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F&M NATIONAL CORPORATION REPORTS INCREASED EARNINGS FOR 1992

 WINCHESTER, Va., Jan. 14 /PRNewswire/ -- 1992 net income for F&M National Corporation (NASDAQ-NMS: FMNT) was $13.76 million, or $1.28 per share, compared to $11.65 million, or $1.11 per share for 1991.
 Fourth quarter net income was $3.47 million, or 31 cents per share, compared to $3.14 million, or 30 cents per share, for the fourth quarter of 1991.
 Return on average assets was 1.34 percent and return on equity was 13.86 percent.
 Total assets as of Dec. 31 were $1.090 billion, up from $1.013 billion a year earlier. Over the past 12 months deposits rose from $898.09 million to $954.57 million. Loans increased to $621.87 million from $603.27 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-Keyser, Keyser; and F&M Bank-Martinsburg, Martinsburg.
 -0- 1/14/93
 /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 -- DC004 -- 4764 01/14/93 10:04 EST
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Publication:PR Newswire
Date:Jan 14, 1993
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