FIFTH THIRD BANCORP Business Summary
- commercial banking (31.4% of Net Banking Product): sales of banking and financial products and services to medium-sized and large businesses, government institutions, and professionals;
- retail banking (25.6%): sales of banking products and services to individuals and small businesses;
- consumer financing (11.8%): automobile loans, mortgage lending, real estate lending, student loans, etc.;
- investment services (1.8%): investment consulting services, asset management, brokerage services, etc.;
- other (29.4%).
At the end of 2021, the group had USD 169.3 billion in current deposits and USD 110.2 billion in current loans.
The products and services are marketed through a network of 1,117 banking centers located in the United States.
Sales per Business
| USD in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Consumer and Small Business Banking
72.5
%
| 4,184 | 50.0 % | 6,312 | 72.5 % | +50.86% |
Commercial Banking
59.3
%
| 3,882 | 46.4 % | 5,168 | 59.3 % | +33.13% |
General Corporate and Other
-40.2
%
| -321 | -3.8 % | -3,501 | -40.2 % | +990.65% |
Wealth and Asset Management
10.5
%
| 807 | 9.6 % | 915 | 10.5 % | +13.38% |
Eliminations
-2.1
%
| -177 | -2.1 % | -186 | -2.1 % | +5.08% |
Sales per region
| USD in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
United States
100.0
%
| 8,375 | 100.0 % | 8,708 | 100.0 % | +3.98% |
Managers
| Managers | Title | Age | Since |
|---|---|---|---|
Timothy Spence
CEO | Chief Executive Officer | 45 | 15-09-10 |
Bryan Preston
DFI | Director of Finance/CFO | 47 | - |
Jude Schramm
CTO | Chief Tech/Sci/R&D Officer | 51 | 18-02-28 |
James Leonard
COO | Chief Operating Officer | 54 | 98-12-31 |
Nancy Pinckney
HRO | Human Resources Officer | 60 | 98-12-31 |
Mark Peterson
PRN | Corporate Officer/Principal | - | 14-06-30 |
Kala Gibson
PRN | Corporate Officer/Principal | - | 10-12-31 |
Melissa Stevens
SAM | Sales & Marketing | 49 | 16-05-15 |
| Treasurer | - | Jan. 01 | |
Mark Hazel
AUD | Comptroller/Controller/Auditor | 58 | 05-12-31 |
Members of the board
| Members of the board | Title | Age | Since |
|---|---|---|---|
| Director/Board Member | 71 | 11-11-29 | |
Thomas Harvey
BRD | Director/Board Member | 63 | 19-03-21 |
Mitchell Feiger
BRD | Director/Board Member | 65 | 20-06-14 |
Marsha Williams
BRD | Director/Board Member | 72 | 07-12-31 |
Gary Heminger
BRD | Director/Board Member | 70 | 06-12-18 |
| Director/Board Member | 58 | 14-12-16 | |
Charles Daniels
BRD | Director/Board Member | 65 | 19-03-21 |
Nicholas Akins
BRD | Director/Board Member | 63 | 13-10-09 |
Birch Bayh
BRD | Director/Board Member | 68 | 11-06-20 |
Timothy Spence
CEO | Chief Executive Officer | 45 | 15-09-10 |
Share class
| Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
|---|---|---|---|---|---|
| Stock A | 0 | 24,000 | 0 | 0 | 73.37 % |
| Stock B | 0 | 18,000 | 0 | 0 | |
| Stock C | 1 | 926,317,920 | 679,617,455 ( 73.37 %) | 242,767,771 ( 26.21 %) | |
| Stock D | 0 | 10,000 | 0 | 0 |
Holdings
| Name | Equities | % | Valuation |
|---|---|---|---|
MICROSOFT CORPORATION 0.04% | 2,874,650 | 0.04% | 1,209,422,748 $ |
NVIDIA CORPORATION 0.05% | 1,189,243 | 0.05% | 1,074,552,405 $ |
APPLE INC. 0.04% | 6,177,702 | 0.04% | 1,059,352,339 $ |
AMAZON.COM, INC. 0.03% | 3,552,534 | 0.03% | 640,806,083 $ |
ALPHABET INC. 0.07% | 3,972,896 | 0.07% | 599,629,193 $ |
JPMORGAN CHASE & CO. 0.08% | 2,282,565 | 0.08% | 457,197,770 $ |
PROCTER & GAMBLE COMPANY 0.10% | 2,404,605 | 0.10% | 390,147,161 $ |
BROADCOM INC. 0.06% | 293,819 | 0.06% | 389,430,641 $ |
THE HOME DEPOT, INC. 0.10% | 949,847 | 0.10% | 364,361,309 $ |
MASTERCARD, INC. 0.08% | 751,412 | 0.08% | 361,857,477 $ |
Company contact information
Group companies
| Name | Category and Sector |
|---|---|
Fifth Third Bank, NA (Cincinnati, Ohio)
 Fifth Third Bank, NA (Cincinnati, Ohio) Major BanksFinance Fifth Third Bank engages in the provision of banking services. It offers personal, business, and commercial banking services. The company was founded on June 17, 1858 and is headquartered in Columbus, OH. |
Major Banks
|
Fifth Third Securities, Inc.
 Fifth Third Securities, Inc. Investment Banks/BrokersFinance Fifth Third Securities, Inc. is an SEC-registered broker/dealer and municipal securities dealer located in Cincinnati, Ohio. The firm is a subsidiary of Fifth Third Bancorp (NYSE: FITB). They are affiliated with Fifth Third Asset Management, Inc. Fifth Third Securities offers a full range of brokerage products and services including stocks, bonds and mutual funds. They do not provide any internal research. Clearing services are provided by National Financial Services LLC. |
Investment Banks/Brokers
|
MainStreet Investment Advisors LLC
 MainStreet Investment Advisors LLC Investment ManagersFinance MainStreet Investment Advisors LLC (dba MainStreet Advisors) is a SEC-registered investment advisor headquartered in Chicago, Illinois. The firm was founded in 2003 by John Crosson and is a wholly owned subsidiary of Fifth Third Bank, NA, ultimately owned by Fifth Third Bancorp (NASDAQ: FITB). MainStreet Advisors offers various investment advisory services to banking institutions, individuals and other Investment Advisers. |
Investment Managers
|
Fifth Third Equipment Finance Co.
 Fifth Third Equipment Finance Co. Finance/Rental/LeasingFinance Part of Fifth Third Bancorp, Fifth Third Equipment Finance Co. is a private company that provides equipment leasing services. The company is based in Cincinnati, OH. |
Finance/Rental/Leasing
|
Fifth Third Mortgage - Michigan LLC
 Fifth Third Mortgage - Michigan LLC Finance/Rental/LeasingFinance Part of Fifth Third Bancorp, Fifth Third Mortgage - Michigan LLC is a private company that provides mortgage services. The company is based in East Lansing, MI. |
Finance/Rental/Leasing
|
Sales per Business
| 1st Jan change | Capi. | |
|---|---|---|
| +15.61% | 211B | |
| +0.80% | 72.11B | |
| +8.99% | 55.24B | |
| +19.29% | 50.4B | |
| +0.56% | 46.78B | |
| +8.43% | 44.85B | |
| -14.70% | 35.77B | |
| +6.41% | 35.93B | |
| -96.60% | 32.24B |
