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Stock impact report

1st Capital Bancorp Announces Fourth Quarter 2023 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
and parent company of 1st Capital Bank (the “Bank”), today reported unaudited net income of $677 thousand, or $0.12 per diluted share, for the quarter ended December 31, 2023, compared to net income of $1.19 million, or $0.22 per diluted share, for the quarter ended September 30, 2023, and $1.31 million, or $0.24 per diluted share, for the quarter ended December 31, 2022. For the twelve months ended December 31, 2023, net income was $3.5 million, or $0.64 per diluted share, compared to $8.6 million, or $1.55 per diluted share for the prior twelve months ended December 31, 2022. Loan demand remained strong in the fourth quarter as the Company's core loans increased $19.9 million, or 3.3%, at December 31, 2023, compared to September 30, 2023. Loan yields expanded 18 basis points (bps) to 5.24% for the quarter ended December 31, 2023, compared to 5.07% for the quarter ended September 30, 2023. Nonperforming assets to total assets was 0.18% as of December 31, 2023, versus 0.22% as of Se Show less Read more
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