secwatch.observer — SEC 8-K summary
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Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0001419536-25-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Capital Bancorp Q4 GAAP EPS $0.45, adj. $0.92; closes IFH acquisition; organic loan growth 28% annualized
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- GAAP net income $7.5M ($0.45 EPS); adj. net income $15.5M ($0.92 EPS) excl. merger costs, IFH ACL, and $2.6M write-down.
- Acquired IFH Oct 1, adding $559.4M assets, $373.5M loans, $459.0M deposits; merger-related expenses $2.6M in Q4.
- Organic loan growth $149.1M (28.2% annualized) and deposit growth $116.7M (21.2% annualized); total loans up $522.6M.
- NIM fell to 5.87% from 6.41% QoQ; core NIM (ex-OpenSky) stable at 4.05% vs 4.08%.
- Declared $0.10 dividend payable Feb 26, 2025; tangible book value $18.77, down 6.8% from $20.13 due to purchase accounting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000141953625000004/0001419536-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000141953625000004/cbnk-20250127.htm
  HTML page:      https://secwatch.observer/filing/0001419536-25-000004

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