WALDORF, Md. (AP) _ The Community Financial Corp. (TCFC) on Tuesday reported first-quarter profit of $2.7 million.
The Waldorf, Maryland-based bank said it had earnings of 47 cents per share.
The holding company for Community Bank of the Chesapeake posted revenue of $20.2 million in the period. Its revenue net of interest expense was $16.5 million, exceeding Street forecasts.
Community Financial shares have dropped 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.47, a fall of 29% in the last 12 months.