secwatch.observer — SEC 8-K summary
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Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001419536-23-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000141953623000117/0001419536-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000141953623000117/cbnk-20231023.htm
  HTML page:      https://secwatch.observer/filing/0001419536-23-000117

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