TierOne Corp. in Lincoln, Neb., reported Wednesday that its third-quarter earnings soared 34.5% from a year earlier, to $11.5 million.
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Diluted earnings per share jumped 31.4%, to 67 cents, beating the average of analysts' estimates by 7 cents, according to Thomson First Call.
The $3.4 billion-asset company reported net interest income of $33 million for the quarter, up 31.9%. Its loan-loss provision declined 32.1%, to $1.1 million, from the year earlier.
Noninterest income was $6.9 million, up 4.9% for the quarter, thanks to a $2.7 million pretax prepayment fee on a commercial real estate loan. Noninterest expense rose 17.6%, to $21.1 million.
