Howard Bancorp, Inc. is the holding company for Howard Bank. The Bank's primary market focus is on making loans to and gathering deposits from small and medium size businesses and their owners, professionals and executives, and high-net-worth individuals in our primary market area. Its lending activities consist generally of short to medium term commercial lending, commercial mortgage lending for both owner occupied and investor properties, residential mortgage lending and consumer lending, both secured and unsecured. Howard Bank offers a range of services including wire transfer services, ATM and check cards, safe deposit boxes and credit cards through a third party processor. Additionally, the Bank provides Internet banking capabilities and merchant card services for its business customers.

Employee Rating

3.4More
TypePublic
HQEllicott City, US
Founded2005
Size (employees)300 (est)+3%
Websitehowardbank.com
Howard Bancorp was founded in 2005 and is headquartered in Ellicott City, US
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Key People/Management at Howard Bancorp

Mary Scully

Mary Scully

Chairman, Chief Executive Officer
Robert Kunisch

Robert Kunisch

President
Robert Altieri

Robert Altieri

Executive Vice President, President of the Mortgage Division, Head of Specialty Lending
Steven Poynot

Steven Poynot

Executive Vice President, Chief Administrative Officer
George Coffman

George Coffman

Executive Vice President, Chief Financial Officer, Chief Investment Officer
James Witty

James Witty

Executive Vice President and Chief Commercial Banking Officer
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Howard Bancorp Office Locations

Howard Bancorp has an office in Ellicott City
Ellicott City, US (HQ)
370 6011 University Blvd
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Howard Bancorp Financials and Metrics

Howard Bancorp Revenue

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Howard Bancorp's revenue was reported to be $62.55 m in FY, 2017
USD

Revenue (Q3, 2018)

26.3m

Gross profit (Q3, 2018)

22.5m

Gross profit margin (Q3, 2018), %

85.6%

Net income (Q3, 2018)

4.0m

EBIT (Q3, 2018)

18.6m

Market capitalization (15-Jan-2019)

293.1m

Closing stock price (15-Jan-2019)

15.4

Cash (30-Sep-2018)

101.7m

EV

419.4m
Howard Bancorp's current market capitalization is $293.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

19.0m23.4m45.3m53.5m62.6m

Revenue growth, %

32%43%60%

Cost of goods sold

1.9m2.4m3.1m4.6m5.2m

Gross profit

17.1m21.0m42.2m49.0m57.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

5.0m5.6m7.5m8.0m9.8m10.9m11.7m12.5m14.1m14.2m14.3m16.0m16.2m19.1m26.8m26.3m

Cost of goods sold

497.0k515.0k568.0k648.0k659.0k685.0k808.0k969.0k1.2m1.2m1.1m1.2m1.4m2.2m3.3m3.8m

Gross profit

4.5m5.1m6.9m7.3m9.1m10.2m10.9m11.5m12.9m13.0m13.2m14.8m14.9m16.9m23.5m22.5m

Gross profit Margin, %

90%91%92%92%93%94%93%92%92%92%92%92%92%88%88%86%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

35.7m24.5m38.3m39.4m29.0m

Accounts Receivable

Inventories

Goodwill

603.0k603.0k603.0k
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.0m10.4m1.1m5.3m7.2m

Depreciation and Amortization

599.0k734.0k1.0m1.2m1.3m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

1.4m266.0k1.0m1.2m649.0k1.4m655.0k960.0k2.6m4.3m1.6m3.6m5.3m(5.7m)(8.0m)(4.0m)

Depreciation and Amortization

441.0k174.0k351.0k537.0k213.0k446.0k712.0k305.0k613.0k927.0k317.0k665.0k974.0k490.0k1.2m1.8m

Cash From Operating Activities

2.8m(12.3m)(23.1m)(30.9m)(8.3m)(24.5m)(21.9m)10.7m1.7m7.9m21.2m2.2m4.4m(3.0m)15.5m46.0m

Cash From Investing Activities

(48.2m)(6.4m)(18.0m)(41.1m)(7.2m)(27.9m)(16.0m)(37.2m)(47.8m)(67.1m)(30.6m)(73.1m)(92.0m)133.8m85.3m78.3m
USDY, 2018

EV/EBIT

22.5 x

EV/CFO

9.1 x

Debt/Equity

0.8 x

Debt/Assets

0.1 x

Financial Leverage

7.3 x
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Howard Bancorp Online and Social Media Presence

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Howard Bancorp Blogs

Holiday Hours

All branches and offices will be closing at 1 p.m. on Christmas Eve , Monday, 12/24/18, and closed on Christmas Day, Tuesday, 12/25/18.

Howard Bancorp Company Life and Culture

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Howard Bancorp Frequently Asked Questions

  • When was Howard Bancorp founded?

    Howard Bancorp was founded in 2005.

  • Who are Howard Bancorp key executives?

    Howard Bancorp's key executives are Mary Scully, Robert Kunisch and Robert Altieri.

  • How many employees does Howard Bancorp have?

    Howard Bancorp has 300 employees.

  • What is Howard Bancorp revenue?

    Latest Howard Bancorp annual revenue is $62.6 m.

  • What is Howard Bancorp revenue per employee?

    Latest Howard Bancorp revenue per employee is $208.5 k.

  • Who are Howard Bancorp competitors?

    Competitors of Howard Bancorp include United Business Bank, Fifth Third Bancorp and BSB Bancorp.

  • Where is Howard Bancorp headquarters?

    Howard Bancorp headquarters is located at 370 6011 University Blvd, Ellicott City.

  • Where are Howard Bancorp offices?

    Howard Bancorp has an office in Ellicott City.

  • How many offices does Howard Bancorp have?

    Howard Bancorp has 1 office.