Capital Bancorp Stock Price, News & Analysis

On April 25, 2022, Capital Bancorp, Inc. (NASDAQ: CBNK) announced a cash dividend of $0.05 per share, to be paid on May 25, 2022, to shareholders on record as of May 9, 2022. The company, based in Rockville, Maryland, operates as a bank holding company and is the fourth largest bank in Maryland, boasting assets of approximately $2.1 billion as of March 31, 2022. Capital Bank has been providing financial services since 1999 and has multiple branches in the greater Washington, D.C. and Baltimore areas.

Capital Bancorp, Inc. (NASDAQ: CBNK) announced a net income of $10.2 million for Q1 2022, or $0.71 diluted EPS, up from $9.0 million or $0.65 in Q1 2021. With a ROAA of 2.01% and ROAE of 20.30%, the bank showed strong performance despite a 68.8% drop in mortgage origination volumes. Portfolio loans rose by $213.9 million year-over-year, with a net interest margin of 6.79%. Non-performing assets decreased to 0.28%. The company is optimistic about future growth driven by strategic investments, despite adverse impacts from rising interest rates.

Capital Bank, N.A. has appointed Sandeep Uthra as Executive Vice President and Chief Information Officer (CIO), aimed at enhancing its technology-driven banking solutions. Uthra, with extensive experience from Truliant Federal Credit Union and Bank of America, will focus on digital transformation and improving customer experience through various technology initiatives. This strategic move aligns with the Bank's goals for operational efficiency and growth, as highlighted by CEO Ed Barry. Capital Bank, headquartered in Maryland, holds assets of approximately $2.1 billion and trades under the symbol 'CBNK'.

Capital Bank has partnered with Montgomery County Green Bank to promote clean energy financing for local businesses. This collaboration enables commercial property owners to access C-PACE loans, which support energy-efficient projects such as solar installations and HVAC upgrades. Capital Bank, the fourth largest bank in Maryland, previously assisted 598 small businesses with over $172 million in PPP funding. With a focus on community engagement, the bank aims to expand its clean energy initiatives while enhancing real estate values and reducing energy costs for local businesses.

Capital Bancorp, Inc. (NASDAQ: CBNK) has declared a cash dividend of $0.05 per share on its common stock. The dividend will be payable on February 23, 2022, to shareholders of record as of February 8, 2022. The company, headquartered in Rockville, Maryland, operates Capital Bank, the fourth-largest bank in Maryland, with assets of approximately $2.1 billion as of December 31, 2021. Capital Bancorp has provided financial services since 1999 and maintains a strong presence in the greater Washington, D.C., and Baltimore markets.

Capital Bancorp, Inc. (NASDAQ: CBNK) reported a net income of $10.2 million for Q4 2021, equating to $0.71 per diluted share, consistent with Q4 2020. Portfolio loans increased by $78.9 million compared to the previous quarter and $208.5 million year-over-year. The net interest margin improved to 6.49%, a 92 basis point increase from last year. However, noninterest income fell by 33.8%, attributed to a slowdown in the mortgage banking sector. The return on average assets was 1.95%, indicating stable performance despite challenges.

Capital Bancorp, Inc. (NASDAQ: CBNK) has announced the appointment of Jerome Bailey to its board, enhancing its leadership. Bailey, an experienced entrepreneur and current Vice Chairman of the Bank, brings nearly two decades of expertise in the multifamily housing sector in D.C. He joins the board at a time when Capital Bancorp has reached $2.2 billion in assets. The company is recognized as the fifth largest bank in Maryland, with a strong track record since its founding in 1999. Stephen Ashman, the former board member and CEO, has stepped down after significantly contributing to the company's growth.

OpenSky®, the digital banking division of Capital Bank, N.A., announces the launch of the OpenSky Visa® Gold Card, an unsecured credit card designed for customers transitioning from secured credit options. This card aims to facilitate easier credit access for those who have excelled with the OpenSky Secured Visa® Credit Card, helping them achieve their financial goals. Capital Bank emphasizes its commitment to innovation and customer service through this expansion, reinforcing its strategic objectives in the digital banking sector.