Inactive Instrument

SEVERN BANCORP

SVBI

US81811M1009

Severn Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020

October 22, 2020 at 04:05 pm EDT

Severn Bancorp, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 6.530 million compared to USD 7.649 million a year ago. Net income was USD 1.898 million compared to USD 2.381 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to USD 0.19 a year ago. For the nine months, net interest income was USD 19.930 million compared to USD 23.579 million a year ago. Net income was USD 4.200 million compared to USD 7.166 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.56 a year ago.

Latest news about SEVERN BANCORP

Severn Bancorp, Inc.(NasdaqCM:SVBI) dropped from S&P TMI Index	21-11-01	CI
Shore Bancshares, Inc. completed the acquisition of Severn Bancorp, Inc. for approximately $170 million million.	21-10-30	CI
Severn Bancorp, Inc.(NasdaqCM:SVBI) dropped from NASDAQ Composite Index	21-10-29	CI
Shore Bancshares : Severn Bancorp Shareholders Approve Merger Deal	21-10-22	MT
Transcript : Severn Bancorp, Inc. - Shareholder/Analyst Call	21-10-22
Severn Bancorp : Keeps Cash Dividend at $0.05 a Share, Payable Sept. 15 to Shareholders of Record on Sept. 3	21-08-24	MT
Severn Bancorp, Inc. Declares Cash Dividend, Payable on September 15, 2021	21-08-24	CI
Severn Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-07-27	CI
Severn Bancorp, Inc.(NasdaqCM:SVBI) added to Russell Microcap Growth Index	21-06-25	CI
Severn Bancorp, Inc.(NasdaqCM:SVBI) added to Russell 3000E Growth Index	21-06-25	CI
Severn Bancorp, Inc. Announces Dividend, Payable on June 15, 2021	21-05-25	CI
Severn Bancorp : Earnings Flash (SVBI) SEVERN BANCORP Reports Q1 EPS $0.30	21-04-23	MT
Severn Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-04-23	CI
Sector Update: Financial Stocks Losing More Ground Ahead of Thursday Close	21-03-04	MT
Sector Update: Financial Stocks Fall in Afternoon Trading	21-03-04	MT
DJ Industrial : Wall Street in Holding Pattern Pre-Bell, Powell Speech in Focus	21-03-04	MT
DJ Industrial : US Futures Cautiously Lower, Powell Speech Eyed	21-03-04	MT
Shore Bancshares : Unveils $146 Million Merger With Severn Bancorp	21-03-03	MT
Shore Bancshares, Inc. entered into an definitive agreement and plan of merger to acquire Severn Bancorp, Inc. for approximately $150 million.	21-03-02	CI
Severn Bancorp, Inc. Declares a 25% Increase in the Quarterly Cash Dividend to its Shareholders, Payable on March 15, 2021	21-02-24	CI
Severn Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020	21-02-01	CI
Severn Bancorp, Inc. Approves Cash Dividend, Payable on December 15, 2020	20-11-24	CI
Severn Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020	20-10-22	CI
Severn Bancorp, Inc. Announces Cash Dividend, Payable on September 15, 2020	20-08-26	CI
Severn Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-07-24	CI

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Company Profile

Severn Bancorp, Inc. is a savings and loan holding company. The Company conducts business through its subsidiaries, Severn Savings Bank, FSB (the Bank), Mid-Maryland Title Company, Inc., Louis Hyatt, Inc. and SBI Mortgage Company (SBI). The Bank offers a range of deposit products and originates mortgages in its market of Anne Arundel County, Maryland and in other parts of Maryland, Delaware and Virginia. The Bank provides a range of personal and commercial banking services. Personal services include mortgage lending and various other lending services, as well as checking, savings, money market, time deposit and individual retirement accounts, which includes Internet and mobile banking. Commercial services include commercial secured and unsecured lending services, as well as business Internet banking, corporate cash management services and deposit services to commercial customers, including those in the medical-use cannabis industry.

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