Fifth Third Bancorp (FITB) Tops Q1 EPS by 3c
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Fifth Third Announces First Quarter 2016 Net Income to Common Shareholders of $312 Million, or $0.40 Per Diluted Share
April 21, 2016 6:30 AM EDT1Q16 net income available to common shareholders of $312 million, or $0.40 per diluted common share Includes a $47 million pre-tax (~$31 million after-tax) positive valuation adjustment on the remaining warrant in Vantiv, a $14 million pre-tax (~$9 million after-tax) expense related to the voluntary early retirement program, and an $8 million pre-tax (~$5 million after-tax) gain on the previously announced sale of certain branches in St. Louis. These items resulted in a net $0.03 impact on earnings per share 1Q16 return on average assets (ROA) of 0.93%; return on average common equity of 8.3%; return on average tangible common equity** of 9.9%... More
