Texas Regional Bancshares Profit Falls

Earnings slide 3.3%.
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Texas Regional Bancshares

(TRBS)

net income fell 3.3% from a year ago in the first quarter.

The company earned $23 million, or 42 cents a share, in the quarter, compared with $23.8 million, or 43 cents a share, a year ago. On that basis, analysts surveyed by Thomson First Call were expecting earnings of 41 cents a share.

Net interest income for the quarter rose 7.4% from a year ago to $61.6 million.

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