VICTORIA, Texas, July 26 /PRNewswire/ -- On July 21, 1998, the Board of
Directors of First Victoria National Bank (Nasdaq: FVNB) declared a cash
dividend of $.35 per share payable on August 13, 1998, to shareholders of
record as of July 30, 1998.
Net income for the second quarter of 1998 was approximately
$1,458,000 compared to $1,277,000 for the second quarter of 1997. Earnings
per share were approximately $.61 for the second quarter of 1998 compared to
$.54 for the same period in 1997. For the six months ended June 30, 1998, the
Bank reported net income of approximately $2.93 million compared to
$2.68 million for the same period in 1997. This represents earnings per share
of approximately $1.23 and $1.13 for the six months ended June 30, 1998 and
1997, respectively.
The Bank's equity capital at June 30, 1998 was approximately
$57.8 million compared to $56.1 million at December 31, 1997. The Bank's
equity capital ratio of 10.97% and risk-based capital ratio of 18.90% as of
June 30, 1998 remain well in excess of regulatory requirements. Total assets
were approximately $519 million as of June 30, 1998 compared to $500 million
as of December 31, 1997. Deposits totaled approximately $433 million and
$416 million as of June 30, 1998 and December 31, 1997, respectively.
"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 the Bank, the occurrence of which involve certain
risks and uncertainties detailed in the Bank's filings with the Office of the
Comptroller of the Currency.
SOURCE First Victoria National Bank
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http://www.fvnb.com
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fax, 800-758-5804, ext. 124759
CONTACT:
Tisha Darilek, Marketing Assistant of First
Victoria National Bank, 512-574-8438
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