KALAMAZOO, Mich. -- First of America Bank Corp. estimated its second-quarter net income will fall about 12% shy of the 1993 level, and well below analysts' expectations.

Chief financial officer Thomas W. Lambert said the corporation expects to report net income of about 90 cents per fully diluted share for the quarter ending June 30, down from $1 a year ago.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.