In what may be a harbinger of things to come from other banks, Centura Banks Inc. reported strong loan growth in the first quarter loan but shrinkage of its net interest margin as deposit costs rose.

Centura, one of the first banks to report this quarter, said on Thursday that it earned $13.9 million in the period ended March 31, 32% more than a year earlier. Centura's earnings per share of 67 cents were in line with consensus estimates.

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