VICTORIA, Texas, Jan. 26 /PRNewswire/ -- On January 26, 2000, the Board of
Directors of FVNB Corp. (Nasdaq: FVNB) declared a regular cash dividend of
$.35 per share payable on February 18, 2000 to shareholders of record as of
February 4, 2000. Consolidated net income of the Company for 1999 was
approximately $7.50 million, or $3.16 per share. This compares to
consolidated net income of approximately $6.07 million, or $2.56 per share,
for 1998. The return on average assets of 1.18% and return on average equity
of 12.72% for 1999 compare to 1.16% and 9.83%, respectively, for 1998.
The Company expects to release further information related to its 1999
performance on or about January 27, 2000.
["Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained in this release which are not
historical facts contain forward looking information with respect to plans,
projections or future performance of FVNB Corp., the occurrence of which
involve certain risks and uncertainties detailed in the FVNB Corp. filings
with the Securities Exchange Commission.]
CONTACT: C. Dee Harkey, Secretary & Principal Accounting Officer of FVNB
Corp., 361-572-6530.
SOURCE FVNB Corp.
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Related links:
http://www.fvnb.com
Company News On-Call:
http://www.prnewswire.com/comp/124759.html or fax,
800-758-5804, ext. 124759
CONTACT:
C. Dee Harkey, Secretary & Principal
Accounting Officer of FVNB Corp., 361-572-6530
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