MBIA Inc., the holding company for Municipal Bond Investors Assurance Corp., said yesterday that its third-quarter net income rose 9% to $65 million, or $1.54 per share, from $59.8 million, or $1.41 per share, a year earlier.

For the first nine months, net income fell slightly to $195.7 million, or $4.65 per share, from $196.3 million, or $4.62 per share, in the first nine months of 1993, when earnings were boosted an additional 30 cents per share because of an accounting change. MBIA had fewer shares outstanding in the 1994 period, which accounted for the increase in earnings per share.

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