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PARKVALE FINANCIAL ANNOUNCES INCREASED EARNINGS

 PARKVALE FINANCIAL ANNOUNCES INCREASED EARNINGS
 MONROEVILLE, Pa., July 23 /PRNewswire/ -- Parkvale Financial Corp.


(NASDAQ: PVSA) today reported net income for the quarter ended June 30, 1992, of $1.2 million or 71 cents a share, up 30.0 percent compared to net income of $932,000 or 57 cents per share for the quarter ended June 30, 1991.
 The increase in net income was primarily from operations and was due to an increased net interest margin. Net interest income for the quarter ended June 30, 1992, increased to $6.2 million from $4.8 million for the quarter ended June 30, 1991.
 For the year ended June 30, 1992, Parkvale reported net income of $4.3 million or $2.51 per share, up 20.9 percent compared to $3.5 million or $2.13 per share for the year ended June 30, 1991. Net interest income for fiscal 1992 was $21.9 million, up 23.0 percent from $17.8 million for fiscal 1991.
 Parkvale Financial Corporation, a unitary savings and loan holding company, is the parent company of Parkvale Savings Bank. The bank, which operates 26 offices in the Greater Pittsburgh area, had assets of $902 million at June 30, 1992. Parkvale's capital was $40.8 million or $24.38 per share at June 30, 1992, up from $36.8 million or $22.47 per share at June 30, 1991.
 PARKVALE FINANCIAL CORP.
 Condensed Consolidated Statements of Operations
 (Dollar Amounts in Thousands, except per share data)
 Period ended Three Months Year
 June 30 1992 1991 1992 1991
 Total interest income $18,015 $17,301 $72,451 $69,632
 Total interest expense 11,857 12,540 50,524 51,810
 Net interest income 6,158 4,761 21,927 17,822
 Provision for loan losses 980 571 3,442 2,073
 Net interest income after
 provision for losses 5,178 4,190 18,485 15,749
 Gain on sale of assets 150 16 362 40
 Other income 486 450 1,970 1,819
 Total other expense 3,222 2,817 12,442 11,151
 Income before income taxes 2,592 1,839 8,375 6,457
 Income tax expense 1,380 907 4,083 2,908
 Net income 1,212 932 4,292 3,549
 Net income per share $0.71 $0.57 $2.51 $2.13
 Dividend per share $0.11 $0.10 $0.44 $0.40
 -0- 7/23/92
 /CONTACT: Robert J. McCarthy, Jr., president and CEO, 412-373-4815, or Timothy G. Rubritz, chief financial officer, 412-373-4817, both of Parkvale Financial/
 (PVSA) CO: Parkvale Financial Corp. ST: Pennsylvania IN: FIN SU: ERN


PT-XX -- PG008 -- 2385 07/23/92 10:20 EDT
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Date:Jul 23, 1992
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