| Market Capitalization (Millions $) |
50,259 |
| Shares
Outstanding (Millions) |
916 |
| Employees |
18,676 |
| Revenues (TTM) (Millions $) |
10,073 |
| Net Income (TTM) (Millions $) |
2,345 |
| Cash Flow (TTM) (Millions $) |
1,112 |
| Capital Exp. (TTM) (Millions $) |
644 |
Business Description
Fifth Third Bancorp is an Ohio-based bank holding company established in 1975. It operates under the Bank Holding Company Act and is regulated by the Board of Governors of the Federal Reserve System. The company is headquartered in Cincinnati, Ohio, and serves as the parent organization for Fifth Third Bank and its various subsidiaries.
The company has undergone several structural changes, including the merger of its subsidiary banks in Kentucky, Northern Kentucky, Indiana, and Florida into Fifth Third Bank (Michigan), altering the legal structure of its banking operations while maintaining its core services.
Fifth Third Bancorp primarily engages in commercial and retail banking, as well as providing electronic payment processing services and investment advisory services. Its direct subsidiaries involved in banking activities include Fifth Third Bank and several related companies specializing in leasing, capital markets, mortgage services, insurance, and asset management.
The electronic payment processing division, Fifth Third Processing Solutions, plays a significant role in the companys operations. It provides services such as ATM and Point of Sale (POS) network operations, electronic fund transfers, online banking capabilities, and merchant transaction processing for various regional and national financial institutions.
In terms of competition, Fifth Third Bancorp faces a diverse range of competitors, including numerous commercial banks, savings and loans, and other financial service providers across its primary markets in Ohio, Kentucky, Michigan, Illinois, Indiana, Florida, West Virginia, Tennessee, and beyond. The company actively competes for deposits, loans, and banking services in these regions, leveraging its established presence and range of services to attract customers.
As of now, Fifth Third Bancorp continues to focus on expanding its digital services, enhancing customer experience, and pursuing growth opportunities both regionally and nationally to maintain its competitive edge in the financial services market.
Company Address: 38 Fountain Square Plaza Cincinnati 45263 OH
Company Phone Number: 972-3030 Stock Exchange / Ticker: NASDAQ FITB
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