8-K/AOther EventsExhibits & Filings

FIFTH THIRD BANCORP 8-K/A Report, Corporate Update (Jun 19, 2008)

Filed June 19, 2008For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

This Form 8-K/A filing by Fifth Third Bancorp is an amendment to a previous report filed on June 18, 2008. The amendment clarifies a specific detail regarding expected average loan growth for the second quarter of 2008. The primary purpose of the original filing was to discuss Fifth Third Bancorp's plans to strengthen its capital position due to deteriorating credit trends observed in the second quarter of 2008. This amendment, while minor in scope, ensures accuracy in how the company is reporting its loan growth expectations.

Key Highlights

  • 1Amendment to a previously filed Form 8-K regarding capital strengthening plans.
  • 2The amendment specifically modifies a statement about expected average loan growth for Q2 2008.
  • 3The original filing addressed deteriorating credit trends in Q2 2008.
  • 4The clarification in the amendment states that the 10% average loan growth is a year-over-year comparison to Q2 2007.
  • 5This clarification ensures accurate reporting of the company's loan portfolio performance.
  • 6The company is filing Exhibit 99.4 as amended to incorporate this updated information into its SEC filings.

Frequently Asked Questions

This amendment is being filed to clarify the reference to average loan growth in Exhibit 99.4. The company wants to make it explicitly clear that the expected 10% average loan growth for the second quarter of 2008 is a comparison to the second quarter of 2007.

No, this amendment does not change the company's financial situation or its previously announced plans to strengthen its capital position. It is solely a clarification of how loan growth figures are being presented.

The original filing addressed concerns about Fifth Third Bancorp's capital position in light of continued deterioration in credit trends observed during the second quarter of 2008.

The amended filing states that average loans are expected to grow approximately 10 percent from the second quarter of 2007. This growth is expected to be driven by strong commercial balances, partially offset by a slight decline in consumer loans.