million in the second quarter, 23% more than a year earlier. Earnings per share rose 8 cents, to 48 cents. The 1996 data were pro forma. The company has since been spun off from Louisville, Ky.-based Providian Corp. The card issuer maintained its profitability despite a 53-basis-point rise in the credit loss rate since the first quarter, to 6.59%. Delinquencies of more than 30 days fell to 4.37%, from 4.52% in the first quarter. Managed loans rose 18% during the last 12 months, to $9.2 billion. Unbanked outstandings, including unsecured cards, doubled to $608 million.

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