ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Saturday, October 19, 1996 TAG: 9610210057
SECTION: BUSINESS PAGE: A-6 EDITION: METRO
Allstate Corp.
3rd qtr. ended 9-30 1996 1995
Revenues $6.02 billion $5.7 billion
Net Income $292 million $446 million
Share earnings 65 cents $1.00
9 months ended 9-30
Revenues $18.24 billion $16.94 billion
Net Income $1.48 billion $1.51 billion
Share earnings $3.30 $3.36
Allstate Corp., based in Northbrook, Ill., operates a regional office in Roanoke. The company said its profits would have risen 26 percent for the quarter except for one-time charges for asbestos and environmental claims from a discontinued business and for establishing an insurers' earthquake pool in California.
First American Corp.
3rd qtr. ended 9-30 1996 1995
Net Interest Income $89.3 million $77.4 million
Net Income $27.4 million $27.7 million
Share earnings 93 cents 99 cents
9 months ended 9-30
Net Interest Income $258.3 million $232.5 million
Net Income $88.1 million $78.7 million
Share earnings $2.98 $2.78
First American Corp., based in Nashville, Tenn., operates banks in Roanoke and Southwest Virginia. The company said it would have earned $32.4 million in the third quarter except for a one-time $8.1 million government assessment on deposits of acquired thrifts. First American said credit quality remained exceptionally strong and profitability continued to improve.
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Stock market and mutual fund tables have been removed from our Business pages. Those listings are now available in The Daily Market Report, a 20-page publication. Beginning Nov. 5, The Report will be delivered to readers who subscribe to it. For details, call (800) 346-1234, ext. 211.
LENGTH: Short : 47 linesby CNB