Capital Bancorp Q3 net income $9.8M, EPS $0.70; NIM improves to 6.71%

Capital Bancorp Inc

2023-Q3 EPS reported $1.90

Net income $9.8M ($0.70 diluted EPS) vs $7.3M ($0.52) in Q2 2023 and $11.1M ($0.77) in Q3 2022.
Net interest margin improved to 6.71% from 6.63% QoQ; portfolio loans grew $24.9M (5.4% annualized).
Total deposits increased $33.6M to $2.0B; average deposits rose $37.1M QoQ.
Board declared $0.08/share dividend, payable Nov 22 to holders of record Nov 6.
Repurchased 100,575 shares at avg $19.47 during Q3; tangible book value $17.48, up 15% YoY.

item 2.02 item 9.01 item 8.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Capital Bancorp Inc reported three and nine months ended September 30, 2023 results: net income $9.8 million, EPS $0.70 per diluted share.

Period: three and nine months ended September 30, 2023
Net income: $9.8 million
EPS: $0.70 per diluted share
Result: reported results

Exact text from the filing

Capital Bancorp, Inc. Reports Third Quarter 2023 Net Income of $9.8 million, or $0.70 per share

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Source: SEC EDGAR

accession 0001419536-23-000117

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