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 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.