Fifth Third Announces Fourth Quarter 2019 Results
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Fifth Third Bancorp (FITB) Tops Q4 EPS by 24c
January 22, 2020 6:31 AM ESTFifth Third Bancorp (NASDAQ: FITB) reported Q4 EPS of $0.96, $0.24 better than the analyst estimate of $0.72.
Key Highlights
Record full year net income of $2.5 billionGenerated $345 million pre-tax gain in 4Q19 from Worldpay tax receivable agreement (TRA) transaction with FIS4Q19 net interest income, NIM, noninterest income, and expense performance in-line with or better than prior guidanceEffectively managed interest-bearing core deposit costs better than prior guidance (down 19 bps vs. 3Q19), while continuing to grow core deposits (up 1% vs. 3Q19)Generated record capital markets revenue in 4Q19; full year revenue up... More