secwatch.observer — SEC 8-K summary
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Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001628280-24-017107
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 Q1 net income $6.6M ($0.47 EPS); adj EPS $0.51, loan growth 12.9% annualized
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000162828024017107/0001628280-24-017107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000162828024017107/cbnk-20240422.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-017107

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