Annual Income Statements for Capital Bancorp
This table shows Capital Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Capital Bancorp
This table shows Capital Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
11 |
8.99 |
9.74 |
7.32 |
9.79 |
9.03 |
6.56 |
8.21 |
8.67 |
7.53 |
Consolidated Net Income / (Loss) |
|
11 |
8.99 |
9.74 |
7.32 |
9.79 |
9.03 |
6.56 |
8.21 |
8.67 |
7.53 |
Net Income / (Loss) Continuing Operations |
|
11 |
8.99 |
9.74 |
7.32 |
9.79 |
9.03 |
6.56 |
8.21 |
8.67 |
7.53 |
Total Pre-Tax Income |
|
14 |
12 |
13 |
9.57 |
13 |
11 |
8.62 |
11 |
11 |
11 |
Total Revenue |
|
44 |
41 |
41 |
42 |
43 |
41 |
41 |
44 |
45 |
56 |
Net Interest Income / (Expense) |
|
37 |
35 |
34 |
35 |
37 |
35 |
35 |
37 |
38 |
44 |
Total Interest Income |
|
38 |
41 |
43 |
45 |
48 |
47 |
48 |
51 |
53 |
62 |
Loans and Leases Interest Income |
|
36 |
39 |
41 |
43 |
45 |
45 |
46 |
48 |
50 |
59 |
Investment Securities Interest Income |
|
1.36 |
1.40 |
1.38 |
1.27 |
1.09 |
1.08 |
1.25 |
1.31 |
1.34 |
1.54 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
0.53 |
1.18 |
0.76 |
0.82 |
1.27 |
0.78 |
1.13 |
1.03 |
1.22 |
1.57 |
Total Interest Expense |
|
1.66 |
6.15 |
8.93 |
9.74 |
11 |
12 |
13 |
14 |
14 |
17 |
Deposits Interest Expense |
|
1.39 |
4.38 |
7.75 |
9.41 |
11 |
12 |
13 |
13 |
14 |
16 |
Long-Term Debt Interest Expense |
|
0.28 |
1.77 |
1.18 |
0.33 |
0.23 |
0.32 |
0.53 |
0.51 |
0.35 |
1.00 |
Total Non-Interest Income |
|
7.11 |
5.61 |
6.03 |
6.69 |
6.33 |
5.94 |
5.97 |
6.89 |
6.64 |
12 |
Other Service Charges |
|
0.42 |
28 |
0.43 |
0.40 |
0.45 |
24 |
5.97 |
0.37 |
0.46 |
27 |
Provision for Credit Losses |
|
1.26 |
2.38 |
1.66 |
2.86 |
2.28 |
2.71 |
2.87 |
3.42 |
3.75 |
8.07 |
Total Non-Interest Expense |
|
28 |
27 |
26 |
30 |
28 |
27 |
29 |
29 |
30 |
38 |
Salaries and Employee Benefits |
|
11 |
12 |
13 |
12 |
12 |
12 |
13 |
13 |
13 |
17 |
Net Occupancy & Equipment Expense |
|
8.32 |
8.09 |
7.74 |
8.10 |
7.82 |
7.70 |
8.37 |
8.65 |
8.72 |
10 |
Marketing Expense |
|
1.63 |
0.73 |
0.52 |
2.65 |
1.57 |
1.43 |
2.03 |
2.07 |
1.22 |
1.03 |
Other Operating Expenses |
|
7.40 |
6.21 |
5.41 |
6.71 |
6.24 |
6.14 |
5.46 |
5.41 |
5.92 |
7.17 |
Restructuring Charge |
|
- |
- |
0.00 |
0.00 |
0.00 |
- |
0.71 |
0.08 |
0.52 |
2.62 |
Income Tax Expense |
|
3.34 |
2.65 |
2.92 |
2.26 |
3.00 |
2.19 |
2.06 |
2.73 |
2.83 |
3.24 |
Basic Earnings per Share |
|
$0.79 |
$0.64 |
$0.69 |
$0.52 |
$0.70 |
$0.65 |
$0.47 |
$0.59 |
$0.62 |
$0.44 |
Weighted Average Basic Shares Outstanding |
|
14.03M |
14.02M |
14.16M |
14.02M |
13.93M |
14.00M |
13.92M |
13.89M |
13.91M |
14.58M |
Diluted Earnings per Share |
|
$0.77 |
$0.63 |
$0.68 |
$0.52 |
$0.70 |
$0.65 |
$0.47 |
$0.59 |
$0.62 |
$0.44 |
Weighted Average Diluted Shares Outstanding |
|
14.37M |
14.36M |
14.27M |
14.06M |
14.02M |
14.08M |
13.92M |
13.89M |
13.95M |
14.64M |
Weighted Average Basic & Diluted Shares Outstanding |
|
14.06M |
14.15M |
14.04M |
13.94M |
13.89M |
13.90M |
13.89M |
13.91M |
16.56M |
16.65M |
Annual Cash Flow Statements for Capital Bancorp
This table details how cash moves in and out of Capital Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-103 |
-26 |
151 |
Net Cash From Operating Activities |
51 |
47 |
35 |
Net Cash From Continuing Operating Activities |
51 |
47 |
35 |
Net Income / (Loss) Continuing Operations |
42 |
36 |
31 |
Consolidated Net Income / (Loss) |
42 |
36 |
31 |
Provision For Loan Losses |
6.59 |
9.51 |
18 |
Depreciation Expense |
0.36 |
0.32 |
0.74 |
Amortization Expense |
0.54 |
0.19 |
0.36 |
Non-Cash Adjustments to Reconcile Net Income |
12 |
1.16 |
-17 |
Changes in Operating Assets and Liabilities, net |
-9.60 |
0.36 |
2.11 |
Net Cash From Investing Activities |
-198 |
-131 |
-270 |
Net Cash From Continuing Investing Activities |
-198 |
-131 |
-270 |
Purchase of Investment Securities |
-325 |
-190 |
-388 |
Sale and/or Maturity of Investments |
24 |
56 |
118 |
Other Investing Activities, net |
102 |
3.01 |
-0.13 |
Net Cash From Financing Activities |
44 |
57 |
386 |
Net Cash From Continuing Financing Activities |
44 |
57 |
386 |
Net Change in Deposits |
-39 |
138 |
407 |
Issuance of Debt |
0.00 |
15 |
-15 |
Repayment of Debt |
85 |
-85 |
0.00 |
Repurchase of Common Equity |
0.00 |
-8.83 |
-1.40 |
Payment of Dividends |
-3.09 |
-3.92 |
-5.28 |
Other Financing Activities, Net |
1.24 |
1.79 |
1.08 |
Cash Interest Paid |
9.48 |
37 |
55 |
Cash Income Taxes Paid |
12 |
7.70 |
9.10 |
Quarterly Cash Flow Statements for Capital Bancorp
This table details how cash moves in and out of Capital Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-214 |
43 |
60 |
-21 |
27 |
-92 |
31 |
51 |
20 |
49 |
Net Cash From Operating Activities |
|
16 |
6.04 |
10 |
8.40 |
22 |
6.19 |
-3.41 |
13 |
-0.46 |
26 |
Net Cash From Continuing Operating Activities |
|
16 |
6.04 |
10 |
8.40 |
22 |
6.19 |
-3.41 |
13 |
-0.46 |
26 |
Net Income / (Loss) Continuing Operations |
|
11 |
8.99 |
9.74 |
7.32 |
9.79 |
9.03 |
6.56 |
8.21 |
8.67 |
7.53 |
Consolidated Net Income / (Loss) |
|
11 |
8.99 |
9.74 |
7.32 |
9.79 |
9.03 |
6.56 |
8.21 |
8.67 |
7.53 |
Provision For Loan Losses |
|
1.37 |
2.33 |
1.65 |
2.87 |
2.31 |
2.69 |
2.88 |
3.44 |
3.79 |
8.00 |
Depreciation Expense |
|
0.08 |
0.08 |
0.07 |
0.07 |
0.10 |
0.09 |
0.09 |
0.08 |
0.08 |
0.49 |
Amortization Expense |
|
0.25 |
-0.79 |
-0.03 |
0.01 |
0.10 |
0.11 |
0.06 |
0.01 |
-0.02 |
0.31 |
Non-Cash Adjustments to Reconcile Net Income |
|
5.29 |
0.64 |
-1.27 |
-0.53 |
5.76 |
-2.80 |
-1.96 |
-8.91 |
-1.35 |
-5.14 |
Changes in Operating Assets and Liabilities, net |
|
-2.26 |
-5.22 |
0.20 |
-1.33 |
4.41 |
-2.92 |
-11 |
10 |
-12 |
15 |
Net Cash From Investing Activities |
|
-78 |
-68 |
-59 |
-6.70 |
-26 |
-39 |
-58 |
-66 |
-84 |
-63 |
Net Cash From Continuing Investing Activities |
|
-78 |
-68 |
-59 |
-6.70 |
-26 |
-39 |
-58 |
-66 |
-84 |
-63 |
Purchase of Investment Securities |
|
-93 |
-83 |
-60 |
-54 |
-26 |
-50 |
-79 |
-67 |
-98 |
-144 |
Sale and/or Maturity of Investments |
|
1.75 |
18 |
-1.83 |
47 |
0.49 |
11 |
21 |
2.40 |
15 |
80 |
Other Investing Activities, net |
|
13 |
-3.37 |
3.15 |
0.41 |
-0.54 |
-0.01 |
-0.09 |
-0.49 |
-0.97 |
1.42 |
Net Cash From Financing Activities |
|
-152 |
105 |
108 |
-23 |
31 |
-59 |
92 |
104 |
104 |
86 |
Net Cash From Continuing Financing Activities |
|
-152 |
105 |
108 |
-23 |
31 |
-59 |
92 |
104 |
104 |
86 |
Net Change in Deposits |
|
-151 |
20 |
186 |
-10 |
34 |
-72 |
110 |
95 |
86 |
117 |
Repayment of Debt |
|
- |
85 |
-75 |
-10 |
- |
- |
0.00 |
10 |
20 |
-30 |
Payment of Dividends |
|
-0.84 |
-0.84 |
-0.85 |
-0.84 |
-1.12 |
-1.11 |
-1.12 |
-1.11 |
-1.39 |
-1.66 |
Other Financing Activities, Net |
|
0.27 |
0.65 |
0.59 |
0.42 |
0.02 |
0.76 |
0.11 |
0.29 |
-0.01 |
0.68 |
Cash Interest Paid |
|
1.48 |
5.60 |
5.92 |
11 |
8.76 |
12 |
13 |
13 |
12 |
16 |
Cash Income Taxes Paid |
|
3.62 |
2.93 |
0.04 |
5.55 |
2.12 |
- |
0.04 |
0.02 |
0.02 |
9.03 |
Annual Balance Sheets for Capital Bancorp
This table presents Capital Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
2,124 |
2,226 |
3,207 |
Cash and Due from Banks |
20 |
15 |
25 |
Federal Funds Sold |
21 |
0.41 |
0.06 |
Interest Bearing Deposits at Other Banks |
40 |
39 |
180 |
Trading Account Securities |
252 |
208 |
224 |
Loans and Leases, Net of Allowance |
1,702 |
1,875 |
2,582 |
Loans and Leases |
1,729 |
1,903 |
2,630 |
Allowance for Loan and Lease Losses |
26 |
29 |
49 |
Loans Held for Sale |
7.42 |
7.48 |
21 |
Accrued Investment Income |
9.49 |
11 |
17 |
Premises and Equipment, Net |
3.39 |
5.07 |
16 |
Goodwill |
- |
0.00 |
21 |
Intangible Assets |
- |
0.00 |
16 |
Other Assets |
68 |
65 |
106 |
Total Liabilities & Shareholders' Equity |
2,124 |
2,226 |
3,207 |
Total Liabilities |
1,900 |
1,971 |
2,852 |
Non-Interest Bearing Deposits |
674 |
617 |
811 |
Interest Bearing Deposits |
1,084 |
1,279 |
1,951 |
Short-Term Debt |
12 |
27 |
12 |
Accrued Interest Payable |
1.03 |
5.58 |
9.39 |
Long-Term Debt |
107 |
22 |
22 |
Other Long-Term Liabilities |
21 |
21 |
46 |
Total Equity & Noncontrolling Interests |
224 |
255 |
355 |
Total Preferred & Common Equity |
224 |
255 |
355 |
Total Common Equity |
224 |
255 |
355 |
Common Stock |
58 |
55 |
129 |
Retained Earnings |
182 |
213 |
238 |
Accumulated Other Comprehensive Income / (Loss) |
-17 |
-13 |
-11 |
Quarterly Balance Sheets for Capital Bancorp
This table presents Capital Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
2,009 |
2,245 |
2,228 |
2,272 |
2,324 |
2,439 |
2,561 |
Cash and Due from Banks |
|
15 |
14 |
19 |
14 |
12 |
19 |
23 |
Federal Funds Sold |
|
1.42 |
0.46 |
0.38 |
1.96 |
0.06 |
0.06 |
0.06 |
Interest Bearing Deposits at Other Banks |
|
21 |
125 |
100 |
130 |
73 |
117 |
133 |
Trading Account Securities |
|
270 |
256 |
208 |
206 |
202 |
208 |
209 |
Loans and Leases, Net of Allowance |
|
1,622 |
1,760 |
1,810 |
1,834 |
1,935 |
1,991 |
2,076 |
Loans and Leases |
|
1,648 |
1,786 |
1,837 |
1,862 |
1,965 |
2,022 |
2,108 |
Allowance for Loan and Lease Losses |
|
26 |
26 |
27 |
28 |
29 |
31 |
32 |
Loans Held for Sale |
|
6.88 |
9.62 |
10 |
4.84 |
10 |
19 |
20 |
Accrued Investment Income |
|
7.89 |
9.99 |
10 |
11 |
12 |
12 |
12 |
Premises and Equipment, Net |
|
3.21 |
5.37 |
5.49 |
5.30 |
4.50 |
5.55 |
5.96 |
Other Assets |
|
63 |
64 |
65 |
65 |
63 |
65 |
82 |
Total Liabilities & Shareholders' Equity |
|
2,009 |
2,245 |
2,228 |
2,272 |
2,324 |
2,439 |
2,561 |
Total Liabilities |
|
1,795 |
2,011 |
1,990 |
2,030 |
2,065 |
2,171 |
2,281 |
Non-Interest Bearing Deposits |
|
806 |
706 |
693 |
681 |
666 |
685 |
718 |
Interest Bearing Deposits |
|
932 |
1,239 |
1,241 |
1,287 |
1,340 |
1,416 |
1,468 |
Accrued Interest Payable |
|
0.48 |
1.98 |
3.03 |
5.20 |
6.01 |
6.57 |
8.50 |
Long-Term Debt |
|
22 |
32 |
22 |
22 |
22 |
32 |
64 |
Other Long-Term Liabilities |
|
23 |
20 |
19 |
22 |
19 |
20 |
22 |
Total Equity & Noncontrolling Interests |
|
214 |
235 |
237 |
243 |
259 |
268 |
280 |
Total Preferred & Common Equity |
|
214 |
235 |
237 |
243 |
259 |
268 |
280 |
Total Common Equity |
|
214 |
235 |
237 |
243 |
259 |
268 |
280 |
Common Stock |
|
57 |
57 |
56 |
55 |
54 |
55 |
56 |
Retained Earnings |
|
175 |
191 |
197 |
206 |
219 |
226 |
233 |
Accumulated Other Comprehensive Income / (Loss) |
|
-18 |
-14 |
-16 |
-18 |
-14 |
-13 |
-8.61 |
Annual Metrics And Ratios for Capital Bancorp
This table displays calculated financial ratios and metrics derived from Capital Bancorp's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
1.58% |
-2.05% |
11.80% |
EBITDA Growth |
0.11% |
-15.24% |
-8.14% |
EBIT Growth |
0.66% |
-14.77% |
-9.50% |
NOPAT Growth |
4.57% |
-14.19% |
-13.66% |
Net Income Growth |
4.57% |
-14.19% |
-13.66% |
EPS Growth |
2.46% |
-12.37% |
-16.86% |
Operating Cash Flow Growth |
-61.09% |
-7.73% |
-26.34% |
Free Cash Flow Firm Growth |
-2,175.09% |
208.25% |
-172.38% |
Invested Capital Growth |
47.90% |
-11.41% |
28.06% |
Revenue Q/Q Growth |
-1.43% |
0.01% |
9.03% |
EBITDA Q/Q Growth |
-4.48% |
1.02% |
0.35% |
EBIT Q/Q Growth |
-3.64% |
-0.92% |
-1.08% |
NOPAT Q/Q Growth |
-2.75% |
0.11% |
-4.61% |
Net Income Q/Q Growth |
-2.75% |
0.11% |
-4.61% |
EPS Q/Q Growth |
-3.00% |
0.79% |
-9.01% |
Operating Cash Flow Q/Q Growth |
-31.38% |
0.33% |
129.55% |
Free Cash Flow Firm Q/Q Growth |
-483.77% |
978.27% |
-56.22% |
Invested Capital Q/Q Growth |
38.30% |
9.74% |
13.08% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
32.44% |
28.07% |
23.06% |
EBIT Margin |
31.91% |
27.76% |
22.47% |
Profit (Net Income) Margin |
24.59% |
21.54% |
16.64% |
Tax Burden Percent |
77.08% |
77.60% |
74.04% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
22.92% |
22.40% |
25.96% |
Return on Invested Capital (ROIC) |
14.54% |
11.09% |
8.94% |
ROIC Less NNEP Spread (ROIC-NNEP) |
14.54% |
11.09% |
8.94% |
Return on Net Nonoperating Assets (RNNOA) |
5.28% |
3.89% |
1.22% |
Return on Equity (ROE) |
19.82% |
14.98% |
10.15% |
Cash Return on Invested Capital (CROIC) |
-24.11% |
23.19% |
-15.67% |
Operating Return on Assets (OROA) |
2.60% |
2.13% |
1.54% |
Return on Assets (ROA) |
2.00% |
1.65% |
1.14% |
Return on Common Equity (ROCE) |
19.82% |
14.98% |
10.15% |
Return on Equity Simple (ROE_SIMPLE) |
18.66% |
14.07% |
8.72% |
Net Operating Profit after Tax (NOPAT) |
42 |
36 |
31 |
NOPAT Margin |
24.59% |
21.54% |
16.64% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
49.07% |
51.82% |
52.82% |
Operating Expenses to Revenue |
64.19% |
66.53% |
67.80% |
Earnings before Interest and Taxes (EBIT) |
54 |
46 |
42 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
55 |
47 |
43 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.44 |
1.29 |
1.32 |
Price to Tangible Book Value (P/TBV) |
1.44 |
1.29 |
1.48 |
Price to Revenue (P/Rev) |
1.90 |
1.98 |
2.53 |
Price to Earnings (P/E) |
7.71 |
9.20 |
15.19 |
Dividend Yield |
1.18% |
1.18% |
1.27% |
Earnings Yield |
12.97% |
10.87% |
6.58% |
Enterprise Value to Invested Capital (EV/IC) |
1.05 |
1.07 |
0.77 |
Enterprise Value to Revenue (EV/Rev) |
2.12 |
1.95 |
1.61 |
Enterprise Value to EBITDA (EV/EBITDA) |
6.54 |
6.95 |
6.97 |
Enterprise Value to EBIT (EV/EBIT) |
6.65 |
7.03 |
7.15 |
Enterprise Value to NOPAT (EV/NOPAT) |
8.63 |
9.06 |
9.66 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
7.02 |
6.85 |
8.57 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
4.33 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.53 |
0.19 |
0.10 |
Long-Term Debt to Equity |
0.48 |
0.09 |
0.06 |
Financial Leverage |
0.36 |
0.35 |
0.14 |
Leverage Ratio |
9.90 |
9.08 |
8.91 |
Compound Leverage Factor |
9.90 |
9.08 |
8.91 |
Debt to Total Capital |
34.70% |
16.14% |
8.75% |
Short-Term Debt to Total Capital |
3.52% |
8.90% |
3.10% |
Long-Term Debt to Total Capital |
31.19% |
7.24% |
5.65% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
65.30% |
83.86% |
91.25% |
Debt to EBITDA |
2.16 |
1.05 |
0.79 |
Net Debt to EBITDA |
0.70 |
-0.10 |
-3.99 |
Long-Term Debt to EBITDA |
1.94 |
0.47 |
0.51 |
Debt to NOPAT |
2.85 |
1.37 |
1.10 |
Net Debt to NOPAT |
0.92 |
-0.14 |
-5.53 |
Long-Term Debt to NOPAT |
2.56 |
0.61 |
0.71 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-69 |
75 |
-54 |
Operating Cash Flow to CapEx |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
-6.90 |
1.80 |
-0.93 |
Operating Cash Flow to Interest Expense |
5.12 |
1.14 |
0.60 |
Operating Cash Flow Less CapEx to Interest Expense |
5.12 |
1.14 |
0.60 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.08 |
0.08 |
0.07 |
Fixed Asset Turnover |
50.98 |
39.39 |
18.08 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
343 |
304 |
389 |
Invested Capital Turnover |
0.59 |
0.51 |
0.54 |
Increase / (Decrease) in Invested Capital |
111 |
-39 |
85 |
Enterprise Value (EV) |
361 |
325 |
299 |
Market Capitalization |
322 |
330 |
470 |
Book Value per Share |
$15.94 |
$18.34 |
$21.45 |
Tangible Book Value per Share |
$15.94 |
$18.34 |
$19.22 |
Total Capital |
343 |
304 |
389 |
Total Debt |
119 |
49 |
34 |
Total Long-Term Debt |
107 |
22 |
22 |
Net Debt |
39 |
-4.90 |
-171 |
Capital Expenditures (CapEx) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
119 |
49 |
34 |
Total Depreciation and Amortization (D&A) |
0.90 |
0.51 |
1.10 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$2.98 |
$2.56 |
$2.12 |
Adjusted Weighted Average Basic Shares Outstanding |
14.02M |
14.00M |
14.58M |
Adjusted Diluted Earnings per Share |
$2.91 |
$2.55 |
$2.12 |
Adjusted Weighted Average Diluted Shares Outstanding |
14.36M |
14.08M |
14.64M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
14.15M |
13.90M |
16.65M |
Normalized Net Operating Profit after Tax (NOPAT) |
42 |
36 |
34 |
Normalized NOPAT Margin |
24.59% |
21.54% |
18.20% |
Pre Tax Income Margin |
31.91% |
27.76% |
22.47% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
5.40 |
1.11 |
0.71 |
NOPAT to Interest Expense |
4.16 |
0.86 |
0.53 |
EBIT Less CapEx to Interest Expense |
5.40 |
1.11 |
0.71 |
NOPAT Less CapEx to Interest Expense |
4.16 |
0.86 |
0.53 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
7.38% |
10.93% |
17.03% |
Augmented Payout Ratio |
7.38% |
35.53% |
21.55% |
Quarterly Metrics And Ratios for Capital Bancorp
This table displays calculated financial ratios and metrics derived from Capital Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-1.95% |
-5.72% |
-2.66% |
-3.96% |
-1.48% |
0.03% |
1.15% |
4.57% |
4.30% |
37.76% |
EBITDA Growth |
|
-3.04% |
-19.14% |
-11.34% |
-36.30% |
-11.86% |
4.31% |
-30.79% |
15.30% |
-11.00% |
0.43% |
EBIT Growth |
|
-4.14% |
-14.98% |
-6.89% |
-34.42% |
-11.23% |
-3.69% |
-31.72% |
15.29% |
-10.10% |
-4.96% |
NOPAT Growth |
|
-0.73% |
-11.61% |
-4.66% |
-36.41% |
-11.78% |
0.44% |
-32.59% |
12.12% |
-11.40% |
-16.58% |
Net Income Growth |
|
-0.73% |
-11.61% |
-4.66% |
-36.41% |
-11.78% |
0.44% |
-32.59% |
12.12% |
-11.40% |
-16.58% |
EPS Growth |
|
-2.53% |
-12.50% |
-4.23% |
-35.00% |
-9.09% |
3.17% |
-30.88% |
13.46% |
-11.43% |
-32.31% |
Operating Cash Flow Growth |
|
-40.08% |
-79.57% |
12.80% |
-58.70% |
41.97% |
2.58% |
-132.95% |
53.49% |
-102.07% |
318.28% |
Free Cash Flow Firm Growth |
|
93.48% |
-285.85% |
-37.12% |
-22.56% |
-38.00% |
147.18% |
74.81% |
-41.28% |
-206.84% |
-261.35% |
Invested Capital Growth |
|
11.17% |
47.90% |
18.27% |
12.48% |
11.64% |
-11.41% |
5.37% |
14.89% |
24.28% |
28.06% |
Revenue Q/Q Growth |
|
0.05% |
-6.79% |
-0.74% |
3.74% |
2.64% |
-5.36% |
0.38% |
7.24% |
2.37% |
25.01% |
EBITDA Q/Q Growth |
|
-2.59% |
-25.91% |
15.87% |
-23.82% |
34.78% |
-12.32% |
-19.62% |
26.91% |
4.03% |
-1.06% |
EBIT Q/Q Growth |
|
-1.14% |
-19.33% |
8.50% |
-24.21% |
33.81% |
-12.48% |
-22.38% |
27.98% |
4.34% |
-7.48% |
NOPAT Q/Q Growth |
|
-3.59% |
-18.97% |
8.29% |
-24.83% |
33.75% |
-7.74% |
-27.33% |
25.04% |
5.69% |
-13.13% |
Net Income Q/Q Growth |
|
-3.59% |
-18.97% |
8.29% |
-24.83% |
33.75% |
-7.74% |
-27.33% |
25.04% |
5.69% |
-13.13% |
EPS Q/Q Growth |
|
-3.75% |
-18.18% |
7.94% |
-23.53% |
34.62% |
-7.14% |
-27.69% |
25.53% |
5.08% |
-29.03% |
Operating Cash Flow Q/Q Growth |
|
-22.22% |
-61.85% |
71.54% |
-18.86% |
167.36% |
-72.43% |
-155.09% |
478.02% |
-103.60% |
5,682.76% |
Free Cash Flow Firm Q/Q Growth |
|
25.66% |
-638.41% |
67.40% |
31.51% |
16.30% |
352.48% |
-117.40% |
-284.14% |
-81.79% |
-32.76% |
Invested Capital Q/Q Growth |
|
2.77% |
38.30% |
-18.80% |
-2.54% |
2.00% |
9.74% |
-3.42% |
6.26% |
10.34% |
13.08% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
33.71% |
26.79% |
31.27% |
22.97% |
30.16% |
27.94% |
21.40% |
25.32% |
25.74% |
20.37% |
EBIT Margin |
|
32.96% |
28.52% |
31.18% |
22.78% |
29.70% |
27.46% |
21.04% |
25.11% |
25.60% |
18.95% |
Profit (Net Income) Margin |
|
25.34% |
22.03% |
24.03% |
17.41% |
22.69% |
22.12% |
16.01% |
18.67% |
19.28% |
13.39% |
Tax Burden Percent |
|
76.88% |
77.23% |
76.96% |
76.44% |
76.55% |
80.51% |
76.09% |
75.05% |
75.42% |
69.91% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.15% |
100.00% |
99.81% |
100.04% |
100.00% |
99.06% |
99.85% |
101.14% |
Effective Tax Rate |
|
23.12% |
22.77% |
23.04% |
23.56% |
23.45% |
19.49% |
23.91% |
24.95% |
24.58% |
30.09% |
Return on Invested Capital (ROIC) |
|
18.55% |
13.02% |
15.79% |
11.35% |
14.39% |
11.38% |
9.35% |
10.81% |
10.60% |
7.19% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
18.55% |
13.02% |
15.79% |
11.35% |
14.39% |
11.38% |
9.35% |
10.81% |
10.60% |
7.19% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.13% |
4.73% |
2.83% |
1.74% |
2.15% |
4.00% |
1.48% |
1.67% |
1.99% |
0.98% |
Return on Equity (ROE) |
|
21.68% |
17.75% |
18.61% |
13.09% |
16.54% |
15.38% |
10.82% |
12.48% |
12.59% |
8.18% |
Cash Return on Invested Capital (CROIC) |
|
7.67% |
-24.11% |
-0.66% |
2.74% |
2.65% |
23.19% |
6.21% |
-2.34% |
-11.19% |
-15.67% |
Operating Return on Assets (OROA) |
|
2.72% |
2.32% |
2.41% |
1.74% |
2.31% |
2.10% |
1.54% |
1.82% |
1.81% |
1.30% |
Return on Assets (ROA) |
|
2.09% |
1.79% |
1.86% |
1.33% |
1.76% |
1.69% |
1.17% |
1.35% |
1.36% |
0.92% |
Return on Common Equity (ROCE) |
|
21.68% |
17.75% |
18.61% |
13.09% |
16.54% |
15.38% |
10.82% |
12.48% |
12.59% |
8.18% |
Return on Equity Simple (ROE_SIMPLE) |
|
20.09% |
0.00% |
17.62% |
15.64% |
14.75% |
0.00% |
12.60% |
12.54% |
11.59% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
11 |
8.99 |
9.74 |
7.32 |
9.79 |
9.03 |
6.56 |
8.21 |
8.67 |
7.53 |
NOPAT Margin |
|
25.34% |
22.03% |
24.03% |
17.41% |
22.69% |
22.12% |
16.01% |
18.67% |
19.28% |
13.39% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
47.27% |
50.43% |
51.38% |
54.45% |
50.55% |
50.88% |
56.89% |
54.60% |
51.77% |
49.31% |
Operating Expenses to Revenue |
|
64.16% |
65.64% |
64.72% |
70.41% |
65.02% |
65.91% |
71.95% |
67.11% |
66.07% |
66.70% |
Earnings before Interest and Taxes (EBIT) |
|
14 |
12 |
13 |
9.57 |
13 |
11 |
8.62 |
11 |
12 |
11 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
15 |
11 |
13 |
9.65 |
13 |
11 |
8.77 |
11 |
12 |
11 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.47 |
1.44 |
0.98 |
1.05 |
1.08 |
1.29 |
1.11 |
1.06 |
1.27 |
1.32 |
Price to Tangible Book Value (P/TBV) |
|
1.47 |
1.44 |
0.98 |
1.05 |
1.08 |
1.29 |
1.11 |
1.06 |
1.27 |
1.48 |
Price to Revenue (P/Rev) |
|
1.83 |
1.90 |
1.36 |
1.49 |
1.57 |
1.98 |
1.72 |
1.68 |
2.09 |
2.53 |
Price to Earnings (P/E) |
|
7.33 |
7.71 |
5.56 |
6.70 |
7.30 |
9.20 |
8.79 |
8.44 |
10.97 |
15.19 |
Dividend Yield |
|
0.94% |
1.18% |
1.42% |
1.35% |
1.39% |
1.18% |
1.45% |
1.86% |
1.33% |
1.27% |
Earnings Yield |
|
13.65% |
12.97% |
17.97% |
14.92% |
13.71% |
10.87% |
11.38% |
11.84% |
9.11% |
6.58% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.26 |
1.05 |
0.48 |
0.60 |
0.54 |
1.07 |
0.80 |
0.61 |
0.77 |
0.77 |
Enterprise Value to Revenue (EV/Rev) |
|
1.81 |
2.12 |
0.79 |
0.98 |
0.90 |
1.95 |
1.41 |
1.13 |
1.54 |
1.61 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
5.40 |
6.54 |
2.50 |
3.41 |
3.23 |
6.95 |
5.53 |
4.32 |
6.16 |
6.97 |
Enterprise Value to EBIT (EV/EBIT) |
|
5.54 |
6.65 |
2.51 |
3.39 |
3.20 |
7.03 |
5.61 |
4.39 |
6.24 |
7.15 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
7.26 |
8.63 |
3.23 |
4.41 |
4.17 |
9.06 |
7.22 |
5.69 |
8.12 |
9.66 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
4.16 |
7.02 |
2.54 |
4.03 |
3.16 |
6.85 |
7.02 |
5.01 |
17.33 |
8.57 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
17.27 |
0.00 |
0.00 |
23.33 |
21.46 |
4.33 |
13.30 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.16 |
0.53 |
0.19 |
0.14 |
0.14 |
0.19 |
0.13 |
0.16 |
0.23 |
0.10 |
Long-Term Debt to Equity |
|
0.10 |
0.48 |
0.14 |
0.09 |
0.09 |
0.09 |
0.08 |
0.12 |
0.23 |
0.06 |
Financial Leverage |
|
0.17 |
0.36 |
0.18 |
0.15 |
0.15 |
0.35 |
0.16 |
0.15 |
0.19 |
0.14 |
Leverage Ratio |
|
10.37 |
9.90 |
10.02 |
9.85 |
9.37 |
9.08 |
9.25 |
9.24 |
9.24 |
8.91 |
Compound Leverage Factor |
|
10.37 |
9.90 |
10.03 |
9.85 |
9.35 |
9.09 |
9.25 |
9.15 |
9.23 |
9.01 |
Debt to Total Capital |
|
13.73% |
34.70% |
15.82% |
12.55% |
12.30% |
16.14% |
11.60% |
14.13% |
18.61% |
8.75% |
Short-Term Debt to Total Capital |
|
4.86% |
3.52% |
4.33% |
4.44% |
4.36% |
8.90% |
4.11% |
3.87% |
0.00% |
3.10% |
Long-Term Debt to Total Capital |
|
8.87% |
31.19% |
11.49% |
8.10% |
7.94% |
7.24% |
7.50% |
10.26% |
18.61% |
5.65% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
86.27% |
65.30% |
84.18% |
87.45% |
87.70% |
83.86% |
88.40% |
85.87% |
81.39% |
91.25% |
Debt to EBITDA |
|
0.59 |
2.16 |
0.82 |
0.71 |
0.74 |
1.05 |
0.80 |
1.00 |
1.50 |
0.79 |
Net Debt to EBITDA |
|
-0.05 |
0.70 |
-1.80 |
-1.78 |
-2.42 |
-0.10 |
-1.20 |
-2.09 |
-2.17 |
-3.99 |
Long-Term Debt to EBITDA |
|
0.38 |
1.94 |
0.60 |
0.46 |
0.48 |
0.47 |
0.51 |
0.72 |
1.50 |
0.51 |
Debt to NOPAT |
|
0.79 |
2.85 |
1.07 |
0.92 |
0.95 |
1.37 |
1.04 |
1.31 |
1.97 |
1.10 |
Net Debt to NOPAT |
|
-0.07 |
0.92 |
-2.33 |
-2.30 |
-3.13 |
-0.14 |
-1.56 |
-2.75 |
-2.85 |
-5.53 |
Long-Term Debt to NOPAT |
|
0.51 |
2.56 |
0.77 |
0.59 |
0.61 |
0.61 |
0.67 |
0.95 |
1.97 |
0.71 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-14 |
-102 |
-33 |
-23 |
-19 |
48 |
-8.39 |
-32 |
-59 |
-78 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-8.32 |
-16.61 |
-3.73 |
-2.34 |
-1.75 |
3.99 |
-0.63 |
-2.38 |
-4.11 |
-4.47 |
Operating Cash Flow to Interest Expense |
|
9.52 |
0.98 |
1.16 |
0.86 |
2.06 |
0.51 |
-0.26 |
0.95 |
-0.03 |
1.49 |
Operating Cash Flow Less CapEx to Interest Expense |
|
9.52 |
0.98 |
1.16 |
0.86 |
2.06 |
0.51 |
-0.26 |
0.95 |
-0.03 |
1.49 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.07 |
0.07 |
0.07 |
0.07 |
Fixed Asset Turnover |
|
49.97 |
50.98 |
40.48 |
37.95 |
39.13 |
39.39 |
33.84 |
30.58 |
30.34 |
18.08 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
248 |
343 |
279 |
271 |
277 |
304 |
294 |
312 |
344 |
389 |
Invested Capital Turnover |
|
0.73 |
0.59 |
0.66 |
0.65 |
0.63 |
0.51 |
0.58 |
0.58 |
0.55 |
0.54 |
Increase / (Decrease) in Invested Capital |
|
25 |
111 |
43 |
30 |
29 |
-39 |
15 |
40 |
67 |
85 |
Enterprise Value (EV) |
|
312 |
361 |
134 |
164 |
149 |
325 |
236 |
191 |
264 |
299 |
Market Capitalization |
|
315 |
322 |
230 |
249 |
261 |
330 |
287 |
284 |
356 |
470 |
Book Value per Share |
|
$15.25 |
$15.94 |
$16.57 |
$16.92 |
$17.42 |
$18.34 |
$18.66 |
$19.28 |
$20.13 |
$21.45 |
Tangible Book Value per Share |
|
$15.25 |
$15.94 |
$16.57 |
$16.92 |
$17.42 |
$18.34 |
$18.66 |
$19.28 |
$20.13 |
$19.22 |
Total Capital |
|
248 |
343 |
279 |
271 |
277 |
304 |
294 |
312 |
344 |
389 |
Total Debt |
|
34 |
119 |
44 |
34 |
34 |
49 |
34 |
44 |
64 |
34 |
Total Long-Term Debt |
|
22 |
107 |
32 |
22 |
22 |
22 |
22 |
32 |
64 |
22 |
Net Debt |
|
-3.00 |
39 |
-96 |
-85 |
-112 |
-4.90 |
-51 |
-92 |
-93 |
-171 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
34 |
119 |
44 |
34 |
34 |
49 |
34 |
44 |
64 |
34 |
Total Depreciation and Amortization (D&A) |
|
0.33 |
-0.71 |
0.04 |
0.08 |
0.20 |
0.20 |
0.15 |
0.09 |
0.06 |
0.80 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.79 |
$0.64 |
$0.69 |
$0.52 |
$0.70 |
$0.65 |
$0.47 |
$0.59 |
$0.62 |
$0.44 |
Adjusted Weighted Average Basic Shares Outstanding |
|
14.03M |
14.02M |
14.16M |
14.02M |
13.93M |
14.00M |
13.92M |
13.89M |
13.91M |
14.58M |
Adjusted Diluted Earnings per Share |
|
$0.77 |
$0.63 |
$0.68 |
$0.52 |
$0.70 |
$0.65 |
$0.47 |
$0.59 |
$0.62 |
$0.44 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
14.37M |
14.36M |
14.27M |
14.06M |
14.02M |
14.08M |
13.92M |
13.89M |
13.95M |
14.64M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
14.06M |
14.15M |
14.04M |
13.94M |
13.89M |
13.90M |
13.89M |
13.91M |
16.56M |
16.65M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
11 |
8.99 |
9.74 |
7.32 |
9.79 |
9.03 |
7.10 |
8.27 |
9.06 |
9.36 |
Normalized NOPAT Margin |
|
25.34% |
22.03% |
24.03% |
17.41% |
22.69% |
22.12% |
17.33% |
18.81% |
20.15% |
16.64% |
Pre Tax Income Margin |
|
32.96% |
28.52% |
31.22% |
22.78% |
29.64% |
27.47% |
21.04% |
24.88% |
25.56% |
19.16% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
8.68 |
1.89 |
1.41 |
0.98 |
1.17 |
0.93 |
0.65 |
0.81 |
0.81 |
0.61 |
NOPAT to Interest Expense |
|
6.67 |
1.46 |
1.09 |
0.75 |
0.90 |
0.75 |
0.49 |
0.61 |
0.61 |
0.43 |
EBIT Less CapEx to Interest Expense |
|
8.68 |
1.89 |
1.41 |
0.98 |
1.17 |
0.93 |
0.65 |
0.81 |
0.81 |
0.61 |
NOPAT Less CapEx to Interest Expense |
|
6.67 |
1.46 |
1.09 |
0.75 |
0.90 |
0.75 |
0.49 |
0.61 |
0.61 |
0.43 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
6.83% |
7.38% |
7.83% |
9.10% |
10.19% |
10.93% |
12.80% |
13.26% |
14.57% |
17.03% |
Augmented Payout Ratio |
|
6.83% |
7.38% |
14.41% |
22.65% |
29.55% |
35.53% |
35.75% |
28.72% |
24.70% |
21.55% |
Key Financial Trends
Capital Bancorp (NASDAQ:CBNK) has demonstrated steady financial performance and growth over the trailing four years through 2024, based on the quarterly data analyzed.
Key positive aspects of the company’s recent financial performance include:
- Consistent growth in total interest income, reaching approximately $61.7 million in Q4 2024, up from about $41.3 million in Q4 2022, driven primarily by increases in loans and leases interest income.
- Net interest income has grown correspondingly, reaching $44.3 million in Q4 2024 from $35.2 million in Q4 2022, boosting the bank’s core earnings.
- Non-interest income diversified with significant contribution from other service charges, which peaked notably at $27.2 million in Q4 2024.
- Net income has shown improvement and resilience, achieving $7.5 million in Q4 2024, sustaining profitability after adjustments for credit loss provisions and taxes.
- Capital levels have strengthened, with total common equity increasing from approximately $214 million in Q3 2022 to $280 million by Q3 2024, signaling balance sheet strength.
- Liquidity appears robust with cash and equivalents showing growth, and deposits rising significantly, reaching nearly $2.15 billion in total assets by Q3 2024 compared to $2 billion in Q3 2022.
- Cash flow from operating activities turned positive and strong in Q4 2024 at about $25.9 million, improving from negative or weaker quarters in the past year.
- The number of shares outstanding remains relatively stable, mitigating dilution risks and supporting per-share metrics.
Neutral aspects to monitor:
- Provision for credit losses increased in recent quarters (e.g., $8 million in Q4 2024 vs. $2.7 million in Q4 2022), reflecting a cautious stance on credit risk but also delaying bottom-line improvements.
- Non-interest expenses have risen, reaching $37.5 million in Q4 2024 from $26.9 million in Q4 2022, reflecting ongoing investments and operating cost increases; efficiency ratios should be monitored.
Potential challenges or negative signals:
- Despite growth in revenues, net income in Q4 2024 ($7.5 million) is slightly lower compared to Q4 2023 ($9 million), partially due to higher credit loss provisions and expenses.
- Cash flows from investing activities remain materially negative each quarter due to investments purchases exceeding sales, impacting free cash flow generation.
- Capital expenditures and restructuring charges have moderately increased, which may pressure near-term profitability.
- Long-term debt levels rose from $22 million in Q1 2023 to over $64 million by Q3 2024, increasing interest expense and leverage risk.
In summary, Capital Bancorp shows steady revenue growth and improving balance sheet strength with some signs of cautious credit risk management impacting short-term earnings. Investors should watch trends in loan loss provisions, expense management, and debt levels for impact on future profitability and valuation.
08/23/25 05:54 AMAI Generated. May Contain Errors.