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INTEGRA FINANCIAL ANNOUNCES FIRST QUARTER EARNINGS

 INTEGRA FINANCIAL ANNOUNCES FIRST QUARTER EARNINGS
 PITTSBURGH, April 14 /PRNewswire/ -- Integra Financial Corporation


(NASDAQ: ITGR) today announced first quarter 1992 net income of $19.7 million or $.80 per share compared to net income of $16.1 million or $.67 per share for the first quarter of 1991.
 Commenting on earnings, William F. Roemer, chairman and chief executive officer, said, "Our first quarter 1992 results demonstrate Integra's ability to generate solid quarterly earnings. Favorable trends continued with higher net interest income and a lower loan loss provision. Core earnings continued to improve, as we expected."
 The corporation's net interest income for the first quarter of 1992 increased by 22 percent to $82.5 million from a year ago. The substantial improvement was due to the higher level of earning assets and downward repricing of interest-bearing deposits in the lower interest rate environment. Trust income and deposit service fee income increased in the first quarter while net securities gains declined. First quarter 1992 non-interest expense of $67.7 million was higher than first quarter 1991 expense of $64 million, but reflects a decline from the fourth quarter 1991 level of $69.9 million. Higher data processing costs and FDIC premiums caused increases in non-interest expense from a year ago. The higher non-interest expense in the fourth quarter resulted from costs relating to realignment of the corporation's bank subsidiaries.
 A provision for possible loan losses totalling $7.2 million was recorded during the first quarter of 1992 compared to $10 million for the same period of 1991. The decline in the level of the provision for loan losses reflects the trend of improving asset quality. Nonperforming assets at March 31, 1992, were $117.1 million compared to $121 million at Dec. 31, 1991, and $146.2 million at March 31, 1991. Integra's reserve for possible loan losses at March 31, 1992, was $100.2 million or 2.37 percent of total loans. The reserve continues to provide strong coverage with ratios of 125 percent and 103 percent of nonperforming loans at March 31, 1992, and 1991, respectively.
 The Landmark Savings Association acquisition, which was announced on Oct. 2, 1991, is progressing on schedule and is expected to close in the second quarter of 1992. A special meeting to obtain the approval of Landmark shareholders has been scheduled for later this month. "Integra is very excited about the Landmark acquisition. Landmark's mortgage banking capabilities and branch franchise will enhance and complement Integra's operations and market presence," Roemer remarked.
 Integra currently operates three banks and a trust company with 209 branch offices in 22 counties of western Pennsylvania. Integra's total assets at March 31, 1992, were $8.8 billion vs. $7.8 billion one year ago. The market value of trust assets under management increased from $6 billion at March 31, 1991, to $6.7 billion at March 31, 1992.
 Integra remains a strongly capitalized bank holding company with consolidated shareholders' equity of $570 million, a core capital to risk-weighted assets ratio of 10.66 percent and a total capital to risk- weighted assets ratio of 11.92 percent. The corporation's leverage capital ratio was 6.15 percent at March 31, 1992. The book value of Integra's common stock was $23.44 per share at March 31, 1992, while the market value was $36.63 per share.
 The corporation's major affiliates include Integra Bank/North, Integra Bank/Pittsburgh, Integra Bank/South, Integra Trust Company and Integra Investment company. Based on assets, Integra is the third largest bank holding company headquartered in Pittsburgh and the fifth largest in Pennsylvania.
 /delval/
 -0- 4/14/92
 /CONTACT: William S. Eiler of Integra Financial, 412-644-8073, or at home, 412-921-7620/
 (ITGR) CO: Integra Financial Corporation ST: Pennsylvania IN: FIN SU: ERN


LJ-MP -- PG003 -- 8099 04/14/92 09:18 EDT
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Date:Apr 14, 1992
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