Fulton Financial Corp. in Lancaster, Pa., attributed its improved first-quarter earnings partly to better cost control.

The $16 billion-asset company posted a 22.9% increase in profit from a year earlier, to $33.8 million.

Noninterest expenses rose just 1.5% from a year earlier, to $101.6 million. Costs associated with foreclosures and repossessions declined 27% from a year earlier, to $2 million. Fulton's loan-loss provision fell 5% from a year earlier, to $38 million. Nonperforming assets, however, rose 13.7% from a year earlier, to $355.1 million. Fulton announced the results Tuesday.

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