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16.06.25 - 22:03
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Fifth Third Bancorp Announces Share Repurchase Authorization (Business Wire)
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CINCINNATI--(BUSINESS WIRE)--Today, Fifth Third Bancorp announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2019 under which 11.8 million shares remain. The new repurchase authorization does not have an expiration date, does not include specific price targets, may be executed through open market purchases or one or more private negotiated transactions, including Rule 10b5-1 programs, and may be suspended at any time.
All future capital distributions are subject to evaluation of Fifth Third's performance, the state of the economic environment, market conditions, regulatory factors, and other risks and uncertainties and approval by the Board of Directors at any given time.
About Fifth Third
Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. ...
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13.06.25 - 01:03
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Fifth Third Bancorp Announces Cash Dividends (Business Wire)
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CINCINNATI--(BUSINESS WIRE)--Today, Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.
Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.37 per share for the second quarter of 2025. The dividend is payable on July 15, 2025 to shareholders of record as of June 30, 2025.
Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-recommended LIBOR-SOFR spread adjustment] per preferred share), at the rate of $479.7975 per preferred share, which equates to approximately $19.1919 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series H Preferred Stock. The Series H dividend is payable on ...
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02.06.25 - 17:06
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Fifth Third Bank, National Association, Names Scott Daigle as North Florida President, Cary Putrino as Region Chairman (Business Wire)
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TAMPA, Fla.--(BUSINESS WIRE)--Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Scott Daigle as North Florida region president. Daigle succeeds Cary Putrino, who has transitioned into a new role as region chairman in North Florida. Putrino will focus on business development, special projects and brand ambassadorship.
“Cary has exemplified what strong regional leadership looks like—building trusted relationships, fostering deep community engagement and consistently prioritizing client success,” said Tom Partridge, group regional president. “As he transitions to new responsibilities, Cary has been instrumental in helping identify Scott as a strong leader who will elevate our impact across North Florida.”
As North Florida region president, Daigle oversees the strategic direction and growth of Fifth Third's commercial banking, wealth and asset management and commercial payments businesses across key markets including Tampa Bay, Sarasota, Orlando, North Central Florida and Jackson...
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14.05.25 - 12:36
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PGIM, Zurich North America and Fifth Third Bancorp on AI (Bloomberg)
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Mike Baker, Senior Vice President, Chief Information & Technology Officer, PGIM; Kristen Bessette, Chief Data Officer, Zurich North America; and Jude Schramm, Executive Vice President & Chief Information Officer, Fifth Third Bancorp speak with Bloomberg's Niraj Patel about how AI is driving innovation and transforming industries at the Winning the Innovation Game: Modernizing IT Without Disruption event in New York. (Source: Bloomberg)...
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06.05.25 - 15:03
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ExchangeRight REIT Credit Facility Increases to $135 Million Following Fifth Third Bank′s Increased Commitment (Business Wire)
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PASADENA, Calif.--(BUSINESS WIRE)--#1031exchage--ExchangeRight, one of the nation's leading providers of diversified real estate DST and REIT investments, has announced that Fifth Third Bank has increased its commitment to ExchangeRight's Essential Income REIT's revolving line of credit by $35 million, raising the REIT's committed capacity for its Credit Facility from $100 million to $135 million. This closing strategically expands the REIT's credit access, adding to the previously announced Credit Facility with Wells Fargo for $75 million. This Credit Facility may be increased up to $400 million in total credit, subject to receipt of commitments for the increased amount.
Expanding the Essential Income REIT's Credit Facility with this increased commitment from Fifth Third Bank on behalf of the REIT further enhances ExchangeRight's control over the REIT's portfolio composition and financing strategy. In addition to providing increased flexibility for the Essential Income REIT's ongoing operations,...
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