Fifth Third Bancorp beats 4Q net income and revenue expectations

Industries Associated Press

Fifth Third Bancorp (FITB) on Wednesday reported fourth-quarter profit of $385 million.

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The bank, based in Cincinnati, said it had earnings of 43 cents per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The regional bank posted revenue of $1.54 billion in the period, also topping Street forecasts. Analysts expected $1.51 billion, according to Zacks.

Fifth Third shares have decreased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased nearly 2 percent. The stock has declined 16 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on FITB at http://www.zacks.com/ap/FITB

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Keywords: Fifth Third Bancorp, Earnings Report