Fifth Third Bancorp Q2 Earnings Preview: NIM Improvement Likely Priced In (Rating Downgrade)

Joe Hendrickson 1D Seeking Alpha Before considering what Q2 results might bring, it is worthwhile to revisit what FITB reported in Q1. In the company's first quarter, FITB earned $0.76 on an adjusted basis as the company appeared to hit an inflection point on net interest margin (NIM) and continues to report strong credit quality. At the same time, it continues to show solid expense discipline, as noninterest expenses fell by 1% from last year to $1.3 billion. Partially offsetting this, non-interest income ...