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/FIRST AND FINAL ADD -- FL017 -- BANCFLORIDA EARNINGS/

 /FIRST AND FINAL ADD -- FL017 -- BANCFLORIDA EARNINGS/
 BANCFLORIDA FINANCIAL CORPORATION
 Financial Highlights
 (Dollars in thousands, except share data)
 Three Months Ended Six Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Total interest income $ 29,786 $ 37,231 $ 58,904 $ 75,124
 Total interest expense 19,751 28,004 41,067 58,073
 Net interest income 10,035 9,227 17,837 17,051
 Provision for loan losses 3,912 405 5,394 825
 Net interest income after
 provision for loan losses 6,123 8,822 12,443 16,226
 Other income
 Gain on sale of investments
 and loans 1,995 441 10,974 1,170
 Fees and other 2,567 2,321 5,683 4,436
 Total other income 4,562 2,762 16,657 5,606
 Real estate operations,
 net (A) (557) 798 (115) 2,835
 General & administrative
 expenses 9,777 12,266(B) 18,441 22,112(B)
 Total other expenses 9,220 13,064 18,326 24,947
 Income (loss) before
 income tax expense
 (credit) and extraordinary
 item 1,465 (1,480) 10,774 (3,115)
 Income tax expense (credit)(C) (110) 167 3,545 (33)
 Income (loss) before
 extraordinary income 1,575 (1,647) 7,229 (3,082)
 Extraordinary income, net(D) -- -- 194 --
 Net Income (loss) $1,575 $(1,647) $7,423 $(3,082)
 Primary earnings (loss) per
 share:
 Income (loss) before
 extraordinary income $ 0.36 $ (0.56) $ 1.88 $ (1.06)
 Extraordinary income, net -- -- 0.05 --
 Net income (loss) $ 0.36 $ (0.56) $ 1.93 $ (1.06)
 Average common shares
 outstanding 3,533,765 3,533,765 3,533,765 3,533,765
 Fully diluted earnings
 per share:
 Income before
 extraordinary income $ 0.28 $ -- $ 1.23 $ --
 Extraordinary income,
 net -- -- 0.03 --
 Net income $ 0.28 $ -- $ 1.26 $ --
 Average shares
 outstanding 6,376,152 -- 6,220,632 --
 (A) -- Includes provisions for losses on assets classified as
 investment in real estate of $700,000, $4.2 million, $2.1
 million and $7.6 million, respectively.
 (B) -- Includes $1.3 million relating to the early retirement and
 employment agreement termination of the company's past
 chairman of the board, president and CEO.
 (C) -- Income taxes do not bear the customary relationship to
 income (loss) before taxes due to the bank's utilization of
 the experience method for the bad debt deduction for tax
 purposes.
 (D) -- Represents gain on acquisition of convertible subordinated
 debentures, net of applicable income taxes.
 Three Months Ended Six Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 (In Percents)
 Return on average assets 0.43 (0.40) 1.02 (0.37)
 Return on average equity 10.89 (10.17) 26.68 (9.42)
 General and administrative
 expenses to average
 assets 2.67 2.96 2.52 2.64
 Yield on earning assets 8.66 9.72 8.70 9.60
 Cost of funds 5.64 7.27 5.90 7.37
 Net spread 3.02 2.45 2.80 2.23
 Mar. 31, Sept. 30,
 AT THE PERIOD ENDED 1992 1991
 Loans receivable, net $ 907,750 $ 969,612
 General allowance for loan losses 18,100 17,410
 Non-performing loans and REO, net 139,636 145,296
 Total assets 1,466,237 1,448,985
 Deposit accounts 1,172,353 1,184,377
 Federal Home Loan Bank advances 174,800 122,800
 Other borrowings 20,689 24,625
 Total stockholders' equity 58,613 51,271
 Cumulative dividends in arrears 2,908 2,304
 Book value per common share 11.50 9.59
 Stockholders' equity to:
 Total assets 4.00 pct. 3.54 pct.
 Total liabilities 4.16 pct. 3.67 pct.
 Tangible capital (A) 3.89 pct. 3.38 pct.
 Core capital (A) 4.12 pct. 3.67 pct.
 Risk-based capital (A) 7.89 pct. 6.80 pct.
 (A) -- Minimum regulatory capital requirements applicable
 at March 31, 1992 are as follows:
 Tangible capital 1.50 pct.
 Core capital 3.00 pct.
 Risk-based capital 7.20 pct.
 The risk-based capital requirement will increase to its fully phased-in percentage of 8.0 percent on Dec. 31, 1992.
 -0- 4/21/92 AA FL017
 /END FIRST AND FINAL ADD/
 (BFL) CO: BancFlorida Financial Corporation ST: Florida IN: FIN SU: ERN


JJ-JB-AW -- FL017A -- 0895 04/21/92 17:01 EDT
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Date:Apr 21, 1992
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