Fifth Third Bancorp at RBC Capital Markets Global Financial Institutions Conference (Virtual) Transcript
Good morning, everyone. I'm Gerard Cassidy here at RBC Capital markets. And with -- and I want to welcome everybody to our 25th Annual Financial Institutions Conference. And we have today presenting Fifth Third. Fifth Third, as many of you know, is the 11th largest bank in the United States with over $200 billion in assets. Its franchise coverage is about -- over 11 -- or it covers 11 states. They have just over 1,100 branches. Market cap is about $26 billion. Stock trades is at about 1.2 to 1.3x book value and they have a dividend yield of just over 3%. The CET1 ratio, common equity Tier 1 ratio, which is always very critical, is at 10.3%. And in the first quarter, they plan or have announced that they could buy back up to $180 million worth of common stock.
With us today, I'm very pleased to have Greg Carmichael, the Chairman and CEO of Fifth Third. He will be presenting initially with some slides that you see on the screen. He became the Chairman and CEO of Fifth
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