First Interstate Bancorp, holding company of First Interstate Bank of Utah, will beat analysts' estimates that it will earn $6.66 per share in 1993 and will meet or exceed 1994 estimates of $7.70 per share, according to Edward Carson, chief executive officer.

Carson said First Interstate is likely to earn more in the fourth quarter than the third quarter's $1.80 per share. "We are seeing improved business all the way through," he said.He said although borrowers are not really "knocking down the doors, we showed a very good increase in loans in the third quarter." First Interstate Bank of Utah officials reported $35 million in new commercial loans in the third quarter. The bank also originated more than 2,200 consumer loans during the period, a 35 percent increase over the second quarter.

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Carson said the driving forces behind the better fourth quarter results are an increasing number of loans, stable net interest margins, lower credit losses and non-interest income from the sale of mutual funds and other investment products.

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