Fifth Third Bancorp (FITB) Reports Q1 EPS of $1.12
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Fifth Third Announces First Quarter 2019 Results
April 23, 2019 6:30 AM EDTDiluted earnings per share of $1.12
Reported results included a positive $0.49 impact from certain items on page 3 of the 1Q19 earnings release
CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (FITB):
Key Highlights
MB Financial acquisition
Closed transaction on March 22, 2019 Expect to convert majority of systems in May 2019Strong financial and credit performance
NIM(a) up 10 bps compared to 1Q18 Adjusted PPNR(a) up 19% compared to 1Q18 (up 17% excluding the impact of MB) Average loans up 6% compared to 1Q18 (4% excluding impact of MB) Average... More