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

DATE: TUESDAY, July 18, 1995                   TAG: 9507180051
SECTION: BUSINESS                    PAGE: B-5   EDITION: METRO 
SOURCE: MAG POFF STAFF WRITER
DATELINE:                                 LENGTH: Short

NATIONSBANK GAINS 7 % IN 2ND QUARTER

NationsBank Corp. on Monday reported second-quarter income of $467 million, a 7 percent increase from the $437 million it earned last year.

On a per-share basis, earnings rose 8 percent from $1.58 last year to $1.71 in the last quarter.

Chairman Hugh McColl attributed the improvement to the Charlotte, N.C.-based bank's market position in growth regions, increased loan volume and expanded fee income with only a "modest" increase in expenses.

Results in the last quarter also benefited from the company's recent repurchases of its own shares, McColl said. He called this "an attractive use of shareholder capital."

For the six months, NationsBank earned $910 million, or $3.31 a share, compared with last year's figures of $854 million, or $3.10 a share.

Average loans and leases of $108 billion in the second quarter were 17 percent greater than year-earlier levels. Average loans and leases grew $4.1 billion during the second quarter, a 16 percent annualized rate compared with the first quarter.

The loan growth led to a $28 million increase in net interest income compared with a year ago to $1.37 billion in the second quarter.

At quarter-end, NationsBank had assets of $184 billion.

by CNB