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

DATE: WEDNESDAY, October 11, 1995                   TAG: 9510110058
SECTION: BUSINESS                    PAGE: B7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

REPORTED EARNINGS

AutoZone, Memphis, Tenn.-based auto parts and accessories retailer with stores in the Roanoke Valley, reported net income of $138.8 million, or 93 cents per share, on sales of $1.81 billion for its fiscal year ended Aug. 26, compared with year-earlier $116.4 million, or 78 cents per share, on sales of $1.51 billion. For its fourth quarter, net income was $54.9 million, or 37 cents per share, on sales of $628.8 million, compared with year-earlier $45.2 million, or 30 cents per share, on sales of $523.8 million.

Family Dollar Stores

Family Dollar Stores Inc., Matthews, N.C.-based retailer, reported net income of $58.1 million, or $1.03 per share, on sales of $1.55 billion for its fiscal year ended Aug. 31, compared with year-earlier $63.1 million, or $1.12 per share, on sales of $1.43 billion. For its fourth quarter, net income was $9.1 million, or 16 cents per share, on sales of $389.8 million, compared with year-earlier $7.4 million, or 13 cents per share, on sales of $345.4 million.

First Virginia Banks

First Virginia Banks Inc. earned $29.27 million in the third quarter, an increase of 6.1 percent from $27.59 million in the same period last year. This year's earnings per share of 86 cents could not be compared with last year's 85 cents because of the greater number of shares outstanding in the most recent quarter.

For the first nine months, income of $84.04 million, or $2.47 cents a share, was down 1.6 percent from the 1994 figures of $85.43 million or $2.63 a share.

Chairman Barry J. Fitzpatrick said the bank continued to expand its position in auto finance. During the third quarter, he said, the bank opened two indirect auto loan production offices, and it will open others in future months.

That business, he said, exhibited strong loan production volume while national auto sales declined.

Loans of $4.96 billion were up 9.2 percent from last year's third quarter and up 3.6 percent from the second quarter.

Demand deposits increased at an annualized rate of 10.3 percent during the second quarter, while consumer certificates of deposit jumped 15.4 percent at an annualized rate.

The figures were helped by purchase of four branches in the Richmond market with $220 million in deposits.

The bank had assets of $8.177 billion at the end of September.