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WILMINGTON TRUST SECOND QUARTER EARNINGS UP 8 PERCENT

 WILMINGTON, Del., July 15 /PRNewswire/ -- Wilmington Trust Corporation (NASDAQ: WILM) reported that earnings per share were a second quarter record of $.55, up 8 percent from the $.51 reported for the same quarter a year earlier.
 Income for the second quarter of 1993 reached $20.4 million, up 5 percent from the $19.4 million reported for the second quarter of 1992.
 Net interest income for the quarter reached $43.4 million, up 5 percent from the $41.2 million reported last year. The net interest margin improved to 4.79 percent, versus 4.62 percent for the second quarter a year ago. Other income for the second quarter was $28.2 million, up 7 percent from $26.2 million a year ago.
 For the first six months of 1993, earnings per share were $1.08, up 10 percent from the $.98 reported a year ago before the adjustment for FAS 106. Income for the six-month period reached $40.1 million, up 8 percent from the $37.3 million reported for the same period last year.
 On June 30, 1993, total assets amounted to $4.1 billion. The year-to-date results produced, on an annualized basis, a return on assets of 1.97 percent and return on equity of 20.88 percent, compared to 1.80 percent and 19.80 percent, respectively, reported for the first six months a year ago before the adjustment for FAS 106.
 As of June 30, 1993, total loans outstanding were $2.9 billion, total deposits were $3.2 billion and stockholders' equity reached $392.6 million.
 Wilmington Trust Company, principal subsidiary of Wilmington Trust Corporation, currently has 60 branches in Delaware, one branch in West Chester, Pa., and two trust offices in Florida. Wilmington Trust Company is the largest, full-service, independent bank chartered in Delaware.
 The Wilmington Trust Corporation Board of Directors today declared a regular quarterly dividend of $.25 a share, payable August 16, 1993 to stockholders of record on August 2, 1993.
 WILMINGTON TRUST CORPORATION AND SUBSIDIARIES
 Financial Highlights
 (in thousands, except per share)
 $ Percent
 Six months ended June 30 1993 1992 change change
 Income before cumulative
 effect of change in
 accounting principle $ 40,093 $ 37,256 $ 2,837 7.6
 Cumulative effect of
 change in accounting
 principle (net of
 income tax benefit
 of $8,296) -- (14,749) (14,749) (100.0)
 Net income 40,093 22,507 17,586 78.1
 Per Share Data:
 Income before cumulative
 effect of change in
 accounting
 principle 1.08 0.98 0.10 10.2
 Cumulative effect of
 change in accounting
 principle --- (0.39) (0.39) (100.0)
 Net income 1.08 0.59 0.49 83.1
 Average shares
 outstanding 37,261 38,102 --- ---
 Return on assets
 before cumulative effect
 of change in accounting
 principle (Pct.) 1.97 1.80 --- ---
 Return on stockholders'
 equity before cumulative
 effect of change in
 accounting principle 20.88 19.80 --- ---
 Return on Assets 1.97 1.09 --- ---
 Return on stockholders'
 equity 20.88 12.45 --- ---
 Average Stockholders'
 equity to assets 9.42 8.72 --- ---
 $ Percent
 Quarter ended June 30 1993 1992 change change
 Net income 20,386 19,416 970 5.0
 Net Income Per Share 0.55 0.51 0.04 7.8
 Average Shares
 outstanding 37,221 38,035
 As of June 30:
 Total Assets $4,146,733 $4,238,234 $(91,501) (2.2)
 Total Deposits 3,171,518 3,234,089 (62,571) (1.9)
 Total Loans 2,903,233 2,976,466 (73,233) (2.5)
 Reserve for loan
 losses 48,125 45,607 2,518 5.5
 Net Loans 2,855,108 2,930,859 (75,751) (2.6)
 Investment Securities 922,459 760,075 162,384 21.4
 Short-Term Investments 27,352 177,768 (150,416) (84.6)
 Stockholders' Equity 392,594 369,865 22,729 6.1
 Book Value Per Share 10.59 9.78
 Total Risk-Based
 Capital Ratio (pct.) 13.52 12.70
 Tier 1 Risk-Based
 Capital Ratio (pct.) 12.27 11.28
 Tier 1 Leverage Capital
 Ratio (pct.) 9.38 8.54
 /delval/
 -0- 7/15/93
 /CONTACT: Charles W. King of Wilmington Trust, 302-651-8069/
 (WILM)


CO: Wilmington Trust Company ST: Delaware IN: FIN SU: ERN

JM -- PH021 -- 1947 07/15/93 12:15 EDT
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Date:Jul 15, 1993
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