Howard Bank

Howard Bank is a full service commercial bank focused on making a difference in the communities within Greater Baltimore which we serve. We have grown from a smart idea to a full service community bank. Historically, the bank has focused on combining high touch outreach with expert advice and a broad array of commercial services for growing small and medium sized businesses. We understand the challenges and opportunities facing a growing business like yours because we are one. First, we listen and then we respond with financial solutions that make sense. Having local decision makers allows us to act quickly. Having experienced, knowledgeable bankers allows us to put together solutions to meet our customers’ needs. Howard Bancorp is a bank holding company with total assets of$947 million at December 31, 2015. Its principal operating subsidiary, Howard Bank is a locally owned and managed, growth-focused community bank serving small and midsized businesses, professionals and individuals in the Greater Baltimore area through a network of full service branches. Howard Bank is a wholly owned subsidiary of Howard Bancorp (NASDAQ: HBMD).
Ellicott City, US
Size (employees)
214 (est)
Howard Bank is headquartered in Ellicott City, US

Howard Bank Office Locations

Howard Bank has an office in Ellicott City
Ellicott City, US (HQ)
370 6011 University Blvd

Howard Bank Data and Metrics

Howard Bank Financial Metrics

Howard Bank's revenue was reported to be $53.5 m in FY, 2016 which is a 60% increase from the previous period.

Revenue (FY, 2016)

53.5 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

49 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

5.3 m

EBIT (FY, 2016)

34.2 m

Market capitalization (20-Jul-2017)

194.3 m

Closing share price (20-Jul-2017)


Cash (31-Dec-2016)

39.4 m


282.5 m
Howard Bank's current market capitalization is $194.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


17.7 m23.4 m33.3 m53.5 m

Revenue growth, %


Cost of goods sold

1.9 m2.4 m3.1 m4.6 m

Gross profit

15.8 m21 m30.3 m49 m

Gross profit Margin, %


Operating expense total

13.2 m23.7 m38.3 m38.7 m


15.8 m21 m30.3 m34.2 m

EBIT margin, %


Interest income

15.8 m21 m30.3 m34.2 m

Pre tax profit

2.9 m17.3 m2.1 m8.2 m

Income tax expense

984 k6.9 m973 k2.9 m

Net Income

2 m10.4 m1.1 m5.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


35.7 m24.5 m38.3 m39.4 m


603 k603 k

Total Assets

499.9 m691.4 m946.8 m1 b

Accounts Payable

808.7 m

Total Debt

61.7 m67.6 m98.8 m127.6 m

Total Liabilities

941.2 m

Additional Paid-in Capital

37.6 m38.4 m70.6 m71 m

Retained Earnings

(1.6 m)9.7 m14.8 m

Total Equity

92.9 m85.8 m

Debt to Equity Ratio

1.1 x1.5 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x

Financial Leverage

10.2 x12 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2 m10.4 m1.1 m5.3 m

Depreciation and Amortization

599 k734 k1 m1.2 m

Cash From Operating Activities

740 k(31.1 m)(7.4 m)2.8 m

Cash From Investing Activities

(62.6 m)11.4 m(33.8 m)(79.2 m)

Long-term Borrowings

(8 m)(9 m)(9 m)(12 m)

Cash From Financing Activities

61.3 m8.5 m55 m77.4 m
USDY, 2016


8.3 x


99.5 x


250.1 k


1.5 x


0.1 x

Financial Leverage

12 x

Howard Bank Market Value History

Howard Bank Online and Social Media Presence

Howard Bank Company Life and Culture

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