Fifth Third Bancorp

Fifth Third Bancorp

Fifth Third Bancorp

Overview
Date Founded

1858

Type of Company

Public

Employees (Worldwide)

19.9K

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Fifth Third Bank (5/3 Bank) is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. It is the principal subsidiary of Fifth Third Bancorp, a diversified bank holding company. One of the largest consumer banks in the Midwestern United States, it operates 1,154 branches and 2,469 automated teller machines in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bank is incorporated in Ohio. It was state-chartered until late 2019, when it obtained a national charter.

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

President

Chief Financial Officer & Executive Vice President

Executive Vice President & Chief Risk Officer

Executive Vice President & Chief Information Officer

Executive Vice President & Chief Legal Officer

Executive Vice President & Chief Credit Officer

Executive Vice President & Chief Digital Officer

Executive Vice President & Chief Human Resources Officer

Chief Strategy Officer

Board of Directors

Chairman & Chief Executive Officer at Fifth Third Bancorp

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

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

Former Governor of Indiana

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

Founding Partner at Prairie Capital LP

Vice President at Jack & Jill of America, Inc.

Former Chief Executive Officer at Humana, Inc.

Executive Vice President at Cincinnati Bengals

Director of Governance Committee at McDermott International, Inc.

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Owners & Shareholders
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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 US Equity, Global & International Equity, Emerging Markets, Long/Short Equity, and ESG. 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.

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City National Rochdale employs a broad range of strategies which may be constructed as a separately managed account using individual securities, or by using proprietary, affiliated or non-proprietary pooled investment funds. CNR offers a broad range of equity investment strategies, which includes: Domestic Equities, International and Emerging Markets, and High Dividend Strategies. The firm also offers diversified taxable and tax-exempt strategies. CNR actively manage fixed income portfolios and seek to enhance the total portfolio's outcome across varying interest rate environments. It includes the following strategies: Taxable, Tax-Exempt, and Liquidity Management. CNR offer clients access to investment strategies in a wide range of non-traditional fixed income markets. Through a combination of unique strategy design and creative implementation, the firm attempt to capture attractive yields with minimal interest rate sensitivity through theses strategies: High Yield, Floating Rate, Emerging Market Debt, Structured Credit, and Short Duration Solutions. CNR also offers Real Assets, Alternative Investments, and International Custody & Asset Protection Solutions strategies.

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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

Power Corp. of Canada, Empower Retirement purchase Fifth Third Bank/Retirement Plan Business from Fifth Third Bancorp

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

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Fifth Third Bancorp purchases MB Financial, Inc.

Transaction Clients
Investment Advisor

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

Escrow Agent

Advised on Seven Bank Ltd., Financial Consulting & Trading International, Inc. purchase Global Axcess Corp. /ATM Operating Business from Global Axcess Corp.

Escrow Agent

Advised on Seven Bank Ltd., Financial Consulting & Trading International, Inc. purchase Global Axcess Corp. /ATM Operating Business from Global Axcess Corp.

Insider Transactions
Details Hidden
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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 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 micro services 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 represents 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 2020
Market Capitalization
$27.1B
Total Enterprise Value
$35.8B
Earnings Per Share
$1.83
Revenue
$8.27B
Total Equity
$23.1B
Enterprise Value / Sales
4.33x
TEVNet Income
24.99x
Debt TEV
0.47x
Total Debt
$17B
Net Profit
$1.43B
Three Year Compounded Annual Growth Rate Of Revenue
3.03%
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.

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Lendeavor, Inc. operates as an technology-enabled lender to healthcare practices. It provides online platform to obtain practice and commercial real estate loans. The company was founded by Daniel Titcomb, James Bachmeier III, and Drew Weyerhaeuser in 2013 and is headquartered in San Francisco, CA.

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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.

Investors
Details Hidden

Former Professional at Mid-City Developers, Inc.

Suppliers
Envestnet, Inc. IT Consulting & Services | 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.

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.

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.

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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