Fifth Third Bank’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Fifth Third Bank provides personal, business, and commercial banking products and services. Read more

8,807 Followers on Owler
8,807 Followers on Owler
8,807 Followers on Owler
8,807 Followers on Owler

Fifth Third Bank provides personal, business, and commercial banking products and services. Read more

Greg D. Carmichael's photo - Chairman & CEO of Fifth Third Bank

Chairman & CEO

Greg D. Carmichael

CEO Approval Rating

61/100

Founded:

1858

Status:

PublicIndependent CompanyNASDAQFITB

TOP COMPETITORS OR ALTERNATIVES

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COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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Bank of America is Fifth Third Bank's top competitor. Bank of America is headquartered in Charlotte, North Carolina, and was founded in 1998. Like Fifth Third Bank, Bank of America also operates in the Banks field. Bank of America generates 1,110% the revenue of Fifth Third Bank.

Citi is seen as one of Fifth Third Bank's top competitors. Citi's headquarters is in New York, New York, and was founded in 1812. Like Fifth Third Bank, Citi also works within the Banks industry. Citi generates 963% of Fifth Third Bank's revenue.

Huntington Bank has been one of Fifth Third Bank's top competitors. Huntington Bank was founded in 1866, and its headquarters is in Columbus, Ohio. Like Fifth Third Bank, Huntington Bank also works within the Banks field. Huntington Bank has 1,737 fewer employees than Fifth Third Bank.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$7.9B

Fifth Third Bank's revenue is the ranked 20th among it's top 10 competitors. The top 10 competitors average 34.3B. Over the last four quarters, Fifth Third Bank's revenue has decreased by 16.4%. Specifically, in Q3 2020's revenue was $1.9B; in Q2 2020, it was $1.9B; in Q1 2020, it was $1.9B; in Q4 2019, Fifth Third Bank's revenue was $2.3B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Franklin Street Partners

Aug 2018

Source »
undisclosed
Franklin Street Partners is a financial firm that offers asset allocation, investment planning and performance reporting solutions for businesses.
Mb Financial Inc /md

May 2018

Source »
$4.7B
MB Financial provides personal, business and commercial banking services.
Coker Capital Advisors

Feb 2018

Source »
undisclosed
Coker Capital Advisors provides investment banking, merger and acquisition consulting services for the healthcare sector.

-

-

Sep 2017

Source »
undisclosed
-
Epic Insurance Solutions

Sep 2017

Source »
undisclosed
Epic Insurance provides commercial and personal property insurance and casualty, employee benefits and HR consulting services.

These are all the companies that Fifth Third Bank has acquired. Fifth Third Bank has acquired 7 companies and its latest acquisition was Franklin Street Partners in Aug 2018. Franklin Street Partners is a financial firm that offers asset allocation, investment planning and performance reporting solutions for businesses.

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Trust & Will develops an estate planning platform that offers legal advisory and document preparation services for individuals.
$15M
Nov 16, 2020
Series B
-
BWE is a mortgage banking company that provides commercial real estate and multifamily lending services for individuals and businesses.
-
Oct 20, 2020
Equity
-
ApplePie Capital is an online financial platform that provides franchise funding solutions for entrepreneurs.
$2M
Oct 15, 2020
Equity
-
PDP is a manufacturer and distributor of gaming headsets, microphones, earpads, and speaker tags for individuals.
$25M
Sep 08, 2020
Debt
-
Purple is a mattress manufacturer that produces and retails seat cushions, pillows, platform base, sheets, protectors and powerbase products.
$100M
Sep 02, 2020
Debt
Jul 01, 2017

These are all the companies that Fifth Third Bank has invested in. Fifth Third Bank has invested 7 companies and its latest investment was Franklin Street Partners in Aug 2018. Franklin Street Partners is a financial firm that offers asset allocation, investment planning and performance reporting solutions for businesses.

Fifth Third Bank News

November 20, 2020The Business Journals: Louisville Business First

Fifth Third CEO Greg Carmichael talks reasons behind bank's recent C-suite shake-up

Fifth Third Bancorp is shaking up its executive team - changes that CEO Greg Carmichael believes will... See more »
November 18, 2020The Business Journals: Cincinnati Business Courier

Fifth Third names new head of private banking in Cincinnati

Fifth Third Bank has a named a head of private banking in its Cincinnati market, replacing an executi... See more »
November 16, 2020The Business Journals: Charlotte

Fifth Third CEO, local exec discuss expansion plans for Charlotte amid a pandemic

Charlotte remains a top market for Fifth Third Bancorp - a high-growth market with opportunities to e... See more »
November 16, 2020The Business Journals: Cincinnati Business Courier

Fifth Third stock looks poised to climb, analysts say

Fifth Third Bancorp is one of a handful of bank stocks that look ready to gain more than their peers ... See more »
November 11, 2020American Banker

Fifth Third shuffles executive lineup after CFO joins BMO

Fifth Third Bancorp. promoted Chief Risk Officer Jamie Leonard to succeed Tayfun Tuzun, who will beco... See more »
November 10, 2020The Business Journals: Louisville Business First

Fifth Third CFO exits, creating ripple effect in C-suite

Fifth Third Bancorp has named a new CFO after its seven-year CFO departed to take another job, leadin... See more »

Fifth Third Bank Press Releases

September 24, 2020PR Newswire

NEF, Fifth Third close out $25M Opportunity Zones fund to expand workforce and low-income rental housing

CHICAGO, Sept. 24, 2020 /PRNewswire/ -- National Equity Fund, Inc. (NEF) and Fifth Third Bank have cl... See more »
September 18, 2020CSRwire

Fifth Third to Present at ESG Panel During Climate Week, Sept. 23

Fifth Third Assistant Vice President and Environmental Sustainability Leader Jeremy Faust will partic... See more »
September 15, 2020CSRwire

Fifth Third Foundation Powers $1.2 Million Innovation Meets Main Street Program for Black, Women-Owned Entrepreneurs

Fifth Third Bank, National Association, today announced an exciting new $1.2 million program called I... See more »
September 11, 2020CSRwire

Black Voices

On Sunday, September 13, WTTW News will launch CHICAGO TONIGHT: BLACK VOICES, an additional new progr... See more »
May 29, 2020PR-Inside

The Klein Law Firm Reminds Investors of Class Actions on Behalf of ...

(PR-inside.com) NEW YORK, NY / ACCESSWIRE / May 29, 2020 / The Klein Law Firm announces that class ac... See more »
May 20, 2020centralcharts

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Fifth Third Bancorp To Contact The Firm

FIFTH THIRD DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $... See more »
April 27, 2020CSRwire

Fifth Third is Taking Care of Customers

As COVID-19 impacts our communities, it won't impact our commitment to serve them. Click here to lear... See more »

Fifth Third Bank Videos

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Headquarters

5050 Kingsley Drive

Cincinnati, Ohio45263

1-513-579-5353

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Summary

ABOUT

Overview

Fifth Third Bank provides personal, business, and commercial banking products and services. Fifth Third Bank was founded in 1858. Fifth Third Bank's headquarters is located in Cincinnati, Ohio, USA 45263. Fifth Third Bank's Chairman & CEO, Greg D. Ca...

CEO

Fifth Third Bank's Chairman & CEO, Greg D. Carmichael, currently has an approval rating of 61%. Fifth Third Bank's primary competitors are Bank of America, Citi & Huntington Bank.

Website

53.com

Frequently Asked Questions about Fifth Third Bank

  1. When was Fifth Third Bank founded?

    Fifth Third Bank was founded in 1858
  2. Who is Fifth Third Bank's CEO?

    Fifth Third Bank's CEO is Greg D. Carmichael
  3. How much revenue does Fifth Third Bank generate?

    Fifth Third Bank generates $7.9B in revenue
  4. How much funding does Fifth Third Bank have?

    Fifth Third Bank has historically raised $0 in funding
  5. Where is Fifth Third Bank's headquarters?

    Fifth Third Bank's headquarters is in Cincinnati Ohio, USA
  1. How many employees does Fifth Third Bank have?

    Fifth Third Bank has 17,437 employees
  2. What sector does Fifth Third Bank operate in?

    Fifth Third Bank is in Banks
  3. Who are Fifth Third Bank's competitors?

    Fifth Third Bank's top competitors are Bank of America, Citi, Huntington Bank
  4. Who has Fifth Third Bank invested in?

    Fifth Third Bank's has invested in companies such as Trust & Will, BWE, ApplePie Capital