Fifth Third Bancorp (FITB) reported that its fourth-quarter net loss was $98 million, compared to net loss of $2.1 billion in the fourth quarter of 2008.
After preferred dividends, the fourth quarter 2009 net loss available to common shareholders was $160 million or $0.20 per share, compared to net loss of $2.2 billion or $3.78 per share in the fourth quarter of 2008. Analysts polled by Thomson Reuters expected the company to report a loss of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter was $882 million, compared to $897 million in the prior year quarter. Total non-interest income was $651 million, compared to $642 million in year ago quarter.
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