Fifth Third Q1 Earnings Hurt by Energy Loan Related Provisioning
Fifth Third reported Q1/16 earnings were $312 million, down from $346 million for the same quarter in 2015. The bank’s loan loss charge of $119 million was up 72% from a year earlier, primarily as a result of reserving for nonperforming energy related C&I loans.
April 25, 2016
First Third Bank
ABF Journal