4th Quarter Net Income Tops $1 Million at Annapolis Bancorp; Record Full-Year Earnings Approach $3 Million.
Business Wire (February 10, 2006)
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4th Quarter Net Income Tops $1 Million at Annapolis Bancorp; Record Full-Year Earnings Approach $3 Million.
ANNAPOLIS, Md. -- Quarterly earnings at Annapolis Bancorp, Inc. (NASDAQ:ANNB), parent company of BankAnnapolis, exceeded $1 million for the first time in Company history, Chairman and CEO Richard M. Lerner announced today.
For the three months ended December 31, 2005, the Company posted net income of $1.01 million ($0.25 per basic and $0.24 per diluted share), a 33.9% increase over 4th quarter net income of $755,000 ($0.19 per basic and $0.18 per diluted share) in 2004. Net income for the year ended December 31, 2005 totaled $2.98 million ($0.73 per basic and $0.71 per diluted share), up 37.2% from 2004 net income of $2.17 million ($0...Try vLex for FREE for 3 days
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