-

Fifth Third Bancorp Announces Share Repurchase Authorization

CINCINNATI--(BUSINESS WIRE)--Today, Fifth Third Bancorp announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2019 under which 11.8 million shares remain. The new repurchase authorization does not have an expiration date, does not include specific price targets, may be executed through open market purchases or one or more private negotiated transactions, including Rule 10b5-1 programs, and may be suspended at any time.

All future capital distributions are subject to evaluation of Fifth Third’s performance, the state of the economic environment, market conditions, regulatory factors, and other risks and uncertainties and approval by the Board of Directors at any given time.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

Category: Share Repurchases

Contacts

Matt Curoe (Investor Relations)
Matt.Curoe@53.com | 513-534-2345
Jennifer Hendricks Sullivan (Media Relations)
Jennifer.Hendricks.Sullivan@53.com | 614-744-7693

Fifth Third Bancorp

NASDAQ:FITB
Details
Headquarters: Cincinnati, OH
CEO: Tim Spence
Employees: 20,000+
Organization: PUB
Revenues: $7.90 billion (2021)
Net Income: $2.77 billion (2021)

Release Versions

Contacts

Matt Curoe (Investor Relations)
Matt.Curoe@53.com | 513-534-2345
Jennifer Hendricks Sullivan (Media Relations)
Jennifer.Hendricks.Sullivan@53.com | 614-744-7693

More News From Fifth Third Bancorp

Students Earn Fifth Third Education Scholarships from the Fifth Third Foundation

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation has made education programs a top priority since its founding in 1948. To honor students with high achievements, Fifth Third established its Scholarship Program. These one-time $2,500 scholarships are awarded annually to children of Fifth Third employees for educational purposes at college or university. This year's scholarships total $62,500. Nearly 500 students have been recognized since 2005. Chosen and administered by the National Meri...

Fifth Third Wealth Advisors® Surpasses $3 Billion in Net New Assets Under Management, Expands Platform Capabilities

CINCINNATI--(BUSINESS WIRE)--Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, announced it has surpassed $3 billion in net new assets under management, as of June 30, marking another major milestone in the firm’s growth. This achievement underscores strong momentum and growing demand from both advisors and clients. According to independent research* Fifth Third Wealth Advisors ranks among the top 500 independent RIAs in the US. “Our growth reflects the trust...

Fifth Third Announces Leadership Changes

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB) today announced several executive leadership changes, reflecting the Bank’s continued focus on growth, innovation and talent development. Susan Zaunbrecher, who has led Fifth Third’s Legal, Government Affairs and Regulatory Affairs departments and the Office of the Corporate Secretary since 2018, will retire. Christian Gonzalez will join Fifth Third as executive vice president, chief legal officer, to succeed her, effective July 7....
Back to Newsroom