Fifth Third (NASDAQ: FITB) lets holders swap restricted 2029, 2030 notes
Rhea-AI Filing Summary
Fifth Third Bancorp (FITB) announced the commencement of a Registered Exchange Offer for its outstanding unregistered senior notes. Holders of the existing Restricted Notes may exchange them for an equal principal amount of new notes that are registered under the Securities Act of 1933.
The offer covers $334,650,000 of 4.000% Senior Notes due 2029 and $938,141,000 of 5.982% Fixed-To-Floating Rate Senior Notes due 2030. The new registered notes will be substantially identical to the restricted notes, except they will be freely tradable without the transfer restrictions, registration rights, or additional interest provisions that apply to the restricted notes. Fifth Third will accept for exchange any and all restricted notes validly tendered and not withdrawn by 5:00 p.m., New York City time, on September 22, 2026, after which it will promptly issue the registered notes pursuant to the exchange offer.
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Filing Explained
The pending exchange fulfills registration rights while preserving the same debt; settlement would change transferability, not Fifth Third’s borrowing.
The
The registered notes would represent the same debt and be issued under the same indenture as the restricted notes, making this a registration and transferability change rather than a new borrowing.
The commitment followed Fifth Third’s completion on
The August 21 Prospectus controls the tender procedures, and the filing says tenders may be withdrawn before the
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Principal amount 4.000% Senior Notes due 2029 (Registered and Restricted): $334,650,000
Principal amount 5.982% Fixed-To-Floating Rate Senior Notes due 2030 (Registered and Restricted): $938,141,000
Expiration Date and Time: 5:00 p.m., New York City time, on September 22, 2026
3 metrics
Principal amount 4.000% Senior Notes due 2029 (Registered and Restricted)
$334,650,000
Aggregate principal amount of 4.000% Senior Notes due 2029 included in the Registered Exchange Offer
Principal amount 5.982% Fixed-To-Floating Rate Senior Notes due 2030 (Registered and Restricted)
$938,141,000
Aggregate principal amount of 5.982% Fixed-To-Floating Rate Senior Notes due 2030 included in the Registered Exchange Offer
Expiration Date and Time
5:00 p.m., New York City time, on September 22, 2026
Deadline for validly tendering Restricted Notes in the Registered Exchange Offer
Key Terms
Registered Exchange Offer, Restricted Notes, Registered Notes, registration rights agreement, +2 more
6 terms
Registered Exchange Offer financial
"announced the commencement of its offer to exchange (the “Registered Exchange Offer”)"
A registered exchange offer is a company proposal to swap one type of security for another where the new securities are officially registered for public resale. Think of it like trading a limited-edition voucher for a mainstream coupon you can freely sell; for investors it affects how easily they can sell holdings, can change ownership percentages or outstanding shares, and may influence market value and tax treatment.
Restricted Notes financial
"outstanding unregistered senior notes (the “Restricted Notes”)"
Registered Notes financial
"for an equal principal amount of new notes registered under the Securities Act (the “Registered Notes”)"
registration rights agreement financial
"entered into a registration rights agreement in which it agreed"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
Fixed-To-Floating Rate Senior Notes financial
"5.982% Fixed-To-Floating Rate Senior Notes due 2030"
A fixed-to-floating rate senior note is a debt security that pays interest at a set rate for an initial period and then switches to a variable rate linked to a market benchmark; “senior” means it has higher priority than other debt if the issuer faces trouble. For investors it matters because the switch changes income predictability and exposure to interest-rate swings, while senior status affects the relative safety and recovery prospects of the investment—think of it as a loan that starts with a steady paycheck and later becomes tied to the economy’s pulse.
indenture financial
"will issue the Registered Notes under the same indenture that governs"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
FAQ
What did Fifth Third Bancorp (FITB) announce in this Form 8-K?
Fifth Third Bancorp announced the start of a Registered Exchange Offer to exchange any and all of its outstanding unregistered Restricted Notes for an equal principal amount of new notes that are registered under the Securities Act.
Which Fifth Third (FITB) notes are included in the Registered Exchange Offer?
The offer covers $334,650,000 of 4.000% Senior Notes due 2029 and $938,141,000 of 5.982% Fixed-To-Floating Rate Senior Notes due 2030, each to be exchanged for a corresponding series of registered notes.
Do the new registered notes differ economically from the restricted notes of FITB?
The company states the registered notes are substantially identical to the corresponding restricted notes. The differences are that the registered notes are registered under the Securities Act and will not carry transfer restrictions, registration rights, or additional interest provisions.
What is the expiration date for Fifth Third’s (FITB) Registered Exchange Offer?
Fifth Third will accept restricted notes validly tendered and not withdrawn prior to 5:00 p.m., New York City time, on September 22, 2026, which is defined as the Expiration Date, subject to possible extensions for one or more series.
How can holders obtain full details of Fifth Third’s (FITB) exchange offer?
Full terms and conditions are described in a Prospectus dated August 21, 2026. Copies may be obtained from the exchange and information agent, D.F. King & Co., Inc., using the toll-free and toll numbers or email address provided in the announcement.
Why is Fifth Third (FITB) conducting this Registered Exchange Offer?
In connection with issuing the restricted notes, Fifth Third entered into a registration rights agreement under which it agreed, among other things, to complete the Registered Exchange Offer to provide registered notes in place of the restricted notes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 21, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| , | , | |||||||||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||||||||
(800 ) 972-3030
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Depositary Shares Representing 1/1000th Ownership Interest in Share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I | ||||||||||||||
Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A | ||||||||||||||
Depositary Shares Representing a 1/1000th Ownership Interest in a Share of 4.95% Non-Cumulative Perpetual Preferred Stock, Series K | ||||||||||||||
Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M | ||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On August 21, 2026, Fifth Third Bancorp issued a press release announcing the commencement of its offer to exchange any and all of its outstanding unregistered senior notes previously issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), for an equal principal amount of new notes registered under the Securities Act. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
No Offer or Solicitation
This communication is not intended to and shall not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 – Press Release dated August 21, 2026.
Exhibit 104 – Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FIFTH THIRD BANCORP
(Registrant)
Date: August 21, 2026 By: /s/ BRENNEN WILLINGHAM
Brennen Willingham
Senior Vice President and Treasurer
NEWS RELEASE CONTACTS August 21, 2026 Matt Curoe (Investor Relations) matt.curoe@53.com | 513-534-2345 Jennifer Hendricks Sullivan (Media Relations) Jennifer.Hendricks.Sullivan@53.com | 614-744-7693 Fifth Third Bancorp Commences Registered Exchange Offer CINCINNATI – Fifth Third Bancorp (NYSE: FITB) today announced the commencement of its offer to exchange (the “Registered Exchange Offer”) any and all of its outstanding unregistered senior notes (the “Restricted Notes”) previously issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), for an equal principal amount of new notes registered under the Securities Act (the “Registered Notes”), as set forth below. On June 10, 2026, Fifth Third Bancorp completed offers to exchange any and all outstanding notes issued by its subsidiary, Fifth Third Financial Corporation, for the Restricted Notes issued by Fifth Third Bancorp, subject to the terms and conditions provided in a related offering memorandum. In connection with the issuance of the Restricted Notes, Fifth Third Bancorp entered into a registration rights agreement in which it agreed, among other things, to complete the Registered Exchange Offer. The terms of the Registered Notes to be issued in the Registered Exchange Offer are substantially identical to the terms of the corresponding series of Restricted Notes, except that the Registered Notes will be registered under the Securities Act and the transfer restrictions, registration rights and additional interest provisions applicable to the Restricted Notes will not apply to the Registered Notes. The Registered Notes will represent the same debt as the Restricted Notes, and Fifth Third Bancorp will issue the Registered Notes under the same indenture that governs the Restricted Notes. The Registered Exchange Offer consists of an offer to exchange up to the entire aggregate principal amount of each series of Restricted Notes for an equal principal amount of the corresponding series of Registered Notes as set forth in the following table: The Registered Exchange Offer is being made pursuant to the terms and subject to the conditions set forth in a prospectus filed with the Securities and Exchange Commission dated August 21, 2026 (as the same may be amended or supplemented, the “Prospectus”). The complete terms and conditions of the Registered Exchange Offer, including instructions regarding procedures for tendering Restricted Notes, REGISTERED NOTES RESTRICTED NOTES $334,650,000 4.000% Senior Notes due 2029 (CUSIP No. 316773DT4) $334,650,000 4.000% Senior Notes due 2029 (CUSIP Nos. 316773DS6 and U3168PAB9) $938,141,000 5.982% Fixed-To-Floating Rate Senior Notes due 2030 (CUSIP No. 316773DR8) $938,141,000 5.982% Fixed-To-Floating Rate Senior Notes due 2030 (CUSIP Nos. 316773DQ0 and U3168PAA1)
are described in the Prospectus, copies of which may be obtained by contacting the exchange agent and information agent in connection with the Registered Exchange Offer: D.F. King & Co., Inc. 28 Liberty Street, 53rd Floor New York, New York 10005 Toll Free: (866) 207-3626 Toll: (212) 365-6884 Email: fitb@dfking.com Fifth Third Bancorp will accept for exchange any and all Restricted Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on September 22, 2026 (as the same may be extended with respect to one or more series of Restricted Notes, the “Expiration Date”). Prior to the Expiration Date, tenders of Restricted Notes may be withdrawn according to the procedures described in the Prospectus. Promptly after the Expiration Date, the Company will settle the Registered Exchange Offer by issuing Registered Notes pursuant to the terms of the Registered Exchange Offer. This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Registered Exchange Offer is being made solely pursuant to the terms and conditions of the Prospectus and only to such persons and in such jurisdictions as is permitted under applicable law. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is to be the one bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the New York Stock Exchange under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC. FORWARD-LOOKING STATEMENTS This communication contains statements that constitute "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "believe," "deliver," "expect," "may," "should," "will," "would," and other similar words and expressions or the negative of such terms or other comparable terminology. Such forward-looking statements include, but are not limited to, statements about the timing of the Registered Exchange Offer. No assurances can be given that the forward-looking statements contained in this communication will occur as expected and
110287450v2 actual results may differ materially from those included in this communication. Any forward-looking statement made in this communication is based solely on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except to the extent required by law. Important risks, uncertainties and other factors are described in the Prospectus. These and other important factors, including those discussed under "Risk Factors" in Fifth Third Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as Fifth Third’s subsequent filings with the SEC, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, Fifth Third disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.