Fifth Third Bancorp

Fifth Third Bancorp

Fifth Third Bancorp

Overview
Date Founded

1974

Headquarters

38 Fountain Square Plaza, Cincinnati, OH, 45263, USA

Type of Company

Public

Employees (Worldwide)

19.9K

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services, and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan, and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile, and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies, and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.

Contact Data
Trying to get in touch with decision makers at Fifth Third Bancorp? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chairman & Chief Executive Officer

President

Chief Financial Officer & Executive Vice President

Executive Vice President & Chief Financial Officer

Chief Marketing Officer & Executive Vice President

Chief Risk Officer

Executive Vice President & Chief Information Officer

Executive Vice President, Chief Legal Officer & Corporate Secretary

Chief Credit Officer

Chief Auditor

Board of Directors

Chairman & Chief Executive Officer at Fifth Third Bancorp

Chairman of the Board, President & Chief Executive Officer of the Company & Subsidiaries at American Electric Power Co., Inc.

Former Governor of Indiana

Founding Partner at Prairie Capital LP

Former Chief Executive Officer of United States & Managing Director, North America at Accenture LLP

Former Chief Executive Officer at Humana, Inc.

Vice President at Jack & Jill of America, Inc.

Former Chief Financial Officer & Senior Vice President at Genworth Financial, Inc.

McDermott International, Inc.

Former Chairman & Chief Executive Officer at MPLX LP

Paths to Fifth Third Bancorp
Potential Connections via
Relationship Science
You
Fifth Third Bancorp
Owners & Shareholders
Details Hidden

Sanders Capital employs a value-driven approach that is based on the belief that investors systematically overreact to adversity, unduly depressing the price of the affected assets, thus producing investments with above-average risk-adjusted returns. The firm’s investment process include valuation, research review and portfolio construction/risk assessment. Sanders Capital sources investments for their portfolios from a broad range of financial assets in all parts of the global capital markets including: common and preferred stock and related options, corporate debt (bonds and bank loans), municipal debt securities, commercial paper, and US government securities. They may invest in commodity futures to actively manage risks and seek opportunity in non-dollar investments.

Details Hidden

Boston Partners constructs well-diversified portfolios that consistently possess these three characteristics; they are simple rules that limit downside risk, preserve capital and maximize the power of compounding. The firm primarily provides advice using a value style approach for large-cap equity, mid-cap equity, small-cap equity, long/short equity, alpha extension, global equity, and international equity. Their investment process is grounded in bottom-up fundamental analysis. Additionally, a strict sell discipline is employed when an investment reaches market valuation, or if business fundamentals weaken or if the catalyst reverses.

Details Hidden

PPM uses a variety of methods of analysis in formulating investment advice and/or managing client assets. Fundamental and technical in-house research underpins the firm’s analysis of current or potential investments. The firm utilizes a team-based approach to manage the assets of the portfolio. They also implement client investment strategies primarily through designated portfolio management teams focused on particular asset classes, including fixed income, bank loans, private debt, public equity and private equity.

Recent Transactions
Details Hidden

Clayton, Dubilier & Rice Holdings LP, Clayton Dubilier & Rice LLC purchase Radio Systems Corp. from TSG Consumer Partners LLC

Details Hidden

Fifth Third Bancorp purchases MB Financial, Inc.

Details Hidden

Fifth Third Bancorp purchases Franklin Street Securities, Inc.

Insider Transactions
Details Hidden
Details Hidden
Transaction Advisors
Accountant

Advised onFifth Third Bancorp purchases Old Kent Financial Corp.

Legal Advisor

Advised onFifth Third Bancorp purchases First National Bankshares of Florida, Inc. (Naples)

Investment Advisor

Advised onFifth Third Bancorp purchases Old Kent Financial Corp.

Associate

Advised onF.N.B. Corporation, First National Bank of Pennsylvania purchase Fifth Third Bank /17 Branches from Fifth Third Bancorp

Counsel

Advised onF.N.B. Corporation, First National Bank of Pennsylvania purchase Fifth Third Bank /17 Branches from Fifth Third Bancorp

Co-Chair, Financial Institutions Group

Advised onF.N.B. Corporation, First National Bank of Pennsylvania purchase Fifth Third Bank /17 Branches from Fifth Third Bancorp

Advisors & Consultants
Legal Advisor

Partner at Keating Muething & Klekamp PLL

Legal Advisor

Partner at Sullivan & Cromwell LLP

Legal Advisor

Shareholder Member, Board of Directors at Vedder Price P.C.

Clients

Priority Technology Holdings, Inc. is a provider of merchant acquiring and commercial payments solutions with a platform of microservices that activate and monetize vertically specialized merchant networks. It offers unique product capabilities to businesses, enterprises and distribution partners such as retail independent sales organizations, financial institutions, wholesale ISOs, and independent software vendors in the United States. The company operates through three reportable segments: Consumer Payments, Commercial Payments, and Integrated Partners. The Consumer Payments represents consumer-related services and offerings including merchant acquiring and transaction processing services including the proprietary MX enterprise suite. The Commercial Payments epresents services provided to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers. The Integrated Partners represents payment adjacent services that are provided primarily to the health care and residential real estate industries. The company was founded on April 23, 2015 and is headquartered in Alpharetta, GA.

GreenSky, Inc. is a technology company. It operates as a lending platform that enables retailers, health-care providers and home contractors to offer loans to their customers. The company was founded by David Zalik in 2006 and is headquartered in Atlanta, GA.

USIO, Inc. engages in providing integrated payment solutions. It also offers prepaid card processing and program management services for various other card programs including incentive cards for clinical trial recipients, consumer gift cards, rebate cards and various other card programs that can be branded or white labeled. The company was founded by Louis A. Hoch and Michael R. Long in July 1998 and is headquartered in San Antonio, TX.

Key Stats and Financials As of 2019
Market Capitalization
$18.4B
Total Enterprise Value
$37.4B
Earnings Per Share
$3.33
Revenue
$9.39B
Net Profit
$2.49B
Total Debt
$16.8B
Enterprise Value / Sales
3.99x
TEVNet Income
15.02x
Debt TEV
0.45x
Total Equity
$21.2B
Three Year Compounded Annual Growth Rate Of Revenue
13.74%
Non-Profit Donations & Grants
Political Donations
$200
2013
N/A
2012
N/A
2012
Investments
Details Hidden

Vantiv, Inc. is a payment processor company. The firm offers a suite of payment processing services that enables its clients to meet their payment processing needs through a single provider, including in omni-channel environments that span point of sale, ecommerce and mobile devices. It operates through Merchant Services and Financial Institution Services segments. The Merchant Services segment provides merchant acquiring and payment processing services to large national merchants, regional and small-to-mid sized businesses through both direct and indirect distribution channels. Its services include all aspects of card processing including authorization and settlement, customer service, chargeback and retrieval processing and interchange management. The Financial Institution Services segment provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving and network gateway and switching services that utilize the company's proprietary Jeanie debit payment network to a set of financial institutions, including regional banks, community banks, credit unions and regional personal identification number networks. The company was founded in 1971 and is headquartered in Cincinnati, OH.

Details Hidden

GreenSky, Inc. is a technology company. It operates as a lending platform that enables retailers, health-care providers and home contractors to offer loans to their customers. The company was founded by David Zalik in 2006 and is headquartered in Atlanta, GA.

Details Hidden

Transactis, Inc. provides electronic bill presentment and payment solutions. It offers BillerIQ and DocumentIQ solutions. The firm transforms traditional paper billing and payment processing by enabling businesses of all sizes to replace paper bills, statements, invoices, payments and documents with digital alternatives. The company was founded by Thomas L. Kohn, Joseph Proto, and Jeffrey Greenberg in 2001 and is headquartered in New York, NY.

Investors
Details Hidden

Former Professional at Mid-City Developers, Inc.

Suppliers
Envestnet, Inc. Engineering, Construction & Architecture | Chicago, IL

Envestnet, Inc. engages in the provision of intelligent systems for wealth management and financial wellness. It operates through the following segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment provides unified wealth management software and services to empower financial advisors and institutions. The Envestnet Data & Analytics segment provides data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. The company was founded by Judson Taft Bergman, James Winfield Lumberg and Brandon Rockwell Thomas in 1999 and is headquartered in Chicago, IL.

Black Knight Financial Services, Inc. IT Consulting & Services | Jacksonville, FL

Black Knight Financial Services, Inc. engages in the provision of integrated technology, workflow automation, and data and analytics to the mortgage industry. The company was founded in 2014 and is headquartered in Jacksonville, FL.

Progress Software Corp. Other Business & Consulting Services | Bedford, Massachusetts

Progress Software Corporation (NASDAQ: PRGS) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any Cloud, on any platform and on any device with minimal IT complexity and low total cost of ownership. The comprehensive Progress portfolio provides leading solutions for enterprise integration, data interoperability and application development, including SaaS enablement and delivery in the cloud. Progress solutions are used across a variety of industries, including Travel & Leisure, Capital Markets, and Communications

Competitors
Zions Bancorporation, NA Retail & Commercial Banking - Salt Lake City, UT

Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington. The company was founded in April 1955 and is headquartered in Salt Lake City, UT.

Regions Financial Corporation Retail & Commercial Banking - Birmingham, AL

Regions Financial Corporation, with $125 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,600 banking offices and 2,000 ATMs.

Huntington Bancshares, Inc. Retail & Commercial Banking - Columbus, OH

Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. The Consumer & Business Banking segment provides financial products and services to consumer and small business customers including but not limited to checking accounts, savings accounts, money market accounts, certificates of deposit, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. The segment is divided into following business units: Middle Market, Large Corporate, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Finance segment provides products and services include providing financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers with real estate project financing needs, and financing for the purchase of automobiles, light-duty trucks, recreational vehicles and marine craft at franchised dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships. The Regional Banking and The Huntington Private Client Group segment consists of private banking, wealth & investment management, and retirement plan services. The Home Lending segment originates and services consumer loans and mortgages for customers who are located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.

Awards & Honors
Rank #376
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #376
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Fifth Third Bancorp. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Fifth Third Bancorp's profile does not indicate a business or promotional relationship of any kind between RelSci and Fifth Third Bancorp.