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-0.00787401574803133 -0.00787401574803133 -0.00787401574803133 -0.00787401574803133 -0.00787401574803133 0.0018346456692914 0.0018346456692914 0.0018346456692914
Stock impact report

Bay Bancorp, Inc. Announces Year and Fourth Quarter 2017 Results

BAY BANCORP (BYBK) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/100599
Company Research Source: GlobeNewswire
COLUMBIA, Md., Jan. 31, 2018 (GLOBE NEWSWIRE) -- Bay Bancorp, Inc. (“Bay”) (NASDAQ:BYBK), the savings and loan holding company for Bay Bank, FSB (“Bank”), announced today net income of $4.8 million, or $0.46 per basic common share and $0.45 per diluted common share, for the year ended December 31, 2017, compared to $2.0 million, or $0.16 per basic common share and diluted common share, for the year ended December 31, 2016. For the fourth quarter ended December 31, 2017, net income decreased to $0.5 million, or $0.04 per basic common share and $0.04 per diluted common share, over the $0.8 million, or $0.07 per basic common share and $0.07 per diluted common share, reported for the fourth quarter of 2016. Net income results were decreased this quarter due to a $0.7 million increase in income tax expense related to the revaluation of our deferred tax assets and liabilities upon the enactment of the Tax Cuts and Jobs Act signed into law on December 22, 2017 and a $0.3 million increase Show less Read more
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