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UNITED FINANCIAL BANKING COMPANIES REPORTS FIRST QUARTER RESULTS FOR 1992

 UNITED FINANCIAL BANKING COMPANIES
 REPORTS FIRST QUARTER RESULTS FOR 1992
 VIENNA, Va., May 20 /PRNewswire/ -- United Financial Banking Companies, Inc. (UFBC), reported a net loss of $357,872 for the first quarter ending March 31, 1992. This compares with a loss of $104,209 for March 31, 1991. Earnings per share were (36 cents) for the three months ending March 31, 1992, compared to (10 cents) for the comparable period in 1991.
 United Financial Banking Companies, Inc., continues to be affected by the area's economy as it labors to free itself from recession. The local real estate market improved minimally, yet the previous market's influence remains.
 UFBC continues to maintain a strong capital position. The company surpassed risk-based capital requirements. For the period ending March 31, 1992, Tier 1 and Tier 2 capital were 19.37 percent and 22.37 percent, respectively. The leverage ratio was 14 percent.
 UNITED FINANCIAL BANKING COMPANIES, INC., AND SUBSIDIARIES
 Selected Accounts
 Dec. 31, 1992 Dec. 31, 1991
 Total Assets $80,862,133 $73,271,592
 Total Liabilities 71,084,315 63,135,902
 Total Stockholders'
 Equity 9,777,818 10,135,690
 Three Months Ended
 March 31,
 1992 1991
 Total Interest Income $ 827,577 $ 964,745
 Net Interest Income 433,810 550,802
 Provision for Loan Losses 182,000 0
 Total Other Income 343,592 328,007
 Total Other Expenses 1,132,574 1,029,118
 Net Income (357,872) (104,209)
 Earnings Per Share (0.36) (0.10)
 -0- 5/20/92
 /CONTACT: Ralph E. Jewell of United Financial Banking Companies, 202-898-0676/ CO: United Financial Banking Companies, Inc. ST: Virginia IN: FIN SU: ERN


MH -- DC034 -- 2490 05/20/92 16:49 EDT
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Publication:PR Newswire
Date:May 20, 1992
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