FNB Corp. in Christiansburg, Va., said Friday that it earned a record $4.6 million in the fourth quarter, up nearly 24% from the year-earlier period. Earnings per share rose 23.5%, to 63 cents.
Processing Content
The $1.4 billion-asset, three-bank holding company credited increases in loans, deposits, and the prime rate.
The company also said that it is merging its three charters into one that will operate under the name of its largest subsidiary, First National Bank. It expects to complete the consolidation in May.
