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 4.17 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 $10.70M. The average tenure of the management team and the board of directors is 4.1 years and 9.8 years respectively.
Key information
Tim Spence
Chief executive officer
US$9.4m
Total compensation
| CEO salary percentage | 10.9% |
| CEO tenure | 4.2yrs |
| CEO ownership | 0.04% |
| Management average tenure | 4.1yrs |
| Board average tenure | 9.8yrs |
Recent management updates
Recent updates
Fifth Third Bancorp Doubled: Why I Believe It Has Still Room To Run
Oct 18Fifth Third Bancorp (NASDAQ:FITB) Is Increasing Its Dividend To $0.37
Sep 17
Fifth Third Bancorp Series I PFD Offers 9% Yield But Potential Negative YTC
Sep 08Fifth Third Bancorp Q2 Earnings Preview: NIM Improvement Likely Priced In (Rating Downgrade)
Jul 16Fifth Third Bancorp: Expensive For The Right Reasons
Apr 24Fifth Third Bancorp Q1 Earnings Preview: Higher Rates Could Boost Guidance (Rating Upgrade)
Apr 16Fifth Third Bancorp: Holding On To Strong Fundamentals Despite Regional Banking Headwinds
Feb 05Fifth Third Q4 Earnings: Buybacks Coming Sooner Than Expected
Jan 26Fifth Third Bancorp Q3 2022 Earnings Preview
Oct 19Fifth Third launches mortgage warehouse finance business
Sep 20Fifth Third Bancorp raises quarterly dividend by 10%
Sep 12Fifth Third Bancorp - Great Bank With An Expensive Stock
Aug 09Fifth Third Bancorp GAAP EPS of $0.76 misses by $0.11, revenue of $2.01B misses by $70M
Jul 21Fifth Third Bancorp expands sustainable finance goal to $100B target
Jun 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$2b |
| 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 about average for companies of similar size in the US market ($USD12.85M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
CEO
Tim Spence (45 yo)
4.2yrs
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 |
|---|---|---|---|---|
| Chairman | 4.2yrs | US$9.39m | 0.037% $ 10.7m | |
| Executive VP & COO | less than a year | US$3.43m | 0.019% $ 5.6m | |
| Executive VP & Chief Information Officer | 6.8yrs | US$2.27m | 0.0073% $ 2.1m | |
| Executive VP & Chief Risk Officer | 4.1yrs | US$2.50m | 0.025% $ 7.3m | |
| Executive VP & Head of Commercial Banking | 19yrs | US$2.45m | 0.019% $ 5.4m | |
| Executive VP & CFO | less than a year | no data | 0.0097% $ 2.8m | |
| Senior VP & Chief Accounting Officer | less than a year | no data | 0.0070% $ 2.0m | |
| Head of Investment Banking & MD | no data | no data | no data | |
| Executive VP | 6.6yrs | no data | 0.0089% $ 2.6m | |
| Executive VP & Chief Marketing Officer | 4.1yrs | no data | 0.0078% $ 2.3m | |
| Executive VP & Chief Human Resources Officer | 3.3yrs | no data | 0.0098% $ 2.8m | |
| Regional President | no data | no data | no data |
4.1yrs
Average Tenure
54yo
Average Age
Experienced Management: FITB's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.4yrs | US$9.39m | 0.037% $ 10.7m | |
| Independent Director | 13.1yrs | US$277.50k | 0.0024% $ 707.1k | |
| Independent Director | 15.2yrs | US$283.75k | 0.0044% $ 1.3m | |
| Chairman of the Cincinnati region | 6.8yrs | no data | no data | |
| Independent Director | 2.7yrs | US$245.51k | 0% $ 0 | |
| Independent Director | 13.5yrs | US$238.75k | no data | |
| Independent Director | 5.8yrs | US$277.50k | 0.018% $ 5.3m | |
| Independent Director | 18yrs | US$307.50k | 0.0089% $ 2.6m | |
| Lead Independent Director | 11.2yrs | US$456.22k | 0% $ 0 | |
| Independent Director | 8.3yrs | US$297.50k | 0% $ 0 | |
| Independent Director | 10yrs | US$252.50k | 0.012% $ 3.4m | |
| Independent Director | 9.6yrs | US$270.51k | 0% $ 0 |
9.8yrs
Average Tenure
68.5yo
Average Age
Experienced Board: FITB's board of directors are considered experienced (9.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 00:58 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Fifth Third Bancorp is covered by 55 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| David George | Baird |
| Jason Goldberg | Barclays |