Howard Financial Statements From 2010 to 2022

HBMD -  USA Stock  

USD 23.30  0.49  2.06%

Howard Bancorp financial statements provide useful quarterly and yearly information to potential Howard Bancorp MD investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Howard Bancorp financial statements helps investors assess Howard Bancorp's valuation, profitability, and current liquidity needs.
There are over eighty-one available fundamental trends for Howard Bancorp MD, which can be analyzed over time and compared to other ratios. Please make sure to confirm all of Howard Bancorp's regular performance against the performance from 2010 to 2022 to make sure the company is sustainable down the road.
Howard Bancorp Average Equity is projected to increase significantly based on the last few years of reporting. The past year's Average Equity was at 340.05 Million. The current year Free Cash Flow is expected to grow to about 74.8 M, whereas Revenue Per Employee is forecasted to decline to about 296.5 K.

Howard Financial Statements 

 
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Check Howard Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Howard main balance sheet or income statement drivers, such as Gross Profit of 73.1 M, Operating Expenses of 111 M or Preferred Dividends Income Statement Impact of 194.4 K, as well as many exotic indicators such as Calculated Tax Rate of 36.11, PPandE Turnover of 2.24 or Cash and Equivalents Turnover of 1.05. Howard financial statements analysis is a perfect complement when working with Howard Bancorp Valuation or Volatility modules. It can also supplement various Howard Bancorp Technical models. Please check the analysis of Howard Bancorp Correlation against competitors.

Howard Bancorp Revenues

73.1 MillionShare

Howard Bancorp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets3.1 B2.9 B1.4 B
Increasing
Slightly volatile
Cash and Equivalents75.7 M85.8 M54.4 M
Increasing
Slightly volatile
Investments2.8 B2.6 B1.3 B
Increasing
Slightly volatile
Deposit Liabilities2.5 B2.3 B1.1 B
Increasing
Slightly volatile
Property Plant and Equipment Net38.3 M47.3 M25.1 M
Increasing
Slightly volatile
Tax Assets38.8 M35.9 M14.3 M
Increasing
Slightly volatile
Goodwill and Intangible Assets37.3 M42.8 M22 M
Increasing
Slightly volatile
Total Liabilities2.8 B2.6 B1.3 B
Increasing
Slightly volatile
Shareholders Equity365.6 M338.8 M165.2 M
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit17.8 M20.9 M11.7 M
Increasing
Slightly volatile
Accumulated Other Comprehensive Income7.1 M6.5 M1.7 M
Increasing
Slightly volatile
Total Debt227.8 M278.4 M148.8 M
Increasing
Slightly volatile
Shareholders Equity USD365.6 M338.8 M165.2 M
Increasing
Slightly volatile
Cash and Equivalents USD75.7 M85.8 M54.4 M
Increasing
Slightly volatile
Total Debt USD227.8 M278.4 M148.8 M
Increasing
Slightly volatile
Long Term Debt36.5 M37.9 M36.7 M
Increasing
Slightly volatile

Howard Bancorp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues73.1 M87.5 M49.2 M
Increasing
Slightly volatile
Selling General and Administrative Expense36 M40.7 M25.8 M
Increasing
Slightly volatile
Operating Expenses111 M102.9 M49.3 M
Increasing
Slightly volatile
Income Tax Expense3.7 M4.2 M2.6 M
Increasing
Slightly volatile
Consolidated Income(15.7 M)(15.3 M)(347.3 K)
Decreasing
Slightly volatile
Net Income(15.7 M)(15.3 M)(347.3 K)
Decreasing
Slightly volatile
Preferred Dividends Income Statement Impact194.4 K149.4 K239.1 K
Decreasing
Slightly volatile
Net Income Common Stock(15.7 M)(15.3 M)(508.9 K)
Decreasing
Slightly volatile
Weighted Average Shares23.3 M21.6 M11 M
Increasing
Slightly volatile
Weighted Average Shares Diluted18.2 M16.9 M10 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT(12.3 M)(12 M)2.2 M
Decreasing
Slightly volatile
Revenues USD73.1 M87.5 M49.2 M
Increasing
Slightly volatile
Net Income Common Stock USD(15.7 M)(15.3 M)(508.9 K)
Decreasing
Slightly volatile
Earning Before Interest and Taxes USD(12.3 M)(12 M)2.2 M
Decreasing
Slightly volatile
Gross Profit73.1 M87.5 M49.2 M
Increasing
Slightly volatile
Operating Income(12.3 M)(12 M)2.2 M
Decreasing
Slightly volatile

Howard Bancorp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Capital Expenditure(508.7 K)(471.5 K)(682.6 K)
Increasing
Stable
Net Cash Flow Business Acquisitions and Disposals35.8 M44.7 M23.9 M
Increasing
Slightly volatile
Net Cash Flow from Financing219.8 M203.8 M89 M
Increasing
Slightly volatile
Issuance Repayment of Debt Securities (71.6 M)(69.7 M)(10.9 M)
Decreasing
Slightly volatile
Issuance Purchase of Equity Shares(5.9 M)(5.7 M)5.6 M
Decreasing
Slightly volatile
Net Cash Flow from Investing(252.4 M)(245.9 M)(99.4 M)
Decreasing
Slightly volatile
Net Cash Flow from Operations75.3 M69.8 M21.2 M
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(32.7 M)(31.8 M)371.9 K
Decreasing
Slightly volatile
Share Based Compensation998.8 K925.8 K469.5 K
Increasing
Slightly volatile
Depreciation Amortization and Accretion6.4 M5.9 M2.8 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share(0.84)(0.82)0.2868
Decreasing
Slightly volatile
Earnings per Diluted Share(0.84)(0.82)0.2821
Decreasing
Slightly volatile
Earnings per Basic Share USD(0.84)(0.82)0.2868
Decreasing
Slightly volatile
Return on Average Equity(0.0526)(0.0513)0.0249
Decreasing
Slightly volatile
Return on Average Assets(0.0065)(0.0063)0.0022
Decreasing
Slightly volatile
Return on Invested Capital(0.0046)(0.0045)0.0053
Decreasing
Slightly volatile
Gross Margin0.890.90.9842
Decreasing
Slightly volatile
Profit Margin(0.21)(0.2)0.0282
Decreasing
Slightly volatile
EBITDA Margin(0.0997)(0.0972)0.1466
Decreasing
Slightly volatile
Return on Sales(0.16)(0.16)0.1005
Decreasing
Slightly volatile
Asset Turnover0.03240.0270.041
Decreasing
Slightly volatile
Enterprise Value over EBITDA(60.58)(59.03)95.8801
Increasing
Very volatile
Enterprise Value over EBIT(29.56)(28.8)3.8186
Decreasing
Slightly volatile
Price to Earnings Ratio(11.99)(11.68)9.4348
Decreasing
Slightly volatile
Sales per Share4.153.655.0366
Decreasing
Stable
Price to Sales Ratio3.23.342.4931
Increasing
Slightly volatile
Price to Book Value0.970.860.86
Increasing
Slightly volatile
Debt to Equity Ratio7.146.858.1403
Decreasing
Slightly volatile
Free Cash Flow per Share3.993.70.8502
Increasing
Slightly volatile
Book Value per Share17.5518.0814.4736
Increasing
Slightly volatile
Tangible Assets Book Value per Share155153132
Increasing
Slightly volatile
Total Assets Per Share118122127
Increasing
Very volatile
Cash Flow Per Share3.142.910.8414
Increasing
Slightly volatile
Calculated Tax Rate36.1127.0534.6343
Decreasing
Slightly volatile
PPandE Turnover2.242.112.4544
Increasing
Stable
Cash and Equivalents Turnover1.050.961.1703
Increasing
Stable
Revenue to Assets0.05130.04470.048
Decreasing
Very volatile

Howard Bancorp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax(12.3 M)(12 M)2.2 M
Decreasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(9.7 M)(9.4 M)4.4 M
Decreasing
Stable
Earnings Before Interest Taxes and Depreciation Amortization USD(9.7 M)(9.4 M)4.4 M
Decreasing
Stable
Market Capitalization212.3 M254.5 M140.9 M
Increasing
Slightly volatile
Enterprise Value396.3 M483.7 M243.4 M
Increasing
Slightly volatile
Invested Capital3.3 B3.1 B1.5 B
Increasing
Slightly volatile
Average Equity366.9 M340 M162.2 M
Increasing
Slightly volatile
Average Assets3.1 B2.9 B1.4 B
Increasing
Slightly volatile
Invested Capital Average3.3 B3.1 B1.5 B
Increasing
Slightly volatile
Tangible Asset Value3.1 B2.9 B1.4 B
Increasing
Slightly volatile
Free Cash Flow74.8 M69.3 M20.5 M
Increasing
Slightly volatile
Revenue Per Employee296.5 K364.6 K255.8 K
Increasing
Slightly volatile
Net Income Per Employee(82.3 K)(80.2 K)(938)
Decreasing
Slightly volatile

Howard Fundamental Market Drivers

Short Percent Of Float1.36%
Forward Price Earnings21.78
Shares Short Prior Month182.8k
Average Daily Volume Last 10 Day222.75k
Average Daily Volume In Three Month99.72k
Date Short Interest15th of December 2021
Fifty Day Average22.29
Two Hundred Day Average19.46

Howard Upcoming Events

Upcoming Quarterly Report26th of January 2022
Next Earnings Report20th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report30th of September 2021
Last Earning Announcement31st of December 2020

About Howard Bancorp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Howard Bancorp income statement, its balance sheet, and the statement of cash flows. Howard Bancorp investors use historical funamental indicators, such as Howard Bancorp's revenue or net income, to determine how well the company is positioned to perform in the future. Although Howard Bancorp investors may use each financial statement separately, they are all related. The changes in Howard Bancorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Howard Bancorp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Howard Bancorp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Howard Bancorp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Revenues87.5 M73.1 M
Revenue to Assets 0.0447  0.05 
Revenue Per Employee364.6 K296.5 K
Howard Bancorp, Inc. operates as the bank holding company for Howard Bank that provides commercial banking, mortgage banking, and consumer finance products and services to businesses, business owners, professionals, and other consumers. The company offers various consumer and business deposit products, including demand, money market, savings, individual retirement, and commercial and retail checking accounts, as well as certificates of deposit. It also provides commercial loans, such as lines of credit, revolving credit facilities, accounts receivable and inventory financing, term loans, equipment loans, small business administration loans, stand-by letters of credit, and unsecured loans, as well as equipment lease services commercial mortgage loans for owner occupied and investment properties construction loans residential mortgage loans and secured and unsecured consumer loans. In addition, the company offers wire transfer services automated teller machines and check cards and safe deposit boxes, as well as credit cards through a third party processor. Further, it provides merchant card, overnight sweep, check positive pay, and remote deposit capture services and online and mobile banking services. As of December 31, 2020, the company operated through a network of 15 full service branches, as well as eight commercial lending offices located in Maryland. Howard Bancorp, Inc. was founded in 2004 and is headquartered in Baltimore, Maryland.

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Please check the analysis of Howard Bancorp Correlation against competitors. Note that the Howard Bancorp MD information on this page should be used as a complementary analysis to other Howard Bancorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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Is Howard Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Howard Bancorp. If investors know Howard will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Howard Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Howard Bancorp MD is measured differently than its book value, which is the value of Howard that is recorded on the company's balance sheet. Investors also form their own opinion of Howard Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Howard Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Howard Bancorp's market value can be influenced by many factors that don't directly affect Howard Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Howard Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine Howard Bancorp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Howard Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.