Severn Bancorp

Banking with Severn Savings Bank is about more than dollars and cents. It is about the relationships, families, futures, and legacies that make up our community. We have made it our mission to enhance this country you call home. A mission we accomplish by reinvesting in the climate, culture, commerce and people of this region; time and time again. Our commitment to serving this area exclusively started in 1980; when we pledged to provide our neighbors the best service for their business, home loan and personal banking needs. Anne Arundel Country residents who recognize this commitment are the reason why Severn Savings Bank is the largest community financial institution in this area. We are always here; for whatever you might need. You are more than just a customer. You are our neighbor.
Company Growth (employees)
Type
Public
HQ
Annapolis, US
Founded
1980
Size (employees)
150 (est)
Severn Bancorp was founded in 1980 and is headquartered in Annapolis, US

Severn Bancorp Office Locations

Severn Bancorp has an office in Annapolis
Annapolis, US (HQ)
200 Westgate Cir

Severn Bancorp Data and Metrics

Severn Bancorp Financial Metrics

Severn Bancorp's revenue was reported to be $8.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

8.9 m

Gross profit (Q1, 2017)

6.9 m

Gross profit margin (Q1, 2017), %

78%

Net income (Q1, 2017)

925 k

EBIT (Q1, 2017)

5.6 m

Market capitalization (18-Aug-2017)

87.3 m

Cash (31-Mar-2017)

83.6 m
Severn Bancorp's current market capitalization is $87.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

33.8 m31.8 m31.2 m37.8 m

Revenue growth, %

(6%)(2%)21%

Cost of goods sold

9.2 m8.6 m9 m8.6 m

Gross profit

24.6 m23.2 m22.2 m29.3 m

Gross profit Margin, %

73%73%71%77%

Sales and marketing expense

703 k

R&D expense

747 k

Operating expense total

1.5 m

EBIT

8.1 m22.4 m22.4 m22.5 m

EBIT margin, %

24%70%72%60%

Pre tax profit

(16.5 m)2.9 m4.6 m

Income tax expense

8.7 m31 k90 k(10 m)

Net Income

(25.2 m)2.9 m4.5 m15.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

8.8 m9.2 m8.8 m10.1 m9.4 m8.7 m9.5 m9.6 m8.9 m

Cost of goods sold

2.1 m2.2 m2.2 m2.2 m2.3 m2.3 m2.1 m2.1 m2 m

Gross profit

6.6 m7.1 m6.6 m7.9 m7.1 m6.5 m7.4 m7.4 m6.9 m

Gross profit Margin, %

76%77%75%78%76%74%78%78%78%

Sales and marketing expense

133 k208 k134 k206 k

Operating expense total

133 k208 k134 k206 k

EBIT

5.7 m5.8 m5.6 m5.4 m5.6 m5.2 m5.4 m5.7 m5.6 m

EBIT margin, %

65%63%63%54%60%60%57%59%63%

Pre tax profit

(576 k)1.1 m866 k1.4 m1.3 m907 k

Income tax expense

20 k1 k35 k52 k619 k

Net Income

(576 k)1.1 m865 k2.2 m3.5 m907 k13.4 m14.4 m925 k
USDFY, 2015FY, 2016

Cash

43.6 m67.1 m

PP&E

24.3 m24 m

Total Assets

762.1 m787.5 m

Accounts Payable

571.9 m

Total Debt

139.1 m124.1 m

Total Liabilities

699.6 m

Preferred Stock

4 k4 k

Additional Paid-in Capital

76.3 m64 m

Retained Earnings

10 m23.8 m

Total Equity

86.5 m87.9 m

Debt to Equity Ratio

1.6 x1.4 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

8.8 x9 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

48.7 m55.4 m53.1 m48.7 m44.5 m83.6 m

PP&E

24.8 m24.6 m24.1 m24 m24.2 m23.8 m

Total Assets

781.9 m774 m765.4 m794.1 m777.8 m798.7 m

Accounts Payable

544.1 m536.6 m524.7 m539.7 m556.6 m593.8 m

Preferred Stock

4 k4 k4 k4 k4 k

Additional Paid-in Capital

76.1 m76.2 m76.5 m77.1 m63.8 m64.1 m

Retained Earnings

8.9 m9.5 m10.3 m22.3 m22.9 m24.6 m

Total Equity

85.1 m85.9 m86.9 m99.5 m86.8 m88.8 m

Financial Leverage

9.2 x9 x8.8 x8 x9 x9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(25.2 m)2.9 m4.5 m15.5 m

Cash From Operating Activities

1.2 m7.6 m

Cash From Investing Activities

29.1 m3.4 m

Cash From Financing Activities

(19.9 m)12.5 m

Interest Paid

8 m11.2 m

Income Taxes Paid

9 k(1.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(576 k)1.1 m865 k2.2 m3.5 m907 k13.4 m14.4 m925 k

Depreciation and Amortization

298 k

Cash From Operating Activities

909 k294 k10 m1.9 m1.9 m7.8 m

Cash From Investing Activities

14.1 m28.9 m(1.5 m)(15.7 m)(5 m)(3.2 m)

Cash From Financing Activities

394 k(7.1 m)962 k18.9 m4 m11.8 m

Interest Paid

4 m6 m2 m7.1 m9.1 m

Income Taxes Paid

(301 k)(298 k)(852 k)52 k
USDY, 2017

Revenue/Employee

59.4 k

Financial Leverage

9 x

Severn Bancorp Market Value History

Traffic Overview of Severn Bancorp

Severn Bancorp Online and Social Media Presence

Severn Bancorp News and Updates

BRIEF-Severn Bank names Paul Susie Chief Financial Officer

* Susie was previously with Hopkins Federal Savings Bank in position of Chief Financial Officer Source text for Eikon: Further company coverage:

Severn Bancorp Company Life and Culture

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