NEW YORK--(BUSINESS WIRE)--The National Minority Supplier Development Council (NMSDC) and Fifth Third today announce the continuance of NMSDC’s innovative Centers of Excellence Certificate Program (COECP) through 2026. The COECP facilitates the development and growth of NMSDC-certified minority business enterprises, prepares them to compete for larger contracting opportunities and facilitates opportunities for strategic partnerships, mentoring and networking. The Fifth Third Foundation will provide an ad ...

Fifth Third Bancorp (FITB) is well poised to benefit from diversified revenue sources. This, along with rising deposits and loans, is likely to keep supporting balance sheet strength. Yet, mounting operating expenses are likely to hamper profitability to some extent. Also, high exposure to commercial loans remains a concern.Fifth Third has expanded its fee-income base over the years on various strategic acquisitions. The bank completed the acquisition of Big Data LLC in 2023, adding national healthcare reve ...

The following table includes the Bancorp's estimated NII sensitivity profile with an immediate $1 billion decrease and an immediate $1 billion increase in demand deposit balances as of December 31, 2023: | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------|--------------------------------------------------|---------------------- ...

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank today announced the opening of its Tampa, FL-based Fifth Third Wealth Advisors office. “Our adviser teams have the opportunity to take advantage of our flexible investment management platform while also providing access to additional services such as trust powers, credit and planning through Fifth Third Bank,” said Eric Housman, president Fifth Third Wealth Advisors. “We believe we offer the look, feel and nimbleness of an independent boutique backed by a top ...

Investors interested in stocks from the Banks - Major Regional sector have probably already heard of Fifth Third Bancorp (FITB) and Northern Trust Corporation (NTRS) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, a ...

CINCINNATI--(BUSINESS WIRE)--For a second consecutive year, Fifth Third was named to the JUST 100 list, part of JUST Capital and CNBC’s 2024 Rankings of America’s Most JUST Companies. Fifth Third was ranked fifth among the banks evaluated and 45th on the JUST 100 list – 937 companies were assessed. Inclusion in the JUST 100 is a recognition of the Bank’s commitment to its employees, customers, communities, planet and shareholders. “I am proud Fifth Third is again being recognized by JUST Capital as a le ...

RiverNorthPhotography Quick Overview With regional banks in the news again lately, along with the latest Fed meeting in late January, today we wanted to revisit a regional bank stock we covered last fall, Fifth Third Bancorp (NASDAQ:FITB). In both of our last 2 ratings we were bullish, and turned out to be right. Since our June rating of strong buy the stock is up +33%, and since our October buy rating it is up nearly +46%. Fifth Third - price since last rating (Seeking Alpha) So, are we still bullish on th ...

CINCINNATI--(BUSINESS WIRE)--Fifth Third is proud to announce it has been named to Fortune’s 2024 list of the World’s Most Admired CompaniesTM. This accolade is based on feedback from executives, directors, and analysts who rate enterprises in their own industry. “We’re honored to be included on Fortune’s list of Most Admired Companies for the first time,” said Tim Spence, chairman, chief executive officer and president of Fifth Third. “We’ve worked hard to build a company that delivers strong returns fo ...

Table of Contents Table of Contents The Bancorp's net income available to common shareholders for the third quarter of 2023 was $623 million, or $0.91 per diluted share, which was net of $37 million in preferred stock dividends. The Bancorp's net income available to common shareholders for the third quarter of 2022 was $631 million, or $0.91 per diluted share, which was net of $22 million in preferred stock dividends. The Bancorp's net income available to common shareholders for the nine months ended Septem ...

Fifth Third Bancorp and Subsidiaries Notes to Condensed Consolidated Financial Statements (unaudited) 3. Accounting and Reporting Developments Standards Adopted in 2023 The Bancorp adopted the following new accounting standards during the six months ended June 30, 2023: ASU 2022-01 – Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method In March 2022, the FASB issued ASU 2022-01, which clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfol ...