Fifth Third Bancorp (NAS:FITB)
$ 42.9 -0.35 (-0.81%) Market Cap: 28.71 Bil Enterprise Value: 45.76 Bil PE Ratio: 14.37 PB Ratio: 1.57 GF Score: 70/100
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Fifth Third Bancorp at RBC Global Financial Institutions Conference Transcript

Mar 11, 2020 / 12:40PM GMT
Release Date Price: $17.66 (-8.31%)
Gerard S. Cassidy
RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

Good morning. This is Gerard Cassidy from RBC Capital Markets. Kicking off our second day of the RBC Capital Markets Global Financial Institutions Conference. Thank you, everybody, for attending. I'm very pleased and privileged to have with us today Fifth Third Bancorp. Fifth Third is led by Chairman, President and CEO, Greg Carmichael. Also joining us from Fifth Third is their Chief Financial Officer, Tayfun Tuzun; and then also their Chief Credit Officer, Richard Stein.

As many of you know, Fifth Third's headquartered in Cincinnati, Ohio. It has a market cap of about $13 billion. And it has the total assets today of almost $170 billion with loans of about $110 billion, deposits of $127 billion. Last year, they had a return on assets of 129 basis points and a return on average common equity of almost 11%.

The management team has some prepared remarks, which I'm going to turn it over now to Greg Carmichael, again, Chairman, President and CEO. Greg?

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