SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 14, 1998
FCNB CORP
(Exact name of registrant as specified in its charter)
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MARYLAND 52-1479635
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
7200 FCNB COURT, FREDERICK, MARYLAND 21703
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (301)662-2191
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Item 5. Other Events.
On July 14, 1998, FCNB Corp (the "Company") reported net income of
$2.48 million, or $0.42 per basic share, for the second quarter of 1998, a 9%
gain over core earnings, and an 11% increase over reported earnings, for the
same period last year. For the first half of 1998, core net income grew by 11%,
while on a reported basis earnings increased 18%.
In addition, the Company announced the fifth consecutive quarterly
increase in the cash dividend, to $0.19 per share, payable July 31, 1998 to
shareholders of record as of July 24, 1998. The Company also announced a 4-for-3
stock split payable August 14, 1998 to shareholders of record as of August 7,
1998. Shareholders will receive one new share for every three shares owned.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FCNB CORP
By:/s/A.Patrick Linton
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A.Patrick Linton, President
Dated: July 14, 1998
