Equitable Group Inc. today reported record earnings for the second quarter ended June 30.

the Company is on track to achieve its performance objectives for all of 2005.

Net earnings grew 27% to $4.73 million from $3.72 million in the second quarter of 2004.

Diluted earnings per share increased 25% to $40¢ from 32¢ in the second quarter of 2004.

Return on weighted average shareholders; equity was 16.7% compared to 15.3% in the second quarter a year ago.

Mortgage assets increased 42% to $1.54 billion from $1.09 billion a year ago.

Conventional mortgage production increased 64% to $329 million from $201 million in the second quarter of 2004.

“Equitable continues to perform on plan and at a high level,” said Geoffrey Bledin, president and CEO, in a release.

“Measured against our objectives for the year of 20% growth in EPS, greater than 16% ROE, 20% growth in assets, an attractive productivity ratio, and continuation of our minimal loan loss experience, we are well on track.”

Equitable Group Inc. provides residential first mortgage financing through its wholly owned subsidiary, The Equitable Trust Company.