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Old Line Bancshares: 4Q Earnings Snapshot

BOWIE, Md. (AP) _ Old Line Bancshares Inc. (OLBK) on Wednesday reported fourth-quarter profit of $10.2 million.

The bank, based in Bowie, Maryland, said it had earnings of 59 cents per share.

The financial holding company posted revenue of $35.2 million in the period. Its revenue net of interest expense was $28.3 million, falling short of Street forecasts.

For the year, the company reported profit of $27.2 million, or $1.71 per share. Revenue was reported as $101.9 million.

Old Line Bancshares shares have climbed 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28.99, a decrease of slightly more than 6 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OLBK at https://www.zacks.com/ap/OLBK