Provident Bankshares Corp. in Baltimore announced Thursday third-quarter earnings rose 11% from a year earlier, to a record $20 million.
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The $6.4 billion-asset company attributed the gain to a 12.4% increase in noninterest income, specifically in deposit-service fees. Net interest income rose 1.3%, to $50 million.
Provident's chief executive officer, Gary Geisel, said the strong third-quarter earnings put the company on track to finish the year "near the upper end of the range of analysts' estimates," which is $2.31.
