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 shown steady financial growth over the past four years, as reflected in its income statements, cash flow statements, and balance sheets.
Positive trends and highlights:
- Net Interest Income has increased from approximately $34.5 million in Q1 2023 to $44.3 million in Q4 2024, indicating strong core banking income growth.
- Total Revenue rose from about $40.5 million in Q1 2023 to $56.2 million in Q4 2024, driven by increases in both interest and non-interest income.
- Net Income attributable to common shareholders rose from $6.56 million in Q1 2024 to $7.53 million in Q4 2024, showing an improving bottom line.
- The provision for credit losses has increased over time but remains well covered by net income, reflecting prudent credit risk management.
- Deposits have grown consistently, with net changes showing strong inflows—$109.699 million in Q1 2024 and $116.763 million in Q4 2024—indicating solid customer deposit growth and liquidity.
- Common equity has risen steadily from approximately $234 million in Q1 2023 to about $280 million in Q3 2024, strengthening the bank's capital position.
- Diluted earnings per share improved from approximately $0.47 in Q1 2024 to $0.44 in Q4 2024, reflecting earnings growth despite a slight increase in share count.
- Net cash from continuing operating activities improved to a strong positive $25.9 million in Q4 2024, suggesting robust cash generation from core operations.
- Net loans and leases, net of allowance, increased from $1.76 billion in Q1 2023 to over $2.07 billion in Q3 2024, indicating growth in the bank's lending portfolio.
- Capital Bancorp has consistently paid dividends, with dividend per share rising modestly from $0.06 in early 2023 to $0.10 by Q4 2024, reflecting returning value to shareholders.
Neutral observations:
- The company continues to invest heavily in investment securities, with significant purchases each quarter balanced by sales or maturities, reflecting active portfolio management.
- Long-term debt levels have increased marginally but remain manageable given increasing equity and operational cash flows.
- Restructuring charges appeared sporadically, notably rising to $2.6 million in Q4 2024 from lower levels earlier, warranting observation regarding structural changes or strategy shifts.
- Accumulated Other Comprehensive Income / (Loss) remain negative but relatively stable, indicating some unrealized losses or other comprehensive income effects.
- The diluted share count has increased slightly over time, implying mild dilution effects but consistent share base management.
Negative factors to monitor:
- Provision for credit losses increased in Q4 2024 to over $8 million, more than doubling from Q3 2024, which might signal rising credit concerns or a more conservative outlook.
- Marketing expenses spiked sharply to $1.03 million in Q4 2024 from lower prior quarters, which could pressure margins if not matched with revenue gains.
- Net cash from continuing operating activities showed some quarterly volatility, including negative cash flow in Q3 2024, which may indicate timing or operational challenges.
- Other operating expenses and occupancy expenses have risen, with occupancy and equipment expense hitting over $10 million in Q4 2024, raising cost structure concerns.
- The bank repurchased shares and paid dividends consistently, which may constrain liquidity depending on capital requirements and market conditions.
Summary: Over the past four years, Capital Bancorp has demonstrated solid growth in loans, deposits, revenues, and earnings, supported by effective capital management. The noticeably higher provision for credit losses in the most recent quarter warrants attention as it could suggest emerging loan portfolio risks. Operating expenses and investment securities activity are areas to watch for their impact on profitability and liquidity. Overall, Capital Bancorp presents a picture of a growing community bank with improving profitability but some caution warranted on credit and cost trends.
09/12/25 05:28 PM ETAI Generated. May Contain Errors.