$FITB (Fifth Third Bancorp)

$FITB {{ '2016-01-21T15:41:05+0000' | timeago}} • Webcast

In 4Q15, $FITB's non-interest expense was $963MM and net charge-offs were $80MM or 34BP. Non-performing assets, excluding loans held for sale, were $647MM, bringing the NPL ratio to 55BP and the NPA ratio to 70BP.

$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.

$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.

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