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Howard Bancorp, Inc. (Nasdaq: HBMD) will report its Q4 2020 financial results and present supplemental slides on January 27, 2021, after market close. A conference call for discussion and Q&A will be held on January 28, 2021, at 10:00 a.m. (ET). Participants can join by calling 1-877-269-7756 and are encouraged to dial in at least ten minutes early. An audio replay of the call will be accessible on the company's Investor Relations page shortly after the call, available until February 28, 2021. Howard Bancorp, which oversees Howard Bank, boasts consolidated assets of approximately $2.6 billion as of September 30, 2020.
Howard Bank has elected Linda L. Singh, a distinguished military leader and business executive, to its board of directors. Ms. Singh brings 38 years of experience across corporate, military, and government sectors. She is the founder and CEO of Kaleidoscope Affect, LLC, and previously served as the Adjutant General of the Maryland Military Department. Her expertise is expected to enhance the bank's leadership and community impact as it expands its regional footprint.
Howard Bancorp (NASDAQ: HBMD) reported a net income of $4.6 million ($0.25/share) for Q3 2020, stable compared to Q3 2019 but a significant recovery from a $29.4 million net loss in Q2 2020. Key factors included a prior goodwill impairment charge and changes in credit loss provisions. The company originated $201 million in PPP loans, contributing to a pretax income of $1.1 million in Q3 2020. Stockholders' equity rose to $289.5 million, while NPAs declined to $18.1 million, reflecting improved asset quality amidst ongoing pandemic challenges.
Howard Bancorp, Inc. (Nasdaq: HBMD) is set to release its third quarter financial results on October 28, 2020, following which it will host a conference call on October 29, 2020, at 10:00 a.m. EDT. Participants can ask questions by calling 1-877-269-7756. An audio replay of the call will be available on their Investor Relations page shortly after the call until November 30, 2020. As of June 30, 2020, Howard Bancorp had consolidated assets of approximately $2.5 billion, operating through 15 branches in the Greater Baltimore area.