Fifth Third Bancorp (FITB) reported first quarter net income of $50 million, down from $286 million last year.
Net loss available to common shareholders was $26 million or $0.04 per share, compared to net income available to common shareholders of $286 million in the same quarter a year earlier.
On average, 15 analysts polled by Thomson Reuters expected the company to report loss of $0.27 per share. Analysts' estimates typically exclude special items.
Net interest income on a taxable equivalent basis declined to $781 milion from $826 million in the comparable period a year ago.
Total non-interest income fell to $697 million from $864 million in the prior-year quarter.
Ten analysts had a consensus revenue estimate of $1.52 billion.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.