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 Capital Markets Financial Institutions Conference (Virtual) Transcript

Mar 09, 2022 / 01:40PM GMT
Release Date Price: $44.74 (+6.63%)
Gerard Sean Cassidy;Gregory D. Carmichael
RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst;Fifth Third Bancorp -

Good morning, everyone. This is Gerard Cassidy from RBC Capital Markets. We're very pleased to have Fifth Third Bancorp as our next fireside chat.

As many of you know, Fifth Third is the 12th largest bank in the United States, with about $211 billion in assets. The market cap is around $29 billion, $30 billion, and the stock trades at about 1.5x book value. It has a dividend yield of approximately 2.7%.

We are very pleased that we have today with us the Chairman and CEO, Greg Carmichael. Some of you might recall, he was President of Fifth Third back in 2012, and became CEO in 2015. Also, joining us is Jamie Leonard, the CFO. Jamie was the Chief Risk Officer back in the spring of 2020, and became the CFO in November of 2020. They have some opening remarks, and then we'll go into a fireside chat.

And with that, I'll hand it over to you, Jamie and Greg. Take it away, gentlemen.

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