Susquehanna Bancshares Inc. (SUSQ) Wednesday reported first-quarter net income of $42.4 million or $0.23 per share, up from $23.5 million or $0.14 per share last year.
On average, 15 analysts polled by Thomson Reuters expected earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter rose to $149.2 million from $134.1 million last year. Total non-interest income for the period rose to $42.6 million from $39.5 million.
Twelve analysts had a consensus revenue estimate of $196.41 million for the quarter.
Provisions made for bad loans were lowered to $12.0 million from $19.0 million last year.
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