- Market Cap: $33.61 billion (January 2026)
- Total Assets: $213 billion
- Annual Revenue: $8.35 billion (2024)
- Employees: 18,616
- Branches: 1,087 across 12 states
Fifth Third Bancorp operates as one of the largest regional bank holding companies in the United States. Headquartered in Cincinnati, Ohio, the company serves millions of customers through its subsidiary Fifth Third Bank. The institution provides commercial banking, consumer banking, and wealth management services across the Midwest and Southeastern United States.
The bank traces its origins to 1858 in Cincinnati. Today, Fifth Third ranks among the top 15 U.S. banks by assets. The company trades on the NASDAQ under the ticker symbol FITB. Forbes recognizes Fifth Third as one of the World’s Best Banks and a top 2000 largest public company globally.
Fifth Third Bancorp History
Fifth Third Bancorp Co-founders
William W. Scarborough
Founded the Bank of the Ohio Valley in Cincinnati on June 17, 1858, with eleven other entrepreneurs. This institution became the earliest predecessor in Fifth Third’s corporate lineage.
Jacob G. Schmidlapp
Founded Union Savings Bank and Trust Company in 1890, another key predecessor institution. He established the Charlotte R. Schmidlapp Fund in 1908, America’s first private fund for women’s education.
Fifth Third Bancorp Revenue
Fifth Third Bancorp generated $8.35 billion in revenue during 2024, representing a slight decrease from $8.39 billion in 2023. The company’s diversified revenue streams include net interest income from lending operations, fee-based services, and wealth management activities.
Revenue growth accelerated following the 2019 MB Financial acquisition, which added significant fee income from commercial banking in Chicago. The company maintains stable income through commercial lending, consumer banking products, and payment processing services.
Fifth Third Bancorp Marketcap
Fifth Third Bancorp carries a market capitalization of approximately $33.61 billion as of January 2026. The company’s valuation increased 12.36% during 2025, driven by strong earnings performance and the announced Comerica acquisition.
The bank’s stock reached an all-time high closing price of $49.82 on January 8, 2026. Market capitalization peaked at $33.49 billion in 2003 before declining during the 2008 financial crisis and recovering through strategic growth initiatives.
Fifth Third Bancorp Acquisitions
Fifth Third Bancorp built its regional banking franchise through strategic acquisitions spanning more than three decades. The company completed over 30 acquisitions since 1989, targeting geographic expansion and service capability enhancements. This approach transformed Fifth Third from an Ohio-based institution into a multi-state regional powerhouse.
The 2001 acquisition of Old Kent Financial Corporation marked a turning point. At $5.5 billion, this deal doubled the bank’s size and expanded operations into Michigan. Fifth Third integrated Old Kent’s branches and customer relationships over a six-month period, establishing its successful acquisition playbook.
The MB Financial acquisition in 2019 strengthened Fifth Third’s position in the competitive Chicago market. The $4.7 billion all-stock transaction added 90 branches and created the fourth-largest bank in Chicago by deposits. Fifth Third gained significant middle-market commercial banking relationships and enhanced its small business lending capabilities through this merger.
Recent acquisitions focused on technology and specialized services. Fifth Third purchased Dividend Finance in 2022 to enter residential solar lending. The company acquired Rize Money and Big Data Healthcare in 2023 to expand embedded payments and healthcare analytics capabilities. DTS Connex joined the portfolio in August 2025, adding cash management solutions for merchants and banks.
The October 2025 announcement to acquire Comerica Bank for $10.9 billion represents the largest U.S. bank deal of that year. This all-stock transaction combines Fifth Third’s retail banking strengths with Comerica’s middle-market franchise. The combined entity will operate in 17 of the 20 fastest-growing U.S. markets, including Texas and California. Shareholders approved the merger in January 2026, with closing expected in the first quarter.
Fifth Third Bancorp Competitors
Fifth Third Bancorp competes with national money-center banks and regional institutions across consumer banking, commercial lending, and wealth management. The company faces competition from larger rivals with greater scale and smaller community banks with deeper local relationships.
| Competitor | Headquarters | Primary Markets |
|---|---|---|
| JPMorgan Chase | New York, NY | Nationwide |
| Wells Fargo | San Francisco, CA | Nationwide |
| U.S. Bancorp | Minneapolis, MN | West, Midwest |
| Truist Financial | Charlotte, NC | Southeast, Mid-Atlantic |
| PNC Financial Services | Pittsburgh, PA | East, Midwest, South |
| Citizens Financial Group | Providence, RI | Northeast, Mid-Atlantic |
| Huntington Bancshares | Columbus, OH | Midwest |
| KeyCorp | Cleveland, OH | Northeast, Midwest |
| Regions Financial | Birmingham, AL | South, Midwest |
| M&T Bank | Buffalo, NY | Northeast, Mid-Atlantic |
The Comerica acquisition positions Fifth Third to compete more effectively in Texas and California, two markets with significant growth potential. Super-regional banks continue consolidating to achieve scale advantages against both national competitors and fintech disruptors.
FAQs
What does Fifth Third Bank’s name mean?
The name comes from the 1908 merger of Fifth National Bank and Third National Bank in Cincinnati. The combined name preserved both institutions’ historical identities rather than choosing one over the other.
Where is Fifth Third Bank headquartered?
Fifth Third Bank maintains its headquarters at 38 Fountain Square Plaza in Cincinnati, Ohio. The company has operated from Cincinnati since its founding predecessors opened in 1858.
How many branches does Fifth Third Bank operate?
Fifth Third operates 1,087 full-service branches and approximately 2,400 ATMs across 12 states including Ohio, Florida, Michigan, Illinois, Indiana, Kentucky, and Tennessee.
Is Fifth Third Bank a Fortune 500 company?
Yes, Fifth Third Bancorp ranks 321st on the Fortune 500 list. The company consistently appears among America’s largest corporations based on annual revenue and total assets.
What is Fifth Third Bank’s stock symbol?
Fifth Third Bancorp trades on the NASDAQ Global Select Market under the ticker symbol FITB. The stock has been publicly traded since the company’s early days as a regional Ohio bank.