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BANCTEXAS GROUP INC. REPORTS IMPROVED EARNINGS

 DALLAS, April 22 /PRNewswire/ -- BancTEXAS Group Inc. (NYSE: BTX), a bank holding company whose stock is traded on the New York Stock Exchange, announced today that it had net income of $311,000 for the first quarter of 1993, compared to net income of $120,000 for the first quarter of 1992, a 159 percent increase. This represented earnings of 1.3 cents per share on the average number of shares outstanding, compared to five-tenths of 1 cent per share for the same period in 1992. This improvement includes an increase in the net interest margin of $122,000, a decrease in the provision for loan losses of $50,000 and certain nonrecurring expenses associated with the acquisition of First Bank/Las Colinas, which was merged into BTX's wholly owned subsidiary, BankTEXAS N.A., on Dec. 31, 1992, under the "pooling of interests" accounting rules.
 Nathan C. Collins, chairman of the board and chief executive officer of BTX, announced that last year's formal agreement between BankTEXAS N.A. and the Office of the Comptroller of the Currency which had required higher than normal capital levels had been terminated. Collins said, "We are pleased that our progress has been acknowledged by the Comptroller of the Currency through the termination of the formal agreement that was signed April 28, 1992. The conversion of First Bank/Las Colinas into a branch has been completed. All systems have been converted, staff is in place and all material one-time costs have been absorbed during the past 120 days. We now look ahead to improved financial performance and the hope for additional acquisition possibilities."
 At March 31, 1993, BTX had consolidated assets of $329 million compared to $323 million at Dec. 31, 1992. At March 31, 1993, nonperforming assets were $5.3 million, or 3 percent of loans and foreclosed property, compared to $6.6 million or 3.7 percent of loans and foreclosed property at Dec. 31, 1992, and $9.9 million or 5.1 percent of loans and foreclosed property at March 31, 1992. The allowance for loan losses at March 31, 1993 was $3.0 million, or 1.7 percent of loans. This allowance compares to $3.0 million, or 1.7 percent, at Dec. 31, 1992, and $4.4 million, or 2.4 percent, at March 31, 1992.
 At Mnt. At March 31, 1993, the risk-based capital ratio was 8.40 percent for BankTEXAS N.A. and the Tier I capital ratio for BankTEXAS N.A. was 7.15 percent. All of these capital ratios are in excess of the applicable regulatory requirements.
 BANCTEXAS GROUP INC.
 Financial Summary
 (In thousands, except per share)
 First Quarter 1993 1992
 Net interest income $3,347 $3,225
 Provision for loan losses 140 190
 Net income $ 311 $ 120
 Net income per share $.01 $.01
 Weighted average common shares and common
 share equivalents outstanding 23,243 23,011
 Issued and outstanding shares 19,301 19,084
 Period End 3/31/93 3/31/92
 Assets $328,542 $306,891
 Deposits 271,428 266,641
 Loans 173,975 182,508
 Allowance for loan losses 3,009 4,401
 Stockholders' equity 14,443 13,133
 Nonperforming assets $ 5,307 $ 9,892
 Risk Based Capital Ratio, Tier I 6.72 pct 6.21 pct
 Risk Based Capital Ratio, Total 8.27 pct 8.12 pct
 -0- 4/22/93
 /CONTACT: Kert Moore, treasurer and chief financial officer of BancTEXAS Group, 214-548-4010/
 (BTX)


CO: BancTEXAS Group Inc. ST: Texas IN: FIN SU: ERN

GK -- NY130 -- 9705 04/22/93 16:34 EDT
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Date:Apr 22, 1993
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