MIAMI - Intercontinental Bank earned $12.8 million for the year, compared with $11.1 million in 1993.

Last year's figure included the benefit of a $1.1 million cumulative accounting adjustment for the implementation of a new accounting standard.

Intercontinental's loans grew 23% fueling a 17% increase in net interest income. The bank's net interest margin increased to 4.86% from 4.60%, and fee income at the $1.1 billion-asset company was up 26% over the prior year.

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