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.

Professional at World Fuel Services Corp.

Former Chief Executive Officer at Humana, Inc.

Chief Executive Officer at MPLX LP

Founding Partner at Prairie Capital LP

Professional at Brighthouse Financial, Inc.

Professional at McDermott International, Inc.

Professional at Nvent Electric Plc

Secretary, Treasurer & Director at AARP, Inc. (District of Columbia)

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Owners & Shareholders
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Invesco Advisers provides a variety of services across a broad spectrum of investment strategies, sectors and asset classes, including domestic and foreign equities, fixed income, alternative, real estate and money market securities. They employ fundamental and quantitative investment techniques in implementing these strategies. Their traditional equity management extends across a variety of market-cap ranges and investment styles. The firm's Flex Asset Allocation method combines bottom-up and quantitative research and is applied to portfolios in which client guidelines prescribe a specific allocation range or allow Invesco full discretion on asset mix. Invesco Advisers' fixed-income products cover a variety of duration ranges and sectors. In the short end of the market, the firm provides cash management and stable value investments. The firm's fixed-income products include high yield, international and convertible bonds.

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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.

Recent Transactions
Details Hidden

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

Partner at Sullivan & Cromwell LLP

Clients

Worldpay, Inc. engages in the provision of payments processing technology and solutions. It operates through the Merchant Services and Financial Institution Services segment. The Merchant Services segment processes credit and debit card transactions. The Financial Institution Services segment includes debit, credit and automated teller machine (ATM) card transaction processing, ATM driving and support, and personal identification number debit processing services. The company was founded on March 25, 2009 and is headquartered in Symmes Township, OH.

GreenSky, Inc. is a technology company. It powers commerce at the point of sale. Its platform facilitates merchant sales, while reducing the friction, and improving the economics, associated with a consumer making a purchase and a bank extending financing for that purchase. The company was founded by David Zalik in 2006 and is headquartered in Atlanta, GA.

Payment Data Systems, 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 2018
Market Capitalization
$21.4B
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.

Details Hidden

GreenSky, Inc. is a technology company. It powers commerce at the point of sale. Its platform facilitates merchant sales, while reducing the friction, and improving the economics, associated with a consumer making a purchase and a bank extending financing for that purchase. 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.

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.

LSI Industries, Inc. Building Products & Construction Materials | CINCINNATI, OH

LSI Industries, Inc. provides corporate visual image solutions through the combination of digital and screen graphics capabilities, a variety of indoor and outdoor lighting products, lighting control systems, and related professional services. It operates through the following business segments: Lighting, Graphics, and Corporate and Eliminations. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum / convenience store market. The Graphics segment fabricates and sells exterior and interior visual image elements related to graphics. The Corporate and Eliminations segment includes the company's administrative activities. The company was founded by Robert J. Ready, James P. Sferra, and Donald E. Whipple in 1976 and is headquartered in Cincinnati, OH.

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.

Competitors
KeyCorp Retail & Commercial Banking - Cleveland, Ohio

KeyCorp operates as bank holding company. The company operates through the following two segments: Key Community Bank and Key Corporate Bank. The Key Community Bank segment serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, and home equity, credit card and personalized wealth management products and business advisory services. The Key Corporate Bank segment focuses on serving the needs of middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector and real estate. Key Corporate Bank focuses on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology, which delivers a broad product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance. The company was founded in 1958 and is headquartered in Cleveland, OH.

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.

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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