Subsequent Event

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

On July 22, 2024, the Bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the Bancorp paid $200 million on July 23, 2024 to repurchase shares of its outstanding common stock. The Bancorp repurchased the shares of its common stock as part of its Board-approved 100 million share repurchase program previously announced on June 18, 2019. The final settlement of the transaction occurred on August 5, 2024.

The following table presents a summary of the Bancorp’s accelerated share repurchase transaction that was entered into and settled after June 30, 2024:

Repurchase Date	Amount ($ in millions)		Shares Repurchased on Repurchase Date	Shares Received from Forward Contract Settlement	Total Shares Repurchased	Final Settlement Date
July 23, 2024	$	200	4,160,548	713,340	4,873,888	August 5, 2024