Howard Bancorp Inc. reported earnings results for the fourth quarter and full year ended December 31, 2012. For the fourth quarter, the company reported net income of $0.439 million compared to of $0.353 million for the fourth quarter of 2011, representing an increase of 24%. Net interest income was $3,574,331 compared to $3,304,544 a year ago. Net income avail to common shares was $293,887 or $0.07 per share against $180,558 or $0.07 per share a year ago. Book value per common share was $8.45 against $9.12 a year ago. Return on average assets was 0.46% against 0.44% a year ago. Return on average common equity was 5.11% against 5.79% a year ago.

For the year, the company reported net income of $1.62 million compared to $1.38 million in 2011, an improvement of $0.236 million or 17%. Net interest income was $13.5 million represented an increase of $0.9 million or 7% compared to 2011, and was driven by its continued balance sheet growth. Net income avail to common shares was $1,004,524 or $0.31 per share against $933,831 or $0.35 per share a year ago. Book value per common share was $8.45 against $9.12 a year ago. Return on average assets was 0.45% against 0.45% a year ago. Return on average common equity was 5.63% against 5.83% a year ago.