Fifth Third Bank

2015 Press Releases

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08/21/15Heather Russell Koenig Named Fifth Third’s Chief Legal Officer
CINCINNATI--(BUSINESS WIRE)--Aug. 21, 2015-- Fifth Third Bancorp (Nasdaq: FITB) announced today that Heather Russell Koenig will become its chief legal officer and corporate secretary and will be joining the Company on Sept. 28, 2015. Koenig will report to Greg D. Carmichael, president, who becomes CEO on Nov. 1, 2015. Koenig’s responsibilities will include overseeing Legal, Government Affairs and Regulatory Affairs This Smart News Release featu... 
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08/06/15Fifth Third Bank Extends More Than $12 Billion in Credit to Business Customers
CINCINNATI--(BUSINESS WIRE)--Aug. 6, 2015-- Fifth Third Bank announced today that it has extended more than $12 billion in new and renewed credit to business customers from April through June 2015. Fifth Third Bank loaned more than $8.5 billion to businesses throughout its footprint during the First Quarter of 2015. Companies who have received loans from Fifth Third Bank during this time period include: Assurance Operatio... 
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07/27/15Fifth Third Bancorp Releases Results of Dodd-Frank Act Mid-Cycle Company-Run Stress Test
CINCINNATI--(BUSINESS WIRE)--Jul. 27, 2015-- Fifth Third Bancorp (Nasdaq: FITB) today disclosed results of its 2015 company-run mid-cycle stress test as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The results are available on Fifth Third’s Investor Relations website at http://ir.53.com by clicking on “Financials & Regulatory Filings” and then “Quarterly & Annual Reports”. The results are also ... 
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07/21/15Fifth Third Announces Second Quarter 2015 Net Income to Common Shareholders of $292 Million, or $0.36 Per Diluted Share
2Q15 net income available to common shareholders of $292 million, or $0.36 per diluted common share Includes a $97 million pre-tax (~$63 million after tax) non-cash impairment charge related to previously announced changes in the branch network and a $14 million pre-tax (~$9 million after tax) positive valuation adjustment on the warrant Fifth Third holds in Vantiv, resulting in a net $0.07 impact o... 
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07/16/15Lars C. Anderson Named Fifth Third’s Chief Operating Officer
Succeeds Greg D. Carmichael, who becomes CEO Nov. 1 CINCINNATI--(BUSINESS WIRE)--Jul. 16, 2015-- Fifth Third Bancorp (Nasdaq: FITB) announced today that Lars C. Anderson will become its executive vice president and chief operating officer and will be joining the Company on Aug. 3, 2015. Anderson will succeed Greg D. Carmichael, Fifth Third’s president and COO, who has been named CEO effective Nov. 1. Anderson will report to Carmichael. ... 
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07/08/15Fifth Third Bancorp Names Greg Carmichael CEO Effective November 2015
Kevin Kabat Announces Retirement CINCINNATI--(BUSINESS WIRE)--Jul. 8, 2015-- The Fifth Third Bancorp board of directors today announced that Greg D. Carmichael, current president and chief operating officer, will become president and chief executive officer effective November 1, 2015. Carmichael was also elected to the board, effective immediately. Carmichael will succeed Kevin T. Kabat, who has informed the board of his intention to r... 
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06/22/15Fifth Third Bancorp Announces Expected Changes to Branch Network
CINCINNATI--(BUSINESS WIRE)--Jun. 22, 2015-- Fifth Third Bancorp (Nasdaq: FITB) today announced plans to pursue changes to its branch network as it works to improve efficiency, competitiveness and the quality of its customers’ experience. “Consumer demographics and our customers’ preferred channels of banking are undergoing significant changes,” said Kevin T. Kabat, vice chairman and chief executive officer of Fifth Third Bancorp. “Technology ... 
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06/16/15Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--Jun. 16, 2015-- Fifth Third Bancorp today declared cash dividends on its common shares, Series H preferred shares, and Series I preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.13 for the second quarter of 2015. The dividend is payable on July 21, 2015 to shareholders of record as of June 30, 2015. Fifth Third also declared a cash dividend on its 5.... 
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06/11/15Fifth Third Bancorp to Announce Second Quarter 2015 Results, Host Conference Call on July 21, 2015 at 9:00 AM
CINCINNATI--(BUSINESS WIRE)--Jun. 11, 2015-- Fifth Third Bancorp (Nasdaq: FITB) is scheduled to report second quarter 2015 financial results on July 21, 2015. The announcement will be available at www.53.com at approximately 6:30 AM ET. The Company will host a conference call at 9:00 AM ET to discuss results. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations websit... 
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05/29/15Fifth Third Appoints Jorge L. Benitez to Bancorp Board of Directors
CINCINNATI--(BUSINESS WIRE)--May 29, 2015-- Fifth Third Bancorp (NASDAQ: FITB) today announced the appointment of Jorge L. Benitez to the Bancorp Board of Directors. “Jorge will be a great addition to the Board and we welcome him,” said James P. Hackett, chairman of the Fifth Third Bancorp Board. “He brings broad experience from his 33-year career at Accenture, including serving as chief executive for North America.” Benitez served... 
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05/27/15Fifth Third Bancorp to Present at the Deutsche Bank 2015 Global Financial Services Investor Conference
CINCINNATI--(BUSINESS WIRE)--May 27, 2015-- Fifth Third Bancorp (Nasdaq: FITB), will present at the Deutsche Bank 2015 Global Financial Services Investor Conference on Tuesday, June 2, 2015 at approximately 10:15 AM (ET). Tayfun Tuzun, executive vice president and chief financial officer will represent Fifth Third. The audio webcast may be accessed live and for approximately 14 days after the conference through the Investor Relations secti... 
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05/12/15Fifth Third Bancorp to Present at the 2015 Barclays Americas Select Franchise Conference
CINCINNATI--(BUSINESS WIRE)--May 12, 2015-- Fifth Third Bancorp will present at the 2015 Barclays Americas Select Franchise Conference on Tuesday, May 19, 2015 at approximately 7:45 AM BST / 2:45 AM EDT. Tayfun Tuzun, executive vice president and chief financial officer will represent Fifth Third. Slides with audio webcast may be viewed live and for approximately 14 days after the conference through the Investor Relations section of www.53... 
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05/04/15Fifth Third Bank Employees Provides More Than 800,000 Meals to Fight Hunger; Fifth Third Day Marked by Fundraising, Food Collections
CINCINNATI--(BUSINESS WIRE)--May 4, 2015-- Fifth Third Bancorp today announced that its more than 18,000 employees celebrated Fifth Third Day by providing more than 800,000 meals to fight hunger throughout its 12-state footprint. This marked the fourth year that all of the Company's affiliates joined together to fight against hunger. More than 770,000 meals were provided in 2014; 550,000 in 2013; and more than 340,000 in 2012. Fifth Third ... 
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04/21/15Fifth Third Announces First Quarter 2015 Net Income to Common Shareholders of $367 Million, or $0.44 Per Diluted Share
1Q15 net income available to common shareholders of $367 million, or $0.44 per diluted common share Includes a $70 million pre-tax (~$46 million after tax) positive valuation adjustment on the warrant Fifth Third holds in Vantiv, $37 million pre-tax (~$24 million after tax) gain on the sale of held-for-sale residential mortgage loans classified as troubled debt restructurings (TDRs), and a $17 milli... 
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04/14/15Fifth Third Bancorp Announces Results of Annual Meeting
CINCINNATI--(BUSINESS WIRE)--Apr. 14, 2015-- Fifth Third Bancorp (NASDAQ: FITB) has announced that its shareholders have re-elected the following directors at the Bancorp’s Annual Meeting held earlier today at the Hyatt Regency Hotel in Cincinnati: Nicholas K. Akins, chairman, president, CEO, American Electric Power. B. Evan Bayh III, partner, McGuireWoods LLP. Katherine B. Blackburn, executive vice p... 
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04/13/15Fifth Third Bancorp 2014 Corporate Social Responsibility Report, ‘Curiosity First’ Now Available
CINCINNATI--(BUSINESS WIRE)--Apr. 13, 2015-- 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 in limited quantities. Fifth Third 2014 CSR Report (Photo: Business Wire) The report, “Curiosity First,” demonstrates the ways in which Fifth Third uses its cu... 
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03/19/15Fifth Third Bancorp to Announce First Quarter 2015 Results, Host Conference Call on April 21, 2015 at 9:00 AM
CINCINNATI--(BUSINESS WIRE)--Mar. 19, 2015-- Fifth Third Bancorp (Nasdaq: FITB) is scheduled to report first quarter 2015 financial results on April 21, 2015. The announcement will be available at www.53.com at approximately 6:30 AM ET. The Company will host a conference call at 9:00 AM ET to discuss results. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations websit... 
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03/17/15Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--Mar. 17, 2015-- Fifth Third Bancorp today declared cash dividends on its common shares, Series I preferred shares, and Series J preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.13 for the first quarter of 2015. The dividend is payable on April 21, 2015 to shareholders of record as of March 31, 2015. Fifth Third also declared a cash dividend on its 6... 
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03/11/15Fifth Third Announces 2015 CCAR Capital Plan
No Objection from Federal Reserve to Company's Capital Plan CINCINNATI--(BUSINESS WIRE)--Mar. 11, 2015-- Fifth Third Bancorp (NASDAQ: FITB) announced today that the Board of Governors of the Federal Reserve System (“the Federal Reserve”) did not object to Fifth Third’s proposed potential capital actions from April 1, 2015 through June 30, 2016 included in its capital plan submitted in January under the Comprehensive Capital Analysis and Review (“CCAR... 
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03/05/15Fifth Third Releases Results of 2015 Dodd-Frank Act Company-Run Capital Stress Test
CINCINNATI--(BUSINESS WIRE)--Mar. 5, 2015-- Fifth Third Bancorp (NASDAQ: FITB) today released the results of its company-run stress test as required by the Dodd-Frank Act stress testing rules (12 CFR Part 252), or “DFAST.” These rules require that covered companies disclose certain results from its stress test including: a description of the types of risk included in the stress test, a general description of methodologies used in the stress test, estimat... 
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03/05/15Fifth Third Bancorp to Attend the 2015 RBC Capital Markets Financial Institutions Conference
CINCINNATI--(BUSINESS WIRE)--Mar. 5, 2015-- Tayfun Tuzun, executive vice president and chief financial officer of Fifth Third Bancorp (Nasdaq: FITB), will participate in a discussion regarding the Company at the 2015 RBC Capital Markets Financial Institutions Conference on Wednesday, March 11, 2015 at approximately 9:20 AM (ET). Audio webcast may be accessed live and for approximately 14 days after the conference through the Investor Relat... 
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01/21/15Fifth Third Announces Fourth Quarter Earnings Per Diluted Share of $0.43
2014 Earnings Per Diluted Share of $1.66 4Q14 net income available to common shareholders of $362 million, or $0.43 per diluted common share Includes a $56 million pre-tax (~$37 million after-tax, or $0.04 per share) positive valuation adjustment on the warrant Fifth Third holds in Vantiv, $23 million pre-tax (~$15 million after-tax, or $0.02 per share) of provision expense related to th... 
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