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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