Two large Baltimore banks and two big Virginia banks reported increased fourth-quarter profits.
* Maryland National Corp., which owns Maryland National Bank, said its fourth-quarter earnings were $13.2 million ($1.62 a share), compared with $10.2 million ($1.24) for a year ago. For the year, Maryland National's profits were $49 million ($6.01), compared with $38.6 million ($4.49).
* First Maryland Bancorp said its fourth-quarter earnings were $5.7 million (94 cents a share), up from $3.5 million (66 cents) in the fourth quarter of 1983. For the year, First Maryland reported profits of $23.3 million ($3.85), compared with $19.2 million ($3.65).
* Dominion Bankshares Corp., parent company of Dominion Bank, reported fourth-quarter earnings of $9 million (87 cents a share), up from $6.7 million (67 cents) in the fourth quarter of 1983. Its 1984 earnings totaled $32.9 million ($3.25), compared with $24.5 million ($2.50) for 1983.
* Bank of Virginia Co. of Richmond reported record profits for the fourth quarter and for the year as a whole. Net income for the three months totaled $10 million (80 cents a share), versus $8.5 million (70 cents) a year earlier. For 1984, profits amounted to $37.1 million ($2.97), compared with $30.2 million ($2.50) in 1983, a gain of 23 percent. Chairman Frederick Deane Jr. attributed the fourth-quarter improvement to a strong increase in loan volume and better spreads on short-term investments.
* McCormick & Co. of Hunt Valley, Md., experienced a 31 percent decrease in profits for its fourth quarter ended Nov. 30, but a 36 percent increase for the entire year. Net earnings for the fourth quarter were $16.4 million ($1.34 a share) on sales of $241.8 million, versus $23.9 million ($1.91) on sales of $220.3 million. For the year, the food company's net income rose to $54.6 million ($4.40) on sales of $788.4 million from $40.1 million ($3.22) on revenue of $743.2 million.