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FIDUCIARY TRUST COMPANY INTERNATIONAL DECLARES QUARTERLY DIVIDEND AND REPORTS THIRD QUARTER EARNINGS

 NEW YORK, Oct. 27 /PRNewswire/ -- The board of directors of Fiduciary Trust Company International (FCNY) has declared a regular quarterly dividend of 50 cents per share on common stock, payable Nov. 19, 1993, to shareholders of record on Nov. 8, 1993.
 Fiduciary Trust Company International manages over $26 billion for individuals and institutions. Headquartered in New York, the company serves its worldwide clients from offices in New York, Washington, D.C., Los Angeles, Miami, London, Geneva and Hong Kong.
 Fiduciary Trust Company International today reported earnings and per share data for the three-month and nine-month periods ended September 30, 1993 and 1992 as follows:
 FIDUCIARY TRUST COMPANY INTERNATIONAL
 Three Months Ended Nine Months
 September 30 Ended September 30
 ($ In thousands except
 per share data)
 1993 1992 1993 1992
 Investment management,
 trust, and other
 commissions $21,509 $19,143 $62,369 $56,936
 Net interest margin 1,794 1,698 5,081 4,758
 Other income 2,150 1,250 6,696 3,251
 Total 25,453 22,091 74,146 64,945
 Operating Expenses 21,186 18,431 61,450 54,202
 Income before taxes
 and cumulative effect
 of a change in
 accounting principle 4,267 3,660 12,696 10,743
 Applicable taxes 1,564 1,444 4,898 4,450
 Income before cumulative
 effect of a change in
 accounting principle $2,703 $2,216 $7,798 $6,293
 Cumulative effect on
 prior years of a change
 in accounting principle
 (net of taxes of $1,690) 0 0 0 1,937(A)
 Net Income $2,703 $2,216 $7,798 $4,356
 Per share data
 based on 2,309,9359(B)
 shares: Income before
 taxes and cumulative
 effect of a change
 in accounting principle $1.17 $0.96 $3.38 $2.72
 Net Income $1.17 $0.96 $3.38 $1.89
 Book Value $23.89 $22.17
 Dividends $0.50 $0.45 $1.42 $1.21
 (A) -- Effective January 1, 1992, the Company adopted FASB No. 106, "Employers' Accounting for Postretirement Benefits Other Than Pensions." This non-recurring after-tax charge is $1,937.
 (B) -- On April 28, 1993 the Company declared a 5 percent stock dividend payable July 15, 1993.
 -0- 10/27/93
 /CONTACT: Michael O. Magdol, Vice Chairman and Chief Financial Officer, 212-466-4100/


CO: Fiduciary Trust Company International ST: New York IN: FIN SU: ERN DIV

CK -- NY128 -- 7580 10/27/93 18:08 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
Words:398
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