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BANCFIRST OHIO CORP. REPORTS INCREASED EARNINGS

 ZANESVILLE, Ohio, July 21 /PRNewswire/ -- BancFirst Ohio Corp. (NASDAQ: BFOH) announced net income for the second quarter of 1993 of $1,247,000, or $.89 per share, compared with $1,214,000, or $.86 per share, reported for the second quarter of 1992. For the six month period ended June 30, 1993, net income was $2,559,000, compared to $2,291,000 for the same period of the preceding year, an increase of 11.7 percent. Earnings per share for the first six months totaled $1.82, compared to $1.62 one year ago. Return on average assets for the second quarter of 1993 was 1.52 percent and 1.56 percent year-to-date, while return on average equity was 12.82 percent and 13.34 percent, respectively. Net interest income on a tax-equivalent basis for the second quarter of 1993 increased $352,000, or 10.5 percent, over the second quarter of 1992, essentially from higher earning asset volume and a stable net interest margin. Net interest income for the first six months of 1993 was $7,281,000, which represents an increase of $568,000, or 8.46 percent from the preceding year. Total assets at the end of the period were $327,526,000.
 BancFirst Ohio Corp.'s wholly owned banking subsidiary, First National Bank of Zanesville, has 10 full service locations throughout Muskingum County, Ohio.
 BANCFIRST OHIO CORP.
 COMPARATIVE STATISTICS
 Percent June 30,
 Change 1993 1992
 Total Assets 7.5 $327,526,000 $304,538,000
 Total Loans 13.2 186,026,000 164,385,000
 Allowance for Loan
 Losses 47.2 2,613,000 1,775,000
 As a Percent of
 Outstanding Loans --- 1.40 1.08
 Deposits 7.8 287,829,000 266,911,000
 Shareholders' Equity 7.2 39,079,000 36,461,000
 Book Value per Share 7.6 27.80 25.83
 Market Value per Share 52.5 44.00 28.86
 Percent Quarter Ended June 30,
 Change 1993 1992
 Net Income 2.7 $ 1,247,000 $ 1,214,000
 Net Income per Share .89 .86
 Return on Assets (pct.) 1.52 1.63
 Return on Equity (pct.) 12.82 13.38
 Securities Gains, Net 99,000 96,000
 Provision for Possible
 Loan Losses 210,000 210,000
 Average Common Shares
 Outstanding 1,403,651 1,412,027
 Percent Year-To-Date
 Change 1993 1992
 Net Income 11.7 $ 2,559,000 $ 2,291,000
 Net Income per Share 1.82 1.62
 Return on Assets (pct.) 1.56 1.54
 Return on Equity (pct.) 13.34 12.70
 Securities Gains, Net 99,000 96,000
 Provision for Possible
 Loan Losses 420,000 420,000
 Average Common Shares
 Outstanding 1,405,952 1,412,652
 -0- 7/21/93
 /CONTACT: Donna Holycross of BancFirst Ohio Corporation, 614-455-7039/
 (BFOH)


CO: BancFirst Ohio Corporation ST: Ohio IN: FIN SU: ERN

AR -- CL015 -- 3890 07/21/93 11:10 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
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