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NBD BANCORP REPORTS HIGHER EARNINGS

 NBD BANCORP REPORTS HIGHER EARNINGS
 DETROIT, Jan. 17 /PRNewswire/ -- NBD Bancorp, Inc. (NYSE: NBD)


today reported a 6 percent increase in earnings for the quarter ended Dec. 31, 1991. Net Income totaled a record $77,454,000, or $.66 per share ($.65 per share fully diluted), as compared with $72,891,000, or $.62 per share ($.61 fully diluted), in the fourth quarter of 1990. Net Income for the year ended Dec. 31, 1991, also set a record of $292,957,000, or $2.49 per share ($2.43 per share fully diluted), as compared with $288,843,000, or $2.45 per share ($2.42 per share fully diluted) in 1990.
 Data for 1990 and 1991 have been restated to reflect the merger with FNW Bancorp, Inc. on Oct. 1, 1991. The merger was accounted for as a pooling-of-interests requiring restatement of all previously reported data to include the accounts and operations of FNW.
 Per share amounts have been adjusted to reflect the three-for-two stock split distributed on Jan. 6, 1992, to shareholders of record Dec. 27, 1991.
 Chairman and President Charles T. Fisher III said Net Interest Income in the fourth quarter benefited from a 5 percent increase in earning assets and interest margin of 4.20 percent compared to 4.19 percent in the fourth quarter of 1990. The improvement in Net Interest Income and a 21 percent increase in non-interest sources of revenue was partially offset by an increase in the Provision for Possible Credit Losses and higher Non-Interest Expenses.
 For the full year 1991, Net Interest Income was higher, attributable to a 5 percent growth in earning assets and interest margin of 4.17 percent versus 4.10 percent in 1990, and Non-Interest Income was up 17 percent year-to-year. Largely offsetting the increase in net revenue was a higher Provision For Possible Credit Losses and an increase in Non-Interest Expenses including a 90 percent increase in FDIC insurance assessments.
 The Provision For Possible Credit Losses was $31.7 million in the current quarter versus $23.5 million in the fourth quarter of 1990. Net loan charge-offs in the current quarter totaled $31.5 million, or 0.72 percent (annualized) of average loan and lease balances, as compared with $21.9 million, or 0.52 percent (annualized) in the comparable quarter of 1990.
 For the year ended Dec. 31, 1991, the Provision For Possible Credit Losses was $95.8 million versus $70.7 million in 1990. Net loan charge- offs for all of 1991 were $84.3 million, or 0.49 percent of average loans and leases. Comparable amounts for 1990 were $64.1 million and 0.39 percent.
 The Allowance For Possible Credit Losses at Dec. 31, 1991, was $263.7 million, or 1.49 percent of total loans and leases. The allowance one year earlier was $251.8 million and 1.47 percent. The year-end 1991 allowance was equivalent to 98 percent of nonperforming loans and leases as compared with 135 percent at Dec. 31, 1990.
 Nonperforming loans and leases declined during the quarter to $270.5 million, or 1.53 percent of total loans and leases at Dec. 31, 1991. Nonperforming loans and leases were $278.3 million at Sept. 30, 1991, and $187.2 million at Dec. 31, 1990, and were 1.59 percent and 1.09 percent, respectively, of total loans and leases. In addition to nonperforming loans, other real estate and property acquired in connection with loan work-outs totaled $20.7 million at Dec. 31, 1991, $21.1 million at Sept. 30, 1991, and $13.6 million at Dec. 31, 1990. Nonperforming loan balances in each period exclude $88.9 million of below-market-rate United Mexican States obligations secured by zero coupon U.S. Treasury Securities with comparable maturities.
 NBD Bancorp, Inc. total assets were $29.5 billion at Dec. 31, 1991, as compared with $28.1 billion at Dec. 31, 1990. Total loans and leases outstanding increased $604 million to $17.7 billion from $17.1 billion one year earlier. Deposit balances declined $238 million in the past year to $22.2 billion at Dec. 31, 1991. Shareholders' Equity at Dec. 31, 1991, was $2.1 billion, up $135 million, or 7 percent, in the past 12 months. The risk-based core capital ratio was 8.14 percent and the total capital ratio was 10.71 percent at Dec. 31, 1991.
 Period-to-period changes reflect acquisitions from the Resolution Trust Corporation (RTC) of deposits and selected assets of the $160 million deposit New Guaranty Federal Savings and Loan Association of Taylor, Mich., on April 30, 1990, the $55 million deposit First Venice Savings and Loan Association of Venice, Florida, on June 4, 1990, and the $873 million deposit Mid-America Federal Savings and Loan Association of Columbus, Ohio, on Dec. 17, 1990. On Oct. 1, 1991, both the merger with the $1.4 billion asset FNW Bancorp of Mount Prospect, Illinois, and the acquisition of First Fidelity Trust, N.A. of Boca Raton, Florida, which has aggregate trust assets under management of $84 million, were completed.
 On Dec. 17, 1991, the shareholders of the $1.5 billion Gainer Corporation of Merrillville, Ind., approved an agreement to affiliate with NBD Bancorp, Inc. The affiliation is subject to approval of regulatory agencies.
 On Dec. 20, 1991, NBD Bancorp, Inc. announced execution of a definitive agreement to affiliate with the $2.5 billion Summcorp of Fort Wayne, Ind. The affiliation is subject to approval of Summcorp shareholders and regulatory agencies.
 NBD BANCORP, INC.
 Financial Highlights
 Quarter Ended December 31
 Pct.
 1991 1990 Change
 Net Income(in thousands).......$ 77,454 $ 72,891 6.3 pct
 Per Share:
 Net Income -Primary...........$ 0.66 $ 0.62 6.5 pct
 -Fully Diluted.....$ 0.65 $ 0.61 6.6 pct
 Cash Dividends Paid..........$ 0.23 $ 0.23 - pct
 Book Value...................$ 18.03 $ 16.66 8.2 pct
 Return on Average Common
 Shareholders' Equity......... 14.81 pct 15.02 pct
 Return on Average Assets....... 1.07 pct 1.05 pct
 Net Interest Margin............ 4.20 pct 4.19 pct
 Year Ended December 31
 Pct.
 1991 1990 Change
 Net Income(in thousands).......$292,957 $288,843 1.4 pct
 Per Share:
 Net Income -Primary...........$ 2.49 $ 2.45 1.6 pct
 -Fully Diluted.....$ 2.43 $ 2.42 0.4 pct
 Cash Dividends Paid..........$ 0.93 $ 0.89 4.5 pct
 Book Value...................$ 18.03 $ 16.66 8.2 pct
 Return on Average Common
 Shareholders' Equity......... 14.34 pct 15.41 pct
 Return on Average Assets....... 1.03 pct 1.06 pct
 Net Interest Margin............ 4.17 pct 4.10 pct
 Balance Sheet Data:
 (in thousands)
 December 31
 Pct.
 1991 1990 Change
 Total Assets...................$29,513,459 $28,079,532 5.1 pct
 Total Earning Assets...........$26,993,186 $25,564,851 5.6 pct
 Total Loans and Leases.........$17,721,166 $17,116,869 3.5 pct
 Total Deposits.................$22,192,615 $22,431,102 (1.1)pct
 Total Common Shareholders'
 Equity.......................$ 2,089,478 $ 1,954,662 6.9 pct
 Risk-Based Capital Ratios:
 Core Capital.................$ 1,822,740 $ 1,672,297
 Ratio...................... 8.14 pct 7.87 pct
 Total Capital................$ 2,399,887 $ 2,052,672
 Ratio...................... 10.71 pct 9.66 pct
 Leverage Ratio................. 6.24 pct 6.02 pct
 NBD Bancorp Common Stock:
 Quarter Ended
 12-31-91 9-30-91 6-30-91 3-31-91 12-31-90
 Market Value:
 End of Period..........$29 3/4 $28 1/4 $23 1/8 $26 3/8 $22
 High...................$30 1/8 $29 $27 $26 7/8 $22 5/8
 Low....................$26 1/8 $23 1/4 $22 3/4 $20 3/4 $17 1/2
 (a) Price/Earnings
 Ratio.............. 12.2 11.8 9.6 10.9 9.1
 (a) Based on most recent 12-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 Oct. 1, 1991, merger with FNW Bancorp which was accounted as a pooling-of-interests and the three-for-two stock split for which the shareholders record date was Dec. 27, 1991.
 -0- 1/17/92
 /NOTE: ILLINOIS EDITORS -- NBD Bancorp is the parent company of 20 Metropolitan Chicago Banks with total assets of $5 billion. OHIO EDITORS -- NBD Bancorp is the parent company of NBD Bank with 21 branches in Columbus and Dayton, Ohio. INDIANA EDITORS -- NBD Bancorp is the parent company of Midwest Commerce Banking Company of Elkhart, Ind. FLORIDA EDITORS -- NBD Bancorp is the parent company of NBD Trust Company of Florida in North Palm Beach, Sarasota and Naples, and NBD FSB in Venice.
 CONTACT: Richard Johnson, 313-225-2591, or Renee Ahee, 313-225-2596, both of NBD/
 (NBD) CO: NBD Bancorp, Inc. ST: Michigan IN: FIN SU: ERN


SB-ML -- DE005 -- 0880 01/17/92 09:40 EST
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