Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 238

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 238
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 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 June 30, 2025 and 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