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 solid financial growth over the past two years, with several key financial trends emerging from its most recent quarterly statements.
- Net interest income has consistently increased, reaching $44.3 million in Q4 2024, up from $35.2 million in Q1 2023 and $34.9 million in Q4 2022, indicating strong core earnings from lending activities.
- The company’s net income has grown steadily, achieving $7.5 million in Q4 2024 compared to $6.6 million in Q1 2024 and $9.0 million in Q4 2022, showing profitability improvements despite some quarterly fluctuations.
- Total deposits have increased significantly, with net changes of $116.8 million in Q4 2024 and $109.7 million in Q1 2024, supporting asset growth and funding stability.
- Provision for credit losses has risen moderately but remains manageable, increasing to around $8.1 million in Q4 2024 from lower levels in prior quarters, reflecting cautious credit risk management in a changing economic environment.
- Capital levels have strengthened, as total common equity rose to $280.1 million by Q3 2024 from $259.5 million at the beginning of 2024, bolstering the company’s financial resilience.
- The bank has maintained a consistent dividend policy, increasing cash dividends per share slightly over time (from $0.06 to $0.10 per share in recent quarters), which may attract income-focused investors.
- Non-interest income has fluctuated, with significant swings particularly in other service charges and other non-interest income, which includes some notable negative figures in 2023, suggesting volatility in fee-related earnings.
- Non-interest expenses, including salaries, occupancy, and marketing, have increased steadily to $37.5 million in Q4 2024, which may reflect operational expansion but also requires monitoring to ensure cost efficiency.
- Despite improvements in earnings, net cash from operating activities has shown volatility, including a negative $464,000 in Q3 2024, which could indicate working capital or receivables management challenges in some periods.
- Significant net cash outflows from investing activities have persisted, with purchases of investment securities exceeding sales in multiple quarters, resulting in negative cash flow from investing of $63.1 million in Q4 2024, potentially impacting liquidity if not matched by financing inflows.
Overall, Capital Bancorp displays solid fundamental growth in income and deposits, reflecting successful banking operations and expansion. However, investors should watch non-interest income volatility, higher operating expenses, and cash flow from investing trends, which might affect future profitability and liquidity. Consistent dividend payments and growing equity base offer additional support for shareholder value.
10/17/25 10:48 PM ETAI Generated. May Contain Errors.