NEW YORK (Standard&Poor's) Oct. 18, 2012--Standard&Poor's Ratings Services today said its ratings on Fifth Third Bancorp (BBB/Positive/A-2) are not affected by the company's third-quarter earnings, which we view as decent though slightly below our expectations. Fifth Third reported Standard&Poor's-adjusted net income of $383 million, up from $349 million in the second quarter and $378 million in third-quarter 2011. For third-quarter 2012, we adjusted reported earnings by adding back a $17 million charge on the redemption of trust preferred securities (TruPS) and a $10 million charge related to the valuation of Vantiv warrants. We also excluded an $8 million gain on the sale of certain Fifth Third funds. All previous periods used for comparison exclude
