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ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Capital Bancorp, Inc. (CBNK) on Monday reported fourth-quarter earnings of $7.5 million.
The bank, based in Rockville, Maryland, said it had earnings of 45 cents per share. Earnings, adjusted for non-recurring costs, were 92 cents per share.
The company posted revenue of $73.6 million in the period. Its revenue net of interest expense was $56.2 million, which beat Street forecasts.
For the year, the company reported profit of $31 million, or $2.11 per share. Revenue was reported as $186.2 million.
Capital Bancorp shares have increased 3.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.51, an increase of 28% 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