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NBD BANCORP REPORTS RECORD EARNINGS

 NBD BANCORP REPORTS RECORD EARNINGS
 DETROIT, April 14 /PRNewswire/ -- NBD Bancorp (NYSE: NBD) today


reported a 13 percent increase in earnings for the quarter ended March 31, 1992. Net Income for the quarter was $78,560,000, or $.66 per share ($.64 per share fully diluted), as compared with $69,634,000, or $.59 per share ($.58 per share fully diluted) in the first quarter of 1991.
 Per share amounts for 1991 have been adjusted to reflect the 3-for-2 stock split distributed on Jan. 6, 1992, to shareholders of record Dec. 27, 1991.
 Chairman and President Charles T. Fisher III said Net Interest Income increased $27.7 million, or 11 percent, reflecting growth in both earning assets and net interest margin. Earning assets averaged $2.3 billion, or 8.9 percent, higher than the first quarter a year ago and net interest margin expanded to 4.16 percent from 4.13 percent. Non-interest sources of income increased $13.7 million, or 18 percent. These increases were partially offset by a $2.5 million, or 13 percent, increase in the Provision For Possible Credit Losses and a $21.4 million, or 10 percent, increase in Non-Interest Expenses.
 The Provision For Possible Credit Losses was $21.9 million versus $19.4 million a year earlier. Net loan charge-offs in the current quarter totaled $19.8 million, or 0.43 percent (annualized) of average loan and lease balances, as compared with $17.0 million, or 0.40 percent (annualized) in the first quarter last year.
 The Allowance For Possible Credit Losses at March 31, 1992, was $277.8 million, or 1.47 percent of total loans and leases. The Allowance was $263.7 million, or 1.49 percent, at Dec. 31, 1991, and was $254.1 million, or 1.45 percent at March 31, 1991.
 Nonperforming loans and leases at March 31, 1992, totaled $275.8 million, or 1.46 percent, of period-end loans and leases. Comparable numbers were $270.5 million, or 1.53 percent, at Dec. 31, 1991 and $183.1 million, or 1.04 percent, at March 31, 1991. Other real estate and property acquired in connection with loan work-outs and foreclosures totaled $22.0 million at March 31, 1992, $20.7 million at Dec. 31, 1991, and $24.0 million at March 31, 1991.
 Nonperforming balances exclude $88.9 million of below-market-rate United Mexican States obligations secured by zero coupon U.S. Treasury Securities with comparable maturities.
 NBD Bancorp total assets at March 31, 1992, were $31.1 billion as compared with $28.4 billion at March 31, 1991. Total loans and leases outstanding increased $1.3 billion to $18.9 billion while deposits increased $1.0 billion to $23.5 billion at March 31, 1992. Shareholders' Equity at March 31, 1992, was $2.2 billion, up $220 million, or 11 percent, in the past 12 months. The risk-based core capital ratio was 8.18 percent and the total capital ratio was 11.55 percent at period end.
 Period-to-period changes reflect the acquisition on Jan. 23, 1992, of the $1.5 billion Gainer Corporation. The acquisition was accounted for as a purchase.
 Data for 1991 have been restated to reflect the merger with FNW Bancorp, Inc. on Oct. 1, 1991. The merger was accounted for as a pooling-of-interests which required restatement of previously reported data to include accounts and operations of FNW.
 On Dec. 20, 1991, NBD announced execution of a definitive agreement to affiliate with the $2.5 billion Summcorp of Fort Wayne, Ind. The affiliation is subject to approval of Summcorp shareholders and regulatory agencies.
 On March 18, 1992, NBD announced execution of a definitive agreement to affiliate with the $6.6 billion INB Financial Corporation headquartered in Indianapolis. The affiliation is subject to approval of both NBD and INB shareholders and regulatory agencies.
 NBD BANCORP, INC.
 FINANCIAL HIGHLIGHTS
 Quarter Ended March 31
 Pct.
 1992 1991 Change
 Net Income(in thousands).......$ 78,560 $ 69,634 12.8 pct.
 Per Share:
 Net Income -Primary...........$ 0.66 $ 0.59 11.9 pct.
 -Fully Diluted.....$ 0.64 $ 0.58 10.3 pct.
 Cash Dividends Paid..........$ 0.25 $ 0.23 8.7 pct.
 Book Value...................$ 18.66 $ 16.99 9.8 pct.
 Return on Average Common
 Shareholders' Equity......... 14.04 pct. 14.02 pct.
 Return on Average Assets....... 1.03 pct. 1.00 pct.
 Net Interest Margin............ 4.16 pct. 4.13 pct.
 Balance Sheet Data:
 March 31
 Pct.
 1992 1991 Change
 (in thousands)
 Total Assets...................$31,141,955 $28,353,621 9.8 pct.
 Total Earning Assets...........$28,730,932 $25,920,697 10.8 pct.
 Total Loans and Leases.........$18,877,353 $17,575,274 7.4 pct.
 Total Deposits.................$23,482,579 $22,445,216 4.6 pct.
 Total Common Shareholders'
 Equity.......................$ 2,214,602 $ 1,994,876 11.0 pct.
 Risk-Based Capital Ratios:
 Core Capital.................$ 1,923,450 $ 1,709,687
 Ratio...................... 8.18 pct. 7.84 pct.
 Total Capital................$ 2,716,109 $ 2,291,077
 Ratio...................... 11.55 pct. 10.50 pct.
 Leverage Ratio................. 6.24 pct. 6.09 pct.
 NBD Bancorp Common Stock:
 Quarter Ended
 3-31-92 12-31-91 9-30-91 6-30-91 3-31-91
 Market Value:
 End of Period........$28 3/4 $29 3/4 $28 1/4 $23 1/8 $26 3/8
 High.................$31 5/8 $30 1/8 $29 $27 $26 7/8
 Low..................$28 1/8 $26 1/8 $23 1/4 $22 3/4 $20 3/4
 Price/Earnings(a)
 Ratio............ 11.5 12.2 11.8 9.6 10.9
 (a) -- Based on most recent 12-month Net Income per share (fully diluted) and end-of-period stock prices.
 All of the above data have been restated for the effects of the Oct. 1, 1991, merger with FNW Bancorp which was accounted as a pooling of interests and the 3-for-2 stock split for which the shareholders record date was Dec. 27, 1991.
 -0- 4/14/92
 /NOTE: ILLINOIS EDITORS -- NBD Bancorp is the parent company of 20 Metropolitan Chicago Banks with total assets of $5 billion. OHIO EDITORS -- NBD Bancorp is the parent company of NBD Bank with 21 branches in Columbus and Dayton, Ohio. INDIANA EDITORS -- NBD Bancorp is the parent company of Midwest Commerce Banking Company of Elkhart, Ind., and Gainer Bank of Merrillville, Ind. NBD also has a pending merger agreement with Summcorp, a $2.5 billion bank holding company based in Fort Wayne, Ind. FLORIDA EDITORS -- NBD Bancorp is the parent company of NBD Trust Company of Florida in North Palm Beach, Sarasota and Naples, and NBD FSB in Venice.
 CONTACT: Richard J. Johnson, 313-225-2591, or M. Renee Ahee, 313-225-2596, both of NBD Bancorp/
 (NBD) CO: NBD Bancorp, Inc. ST: Michigan IN: FIN SU: ERN


ML-SM -- DE010 -- 8136 04/14/92 09:58 EDT
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