Mercantile Bankshares Corp. said yesterday that its...

BY THE NUMBERS

July 17, 1991|By Timothy J. Mullaney

Mercantile Bankshares Corp. said yesterday that its second-quarter earnings were basically flat compared with a year ago and blamed a big increase in problem loans for holding back its profit growth.

Mercantile's sluggish performance is related to two borrowers whose problems have been reported, company President Edward Dunn said. One is Columbia developer Patrick McCuan, who invested in a pair of real estate partnerships that have filed for bankruptcy court protection, and the other is Albert Gunther & Co., a Timonium-based hardware company that also filed for bankruptcy protection.

Three months ended 6/30/91

... ... ... ... Income... ... ... Share

... ... 17,701,000... ... 0.59

'90... ... ... 17,614,000... ... 0.60

% change... ... .. .. +0.5.. .. .. 1.7

.. ... ... ... Assets... ... ..Deposits

'91... 4,999,891,000.. .. 4,006,200,000

'90... 4,444,576,000.. .. 3,579,400,000

% change... ... +12.5... .... .. .. +11.9

Six months ended 6/30/91

... ... ... ...Income... ... ... Share

'91... ... 36,246,000... ... ... 1.21

'90... ... 35,427,000... ... ... 1.20

% change... ... ...+2.3... ... ... +0.8

Loyola Capital Corp.

The parent of Loyola Federal Savings and Loan said its second-quarter profit rose during the three months that ended June 30, fueled by a 28 percent jump in interest income.

The company earned $2.9 million during the quarter, or 64 cents a share. The company earned $2.7 million, or 56 cents a share, during the same period of 1990.

The company said it added $4.6 million to its reserves against non-performing assets, mostly loans that aren't being paid on time and repossessed real estate, up from $1.6 million in 1990's second quarter. Loyola's reserves now stand at $18.8 million.

Three months ended 6/30/91

... ... ... ... Income... ... ... Share

... .. 2,911,000... ... .. 0.64

'90... ... .. 2,678,000... ... .. 0.56

% change... ... ... +8.7... ... .. +14.3

.. .. .. .. ... Assets... ... ..Deposits

'91.. ... .. 2,107,387,000.. ... 1,675,679,000

'90 .. ... ..2,153,968,000.. ... 1,532,148,000

% change.. ... ... ... 2.2... ... ... .. ...+9.4

Six months ended 6/30/91

... ... ... ... ...Income... ... ... Share

... ... 5,195,000... ... ... 1.14

'89... ... ... 4,974,000... ... ... 1.03

% change... ... .... +4.4.. .. .. .. +10.6

First Maryland Bancorp

The parent company of First National Bank of Maryland said its second-quarter earnings rebounded smartly from a depressed 1990, as stabilizing credit quality let the bank get away with putting less money into its loan loss reserves than during last year's second quarter.

First Maryland doesn't report per-share earnings because its stock isn't publicly traded. It is a wholly owned subsidiary of Allied Irish Banks PLC of Dublin, Ireland.

First Maryland said it earned $20 million during the three months that ended June 30, up from $6.8 million in the same part of 1990. That brought the company's profits for the first half of the year to $30.4 million, up 18 percent from the first half of 1990.

Three months ended 6/30/91

... ... ... ... ... Income... ... ... Share

'91... ... ... ...20,034,000... ... ...N/A

'90... ... ... .. 6,793,000... ... ...N/A

% change... ... ... .. +194.9... ... ...N/A

... ... ... ... Assets... ... ... Deposits

'90... ... ... 7,642,451,000... ... 5,831,917,000

'89... ... ... 7,495,287,000... ... 5,370,013,000

% change... ... ... ... +2.0... ... ... ... ...+8.6

Six months ended 9/30/90

... ... ... ... ... Income... ... ... Share

'90... ... ... .. 30,400,000... ... ... N/A

... ... .. 25,741,000... ... ... N/A

change... ... ... ... +18.1... ... ... N/A

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