Fifth Third Bancorp (FITB) Tops Q4 EPS by 9c

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Go back to Fifth Third Bancorp (FITB) Tops Q4 EPS by 9c

Fifth Third Announces Fourth Quarter 2020 Results

January 21, 2021 6:30 AM EST

Reported diluted earnings per share of $0.78

Reported results included a negative $0.10 impact from certain items on page 2 of the earnings release

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

Key Highlights

CET1 approx. 84 bps above target; positioned to initiate repurchases up to $180 million in 1Q21 Solid credit quality, with stable NCOs and declines in NPAs; reserve coverage reflects improved macroeconomic environment and credit results Completed divestitures of property & casualty insurance and 401(k)... More