Fifth Third Bancorp Management

Management criteria checks 4/4

Fifth Third Bancorp's CEO is Tim Spence, appointed in Oct 2020, has a tenure of 3.83 years. total yearly compensation is $9.39M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.037% of the company’s shares, worth $9.98M. The average tenure of the management team and the board of directors is 3.8 years and 8.8 years respectively.

Key information

Tim Spence

Chief executive officer

US$9.4m

Total compensation

CEO salary percentage	10.9%
CEO tenure	3.8yrs
CEO ownership	0.04%
Management average tenure	3.8yrs
Board average tenure	8.8yrs

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
Jun 30 2024	n/a	n/a	US$2b
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 ($USD9.39M) is below average for companies of similar size in the US market ($USD13.47M).

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

CEO

Tim Spence (45 yo)

3.8yrs

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	3.8yrs	US$9.39m	0.037% $ 10.0m
James Leonard	Executive VP & COO	less than a year	US$3.43m	0.019% $ 5.1m
Jude Schramm	Executive VP & Chief Information Officer	6.4yrs	US$2.27m	0.010% $ 2.7m
Robert Shaffer	Executive VP & Chief Risk Officer	3.8yrs	US$2.50m	0.029% $ 7.6m
Kevin Lavender	Executive VP & Head of Commercial Banking	18.7yrs	US$2.45m	0.018% $ 4.9m
Bryan Preston	Executive VP & CFO	less than a year	no data	0.0096% $ 2.6m
Mark Hazel	Executive VP	14.5yrs	no data	0.012% $ 3.3m
Rob Schipper	Head of Investment Banking & MD	no data	no data	no data
Susan Zaunbrecher	Executive VP	6.3yrs	no data	0.0088% $ 2.3m
Melissa Stevens	Executive VP & Chief Marketing Officer	3.8yrs	no data	0.0077% $ 2.1m
Nancy Pinckney	Executive VP & Chief Human Resources Officer	2.9yrs	no data	0.0097% $ 2.6m
David Girodat	Regional President	no data	no data	no data

3.8yrs

Average Tenure

54yo

Average Age

Experienced Management: FITB.I's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Spence	CEO, President & Chairman of the Board	2.1yrs	US$9.39m	0.037% $ 10.0m
Michael McCallister	Independent Director	12.8yrs	US$277.50k	0.00078% $ 208.3k
Emerson Brumback	Independent Director	14.8yrs	US$283.75k	0.0044% $ 1.2m
Ralph Michael	Chairman of the Cincinnati region	6.4yrs	no data	no data
Mitchell Feiger	Independent Director	5.4yrs	US$243.74k	0.077% $ 20.6m
Marsha Williams	Independent Director	2.3yrs	US$245.51k	0% $ 0
B. Bayh	Independent Director	13.2yrs	US$238.75k	0% $ 0
Thomas Harvey	Independent Director	5.4yrs	US$277.50k	0.018% $ 4.8m
Gary Heminger	Independent Director	17.7yrs	US$307.50k	0.0088% $ 2.4m
Nicholas Akins	Lead Independent Director	10.8yrs	US$456.22k	0% $ 0
Eileen Mallesch	Independent Director	7.9yrs	US$297.50k	0% $ 0
Katherine Blackburn	Independent Director	9.7yrs	US$252.50k	0.011% $ 3.1m

8.8yrs

Average Tenure

68.5yo

Average Age

Experienced Board: FITB.I's board of directors are considered experienced (8.8 years average tenure).

Fifth Third Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

Fifth Third Bancorp Announces Management Appointments

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

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

Fifth Third Announces Leadership Changes

Fifth Third Bancorp Announces Executive Promotions

Fifth Third Bancorp Announces Board Appointments

Recent updates

Fifth Third Bancorp to Report Q4, 2025 Results on Jan 22, 2026

Fifth Third Bancorp Announces Corporate & Investment Banking Structure

Fifth Third Bancorp Declares Cash Dividend on Its Common Shares for the Third Quarter of 2024, Payable on October 15, 2024

Fifth Third Bancorp Announces Management Appointments

Fifth Third Bancorp Declares Cash Dividend for the Second Quarter of 2024, Payable on July 15, 2024

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

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

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

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

Fifth Third Announces Leadership Changes

Fifth Third Bancorp Increases Quarterly Cash Dividend for the Third Quarter

Fifth Third Bancorp Announces Executive Promotions

Fifth Third Bancorp Announces Board Appointments

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

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.

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

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

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

Fifth Third Appoints Mark Heckler as New Chicago Region President

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

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

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.

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

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

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

Fifth Third Bancorp (NasdaqGS:FITB) completed the acquisition of remaining stake in Provide, Inc.

Fifth Third Bancorp (NasdaqGS:FITB) signed a definitive agreement to acquire Provide, Inc.

COFORGE Limited (NSEI:COFORGE) completed the acquisition of 60% stake in SLK Global Solutions Private Limited from Fifth Third Bancorp (NasdaqGS:FITB) and founders of SLK Global.

Fifth Third Bancorp Declares Cash Dividend on its Common Shares for the First Quarter of 2021, Payable on April 15, 2021

Fifth Third Bancorp, Annual General Meeting, Apr 13, 2021

Fifth Third Bancorp Appoints Kala Gibson to the National Urban League’S Board of Directors

Fifth Third Bancorp(NasdaqGS:FITB) dropped from Russell 1000 Defensive Index

An unknown buyer agreed to acquire health savings account business from Fifth Third Bancorp (NasdaqGS:FITB).

Fifth Third Announces Executive Changes

Fifth Third Introduces the Fifth Third Cash/Back Card

Fifth Third Bancorp Announces the Appointment of Jamie Leonard as Chief Financial Officer

Fifth Third Bancorp to Report Q1, 2021 Results on Apr 20, 2021

Fifth Third Bancorp Appoints Timothy N. Spence as President

Fifth Third Bancorp (NasdaqGS:FITB) acquired unknown minority stake in Bellwether Enterprise Real Estate Capital, LLC from Enterprise Community Investment, Inc.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age