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News Breaks | | | | December 12, 2012 | | 16:34 EDT |  | FITB, VNTV | Fifth Third Bancorp prepays $1B term debt, takes $134M pre-tax charge
Fifth Third (FITB) sold a total of 13.7M shares of Vantiv’s (VNTV) Class A common stock. The sale represents approximately 16.3% of Fifth Third’s ownership position in Vantiv. Fifth Third expects to recognize a pre-tax gain of approximately $155M, approximately $100M after-tax, during Q4. Fifth Third has prepaid the $1B of FHLB term debt that was scheduled to mature on January 5, 2016. This action resulted in a prepayment charge of $134M pre-tax. Fifth Third expects net interest savings through the maturity date of approximately the same amount. This would represent approximately $40M-$45M in annual net interest income benefit, or approximately 4 bps benefit to net interest margin. | |
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News For FITB;VNTV From The Last 14 Days Check below for free stories on FITB;VNTV the last two weeks. |
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| May 22, 2013 | | 09:27 EDT |  | VNTV | Vantiv management to meet with Deutsche Bank
 Subscribe for More Information | | | May 21, 2013 | | 09:07 EDT | | VNTV | Vantiv management to meet with Deutsche Bank
Subscribe for More Information | | | May 16, 2013 | | 08:33 EDT | | FITB | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 06:29 EDT |  | VNTV | Vantiv re-initiated with an Outperform at Credit Suisse
Subscribe for More Information | | | May 9, 2013 | | 12:29 EDT | | VNTV | Vantiv management to meet with Jefferies
Meeting to be held in New York on May 16 hosted by Jefferies. | |
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