Howard Bancorp suffers $29.4M net loss in Q2 report

Howard Bancorp Inc., the parent company of Howard Bank, lost $29.4 million in the second quarter, according to the company’ earning statement released Monday. The $29.4 million loss, or a $1.57 loss per both basic and diluted common share, came about from the recording of a goodwill impairment charge of $34.5 million (or -$1.84 per basic and diluted common share), a non-cash charge that has no effect on the company’s liquidity, tangible common equity, regulatory capital, and overall financial strength. (Daily Record)

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