FCNB Reports Earnings Jump But Has Concerns About Net Interest Margin 

Posted: 1:00 am Wed, July 12, 2000
By admin

Reported earnings for FCNB Corp. for the second quarter jumped 12.5 percent over the same period last year, but the bank’s president, A. Patrick Linton, expressed concern about how past increases in interest rates have affected net interest margin.<br /><br />Net interest margin — a key indicator of profitability — is the difference between what the bank paid for money and what it earned on loans to customers. FCNB did not release those numbers with its second quarter earnings yesterday.