First Mariner delays 4Q earnings report

The Baltimore Sun

First Mariner Bancorp said it expects to release its fourth-quarter earnings report by mid-February. The Baltimore-based bank traditionally has released its year-end earnings in late January.

Executive Vice President Dennis Finnegan said yesterday that First Mariner wanted to make sure that bank officials and external auditors have adequate time to review data and reports.

First Mariner has suffered a string of quarterly losses during the past year stemming from bad real estate and construction loans and an investment in Washington Mutual, seized by regulators last year.

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