Susquehanna Bancshares Profit Drops On Bad Loans

Susquehanna Bancshares said its net interest margin decreased to 3.4 percent in the latest quarter from 3.7 percent in the year-ago quarter.

On the positive side, total deposits rose 3 percent to $9.1 billion compared with last year's first quarter, and net loans and leases grew 10 percent to $9.8 billion.

Shares of Susquehanna fell 46 cents, or about 5 percent, to close at $8.90.

Susquehanna Bancshares is the holding company for Susquehanna Bank, which has more than 230 branches in Pennsylvania, New Jersey, Maryland and West Virginia. Susquehanna received $300 million in December under the U.S. Treasury Department's voluntary capital purchase program.