Fifth Third (FITB) Q1 Earnings Beat, Revenues Decline Y/Y

Fifth Third Bancorp (FITB) has reported first-quarter 2024 adjusted earnings per share (EPS) of 76 cents, surpassing the Zacks Consensus Estimate of 71 cents. In the prior-year quarter, the company reported an EPS of 78 cents.Results have been aided by increases in non-interest income and the deposit balance. However, a fall in net interest income (NII) limited its revenue growth. Higher expenses were other undermining factors.The company has reported net income available to common shareholders of $480 mill ...