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Form 8-K · Current Report · Filed 2024-01-29

Fifth Third Bancorp Announces $1B Senior Notes Offering

On January 29, 2024, Fifth Third Bancorp issued $1,000,000,000 in principal amount of its 5.631% Fixed Rate/Floating Rate Senior Notes due 2032, with net proceeds of approximately $994,016,400 after underwriting discount and expenses.

Filer
Fifth Third Bancorp FITB · NASDAQ
Filed
Accession
0001193125-24-018167
CIK
0000035527
Signal
High impactFinancial Services

Details

This offering is detailed in a prospectus supplement filed with the SEC and includes a Supplemental Indenture with Wilmington Trust Company, as Trustee.

Items reported

Item 8.01

Other Events

Regulatory Approval Corporate Update
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$34.86

Next session

+1.5%

Since filing

+62.1%

Latest close

$56.50

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from FITB reporting the same item, with the next session's move:

Exhibits (4)

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As a major banking institution, Fifth Third Bancorp operates through its primary subsidiary, Fifth Third Bank, providing a wide range of financial services to individuals, businesses, and institutions. The bank offers personal banking services like checking and savings accounts, credit cards, residential mortgages, and auto loans. Additionally, it provides robust business banking solutions, including commercial lending, treasury management, and payment processing services. Fifth Third Bancorp has a significant presence in the Midwestern and Southeastern United States, where it serves a substantial customer base across multiple states. It is also known for its commitment to community development and engagement, actively participating in various local initiatives and programs. The bank's market role is essential in facilitating regional economic growth through its financial services. Furthermore, Fifth Third Bancorp has been focusing on digital transformation and technological enhancements to improve customer experience and operational efficiency, reflecting the broader trend of digitalization in the financial services industry.

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