
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, October 18, 1994                   TAG: 9410180109
SECTION: BUSINESS                    PAGE: B-6   EDITION: METRO 
SOURCE: MAG POFF STAFF WRITER
DATELINE:                                 LENGTH: Short

NATIONSBANK EARNINGS UP IN 3RD QUARTER

NationsBank Corp. on Monday reported third-quarter income of $431 million or $1.55 a share, up 26 percent from $341 million or $1.33 a share in last year's quarter.

For the first nine months, the Charlotte, N.C.-based bank said it earned $1.3 billion or $4.66 a share. That represented an increase of 38 percent from $928 million or $3.63 a share for the same period a year ago.

Chairman Hugh McColl attributed the gains to growth in loans and fee income and to management of expenses.

In addition, McColl said, the 1994 results reflect the full impact of several acquisitions by NationsBank last year.

Loans of $95.9 billion in the third quarter were 23 percent greater than the year-earlier level. Even excluding acquisitions and last year's securing of credit card assets, the bank said, loans grew by 13 percent, driven by an 18 percent increase in consumer loans and a 10 percent increase in commercial loans.

Deposits rose from $80.4 billion to $94.7 billion, primarily because of the bank's acquisitions. Total assets at the end of the quarter were $171 billion.

by CNB