As of December 31, 2023, the company said it had $215 billion in assets, $169 billion in deposits and 1,088 branches in the U.S., ranking 10th, 10th and 8th in the country, respectively, according to its presentation materials.

8-KRegulation FD DisclosureFiled Feb 5, 2024Period of report Feb 5, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

As of December 31, 2023, the company said it had $215 billion in assets, $169 billion in deposits and 1,088 branches in the U.S., ranking 10th, 10th and 8th in the country, respectively, according to its presentation materials.
Fifth Third said its Common equity tier 1 ratio rose from 9.28% to 10.29%, and that it built more than 100 basis points of capital in 2023. It said its loan-to-core deposit ratio was 72%, and its uninsured deposit coverage ratio was 140%.
The company said adjusted fee revenue accounted for about 34% of total adjusted revenue in 2023. It said adjusted noninterest income for fiscal 2023 was $3.0B.
The company said its renewable energy loan balance increased from $2.3B as of December 31, 2022 to $4.5B as of December 31, 2023. It also said it expects Dividend loan originations of $2.5B to $3B in 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Assets, Deposits and Branch Footprint

As of December 31, 2023, the company said it had $215 billion in assets, $169 billion in deposits and 1,088 branches in the U.S., ranking 10th, 10th and 8th in the country, respectively, according to its presentation materials.

Source · Based on the filing body and exhibits

Capital Ratios and Liquidity Metrics

Fifth Third said its Common equity tier 1 ratio rose from 9.28% to 10.29%, and that it built more than 100 basis points of capital in 2023. It said its loan-to-core deposit ratio was 72%, and its uninsured deposit coverage ratio was 140%.

Source · Based on the filing body and exhibits

Fee Revenue Mix

The company said adjusted fee revenue accounted for about 34% of total adjusted revenue in 2023. It said adjusted noninterest income for fiscal 2023 was $3.0B.

Source · Based on the filing body and exhibits

Dividend Loan Originations Outlook for 2024

The company said its renewable energy loan balance increased from $2.3B as of December 31, 2022 to $4.5B as of December 31, 2023. It also said it expects Dividend loan originations of $2.5B to $3B in 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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