8-K/ARegulation FDExhibits & Filings

FIFTH THIRD BANCORP 8-K/A Report, Regulation FD Disclosure (Mar 15, 2013)

Filed March 15, 2013For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

This Form 8-K/A filing from Fifth Third Bancorp (FITB) primarily serves as an amendment to a previous 8-K filed on March 14, 2013. The amendment corrects a minor typographical error in a press release regarding the company's capital plan submission under the Comprehensive Capital Analysis & Review (CCAR) process. Specifically, the error involved the date in a footnote pertaining to the mandatory conversion price of Fifth Third's common stock, which was corrected from 'June 30, 2012' to 'June 30, 2013'. Investors should note that the original March 14, 2013 filing announced that the Board of Governors of the Federal Reserve System did not object to Fifth Third's capital plan. This is a positive development indicating regulatory confidence in the bank's financial stability and capital adequacy. The filing also references the disclosure of company-run stress test results, which were previously attached as an exhibit.

Key Highlights

  • 1Amendment to a previous 8-K filing dated March 14, 2013.
  • 2Corrects a typographical error in footnote 1 of a press release regarding the CCAR capital plan submission.
  • 3The corrected date for the mandatory conversion price condition is 'June 30, 2013', not 'June 30, 2012'.
  • 4Original filing announced that the Federal Reserve did not object to Fifth Third's capital plan.
  • 5Indicates regulatory approval and confidence in the bank's capital adequacy.
  • 6References previously disclosed company-run stress test results as required by Dodd-Frank.
  • 7Information is furnished, not filed, for purposes of Section 18 of the Securities Act of 1934.

Frequently Asked Questions

This filing is an amendment to correct a typographical error in a press release that was originally submitted with an 8-K on March 14, 2013. The error was in a footnote regarding the timing for the mandatory conversion price of Fifth Third's common stock.

The press release originally stated that Fifth Third's common stock price needed to maintain a level at or above $15.05 for 20 of 30 consecutive days, as of or after 'June 30, 2012'. The correction amends this date to 'June 30, 2013'.

The original filing announced that the Board of Governors of the Federal Reserve System did not object to Fifth Third Bancorp's capital plan submitted under the Comprehensive Capital Analysis & Review (CCAR) process. This suggests regulatory approval and confidence in the bank's financial health.

No, this is a procedural amendment to correct a minor error. The core information relates to the non-objection of the capital plan by the Federal Reserve and references previously disclosed stress test results. No new financial results or strategic changes are being introduced in this amendment.