Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 193

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 193
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, and these retention challenges will require Fifth Third to incur additional expenses in order to retain key employees of Comerica. If key employees of Comerica depart because of issues relating to the uncertainty and difficulty of integration or a desire not to remain with Comerica or with Fifth Third following the Comerica Merger, the benefits of the Comerica Merger could be materially diminished.

Failure to complete the Comerica Merger could cause Fifth Third’s results to be adversely affected, Fifth Third’s stock price to decline or have a material and adverse effect on Fifth Third’s liquidity and capital resources.

If the Comerica Merger is not completed for any reason, Fifth Third’s stock price may decline because costs related to the Comerica Merger, such as legal, accounting and certain financial advisory fees, must be paid even if the Comerica Merger is not completed. In addition, if the Comerica Merger is not completed, Fifth Third’s ongoing business may be adversely affected and, without realizing any of the benefits of having completed the Comerica Merger, Fifth Third would be subject to a number of risks, including the following:

•Fifth Third may experience negative reactions from the financial markets, including negative impacts on Fifth Third’s stock price;

•Fifth Third may experience negative reactions from Fifth Third’s customers, vendors and associates; and

•Fifth Third’s management team will have devoted substantial time and resources to matters relating to the Comerica Merger (including integration planning), and would otherwise have devoted their time and resources to other opportunities that may have been beneficial to Fifth Third as an independent financial institution.

Moreover, if Comerica terminates the merger agreement because Fifth Third’s board of directors withdraws or modifies or qualifies its recommendation that its shareholders vote in favor of the proposed merger, Fifth Third may be required to pay a termination fee of $500 million to Comerica. In addition, if the Comerica Merger is not completed, whether because of Fifth Third’s failure to receive approval from its shareholders or required regulatory approvals in a timely fashion or because Fifth Third has breached its obligations in a way that permits Comerica to terminate the merger agreement, or for any other reason, Fifth Third’s stock price may decline to the extent that the current market price reflects a market assumption that the Comerica Merger will be completed.

123

Unregistered Sales of Equity Securities and Use of Proceeds (Item 2)

Refer to the “Capital Management” section within Management’s Discussion