Howard Bank set aside an additional $3 million to cover potential losses on loans and saw its profit fall 23% in the first quarter due to Covid-19. The biggest Baltimore-based bank reported net income of $3.3 million, or 18 cents per share, during three months ended March 31, compared to $4.3 million, or 22 cents per share, in the year-ago period. As a result of Covid-19 and Gov. Larry Hogan’s stay-at-home order, Howard Bank (NASDAQ: HBMD) expects the economy to suffer “significant stress” for…
from https://www.bizjournals.com/baltimore/news/2020/04/30/howard-bank-sees-earnings-drop-prepares-for.html?ana=RSS&s=article_search
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