Fifth Third Bancorp reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's net interest income (FTE) was $888 million compared to $905 million a year ago. Income before income taxes was $519 million compared to $561 million a year ago. Net income was $385 million compared to $402 million a year ago. Net income attributable to Bancorp was $385 million compared to $402 million a year ago. Net income available to common shareholders was $362 million compared to $383 million a year ago. Return on average assets was 1.13% against 1.24% a year ago. Return on average common equity was 10.0% against 10.8% a year ago. Book value per share was $17.35 and tangible book value per share of $14.40; up 3% from third quarter 20114 and up 11% from fourth quarter 2013.

For the year, the company's net interest income was $3,600 million against $3,581 million a year ago. Total revenue was $6,073 million against $6,808 million a year ago. Income before income taxes was $2,028 million against $2,598 million a year ago. Net income attributable to Bancorp was $1,481 million against $1,836 million a year ago. Net income available to common shareholders was $1,414 million or $1.66 diluted per share against $1,799 million or $2.02 diluted per share a year ago. Book value per share was $17.35 against $15.85 a year ago. Return on average assets was 1.12% against 1.48% a year ago. Return on average common equity was 10.0% against 13.1% a year ago.

For the quarter, the company's net charge-offs was $191 million (0.83% of loans and leases) included $87 million of charge-offs related to the transfer of residential mortgage loans classified as troubled debt restructurings to held-for-sale.