
Work Here?
Work Here?
Work Here?
Fifth Third Bank offers banking products and services for individuals, small businesses, and commercial clients, including deposits, loans, mortgages, insurance, and wealth management. Customers access these offerings through branches and online platforms (53.com), with advisory services for investment and retirement planning. The bank earns revenue from interest on loans, banking fees, and commissions from insurance and investment products. Its goal is to provide comprehensive financial solutions and support community financial education while growing through a mix of fees, interest, and advisory revenue.
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Cincinnati, Ohio
Founded
1858
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$1.6B
Above
Industry Average
Funded Over
1 Rounds
Health Insurance
Paid Sick Leave
Paid Holidays
Performance Bonus
Flexible Work Hours
Deckers Outdoor Corporation and its subsidiaries have amended their credit agreement, increasing their unsecured revolving credit facility to $500 million. The amendment extends the maturity date to 27 August 2031 and removes Deckers Benelux B.V. as a borrower. The amended facility, arranged by Citibank, HSBC, and Fifth Third Bank, will be used for working capital and general corporate purposes. Interest rates are based on various benchmarks plus a margin of 1.00% to 1.50% per annum, depending on the company's leverage ratio. Commitment fees have been reduced to 0.10% to 0.175% per annum on unused amounts. The original credit agreement was established in December 2022 with Citibank as administrative agent.
Fifth Third has invested in Payload, an embedded finance company specialising in complex multi-party payments for sectors like real estate, law firms, and construction. The investment amount was not disclosed. The bank operates its own embedded payments division, Newline, which generated over $1 billion in fee revenue in 2025. Newline serves major clients including Stripe, Trustly, and ADP, expecting to process more than $25 trillion in payment volume in 2026, up from $9 trillion in 2016. JPMorgan notes that Newline drives significant deposit growth for Fifth Third, with the bank targeting annual deposit increases of 35-50% through the division. The Payload investment expands Fifth Third's embedded payments reach without an acquisition.
Super-regional banks reported commercial loan growth and higher net interest income in Q2 2026, according to Trepp. Net interest income rose sequentially at all 11 banks, with Citizens and PNC each up 4%. Major acquisitions affected year-over-year comparisons. Fifth Third absorbed Comerica, Huntington added Veritex and Cadence, and PNC acquired FirstBank of Lakewood. Net charge-off ratios declined at eight banks, whilst credit loss allowances fell at 10 of 11 institutions. However, commercial real estate performance diverged. Citizens reduced its CRE charge-off rate to 0.36% from 0.64%, and PNC cut nonperforming CRE balances by 10%. Truist, U.S. Bancorp, and KeyCorp each recorded higher CRE nonperforming assets despite overall charge-off declines, suggesting uneven stress from legacy office and multifamily exposure.
PRN Funding, LLC (“PRN Funding”), a leading provider of invoice factoring solutions for the homecare industry, announced today that it has closed on a senior
CenterPoint Energy has announced a $700 million offering of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series E, due 2058. The company entered into an underwriting agreement on 30 July 2026 with a syndicate led by Mizuho Securities USA, PNC Capital Markets, Scotia Capital (USA), TD Securities (USA), and U.S. Bancorp Investments. The notes will pay interest semi-annually on 15 February and 15 August, beginning 15 February 2027. They will be listed on the New York Stock Exchange and NYSE Texas. CenterPoint may defer interest payments for up to 10 consecutive years. During any deferral period, the company cannot pay dividends on its capital stock, redeem or repurchase shares, or make payments on junior or equal-ranking debt until all deferred interest is paid.
Find jobs on Simplify and start your career today
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Cincinnati, Ohio
Founded
1858
Find jobs on Simplify and start your career today