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National Capital Bancorp, Inc. reports developments as the bank holding company for The National Capital Bank of Washington, a community banking institution serving individuals, families, businesses and the greater Washington, D.C. market. Company updates primarily cover quarterly earnings, cash dividends, net interest income, net interest margin, loan and deposit balances, credit-loss provisions, non-performing loans, liquidity and secured borrowing capacity.
Recurring announcements also include capital actions such as share repurchase authorization, completed stock-split adjustments, and governance or board leadership changes. The company’s news flow reflects a banking model centered on deposit-funded loan growth, core deposits, credit-quality monitoring and community-bank relationship activity.
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.
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National Capital Bancorp (NACB) reported a net income of $949,000, or $3.30 per share for Q1 2023, compared to $837,000 or $2.92 per share in Q1 2022, driven by improved net interest margin of 3.45%. Despite a year-over-year decrease in total assets to $661.4 million, total loans increased to $438.4 million. Deposits, however, fell by $7.2 million to $564.6 million. The bank aims to reassure clients about safety following the recent bank failures and provides enhanced FDIC coverage options. The Board declared a dividend of $0.60 per share, payable on May 30, 2023.
National Capital Bancorp, Inc. (OTC Pink: NACB) reported a net income of $1,355,000 ($4.71 per share) for Q4 2022, up from $1,323,000 ($4.62 per share) in Q4 2021. For the year, net income was $4,588,000 ($15.98 per share), compared to $4,646,000 ($16.23) in 2021. Total loans grew to $425,149,000, marking a $51 million organic growth in 2022. However, total assets dropped to $644,156,000 from $734,709,000 year-over-year. The company declared a dividend of $0.60 per share, payable February 28, 2023. The net interest margin improved to 3.51% in Q4 2022. Total deposits fell to $571,751,000, reflecting a decrease in client deposits.
The National Capital Bank of Washington (NACB) has welcomed Daryl P. Drumming as Vice President and Branch Manager of its Friendship Heights branch. Drumming brings over 30 years of community banking experience, previously serving at PNC in Tenleytown. His role will focus on expanding market share and enhancing customer service. NACB, established in 1889, is known for its strong community presence, offering a range of banking services. President Jimmy Olevson expressed confidence in Drumming’s leadership and commitment to relationship banking, anticipating positive contributions to the bank's growth.