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

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 for the quarter finished December 31, 2019, an 11.4per cent enhance when compared with net gain of $7.21 million when it comes to 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 when it comes to 4th quarter of 2019, in comparison to $0.59 for similar duration in 2018. Net gain per basic share that is common the 4th quarter of 2019 ended up being $0.67 when compared with $0.61 for similar duration in 2018, a growth of 9.8per cent.

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