Provident Bankshares Inc.Provident said yesterday that it...

BY THE NUMBERS

July 18, 1991

Provident Bankshares Inc.

Provident said yesterday that it had a second-quarter profit o$860,000, reversing the $6.6 million loss it took during 1990's second quarter.

The parent company of Provident Bank of Maryland said that it was able to add $6.4 million less to its loan loss reserves this year than during the same three months of last year.

Three months ended 6/30/91

... ... ... ... Income... ... ... ... ... Share

'90... ... ... 860,000... ... ... ... .. 0.14

'89... ... ..(6,600,000)... ... ... ...(1.09)

% change... ... ... ..--... ... .... ... ... --

... ... ... ... Assets... ... ... ... .Deposits

'90... ... 1,540,000,000... ... 1,180,000,000

'89... ... 1,460,000,000... ... 1,140,000,000

% change ... ... ... +5.5... ... ... ... ..+3.5

Six months ended 6/30/91

... ... ... ... Income... ... ... ... ... Share

'90... ... .. 1,675,000... ... .. ... ...0.28

... ..(5,946,000)... ... ... ... . N/A

change... ... ... .. --... ... .... ... ...--

The Cosmetic Center Inc.

This Savage-based retailer of cosmetics, fragrances anbeauty aids said yesterday that its sales increased by 13 percent and its net income by 9 percent in the third quarter, which ended June 28.

Cosmetic Center Chairman LouisR. Weinstein attributed the company's strong performance to aggressive sales plans, reduced prices and successful "in attracting drugstore customers and department store customers to our stores."

The Cosmetic Center has four stores in the Baltimore area, 14 stores in the Washington metropolitan area and 34 stores in all.

Three months ended 6/28/91

... ... ... .. Revenue... ... Net... ... ... .Share

'91... ... 20,332,000... ... 328,000... ... 0.11

'90... ... 18,056,000... ... 302,000... ... 0.10

% change... ... +12.6... ... ... +8.6... .... +10.0

Nine months ended 6/28/91

... ... ... ... Revenue... ... Net... ... ... Share

'91... ... ... 66,326,000... 1,511,000... ...0.49

'90... ... ... 58,262,000...1,328,000... ...0.43

% change... ... ... +13.8... ... +13.8... ... +14.0

7/8

Signet Banking Corp.

The parent company of Signet Bank/Maryland said that its second-quarter earnings rose nearly 187 percent, aided by lower provisions for loan loss reserves.

The company made $8.4 million, or 31 cents a share, for the three months that ended June 30. Last year, the company earned $2.9 million during the second quarter.

The provision for loan loss reserves was 39 percent lower during this year's second quarter.

Three months ended 6/30/91

... ... ... ... ... Income... ... ... ... ... ..Share

'91... ... ... ... 8,378,000... ... ... ... ...0.31

'90... ... ... .... 2,920,000... ... ... ... ... 0.11

% change... ... ... .. +186.9... ... ... ... ..+181.3

... ... ... ... ... Assets... ... ... ... .. Deposits

'91... ... ... 11,641,694,000... .... 8,402,535,000

'90... ... .... 12,474,155,000... .. .. 7,778,033,000

% change... ... ... ... .. 6.7... ... ... ... .. +8.0

Six months ended 6/30/91

... ... ... ... ... Income... ... ... ... ... ..Share

'91... ... ... ..14,768,000... ... ... ... ... 0.55

'90... ... ... ..30,053,000... ... ... ... ... 1.13

% change... ... ... ...-50.9 ... ... .. ... ... -51.3

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