Edition:
India

Fifth Third Bancorp (FITB.OQ)

FITB.OQ on NASDAQ Stock Exchange Global Select Market

27.02USD
26 Jun 2019
Change (% chg)

-- (--)
Prev Close
$27.02
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
2,540,840
52-wk High
$30.30
52-wk Low
$22.12

Latest Key Developments (Source: Significant Developments)

Fifth Third Bank Files Application With Office Of The Comptroller Of The Currency To Convert To National Bank Charter
Friday, 31 May 2019 

Fifth Third Bancorp ::FIFTH THIRD BANK FILES APPLICATION WITH OFFICE OF THE COMPTROLLER OF THE CURRENCY TO CONVERT TO NATIONAL BANK CHARTER.FIFTH THIRD BANCORP - APPLICATION IS SUBJECT TO REGULATORY APPROVAL..  Full Article

Fifth Third Bancorp Reports Q1 Earnings Per Share Of $1.12
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Fifth Third Bancorp ::Q1 EARNINGS PER SHARE $1.12.Q1 EARNINGS PER SHARE ESTIMATE $0.58 -- REFINITIV IBES DATA.QTRLY REPORTED RESULTS INCLUDED A POSITIVE $0.49 IMPACT FROM CERTAIN ITEMS.QTRLY ROTCE 23.9% (ADJUSTED 13.5%).FIFTH THIRD HAS EXITED ITS ENTIRE STAKE IN ALL PUBLICLY TRADED COMPANIES..QTRLY NET INTEREST INCOME (NII) $1,086 MILLION VERSUS $999 MILLION.QTRLY NET INTEREST INCOME (U.S. GAAP) $1,082 MILLION VERSUS $996 MILLION.QTRLY NET CHARGE-OFF RATIO 0.32% VERSUS 0.36%.AT QUARTER-END BOOK VALUE PER SHARE $24.77 VERSUS $21.44.  Full Article

Fifth Third Bancorp Files For Potential Mixed Shelf Offering
Friday, 29 Mar 2019 

March 28 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Fifth Third Bancorp expects Q4 net interest income to increase by around 2 percent from q3 - Conf Call
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP EXPECTS Q4 NIM TO BE 2 TO 3 BASIS POINTS HIGHER COMPARED TO Q3 - CONF CALL.FIFTH THIRD BANCORP EXPECTS Q4 NET INTEREST INCOME TO INCREASE BY AROUND 2 PERCENT COMPARED TO Q3 - CONF CALL.FIFTH THIRD EXPECTS Q4 NON-INTEREST EXPENSE TO GO UP BY ABOUT 1 PERCENT COMPARED TO Q3 (EXCLUDING MBFI IMPACT AND ASSUMING FDIC SURCHARGE REMAINS) - CONF CALL.  Full Article

Fifth Third Bancorp Reports Q2 Earnings Per Share $0.80
Thursday, 19 Jul 2018 

July 19 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP <<>> Q2 SHR $0.80.FIFTH THIRD BANCORP <<>> Q2 SHR VIEW $0.57 -- THOMSON REUTERS I/B/E/S.FIFTH THIRD BANCORP <<>>- QTRLY TAXABLE EQUIVALENT NII OF $1.024 BLN, UP 3% FROM 1Q18.FIFTH THIRD BANCORP - 2Q18 PROVISION EXPENSE OF $33 MLN COMPARED TO $23 MLN IN 1Q18.FIFTH THIRD BANCORP QTRLY NET CHARGE-OFFS OF $94 MLN, UP $30 MLN FROM Q2 OF 2017.FIFTH THIRD BANCORP QTRLY RESULTS INCLUDED A NET POSITIVE $0.17 IMPACT ON REPORTED 2Q18 EPS.FIFTH THIRD BANCORP - AT QTR-END COMMON EQUITY TIER 1 RATIO WAS 10.91 PCT VS 10.63 PCT REPORTED LAST YEAR.FIFTH THIRD BANCORP - AT QTR-END BOOK VALUE PER SHARE OF $21.97, UP 1% FROM Q1 OF 2018.  Full Article

MB Financial Reports Q2 Earnings Per Share $0.42
Thursday, 19 Jul 2018 

July 19 (Reuters) - Mb Financial Inc ::MB FINANCIAL INC <<>> Q2 OPER SHR $0.68 EXCLUDING ITEMS.MB FINANCIAL INC <<>> Q2 SHR VIEW $0.62 -- THOMSON REUTERS I/B/E/S.MB FINANCIAL INC <<>> Q2 SHR $0.42.MB FINANCIAL INC - "WIND DOWN OF NATIONAL MORTGAGE ORIGINATION BUSINESS IS PROCEEDING AS PLANNED".MB FINANCIAL - IN LIGHT OF PENDING MERGER WITH FIFTH THIRD, CO WILL NOT PROVIDE FINANCIAL GUIDANCE OR UPDATE PREVIOUSLY PROVIDED FINANCIAL GUIDANCE.MB FINANCIAL INC QTRLY NET INTEREST INCOME $159.1 MLN VS $149 MLN.  Full Article

Fifth Third Bancorp Saya Entered Into New Share Repurchase Agreement Pursuant To Which Co Will Buy About $235 Mln Of Outstanding Common Stock
Thursday, 24 May 2018 

May 24 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP - ENTERED INTO NEW SHARE REPURCHASE AGREEMENT PURSUANT TO WHICH CO WILL BUY ABOUT $235 MILLION OF OUTSTANDING COMMON STOCK.FIFTH THIRD BANCORP SAYS REPURCHASING SHARES OF STOCK AS PART OF 100 MILLION SHARE REPURCHASE PROGRAM - SEC FILING.FIFTH THIRD BANCORP - EXPECTS SETTLEMENT OF TRANSACTION TO OCCUR ON OR BEFORE JUNE 18.  Full Article

MB Financial Says Merger Agreement Provides $151 Mln Fee Payable To Fifth Third Bancorp Upon Termination
Thursday, 24 May 2018 

May 23 (Reuters) - Fifth Third Bancorp ::MB FINANCIAL - MERGER AGREEMENT PROVIDES $151 MILLION FEE PAYABLE BY CO TO FIFTH THIRD BANCORP UPON DEAL TERMINATION UNDER CERTAIN CIRCUMSTANCES.  Full Article

Fifth Third Bancorp To Merge With MB Financial in $4.7 Bln Deal
Monday, 21 May 2018 

May 21 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP TO MERGE WITH MB FINANCIAL, INC. CREATING A LEADING RETAIL AND COMMERCIAL FRANCHISE IN THE ATTRACTIVE CHICAGO MARKET.FIFTH THIRD BANCORP - DEAL FOR VALUED AT APPROXIMATELY $4.7 BILLION.FIFTH THIRD BANCORP - APPROXIMATELY 90 PERCENT OF CONSIDERATION WILL BE IN STOCK WITH REST IN CASH.FIFTH THIRD BANCORP - COMMON SHAREHOLDERS OF MB FINANCIAL WILL RECEIVE $54.20 OF TOTAL CONSIDERATION.FIFTH THIRD BANCORP - 2 MEMBERS OF MB FINANCIAL'S BOARD OF DIRECTORS ARE EXPECTED TO JOIN FIFTH THIRD BANCORP BOARD.FIFTH THIRD BANCORP - TRANSACTION EXPECTED TO REDUCE FIFTH THIRD'S REGULATORY COMMON EQUITY TIER 1 (CET1) RATIO BY APPROXIMATELY 45 BASIS POINTS.FIFTH THIRD BANCORP - TOTAL CONSIDERATION CONSISTS OF 1.45 SHARES OF FIFTH THIRD STOCK AND $5.54 IN CASH FOR EACH SHARE OF MB FINANCIAL.FIFTH THIRD BANCORP - TRANSACTION IS EXPECTED TO REDUCE FIFTH THIRD'S REGULATORY COMMON EQUITY TIER 1 (CET1) RATIO BY APPROXIMATELY 45 BASIS POINTS.FIFTH THIRD BANCORP - EXPECT DEAL TO BE ACCRETIVE TO OPERATING EPS IN FIRST YEAR, WITH ACCRETION OF NEARLY 7 PERCENT IN SECOND YEAR.FIFTH THIRD BANCORP - INTENDS TO COMPLETE 2017 CCAR BUYBACK PLAN BY REPURCHASING UP TO $235 MILLION SHARES BEFORE BEGINNING PROXY SOLICITATION FOR DEAL.FIFTH THIRD BANCORP - EXPECT INVESTMENT TO GENERATE AN IRR OF APPROXIMATELY 18.5 PERCENT.FIFTH THIRD BANCORP - EXPECT DEAL TO ACCELERATE PROGRESS TOWARDS NORTHSTAR FINANCIAL TARGETS & ALSO RAISE THEM ABOVE PREVIOUS GUIDANCE.  Full Article

Fifth Third CFO Expects FY Total Expenses To Be At Lower End Of Guidance
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP CEO SAYS REMAIN ON TRACK TO ACHIEVE UPPER END OF REVISED ROTCE TARGET -CONF CALL.FIFTH THIRD BANCORP CFO SAYS ALL-IN IMPACT OF TAX REFORM HAS BEEN MODESTLY POSITIVE FOR THE QUARTER-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT COMMERCIAL LEASES TO CONTINUE TO DECLINE ANOTHER $400 MILLION BY END OF 2018-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT END-OF-PERIOD TOTAL COMMERCIAL PORTFOLIO TO GROW ABOUT 1% TO 1.5% SEQUENTIALLY IN Q2-CONF CALL.FIFTH THIRD BANCORP CFO SAYS CONTINUE TO EXPECT CARD BALANCE GROWTH IN MID- TO HIGH SINGLE DIGITS FOR 2018-CONF CALL.FIFTH THIRD BANCORP CFO SAYS FOR 2018, EXPECT END-OF-PERIOD LOAN GROWTH OF 1% TO 1.5% -CONF CALL.FIFTH THIRD BANCORP CFO SAYS NIM IN Q2 SHOULD BE APPROXIMATELY 3 TO 5 BASIS POINTS HIGHER COMPARED TO THE FIRST QUARTER-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT Q2 NET INTEREST INCOME TO BE BETWEEN $1.025 BILLION TO $1.03 BILLION-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT CORPORATE BANKING FEES TO INCREASE BETWEEN 20% AND 25% SEQUENTIALLY-CONF CALL.FIFTH THIRD BANCORP CFO SAYS FOR Q2 EXPECT FEES TO BE BETWEEN $575 MILLION AND $585 MILLION, FOR FY EXPECT FEES TO BE ABOUT $2.35 BILLION-CONF CALL.FIFTH THIRD BANCORP CFO SAYS EXPECT TOTAL EXPENSES TO BE AT LOWER END OF GUIDANCE OF $4 BILLION TO $4.1 BILLION IN 2018-CONF CALL.  Full Article

U.S. Fed approves acquisition of MB Financial by Fifth Third Bancorp

WASHINGTON, March 6 The U.S. Federal Reserve Board on Wednesday approved the acquisition of MB Financial Inc. by Fifth Third Bancorp.