Fifth Third Bancorp (FITB) Q4 2022 Earnings Call Transcript

Fifth Third Bancorp (NASDAQ:FITB) Q4 2022 Earnings Conference Call January 19, 2023 9:00 AM ET

Company Participants

Chris Doll - Director-Investor Relations

Timothy Spence - President and Chief Executive Officer

James Leonard - Executive Vice President and Chief Financial Officer

Bryan Preston - Treasurer

Richard Stein - Executive Vice President and Chief Credit Officer

Conference Call Participants

Gerard Cassidy - RBC

Michael Mayo - Wells Fargo

Scott Siefers - Piper Sandler

Manan Gosalia - Morgan Stanley

Ebrahim Poonawala - Bank of America

John Pancari - Evercore

Matthew O'Connor - Deutsche Bank

Operator

Good morning. My name is Rob and I will be your conference operator today. At this time, I would like to welcome everyone to the Fifth Third Bancorp Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Chris Doll, Head of Investor Relations, Fifth Third Bancorp you may begin your conference.

Chris Doll

Good morning, everyone. Welcome to Fifth Third’s fourth quarter 2022 earnings call. This morning, our President and CEO, Tim Spence; and CFO, Jamie Leonard will provide an overview of our fourth quarter results and outlook. Our Chief Credit Officer, Richard Stein; and Treasurer, Bryan Preston have also joined the Q&A portion of the call.

Please review the cautionary statements on our materials, which can be found in our earnings release and presentation. These materials contain information regarding the use of non-GAAP measures and reconciliations to the GAAP results, as well as forward-looking statements about Fifth Third's performance. These statements speak only as of January 19, 2023 and Fifth Third undertakes no obligation to update them.

Following prepared remarks by Tim and Jamie, we will open the call up for questions.

With that, let me turn it over to Tim.

Timothy Spence

Thanks Chris and good morning, everyone. To start, I would like to thank our employees for the job they did, supporting our customers, communities, and shareholders in 2022. You really held true to our core values and our vision to be the one bank people most value and trust.

JUST Capital and CNBC recently released their annual study of America's Most JUST Companies, a comprehensive ranking that recognizes companies who do right by all stakeholders has defined by the American public. Fifth Third ranked 23rd out of the roughly 1000 companies covered in the study and was the highest ranked category four bank. It's a great achievement. Thank you for it.