SALT LAKE CITY - First Security Corp. reported 1994 profits Wednesday of $140.1 million, a 22.9% surge from the $114.1 million earned in 1993.

The $12 billion-asset bank also reported a 66% jump in fourth-quarter net income to $35 million. Fourth-quarter earnings in 1993 were depressed because of an $11.1 million restructuring charge associated with First Security's purchase of First National Financial Corp. of New Mexico.

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