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Fifth Third Bancorp (FITB.OQ)

FITB.OQ on NASDAQ Stock Exchange Global Select Market

26.57USD
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Fifth Third Bancorp Reports Q2 Earnings Per Share $0.80
Thursday, 19 Jul 2018 06:30am EDT 

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 06:14am EDT 

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 09:40am EDT 

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
Wednesday, 23 May 2018 05:32pm EDT 

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 06:32am EDT 

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 10:54am EDT 

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

Fifth Third Bancorp Reports Q1 Earnings Per Share $0.97
Tuesday, 24 Apr 2018 06:32am EDT 

April 24 (Reuters) - Fifth Third Bancorp ::Q1 EARNINGS PER SHARE $0.97.Q1 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS I/B/E/S.RESULTS INCLUDED A NET POSITIVE $0.40 IMPACT ON REPORTED 1Q18 EPS.AT QUARTER-END TIER 1 COMMON RATIO WAS 10.82 PERCENT VERSUS 10.76 PERCENT REPORTED LAST YEAR.BOOK VALUE PER SHARE OF $21.68 AT QUARTER END, FLAT FROM 4Q17 AND UP 8% FROM 1Q17.QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME OF $999 MILLION UP 6% FROM 1Q17.QTRLY NET CHARGE-OFFS (NCOS) OF $81 MILLION DOWN $8 MILLION FROM 1Q17.Q1 2018 PROVISION EXPENSE OF $23 MILLION COMPARED TO $74 MILLION IN 1Q17.AT QUARTER-END TIER 1 RISK BASED CAPITAL RATIO OF 11.95 PERCENT VERSUS 11.90 PERCENT REPORTED LAST YEAR.Q1 RESULTS INCLUDE $414 MILLION PRE-TAX STEP-UP GAIN FROM VANTIV MERGER WITH WORLDPAY.  Full Article

Fifth Third Bancorp Enters New Share Repurchase Agreement
Friday, 9 Feb 2018 11:51am EST 

Feb 9 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP SAYS ‍ON FEB 8, CO ENTERED NEW SHARE REPURCHASE AGREEMENT WITH MORGAN STANLEY & CO. LLC - SEC FILING.FIFTH THIRD BANCORP - ‍PURSUANT TO NEW SHARE REPURCHASE AGREEMENT CO TO BUY ABOUT $318 MILLION OF OUTSTANDING COMMON STOCK​.FIFTH THIRD BANCORP - ‍NEW REPURCHASE AGREEMENT IS IN ADDITION TO ONE THAT CO ENTERED WITH MORGAN STANLEY & CO. LLC ON DEC 15, 2017 FOR $273 MILLION ​.  Full Article

Fifth Third Bancorp Sees Q1 NII (Fully-Taxable Equivalent Basis) In Range Of $975 Mln - $980 Mln
Tuesday, 23 Jan 2018 06:42am EST 

Jan 23 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP SEES Q1 NII (FULLY-TAXABLE EQUIVALENT BASIS) IN RANGE OF $975 MILLION - $980 MILLION.FIFTH THIRD BANCORP SEES FY 2018 NII (FTE) OF $4.0 BILLION - $4.07 BILLION - SEC FILING.FIFTH THIRD BANCORP SEES Q1-2018 NIM (FTE) TO BE UP IN RANGE OF 3 - 5 BPS FROM ADJUSTED Q4 2017.FIFTH THIRD BANCORP SEES FY2018 NIM (FTE) OF ABOUT 3.15% WITH TWO 2018 RATE HIKES (MAR & SEP).  Full Article

Fifth Third Bancorp Reports Q4 EPS Of $0.67
Tuesday, 23 Jan 2018 06:31am EST 

Jan 23 (Reuters) - Fifth Third Bancorp ::Q4 EARNINGS PER SHARE $0.67.Q4 EARNINGS PER SHARE VIEW $0.49 -- THOMSON REUTERS I/B/E/S.QTRLY RESULTS INCLUDE $220 MILLION INCOME TAX REDUCTION FROM A REMEASUREMENT OF DEFERRED TAX LIABILITY.‍TAXABLE EQUIVALENT NET INTEREST INCOME OF $963 MILLION IN Q4 OF 2017 WAS DOWN $14 MILLION, OR 1 PERCENT FROM PRIOR QUARTER​.QTRLY COMMON EQUITY TIER 1 RATIO 10.61 PERCENT VERSUS 10.59 PERCENT IN LAST QUARTER.‍QTRLY NET CHARGE-OFFS (NCOS) OF $76 MILLION, UP $8 MILLION FROM 3Q17 AND UP $3 MILLION FROM 4Q16.QTRLY BOOK VALUE PER SHARE OF $21.67, UP 2% FROM 3Q17; QTRLY TANGIBLE BOOK VALUE PER SHARE OF $18.10 UP 1% FROM 3Q17.QTRLY ‍TOTAL RISK-BASED CAPITAL 15.16% VERSUS 15.16% IN QUARTER ENDED SEPT 2017​.QTRLY ‍PROVISION FOR LOAN AND LEASE LOSSES $67 MILLION VERSUS $67 MILLION IN Q3.  Full Article

BOK Financial to buy peer CoBiz in $1 billion deal

BOK Financial Corp said on Monday it would buy smaller peer CoBiz Financial Inc in a cash-and-stock deal valued at about $1 billion to expand in Arizona and Colorado.