Continuing to reap the benefits of its Alex. Brown acquisition, Bankers Trust New York Corp. said Thursday its first-quarter net income jumped 11%, to $222 million.

But Cleveland-based National City Corp. posted a 62% decline in net income to $104 million, due to expenses from two acquisitions. Backing out merger charges, earnings rose 7%, to $298 million. However, operating earnings per share were still a penny shy of analysts' consensus estimate.

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.