Net income for the fourth quarter excluding restructuring and merger-related expenses was $14.2 million compared to $10.6 million for 2011, up 34 percent. Earnings per share excluding restructuring and merger-related expenses were 52 cents versus 40 cents per share for 2011, the bank said.
For the twelve months ended Dec. 31, net income rose 13 percent to $49.5 million, while earnings per share were $1.84, up nearly 19 percent from 2011, excluding restructuring and merger-related costs.