FITB - Fifth Third Bancorp

NasdaqGS - NasdaqGS Delayed Price. Currency in USD

Fifth Third Bancorp

38 Fountain Square Plaza
Cincinnati, OH 45263
United States
800-972-3030
http://www.53.com

SectorFinancial
IndustryRegional - Midwest Banks
Full Time Employees17,744

Key Executives

NameTitlePayExercisedAge
Mr. Greg D. CarmichaelPres, CEO & Director3.31M2.32M55
Mr. Tayfun TuzunChief Financial Officer and Exec. VP1.55MN/A52
Mr. Lars C. AndersonChief Operating Officer, Exec. VP and Exec. VP of Fifth Third Bank1.8MN/A56
Mr. Frank R. ForrestChief Risk Officer and Exec. VP1.56MN/A62
Mr. Timothy N. SpenceChief Strategy Officer and Exec. VP1.61MN/A38
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is 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 four segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and 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 Branch Banking segment provides deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services. The Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. The Wealth and Asset Management segment provides various investment alternatives 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 asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of December 31, 2016, the company operated 1,191 full-service banking centers and 2,495 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp was founded in 1862 and is headquartered in Cincinnati, Ohio.

Corporate Governance

Fifth Third Bancorp’s ISS Governance QualityScore as of October 4, 2017 is 6. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 8; Compensation: 1.

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 a 10 indicates higher governance risk.