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Howard Bancorp Q1 Profit Rise

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.

by RTT Staff Writer

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