Printer Friendly

F&M NATIONAL CORPORATION REPORTS INCREASE IN FIRST QUARTER INCOME

F&M NATIONAL CORPORATION REPORTS INCREASE IN FIRST QUARTER INCOME
 WINCHESTER, Va., April 15 /PRNewswire/ -- Net income for the first three months of 1992 for F&M National Corporation (NASDAQ-NMS: FMNT) was $3.11 million, or 33 cs? per share, up from $2.61 million, or 28 cents per share, for the first quarter of 1991.
 Return on average assets for the first quarter was 1.38 percent and return on average equity was 14.77 percent for the same period.
 Total assets, as of March 31, were $904.80 million, up from $869.73 million for the first three months of last year. Over the past 12 months, deposits rose from $773.66 million to $797.30 million. Net loans increased to $533.05 million from $527.57 million over the same period.
 The corporation's affiliates are: F&M Bank-Winchester, Winchester; F&M Bank-Broadway, Broadway, Va.; F&M Bank-Central Virginia, Charlottesville, Va.; F&M Bank-Massanutten, Harrisonburg, Va.; F&M Bank-Richmond, Richmond, Va.; F&M Bank-Blakeley, Ranson, W.Va.; and F&M Bank-Martinsburg, Martinsburg, W.Va.
 -0- 4/15/92
 /CONTACT: Miles R. Orndorff Jr., public relations director, F&M National Corporation, 703-665-4200/
 (FMNT) CO: F&M National Corporation ST: Virginia, West Virginia IN: FIN SU: ERN


TW-SB -- DC010 -- 8725 04/15/92 12:55 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 15, 1992
Words:216
Previous Article:PRELIMINARY SITE STUDY RELEASED ON THE TRANS MOUNTAIN OIL PIPELINE PROPOSAL
Next Article:ELCOR REPORTS THIRD QUARTER RESULTS; SALES UP 34 PERCENT WITH A SMALLER LOSS THAN ANTICIPATED


Related Articles
NATIONAL CITY CORPORATION REPORTS FIRST QUARTER EARNINGS
NATIONAL CITY CORPORATION REPORTS FIRST QUARTER EARNINGS
MANUFACTURERS NATIONAL CORPORATION REPORTS FIRST-QUARTER EARNINGS
FIRST NATIONAL BANK CORP. POSTS INCREASED FIRST-QUARTER RESULTS
WABASH NATIONAL ANNOUNCES FIRST QUARTER RESULTS
MICHIGAN NATIONAL'S EARNINGS FOR THE FIRST QUARTER 1992 IMPROVED FROM THE SAME PERIOD LAST YEAR
MICHIGAN NATIONAL'S EARNINGS FOR THE FIRST QUARTER 1992 IMPROVED FROM THE SAME PERIOD LAST YEAR
FIRST NATIONAL REPORTS FIRST QUARTER FINANCIAL RESULTS
Park National Corporation, Newark, Ohio Reports Earnings For The Quarter Ended March 31, 1997
ANB Corporation Announces 1st Quarter Net Income

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters