Howard Bancorp: 3Q20 Earnings Review

Howard Bancorp reported 3Q20 net income of $4.6 million compared to the 2Q20 net loss of $(29.4) million. This translates to EPS of $0.25 in 3Q20 compared to $(1.57) in 2Q20. The 3Q20 results were free of any significant one-time or irregular items, but there were...

OFG Bancorp: 3Q20 Earnings Review

OFG reported 3Q20 net income to common shareholders of $25.8 million, up from the $20.2 million posted in 2Q20. On a per share basis, 3Q20 results were $0.50 compared to $0.39 in the prior quarter. 3Q20 results included $0.5 million of one-time interest recoveries on...

U.S. Bank Statistical Report (August 2020)

Uncertain credit quality remains a cloud over bank valuations, but capital and reserve levels remain healthy. COVID-19 disruptions not nearly over. Another month of rising COVID-19 infections and hospitalizations across most of the U.S., and evidence that deaths are...

FDVA: High Volume of PPP Loans and Attractive Core Market Should Drive Strong Performance Relative to Peer Banks

Freedom Bank of Virginia reported 2Q20 net income of $1.5 million, up 79.5% compared to the $850k posted in 1Q20 and 199.7% over the $509k recorded in the year-ago period. This translates to 2Q20 earnings per share of $0.21 compared to $0.11 in 1Q20 and $0.07 in 2Q19....

HBMD: Despite 2Q20 Loss Caused by Goodwill Write-Down, Bank is Well-Positioned for NIM Stability and Market Share Growth

Howard Bancorp reported a 2Q20 net loss of $(29.4) million compared to 1Q20 net income of $3.3 million. This translates to EPS of $(1.57) in 2Q20 compared to $0.18 in 1Q20. There were several significant irregular or non-recurring items affecting 2Q20 results. The...

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