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)

17.4K

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.

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Executives & Employees

Chairman of the Board, President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Co-Chief Operating Officer

Chief Marketing Officer & Executive Vice President

Executive Vice President & Chief Risk Officer

Executive Vice President & Chief Human Resource Officer

Executive Vice President, Head-Consumer Bank & Payments

Chief Auditor

Executive Vice President, Chief Legal Officer & Corporate Secretary

Regional Chairman

Board of Directors

Chairman of the Board, President & Chief Executive Officer at Fifth Third Bancorp

Chairman & Chief Executive Officer at Indiana & Michigan Power Co.

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

Chairman of the Board & Chief Executive Officer at Marathon Petroleum Corp.

Founding Partner at Prairie Capital LP

Former Chief Executive Officer at Humana, Inc.

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

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

Director at Pentair, Inc.

Former President & Chief Operating Officer at M&T Bank Corp.

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Owners & Shareholders
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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. To actively manage risk and seek opportunity in non-dollar investments, they may invest in commodity futures in energy, industrial and agricultural commodities; futures on intangible assets; ETFs; convertible preferred stock; ABS/RMBS; credit cards, and other financial assets; agency RMBS and CMBS; and credit derivatives and currency futures. Sanders Capital's Asset Value Portfolios invest in a broad range of financial assets across the global capital markets including: common and preferred stock and related options, corporate debt, municipal debt securities, commercial paper, and US government securities. The US Value Equity Portfolios invest primarily in the stocks of US large-cap companies, although they may invest some portion of their assets in companies located in developed or emerging markets outside the US. The Global Value Equity Portfolios invest mainly in large-cap stocks of companies located in developed nations throughout the world, although they may also invest in companies located in emerging markets.

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Gallagher Fiduciary Advisors' (GFA) asset allocation and investment manager evaluation efforts involve quantitative, as well as qualitative considerations, including traditional modeling, economic conditions and scenarios, and an interrelated set of cash flow, operational, and other considerations. The firm works with clients to establish a long-term, strategic asset allocation at the \"total portfolio level\" that is based on a each client's unique investment objectives and risk tolerance. Investments may include equities, fixed income, and alternative strategies (such as hedge fund-of-funds, real estate, commodities, and private equity). As the markets evolve over time and other asset classes present compelling opportunities, GFA reviews clients' strategic asset allocations to make sure they remain efficient and appropriate. GFA utilizes proprietary asset allocation modeling software which enables them to stress test portfolios and model how different asset allocations would likely react to interest rate changes, severe market swings and dislocations which cause a high degree of correlation across typically non-correlated asset classes.

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OSAM is a quantitative investment management firm that offers a range of equity portfolio. The firm believes in the value of applying empirical, fundamental research to uncover the best quantitative stock selection strategies. They employ proprietary, quantitative equity analysis and select stocks based on long term, empirical evidence. OSAM seeks to invest in stocks that are selling at a discount but showing good potential for growth. The firm offers a range of equity strategies, from small-cap to large-cap, growth to value, including multi-cap and international strategies.

Recent Transactions
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Fifth Third Bancorp purchases MB Financial, Inc.

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Fifth Third Bancorp purchases Franklin Street Securities, Inc.

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Fifth Third Bancorp, Fifth Third Securities, Inc. purchase Coker Capital Securities LLC

Insider Transactions
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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 Sullivan & Cromwell LLP

Legal Advisor

Partner at Keating Muething & Klekamp PLL

Legal Advisor

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

Clients

GreenSky, Inc. operates as a lending platform that enables retailers, health-care providers and home contractors to offer loans to their customers. Its technology platform addresses an opportunity in mobile, online and in-store point of sale finance, driving value for its constituents: merchants, banks and consumers. 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.

Worldpay, Inc. is a holding company, which engages in the provision of payments processing technology and solutions. It operates through the following business segments: Technology Solutions, Merchant Solutions, and Issuer Solutions. The Technology Solutions and Merchant Solutions segments offer merchant acquiring, payment processing, and related services. The Issuer Solutions segment serves financial institutions, including regional banks, community banks, credit unions, and regional personal identification number networks. The company was founded on March 25, 2009 and is headquartered in Symmes Township, OH.

Key Stats and Financials As of 2018
Market Capitalization
$19B
Total Enterprise Value
$31.7B
Earnings Per Share
$3.06
Revenue
$7.48B
Debt TEV
0.53x
Total Equity
$16.2B
Total Debt
$16.9B
Net Profit
$2.17B
TEVNet Income
14.61x
Enterprise Value Sales
4.24x
Three Year Compounded Annual Growth Rate Of Revenue
5.12%
Five Year Compounded Annual Growth Rate Of Revenue
1.89%
Non-Profit Donations & Grants
Political Donations
$200
2013
N/A
2012
Investments
Details Hidden

Zipscene LLC specializes in consumer analytics for the restaurant industry. It is a restaurant marketing platform that makes restaurant marketing more intelligent by finding patterns in guest behavior. The company was founded by Sameer Mungur and Jaydev Karande in 2004 and is headquartered in Cincinnati, OH.

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GreenSky, Inc. operates as a lending platform that enables retailers, health-care providers and home contractors to offer loans to their customers. Its technology platform addresses an opportunity in mobile, online and in-store point of sale finance, driving value for its constituents: merchants, banks and consumers. The company was founded by David Zalik in 2006 and is headquartered in Atlanta, GA.

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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
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Former Atlantic Regional Vice President at DRG Financial Corporation

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 Envestnet and Envestnet/Yodlee business segments. The Envestnet segment provides wealth management software and services to empower financial advisors and institutions. The Envestnet/ Yodlee segment offers a data aggregation and data intelligence platform 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. is a holding company, which engages in the provision of integrated technology, workflow automation, and data and analytics to the mortgage industry. It operates through the Technology, and Data and Analytics segments. The Technology segment offers software and hosting solutions that support loan servicing, which includes the core mortgage servicing, specialty mortgage servicing including loss mitigation and default workflow management, loan origination and settlement services. The Data and Analytics segment provides solutions, such as property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. 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.

The PNC Financial Services Group, Inc. Retail & Commercial Banking - Pittsburgh, Pennsylvania

PNC Financial Services Group, Inc. engages in the provision of diversified financial services. The company's financial services include: retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-backed lending; wealth management and asset management. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers within its primary geographic markets. The Corporate & Institutional segment provides lending, treasury management, and capital markets-related products and services to mid-sized corporations, government and not-for-profit entities, and selectively to large corporations. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a broad range of investment, risk management and technology services to institutional and retail clients worldwide. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

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
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