Fifth Third Bancorp (FITB) has reported its fourth-quarter earnings, revealing an increase from the previous year, although falling short of Wall Street's projections. The company's net income reached $582 million, translating to $0.85 per share, compared to $492 million or $0.72 per share in the corresponding period last year. On average, analysts had anticipated earnings of $0.88 per share, excluding any special items.
Here is a quick overview of Fifth Third Bancorp's earnings based on Generally Accepted Accounting Principles (GAAP):
- Earnings: $582 million, up from $492 million last year.
- Earnings Per Share (EPS): $0.85, compared to $0.72 last year.
