filings.toolsItem 16. FORM 10–K SUMMARY
18K characters. Original on sec.gov ·
Item 16. FORM 10–K SUMMARY
None.
204 Fifth Third Bancorp
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
FIFTH THIRD BANCORP
Registrant
| /s/ Greg D. Carmichael | ||
| Greg D. Carmichael | ||
| Chairman, President and CEO | ||
| Principal Executive Officer | ||
| March 2, 2020 |
Pursuant to requirements of the Securities Exchange Act of 1934, this report has been signed on March 2, 2020 by the following persons on behalf of the Registrant and in the capacities indicated.
OFFICERS
:
| /s/ Greg D. Carmichael | ||
| Greg D. Carmichael | ||
| Chairman, President and CEO | ||
| Principal Executive Officer | ||
| /s/ Tayfun Tuzun | ||
| Tayfun Tuzun | ||
| Executive Vice President and CFO | ||
| Principal Financial Officer | ||
| /s/ Mark D. Hazel | ||
| Mark D. Hazel | ||
| Senior Vice President and Controller | ||
| Principal Accounting Officer |
DIRECTORS:
| /s/ Greg D. Carmichael | ||
| Greg D. Carmichael | ||
| Chairman | ||
| /s/ Marsha C. Williams | ||
| Marsha C. Williams | ||
| Lead Independent Director | ||
| /s/ Nicholas K. Akins | ||
| Nicholas K. Akins | ||
| /s/ B. Evan Bayh III | ||
| B. Evan Bayh III | ||
| /s/ Jorge L. Benitez | ||
| Jorge L. Benitez | ||
| /s/ Katherine B. Blackburn | ||
| Katherine B. Blackburn | ||
| /s/ Emerson L. Brumback | ||
| Emerson L. Brumback | ||
| /s/ Jerry W. Burris | ||
| Jerry W. Burris | ||
| /s/ C. Bryan Daniels | ||
| C. Bryan Daniels | ||
| /s/ Thomas H. Harvey | ||
| Thomas H. Harvey | ||
| /s/ Gary R. Heminger | ||
| Gary R. Heminger | ||
| /s/ Jewell D. Hoover | ||
| Jewell D. Hoover | ||
| /s/ Eileen A. Mallesch | ||
| Eileen A. Mallesch | ||
| /s/ Michael B. McCallister | ||
| Michael B. McCallister |
205 Fifth Third Bancorp
CONSOLIDATED TEN YEAR COMPARISON
| AVERAGE ASSETS FOR THE YEARS ENDED DECEMBER 31 ($ IN MILLIONS) | ||||||||||||||||||||||||||||||||||
| Interest-Earning Assets | ||||||||||||||||||||||||||||||||||
| Year | Loans and Leases | Federal Funds Sold (a) | Interest-Bearing Deposits in Banks (a) | Investment Securities | Total | Cash and Due from Banks | Other Assets | Total Average Assets | ||||||||||||||||||||||||||
| 2019 | $ | 107,794 | 1 | 2,139 | 35,470 | 145,404 | 2,748 | 16,903 | 163,936 | |||||||||||||||||||||||||
| 2018 | 93,876 | 1 | 1,475 | 33,553 | 128,905 | 2,200 | 12,203 | 142,183 | ||||||||||||||||||||||||||
| 2017 | 92,731 | 1 | 1,389 | 32,172 | 126,293 | 2,224 | 13,236 | 140,527 | ||||||||||||||||||||||||||
| 2016 | 94,320 | 1 | 1,865 | 30,099 | 126,285 | 2,303 | 14,870 | 142,173 | ||||||||||||||||||||||||||
| 2015 | 93,339 | 1 | 3,257 | 26,987 | 123,584 | 2,608 | 15,100 | 139,999 | ||||||||||||||||||||||||||
| 2014 | 91,127 | - | 3,043 | 21,823 | 115,993 | 2,892 | 14,443 | 131,847 | ||||||||||||||||||||||||||
| 2013 | 89,093 | 1 | 2,416 | 16,444 | 107,954 | 2,482 | 15,025 | 123,704 | ||||||||||||||||||||||||||
| 2012 | 84,822 | 2 | 1,493 | 15,319 | 101,636 | 2,355 | 15,643 | 117,562 | ||||||||||||||||||||||||||
| 2011 | 80,214 | 1 | 2,030 | 15,437 | 97,682 | 2,352 | 15,259 | 112,590 | ||||||||||||||||||||||||||
| 2010 | 79,232 | 11 | 3,317 | 16,371 | 98,931 | 2,245 | 14,758 | 112,351 | ||||||||||||||||||||||||||
| AVERAGE DEPOSITS AND SHORT-TERM BORROWINGS FOR THE YEARS ENDED DECEMBER 31 ($ IN MILLIONS) | ||||||||||||||||||||||||||||||||||||||||||
| Deposits | ||||||||||||||||||||||||||||||||||||||||||
| Year | Demand | Interest Checking | Savings | Money Market | Other Time | Certificates $100,000 and Over | Foreign Office and Other | Total | Short-Term Borrowings (b) | Total | ||||||||||||||||||||||||||||||||
| 2019 | $ | 34,343 | 36,658 | 14,041 | 25,879 | 5,470 | 4,504 | 474 | 121,369 | 2,313 | 123,682 | |||||||||||||||||||||||||||||||
| 2018 | 32,634 | 29,818 | 13,330 | 21,769 | 4,106 | 2,426 | 839 | 104,922 | 3,120 | 108,042 | ||||||||||||||||||||||||||||||||
| 2017 | 35,093 | 26,382 | 13,958 | 20,231 | 3,771 | 2,564 | 665 | 102,664 | 3,715 | 106,379 | ||||||||||||||||||||||||||||||||
| 2016 | 35,862 | 25,143 | 14,346 | 19,523 | 4,010 | 2,735 | 830 | 102,449 | 3,351 | 105,800 | ||||||||||||||||||||||||||||||||
| 2015 | 35,164 | 26,160 | 14,951 | 18,152 | 4,051 | 2,869 | 874 | 102,221 | 2,641 | 104,862 | ||||||||||||||||||||||||||||||||
| 2014 | 31,755 | 25,382 | 16,080 | 14,670 | 3,762 | 3,929 | 1,828 | 97,406 | 2,331 | 99,737 | ||||||||||||||||||||||||||||||||
| 2013 | 29,925 | 23,582 | 18,440 | 9,467 | 3,760 | 6,339 | 1,518 | 93,031 | 3,527 | 96,558 | ||||||||||||||||||||||||||||||||
| 2012 | 27,196 | 23,096 | 21,393 | 4,903 | 4,306 | 3,102 | 1,555 | 85,551 | 4,806 | 90,357 | ||||||||||||||||||||||||||||||||
| 2011 | 23,389 | 18,707 | 21,652 | 5,154 | 6,260 | 3,656 | 3,497 | 82,315 | 3,122 | 85,437 | ||||||||||||||||||||||||||||||||
| 2010 | 19,669 | 18,218 | 19,612 | 4,808 | 10,526 | 6,083 | 3,361 | 82,277 | 1,926 | 84,203 |
| INCOME FOR THE YEARS ENDED DECEMBER 31 ($ IN MILLIONS, EXCEPT PER SHARE DATA) | ||||||||||||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||
| Year | Interest Income | Interest Expense | Noninterest Income | Noninterest Expense | Net Income Available to Common Shareholders | Earnings | Diluted Earnings | Dividends Declared | ||||||||||||||||||||||||||
| 2019 | $ | 6,254 | 1,457 | 3,536 | 4,660 | 2,419 | 3.38 | 3.33 | 0.94 | |||||||||||||||||||||||||
| 2018 | 5,183 | 1,043 | 2,790 | 3,958 | 2,118 | 3.11 | 3.06 | 0.74 | ||||||||||||||||||||||||||
| 2017 | 4,489 | 691 | 3,224 | 3,782 | 2,105 | 2.86 | 2.81 | 0.60 | ||||||||||||||||||||||||||
| 2016 | 4,193 | 578 | 2,696 | 3,737 | 1,472 | 1.92 | 1.91 | 0.53 | ||||||||||||||||||||||||||
| 2015 | 4,028 | 495 | 3,003 | 3,643 | 1,610 | 2.00 | 1.97 | 0.52 | ||||||||||||||||||||||||||
| 2014 | 4,030 | 451 | 2,473 | 3,619 | 1,384 | 1.65 | 1.63 | 0.51 | ||||||||||||||||||||||||||
| 2013 | 3,973 | 412 | 3,227 | 3,978 | 1,799 | 2.05 | 2.02 | 0.47 | ||||||||||||||||||||||||||
| 2012 | 4,107 | 512 | 2,999 | 4,083 | 1,541 | 1.69 | 1.66 | 0.36 | ||||||||||||||||||||||||||
| 2011 | 4,218 | 661 | 2,455 | 3,804 | 1,094 | 1.20 | 1.18 | 0.28 | ||||||||||||||||||||||||||
| 2010 | 4,489 | 885 | 2,729 | 3,879 | 503 | 0.63 | 0.63 | 0.04 | ||||||||||||||||||||||||||
| MISCELLANEOUS AT DECEMBER 31 ($ IN MILLIONS, EXCEPT PER SHARE DATA) | ||||||||||||||||||||||||||||||||||||||||||
| Bancorp Shareholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||
| Year | Common Shares Outstanding | Common Stock | Preferred Stock | Capital Surplus | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Total | Book Value Per Share | Allowance for Loan and Lease Losses | ||||||||||||||||||||||||||||||||
| 2019 | 708,915,629 | $ | 2,051 | 1,770 | 3,599 | 18,315 | 1,192 | (5,724) | 21,203 | 27.41 | 1,202 | |||||||||||||||||||||||||||||||
| 2018 | 646,630,857 | 2,051 | 1,331 | 2,873 | 16,578 | (112) | (6,471) | 16,250 | 23.07 | 1,103 | ||||||||||||||||||||||||||||||||
| 2017 | 693,804,893 | 2,051 | 1,331 | 2,790 | 14,957 | 73 | (5,002) | 16,200 | 21.43 | 1,196 | ||||||||||||||||||||||||||||||||
| 2016 | 750,479,299 | 2,051 | 1,331 | 2,756 | 13,290 | 59 | (3,433) | 16,054 | 19.62 | 1,253 | ||||||||||||||||||||||||||||||||
| 2015 | 785,080,314 | 2,051 | 1,331 | 2,666 | 12,224 | 197 | (2,764) | 15,705 | 18.31 | 1,272 | ||||||||||||||||||||||||||||||||
| 2014 | 824,046,952 | 2,051 | 1,331 | 2,646 | 11,034 | 429 | (1,972) | 15,519 | 17.22 | 1,322 | ||||||||||||||||||||||||||||||||
| 2013 | 855,305,745 | 2,051 | 1,034 | 2,561 | 10,156 | 82 | (1,295) | 14,589 | 15.85 | 1,582 | ||||||||||||||||||||||||||||||||
| 2012 | 882,152,057 | 2,051 | 398 | 2,758 | 8,768 | 375 | (634) | 13,716 | 15.10 | 1,854 | ||||||||||||||||||||||||||||||||
| 2011 | 919,804,436 | 2,051 | 398 | 2,792 | 7,554 | 470 | (64) | 13,201 | 13.92 | 2,255 | ||||||||||||||||||||||||||||||||
| 2010 | 796,272,522 | 1,779 | 3,654 | 1,715 | 6,719 | 314 | (130) | 14,051 | 13.06 | 3,004 | ||||||||||||||||||||||||||||||||
| (a) | Federal funds sold and interest-bearing deposits in banks are combined in other short-term investments in the Consolidated Financial Statements. |
|---|
| (b) | Includes federal funds purchased and other short-term investments. |
|---|
206 Fifth Third Bancorp
DIRECTORS AND OFFICERS
FIFTH THIRD BANCORP DIRECTORS
Greg D. Carmichael
Chairman, President &
Chief Executive Officer
Fifth Third Bancorp
Marsha C. Williams, Lead Director
Retired Chief Financial Officer
Orbitz Worldwide, Inc.
Nicholas K. Akins
Chairman, President &
Chief Executive Officer
American Electric Power Company
B. Evan Bayh III
Senior Advisor
Apollo Global Management
Jorge L. Benitez
Retired Chief Executive Officer
North America of Accenture plc
Katherine B. Blackburn
Executive Vice President
Cincinnati Bengals, Inc.
Emerson L. Brumback
Retired President & Chief Operating Officer
M&T Bank
Jerry W. Burris
President and Chief Executive Officer
Midwest Can Company
C. Bryan Daniels
Founding Partner
Prairie Capital
Thomas H. Harvey
Chief Executive Officer
Energy Innovation: Policy and Technology, LLC
Gary R. Heminger
Chief Executive Officer & Chairman
Marathon Petroleum Corporation
Jewell D. Hoover
Retired Senior Official
Comptroller of the Currency
Eileen A. Mallesch
Retired Chief Financial Officer
Nationwide Property & Casualty Segment, Nationwide Mutual Insurance Company
Michael B. McCallister
Retired Chairman & Chief Executive Officer
Humana Inc.
FIFTH THIRD BANCORP OFFICERS
Greg D. Carmichael
Chairman, President &
Chief Executive Officer
Lars C. Anderson
Executive Vice President &
Vice Chairman of Commercial Banking Strategic Growth Initiatives
Mark D. Hazel
Senior Vice President &
Controller
Kevin P. Lavender
Executive Vice President &
Head of Commercial Banking
James C. Leonard
Executive Vice President &
Chief Risk Officer
Philip R. McHugh
Executive Vice President &
Head of Regional Banking, Wealth and Asset Management, and Business Banking
Jude A. Schramm
Executive Vice President &
Chief Information Officer
Robert P. Shaffer
Executive Vice President &
Chief Human Resources Officer
Timothy N. Spence
Executive Vice President &
Head of Consumer Bank, Payments,
and Strategy
Tayfun Tuzun
Executive Vice President &
Chief Financial Officer
Susan B. Zaunbrecher
Executive Vice President,
Chief Legal Officer &
Corporate Secretary
REGIONAL PRESIDENTS
Michael Ash
David A. Call
Joseph DiRocco
Timothy Elsbrock
Mitchell S. Feiger
Lee Fite
David Girodat
Tom Heiks
Francie Henry
Kevin Hipskind
Randy Koporc
Robert W. LaClair
Michael McKay
Thomas G. Welch, Jr.
FIFTH THIRD BANCORP BOARD COMMITTEES
Audit Committee
Emerson L. Brumback, Chair
C. Bryan Daniels
Jewell D. Hoover
Jorge L. Benitez
Jerry W. Burris
Eileen A. Mallesch
Finance Committee
Gary R. Heminger, Chair
Nicholas K. Akins
Emerson L. Brumback
Jewell D. Hoover
Michael B. McCallister
Marsha C. Williams
Human Capital and Compensation Committee
Michael B. McCallister, Chair
Nicholas K. Akins
Gary R. Heminger
Eileen A. Mallesch
Nominating and Corporate Governance Committee
Nicholas K. Akins, Chair
B. Evan Bayh III
Jorge L. Benitez
Katherine B. Blackburn
Thomas H. Harvey
Gary R. Heminger
Marsha C. Williams
Risk and Compliance Committee
Jewell D. Hoover, Chair
B. Evan Bayh III
Jorge L. Benitez
Katherine B. Blackburn
Jerry W. Burris
C. Bryan Daniels
Thomas H. Harvey
Technology Committee
Jorge L. Benitez, Chair
Nicholas K. Akins
B. Evan Bayh III
C. Bryan Daniels
207 Fifth Third Bancorp
Previous: Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES