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Article: NBD Bancorp, Inc. reports net income for six months ended June 30, 1986.
- Article from:
- PR Newswire
- Article date:
- July 14, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DETROIT, July 14 /PRNewswire/ -- NBD Bancorp, Inc. (NYSE: NBD), Michigan's largest bank holding company, reported a 30-percent increase in net income for the six months ended June 30, vs. the comparable six months of 1985.
Net income amounted to $72,852,000 or the equivalent of $3 per share ($2.81 fully diluted). Net income one year earlier was $56,136,000 or $2.29 per share ($2.28 fully diluted).
For the quarter ended June 30, net income rose 23 percent to $36,952,000, or $1.53 per share ($1.43 fully diluted), compared with $30,043,000, or $1.19 per share ($1.18 fully diluted) in the corresponding quarter of 1985.
Chairman and President ...
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