$FITB (Fifth Third Bancorp)

$FITB {{ '2016-01-21T16:10:03+0000' | timeago}} • Webcast

$FITB expects two rate increases in June and Sept. in 2016. $FITB expects about 2-3% increase in NII YoverY and NIM to expand 3-4BP from 4Q15. Provisions might exceed charge-offs in 2016. $FITB expects non-interest income to increase 4-5%, excluding the impact of 2015 Vantiv-related gains. YoverY total expense growth is expected to be 4.5-5%.

$FITB {{ '2017-07-21T12:24:49+0000' | timeago}} • Announcement

Regional bank $FITB saw a jump of 12.7% in its earnings in 2Q17, driven mainly by a gain on sale of assets and positive valuation adjustment on the Vantiv warrant. Net income available to common shareholders jumped to $344MM or $0.45 per share from the year ago period. Net interest income on a taxable equivalent basis, inched up 4% YoY to $945MM.

$FITB {{ '2017-07-06T19:07:52+0000' | timeago}} • Announcement

$FITB has implemented changes to its Fifth Third Business Line of Credit, providing capital within 3-5 days for everyday Opex, equipment and inventory costs. Small business owners can use the line of credit to meet a one-time borrowing need, consolidate high-interest balances and more.

$FITB {{ '2017-06-29T13:21:30+0000' | timeago}} • Announcement

$FITB received no objection from the Federal Reserve for proposed capital actions from July 1, 2017 through June 30, 2018. The plan include an increase in quarterly dividend from $0.14 to $0.16 per share, starting in 3Q17 and to $0.18 beginning 2Q18, and repurchase of up to $1.161Bil of common stock or 76% increase over 2016 capital plan.

$FITB {{ '2017-04-25T18:19:34+0000' | timeago}} • Webcast

$FITB's non-interest income for 1Q17 decreased 7% from last year. This was due to decreases in corporate banking revenue and mortgage banking revenue.

$FITB {{ '2017-04-25T18:13:58+0000' | timeago}} • Webcast

$FITB's adjusted net interest margin for 1Q17 rose by 7 basis points from last year. This was driven by short term rate increases, and benefit from lower cash levels. The company's net interest margin continued to improve as its balance sheet positioning allowed it to benefit from increased short term market rates.

$FITB {{ '2017-04-25T12:02:23+0000' | timeago}} • Announcement

Regional bank $FITB reported 1Q17 net income available to common shareholders of $290MM, or $0.38 per share, down 7% compared to $326MM, or $0.40 per share during 1Q16. The results were impacted by $13MM pre-tax charge related to valuation of the Visa total return swap. Net interest income grew 3% YoY to $933MM.

$FITB {{ '2017-04-25T11:35:38+0000' | timeago}} • Announcement

$FITB's average portfolio loans and leases during 1Q17 fell 1% YoY  to $92.1Bil. Average core deposits rose 2% from 1Q16. Book value per share rose 3% to $20.13 during 1Q17.

$FITB {{ '2017-04-17T12:24:12+0000' | timeago}} • Announcement

$FITB said Fifth Third Securities Inc. has hired Michael Ho and Jim Parrino to co-head the Investment Banking group's buy-side M&A advisory practice that offers clients support and assistance in defining and implementing their acquisition strategy.

$FITB {{ '2017-04-17T12:21:38+0000' | timeago}} • Announcement

$FITB is expanding its investment banking and M&A capabilities with the hiring of Joseph Carson, who will join the Investment Banking team as MD in the Diversified Industrials group based in Cleveland, Ohio. Carson has earlier served as SVP and head of the energy division at Caldwell Tanks.

$FITB {{ '2017-04-07T19:50:06+0000' | timeago}} • Announcement

$FITB said Philip McHugh, EVP and head of Fifth Third Wealth and Asset Management, has been appointed to lead its Consumer Bank, comprised of Retail Banking, Mortgage, Auto Lending, Business Banking, Collections and Credit Centers. McHugh replaces Chad Borton, who is leaving $FITB to become president of USAA Federal Savings Bank.

$FITB {{ '2017-03-27T15:57:35+0000' | timeago}} • Announcement

$FITB appointed Matthew Jauchius as EVP and chief marketing officer. Most recently, Jauchius served as EVP and chief marketing officer for $HTZ, a post he had held since 2015. Jauchius will report to Chief Strategy Officer Tim Spence.

$FITB {{ '2017-03-01T17:07:53+0000' | timeago}} • Announcement

$FITB added three regional relationship managers to its growing Commercial Equipment Financing group. Scott Jackson will serve customers in the Texas and Oklahoma markets. Larry Nogueira will serve customers in Texas and Louisiana. John Turck will serve customers in the northeastern U.S.

$FITB {{ '2017-02-28T22:00:32+0000' | timeago}} • Announcement

$FITB promoted its EVP Robert Shaffer to the Chief Human Resources Officer role. Shaffer will report to Chief Administrative Officer Teresa Tanner.

$FITB {{ '2017-02-28T21:10:38+0000' | timeago}} • Announcement

$FITB declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I at the rate of $414.06 per preferred share, which equates to approx. $0.41406 for each depositary share. The Series I dividend is payable on March 31, 2017 to shareholders of record as of March 29, 2017.

$FITB {{ '2017-02-28T21:10:22+0000' | timeago}} • Announcement

$FITB declared cash dividends on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J, at the rate of $612.50 per preferred share, which equates to approx. $24.50 for each depositary share. The Series J dividend is payable on March 31, 2017 to shareholders of record as of March 29, 2017.

$FITB {{ '2017-02-28T21:10:04+0000' | timeago}} • Announcement

$FITB declared a cash dividend on its common shares of $0.14 for 1Q17, payable on April 17, 2017 to shareholders of record as of March 31, 2017.

$FITB {{ '2017-02-27T15:20:34+0000' | timeago}} • Announcement

Fifth Third Insurance Agency Inc., an indirect subsidiary of $FITB, has agreed to acquire R.G. McGraw Insurance Agency Inc. The transaction is expected to close in early March.

$FITB {{ '2017-01-24T12:05:44+0000' | timeago}} • Announcement

For 4Q16, $FITB posted average portfolio loan and lease balances of $92.9Bil, down 1% YoverY. Average core deposits increased 1% to $103.6Bil. The company's book value per share was up 7% YoverY to $19.82.

$FITB {{ '2017-01-24T12:01:04+0000' | timeago}} • Announcement

$FITB reported net income available to common shareholders of $372MM, or $0.49 per diluted share for 4Q16. This result was down 41% from the year ago quarter, reflecting the impact of Vantiv-related transactions throughout 2015 and 2016. Net interest income grew 1% YoverY to $909MM, while noninterest income fell 44% to $620MM.

$FITB {{ '2017-01-06T12:45:31+0000' | timeago}} • Announcement

$FITB announced that Jelena McWilliams will become its Chief Legal Officer and Corporate Secretary. Ms. McWilliams, who will report to President and CEO Greg D. Carmichael, will join the company January 9. Her responsibilities will include overseeing Legal, Government Affairs and Regulatory Affairs.

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