First Niagara Financial's (NASDAQ:FNFG) results for the banking group's Q1 have been unveiled. For the quarter, the company saw a nearly 10% year-over-year rise in net interest income, to $266 million, from the $242 million in the same period of 2012. Net income available to common shareholders advanced to $59.7 million ($0.17 per diluted share), against Q1 2012's red figure of $54.8 million ($0.16).
In terms of operational line items, the company's total deposits saw a healthy increase, growing by 46% over the year-ago level, to land at $27.7 billion. The figure for total loans, meanwhile, rose 22% across the same time frame to reach just over $20 billion.
Fool contributor Eric Volkman has no position in First Niagara Financial. The Motley Fool has no position in First Niagara Financial. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.