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Stock impact report

1st Capital Bancorp Announces Second Quarter 2024 Financial Results [Yahoo! Finance]

Capital Bancorp, Inc. (CBNK) 
Last capital bancorp, inc. earnings: 4/30 07:59 am Check Earnings Report
Company Research Source: Yahoo! Finance
Bank (the “Bank”), today reported unaudited net income of $894 thousand, or $0.16 per diluted share, for the second quarter of 2024, compared to $901 thousand, or $0.16 per diluted share, in the preceding quarter and $609 thousand, or $0.11 per diluted share, for the second quarter of 2023. Net income for the first six months of 2024 was $1.8 million, an increase of $128 thousand, or 7.7%, compared to $1.7 million over the first six months of last year. “The combined effects of continued growth in loan portfolio, repricing of cash flows, and interest rate hedges are beginning to provide the net interest margin and profitability benefits as anticipated,” said President and Chief Executive Officer Sam Jimenez. “Separately, I want to highlight and acknowledge the professionalism and commitment of the 1st Capital team who ensure our clients and communities remain the focal point of our relationship and community-focused model. As we prepare to integrate our company with Santa Cruz Count Show less Read more
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