secwatch.observer — SEC 8-K summary
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Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001419536-23-000074
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000141953623000074/0001419536-23-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000141953623000074/cbnk-20230420.htm
  HTML page:      https://secwatch.observer/filing/0001419536-23-000074

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