Hibernia Corp., hit by two large credit problems, reported quarterly profits of $29.6 million, a 28% decline, as the first wave of regional banks reported results Monday.

Earnings at Winston-Salem, N.C.-based BB&T Corp. jumped 15%, to $138 million, helped by a 29% gain in fee income, and Milwaukee-based Marshall & Ilsley Corp. notched a 13% increase, to $86 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.