Fifth Third Bancorp
09/30/2025 | Press release | Distributed by Public on 09/30/2025 14:21
Material Event (Form 8-K)
Item 8.01 Other Events.
As previously announced, on July 18, 2025, Fifth Third Bancorp ("Fifth Third") entered into an accelerated share repurchase transaction with Deutsche Bank AG, London Branch ("Deutsche"), with Deutsche Bank Securities, Inc. acting as agent, pursuant to which Fifth Third would 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.
On September 26, 2025, Fifth Third was notified by Deutsche that it had finished purchasing shares under the July 18thagreement. A total of 5,926,098 shares were repurchased upon execution of the agreement and an additional 1,003,254 shares were repurchased upon final settlement on September 29, 2025. In total, 6,929,352 shares were repurchased under the July 18thagreement, at an average price of $43.2941 per share.
After completion of the July 18thagreement, Fifth Third has approximately 93.1 million shares of remaining repurchase authority under the aforementioned share repurchase program.
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.
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