Fifth Third Bancorp Files 8-K on Preferred Stock Details
Ticker: FITBM · Form: 8-K · Filed: Nov 6, 2024 · CIK: 35527
Sentiment: neutral
Topics: preferred-stock, disclosure, finance
Related Tickers: FITB
TL;DR
Fifth Third Bancorp (FITB) filed an 8-K detailing its preferred stock series. Important for preferred holders.
AI Summary
Fifth Third Bancorp filed an 8-K on November 6, 2024, to report information regarding its preferred stock. The filing specifically details depositary shares representing ownership interests in various series of its fixed-to-floating rate non-cumulative perpetual preferred stock, including Series I, Series A, and Series K.
Why It Matters
This filing provides crucial details about Fifth Third Bancorp's preferred stock offerings, which are important for investors to understand the terms and conditions of these securities.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of preferred stock information and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- 6.625% — Fixed Rate for Series I Preferred Stock (Interest rate on a series of preferred stock)
- 6.00% — Fixed Rate for Series A Preferred Stock (Interest rate on a series of preferred stock)
- 4.95% — Fixed Rate for Series K Preferred Stock (Interest rate on a series of preferred stock)
Key Players & Entities
- FIFTH THIRD BANCORP (company) — Filer
- Series I (preferred_stock) — Preferred stock series
- Series A (preferred_stock) — Preferred stock series
- Series K (preferred_stock) — Preferred stock series
FAQ
What is the primary purpose of this 8-K filing by Fifth Third Bancorp?
The primary purpose is to report information regarding its depositary shares representing ownership interests in various series of its preferred stock.
What are the specific series of preferred stock mentioned in the filing?
The filing mentions depositary shares representing ownership interests in 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series I, 6.00% Non-Cumulative Perpetual Class B Preferred Stock Series A, and 4.95% Non-Cumulative Perpetual Preferred Stock Series K.
What is the fixed interest rate for the Series I preferred stock?
The fixed interest rate for the Series I preferred stock is 6.625%.
What is the filing date of this 8-K report?
The filing date of this 8-K report is November 6, 2024.
What is the ticker symbol for Fifth Third Bancorp?
The ticker symbol for Fifth Third Bancorp is FITB.
Filing Stats: 557 words · 2 min read · ~2 pages · Grade level 13.7 · Accepted 2024-11-06 16:20:57
Filing Documents
- fitb-20241106.htm (8-K) — 38KB
- a2024baabdeck_vf.htm (EX-99.1) — 22KB
- a2024baabdeck_vf001.jpg (GRAPHIC) — 55KB
- a2024baabdeck_vf002.jpg (GRAPHIC) — 271KB
- a2024baabdeck_vf003.jpg (GRAPHIC) — 93KB
- a2024baabdeck_vf004.jpg (GRAPHIC) — 113KB
- a2024baabdeck_vf005.jpg (GRAPHIC) — 103KB
- a2024baabdeck_vf006.jpg (GRAPHIC) — 126KB
- a2024baabdeck_vf007.jpg (GRAPHIC) — 87KB
- a2024baabdeck_vf008.jpg (GRAPHIC) — 123KB
- a2024baabdeck_vf009.jpg (GRAPHIC) — 130KB
- a2024baabdeck_vf010.jpg (GRAPHIC) — 106KB
- a2024baabdeck_vf011.jpg (GRAPHIC) — 88KB
- a2024baabdeck_vf012.jpg (GRAPHIC) — 113KB
- a2024baabdeck_vf013.jpg (GRAPHIC) — 80KB
- fitb-20241106_g1.jpg (GRAPHIC) — 48KB
- 0000035527-24-000252.txt ( ) — 2418KB
- fitb-20241106.xsd (EX-101.SCH) — 4KB
- fitb-20241106_def.xml (EX-101.DEF) — 17KB
- fitb-20241106_lab.xml (EX-101.LAB) — 34KB
- fitb-20241106_pre.xml (EX-101.PRE) — 18KB
- fitb-20241106_htm.xml (XML) — 6KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On November 8, 2024, Fifth Third Bancorp will present at the 2024 BancAnalysts Association of Boston Conference. A copy of this presentation is attached as Exhibit 99.1. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Exchange Act of 1934 or the Securities Act of 1933, except as shall be expressly set forth by specific reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit 99.1 – Fifth Third Bancorp Presentation Exhibit 104 – Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIFTH THIRD BANCORP (Registrant) Date: November 6, 2024 /s/ Bryan D. Preston Bryan D. Preston Executive Vice President and Chief Financial Officer