Exhibit 99
NEWS RELEASE
Date: April 19, 2000
AMCORE FINANCIAL, INC. REPORTS A 14.3 PERCENT INCREASE
IN EARNINGS PER SHARE FOR 1ST QUARTER 2000
RETURN ON EQUITY TOPS 15 PERCENT
ROCKFORD, IL -- AMCORE Financial, Inc. reported earnings per share of $0.40 on net income of $11.1
million and a record return on equity of 15.63 percent for the first quarter of 2000.
"We are very pleased with our performance and the fact that we have met and exceeded a return on equity of
above 15 percent for two consecutive quarters," said Robert J. Meuleman, president and chief executive officer.
HIGHLIGHTS
o Diluted earnings per share in the first quarter rose to $0.40, up 14.3 percent, or $0.05, from the $0.35 in the
first quarter of 1999.
o Net income for the first quarter was $11.1 million, a 10.5 percent, or $1.1 million, increase from the same
period last year.
o Average loans for the first quarter were up 11.1 percent, or $276 million, from the same period last year.
o Return on equity increased to a record 15.63 percent up from 12.75 percent in the first quarter of 1999.
o Net interest margin declined four basis points to 3.44 percent from the same period a year ago and declined
eight basis points from the fourth quarter of 1999.
o Trust and asset management fees rose 15.7 percent compared to the first quarter of 1999.
o Operating expenses declined $134,000 or 0.4 percent compared to the first quarter of 1999.
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Contact: For media inquiries: For financial inquiries:
Katherine Taylor John Hecht
Investor Relations Manager Chief Financial Officer
815-961-7164 815-961-2787
EARNINGS SUMMARY
Net income for the first quarter was $11.1 million, a 10.5 percent increase from $10.0 million in the first quarter
of 1999. Average earning assets rose 4.1 percent contributing to a $1.2 million increase in net interest income.
The growth is attributed to a $276 million or 11.1 percent increase in average l