Capital Bancorp, Inc. Posts Broad Based Growth Leading to a Sharp Profitability Increase
Third Quarter 2024 Results Net Income of $8.7 million, or $0.62 per share Net Income, as adjusted to exclude the impact of merger-related expenses (non-GAAP)(1), of $9.2 million, or $0.66 per share Tangible Book Value Per Share(1) of $20.13, increased 4.5%, or $0.87 as compared to $19.26 (2Q 2024).Net Interest Income increased $1.3 million, or 3.5% (not annualized), from 2Q 2024Net Interest Margin ("NIM") decreased to 6.41% as compared to 6.46% (2Q 2024) Core NIM, as adjusted to exclude the impa