Fifth Third Bancorp (FITB) Reports In-Line Q1 EPS

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Fifth Third Announces First Quarter 2015 Net Income to Common Shareholders of $367 Million, or $0.44 Per Diluted Share

April 21, 2015 6:30 AM EDT

1Q15 net income available to common shareholders of $367 million, or $0.44 per diluted common share Includes a $70 million pre-tax (~$46 million after tax) positive valuation adjustment on the warrant Fifth Third holds in Vantiv, $37 million pre-tax (~$24 million after tax) gain on the sale of held-for-sale residential mortgage loans classified as troubled debt restructurings (TDRs), and a $17 million pre-tax (~$11 million after tax) charge related to the valuation of the Visa total return swap, resulting in a net $0.07 impact on earnings per share 1Q15 return on average assets (ROA) of 1.12%; return on average common... More