WASHINGTON — After two consecutive quarters of disappointing earnings, Riggs National Corp. expects to have a substantial one-time gain this quarter.

Riggs predicted Thursday that it would have a $10.3 million gain for the first quarter because Star Systems Inc., a PIN-secured debit network in which Riggs had “ownership interest,” was acquired last month by the electronic commerce provider Concord EFS Inc. of Memphis.

As a result, $5 billion-asset Riggs now owns 243,849 Concord shares, valued at about $10.6 million.

The book value of Riggs’ stock in Star Systems was $280,000.

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