ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Friday, July 19, 1996 TAG: 9607190035
SECTION: BUSINESS PAGE: B-7 EDITION: METRO
Capital One Financial Corp.
2nd qtr. ended 6-30 1996 1995Net Interest Income $74.5 million $45.2 millionNet Income $38.2 million $29.6 millionShare earnings 57 cents 45 cents6 mos. ended 6-30Net Interest Income $145.3 million $83.3 millionNet Income $76.2 million $54.8 millionShare earnings $1.14 83 cents Capital One Financial Corp. of Falls Church was spun off early last year by Signet Banking Corp. Its primary business is credit card products. The company added a record 1.1 million new credit card accounts in the second quarter, bringing its total to 7.8 million.
General Electric Co.
2nd qtr. 1996 1995Revenues $19.07 billion $17.81 billionNet Income $1.91 billion $1.73 billionShare earnings $1.15 $1.02
Owens-Corning Fiberglas Corp.
2nd qtr. ended 6-30 1996 1995Revenues $956 million $877 millionNet Income ($473 million) $63 millionShare earnings ($9.19) $1.206 mos. ended 6-30Revenues $1.81 billion $1.72 billionNet Income ($434 million $95 millionShare earnings ($8.43) $1.88 Toledo, Ohio-based Owens-Corning operates a plant in Martinsville. Results include a net, after-tax charge of $542 million taken during the second quarter related to asbestos claims.
Sears, Roebuck and Co.
2nd qtr. 1996 1995Revenues $9.13 billion $8.23 billionNet Income $274 million $218 millionShare earnings 67 cents 54 cents6 mos.Revenues $17.13 billion $15.69 billionNet Income $425 million $342 millionShare earnings $1.03 84 cents Hoffman Estates, Ill.-based Sears operates retail stores in Southwest Virginia.
Signet Banking Corp.
2nd qtr. ended 6-30 1996 1995Net Interest Income $117.4 million $117.4 millionNet Income $30.5 million $29.7 millionShare earnings 50 cents 50 cents6 mos. ended 6-30Net Interest Income $233.6 million $235.5 millionNet Income $61.7 million $56.4 millionShare earnings $1.02 95 cents Signet Banking Corp., based in Richmond, said it had delayed its more aggressive marketing programs in response to "signs of potential market deterioration" and uncertainty about the economy. Loans increased only modestly and one real estate construction loan of $8.4 million was placed on the troubled list.
Tultex Corp.
2nd qtr. ended 6-29 1996 1995Revenues $138.2 million $121 millionNet Income $689,000 ($62,000)Share earnings 1 cent (1 cent)6 mos. ended 6-29Revenues $233.5 million $205.1 millionNet Income ($4.8 million) ($11.8 million)Share earnings (18 cents) (41 cents) The Martinsville company manufactures activewear and licensed sports apparel.
|*Figures in parentheses indicate a loss.
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