Despite lagging revenues and higher costs, Firstar Corp. chairman and chief executive officer Roger Fitzsimonds said he is determined to continue with an extensive restructuring.

The Milwaukee banking company reported lower-than-expected earnings in the fourth quarter because of a decline in commercial loan growth, a rise in expenses, and higher chargeoffs in its credit card portfolio.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.