Wintrust Financial (WTFC) in Rosemont, Ill., reported higher quarterly earnings as income from loan growth offset lower fee revenue.

The $18.9 billion-asset company said in a press release Monday that its second-quarter net income rose 12% from a year earlier, to $38.5 million, or 79 cents a share.

Net interest income rose 10%, to $149 million. The bank's net-interest margin increased by one basis point over the same period to 3.62%. Wintrust has been an active acquirer, buying 11 branches in Wisconsin from Talmer Bancorp (TLMR) in April and agreeing to buy a branch in Pewukee, Wis., from National Bank.

Noninterest income fell 16%, to $54.1 million. Total loans rose 8%, to $14 billion. The net interest margin widened by 12 basis points, to 3.62%.

Noninterest expenses increased by 4%, to $131 million.

The loan-loss provision fell by 57%, to $6.7 million. Net chargeoffs decreased by 64%, to $6.6 million.

"Our pipelines for both internal growth and external growth remain consistently strong," Edward Wehmer, Wintrust's president and chief executive, said in the release.

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