Fifth Third Bancorp (FITB) Tops Q3 EPS by 3c
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Fifth Third Announces Third Quarter 2016 Net Income to Common Shareholders of $501 Million, or $0.65 Per Diluted Share
October 20, 2016 6:30 AM EDT3Q16 net income available to common shareholders of $501 million, or $0.65 per diluted common share Reported results included the following items which had a net positive $0.22 impact on reported 3Q16 EPS: A $280 million pre-tax (~$182 million after-tax) gain from the termination and settlement of gross cash flows from existing Vantiv tax receivable agreements (TRA) and the expected obligation to terminate and settle the remaining TRA cash flows upon the exercise of put or call options A $28 million pre-tax (~$18 million after-tax) non-cash impairment charge related to previously announced plans to sell or consolidate... More
