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Complete financial analysis of Harford Bank (HFBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Harford Bank, a leading company in the Banks – Regional industry within the Financial Services sector.
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Harford Bank (HFBK)
About Harford Bank
Harford Bank offers commercial and retail banking products and services for individuals, businesses, and governmental units. It provides various deposit services, including checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The company also offers various commercial loans, which include secured and unsecured loans for working capital, business expansion loans, and equipment and machinery purchase loans, as well as commercial mortgages secured by real estate, real estate construction loans, and real estate acquisition loans. In addition, it provides consumer loans, such as secured and unsecured loans for financing automobiles, boats, mobile homes, education, bill consolidation, and home improvements. Further, the company offers various other banking services, including mobile banking, automated teller machine, online banking with bill payment, cash management, commercial account remote deposit capture, safe deposit boxes, direct deposit of payroll and social security checks, and ACH origination services, as well as debit, gift, and credit cards. It operates through eight banking offices in Harford County, Maryland; and two banking offices in Cecil County, Maryland. The company was formerly known as Harford National Bank and changed its name to Harford Bank in July 2001. Harford Bank was founded in 1964 and is based in Aberdeen, Maryland.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.27M | 20.79M | 19.56M | 17.15M | 15.13M | 14.58M | 13.51M | 12.69M | 11.82M | 13.27M | 11.46M | 11.32M | 9.70M | 9.24M | 8.56M | 8.03M |
| Cost of Revenue | -5.87M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 29.13M | 20.79M | 19.56M | 17.15M | 15.13M | 14.58M | 13.51M | 12.69M | 11.82M | 13.27M | 11.46M | 11.32M | 9.70M | 9.24M | 8.56M | 8.03M |
| Gross Profit Ratio | 125.21% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.07M | 10.71M | 8.73M | 7.59M | 7.56M | 7.36M | 6.95M | 6.61M | 6.07M | 1.36M | 1.49M | 1.34M | 3.31M | 2.97M | 2.91M | 2.68M |
| Selling & Marketing | 223.45K | 231.24K | 173.59K | 97.17K | 179.44K | 178.03K | 160.68K | 148.23K | 142.09K | 140.23K | 110.16K | 94.34K | 0.00 | 0.00 | 149.15K | 115.82K |
| SG&A | 10.29M | 10.94M | 8.90M | 7.69M | 7.74M | 7.54M | 7.11M | 6.76M | 6.22M | 7.38M | 7.14M | 6.87M | 3.31M | 2.97M | 3.06M | 2.79M |
| Other Expenses | 12.98M | -3.95M | -21.26M | -20.62M | -18.47M | -3.08M | -2.89M | -2.89M | -2.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 23.27M | 10.94M | -12.36M | -12.93M | -10.74M | 7.54M | 7.11M | 6.76M | 6.22M | 8.79M | 8.63M | 8.55M | 3.31M | 2.97M | 3.06M | 2.79M |
| Cost & Expenses | 23.27M | 10.94M | -12.36M | -12.93M | -10.74M | 7.54M | 7.11M | 6.76M | 6.22M | 8.79M | 8.63M | -8.55M | 3.31M | 2.97M | 3.06M | 2.79M |
| Interest Income | 27.15M | 20.43M | 19.14M | 17.77M | 15.89M | 15.06M | 14.03M | 13.16M | 12.26M | 0.00 | 0.00 | 0.00 | 11.74M | 10.42M | 8.93M | 8.44M |
| Interest Expense | 5.71M | 1.08M | 1.55M | 2.38M | 2.19M | 1.70M | 1.70M | 1.64M | 1.64M | 0.00 | 0.00 | 0.00 | 2.90M | 2.07M | 1.43M | 1.47M |
| Depreciation & Amortization | 539.89K | 545.64K | 506.68K | 520.57K | 446.92K | 349.09K | 368.38K | 385.31K | 403.81K | -4.94M | -3.41M | 0.00 | 2.90M | 2.07M | 418.34K | 445.14K |
| EBITDA | 9.19M | 7.31M | 7.71M | 4.74M | 4.84M | 4.63M | 3.94M | 3.34M | 3.62M | -454.15K | -575.48K | 2.77M | 6.00M | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 39.48% | 40.33% | 39.40% | 27.65% | 32.00% | 43.41% | 41.74% | 39.25% | 44.51% | -3.42% | -5.02% | 24.47% | 61.86% | 55.24% | 53.99% | 55.26% |
| Operating Income | 9.19M | 7.84M | 7.20M | 4.22M | 4.39M | 5.98M | 5.27M | 4.60M | 4.86M | 4.94M | 3.41M | 2.77M | 3.10M | 3.03M | 4.20M | 3.99M |
| Operating Income Ratio | 39.48% | 37.71% | 36.81% | 24.61% | 29.05% | 41.02% | 39.01% | 36.21% | 41.09% | 37.20% | 29.74% | 24.47% | 31.94% | 32.81% | 49.10% | 49.72% |
| Total Other Income/Expenses | -539.89K | -1.31M | -1.36M | -1.70M | -1.41M | -1.29M | -1.23M | -1.33M | -1.52M | -1.41M | -575.48K | 0.00 | 0.00 | -1.00K | -1.43M | -1.47M |
| Income Before Tax | 8.65M | 6.76M | 7.20M | 4.22M | 4.39M | 4.28M | 3.58M | 2.95M | 3.21M | 4.48M | 2.83M | 2.77M | 3.10M | 3.03M | 2.78M | 2.52M |
| Income Before Tax Ratio | 37.16% | 32.52% | 36.81% | 24.61% | 29.05% | 29.37% | 26.46% | 23.25% | 27.19% | 33.78% | 24.72% | 24.47% | 31.94% | 32.80% | 32.46% | 31.42% |
| Income Tax Expense | 2.19M | 1.64M | 1.86M | 1.02M | 1.10M | 1.09M | 1.64M | 1.10M | 1.20M | 1.67M | 995.50K | 963.24K | 1.04M | 1.07M | 964.36K | 847.16K |
| Net Income | 6.46M | 5.13M | 5.34M | 3.20M | 3.29M | 3.19M | 1.94M | 1.85M | 2.02M | 2.81M | 1.84M | 1.81M | 2.06M | 1.96M | 1.81M | 1.68M |
| Net Income Ratio | 27.76% | 24.66% | 27.31% | 18.65% | 21.76% | 21.88% | 14.34% | 14.59% | 17.05% | 21.20% | 16.04% | 15.96% | 21.25% | 21.26% | 21.20% | 20.87% |
| EPS | 4.38 | 3.51 | 3.71 | 2.24 | 2.32 | 2.27 | 1.40 | 1.35 | 1.54 | 2.09 | 1.38 | 1.38 | 1.64 | 1.56 | 1.46 | 1.36 |
| EPS Diluted | 4.34 | 3.49 | 3.69 | 2.23 | 2.30 | 2.24 | 1.38 | 1.33 | 1.50 | 2.09 | 1.38 | 1.38 | 1.64 | 1.56 | 1.46 | 1.35 |
| Weighted Avg Shares Out | 1.48M | 1.46M | 1.44M | 1.43M | 1.42M | 1.40M | 1.39M | 1.37M | 1.31M | 1.35M | 1.33M | 1.31M | 1.26M | 1.26M | 1.24M | 1.23M |
| Weighted Avg Shares Out (Dil) | 1.49M | 1.47M | 1.45M | 1.44M | 1.43M | 1.42M | 1.40M | 1.39M | 1.34M | 1.35M | 1.33M | 1.31M | 1.26M | 1.26M | 1.25M | 1.24M |
Source: https://incomestatements.info
Category: Stock Reports