Fifth Third poised to succeed, leader says

4/20/2011

CINCINNATI — Fifth Third Bancorp is in a good position to succeed as it works to recover from the financial crisis and continue improving value for the regional bank’s shareholders, Chief Executive President Kevin Kabat told shareholders Tuesday.

He said at the company’s annual meeting that Fifth Third has a strong capital position and in 2010 outperformed peers in many categories, including loan and deposit growth and net interest income.

The Cincinnati company reported in January revenue rose and delinquent and defaulted loans fell.