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WILMINGTON TRUST SECOND QUARTER EARNINGS UP 7 PERCENT

 WILMINGTON TRUST SECOND QUARTER EARNINGS UP 7 PERCENT
 WILMINGTON, Del., July 16 /PRNewswire/ -- Wilmington Trust


Corporation (NASDAQ: WILM) reported that net income for the second quarter of 1992 was $19.6 million.
 This is a 7 percent increase over the $18.3 million in net income for the second quarter of 1991. Earnings per share for the quarter were $.52, up 8 percent from $.48 last year.
 For the first six months, net income was up 8 percent to $37.7 million, or $.99 a share, versus $34.9 million, or $.92 a share, a year ago.
 The second quarter gain was led by net interest income, which reached $41.2 million, up 9 percent from $37.8 million last year. The net interest margin improved to 4.62 percent, versus 4.27 percent for the second quarter a year ago.
 On June 30, 1992, total assets amounted to $4.2 billion. The year- to-date return on assets reached 1.82 percent on an annualized basis, up from 1.72 percent for the same period last year, and return on equity was 20.0 percent compared to 21.1 percent a year ago. As of June 30, 1992, stockholders' equity increased 11 percent to $385.0 million from $347.5 million a year ago.
 In May, Leonard W. Quill succeeded Bernard J. Taylor, II as chairman and chief executive officer. Taylor headed the company since 1979 and retired on July 15. Under Taylor's leadership, the company has grown to be one of the soundest and most profitable banks in the nation.
 Also in the second quarter, the company completed the conversion of Sussex Trust's operating systems into its own. This enables the company to provide customers throughout Delaware with full-service banking capabilities through 60 conveniently located branches. With the all the operational aspects of the merger completed, the company is well positioned to realize the benefits of this major expansion in southern Delaware.
 The Wilmington Trust Corporation Board of Directors today declared a quarterly dividend of $.225 a share, payable Aug. 17, 1992, to stockholders of record on Aug. 3.
 WILMINGTON TRUST CORPORATION AND SUBSIDIARIES
 FINANCIAL HIGHLIGHTS
 (in thousands, except per share $ Pct.
 1992 1991 Change Change
 FOR THE SIX MONTHS
 ENDED JUNE 30
 Net Income $37,652 $34,909 $2,743 7.9
 Net Income Per Share (A) $0.99 $0.92 $0.07 7.6
 Average Shares
 Outstanding (A) 38,102 37,794
 Annualized Return
 on Assets (pct.) 1.82 1.72
 Annualized Return on Equity 20.00 21.06
 Average Stockholders'
 Equity to Assets 9.08 8.16
 FOR THE QUARTER
 ENDED JUNE 30
 Net Income $19,614 $18,300 $1,314 7.2
 Net Income Per Share (A) $0.52 $0.48 $0.04 8.3
 Average Shares
 Outstanding (A) 38,035 37,830
 AS OF JUNE 30
 Total Assets $4,238,234 $4,234,877 $3,357 0.1
 Total Deposits 3,234,089 3,284,359 (50,270) (1.5)
 Total Loans 2,976,466 2,917,084 59,382 2.0
 Reserve For Loan Losses 45,607 44,442 1,165 2.6
 Net Loans 2,930,859 2,872,642 58,217 2.0
 Investment Securities 760,075 872,249 (112,174) (12.9)
 Short-Term Investments 177,768 155,348 22,420 14.4
 Stockholders' Equity 385,010 347,545 37,465 10.8
 Book Value Per Share 10.18 9.16
 Risk-Based Capital
 Ratio (pct.) 12.86 12.11
 Core (Tier I) Ratio 11.47 10.73
 (A) Prior period amounts have been adjusted to reflect the 100 percent stock dividend declared on April 16, 1992.
 Prior period numbers have been restated to reflect the acquisition of The Sussex Trust Company under the pooling of interests method.
 /delval/
 -0- 7/16/92
 /CONTACT: Charles W. King of Wilmington Trust, 302-651-8069/
 (WILM) CO: Wilmington Trust Company ST: Delaware IN: FIN SU: ERN DIV


MK -- PH020 -- 9760 07/16/92 12:41 EDT
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Date:Jul 16, 1992
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