Fifth Third Bancorp. has released its indicative stress capital buffer requirement, which is currently at the minimum level of 2.5%, according to a press release.

Its Common Equity Tier 1 ratio exceeds the regulatory minimum of 4.5%. The bank also plans to increase its dividend by up to 3 cents per share.

"The stress test results reaffirm our belief that our already-strong capital ratios would remain above buffered minimum levels for the duration of a nine-quarter severely adverse stress test, with the capacity to increase our common dividend while continuing to provide support to the broader economy," Greg Carmichael, chairman and CEO of Fifth Third Bancorp, said in the release. "The outcomes of the stress test demonstrate Fifth Third's balance sheet resilience and the soundness of our capital levels. As always, our Board of Directors monitors the situation very closely and will continue to make a quarterly decision on the dividend based on the economic outlook and the strength of our balance sheet."

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