Picking up some of the customer fallout from consolidation among superregionals, smaller northeast regional banks and thrifts continued to report generally strong earnings.

Banking companies such as State Street Boston Corp. and HSBC Americas Inc. registered strong improvement. Smaller companies like Pennsylvania's Sovereign Bancorp, New York's Onbancorp, and New Jersey's Hubco reported respectable improvements in operating earnings but lower net profits as a result of special provisions.

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