ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Friday, April 11, 1997 TAG: 9704110079
SECTION: BUSINESS PAGE: B-7 EDITION: METRO
Crestar Financial Corp.
1st qtr. ended 3-31 1997 1996
Net Interest Income $189.9 million $189.4 million
Net Income $71.8 million $65.1 million
Share earnings 64 cents 58 cents
Crestar Financial Corp. is a Richmond-based banking company.
First Union Corp.
1st qtr. ended 3-31 1997 1996
Net Interest Income $2.43 billion $2.36 billion
Net Income $471 million $420 million
Share earnings $1.67 $1.50
First Union Corp. of Charlotte, N.C., is the holding company for Roanoke-based First Union National Bank of Virginia. The company said fee income generated by its Capital Markets Group, which provides a variety of sophisticated financing products and services, grew 67 percent.
General Electric Co.
1st qtr. ended 3-31 1997 1996
Revenues $20.2 billion $17.09 billion
Net Income $1.68 billion $1.52 billion
Share earnings $1.02 91 cents
General Electric Co. of Fairfield, Conn., operates the GE Motors and Industrial Systems division with headquarters in Salem.
Georgia-Pacific Corp.
1st qtr. ended 3-31 1997 1996
Revenues $3.15 billion $3.05 billion
Net Income $90 million $50 million
Share earnings 99 cents 55 cents
Georgia-Pacific Corp. is an, Atlanta-based forest-products company with operations in Bedford County.
Intermet Corp.
1st qtr. ended 3-31 1997 1996
Revenues $209.5 million $134.2 million
Net Income $10.9 million $8.8 million
Share earnings 43 cents 35 cents
Intermet Corp. is the Detroit parent of the Radford Shell Plant - formerly Lynchburg Foundry - and the New River Casting facility also in Radford.
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