Wilmington Trust Corporation posted higher second-quarter profits Friday on the strength of its regional banking and wealth advisory businesses along with slower growth of business expenses.

The Wilmington, Del.-based financial services firm said it earned $40.4 million in the most recent quarter, which represents an 11% jump from the year-ago quarter and slightly higher than the first quarter of 2005, according to a press release. Wilimington's earnings per share for the second quarter, on a diluted basis, were 59 cents, 9% higher than its second-quarter results in 2004.

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