Fifth Third Bancorp (FITB)

42.94 +0.95 (+2.27%) As of 11:52AM EDT. Market open.

Fifth Third Bancorp

38 Fountain Square Plaza
Cincinnati, OH 45263
United States
800 972 3030
https://www.53.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 18,607

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Timothy N. Spence	CEO, President & Chairman of the Board	3M	N/A	1979
Mr. James C. Leonard CPA	Executive VP & COO	1.57M	N/A	1970
Mr. Jude A. Schramm	Executive VP & Chief Information Officer	1.2M	N/A	1973
Mr. Robert P. Shaffer	Executive VP & Chief Risk Officer	1.33M	103.71k	1970
Mr. Kevin Patrick Lavender	Executive VP & Head of Commercial Banking	1.28M	N/A	1962
Mr. Bryan D. Preston	Executive VP & CFO	N/A	N/A	N/A
Mr. Rob Schipper	Head of Investment Banking & MD	N/A	N/A	N/A
Ms. Susan B. Zaunbrecher J.D.	Executive VP, Chief legal Officer & Corporate Secretary	N/A	N/A	1960
Ms. Melissa S. Stevens	Executive VP & Chief Marketing Officer	N/A	N/A	1975
Ms. Nancy C. Pinckney	Executive VP & Chief Human Resources Officer	N/A	N/A	1964

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. The Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. The company was founded in 1858 and is headquartered in Cincinnati, Ohio.

Corporate governance

Fifth Third Bancorp’s ISS governance QualityScore as of 1 October 2024 is 6. The pillar scores are Audit: 7; Board: 9; Shareholder rights: 5; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.