FLINT, Mich. - Citizens Banking Corp. earned $8.2 million in the fourth quarter, up 14.6% from a year earlier. Earnings per share were 56 cents, compared with 49 cents the previous year.

The $2.7 billion-asset company's net income for 1994 was $29.4 million, or $2.03 per fully diluted share, up from $25.7 million, or $1.87 per share, in 1993.

The increase in net income reflects increases in net interest income and noninterest income and a reduction in the provision for loan losses that were offset in part by higher noninterest expense, the company said.

Return on assets for 1994 was 1.09%, up from 1.02% a year ago. Return on equity was 11.46%, up from 11.15%

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