Howard Bancorp, Inc. (NASDAQ:HBMD) Files An 8-K Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial
Condition.

On January 19, 2017, Howard Bancorp, Inc., the parent company of
Howard Bank, issued a press release relating to its results of
operations for the fiscal year and three months ended December
31, 2016. A copy of the release is furnished herewith as Exhibit
99.1.

To provide investors and others with additional information
regarding its results, Howard Bancorp has disclosed in the
attached press release noninterest expenses excluding the impact
of one-time non-recurring charges related to expenses incurred in
connection with Howard Bancorps acquisition of Patapsco Bancorp,
Inc. during 2015. A reconciliation of the adjustments to GAAP
results with respect to noninterest expense for the year ended
December 31, 2016 is provided below. As the non-GAAP measure
excludes charges that are not reflective of ongoing operations,
Howard Bancorps management believes that the presentation of
noninterest expense excluding these one-time non-recurring
charges is useful to investors because it presents the results of
Howard Bancorps ongoing business operations. As a result,
management believes that presentation of this information helps
investors in understanding and evaluating Howard Bancorps
financial results, operating trends and future prospectus, as
well as in comparing Howard Bancorps financial results across
accounting periods and to those of peer companies.

In addition to the purposes discussed above, Howard Bancorp
management uses noninterest expense excluding non-time
non-recurring charges as a basis for planning and forecasting
future periods, and to evaluate Howard Bancorps operating
performance, including whether our operating performance has met
specified targets and thresholds.

This non-GAAP financial measure should be considered in addition
to, not as a substitute for, superior to or in isolation from,
noninterest expense prepared in accordance with GAAP.

RECONCILIATION OF NONINTEREST EXPENSES TO NONINTEREST EXPENSES
EXCLUDING ONE-TIME NON-RECURRING CHARGES (in thousands)
(unaudited)

The information in this Item 2.02 and the related information in
Exhibit 99.1 shall not be deemed filed for purposes of Section 18
of the Securities Exchange Act of 1934 (the Exchange Act), or
otherwise subject to the liabilities of that section and shall
not be incorporated by reference into any filing of the
Registrant under the Securities Act of 1933, as amended, or the
Exchange Act except as shall be expressly set forth by specific
reference in any such filing.

Section 9 Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated January 19, 2017

About Howard Bancorp, Inc. (NASDAQ:HBMD)

Howard Bancorp, Inc. is the bank holding company of Howard Bank. The Company’s primary business is to own all of the capital stock of Howard Bank. The Company operates through Community Banking segment. Howard Bank is a trust company, which has approximately four operating subsidiaries. The Company offers a range of services to its customers, including wire transfer services, automated teller machine (ATM) and check cards, ATMs at all of its service branch locations, safe deposit boxes at all service locations and credit cards through a third-party processor. Additionally, it provides Internet banking services to its customers and merchant card services for its business customers. The Company’s primary market focus is on making loans to and gathering deposits from small and medium size businesses and their owners, professionals and executives, and high-net-worth individuals in its primary market area.

Howard Bancorp, Inc. (NASDAQ:HBMD) Recent Trading Information

Howard Bancorp, Inc. (NASDAQ:HBMD) closed its last trading session down -0.11 at 15.25 with 1,924 shares trading hands.