Trade Fifth Third Bancorp - FITB CFD

Fifth Third Company profile

About Fifth Third Bancorp

Fifth Third Bancorp is a bank holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. It offers a range of loan and lease products with various payment terms and rate structures. It provides commercial and industrial loans, commercial mortgage loans, residential mortgage loans, commercial leases, home equity, credit cards, and other consumer loans and leases. It also offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits, and other time deposits. The Company operates through four business segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Fifth Third Bancorp interest income decreased 6% to $5.21B. Net interest income after loan loss provision increased 16% to $5.52B. Net income applicable to common stockholders increased from $1.32B to $2.66B. Net interest income after loan loss provision reflects Commercial Banking segment increase from $853M to $2.08B, General Corporate and Other segment increase of 42% to $1.3B.

Equity composition

Common Stock $2.22 Par, 06/11, 2B auth., 923,892,580 issd, less 4,074,443 shs. in Treas @ $66M. Insiders own 0.29%. 1/90, 4/92, 1/96, 7/97, 4/98 & 7/00,3-for-2 stock splits. Preferred Stock no Par, 490,750 auth., Series F & G perpetual preferred 152,771 issd.