Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 90

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 90
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2024, respectively, and $0.74 and $0.70 for the six months ended June 30, 2025 and 2024, respectively. Pursuant to the Bancorp’s Board-approved capital plan, during the six months ended June 30, 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 June 30, 2025:

TABLE 61:  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)April 1 - April 30, 202541,236$35.45 —11,830,259May 1 - May 31, 202591,19037.72 —11,830,259June 1 - June 30, 202515,03439.03 —100,000,000Total147,460$37.22 —100,000,000

(a)    Shares repurchased during the second quarter of 2025 were in connection with various employee compensation plans. These purchases do not count against the maximum number of shares that may yet be purchased under the Board of Directors’ authorization.

(b)    On June 13, 2025, the Bancorp’s Board of Directors authorized management to purchase 100 million shares of the Bancorp’s common stock through the open market or in any private party transactions. This authorization did not include specific targets or an expiration date. 

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Table of Contents

Quantitative and Qualitative Disclosures about Market Risk (Item 3)

Information presented in the Interest Rate and Price Risk Management subsection of the Risk Management section of Management’s Discussion and Analysis of Financial Condition and Results of Operations is incorporated herein by reference. This information contains certain statements that the Bancorp believes are forward-looking statements. Refer to page 1 for cautionary information regarding forward-looking statements. 

Controls and Procedures (Item 4)

The Bancorp conducted an evaluation, under the supervision and with the participation of the Bancorp’s management, including the Bancorp’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Bancorp’s disclosure controls