Powered by loan growth and a strong net interest margin, Boston-based BayBanks Inc. posted $107.4 million in earnings for full-year 1994, a whopping 58% above the previous year, the company said Friday.

Down in Connecticut, loan growth helped boost full-year net income for People's Mutual Holdings to $56.3 million, 24% over 1993's earnings.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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