Capital Bancorp Q1 2023 EPS $0.68, revenue up, but NPAs rise to 0.73%

Capital Bancorp Inc

2023-Q1 EPS reported $0.68

Net income $9.7M ($0.68 diluted EPS) vs $10.2M ($0.71) in Q1 2022; ROAA 1.84% and ROAE 16.98%.
Total assets $2.25B (+5.8% YoY); portfolio loans up 17% to $1.79B; deposits up 4.4% to $1.94B.
Net interest margin 6.65% (ex credit cards & SBA-PPP at 3.81%, flat YoY).
Nonperforming assets rose to 0.73% of assets from 0.28%, driven by a single $8.2M well-collateralized loan.
OpenSky revenue fell $0.5M on declining active accounts; noninterest income down 27.3% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Capital Bancorp Inc reported the three months ended March 31, 2023 results: net income $9.7 million, EPS $0.68 per diluted share.

Period: the three months ended March 31, 2023
Net income: $9.7 million
EPS: $0.68 per diluted share
Result: reported results

Exact text from the filing

today reported net income of $9.7 million, or $0.68 per diluted share, for the first quarter of 2023

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Source: SEC EDGAR

accession 0001419536-23-000074

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