Capital Bancorp: Q1 Earnings Snapshot
ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Capital Bancorp, Inc. (CBNK) on Monday reported first-quarter net income of $6.6 million.
ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Capital Bancorp, Inc. (CBNK) on Monday reported first-quarter net income of $6.6 million.
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The Rockville, Maryland-based bank said it had earnings of 47 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 51 cents per share.
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The company posted revenue of $54.3 million in the period. Its revenue net of interest expense was $41 million, which topped Street forecasts.
Capital Bancorp shares have decreased 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.85, an increase of 19% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBNK at https://www.zacks.com/ap/CBNK