$FITB (Fifth Third Bancorp)

$FITB {{ '2016-07-01T06:01:11+0000' | timeago}} • Announcement

Financial services firm $FITB said the Federal Reserve System did not object to its proposed capital actions from July 1, 2016 through June 30, 2017. The capital plan included increasing quarterly dividend to $0.14 in 4Q16 and share repurchase for up to $660MM, including $84MM in repurchases related to share issuance under employee benefit plans.

$FITB {{ '2017-12-21T19:28:50+0000' | timeago}} • Announcement

$FITB has appointed Kevin Hipskind as President of the Indiana and St. Louis regions. He will be reporting to Group Regional President Steven Alonso. Hipskind, who fills the role vacated by Alonso, began his career with the bank in 2002 and held several key roles, including Senior Commercial Banker and Large Corporate Relationship Manager.

$FITB {{ '2017-12-21T19:18:13+0000' | timeago}} • Announcement

$FITB, a provider of banking services, has assigned the additional role of Head of Commercial Middle Market Banking to Tom Heiks, who currently serves as President of the North Carolina region. He will be reporting to COO Lars Anderson. Heiks joined Fifth Third 25 years ago, and held various commercial banking roles in North Carolina and Michigan.

$FITB {{ '2017-12-21T18:44:49+0000' | timeago}} • Announcement

Financial services firm $FITB has named senior executive Brian Lamb as head of Wealth & Asset Management. Lamb had been serving as EVP and leading the company’s Corporate Responsibility, a role he took up after serving as President of  North Florida region. The bank has also named Mike Michael as chairman of Cincinnati region, effective March 1.

$FITB {{ '2017-12-19T20:17:20+0000' | timeago}} • Announcement

$FITB BoD declared a cash dividend on its common shares of $0.16 for 4Q17. The dividend is payable on January 16, 2018 to shareholders of record on December 29, 2017.

$FITB {{ '2017-12-07T15:40:35+0000' | timeago}} • Announcement

Financial services company $FITB has named Joseph Yurosek as Market President for the California area.  Most recently, Yurosek served Comerica as Market President for the Orange County region. He will report to EVP and COO Lars Anderson.The appointment is in line with the bank’s efforts to expand to California, to serve middle-market companies.

$FITB {{ '2017-10-24T15:19:02+0000' | timeago}} • Infographic

$FITB Fifth Third Bancorp AlphaGraphic: 3Q 2017 Highlights

$FITB {{ '2017-10-18T16:05:09+0000' | timeago}} • Announcement

$FITB appointed Jed Scala as EVP and head of Payments and Commerce Solutions, and Siva Gowrishankar as SVP and head of credit strategy and optimization. Bridgit Chayt, SVP and director of wholesale payments, will now lead the Wholesale Payments and Treasury Management teams.

$FITB {{ '2017-10-16T14:22:06+0000' | timeago}} • Announcement

$FITB announced a strategic relationship with $MA and AvidXchange to bring a best-in-class automated accounts payable solution to Fifth Third Bank's clients. As part of the relationship, Fifth Third will become the first bank to join The Mastercard B2B Hub powered by AvidXchange.

$FITB {{ '2017-09-28T19:27:09+0000' | timeago}} • Announcement

$FITB has named Eric Smith Regional President of Fifth Third Bank, Chicago, effective Oct. 1. He will report to Steve Alonso, Group Regional President. Smith joined $FITB from JP Morgan Chase, where he most recently served as CFO of Middle Market Banking.

$FITB {{ '2017-09-19T21:28:56+0000' | timeago}} • Announcement

$FITB's BoD declared a cash dividend on its common shares of $0.16 for 3Q17. The dividend is payable on Oct. 16, 2017 to shareholders of record as of Sept. 29, 2017.

$FITB {{ '2017-09-15T14:41:07+0000' | timeago}} • Announcement

$FITB subsidiary Fifth Third Insurance Agency has signed an agreement to acquire Epic Insurance Solutions. The transaction, along with the previously announced acquisition of Integrity HR Inc. by Epic Insurance Solutions, is expected to close in fall 2017.

$FITB {{ '2017-09-12T19:51:38+0000' | timeago}} • Announcement

$FITB said Fifth Third Securities Inc. acted as the exclusive financial advisor to Schafer Industries Inc. on its recent acquisition by HBM Holdings Co. With a long-term buy and build approach, HBM combines the benefits of both a strategic acquirer and a private equity firm to grow a diversified portfolio of businesses.

$FITB {{ '2017-08-24T13:36:22+0000' | timeago}} • Announcement

Financial services provider $FITB appointed Shellie Creson as its Chief Auditor, effective August 28, 2017. Creson replaces Bob Shaffer, who was named Chief Human Resources Officer in February. She will report to the audit committee of the BoD. Most recently, Creson served as EVP and Deputy Director of Audit at Regions Financial.

$FITB {{ '2017-08-08T19:38:11+0000' | timeago}} • Announcement

$FITB and its subsidiary Fifth Third Bank have a deal with $VNTV by which Fifth Third Bank will exercise its right to exchange 19.79MM of its Class B Units in Vantiv Holding for as many shares of $VNTV Class A stock. $VNTV will repurchase the newly issued shares of Class A common stock upon issue directly from Fifth Third Bank at $64.04 per share.

$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.

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