Shares in City National Corp. dipped more than 3 percent Thursday after the regional bank company reported a modest increase in third quarter earnings that slightly missed analysts’ predictions.

City National reported third quarter net income of $60 million ($1.22 per share), a 2 percent increase from $59 million ($1.20) from the same period a year earlier. The earnings came in just below Wall Street’s estimates of $1.23 per share, according to a poll conducted by Thomson Financial.

Revenue for the Beverly Hills-based regional bank operator increased 10 percent to $235 million beating analysts’ expectations of $233 million.

City National said its third quarter was boosted by a 25 percent hike in revenue from trust and investment fees when compared to last year. Brokerage and mutual fund fees also jumped 19 percent year-over-year.

Shares in City National fell $2.19, or 3.2 percent, to $65.74 in afternoon trading Thursday on the New York Stock Exchange.