Capital Bancorp Q4 net income $9.0M, EPS $0.65; annual dividend raised 33% to $0.08/share

Capital Bancorp Inc

2023-FY EPS reported $2.55

Net income $9.0M ($0.65 diluted EPS) vs $9.8M ($0.70) Q3 2023; full-year net income $35.9M vs $41.8M in 2022.
Net interest margin 6.40% down from 6.71% QoQ; net interest income $34.9M decreased $1.9M from Q3.
Loan growth $40.7M (8.7% annualized); tangible book value $18.31 up 4.5% QoQ and 15.6% YoY.
Nonperforming assets 0.72% of total assets; net charge-offs $2.5M in Q4, including $0.7M on a $7.6M multi-unit residential loan.
Cash dividend $0.08 per share declared, payable Feb 21 to holders of record Feb 5; up from $0.06 in prior year.

item 2.02 item 9.01 item 8.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Capital Bancorp Inc reported three months and year ended December 31, 2023 results: net income $9.0 million, EPS $0.65 per diluted share.

Period: three months and year ended December 31, 2023
Net income: $9.0 million
EPS: $0.65 per diluted share
Result: reported results

Exact text from the filing

Capital Bancorp, Inc. Reports Fourth Quarter 2023 Net Income of $9.0 million, or $0.65 per share

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Source: SEC EDGAR

accession 0001628280-24-001848

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