Capital Bancorp Q1 net income $6.6M ($0.47 EPS); adj EPS $0.51, loan growth 12.9% annualized

Capital Bancorp Inc

2024-Q1 EPS reported $0.47

Net income of $6.6M ($0.47 diluted EPS) vs $9.7M ($0.68) in Q1 2023; adjusted net income $7.1M ($0.51 EPS).
Total assets $2.3B, loan growth $61.2M (12.9% annualized) and deposit growth $109.7M (5.8%).
Dividend declared $0.08/share, payable May 22, 2024 to holders of record May 6, 2024.
Merger with Integrated Financial Holdings expected Q4 2024; incurred $0.7M pre-tax merger expenses.
Net interest margin 6.24% (down from 6.40% Q4 2023); efficiency ratio 71.95%.

item 2.02 item 9.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Capital Bancorp Inc reported the three months ended March 31, 2024 results: net income $6.6 million, EPS $0.47 per diluted share.

Period: the three months ended March 31, 2024
Net income: $6.6 million
EPS: $0.47 per diluted share
Result: reported results

Exact text from the filing

Capital Bancorp, Inc. Reports First Quarter 2024 Results • Net Income of $6.6 million, or $0.47 per share.

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Source: SEC EDGAR

accession 0001628280-24-017107

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