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Fifth Third Bank, National Association’s nearly 20,000 employees will celebrate Fifth Third Day XXXII by fighting food insecurity in the communities where they live and work. In honor of the companywide celebration on May 3, the Bank will provide 10 million meals across its 11-state retail footprint through a combination of volunteerism, donations and fundraising efforts. “Fifth Third Day reminds us that we have a special responsibility to the communities where we live and work. I’m proud...

Fifth Third Bank (NASDAQ: FITB): Key Financial Data Key Highlights $ millions for all balance sheet and income statement items 1Q23 4Q22 1Q22 Stability: Period-end and average total deposits were flat compared to 4Q22; average core deposits decreased 1% as expected Strong credit quality; net charge-off ratio of 0.26%, 30-89 day early stage delinquencies of 0.26%, and NPA ratio of 0.51% ACL of 1.99%, an increase of 1 bp from 4Q22, including the (4) bps impact of ASU 2022-02 Profitability:...

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: Nicholas K. Akins, executive chairman, retired president, CEO, American Electric Power. Evan Bayh III, senior advisor, Apollo Global Management. Jorge L. Benitez, retired CEO of North America of Accenture plc. Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc. Emerson L. Brumback, retired...

The homeownership journey can be intimidating, especially as mortgage rates have nearly doubled over the past 18 months. To help alleviate concerns about fluctuating rates as the Federal Reserve works to tame inflation, Fifth Third Bank, National Association, is now offering the Rate Drop Protector program. The Rate Drop Protector program allows prospective homebuyers to purchase a home and lock in rates today, knowing that if rates decrease in the future, Fifth Third will waive all applicable...

Fifth Third Bank, National Association, has been awarded on the Fortune list of America’s Most Innovative Companies 2023. This prestigious award is presented by Fortune and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on March 29 and can currently be viewed on the Fortune website. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230328005849/en/ Fifth Third Bank named...

There is no minimum age to talk with your children about money and banking. Kids as young as 3 can understand concepts of money and by age 7, some money habits may already be ingrained. Generation Alpha (those born after 2010) may be too young to be making their own money, but they’re old enough to have a significant influence on their family’s spending decisions. Helping them understand financial basics can sow the seeds of smart money management. Fifth Third Bank, National Association,...

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 8.00%, effective immediately. The rate was last changed on Feb. 1, 2023, when Fifth Third increased its prime lending rate from 7.50% to 7.75% About Fifth Third Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is...

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 declared a cash dividend on its common shares of $0.33 per share for the first quarter of 2023. The dividend is payable on April 17, 2023 to shareholders of record as of March 31, 2023. Fifth Third also declared a cash...

Fifth Third Bank, National Association, today was recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies . Fifth Third has been recognized four times by Ethisphere. In 2023, the list includes 135 honorees in 19 countries across 46 industries. Fifth Third is one of only four banks on the list. This press release features multimedia. View the full release here:...

Fifth Third Bancorp (NASDAQ: FITB) 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. “The healthcare industry is one of the largest and fastest growing segments of the U.S....

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. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations section of www.53.com . Additionally,...

Fifth Third Bank, National Association has received an “Outstanding,” the highest rating possible, on its most recent Community Reinvestment Act performance examination 1 from the Office of the Comptroller of the Currency. Fifth Third received “Outstanding” ratings on each of the examination’s three tests: Lending, Investment and Service. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230213005346/en/ Fifth Third Bank has...

Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.75%, effective immediately. The rate was last changed on Dec. 14, 2022, when Fifth Third increased its prime lending rate from 7.00% to 7.50%. About Fifth Third Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is...

Fifth Third Bancorp (Nasdaq: FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the “ Bank ”), successor-in-interest to MB Financial Bank, National Association (“ MB ”), has submitted a redemption notice to the paying agent for redemption of all of the outstanding MB fixed-to-floating rate subordinated notes due December 1, 2027 (CUSIP 55266C XM3) issued in the principal amount of $175 million. The notes will be redeemed on March 1, 2023 pursuant to their...

Whether it is groceries, gas, paying rent or buying a car, inflation has affected the cost of everyday needs. Finding ways to stretch your income is critical during periods of high inflation to avoid getting into debt or having to dip into savings to make ends meet. Fifth Third recognizes that customers have less purchasing power right now and offers the following tips, products and services to assist with budgeting during inflation. Decide where you can cut back The first step to control your...

Fifth Third Bank (NASDAQ: FITB): Key Financial Data Key Highlights $ millions for all balance sheet and income statement items (fourth quarter 2022 except where noted) 4Q22 3Q22 4Q21 Select Business Highlights: Generated consumer household growth of 2.5% compared to 4Q21 Repurchased shares totaling $100 million Named to Top 25 of America's Most JUST Companies by JUST Capital and CNBC Launched Fifth Third Wealth Advisors, an independent registered investment advisor Select Financial Highlights:...

Nine private family foundations in The Foundation Office at Fifth Third Bank, National Association, announced grants totaling more than $6.5 million in 2022. Grants were awarded to organizations that focus on education, arts and culture, civic and community programs, health and human services, and community reinvestment activities that benefit low- to moderate-income earners, small businesses, affordable housing, financial literacy and workforce development efforts. “It is our honor to guide...

JUST Capital, along with media partner CNBC, today released the 2023 Rankings of America’s Most JUST Companies, including the marquee JUST 100. The rankings are the only comprehensive evaluation of how the nation’s largest corporations perform on the issues that matter most to Americans today, including creating jobs in the U.S., paying a fair living wage, acting with integrity at the leadership level, supporting workforce retention and training, protecting worker health and safety,...

Fifth Third Bank, National Association, today announced the opening of its fifth commercial banking office in California with a new location in San Diego. Located in Carmel Valley, the office covers San Diego County and is staffed by a locally based team with a longstanding history in the region. “At Fifth Third, we look to be the banking partner of choice,” said Kevin Lavender, head of commercial banking at Fifth Third Bank. “Our focus on relationship banking positions us to provide...

To ensure its customers have access to their own money as soon as possible, Fifth Third Bank, National Association, today announced that it will have the ability to provide customers with their federal tax refund up to five days earlier. According to the IRS, 9 out of 10 consumers who file electronically and who choose to receive their refund by direct deposit get their money in less than 21 days. That means Fifth Third Momentum ® Checking Customers can use Fifth Third’s Early Pay 1 to...