© Reuters.
CINCINNATI/PITTSBURGH – In recent financial disclosures, both Fifth Third Bancorp (NASDAQ:) and FNB Corp reported a decline in earnings per share (EPS) and revenues compared to the same quarter of the previous year. Fifth Third Bancorp, headquartered in Cincinnati, saw its EPS decrease by 10.9% to $0.90, while Pittsburgh-based FNB Corp experienced a drop in EPS to 13 cents from 44 cents.
The revenue figures for the two banks also reflected downturns. Fifth Third Bancorp’s revenue decreased by 6.9% to $2.16 billion, and FNB Corp reported a revenue decline of nearly one-fifth to $337.11 million. These results fell short of market expectations, with Fifth Third Bancorp meeting only 25% of revenue estimates and FNB Corp not reaching the anticipated $403.83 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
