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Fifth Third Bancorp (FITB)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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33.34-0.26 (-0.77%)
As of 12:05PM EDT. Market open.

Fifth Third Bancorp

Fifth Third Center
38 Fountain Square Plaza
Cincinnati, OH 45263
United States
800 972 3030
https://www.53.com

Sector(s):Β Financial Services
Industry:Β Banksβ€”Regional
Full-time employees:Β 19,247

Key executives

NameTitlePayExercisedYear born
Mr. Gregory D. CarmichaelChairman & CEO4.78M3.58M1962
Mr. Timothy N. SpencePres1.97MN/A1979
Mr. James C. Leonard CPAExec. VP & CFO1.52MN/A1970
Mr. Kevin Patrick LavenderExec. VP & Head of Commercial Banking1.37M154.13k1962
Mr. Mark D. HazelExec. VP, Controller & Principal Accounting OfficerN/AN/A1966
Mr. Rob SchipperHead of Investment Banking & MDN/AN/AN/A
Mr. Jude A. SchrammExec. VP & Chief Information OfficerN/AN/A1974
Mr. Christopher DollDirector of Investor RelationsN/AN/AN/A
Ms. Susan B. Zaunbrecher J.D.Exec. VP & Chief legal OfficerN/AN/A1961
Ms. Melissa S. StevensExec. VP, Chief Digital Officer and Head of Digital, Marketing, Design & InnovationN/AN/A1975
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses. The company's Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. Fifth Third Bancorp's Wealth & Asset Management segment provides various investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. As of December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

Corporate governance

Fifth Third Bancorp’s ISS governance QualityScore as of 1 June 2022 is 4. The pillar scores are Audit: 5; Board: 6; Shareholder rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.