ROCKY MOUNT, N.C. - Centura Banks Inc. said Thursday that second-quarter earnings fell to $28.7 million, or 72 cents per diluted share, before merger-related and other charges. After such charges, totaling $11.2 million, net income totaled $20.9 million, or 52 cents per diluted share.

Net income was 88 cents per diluted share a year ago. Results for the year-ago period were restated to reflect Centura's acquisition of Triangle Bancorp.

The second-quarter results were in line with a profit warning the company had released last week. It said then that earnings would be between 71 cents and 74 cents a share, well short of the 99 cent Thomson Financial/First Call consensus estimate at the time.

Centura said its shortfall was due primarily to higher interest rates and the accompanying pressure on net interest margins.

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