Timothy Spence - Fifth Third Executive Vice President Chief Strategy Officer

FITB Stock  USD 48.06  0.10  0.21%   

President

Mr. Timothy N. Spence is Executive Vice President, Head of Consumer Bank, Payments, and Strategy of the Company. Previously, Mr. Spence was Head of Payments, Strategy and Digital Solutions since 2017, and Chief Strategy Officer of the Bancorp since September 2015. Previously, Mr. Spence was a senior partner in the Financial Services practice at Oliver Wyman since 2006, a global strategy and risk management consulting firm.. since 2018.
Age 45
Tenure 6 years
Address 38 Fountain Square Plaza, Cincinnati, OH, United States, 45263
Phone800 972 3030
Webhttps://www.53.com
Spence will oversee all aspects of strategic planning, including mergers and acquisitions. Spence joins Fifth Third from Oliver Wyman, where he was a senior partner in the Retail and Business Banking practice, providing advice on strategy, innovation and performance improvement to executives at the world largest financial institutions. His background also includes consulting in the wholesale banking, wealth management and payments businesses. Spence served as the firm Midwest Market leader. Prior to joining Oliver Wyman in 2006, Spence held management positions in sales and marketing, corporate development and finance at two earlystage technology firms. He received his bachelor degree from Colgate University in Economics and English Literature.

Fifth Third Management Efficiency

The company has return on total asset (ROA) of 0.0104 % which means that it generated a profit of $0.0104 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1192 %, meaning that it created $0.1192 on every $100 dollars invested by stockholders. Fifth Third's management efficiency ratios could be used to measure how well Fifth Third manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.01. The current year's Return On Capital Employed is expected to grow to 0.04. At present, Fifth Third's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 194.8 B, whereas Other Assets are projected to grow to (3.3 B).
Fifth Third Bancorp currently holds 18.91 B in liabilities with Debt to Equity (D/E) ratio of 7.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Note, when we think about Fifth Third's use of debt, we should always consider it together with its cash and equity.

Similar Executives

Showing other executives

PRESIDENT Age

Christopher KayMT Bank
55
David KennedyTruist Financial Corp
62
Anthony RestelFirst Horizon National
54
James ChosyUS Bancorp
60
Robert BojdakMT Bank
65
Scott PetersRegions Financial
62
Tara PlimptonRegions Financial
55
Jeff FlemingFirst Horizon National
62
Terry AkinsFirst Horizon National
60
Eric EllingsenZions Bancorporation
47
Susan SpringfieldFirst Horizon National
56
Jana LitseyHuntington Bancshares Incorpora
61
Mary BakerCitizens Financial Group,
63
John TurnerRegions Financial
62
Malcolm GriggsCitizens Financial Group,
63
Darren KingMT Bank
54
Thomas LaursenZions Bancorporation
72
Helga HoustonHuntington Bancshares Incorpora
63
Robert McAuslanWestern Alliance Bancorporation
76
David WeaverTruist Financial Corp
57
Brendan CoughlinCitizens Financial Group,
44
Fifth Third is a bank thats as long on innovation as it is on history. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ Global Select Market under the symbol FITB. Investor information and press releases can be viewed at www.53.com. Fifth Third operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 19187 people. Fifth Third Bancorp (FITB) is traded on NASDAQ Exchange in USA. It is located in 38 Fountain Square Plaza, Cincinnati, OH, United States, 45263 and employs 18,579 people. Fifth Third is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Fifth Third Bancorp Leadership Team

Elected by the shareholders, the Fifth Third's board of directors comprises two types of representatives: Fifth Third inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fifth. The board's role is to monitor Fifth Third's management team and ensure that shareholders' interests are well served. Fifth Third's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fifth Third's outside directors are responsible for providing unbiased perspectives on the board's policies.
Rob Schipper, Head MD
Bryan Preston, Executive CFO
David Girodat, Regional President
James CPA, Executive COO
Thomas Welch, Regional President
Melissa Stevens, Senior Vice President Chief Digital Officer and Head of Omni-Channel Banking
Kevin Lavender, Executive Banking
Jude Schramm, Executive Vice President CIO
Timothy Spence, Executive Vice President Chief Strategy Officer
Robert Shaffer, Chief Human Resource Officer, Executive Vice President
Gregory Carmichael, President CEO, Director
Thomas Partridge, Regional President
Mark Hazel, Principal Accounting Officer, Sr. VP and Controller
Christopher Doll, Director Relations
Mike Butera, Head Bank
Jeffrey Lopper, Senior Officer
Randolph Koporc, Executive Vice President
Susan JD, Executive Officer
Nancy Pinckney, Executive Officer

Fifth Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fifth Third a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Fifth Third Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fifth Third's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fifth Third Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fifth Third Bancorp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fifth Third Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fifth Third. If investors know Fifth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fifth Third listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Dividend Share
1.42
Earnings Share
3
Revenue Per Share
11.78
Quarterly Revenue Growth
(0.03)
The market value of Fifth Third Bancorp is measured differently than its book value, which is the value of Fifth that is recorded on the company's balance sheet. Investors also form their own opinion of Fifth Third's value that differs from its market value or its book value, called intrinsic value, which is Fifth Third's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fifth Third's market value can be influenced by many factors that don't directly affect Fifth Third's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fifth Third's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fifth Third is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fifth Third's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.