Fifth Third Bancorp (NASDAQ:FITB)
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6 Months : From Oct 2019 to Apr 2020
By Allison Prang
Fifth Third Bancorp (FITB) expects its adjusted net interest income and net interest margin to fall in the fourth quarter compared with the third quarter.
It expects adjusted net interest income on a fully taxable-equivalent basis to fall by about 1% compared to the third quarter.
It expects its adjusted net interest margin on a fully-taxable equivalent basis to fall between four and five basis points from the third quarter.
Fifth Third is expecting adjusted noninterest income--not including merger-related items--to fall by about 4% from the third quarter.
It expects adjusted noninterest expense to be flat to slightly lower compared to the third quarter.
The company is expecting fourth-quarter average loans and leases, including those held for sale, to be "relatively stable" compared with the third quarter.
The company is expecting its charge-offs to be "generally consistent" with the third quarter, it said.
Write to Allison Prang at firstname.lastname@example.org
(END) Dow Jones Newswires
October 22, 2019 09:54 ET (13:54 GMT)
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