Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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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 3 of the Notes to Consolidated Financial Statements, which is incorporated herein by reference. Additionally, as of December 31, 2021, the Bancorp had 35,266 common 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 1 - October 31, 2021 | 6,302,831 | $ | 43.39 | 6,211,841 | 41,857,841 | ||||||||||||||||||
| November 1 - November 30, 2021 | 18,150 | 44.30 | — | 41,857,841 | |||||||||||||||||||
| December 1 - December 31, 2021 | 1,133,783 | 43.37 | 1,072,572 | 40,785,269 | |||||||||||||||||||
| Total | 7,454,764 | $ | 43.39 | 7,284,413 | 40,785,269 |
*(a)*Include 170,351 shares repurchased during the fourth quarter of 2021 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 24 and Note 25 of the Notes to Consolidated Financial Statements, which is incorporated herein by reference.
52 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, 2021, respectively, compared to the S&P 500 Stock, the S&P Banks and the KBW Banks indices.
FIFTH THIRD BANCORP VS. MARKET INDICES


53 Fifth Third Bancorp

2021 ANNUAL REPORT
FINANCIAL CONTENTS
54 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 | IPO: Initial Public Offering | ||||
| AFS: Available-For-Sale | IRC: Internal Revenue Code | ||||
| ALCO: Asset Liability Management Committee | IRLC: Interest Rate Lock Commitment | ||||
| ALLL: Allowance for Loan and Lease Losses | IRS: Internal Revenue Service | ||||
| AOCI: Accumulated Other Comprehensive Income (Loss) | ISDA: International Swaps and Derivatives Association, Inc. | ||||
| APR: Annual Percentage Rate | LIBOR: London Interbank Offered Rate | ||||
| ARM: Adjustable Rate Mortgage | LIHTC: Low-Income Housing Tax Credit | ||||
| ASC: Accounting Standards Codification | LLC: Limited Liability Company | ||||
| ASU: Accounting Standards Update | LTV: Loan-to-Value Ratio | ||||
| ATM: Automated Teller Machine | MD&A: Management’s Discussion and Analysis of Financial | ||||
| BHC: Bank Holding Company | Condition and Results of Operations | ||||
| BOLI: Bank Owned Life Insurance | MSR: Mortgage Servicing Right | ||||
| bps: Basis Points | N/A: Not Applicable | ||||
| CARES: Coronavirus Aid, Relief and Economic Security | NAV: Net Asset Value | ||||
| CCAR: Comprehensive Capital Analysis and Review | NII: Net Interest Income | ||||
| CD: Certificate of Deposit | 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 | PCD: Purchased Credit Deteriorated | ||||
| DTCC: Depository Trust & Clearing Corporation | PPP: Paycheck Protection Program | ||||
| DTI: Debt-to-Income Ratio | PSA: Performance Share Award | ||||
| ERM: Enterprise Risk Management | RCC: Risk and Compliance Committee | ||||
| ERMC: Enterprise Risk Management Committee | ROU: Right-of-Use | ||||
| EVE: Economic Value of Equity | RSA: Restricted Stock Award | ||||
| FASB: Financial Accounting Standards Board | RSU: Restricted Stock Unit | ||||
| FDIC: Federal Deposit Insurance Corporation | SAR: Stock Appreciation Right | ||||
| FHA: Federal Housing Administration | SBA: Small Business Administration | ||||
| FHLB: Federal Home Loan Bank | SEC: United States Securities and Exchange Commission | ||||
| FHLMC: Federal Home Loan Mortgage Corporation | SOFR: Secured Overnight Financing Rate | ||||
| FICO: Fair Isaac Corporation (credit rating) | TBA: To Be Announced | ||||
| FINRA: Financial Industry Regulatory Authority | TDR: Troubled Debt Restructuring | ||||
| FNMA: Federal National Mortgage Association | TILA: Truth in Lending Act | ||||
| FOMC: Federal Open Market Committee | TRA: Tax Receivable Agreement | ||||
| FRB: Federal Reserve Bank | TruPS: Trust Preferred Securities | ||||
| FTE: Fully Taxable Equivalent | U.S.: United States of America | ||||
| FTP: Funds Transfer Pricing | USD: United States Dollar | ||||
| FTS: Fifth Third Securities, Inc. | U.S. GAAP: United States Generally Accepted Accounting | ||||
| GDP: Gross Domestic Product | Principles | ||||
| GNMA: Government National Mortgage Association | VA: United States Department of Veterans Affairs | ||||
| GSE: United States Government Sponsored Enterprise | VIE: Variable Interest Entity | ||||
| HTM: Held-To-Maturity | VRDN: Variable Rate Demand Note |
55 Fifth Third Bancorp
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
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