Company: FITBI
Filing Date: 2025-07-21
Form Type: 8-K
Source: 0000035527-25-000153
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Company: FIFTH THIRD BANCORP
Filing Date: 2025-07-21
Form: 8-K
Item: Item 2.03
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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On July 18, 2025, Fifth Third Bancorp (“ Fifth Third”) entered into a new share repurchase agreement with Deutsche Bank AG, London Branch (“ Deutsche”) with Deutsche Bank Securities Inc. acting as agent, pursuant to which Fifth Third will purchase approximately $300 million of its outstanding common stock.

Fifth Third is repurchasing the shares of its common stock as part of its 100 million share repurchase program previously announced in a press release on June 16, 2025 and a current report on Form 8-K filed on June 16, 2025.

Under the Master Confirmation dated as of September 30, 2024, supplemented by two Supplemental Confirmations dated July 18, 2025 each with a notional amount of $150 million (together, the “ Repurchase Agreement”), between Fifth Third and Deutsche, Fifth Third will pay an aggregate of $300 million to Deutsche on July 21, 2025, and expects to receive a substantial majority of the shares underlying the Repurchase Agreement by July 21, 2025. The actual number of shares of Fifth Third common stock to be delivered by Deutsche will be based generally on a discount to the average of the

daily volume-weighted average NASDAQ prices of Fifth Third’s common stock during the term of the Repurchase Agreement. At settlement, Deutsche may be obligated to deliver additional shares of Fifth Third’s common stock to Fifth Third, or Fifth Third may be obligated to make a delivery of common stock or a payment of cash to Deutsche at Fifth Third’s election. Fifth Third expects the settlement of the transaction to occur on or before September 29, 2025.

The Repurchase Agreement is subject to certain customary adjustments and termination provisions. In addition, upon the occurrence of certain extraordinary events, Deutsche is entitled to terminate the Repurchase Agreement, in which case Fifth Third may receive fewer shares of its common stock than expected.

The foregoing description of the Repurchase Agreement is a summary and is qualified in its entirety by the terms of the Repurchase Agreement, a copy of which will be filed as an exhibit to Fifth Third’s Form 10-Q for the fiscal quarter ending September 30, 2025.

Deutsche and certain of its affiliates have performed, and in the future may perform, various financial advisory and other services for Fifth Third and Fifth Third’s affiliates for which they have received