Compared to the prior quarter, mortgage earnings, originations and servicing all declined at Fifth Third Bancorp, as did residential assets.

During the final-three months of last year, income before income taxes was $393 million, according to the fourth-quarter earnings report.

Earnings at the Cincinnati-based bank-holding company fell from $509 million a year earlier and plunged from $1.489 billion three months earlier.

Source: Mortgage Daily