Howard Bancorp (HBMD) Tops Q2 EPS by 11c

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Go back to Howard Bancorp (HBMD) Tops Q2 EPS by 11c

Howard Bancorp, Inc. Reports Second Quarter 2020 Results

July 27, 2020 4:01 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 June 30, 2020.

Net Loss and Loss per Share

The Company reported a net loss for the second quarter 2020 of $29.4 million, or a $1.57 loss per both basic and diluted common share due to the recording of a goodwill impairment charge of $34.5 million (or -$1.84 per basic and diluted common share). The goodwill impairment charge is a non-cash... More