Fifth Third Releases Results of 2018 Dodd-Frank Act Company-Run Capital Stress Test
June 21 2018 - 5:15PM
Business Wire
Fifth Third Bancorp (NASDAQ: FITB) today released the results of
its company-run stress test as required by the Dodd-Frank Act
Stress Test (DFAST) rules (12 CFR Part 252). These rules require
that covered companies disclose certain results from its stress
test including: a description of the types of risk included in the
stress test, a general description of methodologies used in the
stress test, estimates of certain financial results and pro forma
capital ratios, and an explanation of the most significant causes
for the changes in regulatory capital ratios. The results are
available on Fifth Third’s Investor Relations website at
http://ir.53.com by clicking on “Annual & Quarterly
Reports.”
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2018, the
Company had $142 billion in assets and operates 1,153 full-service
Banking Centers, and 2,459 Fifth Third branded ATMs in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. In total, Fifth Third
provides its customers with access to more than 54,000 fee-free
ATMs across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending,
and Wealth & Asset Management. Fifth Third is among the largest
money managers in the Midwest and, as of March 31, 2018, had $363
billion in assets under care, of which it managed $37 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses. Investor
information and press releases can be viewed at www.53.com. Fifth
Third’s common stock is traded on the NASDAQ® Global Select Market
under the symbol “FITB.”
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version on businesswire.com: https://www.businesswire.com/news/home/20180621006361/en/
Fifth Third BancorpInvestors:Sameer Gokhale,
513-534-2219orMedia:Larry Magnesen, 513-534-8055
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