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National Capital Bank Of Washington (NACB) is an established regional financial institution providing consumer banking, commercial lending, and capital management services. This news hub offers investors and stakeholders centralized access to official announcements and market-relevant updates.
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National Capital Bancorp reported strong Q1 2025 performance with net income of $1,673,000 ($1.46 per share), up from $1,170,000 ($1.02 per share) in Q1 2024. The bank's total assets reached $716.8 million, with total loans at $521.1 million and deposits at $619.6 million.
Key highlights include:
- Net interest margin improved to 3.65% in Q1 2025, up from 3.20% in Q1 2024
- Total shareholders' equity increased to $61.3 million
- Return on average assets: 0.97%
- Return on average equity: 11.21%
The bank declared a cash dividend of $0.21 per share and approved a new $600,000 share repurchase program. While non-performing loans increased slightly to 0.80%, the bank maintains a cautious approach amid economic uncertainties, particularly monitoring office space commercial real estate and government contracting portfolios.
National Capital Bancorp (OTC Pink: NACB) has announced a share repurchase program of up to $600,000. The program allows for the repurchase of a maximum of 12,000 shares (approximately 1.0% of outstanding shares) through open market or private transactions, with an expiration date of February 28, 2026.
The company maintains flexibility in the program's execution, with no obligation to purchase any specific number of shares. Management has sole discretion over repurchases, which will depend on market pricing, conditions, and other business considerations. The program can be suspended, modified, or terminated at any time without prior notice.
National Capital Bancorp (NACB) reported strong financial results for Q4 and full-year 2024. Q4 net income reached $1,965,000 ($1.71 per share), up from $1,088,000 ($0.95 per share) in Q4 2023. Full-year 2024 net income was $6,381,000 ($5.55 per share), compared to $4,363,000 ($3.79 per share) in 2023.
The company implemented a 4:1 stock split in November 2024. Total assets reached $714,341,000, with loans at $519,152,000 (up 4.5% YoY) and deposits at $628,205,000 (up 8.2% YoY). The net interest margin improved to 3.42% in Q4 2024, up from 3.21% in Q4 2023.
The Board declared a quarterly dividend of $0.21 per share, a 27.3% increase over the previous quarter. Under its share repurchase program, the company bought back 2,596 shares at an average price of $47.76 in Q4 2024.
National Capital Bancorp (OTC Pink: NACB) reported Q3 2024 net income of $1,726,000 ($6.00 per share), up from $1,136,000 ($3.95 per share) in Q3 2023. The company's total assets reached $718,249,000, with loans increasing by $42.2 million (8.8%) year-over-year to $519,315,000. Total deposits grew by $44.4 million (7.9%) to $605,345,000. The Board declared a $0.66 per share dividend and announced a four-for-one stock split for shareholders of record as of November 12, 2024. The company maintained a stable net interest margin of 3.27% in Q3 2024.
National Capital Bancorp, Inc. (OTC Pink: NACB) reported net income of $1,520,000, or $5.28 per share, for Q2 2024, up from $1,190,000 in Q2 2023. For H1 2024, net income was $2,690,000, or $9.35 per share, compared to $2,139,000 in H1 2023. The improvement was attributed to productivity initiatives and a rebounding net interest margin. Total assets reached $715,959,000, with loans at $504,385,000 and deposits at $607,632,000. The company's net interest margin improved to 3.27% in Q2 2024. A dividend of $0.66 per share was declared, payable August 29, 2024. The company also repurchased 300 shares at an average price of $175.55 during Q2 2024.