Capital Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share
Rhea-AI Summary
Capital Bancorp, Inc. (NASDAQ: CBNK) has declared a cash dividend of $0.06 per share, payable on February 22, 2023 to shareholders of record as of February 6, 2023. The company, based in Rockville, Maryland, has assets totaling approximately $2.1 billion. Capital Bank, its wholly-owned subsidiary, ranks as the fourth largest bank headquartered in Maryland as of December 31, 2022. Capital Bancorp has been in operation since 1999 and serves the greater Washington, D.C. and Baltimore markets.
Positive
- Dividend declared at $0.06 per share, providing direct income for shareholders.
- Strong asset base of approximately $2.1 billion as of December 31, 2022.
Negative
- None.
News Market Reaction – CBNK
In the trading session that priced this news, CBNK declined 0.74%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROCKVILLE, Md., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (NASDAQ: CBNK) (“Company”), the holding company of Capital Bank (“Bank”), announced today that its Board of Directors has declared a cash dividend on its common stock of
ABOUT CAPITAL BANCORP, INC.
Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. The Company’s wholly-owned subsidiary, Capital Bank, N.A., is the fourth largest bank headquartered in Maryland at December 31, 2022. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in five locations in the greater Washington, D.C. and Baltimore, Maryland markets. Capital Bancorp had assets of approximately
FINANCIAL CONTACT: Alan Jackson (240) 283-0402
MEDIA CONTACT: Ed Barry (240) 283-1912
