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Fifth Third Bancorp (FITB.OQ)

FITB.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Fifth Third CFO Expects FY Total Expenses To Be At Lower End Of Guidance
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP CEO SAYS REMAIN ON TRACK TO ACHIEVE UPPER END OF REVISED ROTCE TARGET -CONF CALL.FIFTH THIRD BANCORP CFO SAYS ALL-IN IMPACT OF TAX REFORM HAS BEEN MODESTLY POSITIVE FOR THE QUARTER-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT COMMERCIAL LEASES TO CONTINUE TO DECLINE ANOTHER $400 MILLION BY END OF 2018-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT END-OF-PERIOD TOTAL COMMERCIAL PORTFOLIO TO GROW ABOUT 1% TO 1.5% SEQUENTIALLY IN Q2-CONF CALL.FIFTH THIRD BANCORP CFO SAYS CONTINUE TO EXPECT CARD BALANCE GROWTH IN MID- TO HIGH SINGLE DIGITS FOR 2018-CONF CALL.FIFTH THIRD BANCORP CFO SAYS FOR 2018, EXPECT END-OF-PERIOD LOAN GROWTH OF 1% TO 1.5% -CONF CALL.FIFTH THIRD BANCORP CFO SAYS NIM IN Q2 SHOULD BE APPROXIMATELY 3 TO 5 BASIS POINTS HIGHER COMPARED TO THE FIRST QUARTER-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT Q2 NET INTEREST INCOME TO BE BETWEEN $1.025 BILLION TO $1.03 BILLION-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT CORPORATE BANKING FEES TO INCREASE BETWEEN 20% AND 25% SEQUENTIALLY-CONF CALL.FIFTH THIRD BANCORP CFO SAYS FOR Q2 EXPECT FEES TO BE BETWEEN $575 MILLION AND $585 MILLION, FOR FY EXPECT FEES TO BE ABOUT $2.35 BILLION-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT TOTAL EXPENSES TO BE AT LOWER END OF GUIDANCE OF $4 BILLION TO $4.1 BILLION IN 2018-CONF CALL.  Full Article

Fifth Third Bancorp Reports Q1 Earnings Per Share $0.97
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Fifth Third Bancorp ::Q1 EARNINGS PER SHARE $0.97.Q1 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS I/B/E/S.RESULTS INCLUDED A NET POSITIVE $0.40 IMPACT ON REPORTED 1Q18 EPS.AT QUARTER-END TIER 1 COMMON RATIO WAS 10.82 PERCENT VERSUS 10.76 PERCENT REPORTED LAST YEAR.BOOK VALUE PER SHARE OF $21.68 AT QUARTER END, FLAT FROM 4Q17 AND UP 8% FROM 1Q17.QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME OF $999 MILLION UP 6% FROM 1Q17.QTRLY NET CHARGE-OFFS (NCOS) OF $81 MILLION DOWN $8 MILLION FROM 1Q17.Q1 2018 PROVISION EXPENSE OF $23 MILLION COMPARED TO $74 MILLION IN 1Q17.AT QUARTER-END TIER 1 RISK BASED CAPITAL RATIO OF 11.95 PERCENT VERSUS 11.90 PERCENT REPORTED LAST YEAR.Q1 RESULTS INCLUDE $414 MILLION PRE-TAX STEP-UP GAIN FROM VANTIV MERGER WITH WORLDPAY.  Full Article

Fifth Third Bancorp Enters New Share Repurchase Agreement
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP SAYS ‍ON FEB 8, CO ENTERED NEW SHARE REPURCHASE AGREEMENT WITH MORGAN STANLEY & CO. LLC - SEC FILING.FIFTH THIRD BANCORP - ‍PURSUANT TO NEW SHARE REPURCHASE AGREEMENT CO TO BUY ABOUT $318 MILLION OF OUTSTANDING COMMON STOCK​.FIFTH THIRD BANCORP - ‍NEW REPURCHASE AGREEMENT IS IN ADDITION TO ONE THAT CO ENTERED WITH MORGAN STANLEY & CO. LLC ON DEC 15, 2017 FOR $273 MILLION ​.  Full Article

Fifth Third Bancorp Sees Q1 NII (Fully-Taxable Equivalent Basis) In Range Of $975 Mln - $980 Mln
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP SEES Q1 NII (FULLY-TAXABLE EQUIVALENT BASIS) IN RANGE OF $975 MILLION - $980 MILLION.FIFTH THIRD BANCORP SEES FY 2018 NII (FTE) OF $4.0 BILLION - $4.07 BILLION - SEC FILING.FIFTH THIRD BANCORP SEES Q1-2018 NIM (FTE) TO BE UP IN RANGE OF 3 - 5 BPS FROM ADJUSTED Q4 2017.FIFTH THIRD BANCORP SEES FY2018 NIM (FTE) OF ABOUT 3.15% WITH TWO 2018 RATE HIKES (MAR & SEP).  Full Article

Fifth Third Bancorp Reports Q4 EPS Of $0.67
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Fifth Third Bancorp ::Q4 EARNINGS PER SHARE $0.67.Q4 EARNINGS PER SHARE VIEW $0.49 -- THOMSON REUTERS I/B/E/S.QTRLY RESULTS INCLUDE $220 MILLION INCOME TAX REDUCTION FROM A REMEASUREMENT OF DEFERRED TAX LIABILITY.‍TAXABLE EQUIVALENT NET INTEREST INCOME OF $963 MILLION IN Q4 OF 2017 WAS DOWN $14 MILLION, OR 1 PERCENT FROM PRIOR QUARTER​.QTRLY COMMON EQUITY TIER 1 RATIO 10.61 PERCENT VERSUS 10.59 PERCENT IN LAST QUARTER.‍QTRLY NET CHARGE-OFFS (NCOS) OF $76 MILLION, UP $8 MILLION FROM 3Q17 AND UP $3 MILLION FROM 4Q16.QTRLY BOOK VALUE PER SHARE OF $21.67, UP 2% FROM 3Q17; QTRLY TANGIBLE BOOK VALUE PER SHARE OF $18.10 UP 1% FROM 3Q17.QTRLY ‍TOTAL RISK-BASED CAPITAL 15.16% VERSUS 15.16% IN QUARTER ENDED SEPT 2017​.QTRLY ‍PROVISION FOR LOAN AND LEASE LOSSES $67 MILLION VERSUS $67 MILLION IN Q3.  Full Article

Fifth Third Bancorp Plans To Raise Its Minimum Hourly Wage To $15
Thursday, 21 Dec 2017 

Dec 20 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP - PLANS TO RAISE ITS MINIMUM HOURLY WAGE TO $15, AND DISTRIBUTE A ONE-TIME BONUS OF $1,000 FOR MORE THAN 13,500 EMPLOYEES.  Full Article

Fifth Third Bancorp Says On Dec 15, Co Entered Into Share Repurchase Agreement With Morgan Stanley & Co
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP SAYS ON DEC 15, CO ENTERED INTO SHARE REPURCHASE AGREEMENT WITH MORGAN STANLEY & CO - SEC FILING.FIFTH THIRD BANCORP - PURSUANT TO REPURCHASE AGREEMENT CO WILL PURCHASE ABOUT $273 MILLION OF ITS OUTSTANDING COMMON STOCK.FIFTH THIRD BANCORP - EXPECTS SETTLEMENT OF TRANSACTION TO OCCUR ON OR BEFORE MARCH 19, 2018..FIFTH THIRD BANCORP - WILL PAY $273 MILLION TO MSCO ON DEC 19, EXPECTS TO RECEIVE SUBSTANTIAL MAJORITY OF SHARES UNDERLYING REPURCHASE AGREEMENT BY DEC 19.  Full Article

Wells fargo & ceo sloan 'today most millenial customers are not particularly profitable'
Wednesday, 8 Nov 2017 

Wells Fargo & Co :Ceo sloan: 'today most millenial customers are not particularly profitable'., wells fargo, other bank ceos say bank capital rules should be risk- rather than size-based.  Full Article

Fifth Third Bancorp reports Q3 earnings per share of $1.35
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Fifth Third Bancorp :Q3 earnings per share $1.35.Fifth Third Bancorp - qtrly common equity tier 1 (CET1) capital ratio ‍​10.59 percent versus. 10.63 percent in Q2.Fifth Third Bancorp - qtrly ‍net charge-offs of $68 million, up $4 million from 2Q17.Fifth Third Bancorp - qtrly provision for loan and lease losses $‍67​ million versus $52 million in Q2.Fifth Third Bancorp - at quarter-end, ‍book value per share of $21.30, up 4% from both 2Q17 and 3Q16​.Fifth Third Bancorp- qtrly tier I risk-based capital ratio ‍​ 11.72 percent versus 11.76 percent in Q2.Fifth Third Bancorp - at quarter-end, ‍tangible book value per share of $17.86, up 4% from both 2Q17 and 3Q16​.Qtrly results included a positive $0.87 impact on reported 3Q17 earnings per share‍​.Fifth Third Bancorp - ‍taxable equivalent net interest income of $977 million in Q3 of 2017 was up $32 million, or 3 percent from prior quarter​.  Full Article

Fifth Third Bancorp enters into share repurchase agreement
Wednesday, 3 Aug 2016 

Fifth Third Bancorp : On August 2 co entered into a share repurchase agreement with Wells Fargo Bank, National Association - SEC filing .Pursuant to agreement, fifth third will purchase approximately $240 million of its outstanding common stock.  Full Article

BRIEF-Fifth Third CFO Expects FY Total Expenses To Be At Lower End Of Guidance

* FIFTH THIRD BANCORP CEO SAYS REMAIN ON TRACK TO ACHIEVE UPPER END OF REVISED ROTCE TARGET -CONF CALL