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F&M NATIONAL CORPORATION REPORTS NINE MONTH EARNINGS

 F&M NATIONAL CORPORATION REPORTS NINE MONTH EARNINGS
 WINCHESTER, Va., Oct. 13 /PRNewswire/ -- Net income for the first


nine months of 1992 for F&M National Corporation (NASDAQ-NMS: FMNT) was $10.294 million, or 97 cents per share, compared to $8.509 million, or 81 cents per share, for the first nine months of 1991.
 Third quarter net income was $3.509 million, or 33 cents per share, compared to $3.306 million, or 32 cents per share, for the third quarter of last year.
 Return on average assets for the nine-month period was 1.36 percent, and return on average equity was 14.45 percent for the same period.
 Non-performing assets as of Sept. 30 were $9.981 million, down from the June 30 figure of $10.999 million.
 Total assets as of Sept. 30 were $1.050 billion, up from $996 million as of Sept. 30 last year. Over the past 12 months, deposits rose from $881.9 million to $923.2 million. Loans increased to $616.3 million from $604.9 million over the same period.
 F&M National Corporation has eight bank affiliates. The Virginia banks are: F&M Bank-Winchester, Winchester; F&M Bank-Broadway, Broadway; F&M Bank-Central Virginia, Charlottesville; F&M Bank- Massanutten, Harrisonburg; and F&M Bank-Richmond, Richmond. The West Virginia banks are: F&M Bank-Blakeley, Ranson; F&M Bank-Martinsburg, Martinsburg; and Farmers and Merchants Bank of Keyser, Keyser.
 -0- 10/13/92
 /CONTACT: Miles R. Orndorff Jr., public relations director, F&M National Corporation, 703-665-4200/
 (FMNT) CO: F&M National Corporation ST: Virginina IN: FIN SU: ERN


MH -- DC019 -- 9355 10/13/92 13:11 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
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