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What is First Mariner Bancorp Q3 2012 Financial Results about?

- First Mariner Bancorp reported net income of $7.9 million for Q3 2012 compared to a net loss of $7.9 million in Q3 2011. For the first nine months of 2012, net income was $15.4 million compared to a net loss of $26.3 million for the same period in 2011. - Improved results were driven by higher non-interest income from record mortgage originations, increased net interest income, lower loan charge-offs and credit costs, and reduced operating expenses. - Credit costs declined significantly from $8.2 mill

Author

Anonymous Feglbx5

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EN