First Interstate Bancorp reported 1994 earnings of $733.5 million - flat from the previous year - amid double-digit loan growth and a 23-basis- point expansion in the net interest margin.

The Los Angeles-based regional said Monday its results were actually a 31% improvement over 1993 full-year earnings before extraordinary items and accounting changes. The bank reported $561.4 million in net income a year ago, but that increased to $736 million because of a FASB accounting change. The bank also took an $87.6 million after-tax restructuring charge in 1994.

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