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Timothy Spence Biography and Net Worth

President of Fifth Third Bancorp

Tim Spence serves as president of Fifth Third Bancorp. He leads all business lines and regional banking, as well as the Bank’s strategy. Tim joined Fifth Third in 2015 as chief strategy officer. In 2018, he was named head of Consumer Bank, Payments and Strategy, where he was responsible for leading multiple businesses including Retail, Mortgage, Marketing, Payments, Strategy and Digital Solutions operations. He also was responsible for corporate strategy, innovation, brand awareness, decision sciences, corporate development and financial-technology partnerships teams. He became president in 2020.

Before joining the Bank, Tim worked as a senior partner in the financial services practice group at Oliver Wyman, advising executives at the world’s largest financial institutions on strategy, innovation and performance improvement. He also served as that firm’s U.S. Midwest region leader. Before Oliver Wyman, Tim held a variety of management positions at two early-stage technology firms.

What is Timothy Spence's net worth?: The estimated net worth of Timothy Spence is at least $8.33 million as of October 21st, 2022. Mr. Spence owns 224,417 shares of Fifth Third Bancorp stock worth more than $8,328,115 as of April 24th. This net worth estimate does not reflect any other investments that Mr. Spence may own. Additionally, Mr. Spence receives a salary of $3,000,000.00 as President at Fifth Third Bancorp. Learn More about Timothy Spence's net worth.
How old is Timothy Spence?: Mr. Spence is currently 45 years old. There are 7 older executives and no younger executives at Fifth Third Bancorp. Learn More on Timothy Spence's age.
What is Timothy Spence's salary?: As the President of Fifth Third Bancorp, Mr. Spence earns $3,000,000.00 per year. Learn More on Timothy Spence's salary.
How do I contact Timothy Spence?: The corporate mailing address for Mr. Spence and other Fifth Third Bancorp executives is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. Fifth Third Bancorp can also be reached via phone at (800) 972-3030 and via email at [email protected]. Learn More on Timothy Spence's contact information.
Has Timothy Spence been buying or selling shares of Fifth Third Bancorp?: Timothy Spence has not been actively trading shares of Fifth Third Bancorp over the course of the past ninety days. Most recently, on Friday, October 21st, Timothy Spence bought 7,763 shares of Fifth Third Bancorp stock. The stock was acquired at an average cost of $32.29 per share, with a total value of $250,667.27. Following the completion of the transaction, the chief executive officer now directly owns 224,417 shares of the company's stock, valued at $7,246,424.93. Learn More on Timothy Spence's trading history.
Who are Fifth Third Bancorp's active insiders?: Fifth Third Bancorp's insider roster includes Greg Carmichael (CEO), C. Bryan Daniels (Director), Mitchell Feiger (Director), Kristine Garrett (EVP), Howard Hammond (EVP), Thomas Harvey (Director), Gary Heminger (Director), Jewell Hoover (Director), Margaret Jula (EVP), Kevin Lavender (EVP), James Leonard (CFO), Jude Schramm (EVP), Robert Shaffer (EVP), and Timothy Spence (President). Learn More on Fifth Third Bancorp's active insiders.
Are insiders buying or selling shares of Fifth Third Bancorp?: In the last year, Fifth Third Bancorp insiders bought shares 2 times. They purchased a total of 69,500 shares worth more than $1,627,595.00. In the last year, insiders at the financial services provider sold shares 3 times. They sold a total of 46,357 shares worth more than $1,693,887.66. The most recent insider tranaction occured on April, 22nd when EVP Kala Gibson sold 14,857 shares worth more than $540,497.66. Insiders at Fifth Third Bancorp own 0.5% of the company. Learn More about insider trades at Fifth Third Bancorp.
Information on this page was last updated on 4/22/2024.

Timothy Spence Insider Trading History at Fifth Third Bancorp

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
10/21/2022	Buy	7,763	$32.29	$250,667.27	224,417
2/14/2022	Sell	4,558	$48.07	$219,103.06
5/11/2021	Sell	25,603	$41.65	$1,066,364.95	162,918
10/1/2019	Sell	5,000	$27.52	$137,600.00	152,672
10/26/2017	Sell	15,000	$28.86	$432,900.00	154,577

Timothy Spence Buying and Selling Activity at Fifth Third Bancorp

Fifth Third Bancorp Company Overview

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. The Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. The company was founded in 1858 and is headquartered in Cincinnati, Ohio.

Today's Range

Now: $37.11

$36.53

$37.26

50 Day Range

MA: $35.35

$33.27

$37.21

2 Week Range

Now: $37.11

$22.46

$37.41

Volume

1,574,303 shs

Average Volume

5,441,817 shs

Market Capitalization

$25.28 billion

P/E Ratio

11.78

Dividend Yield

3.83%

Beta

1.27

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Timothy Spence Biography and Net Worth

What is Timothy Spence's net worth?

How old is Timothy Spence?

What is Timothy Spence's salary?

How do I contact Timothy Spence?

Has Timothy Spence been buying or selling shares of Fifth Third Bancorp?

Who are Fifth Third Bancorp's active insiders?

Are insiders buying or selling shares of Fifth Third Bancorp?