Centura Banks Inc. of Rocky Mount, N.C., earned $35.8 million in the fourth quarter, 1% more than a year earlier, it announced Thursday.

Full-year earnings, net of the $50.7 million paid for Triangle Banks in February, totaled $134.6 million.

In June $11.5 billion-asset Centura said higher interest deposit and fee waivers it had offered to Triangle customers were narrowing its profits. In Thursday’s earnings announcement chief executive officer Cecil W. Sewell said “94% of these households” had been retained.

Centura expects earnings to rise 8% to 10% this year, Mr. Sewell said.

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.