ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Friday, January 17, 1997 TAG: 9701170078
SECTION: BUSINESS PAGE: A-7 EDITION: METRO
Crestar Financial Corp.
4th qtr. ended 12-31 1996 1995
Net Interest Income $220.5 million $204.8 million
Net Income $38.2 million $35.6 million
Share earnings 67 cents 63 cents
Year ended 12-31
Net Interest Income $866.3 million $814.8 million
Net Income $218.3 million $215.9 million
Share earnings $3.88 $3.83
Crestar Financial Corp. of Richmond would have earned $261.1 million, or $4.66 a share, except for non-recurring charges related primarily to acquisition of Citizens Bancorp of Laurel, Md. Crestar also had to pay a one-time assessment to recapitalize the thrift insurance fund.
Eastman Kodak Co.
4th qtr. ended 12-31 1996 1995
Revenues $4.42 billion $4.19 billion
Net Income $395 million $325 million
Share earnings $1.19 95 cents
Year ended 12-31
Revenues $16.24 billion $15.27 billion
Net Income $1.29 billion $1.25 billion
Share earnings $3.82 $3.67
Eastman Kodak Co. of Rochester, N.Y., is the parent company of Qualex Inc., a Roanoke photo-finisher.
First Union Corp.
4th qtr. ended 12-31 1996 1995
Net Interest Income $1.135 billion $1.103 billion
Net Income $459 million $404 million
Share earnings $1.66 $1.45
Year ended 12-31
Net Interest Income $5.08 billion $4.74 billion
Net Income $1.49 billion $1.40 billion
Share earnings $5.35 $5.04
First Union Corp., based in Charlotte, N.C., would have earned $1.76 billion, or $6.31 per share, except for one-time charges for mergers involving three separate banks and a one-time payment to the insurance fund for thrifts. First Union said it may rebuy up to 25 million shares of its own stock.
General Electric Co.
4th qtr. ended 12-31 1996 1995
Revenues $22.99 billion $19.75 billion
Net Income $2.07 billion $1.87 billion
Share earnings $1.26 $1.12
Year ended 12-31
Revenues $79.18 billion $70.03 billion
Net Income $7.28 billion $6.57 billion
Share earnings $4.40 $3.90
General Electric Co. of Fairfield, Conn., is parent of the GE Motors and Industrial Systems division, with headquarters in Salem.
Georgia-Pacific Corp.
4th qtr. ended 12-31 1996 1995
Revenues $3.2 billion $3.42 billion
Net Income $2 million $197 million
Share earnings 2 cents $2.17
Year ended 12-31
Revenues $13.02 billion $14.3 billion
Net Income $156 million $1.018 billion
Share earnings $1.72 $11.29
Georgia-Pacific Corp. is an Atlanta-based forest-products company with operations in Bedford County and a distribution center in Roanoke. The yearly profits from its pulp and paper business fell 75 percent last year because of a collapse in prices for most products.
MainStreet BankGroup Inc.
4th qtr. ended 12-31 1996 1995
Net Interest Income $13.2 million $11.6 million
Net Income $3.9 million $4.1 million
Share earnings 34 cents 36 cents
Year ended 12-31
Net Interest Income $50.4 million $44.4 million
Net Income $15.7 million $13.5 million
Share earnings $1.37 $1.21
MainStreet BankGroup Inc. of Martinsville took a one-time charge of $943,000 last year because of its acquisition of First National Bank of Clifton Forge and Hanover Bank.
LENGTH: Medium: 91 linesby CNB