Capital Bancorp(CBNK) - 2024 Q2 - Quarterly Results

Second Quarter 2024 Results ◦ Net Income, as adjusted to exclude the impact of merger-related expenses (non-GAAP) , of $8.3 million, or $0.59 per share (1) • Net Interest Margin ("NIM") increased to 6.46% as compared to 6.24% (1Q 2024) • Loan Growth of $57.1 million, or 11.7% annualized for 2Q 2024 • Cash dividend of $0.10 per share declared, or 25% higher than the prior quarter The Company also declared a cash dividend on its common stock of $0.10 per share. The dividend is payable on August 21, 2024 to sh ...