Fifth Third Bancorp Q1 income drops in line with estimates

(RTTNews) - Fifth Third Bancorp (FITB) reported a profit for first quarter that decreased from the same period last year in line with the Street estimates.

The company's earnings totaled $480 million, or $0.70 per share. This compares with $535 million, or $0.78 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Fifth Third Bancorp earnings at a glance (GAAP) :

-Earnings (Q1): $480 Mln. vs. $535 Mln. last year. -EPS (Q1): $0.70 vs. $0.78 last year.