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Hamilton Bancorp posts third-quarter profit
//February 3, 2015
Hamilton Bancorp Inc. reported on Tuesday a net income of $78,000, or 2 cents per share, for the three-month period ending Dec. 31 — up 6 cents per share from its net loss of $147,000 in the third quarter of 2013.
The Towson-based parent company of Hamilton Bank posted a net loss of $173,000 for the nine months ending Dec. 31 — an improvement from the $629,000 net loss reported for the same period the previous year. The company cited a $1.15 million decrease in the provision for loan loss as a reason for the improvement.
“Our positive performance during the third quarter of 2014 is a direct reflection of the extended leadership team’s hard work and dedication,” said president and CEO Robert DeAlmeida in a statement. “Looking forward, we continue to make appropriate adjustments to our service offerings as we continue to respond to the unique needs of our market.”
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