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Howard Bancorp: 2Q Earnings Snapshot

July 24, 2019

BALTIMORE (AP) _ Howard Bancorp Inc. (HBMD) on Wednesday reported second-quarter net income of $2.1 million, after reporting a loss in the same period a year earlier.

The bank, based in Baltimore, said it had earnings of 11 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 25 cents per share.

The bank holding company posted revenue of $29 million in the period. Its revenue net of interest expense was $23.2 million, which beat Street forecasts.

Howard Bancorp shares have climbed 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.47, a decline of 20% 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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