FITB Fifth Third Bancorp

   By Allison Prang 
 

In the first quarter, Fifth Third Bancorp's (FITB) profit rose compared with the comparable quarter a year ago as earnings were helped by certain items.

The regional banking company reported $775 million in profit, up 11%. Fifth Third's earnings were $1.12 a share, up from 96 cents a share. Analysts polled by Refinitiv were expecting $1.05 a share.

Fifth Third had a $433 million gain on selling Worldpay shares, which helped its earnings in the quarter.

Net interest income rose 8.6% to $1.08 billion. Analysts were expecting $1.11 billion. Noninterest income at the company climbed 21% to $1.1 billion.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

April 23, 2019 07:06 ET (11:06 GMT)

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