Capital Bancorp Stock Price, News & Analysis

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.

Capital Bancorp, Inc. (NASDAQ: CBNK) announced a cash dividend of $0.05 per share following its third quarter diluted earnings per share of $0.79. The dividend will be payable on November 30, 2021, to shareholders of record by November 15, 2021. Chairman Steve Schwartz expressed confidence in the company's strong financial performance, underscoring robust asset quality, liquidity, and capital growth. Capital Bancorp, headquartered in Rockville, Maryland, had approximately $2.2 billion in assets as of September 30, 2021.

Capital Bancorp, Inc. (NASDAQ: CBNK) reported a strong performance for 3Q 2021, with net income increasing to $11.2 million or $0.79 per diluted share compared to $8.4 million or $0.61 in 3Q 2020. Key metrics include a ROAA of 2.13% and a ROAE of 23.87%. Portfolio loans surged 16.1% year-over-year, aided by a 39.7% increase in noninterest-bearing deposits. However, mortgage origination volumes declined 49.6% due to a rising interest rate environment, impacting revenue from this segment. Overall, robust growth in the Commercial Bank and OpenSky® was noted.

Capital Bancorp, Inc. (NASDAQ: CBNK) has been recognized in the Piper Sandler Bank & Thrift Sm-All Stars for the third consecutive year in 2021. This distinction acknowledges top-performing small-cap banks in the U.S., with criteria such as market capitalization below $2.5B and strong performance across key metrics like growth, profitability, and credit quality. Capital Bank, the fifth largest bank in Maryland, reported $2.2 billion in assets as of June 30, 2021. CEO Edward Barry highlighted the award as a testament to the bank's commitment to blending technology with personalized service.