lending (11%) includes mortgage and home equity lending and other indirect lending. Commercial Banking (31%) includes general banking, cash management, and financial services offered to businesses and government agencies. Investment Advisory Services (9%) consists of proprietary mutual funds, securities brokerage, and asset management services, while electronic funds transfer and merchant transaction processing services comprise the Electronic Payment Processing segment (14%). Non-interest income accounted for 46% of core net revenue in 2006.

As management has stated repeatedly, deposit growth is a top priority at Fifth Third. FITB's expansion strategy has a clear retail focus, involving a combination of de novo branching and acquisitions. De novo expansion continues, with FITB opening 31 net new locations in 2006 (and 63 in 2005). Acquisition activity remains slow, as sellers' expectations are high, but FITB continues to look at deals. In January 2005, FITB acquired First National Bankshares of Florida, adding nearly $4 billion in loans and deposits to its Florida franchise. The FLB deal greatly expanded FITB's presence in Florida, increasing its Florida franchise to nearly 100 full-service locations. On May 21, 2007, FITB announced that it has signed a definitive agreement to acquire R-G Crown Bank from R-G Financial Corp that operates 30 bank branches in the Sunshine State, as well as three in Augusta, Georgia. More recently, on August 16, 2007,Fifth Third Bancorp announced the acquisition of First Charter Corp., expanding its footprint in the North Carolina and Atlanta markets.

Real estate loans (including commercial and consumer, mortgage and construction) accounted for 49% of total loans outstanding at June 30, 2007, followed by commercial (34%), and consumer (16%). The securities portfolio represented 13% of average earning assets in 2Q07, continuing the effect of 4Q06 balance sheet restructuring, and we expect the run-off to continue, albeit slowly. Non-interest-bearing and other low-cost deposits funded 55.5% of average earning assets in the quarter, with time and foreign deposits and borrowings accounting for 22.1% and 20.4% of the funding, respectively. As of June 30, 2007, FITB had $77.4 billion in loans and leases, $69.2 billion in deposits and $101.4 billion in total assets.




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