SeekingAlpha  Apr 17  Comment 
Fifth Third Bancorp (FITB) Q1 2014 Results Earnings Conference Call April 17, 2014, 09:30 AM ET Executives Jim Eglseder - Investor Relations Kevin T. Kabat - Vice Chairman and CEO Tayfun Tuzun - EVP and CFO James C. Leonard - SVP...
TheStreet.com  Apr 17  Comment 
NEW YORK (TheStreet) -- Fifth Third Bancorp was falling 4.5% to $20.87 Thursday after missing analysts' estimates for earnings in the first quarter. In the first quarter Fifth Third reported earnings of 36 cents a shares, missing the Capital IQ...
newratings.com  Apr 17  Comment 
WASHINGTON (dpa-AFX) - Fifth Third Bancorp (FITB) Thursday said first-quarter net income available to common shareholders was $309 million or $0.36 per share, compared to $413 million or $0.46 per share in the first quarter of 2013. On average,...
Wall Street Journal  Apr 17  Comment 
Fifth Third Bancorp's first-quarter profit decreased 25% due to a decline in the value of a warrant in its former payment-processing business and a litigation charge.
SeekingAlpha  Apr 16  Comment 
By Wall Street Playbook: With better-than-expected results coming in from large money-center banks like Wells Fargo (WFC) and JPMorgan Chase (JPM), investors in smaller regional banks like Fifth Third Bancorp (FITB) have plenty about which to be...
Forbes  Apr 16  Comment 
Analysts expect decreased profit for Fifth Third Bancorp when the company reports its first quarter results on Thursday, April 17, 2014. Although Fifth Third reported profit of 44 cents a year ago, the consensus estimate calls for earnings per...
DailyFinance  Apr 10  Comment 
Fifth Third Bancorp (NASDAQ: FITB) has published its annual report on corporate social responsibility (CSR). It can be accessed as a website at www.53.com/csrreport and hard copies printed on recycled paper also are available...
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...


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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