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Howard Bancorp: 1Q Earnings Snapshot

BALTIMORE (AP) _ Howard Bancorp Inc. (HBMD) on Monday reported a first-quarter loss of $5.7 million, after reporting a profit in the same period a year earlier.

The Baltimore-based bank said it had a loss of 43 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 14 cents per share.

The bank holding company posted revenue of $19.1 million in the period. Its adjusted revenue was $16.9 million.

Howard Bancorp shares have declined 14 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $19, a climb of slightly more than 1 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBMD at https://www.zacks.com/ap/HBMD