09:56 AM EDT, 06/12/2024 (MT Newswires) -- Fifth Third Bancorp ( FITB ) said in a regulatory filing Wednesday it has signed a new stock buyback agreement with Morgan Stanley ( MS ) to repurchase roughly $125 million of its outstanding common shares.

The company is buying back its common shares under its 100 million stock repurchase plan announced on June 18, 2019, Fifth Third added in its 8-K filing with the US Securities and Exchange Commission.

Fifth Third said it will pay a total of $125 million to Morgan Stanley ( MS ) under the repurchase agreement signed between the companies on July 29, 2015.

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