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, 2023, the Bancorp had 32,995 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*(b)* | |||||||||||||||||||
| October 1 - October 31, 2023 | 75,992 | $ | 24.48 | — | 32,115,811 | ||||||||||||||||||
| November 1 - November 30, 2023 | 17,203 | 25.78 | — | 32,115,811 | |||||||||||||||||||
| December 1 - December 31, 2023 | 37,496 | 33.77 | — | 32,115,811 | |||||||||||||||||||
| Total | 130,691 | $ | 27.32 | — | 32,115,811 |
*(a)*Shares repurchased during the periods presented were in connection with various employee compensation plans. These purchases do not count against the maximum number of shares that may yet be purchased under the Board of Directors’ authorization.
*(b)*On June 18, 2019, the Bancorp announced that its Board of Directors had authorized management to purchase 100 million shares of the Bancorp’s common stock through the open market or in any private party transactions. This authorization did not include specific targets or an expiration date.
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.
46 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, 2023, respectively, compared to the S&P 500 Stock, the S&P Banks and the KBW Banks indices.
FIFTH THIRD BANCORP VS. MARKET INDICES


47 Fifth Third Bancorp

2023 ANNUAL REPORT
FINANCIAL CONTENTS
48 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 | GSE: United States Government Sponsored Enterprise | ||||
| AFS: Available-For-Sale | HTM: Held-To-Maturity | ||||
| ALCO: Asset Liability Management Committee | IPO: Initial Public Offering | ||||
| ALLL: Allowance for Loan and Lease Losses | IRC: Internal Revenue Code | ||||
| AOCI: Accumulated Other Comprehensive Income (Loss) | IRLC: Interest Rate Lock Commitment | ||||
| APR: Annual Percentage Rate | ISDA: International Swaps and Derivatives Association, Inc. | ||||
| ARM: Adjustable Rate Mortgage | LCR: Liquidity Coverage Ratio | ||||
| ASC: Accounting Standards Codification | LIBOR: London Interbank Offered Rate | ||||
| ASU: Accounting Standards Update | LIHTC: Low-Income Housing Tax Credit | ||||
| ATM: Automated Teller Machine | LLC: Limited Liability Company | ||||
| BHC: Bank Holding Company | LTV: Loan-to-Value Ratio | ||||
| BOLI: Bank Owned Life Insurance | MD&A: Management’s Discussion and Analysis of Financial | ||||
| bps: Basis Points | Condition and Results of Operations | ||||
| CCAR: Comprehensive Capital Analysis and Review | MSR: Mortgage Servicing Right | ||||
| CD: Certificate of Deposit | N/A: Not Applicable | ||||
| CDC: Fifth Third Community Development Corporation and Fifth Third | NII: Net Interest Income | ||||
| Community Development Company, LLC | NM: Not Meaningful | ||||
| CECL: Current Expected Credit Loss | OAS: Option-Adjusted Spread | ||||
| CET1: Common Equity Tier 1 | OCC: Office of the Comptroller of the Currency | ||||
| CFPB: United States Consumer Financial Protection Bureau | OCI: Other Comprehensive Income (Loss) | ||||
| CME: Chicago Mercantile Exchange | OREO: Other Real Estate Owned | ||||
| C&I: Commercial and Industrial | PPP: Paycheck Protection Program | ||||
| DCF: Discounted Cash Flow | PSA: Performance Share Award | ||||
| DTCC: Depository Trust & Clearing Corporation | RCC: Risk and Compliance Committee | ||||
| DTI: Debt-to-Income Ratio | ROU: Right-of-Use | ||||
| ERM: Enterprise Risk Management | RSA: Restricted Stock Award | ||||
| ERMC: Enterprise Risk Management Committee | RSU: Restricted Stock Unit | ||||
| EVE: Economic Value of Equity | SAR: Stock Appreciation Right | ||||
| FASB: Financial Accounting Standards Board | SBA: Small Business Administration | ||||
| FDIC: Federal Deposit Insurance Corporation | SEC: United States Securities and Exchange Commission | ||||
| FHA: Federal Housing Administration | SOFR: Secured Overnight Financing Rate | ||||
| FHLB: Federal Home Loan Bank | TBA: To Be Announced | ||||
| FHLMC: Federal Home Loan Mortgage Corporation | TDR: Troubled Debt Restructuring | ||||
| FICO: Fair Isaac Corporation (credit rating) | TILA: Truth in Lending Act | ||||
| FINRA: Financial Industry Regulatory Authority | TRA: Tax Receivable Agreement | ||||
| FNMA: Federal National Mortgage Association | TruPS: Trust Preferred Securities | ||||
| FOMC: Federal Open Market Committee | U.S.: United States of America | ||||
| FRB: Federal Reserve Bank | U.S. GAAP: United States Generally Accepted Accounting | ||||
| FTE: Fully Taxable Equivalent | Principles | ||||
| FTP: Funds Transfer Pricing | VA: United States Department of Veterans Affairs | ||||
| FTS: Fifth Third Securities, Inc. | VIE: Variable Interest Entity | ||||
| GDP: Gross Domestic Product | VRDN: Variable Rate Demand Note | ||||
| GNMA: Government National Mortgage Association |
49 Fifth Third Bancorp
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
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