Fifth Third Bancorp (FITB) Tops Q2 EPS by 5c
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Fifth Third Announces Second Quarter 2015 Net Income to Common Shareholders of $292 Million, or $0.36 Per Diluted Share
July 21, 2015 6:30 AM EDT2Q15 net income available to common shareholders of $292 million, or $0.36 per diluted common share Includes a $97 million pre-tax (~$63 million after tax) non-cash impairment charge related to previously announced changes in the branch network and a $14 million pre-tax (~$9 million after tax) positive valuation adjustment on the warrant Fifth Third holds in Vantiv, resulting in a net $0.07 impact on earnings per share 2Q15 return on average assets (ROA) of 0.90%; return on average common equity of 8.1%; return on average tangible common equity** of 9.70% Pre-provision net revenue (PPNR)** of $496 million... More
