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CCB ANNOUNCES THIRD QUARTER EARNINGS

 CCB ANNOUNCES THIRD QUARTER EARNINGS
 DURHAM, N.C., Oct. 12 /PRNewswire/ -- Net income for CCB Financial


Corporation (NASDAQ: CCBF) for the third quarter ended Sept. 30, 1992 was $6,422,000 compared to $5,708,000 in the third quarter of 1991. On a per share basis, primary and fully diluted income were $.84 and $.79, respectively, compared to $.75 and $.71. For the nine months ended Sept. 30, 1992, net income was $18,966,000 compared to $16,445,000 for the comparable period of 1991. Primary and fully diluted income per share were $2.48 and $2.33, respectively, compared to $2.16 and $2.04. Total assets reached $2,270,383,000 at Sept. 30, 1992.
 E.C. Roessler, Executive Vice President and Chief Financial Officer of CCB Financial Corporation, commented, "Our earnings performance for the first nine months of the year continues to be impressive with a 15.3 percent increase over last year. Al areas of performance continue to be strong, including our net interest margin, fee income and now, cost containment. Noteworthy is the continued improvement in asset quality as nonperforming assets as a percent of total loans has steadily decreased from 2.38 percent in the third quarter of 1991 to 1.55 percent in the recent quarter."
 CCB Financial Corporation is the bank holding company for Central Carolina Bank and Trust Company and Republic Bank & Trust Company and operates 97 offices located primarily in the Piedmont section of North Carolina.
 -0- 10/12/92
 /CONTACT: W. Harold Parker, Jr., CCB Financial Corporation, 919-683-7631/
 (CCBF) CO: CCB Financial Corporation ST: North Carolina IN: FIN SU: ERN


MM -- CH004 -- 8921 10/12/92 15:23 EDT
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Publication:PR Newswire
Date:Oct 12, 1992
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