This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Fifth Third Announces Second Quarter 2012 Net Income To Common Shareholders Of $376 Million Or $0.40 Per Share

Earnings Highlights

    For the Three Months Ended   % Change
June   March   December   September   June    
2012   2012   2011   2011   2011   Seq   Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp $385

$430

$314 $381 $337 (10 %) 14 %
Net income available to common shareholders $376

$421

$305 $373 $328 (11 %) 15 %
 
Common Share Data
Earnings per share, basic 0.41 0.46 0.33 0.41 0.36 (11 %) 14 %
Earnings per share, diluted 0.40 0.45 0.33 0.40 0.35 (11 %) 14 %
Cash dividends per common share 0.08 0.08 0.08 0.08 0.06 - 33 %
 
Financial Ratios
Return on average assets 1.32 % 1.49 % 1.08 % 1.34 % 1.22 % (11 %) 8 %
Return on average common equity 11.4 13.1 9.5 11.9 11.0 (13 %) 4 %
Return on average tangible common equity 14.1 16.2 11.9 14.9 14.0 (13 %) 1 %
Tier I capital 12.31 12.20 11.91 11.96 11.93 1 % 3 %
Tier I common equity 9.77 9.64 9.35 9.33 9.20 1 % 6 %
Net interest margin (a) 3.56 3.61 3.67 3.65 3.62 (1 %) (2 %)
Efficiency (a) 59.4 58.3 67.5 60.4 59.1 2 % 1 %
 
Common shares outstanding (in thousands) 918,913 920,056 919,804 919,779 919,818 - -
Average common shares outstanding (in thousands):
Basic 913,541 915,226 914,997 914,947 914,601 - -
Diluted 954,622 957,416 956,349 955,490 955,478 - -
 
(a) Presented on a fully taxable equivalent basis
  The percentages in all of the tables in this earning release are calculated on actual dollar amounts not the rounded dollar amounts.

“Earnings trends remained positive in the second quarter of 2012. Results came in better than we had anticipated and followed a very strong first quarter,” said Kevin Kabat, President and CEO of Fifth Third Bancorp. “Mortgage results remained strong. Our capabilities and strength of market position has enabled us to capture significant business as we assist our customers in taking advantage of historically low interest rates. Card and processing revenue was up 9 percent sequentially, and corporate banking revenue increased 5 percent sequentially as loan production and ancillary business volume remained healthy during the quarter.

2 of 17

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs