Corus Bancshares Inc. of Chicago reported Monday that its first-quarter earnings rose 54% from a year earlier, to $43.3 million.
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Diluted earnings per share rose 55%, to $1.50, beating the average of analysts' estimates by 15 cents.
Assets grew 65%, to $9.2 billion. Most of the growth was in Corus' commercial real estate portfolio, which grew 60%, to $4.6 billion.
Net interest income rose 63%, to $83.8 million. Corus attributed a 6% drop in noninterest income, to $2.8 million, primarily to securities losses.
