CINCINNATI — Fifth Third Bancorp said in a Securities and Exchange Commission filing that it is “cautious” about the second half of 2001 because of a worsening economic environment and turbulent financial markets.

Fifth Third also discussed its first quarter in the filing, saying that it expected credit quality to remain stable from the fourth quarter but also expected a “moderate” rise in nonperforming assets for the quarter and year. The company said it has added “fewer than 10” midsize commercial credits, totaling $15 million to $20 million, to nonaccrual status in the first quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.