Fifth Third Bancorp Management

Management criteria checks 3/4

Fifth Third Bancorp's CEO is Tim Spence, appointed in Oct 2020, has a tenure of 3.5 years. total yearly compensation is $9.39M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth €8.05M. The average tenure of the management team and the board of directors is 3.5 years and 8.5 years respectively.

Key information

Tim Spence

Chief executive officer

US$9.4m

Total compensation

CEO salary percentage	10.9%
CEO tenure	3.5yrs
CEO ownership	0.03%
Management average tenure	3.5yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Spence's remuneration changed compared to Fifth Third Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$9m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$8m	US$827k	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$4m	US$621k	US$3b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$3m	US$515k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$3m	US$493k	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$3m	US$480k	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$3b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$3m	US$462k	US$2b

Compensation vs Market: Tim's total compensation ($USD9.39M) is above average for companies of similar size in the German market ($USD5.58M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

CEO

Tim Spence (44 yo)

3.5yrs

Tenure

US$9,385,726

Compensation

Mr. Timothy N. Spence, also known as Tim, serves as the President at Fifth Third Bancorp since October 26, 2020 and serves as its Chief Executive officer since July 05, 2022 and also serves as its Director...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Spence	CEO, President & Chairman of the Board	3.5yrs	US$9.39m	0.034% $ 8.1m
James Leonard	Executive VP & COO	less than a year	US$3.43m	0.019% $ 4.4m
Jude Schramm	Executive VP & Chief Information Officer	6.1yrs	US$2.27m	0.0089% $ 2.1m
Robert Shaffer	Executive VP & Chief Risk Officer	3.4yrs	US$2.50m	0.027% $ 6.4m
Kevin Lavender	Executive VP & Head of Commercial Banking	18.3yrs	US$2.45m	0.021% $ 4.9m
Bryan Preston	Executive VP & CFO	less than a year	no data	0.0095% $ 2.2m
Mark Hazel	Executive VP	14.2yrs	no data	0.012% $ 2.9m
Rob Schipper	Head of Investment Banking & MD	no data	no data	no data
Susan Zaunbrecher	Executive VP	5.9yrs	no data	0.0087% $ 2.1m
Melissa Stevens	Executive VP & Chief Marketing Officer	3.4yrs	no data	0.0077% $ 1.8m
Nancy Pinckney	Executive VP & Chief Human Resources Officer	2.6yrs	no data	0.0096% $ 2.3m
David Girodat	Regional President	no data	no data	no data

3.5yrs

Average Tenure

53yo

Average Age

Experienced Management: FFH's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Spence	CEO, President & Chairman of the Board	1.8yrs	US$9.39m	0.034% $ 8.1m
Michael McCallister	Independent Director	12.4yrs	US$263.75k	0.00077% $ 181.2k
Emerson Brumback	Independent Director	14.5yrs	US$283.75k	0.0043% $ 1.0m
Ralph Michael	Chairman of the Cincinnati region	6.1yrs	no data	no data
Mitchell Feiger	Independent Director	5.1yrs	US$243.74k	0.082% $ 19.4m
Marsha Williams	Independent Director	2yrs	US$245.51k	0% $ 0
B. Bayh	Independent Director	12.8yrs	US$228.75k	0% $ 0
Thomas Harvey	Independent Director	5.1yrs	US$277.50k	0.018% $ 4.2m
Gary Heminger	Independent Director	17.3yrs	US$307.50k	0.0088% $ 2.1m
Nicholas Akins	Lead Independent Director	10.5yrs	US$456.22k	0% $ 0
Eileen Mallesch	Independent Director	7.6yrs	US$297.50k	0% $ 0
Katherine Blackburn	Independent Director	9.3yrs	US$252.50k	0.011% $ 2.7m

8.5yrs

Average Tenure

67.5yo

Average Age

Experienced Board: FFH's board of directors are considered experienced (8.5 years average tenure).

Fifth Third Bancorp Management

Management criteria checks 3/4

Key information

Recent management updates

Fifth Third Bancorp, Annual General Meeting, Apr 16, 2024

Fifth Third Bancorp Announces Leadership Changes, Effective January 2, 2024

Fifth Third Announces Leadership Changes

Insider recently bought €1.4m worth of stock

Fifth Third Bancorp Announces Executive Promotions

Fifth Third Bancorp Announces Board Appointments

Recent updates

Fifth Third Bancorp Reports Net Charge-Offs for the First Quarter Ended March 2024

First quarter 2024 earnings released: EPS: US$0.70 (vs US$0.78 in 1Q 2023)

Fourth quarter dividend of US$0.35 announced

Fifth Third Bancorp Declares Cash Dividend for the First Quarter of 2024, Payable on April 15, 2024

Fifth Third Bancorp, Annual General Meeting, Apr 16, 2024

Full year 2023 earnings released: EPS: US$3.23 (vs US$3.38 in FY 2022)

Full year 2023 earnings released: EPS: US$3.23 (vs US$3.38 in FY 2022)

Fifth Third Bancorp Reports Net Charged-Off Results for the Fourth Quarter Ended December 31, 2023

Upcoming dividend of US$0.35 per share at 4.1% yield

Fifth Third Bancorp Announces Leadership Changes, Effective January 2, 2024

Fifth Third Announces Leadership Changes

Insider recently bought €1.4m worth of stock

Third quarter 2023 earnings released: EPS: US$0.91 (vs US$0.92 in 3Q 2022)

Fifth Third Bancorp Increases Quarterly Cash Dividend for the Third Quarter

Upcoming dividend of US$0.35 per share at 5.2% yield

Fifth Third Bancorp Announces Executive Promotions

Fifth Third Bancorp Announces Board Appointments

Second quarter 2023 earnings released: EPS: US$0.82 (vs US$0.76 in 2Q 2022)

Fifth Third Bancorp Appoints Matt Ward as Head for Commercial Banking for Kentucky

Fifth Third Bancorp to Report Q2, 2025 Results on Jul 17, 2025

Fifth Third Bancorp to Report Q3, 2025 Results on Oct 17, 2025

Upcoming dividend of US$0.33 per share at 5.0% yield

New major risk - Revenue and earnings growth

Fifth Third Bancorp Declares Cash Dividend on Its Common Shares for the Second Quarter of 2023, Payable on July 17, 2023

Fifth Third Bancorp (NasdaqGS:FITB) acquired Rize Money, Inc.

Fifth Third Bancorp (NasdaqGS:FITB) completed the acquisition of Big Data Healthcare, LLC.

Insider recently bought €112k worth of stock

First quarter 2023 earnings released: EPS: US$0.79 (vs US$0.69 in 1Q 2022)

Independent Director recently bought €1.2m worth of stock

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings released: EPS: US$3.38 (vs US$3.78 in FY 2021)

Full year 2022 earnings released: EPS: US$3.40 (vs US$3.78 in FY 2021)

Upcoming dividend of US$0.33 per share

Fifth Third Bancorp Declares Cash Dividend for the Fourth Quarter of 2022, Payable on January 17, 2023

Insider recently sold €220k worth of stock

CEO, President & Director recently bought €256k worth of stock

Third quarter 2022 earnings released: EPS: US$0.92 (vs US$0.98 in 3Q 2021)

Fifth Third Bancorp Reports Net Charge-Offs for the Third Quarter Ended September 30, 2022

Upcoming dividend of US$0.33 per share

Fifth Third Bancorp Declares Cash Dividend for the Third Quarter of 2022, Payable on October 17, 2022

Director recently sold €308k worth of stock

Fifth Third Appoints Mark Heckler as New Chicago Region President

First half 2022 earnings released

Fifth Third Bancorp Reports Net Charge-Offs for the Quarter Ended June 2022

Upcoming dividend of US$0.30 per share

Fifth Third Bancorp Declares Cash Dividend for the Second Quarter of 2022, Payable on July 15, 2022

Insider recently sold €238k worth of stock

Insider recently sold €88k worth of stock

Fifth Third Bank Expands Early Pay to Gig Workers and Beyond

Fifth Third Bancorp (NasdaqGS:FITB) completed the acquisition of Dividend Finance, LLC from LL Funds, LLC and others.

First quarter 2022 earnings released: EPS: US$0.69 (vs US$0.94 in 1Q 2021)

Chairman & CEO recently sold €1.8m worth of stock

Fifth Third Bank Announces Appointment Art Weston as Director of Automated Channel Transformation

Chairman & CEO recently sold €1.8m worth of stock

First quarter 2022 earnings released: EPS: US$0.69 (vs US$0.94 in 1Q 2021)

Fifth Third Bancorp Reports Net Charge Offs for the First Quarter Ended March 31, 2022

Fifth Third Bancorp Elects Nicholas K. Akins as the Lead Independent Director of the Board of Directors

Fifth Third Bancorp Announces Executive Changes

Fifth Third Bancorp Names Kala Gibson to Highest Leadership Levels

Fifth Third Bancorp, Annual General Meeting, Apr 12, 2022

Full year 2021 earnings: Revenues in line with analyst expectations

Insider recently sold €104k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Fifth Third Bancorp (NasdaqGS:FITB) entered into a definitive agreement to acquire Dividend Finance, LLC from LL Funds, LLC and others.

Upcoming dividend of US$0.30 per share

Insider recently sold €151k worth of stock

Insider recently sold €422k worth of stock

Third quarter 2021 earnings released: EPS US$0.97 (vs US$0.78 in 3Q 2020)

Upcoming dividend of US$0.30 per share