Severn Bancorp (SVBI) Reports Q3 EPS of $0.09

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Go back to Severn Bancorp (SVBI) Reports Q3 EPS of $0.09

Severn Bancorp, Inc. Announces Double Digit Percentage Increase in Earnings

October 27, 2017 4:02 PM EDT

ANNAPOLIS, Md., Oct. 27, 2017 /PRNewswire/ -- Severn Bancorp, Inc., (Nasdaq: SVBI) parent company of Severn Savings Bank, FSB, today announced net income of $1.26 million, or $0.09 per diluted share for the third quarter of 2017. This is an increase of 19% over the third quarter of 2016 results of $1.06 million, or $0.04 per diluted share. Additionally, net income increased 28% when comparing to the prior period where net income was $982 thousand, or $0.07 per diluted share, for the quarter ended June 30, 2017. 

 

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