HomeSide Inc., making its first quarterly earnings release since going public, reported strong results Wednesday, in keeping with Wall Street's expectations.

The Jacksonville, Fla.-based lender earned $14.1 million, or 37 cents a share, in its fiscal fourth quarter, which ended Feb. 28. Most analysts who follow the company regard HomeSide stock as a buy, and they were not disappointed by the company's initial report. The figure did not include a charge of $6.4 million for the early repayment of debt.

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