Earnings were up 19% in the latest quarter at Franklin Resources, a major seller of mutual funds through banks.

The San Mateo, Calif.-based company earned $75.2 million in the quarter ended March 31, versus $63 million a year earlier.

Operating revenues were up 22%, to $244.6 million. Assets under management on March 31 totaled $141.4 billion, 19% more than a year earlier.

Franklin earned $74 million in the quarter ended Dec. 31, when revenues came to $226.6 million. Assets under management totaled $135.1 billion at yearend.

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