Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. It operates through three main businesses: Commercial Banking, Consumer and Small Business Banking, and Wealth & Asset Management. The company's subsidiaries provide a wide range of financial products and services, including checking, savings, and money market accounts, wealth management solutions, payments and commerce solutions, insurance services, and credit products. Fifth Third is among the largest money managers in the Midwest, with $574 billion in assets under care as of December 31, 2023. The company competes with traditional financial institutions, securities dealers, brokers, mortgage bankers, investment advisors, specialty finance, telecommunications, technology and insurance companies, as well as large retailers.

• Employees: 18,724 (as of December 31, 2023)
• Geographic Footprint: Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina
• Headquarters: Cincinnati, Ohio
• Founded: 1975
• Number of locations/facilities: 1,088 full-service Banking Centers and 2,104 Fifth Third branded ATMs
• Revenue: $8.733 billion (FY2023)
• Market Capitalization: $15.5 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Fifth Third Bank, National Association

• CEO: Timothy N. Spence
• CFO: Bryan D. Preston
• Board Chair: Timothy N. Spence
• Other Key Executives: Kristine R. Garrett (Executive Vice President, Group Regional President and Head of Wealth & Asset Management), Kala J. Gibson (Executive Vice President and Chief Corporate Responsibility Officer), Mark D. Hazel (Executive Vice President and Controller), Kevin P. Lavender (Executive Vice President and Head of Commercial Bank), James C. Leonard (Executive Vice President and Chief Operating Officer), Nancy C. Pinckney (Executive Vice President and Chief Human Resources Officer), Jude A. Schramm (Executive Vice President and Chief Information Officer), Robert P. Shaffer (Executive Vice President and Chief Risk Officer), and Melissa S. Stevens (Executive Vice President and Chief Marketing Officer), Susan B. Zaunbrecher (Executive Vice President, Chief Legal Officer and Corporate Secretary)

Key leaders' tenure and experience are included in the full text of the 10-K.

• Annual Revenue: $8.733 billion (FY2023)
• Net Income: $2.349 billion (FY2023)
• Market Cap: $15.5 billion (as of June 30, 2023)
• Total Assets: $215 billion (as of December 31, 2023)
• Employees: 18,724 (as of December 31, 2023)
• Key Financial Highlights: Net interest income on an FTE basis was $5.9 billion, and net interest margin was 3.05% for FY2023.

The Bancorp's subsidiaries provide a wide range of financial products and services, including:

• Checking, savings, and money market accounts: Various deposit accounts for personal and business needs.
• Wealth management solutions: Investment advisory and wealth management services.
• Payments and commerce solutions: Services for payment processing and commerce.
• Insurance services: Various insurance products.
• Credit products: Commercial loans and leases, mortgage loans, credit cards, installment loans and auto loans.

The Bancorp operates through three main business segments:

• Commercial Banking: Provides financial services to large and middle-market businesses, government and professional customers.
• Consumer and Small Business Banking: Offers a range of deposit and loan products to individuals and small businesses.
• Wealth and Asset Management: Provides wealth management solutions for individuals, companies and not-for-profit organizations.

The Bancorp's strategy for growth includes strengthening its presence in core markets and broadening its product offerings. Key strategic initiatives include:

• Attracting, developing and retaining talent.
• Delivering personalized and accessible experiences to customers.
• Focusing on equality, equity and inclusion.
• Evaluating strategic acquisition and investment opportunities.

The Bancorp operates in the financial services industry and competes with traditional financial institutions, securities dealers, brokers, mortgage bankers, investment advisors, specialty finance, telecommunications, technology and insurance companies, as well as large retailers. Key market trends affecting the business include changes in regulation, technology, product delivery systems and consolidation among financial service providers. The Bancorp's market position and share information are not explicitly stated in the 10-K.

• Credit Risks: Deteriorating credit quality and concentration of loans by borrower, location, or industry.
• Liquidity Risks: Inability to maintain adequate funding sources, access capital markets or retain deposits.
• Operational Risks: Cybersecurity breaches, system failures, third-party provider failures, and fraud.
• Regulatory Risks: Extensive regulation and supervision by federal and state authorities, including the FRB, CFPB, OCC, and FDIC.