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BANCFIRST OHIO CORPORATION REPORTS HIGHER EARNINGS

 ZANESVILLE, Ohio, Oct. 25 /PRNewswire/ -- BancFirst Ohio Corp. (NASDAQ: BFOH) announced net income for the third quarter of 1993 of $1,431,000, or $1.02 per share, compared with $1,287,000, or $.91 per share, reported for the third quarter of 1992. For the nine-month period ended Sept. 30, 1993, net income was $3,990,000, compared to $3,578,000 for the same period of the preceding year, an increase of 11.5 percent. Earnings per share for the first three quarters totaled $2.84, compared to $2.53 one year ago. The reported earnings levels resulted in returns on average equity for the third quarter and year-to- date of 14.21 percent and 13.35 percent, respectively. During the third quarter, the corporation realized a net gain on the sale of securities of $258,000 in connection with the management of its investment portfolio. Net interest income on a tax-equivalent basis for the third quarter of 1993 increased $130,000, or 3.58 percent, over the same quarter of 1992, essentially from higher earning asset volume and a relatively stable net interest margin. Net interest income for the nine- month period ended Sept. 30, 1993, was $10,936,000, which represents an increase of $701,000, or 6.85 percent from the preceding year. Total assets at the end of the period were $337,755,000.
 BancFirst Ohio Corp.'s wholly owned banking subsidiary, First National Bank of Zanesville, Ohio, has 10 full service locations throughout Muskingum County.
 BANCFIRST OHIO CORP.
 COMPARATIVE STATISTICS
 Percent Sept. 30, Sept. 30,
 Change 1993 1992
 Total Assets 1.00 $337,755,000 $334,422,000
 Total Loans 15.11 $193,321,000 $167,941,000
 Allowance for Loan
 Losses 43.79 $2,732,000 $1,900,000
 As a Percent of
 Outstanding Loans --- 1.41 1.13
 Deposits (0.78) $292,677,000 $294,964,000
 Shareholders' Equity 7.39 $39,986,000 $37,235,000
 Book Value per Share 7.77 $28.43 $26.38
 Market Value per Share 54.69 $45.00 $29.09
 Percent Quarter Ended Sept. 30,
 Change 1993 1992
 Net Income 11.19 $1,431,000 $1,287,000
 Net Income per Share 12.09 $1.02 $0.91
 Return on Assets (pct.) 1.71 1.61
 Return on Equity (pct.) 14.21 13.74
 Securities Gains, Net $258,000 $0
 Provision for Possible
 Loan Losses $190,000 $210,000
 Average Common Shares
 Outstanding 1,406,451 1,411,628
 For the Nine-Month
 Percent Period Ended Sept. 30,
 Change 1993 1992
 Net Income 11.51 $3,990,000 $3,578,000
 Net Income per Share 12.25 $2.84 $2.53
 Return on Assets (pct.) 1.61 1.55
 Return on Equity (pct.) 13.35 13.06
 Securities Gains, Net $357,000 $96,000
 Provision for Possible
 Loan Losses $610,000 $630,000
 Average Common Shares
 Outstanding 1,406,120 1,412,309
 -0- 10/25/93
 /CONTACT: Donna Holycross of BancFirst Ohio Corporation, 614-455-7039/
 (BFOH)


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

KL-AR -- CL010 -- 6175 10/25/93 09:41 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
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