ROCKVILLE, Md., May 19, 2025 (GLOBE NEWSWIRE) -- Capital Bank, N.A. has officially launched its new digital banking platform, powered by Q2, a leader in digital transformation for financial services. The upgrade delivers a secure, modern experience for business customers and marks a major step in the Bank’s ongoing digital evolution. Known for its agile, growth-oriented approach, Capital Bank continues to invest in technology that enhances efficiency and meets the demands of today’s business environment . T ...

ROCKVILLE, Md., May 19, 2025 (GLOBE NEWSWIRE) -- Capital Bancorp (NASDAQ: CBNK) announced today the expansion of its Commercial Banking operations in Delaware with the addition of several highly experienced relationship managers. This strategic move marks a key milestone in the Bank’s Mid-Atlantic growth strategy, positioning Capital Bank to serve more businesses across the state of Delaware and surrounding areas. Located in Southern Delaware, Ritchie Francia is a seasoned commercial banker with deep ties t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 001-38671 CAPITAL BANCORP INC. (Exact name of registrant as specified in its charter) Maryland 52-2083046 (State or other jurisdiction of inco ...

Capital Bancorp (CBNK) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earn ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 5th:GeneDx Holdings Corp. (WGS) : This genomics-related diagnostic and information services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.4% over the last 60 days.GeneDx’s shares gained 8.2% over the last three months compared with the S&P 500’s decline of 6.5%. The company possesses a Momentum Score  of A.Eagle Bancorp Montana, Inc ...

Group 1: Earnings Performance - Capital Bancorp reported quarterly earnings of $0.88 per share, exceeding the Zacks Consensus Estimate of $0.67 per share, and up from $0.51 per share a year ago, representing an earnings surprise of 31.34% [1] - The company posted revenues of $58.6 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.96%, compared to year-ago revenues of $40.98 million [2] - Over the last four quarters, Capital Bancorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates twice [2] Group 2: Stock Performance and Outlook - Capital Bancorp shares have declined approximately 1.4% since the beginning of the year, while the S&P 500 has decreased by 6.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.77 on $57 million in revenues, and for the current fiscal year, it is $3.18 on $229.8 million in revenues [7] Group 3: Industry Context - The Banks - Northeast industry, to which Capital Bancorp belongs, is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Capital Bancorp's stock performance [5] - Another company in the same industry, Arrow Financial, is expected to report quarterly earnings of $0.44 per share, reflecting a year-over-year change of -2.2% [9]

Financial Performance - The company reported net income of $13.9 million, or $0.82 per diluted share, for Q1 2025, an increase from $7.5 million, or $0.45 per diluted share, in Q4 2024, and $6.6 million, or $0.47 per diluted share, in Q1 2024 [4][10] - Core net income for Q1 2025 was $14.9 million, or $0.88 per diluted share, compared to $15.5 million, or $0.92 per diluted share in Q4 2024 [4][10] - Return on average assets (ROA) was 1.75%, and return on average equity (ROE) was 15.56% for Q1 2025, compared to 0.96% and 8.50% respectively in Q4 2024 [24][41] Balance Sheet Highlights - Total assets increased to $3.3 billion at March 31, 2025, up $142.9 million, or 18.1% (annualized), from December 31, 2024 [17] - Total deposits grew to $2.89 billion, an increase of $129.4 million, or 19.0% (annualized), from Q4 2024 [18] - Gross loans increased by $48.2 million, or 7.4% (annualized), during Q1 2025, with a year-over-year growth of $713.9 million [5][18] Income and Expense Analysis - Net interest income for Q1 2025 was $46.0 million, an increase of $1.7 million, or 3.9% (not annualized), from Q4 2024, and $11.0 million, or 31.5%, year-over-year [11][41] - Noninterest income totaled $12.5 million, representing 21.4% of total revenue for Q1 2025, an increase of $0.6 million from Q4 2024 and $6.6 million from Q1 2024 [5][15] - Noninterest expense was $38.1 million, an increase of $0.5 million from Q4 2024 and $8.6 million from Q1 2024, primarily due to the acquisition of IFH [15][41] Credit Quality Metrics - The allowance for credit losses (ACL) coverage ratio was 1.81% at March 31, 2025, down 4 bps from Q4 2024 and up 32 bps year-over-year [21] - Nonperforming assets increased to 1.21% of total assets at March 31, 2025, compared to 0.94% at December 31, 2024 [22][31] - Total nonaccrual loans increased to $40.5 million at March 31, 2025, up from $30.2 million at December 31, 2024 [22][31] Capital and Liquidity - The company maintained a Common Equity Tier-1 capital ratio of 13.33% as of March 31, 2025, compared to 13.74% at December 31, 2024 [18] - Cash and cash equivalents increased to $294.0 million at March 31, 2025, up $88.7 million from December 31, 2024 [18] - The average portfolio loans-to-deposit ratio was 95.15% for Q1 2025, compared to 99.27% in Q4 2024 [18]

Financial Performance - Net income for Q1 2025 was $13.9 million, or $0.82 per diluted share, compared to $7.5 million, or $0.45 per diluted share in Q4 2024, and $6.6 million, or $0.47 per diluted share in Q1 2024[4] - Core net income for Q1 2025 was $14.9 million, or $0.88 per diluted share, down from $15.5 million, or $0.92 per diluted share in Q4 2024[8] - Net income for Q1 2025 reached $13,932,000, representing an 84.9% increase from Q4 2024 and a 112.3% increase from Q1 2024[27] - Earnings per share (Basic) for Q1 2025 was $0.84, an increase of 86.7% from $0.45 in Q4 2024[27] - Core Earnings per Share - Diluted for Q1 2025 was $0.88, compared to $0.92 in Q4 2024, reflecting a decrease of 4.3%[46] Revenue and Income - Total Revenue for Q1 2025 reached $58,596,000, up from $56,240,000 in Q4 2024, indicating a growth of 4.2%[46] - Noninterest income for Q1 2025 was $12,549,000, up 5.3% from Q4 2024 and 110.1% from Q1 2024[27] - Total interest income for Q1 2025 was $62,760,000, an increase of 1.7% from $61,707,000 in Q4 2024[29] - Interest income for Q1 2025 was $62,760,000, an increase of 1.7% from Q4 2024 and 29.8% from Q1 2024[27] Assets and Deposits - Total assets increased to $3.3 billion as of March 31, 2025, up $142.9 million or 18.1% annualized from December 31, 2024, and up $1.0 billion or 44.1% year-over-year[12] - Total deposits grew by $129.4 million, or 19.0% (annualized), from Q4 2024, with year-over-year growth of $885.6 million, including $426.7 million from organic growth and $459.0 million from the IFH acquisition[3] - Total deposits reached $2.89 billion, increasing by $129.4 million or 19.0% annualized from December 31, 2024, and $885.6 million or 44.2% year-over-year, with $459.0 million attributed to the IFH acquisition[12] - Deposits increased to $2,891,333,000, reflecting a 44.2% growth from $2,005,695,000 in Q1 2024[28] Loan Performance - Gross loans increased by $48.2 million, or 7.4% (annualized), in Q1 2025, with a year-over-year growth of $713.9 million, including $340.4 million from organic growth and $373.5 million from the IFH acquisition[3] - Originations of loans held for sale totaled $65.8 million during Q1 2025, with a gain on sale of loans of $1.7 million, representing a 3.07% gain on sale percentage[25] - The portfolio loans receivable, net, reached $2,678,406,000 as of March 31, 2025, showing growth from $2,630,163,000 in the previous quarter[40] Credit Quality - The allowance for credit losses to total loans (ACL Coverage Ratio) was 1.81% at March 31, 2025, down 4 basis points from Q4 2024 and up 32 basis points from Q1 2024[3] - The allowance for credit losses rose to $48,454,000, a 65.1% increase from $29,350,000 in Q1 2024[28] - The company reported a provision for credit losses of $2,246,000 in Q1 2025, down from $7,828,000 in Q4 2024[29] - Nonperforming assets increased to 1.21% of total assets as of March 31, 2025, up 27 basis points from December 31, 2024, and 59 basis points year-over-year[14] - Total Nonperforming Loans reached $40,471 thousand, with a Nonperforming Loans to Total Portfolio Loans ratio of 1.51% as of March 31, 2025, up from 1.15% in the previous quarter[53] Efficiency and Profitability - Efficiency ratio improved to 64.9% for Q1 2025, compared to 66.7% in Q4 2024 and 72.0% in Q1 2024[13] - Return on Average Tangible Common Equity improved to 17.57% for the quarter ended March 31, 2025, up from 9.33% in the previous quarter[56] - Core return on average assets (annualized) for Q1 2025 was 1.87%, compared to 1.24% in Q1 2024[27] - The average yield on interest-earning assets was 8.24%, up 7 basis points from the prior quarter but down 39 basis points year-over-year[15] Acquisitions and Synergies - Estimated total cost synergies from the IFH acquisition reached $1.75 million in Q1 2025, achieving targeted savings earlier than anticipated[11] - Noninterest expense for Q1 2025 was $38.1 million, an increase of $0.5 million from Q4 2024 and $8.6 million from Q1 2024, primarily due to the acquisition of IFH[11] Stockholders' Equity - Stockholders' equity increased to $369,577,000 as of March 31, 2025, compared to $355,139,000 at the end of Q4 2024, reflecting a growth of 4.1%[30] - Tangible Book Value per Share increased to $19.81 as of March 31, 2025, compared to $19.10 at December 31, 2024[55] - The book value per common share increased to $22.19 as of March 31, 2025, up $0.87 from December 31, 2024, and $3.51 year-over-year[16]

Group 1: Fund Performance - The Fund reported an increase in net assets attributable to holders of units amounting to $27.25 million or $2.00 per unit for the year ended December 31, 2024 [1] - As of December 31, 2024, net assets attributable to holders of units were $122.66 million or $8.43 per unit [1] - Cash distributions to unitholders totaled $9.65 million or $0.70 per unit during the year [1] Group 2: Investment Strategy - The Fund aims to provide long-term capital appreciation through a portfolio primarily consisting of common shares of major Canadian banks [2] - The Fund will utilize modest leverage of 25.0 percent and may write call and put options to enhance investment returns and reduce acquisition costs [3] - The target yield for the Fund is set at 7.0 percent, with potential for additional capital growth beyond this yield [3] Group 3: Financial Overview - As of December 31, 2024, the Fund's total assets were $154.54 million, with liabilities of $31.88 million [5] - The Fund generated income, including net gains on investments, amounting to $29.45 million, with expenses recorded at $2.20 million [5] - The increase in net assets attributable to holders of units for the year was $27.25 million [5]

Financial Performance - Net income for the year ended December 31, 2024, was $31.0 million, a decrease of $4.9 million, or 13.7%, compared to the prior year[194]. - Net income for the year ended December 31, 2024 was $31.0 million, a decrease of 13.7% compared to $35.9 million in 2023[207]. - Net income decreased to $30,972 thousand in 2024 from $35,871 thousand in 2023, a decline of 13.4%[313]. - Total revenue increased to $186,156 thousand in 2024, compared to $166,501 thousand in 2023, reflecting a growth of 11.8%[313]. Interest Income and Margin - Net interest income increased by $13.2 million to $154.7 million, driven by an increase in average portfolio loans of $325.7 million[194]. - Net interest income increased by $13.2 million, or 9.3%, to $154.7 million, driven by an increase in average portfolio loans of $325.7 million[207]. - The net interest margin decreased by 38 basis points to 6.22% for the year ended December 31, 2024, compared to 6.60% for the prior year[194]. - Net interest margin decreased by 38 basis points to 6.22% for the year ended December 31, 2024[216]. - For the year ended December 31, 2024, total interest income was $30.1 million, an increase of $5.6 million, or 22.9%, compared to $24.5 million in 2023, driven by growth in interest-earning assets and elevated interest rates on portfolio loans[220]. Assets and Liabilities - Total assets increased by $980.7 million, or 44.1%, to $3.2 billion as of December 31, 2024[198]. - Total liabilities increased by $880.5 million from December 31, 2023, primarily due to the IFH acquisition[269]. - Average interest-earning assets increased by $342.4 million, or 16.0%, to $2.5 billion compared to the same period in 2023[195]. - Total interest-bearing deposits rose to $1,951.0 million as of December 31, 2024, up from $1,278.6 million in 2023[271]. Credit Losses and Provisions - The provision for credit losses was $17.7 million, an increase of $8.1 million from the prior year, influenced by organic commercial portfolio loan growth[195]. - Provision for credit losses rose to $17.7 million, an increase of 84.4% from $9.6 million in 2023[207]. - The allowance for credit losses (ACL) increased to $48.7 million as of December 31, 2024, compared to $28.6 million in 2023[268]. - The allowance for credit losses (ACL) as a percentage of portfolio loans was 1.85% at December 31, 2024, compared to 1.50% at December 31, 2023[222]. Noninterest Income and Expenses - Noninterest income increased by $6.4 million, or 25.8%, to $31.4 million, primarily due to contributions from the IFH acquisition[196]. - Noninterest income for 2024 was $31.4 million, up 25.8% from $25.0 million in the prior year, primarily due to contributions from the IFH acquisition[209]. - Noninterest expense increased by $15.5 million, or 14.0%, to $126.2 million, largely due to the IFH acquisition[210]. - Total noninterest expense for 2024 was $126.2 million, an increase of $15.5 million, or 14.0%, from $110.8 million in 2023, primarily due to the IFH acquisition[231]. Equity and Dividends - Stockholders' equity increased to $355.1 million as of December 31, 2024, compared to $254.9 million at December 31, 2023[198]. - Book value per share increased by $3.00, or 16.4%, from $18.31 in 2023 to $21.31 in 2024[235]. - Dividends per share increased by $0.08, or 28.6%, from $0.28 in 2023 to $0.36 in 2024[235]. Acquisitions - The acquisition of IFH on October 1, 2024, added total assets of $559.4 million, including gross loans of $373.5 million[197]. - The company acquired total assets of $559.4 million in connection with the IFH acquisition, including gross loans of $373.5 million[236]. Interest Rate Sensitivity - The bank's interest rate sensitivity position is asset-sensitive, meaning rising interest rates are expected to positively impact net interest income[327]. - The cumulative gap ratio to total earning assets is 35.12% as of December 31, 2024, indicating a significant asset sensitivity[329]. - The Asset/Liability Management Committee (ALCO) regularly reviews interest rate sensitivity and formulates strategies based on perceived levels of interest rate risk[326]. - The bank's exposure to interest rate risk is managed through a combination of static and dynamic simulation models to assess the impact of changing interest rates[329]. Other Financial Metrics - Return on average assets decreased to 1.21% in 2024 from 1.64% in 2023[313]. - Return on average equity decreased to 10.78% in 2024 from 14.91% in 2023[313]. - Core return on average tangible common equity, as adjusted, was 14.36% in 2024, compared to 14.91% in 2023[317].