Howard Bancorp (HBMD) Misses Q3 EPS by 3c
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Howard Bancorp, Inc. Reports Third Quarter 2018 Results
October 24, 2018 7:30 AM EDTCompany Reports Improved Earnings, Loan Growth and Funding Remix
BALTIMORE--(BUSINESS WIRE)-- Howard Bancorp, Inc. (Nasdaq: HBMD), the parent company of Howard Bank, reported its financial results for the quarter ending September 30, 2018. A summary of results for and other developments during the quarter ended September 30, 2018 is as follows:
Net income equaled $3.98 million and earnings per basic share (EPS) was $0.21 as the company experienced lower operating and merger related expenses. Third quarter sequential loan growth equaled 1% reflecting our focus on growth in commercial and industrial loans (increasing 3.8%)... More