Fifth Third Bank reported Q2/15 earnings were $292 million, down 30% from $416 million in earnings for Q2/14. Earnings per share of $0.36 was off from analysts’ expectations of $0.39 EPS.

The following highlights were excerpted from the news release:

• The bank noted it took a Q2/15 $97 million non-cash impairment charge
  related to the announced changes to its branch network.
• Net interest income of $892 million was down $13 million from $905
  million for the same quarter in 2014.
• The average yield in Q2/15 was 3.28% down 25 basis points from 3.53% a
  year earlier.
• The net interest margin of 2.90% in Q2/15 was down 25 basis points from
  3.15% in Q2/14.
• Average Commercial Lease outstandings in Q2/15 of $3,776 million was
  up 6% from $3,555 million a year earlier.

Read the full release from Fifth Third here.