State National Bancshares Inc. of Fort Worth said its second-quarter earnings rose 17.9% from a year earlier, to $4.6 million.
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The net interest margin grew 29 basis points, to 5.64%, State National said Wednesday. Net interest income jumped 36.5%, to $25.4 million. The company said higher loan volume produced by an October acquisition boosted its earnings.
Last month the parent of the $1.69 billion-asset State National Bank, which has 45 branches in Texas and New Mexico, announced a deal to sell itself to Banco Bilbao Vizcaya Argentaria SA for about $480 million in cash. That deal is expected to close in the first quarter.
