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[8-K] Fifth Third Bancorp Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Fifth Third Bancorp (FITB) filed an 8-K announcing an accelerated share repurchase (ASR) with Deutsche Bank on 18-Jul-2025. The bank will deploy $300 million of cash on 21-Jul-2025 to retire common shares under its previously disclosed 100 million-share authorization.

Two supplemental confirmations (each $150 million) set the notional amount. FITB expects to receive the majority of shares the same day; the exact share count will be based on a discount to the average daily VWAP of FITB stock over the execution period. Final settlement is required no later than 29-Sep-2025, when additional shares or cash may be exchanged to true-up the position.

The agreement includes customary adjustment and early-termination clauses. Extraordinary events could allow Deutsche to cancel, resulting in fewer shares retired. No new earnings, guidance or other financial data were provided.

Fifth Third Bancorp (FITB) ha depositato un modulo 8-K annunciando un riacquisto accelerato di azioni (ASR) con Deutsche Bank il 18-lug-2025. La banca impiegher脿 300 milioni di dollari in contanti il 21-lug-2025 per ritirare azioni ordinarie nell'ambito della sua autorizzazione precedentemente comunicata di 100 milioni di azioni.

Due conferme supplementari (ciascuna da 150 milioni di dollari) stabiliscono l'importo nozionale. FITB prevede di ricevere la maggior parte delle azioni lo stesso giorno; il numero esatto di azioni sar脿 calcolato in base a uno sconto rispetto al prezzo medio ponderato per il volume (VWAP) giornaliero delle azioni FITB durante il periodo di esecuzione. La liquidazione finale dovr脿 avvenire entro e non oltre il 29-set-2025, quando potranno essere scambiate ulteriori azioni o contanti per riequilibrare la posizione.

L'accordo include clausole consuete di aggiustamento e di risoluzione anticipata. Eventi straordinari potrebbero consentire a Deutsche di annullare l'operazione, con conseguente riduzione delle azioni ritirate. Non sono stati forniti nuovi dati su utili, previsioni o altre informazioni finanziarie.

Fifth Third Bancorp (FITB) present贸 un formulario 8-K anunciando una recompra acelerada de acciones (ASR) con Deutsche Bank el 18-jul-2025. El banco destinar谩 300 millones de d贸lares en efectivo el 21-jul-2025 para retirar acciones ordinarias bajo su autorizaci贸n previamente divulgada de 100 millones de acciones.

Dos confirmaciones suplementarias (cada una de 150 millones de d贸lares) establecen el monto nocional. FITB espera recibir la mayor铆a de las acciones el mismo d铆a; el conteo exacto de acciones se basar谩 en un descuento sobre el VWAP diario promedio de las acciones FITB durante el per铆odo de ejecuci贸n. El acuerdo final debe liquidarse a m谩s tardar el 29-sep-2025, cuando se podr谩n intercambiar acciones adicionales o efectivo para ajustar la posici贸n.

El acuerdo incluye cl谩usulas habituales de ajuste y terminaci贸n anticipada. Eventos extraordinarios podr铆an permitir a Deutsche cancelar, lo que resultar铆a en menos acciones retiradas. No se proporcionaron nuevos datos sobre ganancias, previsiones u otra informaci贸n financiera.

Fifth Third Bancorp (FITB)电� 2025雲� 7鞗� 18鞚� Deutsche Bank鞕�鞚� 臧�靻� 欤检嫕 頇橂Г(ASR)毳� 氚滍憸頃樀鐢 8-K 靹滊毳� 鞝滌稖頄堨姷雼堧嫟. 鞚�頄夓潃 2025雲� 7鞗� 21鞚�鞐� 順勱笀 3鞏� 雼煬毳� 韴瀰頃橃棳 鞚挫爠鞐� 瓿奠嫓霅� 1鞏� 欤� 甓岉暅 雮挫棎靹� 氤错喌欤茧ゼ 靻岅皝頃� 鞓堨爼鞛呺媹雼�.

臧侁皝 1鞏� 5觳滊 雼煬鞚� 霊� 臧滌潣 於旉皜 頇曥澑靹滉皜 氇呺 旮堨暋鞚� 靹れ爼頃╇媹雼�. FITB电� 雽�攵�攵勳潣 欤检嫕鞚� 臧欖潃 雮� 氚涭潉 瓴冹溂搿� 鞓堨儊頃橂┌, 鞝曧檿頃� 欤检嫕 靾樀鐢 鞁ろ枆 旮瓣皠 霃欖晥 FITB 欤检嫕鞚� 鞚柬弶攴� VWAP鞐� 雽�頃� 頃犾澑鞙潉 旮办鞙茧 瓴办爼霅╇媹雼�. 斓滌 瓴办牅电� 電柎霃� 2025雲� 9鞗� 29鞚�旯岇 鞕勲霅橃柎鞎� 頃橂┌, 鞚措晫 於旉皜 欤检嫕鞚措倶 順勱笀鞚� 甑愴櫂霅橃柎 韽靺橃潉 臁办爼頃� 靾� 鞛堨姷雼堧嫟.

氤� 瓿勳暯鞐惖鐢 鞚茧皹鞝侅澑 臁办爼 氚� 臁瓣赴 膦呺 臁绊暛鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 韸闺硠頃� 靷湢臧� 氚滌儩頃橂┐ Deutsche臧� 瓿勳暯鞚� 旆唽頃� 靾� 鞛堨柎 靻岅皝霅樀鐢 欤检嫕 靾橁皜 欷勳柎霌� 靾� 鞛堨姷雼堧嫟. 靸堧鞖� 靾橃澋, 臧�鞚措崢鞀� 霕惖鐢 旮绊儉 鞛 雿办澊韯暗鐢 鞝滉车霅橃 鞎婌晿鞀惦媹雼�.

Fifth Third Bancorp (FITB) a d茅pos茅 un formulaire 8-K annon莽ant un rachat acc茅l茅r茅 d'actions (ASR) avec Deutsche Bank le 18 juillet 2025. La banque utilisera 300 millions de dollars en liquidit茅s le 21 juillet 2025 pour racheter des actions ordinaires dans le cadre de l'autorisation pr茅c茅demment divulgu茅e de 100 millions d'actions.

Deux confirmations suppl茅mentaires (chacune de 150 millions de dollars) d茅finissent le montant notionnel. FITB s'attend 脿 recevoir la majorit茅 des actions le m锚me jour ; le nombre exact d'actions sera bas茅 sur une d茅cote par rapport au VWAP moyen quotidien des actions FITB pendant la p茅riode d'ex茅cution. Le r猫glement final doit intervenir au plus tard le 29 septembre 2025, date 脿 laquelle des actions suppl茅mentaires ou des liquidit茅s pourront 锚tre 茅chang茅es pour ajuster la position.

L'accord comprend des clauses habituelles d'ajustement et de r茅siliation anticip茅e. Des 茅v茅nements extraordinaires pourraient permettre 脿 Deutsche d'annuler l'accord, ce qui entra卯nerait un nombre r茅duit d'actions rachet茅es. Aucune nouvelle donn茅e sur les b茅n茅fices, les pr茅visions ou autres informations financi猫res n'a 茅t茅 fournie.

Fifth Third Bancorp (FITB) hat am 18. Juli 2025 ein 8-K eingereicht, in dem ein beschleunigter Aktienr眉ckkauf (ASR) mit der Deutschen Bank angek眉ndigt wird. Die Bank wird am 21. Juli 2025 300 Millionen US-Dollar in bar einsetzen, um Stammaktien im Rahmen der zuvor bekanntgegebenen Genehmigung von 100 Millionen Aktien 锄耻谤眉肠办锄耻办补耻蹿别苍.

Zwei erg盲nzende Best盲tigungen (jeweils 150 Millionen US-Dollar) legen den Nominalbetrag fest. FITB erwartet, die Mehrheit der Aktien am selben Tag zu erhalten; die genaue Aktienanzahl richtet sich nach einem Abschlag auf den durchschnittlichen t盲glichen VWAP der FITB-Aktie w盲hrend des Ausf眉hrungszeitraums. Die endg眉ltige Abwicklung muss sp盲testens am 29. September 2025 erfolgen, wobei zus盲tzliche Aktien oder Bargeld zum Ausgleich ausgetauscht werden k枚nnen.

Die Vereinbarung enth盲lt 眉bliche Anpassungs- und vorzeitige K眉ndigungsklauseln. Au脽ergew枚hnliche Ereignisse k枚nnten der Deutschen Bank eine Stornierung erm枚glichen, was zu einer geringeren Anzahl zur眉ckgekaufter Aktien f眉hren w眉rde. Es wurden keine neuen Gewinnzahlen, Prognosen oder sonstigen Finanzdaten ver枚ffentlicht.

Positive
  • $300 million accelerated share repurchase demonstrates excess capital and is expected to be EPS-accretive by reducing share count immediately.
Negative
  • Early-termination provisions give the counterparty the right to cancel, potentially leaving FITB with fewer shares and sunk costs.
  • Capital deployment lowers near-term liquidity and could marginally tighten regulatory capital ratios.

Insights

TL;DR 鈥� $300 M ASR signals capital strength and boosts EPS, modest overall impact.

The accelerated buyback represents roughly 1鈥�2 % of FITB鈥檚 market cap, indicating surplus capital beyond regulatory needs. Immediate share retirement should be marginally accretive to EPS and ROE and demonstrates management鈥檚 confidence in valuation. Because pricing is tied to VWAP, the bank gains flexibility if the stock trends lower. The limited size means the move is unlikely to shift CET1 meaningfully. Overall, the filing is shareholder-friendly and incrementally positive.

TL;DR 鈥� Capital outflow small; termination clauses add deal risk.

While $300 million is modest versus FITB鈥檚 capital base, it does reduce liquidity during a volatile rate backdrop. Extra-ordinary event triggers give Deutsche unilateral termination rights; FITB could end with fewer shares than expected or owe cash. Investors should monitor CET1 disclosures in Q3-25 to ensure buyback does not pressure regulatory buffers.

Fifth Third Bancorp (FITB) ha depositato un modulo 8-K annunciando un riacquisto accelerato di azioni (ASR) con Deutsche Bank il 18-lug-2025. La banca impiegher脿 300 milioni di dollari in contanti il 21-lug-2025 per ritirare azioni ordinarie nell'ambito della sua autorizzazione precedentemente comunicata di 100 milioni di azioni.

Due conferme supplementari (ciascuna da 150 milioni di dollari) stabiliscono l'importo nozionale. FITB prevede di ricevere la maggior parte delle azioni lo stesso giorno; il numero esatto di azioni sar脿 calcolato in base a uno sconto rispetto al prezzo medio ponderato per il volume (VWAP) giornaliero delle azioni FITB durante il periodo di esecuzione. La liquidazione finale dovr脿 avvenire entro e non oltre il 29-set-2025, quando potranno essere scambiate ulteriori azioni o contanti per riequilibrare la posizione.

L'accordo include clausole consuete di aggiustamento e di risoluzione anticipata. Eventi straordinari potrebbero consentire a Deutsche di annullare l'operazione, con conseguente riduzione delle azioni ritirate. Non sono stati forniti nuovi dati su utili, previsioni o altre informazioni finanziarie.

Fifth Third Bancorp (FITB) present贸 un formulario 8-K anunciando una recompra acelerada de acciones (ASR) con Deutsche Bank el 18-jul-2025. El banco destinar谩 300 millones de d贸lares en efectivo el 21-jul-2025 para retirar acciones ordinarias bajo su autorizaci贸n previamente divulgada de 100 millones de acciones.

Dos confirmaciones suplementarias (cada una de 150 millones de d贸lares) establecen el monto nocional. FITB espera recibir la mayor铆a de las acciones el mismo d铆a; el conteo exacto de acciones se basar谩 en un descuento sobre el VWAP diario promedio de las acciones FITB durante el per铆odo de ejecuci贸n. El acuerdo final debe liquidarse a m谩s tardar el 29-sep-2025, cuando se podr谩n intercambiar acciones adicionales o efectivo para ajustar la posici贸n.

El acuerdo incluye cl谩usulas habituales de ajuste y terminaci贸n anticipada. Eventos extraordinarios podr铆an permitir a Deutsche cancelar, lo que resultar铆a en menos acciones retiradas. No se proporcionaron nuevos datos sobre ganancias, previsiones u otra informaci贸n financiera.

Fifth Third Bancorp (FITB)电� 2025雲� 7鞗� 18鞚� Deutsche Bank鞕�鞚� 臧�靻� 欤检嫕 頇橂Г(ASR)毳� 氚滍憸頃樀鐢 8-K 靹滊毳� 鞝滌稖頄堨姷雼堧嫟. 鞚�頄夓潃 2025雲� 7鞗� 21鞚�鞐� 順勱笀 3鞏� 雼煬毳� 韴瀰頃橃棳 鞚挫爠鞐� 瓿奠嫓霅� 1鞏� 欤� 甓岉暅 雮挫棎靹� 氤错喌欤茧ゼ 靻岅皝頃� 鞓堨爼鞛呺媹雼�.

臧侁皝 1鞏� 5觳滊 雼煬鞚� 霊� 臧滌潣 於旉皜 頇曥澑靹滉皜 氇呺 旮堨暋鞚� 靹れ爼頃╇媹雼�. FITB电� 雽�攵�攵勳潣 欤检嫕鞚� 臧欖潃 雮� 氚涭潉 瓴冹溂搿� 鞓堨儊頃橂┌, 鞝曧檿頃� 欤检嫕 靾樀鐢 鞁ろ枆 旮瓣皠 霃欖晥 FITB 欤检嫕鞚� 鞚柬弶攴� VWAP鞐� 雽�頃� 頃犾澑鞙潉 旮办鞙茧 瓴办爼霅╇媹雼�. 斓滌 瓴办牅电� 電柎霃� 2025雲� 9鞗� 29鞚�旯岇 鞕勲霅橃柎鞎� 頃橂┌, 鞚措晫 於旉皜 欤检嫕鞚措倶 順勱笀鞚� 甑愴櫂霅橃柎 韽靺橃潉 臁办爼頃� 靾� 鞛堨姷雼堧嫟.

氤� 瓿勳暯鞐惖鐢 鞚茧皹鞝侅澑 臁办爼 氚� 臁瓣赴 膦呺 臁绊暛鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 韸闺硠頃� 靷湢臧� 氚滌儩頃橂┐ Deutsche臧� 瓿勳暯鞚� 旆唽頃� 靾� 鞛堨柎 靻岅皝霅樀鐢 欤检嫕 靾橁皜 欷勳柎霌� 靾� 鞛堨姷雼堧嫟. 靸堧鞖� 靾橃澋, 臧�鞚措崢鞀� 霕惖鐢 旮绊儉 鞛 雿办澊韯暗鐢 鞝滉车霅橃 鞎婌晿鞀惦媹雼�.

Fifth Third Bancorp (FITB) a d茅pos茅 un formulaire 8-K annon莽ant un rachat acc茅l茅r茅 d'actions (ASR) avec Deutsche Bank le 18 juillet 2025. La banque utilisera 300 millions de dollars en liquidit茅s le 21 juillet 2025 pour racheter des actions ordinaires dans le cadre de l'autorisation pr茅c茅demment divulgu茅e de 100 millions d'actions.

Deux confirmations suppl茅mentaires (chacune de 150 millions de dollars) d茅finissent le montant notionnel. FITB s'attend 脿 recevoir la majorit茅 des actions le m锚me jour ; le nombre exact d'actions sera bas茅 sur une d茅cote par rapport au VWAP moyen quotidien des actions FITB pendant la p茅riode d'ex茅cution. Le r猫glement final doit intervenir au plus tard le 29 septembre 2025, date 脿 laquelle des actions suppl茅mentaires ou des liquidit茅s pourront 锚tre 茅chang茅es pour ajuster la position.

L'accord comprend des clauses habituelles d'ajustement et de r茅siliation anticip茅e. Des 茅v茅nements extraordinaires pourraient permettre 脿 Deutsche d'annuler l'accord, ce qui entra卯nerait un nombre r茅duit d'actions rachet茅es. Aucune nouvelle donn茅e sur les b茅n茅fices, les pr茅visions ou autres informations financi猫res n'a 茅t茅 fournie.

Fifth Third Bancorp (FITB) hat am 18. Juli 2025 ein 8-K eingereicht, in dem ein beschleunigter Aktienr眉ckkauf (ASR) mit der Deutschen Bank angek眉ndigt wird. Die Bank wird am 21. Juli 2025 300 Millionen US-Dollar in bar einsetzen, um Stammaktien im Rahmen der zuvor bekanntgegebenen Genehmigung von 100 Millionen Aktien 锄耻谤眉肠办锄耻办补耻蹿别苍.

Zwei erg盲nzende Best盲tigungen (jeweils 150 Millionen US-Dollar) legen den Nominalbetrag fest. FITB erwartet, die Mehrheit der Aktien am selben Tag zu erhalten; die genaue Aktienanzahl richtet sich nach einem Abschlag auf den durchschnittlichen t盲glichen VWAP der FITB-Aktie w盲hrend des Ausf眉hrungszeitraums. Die endg眉ltige Abwicklung muss sp盲testens am 29. September 2025 erfolgen, wobei zus盲tzliche Aktien oder Bargeld zum Ausgleich ausgetauscht werden k枚nnen.

Die Vereinbarung enth盲lt 眉bliche Anpassungs- und vorzeitige K眉ndigungsklauseln. Au脽ergew枚hnliche Ereignisse k枚nnten der Deutschen Bank eine Stornierung erm枚glichen, was zu einer geringeren Anzahl zur眉ckgekaufter Aktien f眉hren w眉rde. Es wurden keine neuen Gewinnzahlen, Prognosen oder sonstigen Finanzdaten ver枚ffentlicht.

false0000035527Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock00000355272025-07-182025-07-180000035527us-gaap:CommonStockMember2025-07-182025-07-180000035527fitb:DepositarySharesRepresentingA11000thOwnershipInterestInAShareOf6.625FixedToFloatingRateNotCumulativePerpetualPreferredStockSeriesI2Member2025-07-182025-07-180000035527fitb:DepositarySharesRepresentingA140thOwnershipInterestInAShareOf6.00NotCumulativePerpetualClassBPreferredStockSeriesAMember2025-07-182025-07-180000035527fitb:DepositarySharesRepresentingA11000thOwnershipInterestInAShareOf4.95NotCumulativePerpetualPreferredStockSeriesKMember2025-07-182025-07-18

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): July 18, 2025
53_Logo_horizontal_FullColor (1) (003).jpg
Fifth Third Bancorp
(Exact name of registrant as specified in its charter)
Ohio 001-33653 31-0854434
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)
Fifth Third Center
38 Fountain Square Plaza,Cincinnati,Ohio45263
(Address of Principal Executive Offices)(Zip Code)
(800) 972-3030
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)

    ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading
Symbol(s)		 Name of each exchange
on which registered
Common Stock, Without Par Value FITB The NASDAQ Stock Market LLC
Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I FITBI The NASDAQ Stock Market LLC
Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A FITBP The NASDAQ Stock Market LLC
Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 4.95% Non-Cumulative Perpetual Preferred Stock, Series K FITBO The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐            

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐


FORWARD-LOOKING STATEMENTS

This report contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission (“SEC”). When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We undertake no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this document.

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) problems encountered by other financial institutions; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth


Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements, including the use of artificial intelligence; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; and (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments.

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements.

Item 1.01. Entry into a Material Definitive Agreement.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On July 18, 2025, Fifth Third Bancorp (“Fifth Third”) entered into a new share repurchase agreement with Deutsche Bank AG, London Branch (“Deutsche”) with Deutsche Bank Securities Inc. acting as agent, pursuant to which Fifth Third will purchase approximately $300 million of its outstanding common stock.

Fifth Third is repurchasing the shares of its common stock as part of its 100 million share repurchase program previously announced in a press release on June 16, 2025 and a current report on Form 8-K filed on June 16, 2025.

Under the Master Confirmation dated as of September 30, 2024, supplemented by two Supplemental Confirmations dated July 18, 2025 each with a notional amount of $150 million (together, the “Repurchase Agreement”), between Fifth Third and Deutsche, Fifth Third will pay an aggregate of $300 million to Deutsche on July 21, 2025, and expects to receive a substantial majority of the shares underlying the Repurchase Agreement by July 21, 2025. The actual number of shares of Fifth Third common stock to be delivered by Deutsche will be based generally on a discount to the average of the


daily volume-weighted average NASDAQ prices of Fifth Third’s common stock during the term of the Repurchase Agreement. At settlement, Deutsche may be obligated to deliver additional shares of Fifth Third’s common stock to Fifth Third, or Fifth Third may be obligated to make a delivery of common stock or a payment of cash to Deutsche at Fifth Third’s election. Fifth Third expects the settlement of the transaction to occur on or before September 29, 2025.

The Repurchase Agreement is subject to certain customary adjustments and termination provisions. In addition, upon the occurrence of certain extraordinary events, Deutsche is entitled to terminate the Repurchase Agreement, in which case Fifth Third may receive fewer shares of its common stock than expected.

The foregoing description of the Repurchase Agreement is a summary and is qualified in its entirety by the terms of the Repurchase Agreement, a copy of which will be filed as an exhibit to Fifth Third’s Form 10-Q for the fiscal quarter ending September 30, 2025.

Deutsche and certain of its affiliates have performed, and in the future may perform, various financial advisory and other services for Fifth Third and Fifth Third’s affiliates for which they have received, and may in the future receive, customary fees and expenses.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIFTH THIRD BANCORP
(Registrant)

Date: July 21, 2025 By: /s/ BRENNEN WILLINGHAM    
Brennen Willingham
Senior Vice President and Treasurer


Source:

FAQ

How much stock is Fifth Third Bancorp (FITB) repurchasing?

FITB entered a $300 million accelerated share repurchase to retire common shares.

When will FITB pay for and receive the repurchased shares?

The bank pays Deutsche Bank on 21-Jul-2025 and expects most shares the same day.

How is the final share count under the ASR determined?

Shares are priced at a discount to the average daily VWAP of FITB stock during the execution period.

What is the expected settlement date of the ASR?

Final settlement must occur on or before 29-Sep-2025.

Can the ASR be terminated early?

Yes. Extraordinary events allow Deutsche Bank to terminate, which could reduce the shares FITB receives.

Is this ASR part of a larger buyback program?

Yes, it falls under FITB鈥檚 100 million-share repurchase program announced 16-Jun-2025.
Stock FITB logo
Fifth Third Bancorp

NASDAQ:FITB

FITB Rankings

#452 Ranked by Market Cap
#1065 Ranked by Dividends

FITB Latest News

Aug 12, 2025
Fifth Third Bancorp Announces Earnings Release Dates for 2026 and 2027
Aug 12, 2025
Fifth Third Enters Alabama with Ambitious Growth Plan
Jul 29, 2025
Fifth Third and Eldridge Announce Private Credit Partnership
Jul 22, 2025
Fifth Third Again Named Best Treasury and Cash Management Bank by Global Finance
Jul 18, 2025
Fifth Third Named 鈥楿.S. Best Super-Regional Bank鈥� by Euromoney For the Second Consecutive Year

FITB Latest SEC Filings

Aug 5, 2025
[10-Q] Fifth Third Bancorp Quarterly Earnings Report
Jul 24, 2025
[Form 3] Fifth Third Bancorp Initial Statement of Beneficial Ownership
Jul 23, 2025
[Form 3] Fifth Third Bancorp Initial Statement of Beneficial Ownership
Jul 17, 2025
[8-K] Fifth Third Bancorp Reports Material Event
Jul 16, 2025
[Form 3] Fifth Third Bancorp Initial Statement of Beneficial Ownership

FITB Stock Data

27.56B
658.49M
0.43%
86.42%
3.24%
Banks - Regional
State Commercial Banks
United States
CINCINNATI