Categories Earnings, Finance

Fifth Third Bancorp (FITB): Q3 2019 Earnings Snapshot

Fifth Third Bancorp (FITB) Q3 earnings miss estimates

– Fifth Third Bancorp (NASDAQ: FITB) reported Q3 2019 earnings of $0.71 per share, vs. $0.73 per share expected.

– Net income available to common shareholders rose 26% annually to $530 million

– Third-quarter book value per share advanced 26% to $27.32

– Net interest income was $1.24 billion, up 19% year-over-year

— Noninterest income increased 31% annually to $740 million

— There was a 19% year-over-year increase in average total portfolio loans and leases

– Fifth Third Bancorp stock closed the last trading session up 2.5%

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