CRESTAR EARNINGS UP 136 PERCENT

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, January 15, 1993                   TAG: 9301150160
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short
CRESTAR EARNINGS UP 136 PERCENT
Crestar Financial Corp. on Thursday reported a 136 percent increase in earnings, from $33.8 million in 1991 to $79.8 million last year.
Earnings per share were up from 98 cents to $2.32.
Chairman Richard Tilghman said about 15 cents of the 1992 earnings came from acquisition of deposits and some assets of Perpetual Savings Bank from the government's Resolution Trust Corp.
Fourth-quarter income was $27.9 million, or 78 cents a share, compared to $7.3 million, or 21 cents a share, in 1991.
Tilghman said non-performing assets declined for the fifth consecutive quarter. Problem loans stood at $220.8 on Dec. 31 compared to $350 million a year earlier.
Tilghman said Crestar also profited last year from strong growth in income from deposit accounts and from fees for originating and servicing mortgages.
The company ended the year with assets of $12.2 billion.
Deposits rose from $8.7 billion to $9.4 billion, but loans fell from $7 billion to $6.5 billion.

by Bhavesh Jinadra by CNB