secwatch.observer — SEC 8-K summary
======================================

Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001628280-24-001848
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000162828024001848/0001628280-24-001848-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000162828024001848/cbnk-20240122.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001848

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