Lower credit costs and improved expense control helped Barnett Banks Inc. overcome sluggish revenue growth to post a 16% gain in second quarter earnings. Net income reached $121.2 million, from $104.2 million in the year-ago quarter.

Barnett's per-share earnings of $1.15 were right in line with analysts' consensus estimates, according to First Call.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.