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 Metrics

Howard Bank Financial Metrics

Revenue (2016)

$53.5 m

Revenue growth (2015-16), %


Gross profit

$49 m

Gross profit margin (2016), %


Net income (2016)

$5.3 m

Market capitalization (21-Mar-2017)

$124.8 m

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$39.4 m
Howard Bank's current market capitalization is $124.8 m.
Howard Bank's revenue was reported to be $53.5 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016


$17.7 m$23.4 m$33.3 m$53.5 m

Revenue growth, %


Cost of goods sold

$1.9 m$2.4 m$3.1 m$4.6 m

Gross profit

$15.8 m$21 m$30.3 m$49 m

Gross profit Margin, %


Operating expense total

$13.2 m$23.7 m$38.3 m$38.7 m


$15.8 m$21 m$30.3 m$34.2 m

EBIT margin, %


Interest income

$15.8 m$21 m$30.3 m$34.2 m

Pre tax profit

$2.9 m$17.3 m$2.1 m$8.2 m

Income tax expense

$984 k$6.9 m$973 k$2.9 m

Net Income

$2 m$10.4 m$1.1 m$5.3 m
FY, 2013FY, 2014FY, 2015FY, 2016


$35.7 m$24.5 m$38.3 m$39.4 m

Accounts Receivable



$603 k$603 k

Total Assets

$499.9 m$691.4 m$946.8 m$1 b

Accounts Payable

Total Debt

$61.7 m$67.6 m$98.8 m$127.6 m

Additional Paid-in Capital

$37.6 m$38.4 m$70.6 m$71 m

Retained Earnings

($1.6 m)$9.7 m$14.8 m

Total Equity

$92.9 m$85.8 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
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$2 m$10.4 m$1.1 m$5.3 m

Depreciation and Amortization

$599 k$734 k$1 m$1.2 m

Accounts Receivable


Accounts Payable

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)

Howard Bank Market Value History

Howard Bank Online Presence

Howard Bank Company Life

You may also be interested in