ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Tuesday, April 16, 1996 TAG: 9604160068
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
Central Fidelity Banks Inc.
1st ended 3-31 1996 1995
Net Interest Income $93,244,000 $85,090,000
Net Income $27,981,000 $25,720,000
Share earnings 70 cents 65 cents
Central Fidelity Banks Inc. of Richmond had assets of $10.5 billion, loans of $6.4 billion and deposits of $7.8 billion.
Crestar Financial Corp.
1st ended 3-31
1996 1995
Net Interest Income $181.5 million
$169.7 million
Net Income $55.4 million $49.7 million
Share earnings
$1.27 $1.14
Crestar Financial Corp. of Richmond reported charge-offs of $21.4 million in the first quarter, driven primarily by credit card losses. That compared with losses of $12.4 million the prior year. The bank had assets of $17.9 billion, deposits of $12.9 billion and loans of $11.5 billion.
First Union Corp.
1st ended 3-31
1996 1995
Net Income $242,850,000
$335,362,000
Share earnings 85 cents $1.19
First Union's income includes a one-time merger-related charge of $281.2 million. Without that charge, income would have been$420 million or $1.50 a share. The Charlotte-based bank had assets $130.6 billion and loans of $89.9 billion.
First Virginia Banks Inc.
1st ended 3-31 1996 1995
Assets $8.130 billion $7.743 billion
Net Income $28,383,000 $27,198,000
Share earnings 84 cents 80 cents
National Commerce Bankcorporation
1st ended 3-31 1996 1995
Net Interest Earnings $33,670,000 $29,320,000
Net Income $13,276,000 $11,220,000
Share earnings 53 cents 45 cents
National Commerce Bankcorporation of Memphis, Tenn., is the parent company of NBC banks inside Kroger stores in the Roanoke and New River valleys. The company has assets of $3.7 billion, deposits of $2.56 billion and loans of $1.98 billion.
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