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CAPITAL BANCORP REPORTS RESULTS FOR THIRD QUARTER OF 2018

Posted on October 25, 2018February 20, 2025 by Tami McMoran

ROCKVILLE, Md., Oct. 25, 2018 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (the “Company”) (NASDAQ: CBNK), holding company for Capital Bank, N.A. (the “Bank”), today reported net income of $3.1 million, or $0.26 per diluted share, for the third quarter of 2018. In comparison, net income was $2.9 million, or $0.26 per diluted share, for the third quarter of 2017. For the nine months ended September 30, 2018, net income grew 15.0% year over year to $9.3 million, or $0.77 per diluted share. In comparison, net income for the nine months ended September 30, 2017 was $7.7 million, or $0.67 per diluted share. Return on average assets was 1.19% and return on average equity was 13.69% for the third quarter of 2018. For the comparable period in 2017, the return on average assets was 1.17% and the return on average equity was 14.68%.