Fifth Third Bancorp (FITB) Tops Q3 EPS by 18c
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Fifth Third Announces Third Quarter 2020 Results
October 22, 2020 6:30 AM EDTReported diluted earnings per share of $0.78
Reported results included a negative $0.07 impact from certain items on page 2 of the earnings release
CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (FITB):
Key Highlights
Very strong reported and adjusted return metrics, reflecting strong operating results Credit losses well below previous expectations with a NCO ratio of 0.35%, the lowest level since 2Q19 PPNR(a) exceeded previous guidance, led by strong fees and better-than-expected NII performance (interest-bearing core deposit costs down 14 bps, more than previous... More