Gold Banc Corp. Inc. of Leawood, Kan., reported that its second-quarter earnings soared to $25.3 million, from $300,000 in the year-earlier period.
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Earnings per share were 66 cents, against 1 cent a year earlier, and earnings for the first half rose 145%, to $33.4 million. Per-share earnings for the six months also rose 145%, to 86 cents.
An after-tax gain of $22.1 million on the sale of five Oklahoma branches helped the $4.1 billion-asset company's earnings. That gain was offset slightly by a $1.9 million loss on the sale of $101.3 million of investment securities.
Noninterest income over all rose 188%, to $38.7 million.
The results were announced Wednesday.
