Inactive Instrument

SEVERN BANCORP

SVBI

US81811M1009

Severn Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020

July 24, 2020 at 09:05 pm

Severn Bancorp, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 6.645 million compared to USD 7.845 million a year ago. Net income was USD 1.737 million compared to USD 2.176 million a year ago. For the half year, net interest income was USD 13.400 million compared to USD 15.930 million a year ago. Net income was USD 2.302 million compared to USD 4.785 million a year ago.

Latest news about SEVERN BANCORP

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