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NBD BANCORP REPORTS RECORD EARNINGS

 NBD BANCORP REPORTS RECORD EARNINGS
 DETROIT, July 14 /PRNewswire/ -- NBD Bancorp, Inc. (NYSE: NBD) today


reported a 12 percent increase in earnings for both the quarter and the six months ended June 30, 1992.
 Net Income for the quarter totaled $82,715,000, or $.70 per share ($.67 fully diluted), compared with $73,829,000, or $.63 per share ($.61 fully diluted), in the second quarter of 1991. Net Income for the six months was $161,275,000, or $1.36 per share ($1.31 fully diluted), versus $143,463,000, or $1.22 per share ($1.19 fully diluted). Earnings for both the quarter and the six months set new highs for the Corporation.
 Per share amounts for 1991 have been adjusted for 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 second quarter of 1992 was up nearly 14 percent, or $34.0 million, from a year earlier. The increase reflects 10 percent growth in earning assets and expansion of net interest margin to 4.26 percent from 4.16 percent. Revenue from Non-Interest Income sources was up 13 percent, or $10.4 million. The increases in income were partially offset by a larger Provision for Possible Credit Losses and 10 percent, or $21.8 million, growth in Non-Interest Expenses.
 For the six months ended June 30, Net Interest Income in 1992 grew at a rate of 12 percent, or $61.7 million, while non-interest sources of income increased 15 percent, or $24.1 million, from the 1991 level. The increase in Net Interest Income reflects 9 percent growth in earning assets and net interest margin of 4.21 percent in 1992 versus 4.14 percent in 1991. Income growth for the six months was also partially offset by a higher Provision for Possible Credit Losses and a 10 percent, or $43.2 million, increase in Non-Interest Expenses.
 The Provision for Possible Credit Losses in the second quarter of 1992 was $25.6 million compared with $20.1 million a year earlier. Net loan charge-offs in the current quarter totaled $23.3 million, or 0.49 percent (annualized) of average loan and lease balances, versus $13.4 million, or 0.31 percent in second quarter of 1991. The Provision for the six months ended June 30 was $47.4 million in 1992 and $39.6 million in 1991. Net loan charge-offs in the comparable periods were $43.1 million, or 0.46 percent of average loan and lease balances, and $30.4 million, or 0.35 percent.
 The Allowance for Possible Credit Losses at June 30, 1992, was $280.2 million, or 1.48 percent of total loans and leases. The Allowance was $277.8 million, or 1.47 percent, at March 31, 1992, and $261.3 million, or 1.53 percent, at June 30, 1991. The Allowance at June 30, 1992, was equal to 97 percent of nonperforming loans and leases versus 101 percent at March 31, 1992, and 121 percent at June 30, 1991.
 Nonperforming loans and leases at June 30, 1992, totaled $287.4 million, or 1.52 percent of period-end loans and leases. Comparable amounts were $275.8 million, or 1.46 percent, at March 31, 1992, and $215.9 million, or 1.27 percent, at June 30, 1991. Other real estate and property acquired in connection with loan work-outs and foreclosures totaled $35.1 million at June 30, 1992, $22.0 million at March 31, 1992, and $17.7 million at June 30, 1991. Nonperforming balances shown above 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 total assets at June 30, 1992, were $31.1 billion compared with $28.8 billion at June 30, 1991. Total loans and leases outstanding increased $1.9 billion to $18.9 billion while deposits increased $905 million to $23.3 billion at June 30, 1992. Shareholders' Equity at June 30, 1992, was $2.2 billion, up $201 million, or 10 percent, in the past twelve months. The risk-based core capital ratio was 8.24 percent and the total capital ratio was 11.56 percent at June 30, 1992.
 Period-to-period changes reflect the acquisition on Jan. 23, 1992, of the $1.5 billion Gainer Corporation. The acquisition was accounted for as a purchase.
 Data for 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, which required restatement of previously reported data to include accounts and operations of FNW.
 On July 1, 1992, NBD completed the previously announced merger with the $2.6 billion Summcorp of Fort Wayne, Ind. The merger, which will be accounted for as a pooling-of-interests, required issuance of approximately 11.9 million shares of NBD common stock. On March 18, 1992, NBD anno The affiliation is subject to approval of both NBD and INB shareholders and regulatory agencies.
 NBD BANCORP, INC.
 Financial Highlights
 Quarter Ended June 30
 Pct.
 1992 1991 Change
 Net Income(in thousands).......$ 82,715 $ 73,829 12.0
 Per Share:
 Net Income -Primary...........$ 0.70 $ 0.63 11.1
 -Fully Diluted.....$ 0.67 $ 0.61 9.8
 Cash Dividends Paid..........$ 0.25 $ 0.23 8.7
 Book Value...................$ 19.06 $ 17.40 9.5
 Return on Average Common
 Shareholders' Equity (pct)... 14.70 14.49
 Return on Average Assets (pct). 1.07 1.04
 Net Interest Margin (pct)...... 4.26 4.16
 Six Months Ended June 30
 Pct.
 1992 1991 Change
 Net Income(in thousands).......$ 161,275 $ 143,463 12.4
 Per Share:
 Net Income -Primary...........$ 1.36 $ 1.22 11.5
 -Fully Diluted.....$ 1.31 $ 1.19 10.1
 Cash Dividends Paid..........$ .50 $ 0.47 6.4
 Book Value...................$ 19.06 $ 17.40 9.5
 Return on Average Common
 Shareholders' Equity (pct)... 14.37 14.25
 Return on Average Assets (pct). 1.05 1.02
 Net Interest Margin (pct)...... 4.21 4.14
 Balance Sheet Data:
 June 30
 Pct.
 1992 1991 Change
 (in thousands)
 Total Assets...................$31,091,179 $28,803,273 7.9
 Total Earning Assets...........$28,696,190 $26,060,370 10.1
 Total Loans and Leases.........$18,899,475 $17,029,031 11.0
 Total Deposits.................$23,301,657 $22,396,281 4.0
 Total Common Shareholders'
 Equity.......................$ 2,247,228 $ 2,046,292 9.8
 Risk-Based Capital Ratios:
 Core Capital.................$ 1,961,506 $ 1,775,457
 Ratio (pct)................ 8.24 8.12
 Total Capital................$ 2,749,921 $ 2,355,230
 Ratio (pct)................ 11.56 10.77
 Leverage Ratio (pct)........... 6.37 6.22
 NBD Bancorp Common Stock:
 Quarter Ended
 6-30-92 3-31-92 12-31-91 9-30-91 6-30-91
 Market Value:
 End of Period....... $28 5/8 $28 3/4 $29 3/4 $28 1/4 $23 1/8
 High................ $29 5/8 $31 5/8 $30 1/8 $29 $27
 Low................. $26 3/4 $28 1/8 $26 1/8 $23 1/4 $22 3/4
 (a)Price/Earnings
 Ratio (pct)..... 11.2 11.5 12.2 11.8 9.6
 (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 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- 7/14/92
 /NOTE: ILLINOIS EDITORS - NBD Bancorp is the parent company of 18 Metropolitan Chicago Banks with total assets of over $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., NBD Gainer Bank of Merrillville, Ind., and Summcorp of Fort Wayne, Ind. NBD has 109 offices in Indiana and $4.8 billion in assets. NBD also has a pending merger agreement with INB Financial Corporation, a $6.6 billion bank holding company based in Indianapolis, Ind. FLORIDA EDITORS - NBD Bancorp is the parent company of NBD Trust Company of Florida with offices in North Palm Beach, Sarasota, Boca Raton and Naples, and NBD Bank FSB with offices in Venice, Sarasota, North Palm Beach and Boca Raton.
 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-JG -- DE021 -- 9099 07/14/92 12:27 EDT
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