FNB posts decline in quarterly earnings: Bank officials blamed the figures on the current soft real estate market.

From: The Roanoke Times (Roanoke, VA) | Date: February 2, 2007 | Copyright information

Byline: Rob Johnson

Feb. 2--Amid a banking atmosphere of worsening credit, missed loan payments and the necessity to set aside potential profit as a reserve against losses, FNB Corp. reported a decline in fourth-quarter earnings.

The Christiansburg-based holding company said net income fell 8.5 percent to $4.2 million, or 56 cents a common share, from $4.6 million, or 62 cents.

In a written statement, FNB blamed some of the same performance drains that are plaguing many regional and community banks, including lower mortgage income in the current weakened real estate ...

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