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Fifth Third Bancorp Executive Compensation (FY25)

FITB · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Timothy Spence
Median of the other named officers
$3,694,555
5 officers, excluding the chief executive
Latest say-on-pay support
=
April 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): April 24, 2026
13 filings cited on this page
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430 figures on this page: 422 cited to the filing that reported them, 8 calculated from figures it prints. See the citations

More on Fifth Third Bancorp

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Timothy Spence: $10,107,358 → $11,052,366 (9.3% higher)
Say-on-pay support: 94.9% → 94.3% (0.6 points lower)
CEO pay ratio: 144:1 → 146:1 (1.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Fifth Third Bancorp's chief executive and what were they paid?
Total compensation for Timothy Spence, President and Chief Executive Officer, came to $11,052,366 in fiscal 2025. Spence's total moved 9.3% higher from the $10,107,358 reported for fiscal 2024.
What was Fifth Third Bancorp's say-on-pay result?
The say-on-pay proposal drew 94.3% of votes cast including abstentions in favor at the meeting held April 21, 2026 for fiscal 2025.
Which companies are in Fifth Third Bancorp's peer group?
The disclosed peer group includes Citizens Financial Group, Inc., Comerica Incorporated, First Citizens Bancshares, Inc., First Horizon National Corporation and Huntington Bancshares Incorporated, among others.
What is Fifth Third Bancorp's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 146:1, against median employee compensation of $75,501.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Greg Carmichael
Executive Chairman and Former Chief Executive Officer
Departed during or after this year
◇—◇◇◇—◇◇
Timothy Spence
President and Chief Executive Officer, Fifth Third Bancorp
◇—◇◇◇—◇◇
James Leonard
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Robert Shaffer
Executive Vice President and Chief Risk Officer
◇—◇◇◇—◇◇
Kevin Lavender
Executive Vice President and Head of Commercial Bank
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy Spence
President and Chief Executive Officer, Fifth Third Bancorp
◇—◇◇◇—◇◇
James Leonard
Executive Vice President and Chief Operating Officer
◇—◇◇◇—◇◇
Robert Shaffer
Executive Vice President and Chief Risk Officer
◇—◇◇◇—◇◇
Kevin Lavender
Executive Vice President and Head of Commercial Bank
◇—◇◇◇—◇◇
Jude Schramm
Executive Vice President and Chief Information Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy Spence
President and Chief Executive Officer
◇—◇◇◇—◇◇
James Leonard
Executive Vice President and Chief Operating Officer
◇—◇◇◇—◇◇
Robert Shaffer
Executive Vice President and Chief Risk Officer
◇—◇◇◇—◇◇
Kevin Lavender
Executive Vice President and Head of Commercial Bank
◇—◇◇◇—◇◇
Bryan Preston
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy Spence
President and Chief Executive Officer
◇—◇—◇—◇◇
James Leonard
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Bryan Preston
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Robert Shaffer
Executive Vice President and Chief Risk Officer
◇—◇—◇—◇◇
Kevin Lavender
Vice Chairman of Commercial Bank
◇—◇—◇—◇◇
Jude Schramm
Executive Vice President and Chief Information Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bryan D. PrestonRSU◇——◇——◇
Bryan D. PrestonPSU◇◇◇—◇—◇
James C. LeonardPSU◇◇◇—◇—◇
James C. LeonardRSU◇——◇——◇
Jude A. SchrammPSU◇◇◇—◇—◇
Jude A. SchrammRSU◇——◇——◇
Kevin P. LavenderPSU◇◇◇—◇—◇
Kevin P. LavenderRSU◇——◇——◇
Robert P. ShafferRSU◇——◇——◇
Robert P. ShafferPSU◇◇◇—◇—◇
Timothy N. SpencePSU◇◇◇—◇—◇
Timothy N. SpenceRSU◇——◇——◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert ShafferRSU◇◇——
Option◇—◇—
PSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
James LeonardRSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Timothy SpencePSU◇◇——
Option◇—◇—
RSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Kevin LavenderPSU◇◇——
PSU◇◇——
Option◇—◇—
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
RSU◇◇——
Option◇—◇—
Jude SchrammOption◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Bryan PrestonRSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇—
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Bryan Preston
Executive Vice President and Chief Financial Officer · Change-in-control agreement
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
James Leonard
Executive Vice President and Chief Operating Officer · Change-in-control agreement
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Jude Schramm
Executive Vice President and Chief Information Officer · Change-in-control agreement
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Kevin Lavender
Vice Chairman of Commercial Bank · Change-in-control agreement
Change-in-control multiple◇
Benefits continuation on change in control◇
Robert Shaffer
Executive Vice President and Chief Risk Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Timothy Spence
President and Chief Executive Officer · Severance agreement
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nicholas K. Akins
Lead independent director
◇◇————◇
Eileen A. Mallesch
◇◇————◇
Gary R. Heminger
◇◇————◇
Mitchell S. Feiger
◇◇————◇
Jorge L. Benitez
◇◇————◇
Thomas H. Harvey
◇◇————◇
Kathleen A. Rogers
◇◇————◇
C. Bryan Daniels
◇◇————◇
Laurent Desmangles
◇◇————◇
Linda W. Clement-Holmes
◇◇————◇
Katherine B. Blackburn
◇◇————◇
B. Evan Bayh, III
◇◇————◇
Michael B. McCallister
◇—————◇
Emerson L. Brumback
◇—————◇
Marsha C. Williams
◇—————◇
Priscilla Almodovar, Barbara R. Smith, Michael G. Van de Ven, Derek J. Kerr and Timothy N. Spence served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Citizens Financial Group, Inc. CFG
  • Comerica Incorporated CMA
  • First Citizens Bancshares, Inc. FCNCA
  • First Horizon National Corporation FHN
  • Huntington Bancshares Incorporated HBAN
  • KeyCorp KEY
  • M&T Bank Corporation MTB
  • Regions Financial Corporation RF
  • The PNC Financial Services Group, Inc. PNC
  • Truist Financial Corporation TFC
  • U.S. Bancorp USB
  • Zions Bancorporation ZION

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 21, 2026=◇◇◇
2024April 15, 2025=◇◇◇
2023April 16, 2024=◇◇◇
2022April 18, 2023=◇◇◇
2021April 12, 2022=◇◇◇
2020April 13, 2021=◇◇◇
2019April 14, 2020=◇◇◇
2018April 16, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Timothy Spence (President and Chief Executive Officer), FY2025 total compensation $11,052,366 (base salary $1,116,635) [exec_comp, SEC accession 0001193125-26-098679, filed 2026-03-09]

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What this page does not include

Everything above is a fact Fifth Third Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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Where Fifth Third Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
430 figures on this page: 422 cited to the filing that reported them, 8 calculated from figures it prints.
422 cited to the filing
8 calculated from the filing

Documents cited

  1. 0000035527-26-000172
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-098679
    Board of Directors Compensation · CEO Pay Ratio · Compensation of Named Executive Officers · Director Compensation · and 2 more sections
  3. 0000035527-25-000131
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-045653
    Compensation of Named Executive Officers
  5. 0000035527-24-000156
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-058164
    Compensation of Named Executive Officers
  7. 0000035527-23-000182
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-061424
  9. 0000035527-22-000140
  10. 0000035527-21-000130
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-20-109280
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-107808
  13. 0001193125-14-421952
    Employment Agreement
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This page is free to cite. Attribution we ask for:
Velarion, “Fifth Third Bancorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FITB (accessed 2026).
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13 filings cited on this page
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Fifth Third Bancorp discloses

The companies named in FITB's own disclosed peer group.

Citizens Financial Group, Inc.Comerica IncorporatedFirst Citizens Bancshares, Inc.First Horizon National CorporationHuntington Bancshares IncorporatedKeyCorpM&T Bank CorporationRegions Financial CorporationThe PNC Financial Services Group, Inc.Truist Financial CorporationU.S. BancorpZions Bancorporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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