Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
15K characters. Original on sec.gov · Markdown
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Bancorp’s common stock is traded in the over-the-counter market and is listed under the symbol “FITB” on the NASDAQ® Global Select Market System.
See a discussion of dividend limitations that the subsidiaries can pay to the Bancorp discussed in Note 4 of the Notes to Consolidated Financial Statements, which is incorporated herein by reference. Additionally, as of December 31, 2020, the Bancorp had 36,824 shareholders of record.
| Issuer Purchases of Equity Securities | |||||||||||||||||||||||
| Period | Total Number of Shares Purchased*(a)* | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet be Purchased Under the Plans or Programs | |||||||||||||||||||
| October 2020 | 44,736 | $ | 22.91 | — | 76,437,348 | ||||||||||||||||||
| November 2020 | 129,978 | 25.27 | — | 76,437,348 | |||||||||||||||||||
| December 2020 | 97,521 | 26.80 | — | 76,437,348 | |||||||||||||||||||
| Total | 272,235 | $ | 25.43 | — | 76,437,348 |
*(a)*Shares repurchased during the fourth quarter of 2020 were in connection with various employee compensation plans of the Bancorp. These purchases do not count against the maximum number of shares that may yet be purchased under the Board of Directors’ authorization.
See further discussion on share repurchase transactions and stock-based compensation in Note 25 and Note 26 of the Notes to Consolidated Financial Statements, which is incorporated herein by reference.
47 Fifth Third Bancorp
The following performance graphs do not constitute soliciting material and should not be deemed filed or incorporated by reference into any other Company filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent the Bancorp specifically incorporates the performance graphs by reference therein.
Total Return Analysis
The graphs below summarize the cumulative return experienced by the Bancorp’s shareholders over the five and ten year periods ended December 31, 2020, respectively, compared to the S&P 500 Stock and the S&P Banks indices.
FIFTH THIRD BANCORP VS. MARKET INDICES


48 Fifth Third Bancorp

2020 ANNUAL REPORT
FINANCIAL CONTENTS
49 Fifth Third Bancorp
GLOSSARY OF ABBREVIATIONS AND ACRONYMS
Fifth Third Bancorp provides the following list of abbreviations and acronyms as a tool for the reader that are used in Management’s Discussion and Analysis of Financial Condition and Results of Operations, the Consolidated Financial Statements and the Notes to Consolidated Financial Statements.
| ACL: Allowance for Credit Losses | IRC: Internal Revenue Code | ||||
| AFS: Available For Sale | IRLC: Interest Rate Lock Commitment | ||||
| ALCO: Asset Liability Management Committee | IRS: Internal Revenue Service | ||||
| ALLL: Allowance for Loan and Lease Losses | ISDA: International Swaps and Derivatives Association, Inc. | ||||
| AOCI: Accumulated Other Comprehensive Income (Loss) | LIBOR: London Interbank Offered Rate | ||||
| APR: Annual Percentage Rate | LIHTC: Low-Income Housing Tax Credit | ||||
| ARM: Adjustable Rate Mortgage | LLC: Limited Liability Company | ||||
| ASC: Accounting Standards Codification | LTV: Loan-to-Value Ratio | ||||
| ASU: Accounting Standards Update | MD&A: Management’s Discussion and Analysis of Financial | ||||
| ATM: Automated Teller Machine | Condition and Results of Operations | ||||
| BHC: Bank Holding Company | MSR: Mortgage Servicing Right | ||||
| BOLI: Bank Owned Life Insurance | N/A: Not Applicable | ||||
| bps: Basis Points | NAV: Net Asset Value | ||||
| CARES: Coronavirus Aid, Relief and Economic Security | NII: Net Interest Income | ||||
| CCAR: Comprehensive Capital Analysis and Review | NM: Not Meaningful | ||||
| CDC: Fifth Third Community Development Corporation | OAS: Option-Adjusted Spread | ||||
| CECL: Current Expected Credit Loss | OCC: Office of the Comptroller of the Currency | ||||
| CET1: Common Equity Tier 1 | OCI: Other Comprehensive Income (Loss) | ||||
| CFPB: United States Consumer Financial Protection Bureau | OREO: Other Real Estate Owned | ||||
| C&I: Commercial and Industrial | OTTI: Other-Than-Temporary Impairment | ||||
| DCF: Discounted Cash Flow | PCI: Purchase Credit Impaired | ||||
| DTCC: Depository Trust & Clearing Corporation | PCD: Purchased Credit Deteriorated | ||||
| DTI: Debt-to-Income Ratio | PPP: Paycheck Protection Program | ||||
| ERM: Enterprise Risk Management | PSA: Performance Share Award | ||||
| ERMC: Enterprise Risk Management Committee | RCC: Risk Compliance Committee | ||||
| EVE: Economic Value of Equity | ROU: Right-of-Use | ||||
| FASB: Financial Accounting Standards Board | RSA: Restricted Stock Award | ||||
| FDIC: Federal Deposit Insurance Corporation | RSU: Restricted Stock Unit | ||||
| FHA: Federal Housing Administration | SAR: Stock Appreciation Right | ||||
| FHLB: Federal Home Loan Bank | SBA: Small Business Administration | ||||
| FHLMC: Federal Home Loan Mortgage Corporation | SEC: United States Securities and Exchange Commission | ||||
| FICO: Fair Isaac Corporation (credit rating) | SOFR: Secured Overnight Financing Rate | ||||
| FINRA: Financial Industry Regulatory Authority | TBA: To Be Announced | ||||
| FNMA: Federal National Mortgage Association | TDR: Troubled Debt Restructuring | ||||
| FOMC: Federal Open Market Committee | TILA: Truth in Lending Act | ||||
| FRB: Federal Reserve Bank | TRA: Tax Receivable Agreement | ||||
| FTE: Fully Taxable Equivalent | TruPS: Trust Preferred Securities | ||||
| FTP: Funds Transfer Pricing | U.S.: United States of America | ||||
| FTS: Fifth Third Securities | USD: United States Dollar | ||||
| GDP: Gross Domestic Product | U.S. GAAP: United States Generally Accepted Accounting | ||||
| GNMA: Government National Mortgage Association | Principles | ||||
| GSE: United States Government Sponsored Enterprise | VA: United States Department of Veterans Affairs | ||||
| HTM: Held-To-Maturity | VIE: Variable Interest Entity | ||||
| IPO: Initial Public Offering | VRDN: Variable Rate Demand Note |
50 Fifth Third Bancorp
SELECTED FINANCIAL DATA
Previous: Item 4. MINE SAFETY DISCLOSURES · Next: Item 6. SELECTED FINANCIAL DATA