BUSINESS
By HANAH CHO and HANAH CHO,SUN REPORTER | August 2, 2006
Carrollton Bancorp reported yesterday that its second-quarter earnings were practically wiped out by a $1.2 million after-tax loss from an alleged check-kiting scheme by one of its commercial customers. The community bank said its profit for the three months that ended June 30 decreased 91 percent to $58,000, or 2 cents per diluted share, from $634,000, or 22 cents per diluted share, for the second quarter last year. Still, the bank's second-quarter net income was higher than the company's initial estimate of $18,000 when it first alleged the check-kiting operation last month.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 22, 2000
Despite higher expenses related to a recent acquisition, Columbia Bancorp's profit rose 23.8 percent in the second quarter, spurred by strong gains in lending, the company said yesterday. Columbia made $1.77 million in the quarter that ended June 30, or 25 cents per diluted share, after merger-related expenses, compared with $1.43 million, or 20 cents per diluted share, in the corresponding period a year earlier. Net income before merger-related fees was $1.81 million, or 25 cents per diluted share, 26.6 percent higher than the corresponding quarter last year.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | February 21, 2001
The Rouse Co.'s retail, office and community development units all helped the Columbia-based real estate investment trust finish the year on an up note. Rouse said yesterday that its funds from operations (FFO) in 2000 were $252.6 million, compared with $223.4 million in 1999. That's $3.30 a diluted share, or 17 percent above the $2.82 per diluted share the year before. The FFO in the fourth quarter, which ended Dec. 31, came in at $64.4 million, compared with $57.4 million in the fourth quarter of 1999.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | January 30, 2001
SafeNet Inc., which provides security to companies that do business over the Internet, said yesterday that its fourth-quarter earnings and revenue broke company records. The Baltimore County company reported net income of $2.7 million, or 36 cents per diluted share, for the quarter that ended Dec. 31, compared with a net loss of $643,000, or 11 cents per diluted share, for the corresponding quarter of the previous fiscal year. SafeNet's revenue for the quarter was nearly double that of the 1999 quarter, rising from $4.5 million to $8.9 million.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 19, 2000
First Mariner Bancorp., which has grown swiftly since it was founded five years ago, said yesterday that second-quarter profit fell 21.9 percent because of higher interest rates and expenses. The Baltimore banking company made $189,000 in the second quarter that ended June 30, or 6 cents per diluted share, compared with $242,000, or 7 cents per diluted share, in the corresponding period a year earlier. Profit in the first half of the year fell 45.8 percent to $240,000, or 8 cents per diluted share, compared with $443,000, or 13 cents per diluted share, in the first half of last year.
BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | October 9, 1998
Sodexho Marriott Services Inc., which formed in March, reported a net income loss of $16.9 million for the 22 weeks that ended Aug. 28.Excluding $22 million in merger-related costs, Sodexho Marriott posted an operating profit of $5.1 million, or 8 cents per diluted share, for the period.For the same period last year, the enterprises that now make up Sodexho Marriott posted a net loss of $2.2 million, or 4 cents per diluted share.Bethesda-based Sodexho Marriott was formed seven months ago when Marriott International Inc. completed the spinoff of its lodging, senior living and distribution businesses to its stockholders.