Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.

Page 12 · column 7 of 9 · from the scan, no model involved

The clipping this text was read from
The clipping this text was read from

Fourth quarter net income for F & M National Corporation was $638 thousand, or 34 cents per share, a 21 percent increase over the fourth quarter figures of $527 thousand, or 29 cents per share for last year.

Net income for the year was up 36.8 percent to $2.7 million, or $1.44 per share from $1.9 million, or $1.06 per share, last year.

Return on average assets for 1983 was 1.02 percent compared to .81 percent for 1982. Return on average equity was 13.51 percent compared to 10.84

91.2%