Company Quick10K Filing
Howard Bancorp
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-03-16
10-Q 2019-09-30 Filed 2019-11-08
10-Q 2019-06-30 Filed 2019-08-09
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-15
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-15
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-03-16
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-06-30 Filed 2016-08-15
10-Q 2016-03-31 Filed 2016-05-12
10-K 2015-12-31 Filed 2016-03-30
10-Q 2015-09-30 Filed 2015-11-16
10-Q 2015-06-30 Filed 2015-08-13
10-Q 2015-03-31 Filed 2015-05-14
10-K 2014-12-31 Filed 2015-03-27
10-Q 2014-09-30 Filed 2014-11-13
10-Q 2014-06-30 Filed 2014-08-13
10-Q 2014-03-31 Filed 2014-05-14
10-K 2013-12-31 Filed 2014-03-27
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-05-15
10-K 2012-12-31 Filed 2013-03-27
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-14
10-Q 2012-03-31 Filed 2012-06-27
8-K 2020-04-29 Earnings, Regulation FD, Exhibits
8-K 2020-04-22 Officers
8-K 2020-03-28 Officers, Exhibits
8-K 2020-02-06 Officers, Regulation FD, Exhibits
8-K 2020-01-21 Earnings, Regulation FD, Exhibits
8-K 2019-10-23 Earnings, Regulation FD, Exhibits
8-K 2019-07-24 Earnings, Regulation FD, Exhibits
8-K 2019-05-22 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-04-23 Earnings, Regulation FD, Exhibits
8-K 2019-01-30 Regulation FD, Exhibits
8-K 2019-01-30 Earnings, Exhibits
8-K 2018-12-06 Enter Agreement, Off-BS Arrangement, Regulation FD, Other Events, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-10-24 Regulation FD, Exhibits
8-K 2018-09-05 Regulation FD, Exhibits
8-K 2018-07-31 Regulation FD, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-06-15 Officers, Exhibits
8-K 2018-05-23 Shareholder Vote
8-K 2018-04-30 Earnings, Exhibits
8-K 2018-02-26 M&A, Officers, Regulation FD, Exhibits
8-K 2018-01-24 Amend Bylaw, Exhibits
8-K 2018-01-22 Earnings, Exhibits

Howard Bancorp Financials

HBMD Metrics, Comps, Filings

Quarterly | Annual

Business

Howard Bank is a Maryland-chartered trust company that was formed in March 2004 and commenced banking operations in August 2004. Howard Bank has currently chosen not to seek and exercise trust powers, and our business, powers and regulatory structure are the same as a Maryland-chartered commercial bank. The Bank is subject to regulation, supervision and regular examination by the Maryland Office of the Commissioner of Financial Regulation (the “Commissioner”) and the Federal Deposit Insurance Corporation (“FDIC”), and our deposits are insured by the FDIC. The Bank has seven subsidiaries; six are intended to hold foreclosed real estate (three of which are inactive) and one owns and manages real estate that is used as a branch location that also has office and retail space.

Howard Bank is headquartered in Baltimore City, Maryland. We consider our primary market area to be the Greater Baltimore metropolitan area. We engage in a general commercial banking business, making various types of loans and accepting deposits. We market our financial services to small-and medium-sized businesses and their owners, professionals and executives, and high-net-worth individuals. Our loans are primarily funded by core deposits of customers in our market.

Our core business strategy involves driving organic growth by delivering advice and superior customer service to clients through local decision makers. We combine the Bank's specialized focus on both local markets and small- and medium-sized business related market segments with a broad array of products, new technology and seasoned banking professionals to position the Bank differently from most competitors. Our experienced executives establish a relationship with each client and bring value to all phases of a client's business and personal banking needs. To develop this strategy, we have established long-standing relationships with key customers in the community and with local business leaders who can create business opportunities.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
West Bancorporation (WTBA) 357 5.8 1% 2,457 2,253 0 0 28 66 380
Macatawa Bank (MCBC) 355 8.6 1% 2,144 1,933 0 0 31 46 396
Citizens & Northern (CZNC) 354 9.0 1% 1,643 1,400 0 0 20 33 303
Metropolitan Bank Holding (MCB) 349 -1.2 1% 3,243 2,952 0 0 29 75 -87
Spirit of Texas Bancshares (STXB) 347 6.9 1% 1,960 1,663 0 0 17 39 270
Peoples Financial Services (PFIS) 340 7.0 1% 2,373 2,077 0 0 27 48 342
Business First Bancshares (BFST) 337 0% 6.7 1% 2,221 1,940 3 0 18 41 273
Summit Financial Group (SMMF) 329 4.8 1% 2,324 2,081 0 0 24 57 277
Penns Woods Bancorp (PWOD) 327 8.5 1% 1,673 1,518 0 0 13 32 269
BSB Bancorp (BLMT) 323 2.5 1% 3,030 2,828 0 0 23 71 179
Howard Bancorp (HBMD) 312 0% 9.3 0% 2,293 1,985 2 0 11 36 340
SmartFinancial (SMBK) 305 2.8 1% 2,390 2,084 0 0 20 48 134
Marlin Business Services (MRLN) 300 0% 2.7 2% 1,247 1,039 12 0 25 59 160
First Bancorp (FNLC) 299 5.1 1% 2,033 1,825 0 0 25 57 288
Central Valley Community Bancorp (CVCY) 293 8.9 1% 1,584 1,351 0 0 17 28 250
CapStar Financial (CSTR) 281 0% 2.7 1% 2,034 1,766 7 0 16 47 127
Pacific City Financial (PCB) 276 0% 2.3 2% 1,699 1,475 2 0 27 66 154
Mutualfirst Financial (MFSF) 276 5.9 1% 2,074 1,852 0 0 17 41 244
Southern First Bancshares (SFST) 275 0% 3.1 1% 2,202 2,003 8 0 21 45 140
Reliant Bancorp (RBNC) 270 0% 6.0 1% 1,852 1,633 1 0 16 37 219

Balance Sheet ($MM)2012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash2118363524193625271811239
Accounts Receivable
Inventory
PP&E1010129910141112121612162025212020262020202651525053454343
Assets3563684024074154675005085345746917107479249479909891,0151,0271,0491,1041,1331,1502,1252,1822,1532,2672,2512,2962,293
Accounts Payable
Long-Term Debt66121422181622241919202828303639272197719731281281441282828
Liabilities3193223553603674194514594845246326506628328548969069309419239761,0021,0181,8331,8931,8601,9721,9501,9921,985
Stockholders' Equity37464747484849495050606085929394838586126128130132292289294295301304309
Income Statement ($MM)2012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue11111
Cost of Revenue
Gross Profit
R&D
SG&A00000000101111111111111111001
Tax0000000000600-0001111211-2-110112
Net Income0000101010911-1012212222-6-24425
Cash Flow ($MM)2012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating2-0102-12-11-8-0-8-1631411-96-821-1913-319311-2-2
Cash Investing-16-14-7-19-22-6-12-2340-7-2112-18-37-11-19-12-31-43-51134-49-734-13-40
Cash Financing1233571682422-461937-252343-32413185516-8260-30-3942-8