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FIRST CHICAGO REPORTS RESULTS

 FIRST CHICAGO REPORTS RESULTS
 CHICAGO, Oct. 15 /PRNewswire/ -- First Chicago Corp. (NYSE: FNB)


today released the following:
 FIRST CHICAGO CORPORATION AND SUBSIDIARIES
 (In millions, except per share data)
 Comparative Summary
 Three Months Ended Sept. 30
 1992 1991 Change
 Net interest income -- tax-equivalent
 basis $ 293.7 $ 280.9 + 5
 Provisions for credit and real estate
 losses (including provisions for assets
 held for accelerated disposition) 780.4 145.0 -
 Noninterest income 384.8 312.3 + 23
 Noninterest expense (excluding provisions
 for other real estate) 473.8 405.3 + 17
 Net income (loss) (365.1) 24.6 -
 Earnings (loss) per common and common-
 equivalent share (4.65) 0.19 -
 Average number of common and common-
 equivalent shares 80.9 70.5 + 15
 Average balances
 Loans (including loans held for
 accelerated disposition) 24,019 26,534 - 9
 Earning assets 46,932 43,563 + 8
 Total assets 55,036 51,416 + 7
 Common equity 2,950 2,438 + 21
 Stockholders' equity 3,519 3,007 + 17
 Net interest margin 2.49 2.56 - 3
 Return on assets (2.64) 0.19 -
 Return on common stockholders' equity (50.7) 2.2 -
 Nine Months Ended Sept. 30
 1992 1991 Change
 Net interest income--tax-equivalent basis $ 890.8 $ 847.4 + 5
 Provisions for credit and real estate
 losses (including provisions for assets
 held for accelerated disposition) 1,025.4 364.3 -
 Noninterest income 1,052.2 888.3 + 18
 Noninterest expense (excluding provisions
 for other real estate) 1,280.0 1,147.8 + 12
 Income (loss) before cumulative effect
 of change in accounting principle (236.6) 131.4 -
 Cumulative effect of change in
 accounting principle-- valuation of
 venture capital investment securities 220.7 - -
 Net income (loss) (15.9) 131.4 -
 Earnings per common and common-
 equivalent share
 Income (loss) before cumulative effect
 of change in accounting principle (3.61) 1.55 -
 Cumulative effect of change in
 accounting principle-- valuation of
 venture capital investment securities 2.96 - -
 NET INCOME (LOSS) (0.65) 1.55 -
 Average number of common and common-
 equivalent shares 74.7 67.3 + 11
 Average balances
 Loans (including loans held for
 accelerated disposition) 24,928 27,603 - 10
 Earning assets 46,390 44,449 + 4
 Total assets 54,333 52,632 + 3
 Common equity 2,791 2,425 + 15
 Stockholders' equity 3,360 2,911 + 15
 Net interest margin 2.57 2.55 + 1
 Return on assets (0.04) 0.33 -
 Return on common stockholders' equity (2.3) 5.7 -
 At September 30 1992 1991 Change
 Total assets $49,284 $49,222 -
 Total deposits 30,567 32,694 - 7
 Loans (including loans held for
 accelerated disposition) 22,764 26,101 - 13
 Common stockholders' equity 2,622 2,440 + 7
 Stockholders' equity 3,191 3,009 + 6
 -0- 10/15/92 R
 /FIRST AND FINAL ADD TO FOLLOW/
 (FNB) CO: First Chicago Corp. ST: Illinois IN: FIN SU: ERN


TS -- NY011R -- 0418 10/15/92 12:19 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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