NEW YORK (Standard&Poor's) July 18, 2013--Standard&Poor's Ratings Services today said its ratings on Fifth Third Bancorp (BBB/Positive/A-2) are not affected by the company's good second-quarter results, which were consistent with our expectations. Fifth Third reported Standard&Poor's-adjusted net income of $390 million, up from $386 million in the previous quarter and $349 million in second-quarter 2012. (We adjusted earnings for the gains from valuation adjustments associated with Vantiv warrants, gains from Vantiv share sales, and a benefit from the previously surrendered bank-owned life insurance policy.) First-quarter earnings benefited from strong mortgage and corporate banking revenue, which increased provisions and higher compensation expenses largely counteracted. Fifth Third's net interest margin (NIM) contracted by 9 basis points
