5/3 Bancorp Earnings Surprise Analysts
April 20, 2021
Noting a strong first quarter for the 9th largest US consumer bank; the Cincinnati Business Courier’s Steve Watkins asks our Jim Russell about his expectations for the year ahead.
“Fifth Third reported much better than anticipated first-quarter earnings on strong credit trends and expense control,” Russell told me. “Strong credit trends are likely to remain in place over the balance of 2021. Non-interest income was higher, while loan volumes remain on the weak side.”
Russell likes the bank’s outlook, too.
“Fifth Third anticipates continued improvement in the financial metrics in both the second-quarter and full year 2021 periods,” he said.
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