Severn Bancorp sees jump in Q2 earnings

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Annapolis-based Severn Bancorp Inc., parent company of Severn Bank, announced Monday net income of $2.2 million for the three months ending June 30 versus $1.9 million for the same quarter in 2018.  On a diluted per share basis, earnings were $0.17 versus $0.15 for the quarters ending June 30, 2019 and 2018, respectively. Net income for the six months ending June 30 was $4.8 million versus $3.8 million for June 30, 2018, an increase of ...

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