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Howard Bancorp: 3Q Earnings Snapshot

BALTIMORE (AP) _ Howard Bancorp Inc. (HBMD) on Wednesday reported third-quarter net income of $4.6 million.

The bank, based in Baltimore, said it had earnings of 24 cents per share. Earnings, adjusted for non-recurring costs, were 27 cents per share.

The bank holding company posted revenue of $28 million in the period. Its revenue net of interest expense was $22.2 million, which fell short of Street forecasts.

Howard Bancorp shares have risen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.35, an increase of almost 9% 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