Fifth Third Bancorp (FITB) revealed a profit for its first quarter that increased from last year.
The company's bottom line totaled $674 million, or $0.93 per share. This compares with $29 million, or $0.04 per share, in last year's first quarter.
Analysts had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Fifth Third Bancorp earnings at a glance:
-Earnings (Q1): $674 Mln. vs. $29 Mln. last year.
-EPS (Q1): $0.93 vs. $0.04 last year.
-Analysts Estimate: $0.69
For comments and feedback: editorial@rttnews.com