Howard Bancorp: 1Q Earnings Snapshot

BALTIMORE (AP) _ Howard Bancorp Inc. (HBMD) on Tuesday reported first-quarter net income of $4.3 million, after reporting a loss in the same period a year earlier.

The Baltimore-based bank said it had earnings of 22 cents per share.

The bank holding company posted revenue of $27.3 million in the period. Its revenue net of interest expense was $22 million, beating Street forecasts.

Howard Bancorp shares have risen slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.33, a decline of 26 percent in the last 12 months.



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