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Stock impact report

Howard Bancorp, Inc. Reports Second Quarter 2018 Results with the Integration of First Mariner Bank and Successful Systems Conversion

Howard Bancorp, Inc. (HBMD) 
US:NASDAQ Investor Relations: howardbank.com/about-us/investor-relations
Company Research Source: Business Wire
BALTIMORE--(BUSINESS WIRE)-- Howard Bancorp, Inc. (Nasdaq: HBMD), the parent company of Howard Bank, reported its financial results for the quarter ending June 30, 2018. A summary of results for and other developments during the quarter ended June 30, 2018 are as follow: Following the March 1, 2018 legal closing of our acquisition of First Mariner Bank (“First Mariner”), in the second quarter of 2018, we successfully completed our systems conversions and integration of all operating processes and platforms. By June 30, 2018 the majority of operational efficiencies had been implemented which is expected to allow us to achieve in excess of the 37% net noninterest expense savings originally planned and announced in August of 2017. Conversion and integration activities throughout the second quarter adversely impacted our quarterly operating results due to additional expe Show less Read more
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