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UNITED FINANCIAL BANKING COMPANIES REPORTS FIRST QUARTER RESULTS FOR 1993

 VIENNA, Va., May 5 /PRNewswire/ -- United Financial Banking Companies, Inc. (UFBC), reported a net loss of $111,189 for the first quarter ending March 31, 1993. This compares with a loss of $357,872 for March 31, 1992. Earnings per share were ($0.11) for the three months ending March 31, 1993, compared to ($0.36) for the comparable period in 1992.
 United Financial Banking Companies, Inc., continues to do everything it can to liquidate real estate owned; however, it is directly affected by the slow-turning economic development.
 UNITED FINANCIAL BANKING COMPANIES, INC., AND SUBSIDIARIES
 SELECTED ACCOUNTS
 March 31, 1993 Dec. 31, 1992
 Total Assets $59,007,180 $58,853,179
 Total Liabilities 51,871,780 51,606,590
 Total Stockholders' Equity 7,135,400 7,246,589
 Three Months Ended March 31,
 1993 1992
 Total Interest Income $ 549,026 $ 827,577
 Net Interest Income 309,394 433,810
 Provision for Loan Losses (65,000) 182,000
 Total Other Income 469,901 343,592
 Total Other Expenses 955,484 1,132,574
 Net Income (111,189) (357,872)
 Earnings Per Share (0.11) (0.36)
 -0- 5/5/93
 /CONTACT: Ralph E. Jewell for United Financial Banking Companies, 202-898-0676/


CO: United Financial Banking Companies, Inc. ST: Virginia IN: FIN SU: ERN

DC-TW -- DC016 -- 4939 05/05/93 14:15 EDT
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Publication:PR Newswire
Date:May 5, 1993
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