Firstar (FSR Quote), a bank holding company, met analysts' fourth-quarter expectations as income, excluding merger charges, rose to $394.3 million, up 21.4% from $324.9 million a year ago.
The company reported earnings of 41 cents a share, in line with Wall Street's expectations, compared with 33 cents a year ago. The company, which is based in Milwaukee, also reported fourth-quarter revenue of $1.09 billion, up 4.7% from $1.04 billion a year ago. Firstar's total assets at Dec. 31 rose to $77.6 billion from $72.8 billion a year ago. In October, Firstar announced plans to merge with U.S. Bancorp(USB Quote) in a stock swap originally valued at about $21.2 billion.- Loading Comments...
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