Howard Bancorp (HBMD) Tops Q2 EPS by 11c

Howard Bancorp (NASDAQ: HBMD) reported Q2 EPS of $0.27, $0.11 better than the analyst estimate of $0.16.

Mary Ann Scully, Chairman and CEO, commented, “The unprecedented speed and magnitude of the economic downturn facing the Bank, our industry, our customers and our communities has fortunately been matched by an unprecedented level of government support and regulatory flexibility that has bought precious time as we collectively evaluate conditions, prepare health care responses and deal with alacrity to new customer behavior patterns. More importantly it has been matched by consistent demonstrations of the banking industry’s support for their colleagues, customers and communities. This will serve us well as we look to recovery. While there may be no templates for this type of economic instability, we are, as always, able to be guided by the principles that we have followed in this century of more rather than less volatility, uncertainty, complexity and ambiguity.

For earnings history and earnings-related data on Howard Bancorp (HBMD) click here.

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