MNC Financial reported today a fourth quarter loss of $82 million, or 96 cents a share, down substantially from a loss of $198 million, or $2.31 per share during the same period a year earlier.
The Baltimore-based banking company, whose holdings include Maryland National Bank, posted a loss of $70 million, or 89 cents, for 1991. That compares with a loss of $440 million, or $5.23 per share, for 1990.
The results were in line with Wall Street expectations, said David S. Penn, an analyst who follows the company for Legg Mason Wood Walker in Baltimore. "It appears that their problems are not getting too much worse and the question is have they bottomed out and begun getting better? It's too soon to tell."