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National Cap Bancorp Inc - NACB STOCK NEWS

Welcome to our dedicated news page for National Cap Bancorp (Ticker: NACB), a resource for investors and traders seeking the latest updates and insights on National Cap Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect National Cap Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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National Capital Bancorp, Inc., the holding company for The National Capital Bank of Washington, reported a net income of $1,170,000 for the first quarter of 2024, showing an improvement over the previous year. Total assets, loans, and deposits increased year-over-year. The Company's net interest margin remained stable, but lower compared to the first quarter of 2023. Total shareholders' equity also increased. The Board declared a dividend of $0.66 per share and approved a share repurchase program of up to $300,000.
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National Capital Bancorp, Inc. reported net income of $1,088,000 for the three months ended December 31, 2023, compared to $1,355,000 for the same period in 2022. For the year ended December 31, 2023, the Company reported net income of $4,363,000, compared to $4,588,000 in 2022. The recovery of provision for credit losses in the prior year and a stronger net interest margin were the leading factors in the decrease in Company profitability in the fourth quarter of 2023. The Company has implemented cost reduction initiatives to help offset the pressure from increased funding costs. Total assets increased to $703,051,000 on December 31, 2023, and total loans increased by $19.9 million during the quarter. While the net interest margin decreased slightly, the Company saw strong core deposit growth in the fourth quarter, reflecting the efforts of the commercial and retail team members. The Company's Board of Directors declared a dividend of $0.66 per share for shareholders of record as of February 14, 2024, representing a 10.0% increase over the prior quarterly dividend.
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National Capital Bancorp, Inc. reports net income of $1,136,000 for Q3 2023, compared to $1,285,000 in Q3 2022. Total assets increased to $682,002,000. Total loans increased by $12.0 million during the quarter and $52.0 million on a year-to-date basis. Total deposits remained stable at $560,930,000. The company's net interest margin was 3.23% in Q3 2023. Total shareholders' equity increased to $49,542,000. The company declared a dividend of $0.60 per share.
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National Capital Bancorp, Inc. (OTC Pink: NACB) reported net income of $1.19 million for Q2 2023, compared to $1.11 million in Q2 2022. Total assets increased to $673.2 million. Total loans increased by $26.7 million during the quarter. Total deposits remained stable at $563.8 million. The company's net interest margin was 3.30% in Q2 2023. Total shareholders' equity increased to $50.4 million. The company declared a dividend of $0.60 per share.
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National Cap Bancorp Inc

OTC:NACB

NACB Rankings

NACB Stock Data

47.48M
Commercial Banking
Finance and Insurance
Link
United States
Washington