FIFTH THIRD BANCORP (FITB)
Sector: Financials
Sector: Financials
FIFTH THIRD BANCORP - Executive Compensation
President and Chief Executive Officer, Fifth Third Bancorp
Executive Compensation
Timothy N. Spence is the President and Chief Executive Officer of Fifth Third Bancorp, a Fortune 500 financial holding company headquartered in Cincinnati, Ohio, overseeing operations for Fifth Third Bank across 11 states. With nearly two decades of dedicated service at the organization, Spence has played a pivotal role in transforming the company into a dynamic leader in commercial banking, consumer lending, and digital financial services. His strategic vision has driven significant revenue growth, expanded market share, and bolstered the bank's resilience through economic cycles. Spence joined Fifth Third in 2004 following a successful career at Bank of America, where he honed his expertise in corporate and commercial banking. Rising rapidly through the ranks, he served as Managing Director in Corporate Banking, Executive Vice President and Head of Commercial Banking, and President of Fifth Third Bank starting in 2021. In these roles, he spearheaded initiatives that enhanced client relationships, integrated advanced technologies, and delivered record profitability, including navigating the bank through the challenges of the COVID-19 pandemic with strong capital management. Appointed President and CEO of Fifth Third Bancorp in April 2023, Spence continues to champion innovation, sustainability, and inclusive growth. A graduate of the University of Virginia with a B.A. in Economics and an MBA from Wake Forest University, he is actively involved in industry leadership through boards such as the Federal Reserve Bank of Cleveland and community organizations, underscoring his commitment to fostering economic opportunity.