Capital Bancorp, Inc. Reports First Quarter 2024 Results

April 22, 2024

https://www.globenewswire.com/news-release/2024/04/22/2867217/0/en/Capital-Bancorp-Inc-Reports-First-Quarter-2024-Results.html

ROCKVILLE, Md., April 22, 2024 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (the “Company”) (NASDAQ:CBNK), the holding company for Capital Bank, N.A. (the “Bank”), today reported net income of $6.6 million, or $0.47 per diluted share, for the first quarter 2024, compared to net income of $9.0 million, or $0.65 per diluted share, for the fourth quarter 2023, and $9.7 million, or $0.68 per diluted share, for the first quarter 2023. Net income, as adjusted(1) to exclude the impact of merger-related expenses was $7.1 million, or $0.51 per diluted share for the first quarter 2024.

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