secwatch.observer — SEC 8-K summary
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Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001419536-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Capital Bancorp Q2 net income up 25% to $8.2M; raises dividend 25% to $0.10
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- Q2 net income $8.2M ($0.59 EPS) vs $6.6M ($0.47) in Q1; adjusted EPS $0.59.
- Net interest margin expanded to 6.46% (Q1: 6.24%); core NIM (ex-credit card) to 4.00% (Q1: 3.85%).
- Loans grew $57.1M (11.7% annualized); deposits grew $94.7M (19.0% annualized).
- Quarterly dividend raised 25% to $0.10/share payable Aug 21; record Aug 5.
- Acquisition of Integrated Financial Holdings received Fed approval; shareholder meeting Aug 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000141953624000014/0001419536-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000141953624000014/cbnk-20240722.htm
  HTML page:      https://secwatch.observer/filing/0001419536-24-000014

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