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NBD BANCORP REPORTS FOURTH-QUARTER AND YEAR-END RESULTS

 DETROIT, Jan. 18 /PRNewswire/ -- NBD Bancorp, Inc. (NYSE: NBD) today reported a 20-percent increase in earnings for the quarter ended Dec. 31, 1992. Net Income totaled a record $111,817,000, or $.70 per share ($.68 fully diluted), compared with $93,198,000, or $.59 per share ($.58 fully diluted), for the fourth quarter of 1991.
 Net Income for the year ended Dec. 31, 1992, was $300,134,000, or $1.87 per share ($1.84 fully diluted). Results for the year are after a one-time deduction from income of $37,885,000 (after-tax), or $.24 per share ($.22 fully diluted), related to the adoption of Financial Accounting Standard 106, Employers' Accounting for Postretirement Benefits Other Than Pensions. The Corporation elected immediate recognition of the entire Jan. 1, 1992, accumulated postretirement benefit obligation. Net Income before the accounting change was $338,019,000, or $2.11 per share ($2.06 fully diluted), compared with $361,534,000, or $2.27 per share ($2.23 fully diluted), for the year ended Dec. 31, 1991. Net Income for 1992 is also after merger-related charges of $130,399,000 ($85,322,000 after-tax), or $.53 per share ($.51 fully diluted), taken in connection with the July 1, 1992, merger with Summcorp of Fort Wayne, Ind., and the Oct. 15, 1992, merger with INB Financial Corporation of Indianapolis.
 Chairman and President Charles T. Fisher III, said Net Interest Income for the quarter was up 14 percent, or $49.1 million, from the fourth quarter of 1991. The increase reflects 7 percent growth in average earning assets and an increase in net interest margin to 4.47 percent from 4.26 percent. Additionally, Non-Interest Income was up $15.5 million, or 12 percent. Service charge revenues and profit on sale of mortgages each accounted for about one-third of the increase in Non-Interest Income. Non-Interest Expenses were up $23.8 million, or 8 percent. Approximately one-half of the Non-Interest Expense increase is attributed to the purchase in January 1992 of the Gainer Corporation.
 For the year ended Dec. 31, 1992, Net Interest Income grew at a rate of 13 percent, or $171.6 million, reflecting 7 percent growth in average earning assets and an increase in interest margin to 4.39 percent from 4.22 percent in 1991. Non-Interest Income was up $56.2 million, or 12 percent. Trust fees, service charge revenue, mortgage servicing revenue and profit on sale of mortgages account for much of the year-to- year increase in Non-Interest Income. Non-Interest Expenses were up $177 million, or 15 percent. Excluding $76 million of merger-related expenses taken in connection with the merger with Summcorp and INB Financial and expenses of the Gainer Corporation, the rate of growth in Non-Interest Expenses in 1992 would have been 4.4 percent.
 The Provision for Possible Credit Losses in the fourth quarter was $57.2 million and net loan charge-offs were $51.5 million, or 0.82 percent (annualized) of average loan and lease balances. In the fourth quarter of 1991, the Provision was $52.3 million and net charge- offs were $52.7 million, or 0.89 percent of balances.
 The Provision for the year ended Dec. 31, 1992, was $228.5 million (which included merger-related provisions of $51.4 million) and net loan charge-offs were $199.7 million, or 0.81 percent of average loan and lease balances. In 1991, the full year Provision was $166.2 million and net charge-offs were $150.8 million, or 0.65 percent of average loan and lease balances.
 The Allowance For Possible Credit Losses at Dec. 31, 1992, was $417.8 million, or 1.66 percent of total loans and leases. The Allowance was $412.5 million, or 1.64 percent, at Sept. 30, 1992, and $377.6 million, or 1.59 percent, at Dec. 31, 1991.
 Nonperforming loans and leases at Dec. 31, 1992, totaled $352.2 million, or 1.40 percent of period-end loans and leases. Comparable amounts were $397.7 million, or 1.58 percent, at Sept. 30, 1992, and $390.4 million, or 1.64 percent, at Dec. 31, 1991. Other real estate and property acquired in connection with loan work-outs and foreclosures, valued at the lower of cost or fair value, totaled $58.1 million at year-end 1992, $64.8 million at Sept. 30, 1992, and $59.9 million at Dec. 31, 1991. Nonperforming loan balances exclude $88.9 million of below-market-rate United Mexican States Obligation secured by zero coupon U.S. Treasury Securities with comparable maturities.
 NBD Bancorp total assets at Dec. 31, 1992, were $40.9 billion compared with $38.8 billion at Dec. 31, 1991. In the past 12 months total loans and leases increased $1.4 billion to $25.1 billion and deposits increased $1.5 billion to $31.0 billion. Shareholders' Equity at Dec. 31, 1992, was $2.9 billion, up $225 million, or 8 percent, in the past 12 months. The Tier 1 capital ratio was 8.48 percent, total capital was 12.01 percent and the leverage ratio was 6.46 percent at Dec. 31, 1992.
 Financial data have been restated for the mergers with Summcorp and INB Financial, both of which were accounted for as a pooling of interests; and 1991 per share amounts have been adjusted for the three- for-two stock split distributed on Jan. 6, 1992, to shareholders of record Dec. 27, 1991. Period-to-period changes include the purchase on Jan. 23, 1992, of the $1.5 billion Gainer Corporation. Additionally, data for 1991 have been restated to reflect the merger with FNW Bancorp, Inc. on Oct. 1, 1991.
 NBD Bancorp, Inc.
 Financial Highlights
 Quarter Ended December 31
 Pct.
 1992 1991 Change
 Net Income Before Cumulative
 Effect of a Change in
 Accounting Principle......... $111,817 $93,198 20.0
 Cumulative Effect of a Change
 in Accounting Principle (FAS
 No. 106)..................... - - -
 Net Income(in thousands)....... $111,817 $93,198 20.0
 Per Share:
 Primary (Before FAS No. 106). $0.70 $0.59 18.6
 Primary (After FAS No. 106).. $0.70 $0.59 18.6
 Fully Diluted (Before FAS
 No. 106)................... $0.68 $0.58 17.2
 Fully Diluted (After FAS
 No. 106)................... $0.68 $0.58 17.2
 Cash Dividends Paid.......... $0.27 $0.23 17.4
 Book Value................... $18.34 $17.26 6.3
 Return on Average Common
 Shareholders' Equity:
 Before FAS No. 106....(pct) 15.21 13.72
 After FAS No. 106.....(pct) 15.41 13.72
 Return on Average Assets:
 Before FAS No. 106....(pct) 1.11 0.99
 After FAS No. 106....(pct) 1.11 0.99
 Net Interest Margin.......(pct) 4.47 4.26
 Year Ended December 31
 Pct.
 1992 1991 Change
 Net Income Before Cumulative
 Effect of a Change in
 Accounting Principle......... $338,019 $361,534 (6.5)
 Cumulative Effect of a Change
 in Accounting Principle (FAS
 No. 106)..................... (37,885) - -
 Net Income(in thousands)....... $300,134 $361,534 (17.0)
 Per Share:
 Primary (Before FAS No. 106) $2.11 $2.27 (7.0)
 Primary (After FAS No. 106) $1.87 $2.27 (17.6)
 Fully Diluted (Before FAS
 No. 106).................. $2.06 $2.23 (7.6)
 Fully Diluted (After FAS
 No. 106)................... $1.84 $2.23 (17.5)
 Cash Dividends Paid.......... $1.02 $0.93 9.7
 Book Value................... $18.34 $17.26 6.3
 Return on Average Common
 Shareholders' Equity:
 Before FAS No. 106...(pct) 11.60 13.59
 After FAS No. 106....(pct) 10.44 13.59
 Return on Average Assets:
 Before FAS No. 106...(pct) 0.85 0.97
 After FAS No. 106....(pct) 0.76 0.97
 Net Interest Margin.......(pct) 4.39 4.22
 Balance Sheet Data:
 December 31
 Pct.
 1992 1991 Change
 (in thousands)
 Total Assets.............. $40,937,190 $38,760,388 5.6
 Total Earning Assets...... $37,067,983 $35,203,654 5.3
 Total Loans and Leases.... $25,143,686 $23,773,611 5.8
 Total Deposits............ $31,000,751 $29,502,013 5.1
 Total Common Shareholders'
 Equity.................. $ 2,940,893 $ 2,716,137 8.3
 Risk-Based Capital Ratios:
 Tier I Capital.......... $ 2,625,101 $ 2,399,638
 Ratio............(pct) 8.48 8.19
 Total Capital........... $ 3,718,163 $ 3,129,120
 Ratio............(pct) 12.01 10.68
 Leverage Ratio...(pct) 6.46 6.24
 NBD Bancorp Common Stock:
 Quarter Ended
 12-31-92 9-30-92 6-30-92 3-31-92 12-31-91
 Market Value:
 End of Period...$32 3/4 $29 3/8 $28 5/8 $28 3/4 $29 3/4
 High............$33 1/8 $30 1/2 $29 5/8 $31 5/8 $30 1/8
 Low.............$27 $28 1/4 $26 3/4 $28 1/8 $26 1/8
 (a) Price/Earnings
 Ratio....... 17.8 16.9 14.0 14.0 13.3
 (a) Based on most recent twelve-month Net Income per share
 (fully diluted) and end-of-period stock prices.
 All of the above data have been restated for the effects of the October 1, 1991, merger with FNW Bancorp, the July 1, 1992, merger with Summcorp and the October 15, 1992, merger with INB Financial Corporation, each of which were accounted for as a pooling-of-interests and NBD Bancorp's three-for-two stock split for which the shareholders' record date was December 27, 1991. Net Income for 1992 is after merger- related charges of $85.3 million (after-tax) recorded in connection with the 1992 mergers.
 -0- 1/18/93
 /NOTE: ILLINOIS EDITORS - NBD Bancorp is the parent company of two Metropolitan Chicago banks with total assets of over $5 billion. OHIO EDITORS - NBD Bancorp is the parent company of NBD Bank with 23 branches in Columbus and Dayton, Ohio. INDIANA EDITORS - NBD Bancorp is the parent company of Midwest Commerce Banking Company of Elkhart, Ind., NBD Bank, N.A. of Merrillville, Ind., Summcorp of Fort Wayne, Ind., and INB Financial Corporation of Indianapolis, Ind. NBD has 234 offices in Indiana and $11 billion in assets. NBD Bancorp is the largest banking company in the state based on total assets. FLORIDA EDITORS - NBD Bancorp is the parent company of NBD Trust Company of Florida, N.A. with offices in North Palm Beach, Sarasota, Boca Raton and Naples, and NBD Bank, FSB with offices in Venice, Sarasota, North Palm Beach, Boca Raton and Naples.
 CONTACT: J. Richard Johnson, 313-225-2591, or M. Renee Ahee, 313-225-2596, both of NBD/
 (NBD)


CO: NBD Bancorp, Inc. ST: Michigan IN: FIN SU: ERN

ML-DH -- DE006 -- 5793 01/18/93 09:44 EST
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