Capital Bancorp(CBNK) - 2024 Q2 - Quarterly Results
Capital Bancorp(CBNK)2024-07-23 04:00
Capital Bancorp, Inc. Announces Broad Based Growth and Expanding Margin Leading to a 25% Net Income Increase from the Prior Quarter Second Quarter 2024 Results • Net Income of $8.2 million, or $0.59 per share ◦ 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 Income increased $2.1 million, or 5.9%, from 1Q 2024 • Net Interest Margin ("NIM") increased to 6.46% as compared to 6.24% (1Q 2024) (1) ◦ Core NIM, as adjusted ...