Fifth Third Bancorp (FITB) saw its earnings jump 14% as the lender’s provisions for loan losses fell, the Wall Street Journal reported.

The journal says the bank benefitted from the improved credit quality of the loans on their books, allowing them to reduce funds that are set aside to write off bad debt.

Fifth Third reported a profit of $385 million, which is up from $337 million a year earlier.

Click here to read more in the WSJ.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please