HYATTSVILLE, Md. -- Maryland Federal Bancorp said it earned $2.9 million, or 88 cents a share, in the three months ended Nov. 30.
The thrift's results improved by 7 1 % from $1.7 million, or 51 cents a share, a year earlier.
For the nine months of its fiscal year, Maryland Federal increased its net by 74%, to $7.4 million, while per-share earnings rose to $2.26 from $1.32.
The quarterly results included provisions for loan losses of $319,000, versus $520,000 a year earlier, while gains on sales of first-mortgage loans dropped to $167,000 from $252,000. Net interest income jumped to $7.6 million from $5.6 million.