DBRS confirms Susquehanna

DBRS said that the ratings for Susquehanna Bancshares, Inc., including its BBB (high) issuer and senior debt rating are unchanged following the release of its 2012 first quarter results.

The trend on all ratings is negative.

Susquehanna reported net income of $23.5 million, up from $19.1 million for the fourth quarter of 2011 and $9.8 million for the first quarter of 2011.

Susquehanna's 2012 first quarter earnings reflected contributions from Tower Bancorp, Inc., as well as some noise from several non-core items, the agency said.

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