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Fifth Third Bancorp to Redeem Series L Preferred Stock

Story Highlights
  • Fifth Third Bancorp plans to redeem all Series L Preferred Stock by September 30, 2025.
  • The redemption will reduce net income by $3.5 million for the third quarter of 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fifth Third Bancorp to Redeem Series L Preferred Stock

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Fifth Third Bancorp ( (FITB) ) has provided an update.

On September 19, 2025, Fifth Third Bancorp announced its plan to redeem all outstanding 4.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, and associated depositary shares by September 30, 2025. This redemption will result in a $3.5 million reduction in net income available to common shareholders for the third quarter of 2025, treated as an incremental preferred dividend expense, and will leave no Series L Preferred Stock or Depositary Shares outstanding.

The most recent analyst rating on (FITB) stock is a Buy with a $52.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.

Spark’s Take on FITB Stock

According to Spark, TipRanks’ AI Analyst, FITB is a Outperform.

Fifth Third Bancorp’s strong earnings call performance and positive technical indicators are the most significant factors driving the score. However, concerns about declining revenue growth and a recent fraud-related impairment charge weigh on the overall assessment.

To see Spark’s full report on FITB stock, click here.

More about Fifth Third Bancorp

Fifth Third Bancorp is a historically innovative bank, established in 1858, that provides financial services aimed at improving lives for individuals, families, businesses, and communities. It is recognized as one of the most ethical companies globally and strives to be the most valued and trusted regional bank in the U.S. Its common stock is traded on the NASDAQ under the symbol ‘FITB.’

Average Trading Volume: 5,087,401

Technical Sentiment Signal: Buy

Current Market Cap: $30.39B

See more insights into FITB stock on TipRanks’ Stock Analysis page.

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