Fifth Third Bancorp (FITB)

26.38 -0.43 (-1.60%) At close: 04:00PM EDT

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: 19,225

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Timothy N. Spence	CEO, Pres & Director	2.7M	N/A	1979
Mr. James C. Leonard CPA	Exec. VP & CFO	1.66M	N/A	1970
Mr. Robert P. Shaffer	Exec. VP & Chief Risk Officer	1.4M	631.58k	1970
Mr. Kevin Patrick Lavender	Exec. VP & Head of Commercial Banking	1.22M	N/A	1962
Mr. Howard Hammond	Exec. VP & Head of Consumer Bank	1.19M	N/A	1966
Mr. Mark D. Hazel	Exec. VP, Controller & Principal Accounting Officer	N/A	N/A	1966
Mr. Rob Schipper	Head of Investment Banking & MD	N/A	N/A	N/A
Mr. Jude A. Schramm	Exec. VP & Chief Information Officer	N/A	N/A	1973
Mr. Christopher Doll	Director of Investor Relations	N/A	N/A	N/A
Ms. Susan B. Zaunbrecher J.D.	Exec. VP & Chief legal Officer	N/A	N/A	1960

Amounts are as of 31 December 2022, 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 a diversified financial services company in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The company's 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 company's 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. Fifth Third Bancorp's 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. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

Corporate governance

Fifth Third Bancorp’s ISS governance QualityScore as of 1 September 2023 is 8. The pillar scores are Audit: 6; Board: 3; Shareholder rights: 10; Compensation: 3.

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.