Frederick County Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
January 23, 2018 at 12:04 pm EST
Frederick County Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest income of $3,843,000 against $3,503,000 a year ago. Net interest income was $3,347,000 against $3,146,000 a year ago. Income before provision for income taxes was $869,000 against $184,000 a year ago. Net income was $341,000 against $149,000 a year ago. Diluted earnings per share were $0.22 against $0.10 a year ago.
For the full year, the company reported total interest income of $15,109,000 against $13,853,000 a year ago. Net interest income was $13,320,000 against $12,412,000 a year ago. Income before provision for income taxes was $3,492,000 against $1,785,000 a year ago. Net income was $2,050,000 against $1,257,000 a year ago. Diluted earnings per share were $1.32 against $0.82 a year ago. Net cash provided by operating activities was $2,851,000 against $1,942,000 a year ago.