ATB Financial today reported its ninth consecutive profitable year-end, with net income of $198.7 million for the fiscal year ended March 31, 2006.

ATB Financial’s equity, as at March 31, 2006, increased to $1.3 billion and assets totalled $17.6 billion.

“Our performance for 2005-06 was exceptionally strong. I’m really pleased with the outstanding efforts our associates have made to deliver our personal service to hundreds of thousands of customers,” said Bob Normand, ATB Financial president and CEO, in a release. “ATB Investor Services continues to surpass our growth expectations, with nearly $2.5 billion in assets under administration, after only three years in operation.”

Net income for the fiscal 2006 was $198.7 million compared to $187.3 million in 2004-05.

Other income was $155.6 million, up 11.7% over 2004-05.

Net interest income was $462.3 million, up 15.9% over 2004-05

Total assets as fiscal year end-were $17.6 billion, up 14.7% over 2004-05.

ATB’s efficiency ratio was 67.7% compared to 67.9% in 2004-05.