Rigorous expense controls helped sustain top results at one Cincinnati- based banking company, while margin compression modestly lowered profitability at another institution in the same city.

Fifth Third Bancorp said fourth-quarter earnings reached $64.7 million, a 19.6% leap from restated results of a year ago. Slashing expenses after acquiring a Kentucky thrift, the bank posted a 1.77% annualized return on assets, up 8 basis points.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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