Ellicott City-based Howard Bancorp Inc. announces loss
Apr 23, 2007 3:00 AM (961 days ago)
by
Kate Prahlad, The Examiner
Ellicott City
(
Map,
News)
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Howard Bancorp Inc., the parent company of Howard Bank, announced a net loss of $116,000 in the first three months of 2007. It still was a substantial improvement of nearly 50 percent compared with the $230,000 loss incurred in 2006’s final quarter. Revenues rose 41 percent in 2007’s first quarter compared with the same period last year. First-quarter revenue growth outpaced the 19 percent increase in first-quarter expenses. Total assets grew to $158.4 million, and total loans increased by 71 percent. As of Friday, Howard Bancorp Inc. traded at $14, unchanged.
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