Fifth Third said it entered into an accelerated share repurchase transaction with Royal Bank of Canada (RBC) on January 22, 2025, under which it would buy approximately $225 million of its common stock.

1. 01

   Fifth Third said it entered into an accelerated share repurchase transaction with Royal Bank of Canada (RBC) on January 22, 2025, under which it would buy approximately $225 million of its common stock.

2. 02

   RBC notified Fifth Third on March 4, 2025 that it had finished purchasing shares under the agreement, the company said. Fifth Third repurchased 4,353,517 shares when the agreement was executed and 888,865 more shares on March 5, 2025 at final settlement, for a total of 5,242,382 shares.

3. 03

   The company said the average price of the 5,242,382 shares repurchased under the agreement on January 22 was $42.9194 per share.

4. 04

   The company said that after the agreement was completed, it has approximately 11.8 million shares of remaining repurchase authority under its 100 million share repurchase program, which was announced in a press release on June 18, 2019.

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