Stonegate Bank in Ft. Lauderdale, Fla., said Wednesday that third-quarter earnings rose 73% from a year earlier, to $1.6 million, due to increased lending.

The $847.9 million-asset bank's loan portfolio grew by $184 million from a year earlier. As a result, net interest income rose 24% from a year earlier, to $7.7 million. Still, the net interest margin compressed 29 basis points from a year earlier, to 3.91%.

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