Fifth Third Bancorp (FITB) Tops Q2 EPS by 23c
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Fifth Third Announces Second Quarter 2018 Net Income to Common Shareholders of $563 Million, or $0.80 Per Diluted Share
July 19, 2018 6:30 AM EDT2Q18 net income available to common shareholders of $563 million, or $0.80 per diluted common share Results included a net positive $0.17 impact on reported 2Q18 EPS: $205 million pre-tax (~$162 million after-tax)(a) gain related to the sale of Worldpay, Inc. (Worldpay) shares $30 million pre-tax (~$24 million after-tax)(a) charge to other noninterest income related to our branch optimization efforts, including the decision to close 29 branches and sell 21 parcels of land $19 million pre-tax (~$15 million after-tax)(a) in compensation expense primarily related to the previously announced staffing review... More
