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FIRSTFED BANCSHARES, INC. ANNOUNCES SECOND QUARTER EARNINGS

 DES PLAINES, Ill., July 9 /PRNewswire/ -- FirstFed Bancshares, Inc. (NASDAQ: FFDP), the holding company for First Federal Bank for Savings, Des Plaines, announced today net income for the second quarter ended June 30, 1993, was $1,357,000 an increase of $582,000 over second quarter 1992 earnings of $775,000. This represents an increase of 75.1 percent. Earnings for the six-month period ended June 30, 1993, was $2,644,000, an increase of $911,000 over the six months ended in June 30, 1992, earnings of $1,733,000. This represents a 52.6 percent increase.
 Earnings per share for the second quarter, 1993 were $.44 and for the six-month period ended June 30, 1992, $.83, fully diluted. The total shares of common stock outstanding as of June 30, 1993, were 2,919,616 shares.
 Net interest income after the provision for loan losses for the three-month period ended June 30, 1993, was $3,825,000 compared to $2,865,000 for the three-month period ended June 30, 1992. For the six- month period ended June 30, 1993, net interest income after the provision for loan losses was $7,489,000 compared to $5,823,000 for the six-month period ended June 30, 1992.
 First Federal Bank for Savings is a federal chartered stock savings institution that offers traditional deposit and mortgage loan products from its office located at 749 Lee St., Des Plaines, Ill.
 -0- 7/9/93
 /CONTACT: Larry G. Gillie, executive vice president of FirstFed, 708-294-6500/
 (FFDP)


CO: FirstFed Bancshares, Inc. ST: Illinois IN: FIN SU: ERN

CK -- NY027 -- 9863 07/09/93 11:10 EDT
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Publication:PR Newswire
Date:Jul 9, 1993
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