Citing strong growth in its banking and data-services segments, Marshall and Ilsley ( MI) posted second-quarter earnings above Street estimates.

In a press statement Tuesday, the company said net income rose to $151.7 million, or 67 cents a share, from $134.7 million, or 59 cents a share, last year. The results beat consensus estimates by a penny.

The Milwaukee, Wis.-based financial services company said its provision for loan and lease losses fell in the second quarter to $9.2 million from $19.6 million a year earlier, while net charge-offs fell to $5 million from $9.8 million.

In addition, Marshall & Ilsley announced that it would fund all or part of its previously announced $610 million acquisition of NYCE Corp. by issuing senior debt and about $400 million of a hybrid security.

Shares of Marshall & Ilsley were trading recently at $38.97, down 13 cents, or 0.3%.