ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Thursday, July 11, 1996 TAG: 9607110067
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
Central Fidelity Banks Inc.
2nd qtr. ended 6-30 1996 1995
Net Interest Income $94.4 million $85.7 million
Net Income $28.8 million $26.0 million
Share earnings 48 cemts 44 cents
6 mos. ended 6-30
Net Interest Income $187.8 million $170.8 million
Net Income $56.8 million $51.7 million
Share earnings 95 cents 87 cents
Central Fidelity Banks Inc., based in Richmond, said loan chargeoffs rose to $10 million in the second quarter from $3 million a year earlier because of "an accelerating trend of consumer bankruptcies in both the credit card and installment loan portfolios." Commercial and construction loan recoveries also compared unfavorably with the prior year.
LENGTH: Short : 32 linesby CNB