BusinessOctober 20, 1997
BUSINESS MEMO: NATIONSBANK EARNINGS
NationsBank reported a 26 percent increase in net income during the third quarter, to $788 million, or $1.11 per common share. Net income for the first nine months of 1997 rose to $2.26 billion, or $8.13 per common share, compared to net income of $1.74 billion and $2.91 per share during the first nine months of 1996...
NationsBank reported a 26 percent increase in net income during the third quarter, to $788 million, or $1.11 per common share.
Net income for the first nine months of 1997 rose to $2.26 billion, or $8.13 per common share, compared to net income of $1.74 billion and $2.91 per share during the first nine months of 1996.
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Third quarter results included the benefits of several acquisitions completed in 1996 and early 1997, primarily the acquisition of Boatmen's Bancshares on Jan. 7, 1997.
NationsBank Corp., headquartered in Charlotte, N.C., is a bank holding company with banking operations in 16 states and total assets of $242 billion.
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