Fidelity National Corp. of Decatur, Ga., released its 1998 earnings this week, but the company made bigger news with its 1997 results.

After discovering an error, the $700 million-asset company said it had to restate its 1997 earnings, cutting them by more than half. Fidelity said it made $963,000 in 1997, or 15 cents per share. A year ago, the bank said those earnings were $1.8 million, or 33 cents per share.

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.