Fifth Third Bancorp (FITB) Tops Q1 EPS by 1c
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Fifth Third Announces First Quarter 2017 Net Income to Common Shareholders of $290 Million, or $0.38 Per Diluted Share
April 25, 2017 6:35 AM EDT1Q17 net income available to common shareholders of $290 million, or $0.38 per diluted common share Results included the following items which had a net neutral impact on reported 1Q17 earnings per share: A $13 million pre-tax (~$8 million after-tax)(a) charge related to the valuation of the Visa total return swap A $12 million pre-tax (~$8 million after-tax)(a) benefit related to the revision to the 4Q16 estimated charge to net interest income for refunds to certain bankcard customers Reported... More
