Severn Bancorp Inc (SVBI) 4.45 $SVBI
Severn Bancorp EPS of $0.19
Seeking Alpha - at Seeking Alpha - Wed Jan 28, 4:01PM CST
SVBI: 4.45 (unch)
Severn Bancorp, Inc. Reports Increased Earnings for Fourth Quarter 2014
PR Newswire - Wed Jan 28, 3:22PM CST
Severn Bancorp, Inc., (Nasdaq: SVBI) ("Company"
parent company of Severn Savings Bank, FSB ("Severn" , reported net income of $1,550,000 or $.10 per share for the fourth quarter of 2014, a 45% increase compared to net income of $1,068,000 or $.05 per share for the third quarter of 2014. Earnings for the fourth quarter of 2014 are also significantly higher than the reported fourth quarter 2013 net loss of $5,472,000 or ($0.58) per share. Fourth quarter earnings in 2013 were impacted by the loss on the sale of certain non-performing loans during the year. For the year ended December 31, 2014 the Company reported net income of $2,909,000 or $.06 per share versus a loss of $25,165,000 or ($2.64) per share for the year ended December 31, 2013. Earnings per share is calculated using net income available for common shareholders, which is net income less preferred stock dividends and discount amortization.
SVBI: 4.45 (unch)
Update: Severn Bancorp Q3 Earnings
Profit Fan - at Seeking Alpha - Fri Nov 07, 12:52AM CST
SVBI: 4.45 (unch)
Severn Bancorp, Inc. Reports Third Quarter 2014 Earnings
PR Newswire - Fri Oct 24, 12:14PM CDT
Severn Bancorp, Inc., (Nasdaq: SVBI) ("Company" parent company of Severn Savings Bank, FSB ("Severn" , reported net income of $1,068,000 or $.05 per share for the third quarter of 2014, compared to a net loss of $576,000 or ($.12) per share for the second quarter of 2014. Net income for the third quarter of 2014 is also significantly higher than the reported third quarter 2013 net loss of $20,548,000 or ($2.08) per share. The third quarter net loss in 2013 was impacted by the loss on the sale of certain non-performing commercial loans during the quarter. Year to date net income as of September 30, 2014 is $1,359,000 or ($.04) per share versus a year to date net loss of $19,695,000 or ($2.06) per share as of September 30, 2013. Earnings per share is calculated using net income available for common shareholders, which is net income less preferred stock dividends and discount amortization.
SVBI: 4.45 (unch)
Severn Bancorp, Inc. Announces Adjustment to Reported Results for Second Quarter 2014
PR Newswire - Fri Aug 01, 4:02PM CDT
Severn Bancorp, Inc., (Nasdaq: SVBI) ("Company" parent company of Severn Savings Bank, FSB ("Severn" , today announced an adjustment to the earnings reported in a July 15, 2014 earnings release. The adjustment is for a $1.4 million reserve being placed on certain standby letters of credit held by Severn, not previously reflected in the earnings statement.
SVBI: 4.45 (unch)
Severn Bancorp, Inc. Announces Quarterly Results Hold Steady
PR Newswire - Tue Jul 15, 3:06PM CDT
Severn Bancorp, Inc., (Nasdaq: SVBI) ("Company" parent company of Severn Savings Bank, FSB ("Severn" , today announced net income of $824,000 or $.02 per share for the second quarter of 2014, an increase of approximately 255% compared to net income of $232,000 or ($.01) per share for the second quarter of 2013. Earnings for the second quarter this year are also holding fairly steady compared to net income of $867,000 or $.03 per share compared to the first quarter of 2014. Earnings per share is calculated using net income available for common shareholders, which is net income less preferred stock dividends. Severn also continues to see a downward trend in problem assets.
SVBI: 4.45 (unch)
Severn Savings Bank Appoints Chief Operating Officer
PR Newswire - Thu Jun 19, 8:35AM CDT
Severn Bancorp, Inc., (NASDAQ: SVBI) parent company of Severn Savings Bank, FSB ("Severn" , today announced the appointment of James M. Anthony as Executive Vice President along with his appointment as Chief Operating Officer of Severn. Mr. Anthony joins Severn from Chesapeake Bancorp and Chesapeake Bank & Trust Company in Chestertown, Maryland where he served as Chief Executive Officer, President and Director.
SVBI: 4.45 (unch)
Severn Bancorp EPS of $0.19
Seeking Alpha - at Seeking Alpha - Wed Jan 28, 4:01PM CST
SVBI: 4.45 (unch)
Severn Bancorp, Inc. Reports Increased Earnings for Fourth Quarter 2014
PR Newswire - Wed Jan 28, 3:22PM CST
Severn Bancorp, Inc., (Nasdaq: SVBI) ("Company"
parent company of Severn Savings Bank, FSB ("Severn" , reported net income of $1,550,000 or $.10 per share for the fourth quarter of 2014, a 45% increase compared to net income of $1,068,000 or $.05 per share for the third quarter of 2014. Earnings for the fourth quarter of 2014 are also significantly higher than the reported fourth quarter 2013 net loss of $5,472,000 or ($0.58) per share. Fourth quarter earnings in 2013 were impacted by the loss on the sale of certain non-performing loans during the year. For the year ended December 31, 2014 the Company reported net income of $2,909,000 or $.06 per share versus a loss of $25,165,000 or ($2.64) per share for the year ended December 31, 2013. Earnings per share is calculated using net income available for common shareholders, which is net income less preferred stock dividends and discount amortization. SVBI: 4.45 (unch)
Update: Severn Bancorp Q3 Earnings
Profit Fan - at Seeking Alpha - Fri Nov 07, 12:52AM CST
SVBI: 4.45 (unch)
Severn Bancorp, Inc. Reports Third Quarter 2014 Earnings
PR Newswire - Fri Oct 24, 12:14PM CDT
Severn Bancorp, Inc., (Nasdaq: SVBI) ("Company"
parent company of Severn Savings Bank, FSB ("Severn" , reported net income of $1,068,000 or $.05 per share for the third quarter of 2014, compared to a net loss of $576,000 or ($.12) per share for the second quarter of 2014. Net income for the third quarter of 2014 is also significantly higher than the reported third quarter 2013 net loss of $20,548,000 or ($2.08) per share. The third quarter net loss in 2013 was impacted by the loss on the sale of certain non-performing commercial loans during the quarter. Year to date net income as of September 30, 2014 is $1,359,000 or ($.04) per share versus a year to date net loss of $19,695,000 or ($2.06) per share as of September 30, 2013. Earnings per share is calculated using net income available for common shareholders, which is net income less preferred stock dividends and discount amortization. SVBI: 4.45 (unch)
Severn Bancorp, Inc. Announces Adjustment to Reported Results for Second Quarter 2014
PR Newswire - Fri Aug 01, 4:02PM CDT
Severn Bancorp, Inc., (Nasdaq: SVBI) ("Company"
parent company of Severn Savings Bank, FSB ("Severn" , today announced an adjustment to the earnings reported in a July 15, 2014 earnings release. The adjustment is for a $1.4 million reserve being placed on certain standby letters of credit held by Severn, not previously reflected in the earnings statement. SVBI: 4.45 (unch)
Severn Bancorp, Inc. Announces Quarterly Results Hold Steady
PR Newswire - Tue Jul 15, 3:06PM CDT
Severn Bancorp, Inc., (Nasdaq: SVBI) ("Company"
parent company of Severn Savings Bank, FSB ("Severn" , today announced net income of $824,000 or $.02 per share for the second quarter of 2014, an increase of approximately 255% compared to net income of $232,000 or ($.01) per share for the second quarter of 2013. Earnings for the second quarter this year are also holding fairly steady compared to net income of $867,000 or $.03 per share compared to the first quarter of 2014. Earnings per share is calculated using net income available for common shareholders, which is net income less preferred stock dividends. Severn also continues to see a downward trend in problem assets. SVBI: 4.45 (unch)
Severn Savings Bank Appoints Chief Operating Officer
PR Newswire - Thu Jun 19, 8:35AM CDT
Severn Bancorp, Inc., (NASDAQ: SVBI) parent company of Severn Savings Bank, FSB ("Severn"
, today announced the appointment of James M. Anthony as Executive Vice President along with his appointment as Chief Operating Officer of Severn. Mr. Anthony joins Severn from Chesapeake Bancorp and Chesapeake Bank & Trust Company in Chestertown, Maryland where he served as Chief Executive Officer, President and Director. SVBI: 4.45 (unch)
