Fifth Third Bancorp
Stock Symbol: FITB
Fifth Third Center
38 Fountain Square Plaza
Fifth Third Bancorp Industry:
Fifth Third Bancorp Description:
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $81 billion in assets, operates 17 affiliate banks with 939 full-service Banking Centers, including 132 Bank Mart(R) locations open seven days a week inside select grocery stores and 1,864 Jeanie(R) ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee and West Virginia. The financial strength of Fifth Third's affiliate banks continues to be recognized by rating agencies with deposit ratings of AA- and Aa1 from Standard & Poor's and Moody's, respectively.
Fifth Third Bancorp Financial Summary:
For the nine months ended 30 September 2005, Fifth Third Bancorp's interest income rose 20% to $3.64B. Net interest income after loan loss provision fell 1% to $2.04B. Net income applicable to Common fell 10% to $1.22B. Net interest income reflects higher loans outstanding, offset by higher borrowing costs. Lower net income reflects an increase in employee compensation and benefit expenses.
Fifth Third Bancorp Business Summary:
Fifth Third Bancorp (FITB) is a bank holding company that conducts its principal activities through its banking and non-banking subsidiaries from 1,011 banking centers located throughout Ohio, Indiana, Kentucky, Michigan, Illinois, Florida, West Virginia and Tennessee. Principal activities include commercial and retail banking, investment advisory services and electronic payment processing. As of December 31, 2004, the Company's wholly owned second-tier holding company, Fifth Third Financial Corporation, had eight wholly-owned direct subsidiaries: Fifth Third Bank; Fifth Third Bank (Michigan); Fifth Third Bank National Association (Fifth Third Bank); Fifth Third Community Development Corporation; Fifth Third Investment Company; Old Kent Capital Trust I, Franklin Capital Trust I, and Fifth Third Reinsurance Company, Ltd.