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UNITED FINANCIAL BANKING COMPANIES REPORTS THIRD QUARTER RESULTS

UNITED FINANCIAL BANKING COMPANIES REPORTS THIRD QUARTER RESULTS
 VIENNA, Va., Nov. 9 /PRNewswire/ -- United Financial Banking Companies, Inc. (NASDAQ: UFBC) reported a net loss of $1,722,625 for the first three quarters of 1992 and a loss of $923,104 for the third quarter. This compares with a loss of $81,437 for the same nine- month period of 1991 and a $43,122 loss for the third quarter of 1991. Earnings per shares were ($1.71) for the nine months ending Sept. 30, 1992, compared to ($0.08) for the first nine months of 1991.
 Management continuously evaluates corporate assets on an ongoing basis in order to reflect as accurately as possible the current value. As a result, management deemed it appropriate to add to the valuation reserves for 6 real estate related assets. The other significant factor involved in the company's loss is weakening net interest margin.
 UNITED FINANCIAL BANKING COMPANIES, INC., AND SUBSIDIARIES
 Selected Items
 Sept. 30, 1992 Dec. 31, 1991
 Total Assets $70,299,936 $73,271,592
 Total Liabilities 61,886,871 63,135,902
 Total Stockholders' Equity 8,413,065 10,135,690
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Total Interest Income $639,588 $1,025,209 $2,164,609 $2,905,963
 Net Interest Income 342,803 544,594 1,173,738 1,617,680
 Provision for Loan/
 Lease Losses 106,100 90,000 433,000 90,000
 Total Other Income 378,512 493,631 1,159,934 1,370,606
 Total Other Expenses 1,700,419 1,007,019 3,987,397 3,017,348
 Net Income (loss) $(923,104) $(43,122) $(1,722,625) $(81,437)
 Earnings Per Share ($0.92) ($0.04) ($1.71) ($0.08)
 Weighted Number of
 Shares Outstanding 1,007,201 1,007,201 1,007,2001 1,007,201
 -0- 11/9/92
 /CONTACT: Ralph E. Jewell for United Financial Banking Companies, 703-734-0070/
 (UFBC) CO: United Financial Banking Companies, Inc. ST: Virginia IN: FIN SU: ERN


DC -- DC015 -- 8756 11/09/92 13:50 EST
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Date:Nov 9, 1992
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