Mercantile Bankshares

BY THE NUMBERS vpB

January 15, 1992

Earnings for this Baltimore-based banking company, the parent of Mercantile-Safe Deposit and Trust Co., increased slightly in both the fourth quarter and the full year despite a rise in problem loans that held down earnings growth.

With its conservative management and fees from its large trust operation, Mercantile has weathered the downturn in banking and continues to consistently post higher earnings.

But, according to Mercantile President Edward K. Dunn, the troubled economy has affected the $5 billion banking company.

"We do feel those things, we are not immune," Mr. Dunn said. "We continue to have, by our standards, a higher than normal level of non-performing loans."

Three months ended 12/31/91

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

'91.... .. 17,496,000 .....0.58

'90.... .. 16,891,000 .....0.57

% change.... .... +3.6 ..... +1.8

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

'91... ... 5,082,700,000... 4,166,700,000

'90... ... 4,700,300,000... 3,827,200,000

% change..... ...... +8.1....... ..... +8.9

Twelve months ended 12/31/91

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

'91.... .. 70,562,000 .....2.34

'90.... .. 68,865,000 .....2.32

% change.... .....+2.5 ......+0.8

Loan portfolio

Three months ended 12/31/91

...... ......Loans outstanding...... Net charge-offs

'91...... .... 3,374,937,000.......... 3,050,000

'90...... .... 3,312,810,000.......... 2,543,000

% change ....... ........+1.9..... ..... ... +19.9

.... ....Addition to allowance.... .... Allowance 6 6TC .... ....for loan losses....... ....... for loan losses

'91..... 5,656,000...... ..... ....... 65,932,000

'90..... 6,430,000...... ..... ....... 54,471,000

% change......-12.0 ..... ..... ....... ......+21.0

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.