BUFFALO -- First Empire State Corp. said Thursday its earnings fell 9.3% to $25.2 million, or $3.42 per common share, in this year's second quarter from $27.8 million, or $3.85, a year earlier.

The year-earlier results included a one-time after-tax gain from securities sales of $7.6 million. Excluding that gain, the company's second-quarter earnings rose 25%. First Empire, which has $10.5 billion of assets, realized no significant gains, from investment securities transactions in this year's second quarter.

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