Texas Regional Bancshares

(TRBS)

said fourth-quarter earnings rose 9.5% to $22.8 million, or 46 cents a share, from $20.8 million, or 42 cents a share, a year ago.

The Wall Street estimate was 44 cents a share, according to Thomson First Call.

Net interest income during the quarter rose by 10.7% to $61.37 million over the fourth quarter of 2004 while average total interest earning assets increased by12.2% to $5.8 billion. The net interest margin, on a tax-equivalent basis, declined by seven basis points to 4.28%.

The provision for loan losses was $6.1 million in the latest quarter, up 6.5% from a year ago. The company cited higher loan volume and charge-offs of $3.6 million that included $3.1 million related to three loan relationships.

For the year ended Dec. 30, 2005, the bank posted net income of $88.3 million, or $1.77 a share, compared with $76.6 million, or $1.59 a share, in 2004

Texas Regional Bancshares is the holding company for Texas State Bank, a commercial bank with 71 branch offices in Texas.

On Tuesday, shares of Texas Regional Bancshares is trading at $29.05, 24 cents, or 0.83% up.

This story was created through a joint venture between TheStreet.com and IRIS.