Fifth Third Bancorp (FITB) Tops Q3 EPS by 1c

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Fifth Third Announces Third Quarter 2017 Net Income to Common Shareholders of $999 Million, or $1.35 Per Diluted Share

October 24, 2017 6:33 AM EDT

3Q17 net income available to common shareholders of $999 million, or $1.35 per diluted common share Results included a positive $0.87 impact on reported 3Q17 earnings per share: $1.037 billion pre-tax ($679 million after-tax) gain on the sale of Vantiv shares $47 million pre-tax (~$31 million after-tax)(a) charge related to the valuation of the Visa total return swap $0.02 negative EPS impact reflecting a specific Vantiv-related tax item and lower equity method income from the reduced interest in Vantiv Reported net interest... More