Financial services company Fifth Third Bancorp (NASDAQ: FITB) reported results for the fourth quarter of 2023. There was a decline in net interest income in Q4.
- Fourth quarter net income was $530 million, compared to $737 million in the comparable period of 2022
- On a per-share basis, net income available to common shareholders was $0.72 in Q4, compared to $1.01 in the prior-year quarter
- Average deposits increased by 5% in the December quarter to $169.45 billion.
- During the quarter, the company opened 19 branches, 18 of which are in high-growth Southeast markets
- Net interest income decreased 10% year-over-year to $1.42 billion in the fourth quarter
- Non-interest income moved up to $744 million in Q4 from $735 million in the prior-year period
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
