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Areas Monetary Corp. (NYSE: RF) reported a decline in revenue and revenues for the fourth quarter of 2023. Web curiosity revenue decreased 12%
- Web revenue out there to widespread shareholders decreased to $367 million in This fall from $660 million a yr earlier
- On a per-share foundation, fourth-quarter earnings practically halved to $0.39 from $0.70 in This fall 2022
- Web curiosity revenue was $1.23 billion within the December quarter, in comparison with $1.40 billion final yr
- At $1.81 billion, complete income was down 9.5% year-over-year; non-interest revenue decreased by 3.3% to $580 million
- Complete deposits have been $126.4 billion, in comparison with $133.0 billion within the fourth quarter of the prior yr
- Complete loans moved as much as $98.3 billion from $95.8 billion a yr earlier
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