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Stock impact report

1st Capital Bancorp Announces First Quarter 2024 Financial Results [Yahoo! Finance]

Capital Bancorp, Inc. (CBNK) 
Last capital bancorp, inc. earnings: 4/30 07:59 am Check Earnings Report
Company Research Source: Yahoo! Finance
Bank (the “Bank”), today announced its unaudited financial results for the quarter ended March 31, 2024. The Company reported consolidated net income of $901 thousand, or $0.16 per diluted share, for the first quarter of 2024, compared to $677 thousand, or $0.12 per diluted share, for the preceding quarter and $0.19 per diluted share, for the first quarter of 2023. “Our operating performance for the first quarter of 2024 reflects the team's commitment and dedication in executing our relationship banking and community focused model along the central coast," said President and Chief Executive Officer Sam Jimenez. "While our funding costs and net interest margin (NIM) continues to be affected by elevated interest rates, we are confident that the combination of continuing strong loan demand, repricing cash flows, and rate hedges will provide NIM and profitability benefits in the coming quarters." At March 31, 2024, the Company, on a consolidated basis, had $1.0 billion in assets, $623 Show less Read more
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