Fifth Third Bancorp (FITB) Tops Q4 EPS by 24c

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Go back to Fifth Third Bancorp (FITB) Tops Q4 EPS by 24c

Fifth Third Announces Fourth Quarter 2019 Results

January 22, 2020 6:30 AM EST

Diluted earnings per share of $0.96, including a positive $0.28 impact from certain items on page 2 of the 4Q19 earnings release

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

Key Highlights

Record full year net income of $2.5 billion Generated $345 million pre-tax gain in 4Q19 from Worldpay tax receivable agreement (TRA) transaction with FIS 4Q19 net interest income, NIM, noninterest income, and expense performance in-line with or better than prior guidance Effectively managed interest-bearing core deposit costs better than prior guidance (down 19 bps vs. 3Q19), while... More