BUFFALO, N.Y. - First Empire State Corp. reported second-quarter net income of $27.8 million, including $7.6 million of securities gains after taxes.

Net income excluding the securities gains rose 24%, to $20.2 million, or $2.74 a share. A year earlier the company earned $2.24 a share.

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.