Fifth Third Bancorp

Why point-of-sale lending is hot right now


It’s not necessarily new, but a confluence of trends — advances in technology, changing consumer preferences and banks’ need to diversify their balance sheets — has made it more popular than ever.


Fifth Third beefs up investment bank with health care acquisition


The acquisition of Coker Capital Advisors would be the fifth nonbank deal for the Cincinnati company in the past year.


Why Fifth Third reversed stance on splitting chairman-CEO jobs


Corporate governance experts normally recommend separating the roles, but Fifth Third's lead director says giving CEO Greg Carmichael both titles was a vote of confidence in his ability to guide the Cincinnati company.


Breakthrough: More women running banks’ legal departments


Most general counsels are men, but in 2017 women filled more than half of the top legal positions that opened up at large financial firms. The trend is likely to continue as the population of women lawyers swells and banks continue to diversify their senior ranks.


Weak spot in banks' earnings: Fee income


Net interest income has surged thanks to rising rates, but noninterest income has lagged as trading revenue has weakened, refi demand has softened and fees from deposit service charges have barely budged. Is this the new normal?


Wider margins, tax benefits boost 4Q profits at Fifth Third


One-time tax adjustments helped offset ongoing declines in commercial and auto lending at the Cincinnati company.


Fifth Third regains top CRA grade, an entree to M&A


The bank says it received an “outstanding” rating on its most recent Community Reinvestment Act examination. Its previous rating, a “needs to improve,” not only was bad publicity but restricted its ability to buy banks.


Forget 4Q results. Tax cuts will dominate earnings chatter


Banks have been in full cost-cutting mode in recent years, but with profits expected to increase substantially as a result of tax reform, all analysts and investors want to know is how they plan to spend their tax savings.


Banks tap new source of fee income in helping firms with e-payments


Commercial customers, including small businesses, seem ready to pay up to shift to faster, more sophisticated electronic invoicing and payments, and enterprising banks that provide them the technology to do so could find it lucrative.


More banks join bandwagon to raise pay after tax savings


After Wells Fargo and Fifth Third said that the looming tax cut will allow them to raise pay, four smaller banks followed suit.