ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Saturday, October 12, 1996 TAG: 9610140025
SECTION: BUSINESS PAGE: A-8 EDITION: METRO
Central Fidelity Banks Inc.
3rd qtr. ended 9-30 1996 1995
Net Interest Income $97.3 million $87.7 million
Net Income $25.1 million $27.5 million
Share earnings 42 cents 46 cents
9 mos. ended 9.30
Net Interest Income $284.9 million $258.5 million
Net Income $81.9 million $79.3 million
Share earnings $1.37 $1.33
Central Fidelity Banks Inc., based in Richmond, was affected in the last quarter by a one-time charge to recapitalize the Savings Association Insurance Fund.
Crestar Financial Corp.
3rd qtr. ended 9-30 1996 1995
Net Interest Income $180.7 million $169.3 million
Net Income $36.8 million $52.1 million
Share earnings 86 cents $1.18
9 mos. ended 9-30
Net Interest Income $544.3 million $510.0 million
Net Income $149.0 million $153.5 million
Share earnings $3.44 $3.51
Crestar Financial Corp., based in Richmond, had previously announced that its earnings were affected by an assessment for recapitalization of the Savings Association Insurance Fund. The company also said core operating earnings were below expectations, primarily because of uncertainty about consumer credit quality. That caused the bank to take a cautious approach to loan growth.
General Electric Co.
3rd qtr. ended 9-30 1996 1995
Revenues $20 billion $17.34 billion
Net Income $1.79 billion $1.61 billion
Share earnings $1.08 96 cents
9 months ended 9-30
Revenues $56.19 billion $50.28 billion
Net Income $5.2 billion $4.71 billion
Share earnings $3.15 $2.79
General Electric of Fairfield, Conn., is the parent of the GE Motors and Industrial Systems Division in Salem.
Premier Bankshares Corp.
3rd qtr. ended 9-30 1996 1995
Net Interest Income $8.1 million $7.4 million
Net Income $2.7 million $2.5 million
Share earnings 41 cents 37 cents
9 mos. ended 9-30
Net Interest Income $23.3 million $21.3 million
Net Income $7.8 million $6.6 million
Share earnings $1.18 $1.00
Premier Bankshares Corp., headquartered in Bluefield, operates 36 branch banks in Southwest Virginia.
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