Loan growth and fee income helped lift NationsBank Corp.'s earnings in the first quarter, but they would have been flat if not for a $30 million reduction in the loan-loss provision.

The Charlotte-based company reported net income of $443 million, up by 6%, or $26 million. Meanwhile, the loss provision fell to $70 million - $13 million less than net chargeoffs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.