WASHINGTON (dpa-AFX) - Fifth Third Bancorp (FITB) released earnings for first quarter that fell compared to the same period last year.
The company said its profit fell to $312 million, or $0.40 per share. This was down from $346 million, or $0.42 per share, in last year's first quarter.
Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Fifth Third Bancorp earnings at a glance:
-Earnings (Q1): $312 Mln. vs. $346 Mln. last year. -Earnings Decline (Y-o-Y): -9.8% -EPS (Q1): $0.40 vs. $0.42 last year. -EPS Decline (Y-o-Y): -4.8% -Analysts Estimate: $0.34
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