8-K/ARegulation FDExhibits & Filings

FIFTH THIRD BANCORP 8-K/A Report, Regulation FD Disclosure (Jan 20, 2011)

Filed January 20, 2011For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

This 8-K/A filing from Fifth Third Bancorp (FITB) is an amendment to a previous filing made on January 19, 2011. The amendment's primary purpose is to correct specific data points within the "Regulation G Non-GAAP reconciliation" section of their Q4 2010 earnings release materials. Specifically, the number of "Pro forma Common shares outstanding" and "Tangible book value per share" have been adjusted for two scenarios related to common share issuance and TARP. Investors should note these are corrections to previously issued information, not new operational updates. The key changes impact the "Pro forma Common Share Issuance, TARP December 2010" and "Pro forma Common Share Issuance December 2010" columns on slide 50. The number of common shares outstanding was increased from 796 million to 910 million in both pro forma calculations. Correspondingly, the tangible book value per share was revised downwards, from $11.83 to $10.34 for the TARP scenario and from $12.02 to $10.51 for the general issuance scenario. These adjustments reflect a more accurate representation of the company's share structure and book value under these specific pro forma conditions.

Key Highlights

  • 1Amendment to a previously filed 8-K related to Q4 2010 earnings.
  • 2Correction pertains to Non-GAAP financial disclosures (Regulation G reconciliation).
  • 3Adjusted "Pro forma Common shares outstanding" from 796 million to 910 million.
  • 4Corrected "Tangible book value per share" downwards for pro forma scenarios.
  • 5The specific corrected values impact calculations related to TARP and general common share issuance as of December 2010.
  • 6The filing clarifies that this information is furnished, not filed, and not incorporated by reference into other filings.
  • 7The Chief Financial Officer has signed off on the amendment, indicating executive oversight of the correction.

Frequently Asked Questions

This filing is an amendment to correct specific data points in Fifth Third Bancorp's Q4 2010 earnings release materials, specifically within the "Regulation G Non-GAAP reconciliation" on slide 50. The corrections relate to the number of common shares outstanding and the tangible book value per share under certain pro forma scenarios.

The corrected metrics are "Common shares outstanding (in millions)" and "Tangible book value per share." These were adjusted in the columns titled "Pro forma Common Share Issuance, TARP December 2010" and "Pro forma Common Share Issuance December 2010."

The number of "Pro forma Common shares outstanding (in millions)" was originally reported as 796 and has been corrected to 910 in both specified pro forma columns.

The "Tangible book value per share" was corrected downwards. For the "Pro forma Common Share Issuance, TARP December 2010" column, it changed from $11.83 to $10.34. For the "Pro forma Common Share Issuance December 2010" column, it changed from $12.02 to $10.51.

No, this is an amendment to correct previously issued pro forma data related to share counts and book value per share for past periods. It does not represent new financial performance results or changes to the company's current operational outlook.