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.

TypePublic
HQEllicott City, US
Founded2005
Size (employees)293 (est)
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

Howard Bancorp's revenue was reported to be $53.52 m in FY, 2016 which is a 60.5% increase from the previous period.
USD

Revenue (Q2, 2018)

45.8m

Gross profit (Q2, 2018)

40.3m

Gross profit margin (Q2, 2018), %

88%

Net income (Q2, 2018)

(8.0m)

EBIT (Q2, 2018)

30.0m

Market capitalization (18-Oct-2018)

285.6m

Closing stock price (18-Oct-2018)

15.0

Cash (30-Jun-2018)

108.0m

EV

494.3m
Howard Bancorp's current market capitalization is $285.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

17.7m23.4m33.3m53.5m

Revenue growth, %

32%43%60%

Cost of goods sold

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

Gross profit

15.8m21.0m30.3m49.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

5.0m5.6m7.5m8.0m9.8m10.9m11.7m12.5m14.1m14.2m14.3m16.0m19.1m45.8m

Cost of goods sold

497.0k515.0k568.0k648.0k659.0k685.0k808.0k969.0k1.2m1.2m1.1m1.2m2.2m5.5m

Gross profit

4.5m5.1m6.9m7.3m9.1m10.2m10.9m11.5m12.9m13.0m13.2m14.8m16.9m40.3m

Gross profit Margin, %

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

Cash

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

Accounts Receivable

Inventories

Goodwill

603.0k603.0k603.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

19.4m25.0m26.6m17.7m28.5m29.0m18.3m55.0m32.8m43.9m48.5m41.8m77.5m108.0m

Goodwill

1.1m603.0k603.0k603.0k603.0k603.0k72.0m71.3m

Total Assets

466.9m508.0m533.5m574.4m710.5m746.9m924.5m990.4m988.8m1.0b1.0b1.1b2.1b2.2b

Accounts Payable

359.9m401.3m422.3m451.9m580.7m575.7m742.8m803.2m798.1m803.8m852.0m854.7m1.5b1.6b
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, 2017Q1, 2018Q2, 2018

Net Income

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

Depreciation and Amortization

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

Cash From Operating Activities

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

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)133.8m85.3m
USDY, 2018

EV/EBIT

16.5 x

EV/CFO

31.9 x

Financial Leverage

7.5 x
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Howard Bancorp Online and Social Media Presence

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Howard Bancorp Company Life and Culture

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