Fifth Third Bank 2013 Annual Report Download - page 3
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DEAR FIFTH THIRD SHAREHOLDERS,
2013 marked our 155th anniversary and we capped it with the strongest results Fih ird has ever
reported. Net income available to common shareholders of $1.8 billion marks the highest earnings in
our history, up 17 percent from 2012, driven by solid revenue growth and well-controlled expenses.
Earnings per diluted share of $2.02 increased 22 percent from the prior year and return on average
assets increased 14 basis points to 1.5 percent. Our record performance exemplies our focus on
delivering steady, reliable growth and creating long-term value for our shareholders. Additionally,
Fih ird’s stock price exceeded a ve-year high and, on a full-year basis, outperformed both the
S&P Banks index and the broader S&P 500 index. Our one-year total shareholder return (stock price
plus dividends) was 42 percent in 2013, versus 23 percent in 2012. As we demonstrated in 2013,
consistency and improvement in our results depend on proactive leadership, strategic agility, and
distinctive execution.
It indeed was a strong and protable year for the Bank — one which clearly showed our continued
growth and achievement as well as the solid foundation upon which that’s built. Our success is due
to the guidance of our Board of Directors and the hard work of our employees to execute every day
on our Vision to become the one bank that
people most value and trust. Our focus has
paid o with new products, partnerships,
and achievements. Along the way, we’ve
grown our talent, our business, our good
reputation, and our positive impact — all
while working to achieve the appropriate
balance between risk and reward.
A strong, ongoing commitment to risk
management is central to our culture,
and in 2013 we took important steps
to strengthen the infrastructure of our
Company. We have never stopped investing
in our revenue-generating capabilities and
A Message To Our Shareholders
Kevin T. Kabat
Vice Chairman and
Chief Executive Officer
2013 ANNUAL REPORT | 1
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
$ IN MILLIONS
2010 2011 2012 2013
$2,000
$1,500
$1,000
$500
$0
AFTER TAX VANTIV GAINS NET INCOME EX-VANTIV