Revere Bank announced its 2018 and fourth-quarter financials in a letter to shareholders. The financials indicated a strong fourth-quarter performance by the bank, including growth in loans, core net income and deposits.
- Net income increased 69.8 percent compared with the fourth quarter last year.
- Loans grew 4.4percent linked quarter and increased 14.9 percent since last year.
- Deposits grew 7.1 percent linked quarter and increased 16.4percent since last year.
“We are proud of our growth and increased earnings especially when comparing pre-tax net income, the best apples-to-apples comparison of our year-over-year performance. We continue to be optimistic about our future,” said Ken Cook and Drew Flott, Revere Bank co-presidents and CEOs.
Read the entire shareholder report here.
About Revere Bank
Revere Bank is a community bank with more than $2 billion in assets. Established in 2007, Revere Bank specializes in serving business clients throughout the I-270 and Baltimore -Washington corridors. Led by a team of experienced bankers with extensive local market knowledge, Revere Bank provides creative financing and unparalleled service to meet each client’s unique needs. And even with our recent expansion, we're still your community bank making local decisions to improve the communities we serve and now have more resources to make our customers even more successful. Headquartered in Maryland, Revere Bank has locations in Anne Arundel, Baltimore, Frederick, Howard, Montgomery and Prince George’s counties. We do everything we can to say yes to you – because we’re committed to your success. For more information, visit reverebank.com. Connect with us on Facebook, LinkedIn and Twitter.
