Fifth Third Bancorp Files 8-K on Preferred Stock Details
Ticker: FITBM · Form: 8-K · Filed: Dec 10, 2024 · CIK: 35527
Sentiment: neutral
Topics: preferred-stock, disclosure, finance
Related Tickers: FITB
TL;DR
FTB filed an 8-K detailing its preferred stock series, including 6.625% and 4.95% rates.
AI Summary
Fifth Third Bancorp filed an 8-K on December 10, 2024, to report information regarding its preferred stock. The filing specifically details depositary shares representing ownership interests in various series of its perpetual preferred stock, including 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.
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, rates, and nature of these securities.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of preferred stock details and does not indicate any immediate financial distress or significant new risks.
Key Numbers
- 6.625% — Fixed Rate (Interest rate for Series I Preferred Stock)
- 6.00% — Rate (Interest rate for Series A Preferred Stock)
- 4.95% — Rate (Interest rate for Series K Preferred Stock)
Key Players & Entities
- FIFTH THIRD BANCORP (company) — Filer
- 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series I (company) — Preferred Stock Series
- 6.00% Non-Cumulative Perpetual Class B Preferred Stock Series A (company) — Preferred Stock Series
- 4.95% Non-Cumulative Perpetual Preferred Stock Series K (company) — Preferred Stock Series
FAQ
What is the purpose of this 8-K filing for Fifth Third Bancorp?
The purpose of this 8-K filing is to report information regarding Fifth Third Bancorp's depositary shares representing ownership interests in various series of its perpetual 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 interest rate for the Series A Preferred Stock?
The interest rate for the Series A Preferred Stock is 6.00%.
What is the interest rate for the Series K Preferred Stock?
The interest rate for the Series K Preferred Stock is 4.95%.
Filing Stats: 557 words · 2 min read · ~2 pages · Grade level 13.6 · Accepted 2024-12-10 16:30:34
Filing Documents
- fitb-20241210.htm (8-K) — 38KB
- goldmansachsconferencevf.htm (EX-99.1) — 25KB
- fitb-20241210_g1.jpg (GRAPHIC) — 48KB
- goldmansachsconferencevf001.jpg (GRAPHIC) — 58KB
- goldmansachsconferencevf002.jpg (GRAPHIC) — 273KB
- goldmansachsconferencevf003.jpg (GRAPHIC) — 93KB
- goldmansachsconferencevf004.jpg (GRAPHIC) — 114KB
- goldmansachsconferencevf005.jpg (GRAPHIC) — 123KB
- goldmansachsconferencevf006.jpg (GRAPHIC) — 96KB
- goldmansachsconferencevf007.jpg (GRAPHIC) — 103KB
- goldmansachsconferencevf008.jpg (GRAPHIC) — 130KB
- goldmansachsconferencevf009.jpg (GRAPHIC) — 111KB
- goldmansachsconferencevf010.jpg (GRAPHIC) — 109KB
- goldmansachsconferencevf011.jpg (GRAPHIC) — 94KB
- goldmansachsconferencevf012.jpg (GRAPHIC) — 78KB
- goldmansachsconferencevf013.jpg (GRAPHIC) — 80KB
- 0000035527-24-000262.txt ( ) — 2385KB
- fitb-20241210.xsd (EX-101.SCH) — 4KB
- fitb-20241210_def.xml (EX-101.DEF) — 17KB
- fitb-20241210_lab.xml (EX-101.LAB) — 34KB
- fitb-20241210_pre.xml (EX-101.PRE) — 18KB
- fitb-20241210_htm.xml (XML) — 6KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On December 11, 2024, Fifth Third Bancorp will present at the 2024 Goldman Sachs Financial Services 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: December 10, 2024 /s/ Bryan D. Preston Bryan D. Preston Executive Vice President and Chief Financial Officer