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 Thursdays 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.