Revere Bank Announces Record profits for 2019 – Net Income of $31.70 Million Increased 14.7percent Over 2018’s Record Profits

ROCKVILLE, Md., Jan. 28, 2020 (GLOBE NEWSWIRE) — Revere Bank (the “Bank”) (OTCQX: REVB) today reported quarterly net gain of $8.04 million when it comes to quarter finished December 31, 2019, an 11.4per cent enhance when compared with net gain of $7.21 million for the quarter finished December 31, 2018, and a 2.6% decrease throughout the quarter finished September 30, 2019. Net gain per diluted share that is common 10.2% to $0.65 for the 4th quarter of 2019, in comparison to $0.59 for similar duration in 2018. easy online installment loans in idaho Net gain per fundamental share that is common the 4th quarter of 2019 ended up being $0.67 in comparison to $0.61 for similar duration in 2018, a rise of 9.8per cent. Both diluted and basic profits per share increased mainly because of higher interest income that is net. Set alongside the 3rd quarter of 2019, diluted and fundamental profits per share reduced by 3.0per cent and 2.9%, correspondingly, driven mainly by a lesser interest that is net, a reduction in non-interest earnings, and a rise in salaries and employee advantages expense. Weiterlesen