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

Fifth Third Bancorp at BancAnalysts Association of Boston Conference Transcript

Nov 04, 2022 / 03:20PM GMT
Release Date Price: $35.13 (+3.51%)
Gerard Sean Cassidy
RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

(technical difficulty) the management team of Fifth Third. As many of you know, Fifth Third is the 13th largest bank in the United States with assets just over $200 billion in revenues this year or possibly just over $8.4 billion. The company is a well-diversified regional bank with about 69% of its revenues from net interest income and the remaining from fees.

We're very pleased today to have Tim Spence, who's the CEO. As you may recall, Tim was appointed to this role in July or assumed this role in July of 2022, and he's been with the bank since 2015, and prior to that, was in the consulting industry and joined the bank, as I mentioned, heading up their North Star strategy at that time.

And to his left, of course, is Jamie Leonard, who is Executive Vice President and Chief Financial Officer; Jamie has been with the bank, I think, since 1999 and has held a number of senior roles in the finance area of the bank. And with that, maybe we can kick it off with you

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