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Stock impact report

Capital Bancorp, Inc. Announces 4Q and Full Year 2024 Results; Successful Close of the IFH Acquisition; Robust Organic Loan and Deposit Growth; Diversified Business Model Drives Strong Per...

Capital Bancorp, Inc. (CBNK) 
Last capital bancorp, inc. earnings: 4/30 07:59 am Check Earnings Report
Company Research Source: GlobeNewswire
Fourth Quarter 2024 Results Net Income of $7.5 million, or $0.45 per share, and return on average assets of 0.96% Net Income of $15.5 million, or $0.92 per share, and return on average assets of 1.97% as adjusted to exclude the impact of merger-related expenses, initial Integrated Financial Holdings, Inc. ("IFH") Allowance for Credit Losses ("ACL") provision, and a non-recurring legacy IFH equity and debt investment write-down (non-GAAP)(1) Tangible Book Value Per Share(1) of $18.77, decreased 6.8%, or $1.36 as compared to $20.13 (3Q 2024), resulting from the acquisition of IFH and related purchase accounting impactsReturn on average equity of 8.50%, and return on average tangible common equity(1) of 9.47% Core return on average equity(1) of 17.68%, and core return on average tangible common equity(1) of 19.19% Net Interest Income increased $6.0 million, or 15.6% (not annualized), from 3Q 2024Net Interest Margin ("NIM") decreased to 5.87% as compared to 6.41% (3Q 2024) Core NI Show less Read more
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