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

Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001419536-23-000108
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Capital Bancorp Q2 EPS $0.52, down 36% YoY; dividend raised 33% to $0.08
------------------------------------------------------------------------

- Net income $7.3M ($0.52 diluted EPS) vs $9.7M ($0.68) in Q1 2023 and $11.5M ($0.80) in Q2 2022.
- Dividend declared $0.08 per share, 33.3% increase from prior quarter; payable Aug 23, record Aug 7.
- Average deposits grew $110.4M (25% annualized); average portfolio loans up $50.3M in Q2.
- Net interest margin 6.63%, stable vs 6.65% prior quarter; adjusted NIM (ex-credit card/PPP) improved to 4.06%.
- Noninterest expense $29.6M rose 12.9% QoQ driven by $2.1M marketing spend for OpenSky acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000141953623000108/0001419536-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000141953623000108/cbnk-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001419536-23-000108

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