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Howard Bancorp posts 1Q profit

ELLICOTT CITY, Md. (AP) _ Howard Bancorp Inc. (HBMD) on Thursday reported net income of $1.6 million in its first quarter.

The Ellicott City, Maryland-based bank said it had earnings of 18 cents per share.

The bank holding company posted revenue of $14.3 million in the period. Its adjusted revenue was $13.2 million.

Howard Bancorp shares have increased 24 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.75, an increase of 53 percent in the last 12 months.

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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

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