Capital Bancorp: Q1 Earnings Snapshot
By AP News
Published - Apr 21, 2023, 05:03 AM ET
Last Updated - Jun 22, 2023, 05:06 AM EDT
ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Capital Bancorp, Inc. (CBNK) on Thursday reported first-quarter net income of $9.7 million.
The Rockville, Maryland-based bank said it had earnings of 68 cents per share.
The company posted revenue of $49.4 million in the period. Its revenue net of interest expense was $40.5 million, which fell short of Street forecasts.
Capital Bancorp shares have declined 29% since the beginning of the year. The stock has declined 26% in the last 12 months.
