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.

Type
Public
HQ
Ellicott City, US
Founded
2005
Size (employees)
293 (est)
Howard Bancorp was founded in 2005 and is headquartered in Ellicott City, US
Report incorrect company information

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
Show more

Howard Bancorp Office Locations

Howard Bancorp has an office in Ellicott City
Ellicott City, US (HQ)
370 6011 University Blvd
Show all (1)
Report incorrect company information

Howard Bancorp Financials and Metrics

Howard Bancorp Financials

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 (Q1, 2018)

19.1 m

Gross profit (Q1, 2018)

16.9 m

Gross profit margin (Q1, 2018), %

88.4%

Net income (Q1, 2018)

(5.7 m)

EBIT (Q1, 2018)

12.1 m

Market capitalization (22-Jun-2018)

365.6 m

Closing share price (22-Jun-2018)

19.3

Cash (31-Mar-2018)

77.5 m

EV

560 m
Howard Bancorp's current market capitalization is $365.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

17.7 m23.4 m33.3 m53.5 m

Revenue growth, %

32%43%60%

Cost of goods sold

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

Gross profit

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

Revenue

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

Cost of goods sold

497 k515 k568 k648 k659 k685 k808 k969 k1.2 m1.2 m1.1 m1.2 m2.2 m

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

Inventories

Goodwill

603 k603 k603 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

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

Goodwill

1.1 m603 k603 k603 k603 k603 k72 m

Total Assets

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

Accounts Payable

359.9 m401.3 m422.3 m451.9 m580.7 m575.7 m742.8 m803.2 m798.1 m803.8 m852 m854.7 m1.5 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

599 k734 k1 m1.2 m1.3 m

Inventories

Accounts Payable

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

Net Income

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

Depreciation and Amortization

441 k174 k351 k537 k213 k446 k712 k305 k613 k927 k317 k665 k490 k

Cash From Operating Activities

2.8 m(12.3 m)(23.1 m)(30.9 m)(8.3 m)(24.5 m)(21.9 m)10.7 m1.7 m7.9 m21.2 m2.2 m(3 m)

Cash From Investing Activities

(48.2 m)(6.4 m)(18 m)(41.1 m)(7.2 m)(27.9 m)(16 m)(37.2 m)(47.8 m)(67.1 m)(30.6 m)(73.1 m)133.8 m
USDY, 2018

EV/EBIT

46.1 x

EV/CFO

-184.3 x

Financial Leverage

7.3 x
Show all financial metrics
Report incorrect company information

Howard Bancorp Online and Social Media Presence

Embed Graph
Report incorrect company information