Partners Bancorp Reports Results of Operations for the Fourth Quarter and Full Year 2022

SALISBURY, Md., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Partners Bancorp (NASDAQ: PTRS) (the “Company”), the parent company of The Bank of Delmarva (“Delmarva”), Seaford, Delaware, and Virginia Partners Bank (“Virginia Partners”), Fredericksburg, Virginia, reported net income attributable to the Company of $4.2 million, or $0.23 per diluted share, for the three months ended December 31, 2022, a $2.8 million or 187.9% increase when compared to net income attributable to the Company of $1.5 million, or $0.08 per diluted share, for the same period in 2021. For the twelve months ended December 31, 2022, the Company reported net income attributable to the Company of $13.6 million, or $0.76 per diluted share, a $6.2 million or 83.7% increase when compared to net income attributable to the Company of $7.4 million, or $0.42 per diluted share, for the same period in 2021.

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