Barnett Banks Inc. is telling investors that it will reap more savings from its merger with First Florida Banks Inc. than originally estimated.

At an investors conference last week, chief financial officer Charles W. Newman said Barnett will save $80 million in 1983, up from $66 million estimated at the time of the merger late last year. He also raised the estimate of 1994 savings to $100 million from $87 million.

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