More News

United Therapeutics of Silver Spring reported its third-quarter profit grew to $11.9 million from $11.0 million in the prior-year quarter. Revenues rose to $97.2 million from $75.0 million.

Sports apparel maker Under Armour of Baltimore reported its third-quarter profit rose to $26.2 million from $25.7 million in the prior-year quarter. Sales grew to $269.5 million from $231.9 million.

Washington Real Estate Investment Trust of Rockville reported its third-quarter profit grew to $9.6 million from $4.6 million in the prior-year quarter. Revenues rose to $75.6 million from $69.8 million. Funds from operations grew to $28.0 million from $26.1 million.

Howard Bancorp of Ellicott City, parent of Howard Bank, reported its third-quarter profit fell to $57,000 from $148,000 in the prior-year quarter. Federal Deposit Insurance Corp. premiums rose $91,000 to more than $127,000. Also, its provision for loan losses grew to $361,000 from $232,000 a year earlier.

Patapsco Bancorp of Baltimore, parent of Patapsco Bank, reported its profit fell to $56,000 for the quarter ended Sept. 30 from $189,000 in the prior-year quarter. Its provision for loan losses grew 58 percent to $394,000 from a year earlier.

WSB Holdings of Bowie, parent of Washington Savings Bank, reported a third-quarter net loss of $4.4 million, compared with a net loss of $1.1 million in the prior-year quarter. The bank allocated $6.6 million more to its allowance for loan losses in the quarter.

Shore Bancshares of Easton reported its third-quarter profit fell to $2 million from $3.1 million in the prior-year quarter. The company added $1.7 million to its provision for loan losses. Shore Bancshares owns The Talbot Bank of Easton, The Centreville National Bank of Maryland and The Felton Bank, plus several insurance and other companies.

Asset manager T. Rowe Price Group of Baltimore reported its third-quarter profit fell to $132.9 million from $152.8 million in the prior-year quarter. Revenues fell to $499.1 million from $555.9 million. During the quarter, assets under management rose to $366.2 billion from $315.6 billion.

Prosthetics provider Hanger Orthopedic Group of Bethesda reported its third-quarter profit rose to $9.6 million from $7.3 million in the prior-year quarter. Sales grew to $192.3 million from $178.7 million.

Cybersecurity provider Sourcefire of Columbia reported a third-quarter profit of $2.7 million, versus a net loss of $1.7 million in the prior-year quarter. Revenues grew to $27.4 million from $20.3 million.

Omega Healthcare Investors of Hunt Valley, a real estate investment trust that specializes on the long-term care industry, reported its third-quarter profit fell to $21.1 million from $28.1 million in the prior-year quarter. Revenues fell to $49.8 million from $60.0 million. Funds from operations rose to $30.0 million from $23.9 million.

Corporate Office Properties Trust of Columbia reported its third-quarter profit grew to $15.5 million from $13.8 million in the prior-year quarter. Revenues rose to $200.2 million from $191.1 million. Funds from operations grew to $42.4 million from $39.5 million.

Glen Burnie Bancorp reported third quarter 2009 net income of $527,000, compared to a net loss of $2.1 million for the prior-year quarter. For the nine months ending September 30, net income was $1.47 million as compared to net loss of $978,000 for the same period in 2008.