Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 79

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 79
---
 rules, the Bancorp is subject to Category IV standards, under which the Bancorp is required to develop and maintain a capital plan approved by the Board of Directors on an annual basis. The Bancorp is also subject to supervisory stress tests every two years. The Bancorp was not subject to the 2025 supervisory stress test conducted by the FRB, but submitted the Board-approved capital plan and information contained in Schedule C - Regulatory Capital Instruments, as required, by the April 5, 2025 deadline.

54

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

Dividend Policy and Stock Repurchase Program

The Bancorp’s common stock dividend policy and stock repurchase program reflect its earnings outlook, desired payout ratios, the need to maintain adequate capital levels, the ability of its subsidiaries to pay dividends and the need to comply with safe and sound banking practices as well as meet regulatory requirements and expectations. The Bancorp declared dividends per common share of $0.37 and $0.35 for the three months ended March 31, 2025 and 2024, respectively. Pursuant to the Bancorp’s Board-approved capital plan, during the three months ended March 31, 2025, the Bancorp entered into and settled an accelerated share repurchase transaction. Refer to Note 12 of the Notes to Condensed Consolidated Financial Statements for additional information on share repurchase activity.

The following table summarizes the monthly share repurchase activity for the three months ended March 31, 2025:

TABLE 60:  Share RepurchasesPeriodTotal Numberof Shares Purchased(a)Average PricePaid per ShareTotal Number of SharesPurchased as a Part ofPublicly Announced Plans or ProgramsMaximum Number ofShares that May Yet BePurchased under the Plans or Programs(b)January 1 - January 31, 20254,407,500$43.13 4,353,51712,719,124February 1 - February 28, 20251,210,72444.06 —12,719,124March 1 - March 31, 2025916,86343.05 888,86511,830,259Total6,535,087$43.29 5,242,38211,830,259

(a)    Includes 1,292,705 shares repurchased during the first quarter of 2025 in connection with various employee compensation plans. These purchases do not count against the maximum