secwatch.observer — SEC 8-K summary
======================================

Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K/A
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001140361-24-049732
Event type: m_and_a
Sentiment:  negative
Materiality: 0.55
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capital Bancorp closes IFHI merger; acquired co. reports $7.99M net loss for 9M ending Sep 30
--------------------------------------------------------------------------------

- Merger completed Oct 1, 2024; IFHI merged into Capital Bancorp, which is the surviving entity.
- IFHI unaudited financials show net loss of $7.986M for nine months ended Sep 30, 2024 (basic EPS -$3.37).
- IFHI had total assets of $542.2M, loans held for investment $382.8M, deposits $449.9M as of Sep 30, 2024.
- IFHI incurred $5.1M merger-related expenses in the period; total noninterest expense $31.1M.
- Pro forma combined financial statements for Sep 30, 2024 and Dec 31, 2023 are filed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000114036124049732/0001140361-24-049732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000114036124049732/ef20040237_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-049732

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer