THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Saturday, July 15, 1995 TAG: 9507150421
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
LENGTH: Short : 20 lines
Central Fidelity Banks Inc., hurt by a narrower spread between its cost of funds and its yield on loans and investments, reported a 12 percent decline in net income for the second quarter. The Richmond-based bank holding company said it earned $26.02 million for the three months ended June 30, down from $29.58 million for the comparable period in 1994. Per-share earnings dropped to 66 cents from 76 cents. Central Fidelity's net interest income, its major source of earnings, was flat at $85.75 million. (Staff) by CNB