CINCINNATI (AP) - Shareholders of Fifth Third Bancorp meet Tuesday in Cincinnati as the regional bank continues to cope with a housing market that remains sluggish.
The Cincinnati-based financial services company has been working to overcome a hard-hit housing market in key states such as Florida and Michigan.
Fifth Third reported in January that it posted a fourth-quarter profit as revenue rose and delinquent and defaulted loans fell.
The bank also reported this year that it completed the repayment of $3.4 billion in TARP funds from the government's financial system rescue program. Fifth Third sold shares in a $1.7 billion share offering in January to help fund the payback.
Fifth Third will report first-quarter earnings on Thursday. Analysts surveyed by FactSet expect earnings per share of 21 cents.