Fifth Third Bancorp (FITB) Tops Q1 EPS by 9c

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Go back to Fifth Third Bancorp (FITB) Tops Q1 EPS by 9c

Fifth Third Announces First Quarter 2018 Net Income to Common Shareholders of $689 Million, or $0.97 Per Diluted Share

April 24, 2018 6:32 AM EDT

CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (Nasdaq: FITB):

1Q18 net income available to common shareholders of $689 million, or $0.97 per diluted common share Results included a net positive $0.40 impact on reported 1Q18 EPS: $414 million pre-tax (~$327 million after-tax)(a) step-up gain included in other noninterest income from the Vantiv merger with Worldpay $39 million pre-tax (~$31 million after-tax)(a) charge to other noninterest income related to the valuation of the Visa total return swap $8 million pre-tax... More