- Vantiv-related transactions make comparisons difficult, but adjusted Q4 EPS of $0.48 topped estimates by a nickel.
- Helping were lower than expected loan loss provisions of $54M ($97M expected), and net charge-offs of $73M ($98M expected).
- NIM of 2.86% included a 5 basis points hit from $16M of card refunds, and was down 2 bps from Q3 and up 1 bp from a year ago.
- Tangible book value per share of $16.60 fell 4% from Q3, gained 8% from a year ago.
- Presentation slides
- Previously: Fifth Third Bancorp beats by $0.05, misses on revenue (Jan. 24)
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FITB -1.6%