Howard Bancorp, Inc. (HBMD), Thursday reported a net profit of $399 thousand for the first quarter, up 16 percent from last year, helped mainly by higher net-interest income.
Net-interest income for the period increased 9 percent to $3.3 million from $3.0 million last year. Partially offsetting this growth was a 53 percent decrease in non-interest income to $85 thousand from $182 thousand last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.