National Capital Bancorp, Inc. Reports Third Quarter Earnings, Quarterly Cash Dividend and Four-For-One Stock Split [Yahoo! Finance]
NATIONAL CAP BANCORP INC (NACB)
NASDAQ:AMEX Investor Relations:
investor.capitalbank-us.com/investor-relations
Company Research
Source: Yahoo! Finance
Pink: NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank"), reported net income of $1,726,000, or $6.00 per common share, for the three months ended September 30, 2024, compared to net income of $1,136,000, or $3.95 per common share, for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, the Company reported net income of $4,416,000, or $15.35 per common share, compared to $3,275,000, or $11.39 per common share, for the nine months ended September 30, 2023. The earnings improvement was primarily attributable to the results of productivity improvement and cost-reduction initiatives that have taken place since early 2023 along with higher net interest income driven by continued growth in average earning assets. Total assets ended the quarter at $718,249,000 on September 30, 2024. Total loans of $519,315,000 on September 30, 2024 reflected an increase of $14.9 million during the quarter and an increase of $42.2 mi
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