Bankers Security Life Insurance Society of Washington reported record first-quarter earning of $265,315 (41 cents a share) compared with $424,422 (31 cents) in the same period last year.
Included in the 1977 quarter were 7 cents a share from capital gains compared with last year, when such gains amounted to less than one cent per share.
New business in the quarter totaled $124.2 million, up from $120.6 million in the 1976 period. The life insurance firm is affiliated with International Bank, a diversified financial services company here.
Financial Security Group, a property and casualty insurance holding company that also is affiliated with International Bank, reported first-quarter profits of $1 million (35 cents a share) a year ago. Written permiums rose 4 per cent to $23.8 million but the major improvement was in underwriting operations, which showed a profit of $145,789 vs. a loss of $1.3 million.
International General Industries, an industrial manufacturing firm that is part of the International Bank group, posted first-quarter profits of $1.4 million (79 cents a share) vs. $1.2 million (68 cents). Revenues rose 17 per cent to $22.6 million.
Citizens Bank & Trust Co., of Riverdale, reported a decline in first-quarter profits to $1.60 a share compared with $1.68 in the 1976 period. Deposits rose 6 per cent to $400 million and loan volume increased 19 per cent to $266 million.
First Financial of Virginia Corp, a savings and loan holding company in McLean, reported earnings of $1.2 million ($2.55 a share) in the nine months ended March 31, a gain of 107 per cent from the previous comparable period. Total assets rose to $220 million from $193 million for the company, which owns Washington-Lee Savings and Loan.
Federal Realty Investment Trust, of Chevy Chase, reported first-quarter profits of $408,605 (30 cents a share), up 51 per cent from $271.497 (33 cents) in the same period of 1976. The decrease in per-share earning reflects more shares outstanding in the recent period. The trust owns 10 shopping centers and five apartment developments. Total revenues rose 13 per cent to $.16 million.
Doughtie's Foods, Inc., of Portsmouth, reported first quarter profits of $95,300 (15 cents a share) compared with $75,600 (12 cents) in the 1976 period. Sales rose 26 per cent to a record of $6.7 million. The company distributes food products throughout the Washington area.
Kopok Tree Inns, owner of the Peter Pan Restuarant in Urbana, Md., reported profits of $1 million (34 cents a share) in the 28 weeks ended April 10 compared with $1.3 million (43 cents) a year earlier.