Howard Bancorp (HBMD) Misses Q1 EPS by 4c

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Go back to Howard Bancorp (HBMD) Misses Q1 EPS by 4c

Howard Bancorp, Inc. Reports First Quarter 2020 Results and COVID-19 Pandemic Response

April 29, 2020 4:50 PM EDT

BALTIMORE--(BUSINESS WIRE)-- Howard Bancorp, Inc. (NASDAQ: HBMD) (Howard Bancorp or the Company), the parent company of Howard Bank (Howard Bank or the Bank), today reported its financial results for the quarter ended March 31, 2020.

Net Income and Earnings per Share (EPS)

First quarter 2020 net income was $3.3 million, or $0.18 per both basic and diluted common share. First quarter results include the impact of an increase in the allowance for credit losses (provision for credit losses in excess of net charge-offs) of $3.0 million, or ($0.12) per both basic and diluted common... More