Capital Bancorp, Inc. Announces 4Q and Full Year 2024 Results; Successful Close of the IFH Acquisition; Robust Organic Loan and Deposit Growth; Diversified Business Model Drives Strong Performance

Fourth Quarter 2024 Results Net Income of $7.5 million, or$0.45 per share, and return on average assets of 0.96% Net Income of $15.5 million, or$0.92 per share, and return on average assets of 1.97% as adjusted to exclude the impact of merger-related expenses, initial Integrated Financial Holdings, Inc. ("IFH") Allowance for Credit Losses ("ACL") provision, and a non-recurring legacy IFH equity and debt investment write-down (non-GAAP)(1) Tangible Book Value Per Share(1) of $18.77, decreased 6.8$1.3 ...