CBNK reports Q4 net income down 11.6% YoY to $9.0M; record full-year earnings of $41.8M

Capital Bancorp Inc

2022-FY EPS reported $2.91

Q4 2022 diluted EPS of $0.62 vs $0.71 in Q4 2021; net income $9.0M, down 11.6% YoY.
Full-year 2022 net income rose 4.6% to $41.8M; diluted EPS $2.91 vs $2.84 in 2021.
Portfolio loans grew 13.4% YoY to $1.7B; tangible book value per share up 11.8% to $15.84.
OpenSky revenue declined 8.2% to $20.3M; mortgage banking revenue fell $2.8M in Q4.
CEO cites challenging deposit environment; expects Commercial Bank growth and Mortgage recovery in 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Capital Bancorp Inc reported financial results for for the three and twelve months ended December 31, 2022.

Period: for the three and twelve months ended December 31, 2022
Result: reported results

Exact text from the filing

On January 25, 2023 , Capital Bancorp, Inc. (the “Company”) issued a press release announcing the Company’s unaudited financial results for the three and twelve months ended December 31, 2022.

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Source: SEC EDGAR

accession 0001419536-23-000024

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