Capital Bancorp Inc (CBNK) |
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Price: $20.1800
$0.05
0.248%
|
Day's High:
| $20.5
| Week Perf:
| -0.64 %
|
Day's Low: |
$ 19.91 |
30 Day Perf: |
-3 % |
Volume (M): |
35 |
52 Wk High: |
$ 25.00 |
Volume (M$): |
$ 704 |
52 Wk Avg: |
$19.63 |
Open: |
$19.91 |
52 Wk Low: |
$15.00 |
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Market Capitalization (Millions $) |
284 |
Shares
Outstanding (Millions) |
14 |
Employees |
112 |
Revenues (TTM) (Millions $) |
157 |
Net Income (TTM) (Millions $) |
36 |
Cash Flow (TTM) (Millions $) |
-26 |
Capital Exp. (TTM) (Millions $) |
3 |
Capital Bancorp Inc
Chicopee Bancorp, Inc., a Massachusetts corporation, was formed on March 14,
2006 by Chicopee Savings Bank (the “Bank” or “Chicopee Savings
Bank”) to become the holding company for the Bank upon completion of the
Bank’s conversion from a mutual savings bank to a stock savings bank. The
conversion and the offering were completed on July 19, 2006.
The Bank, a Massachusetts stock savings bank, was organized in 1845 under the
name Cabot Savings Bank and adopted its present name in 1854. The Bank is a
full-service, community oriented financial institution offering products and
services to individuals and businesses through nine offices located in Western
Massachusetts. The Bank’s deposits are insured by the Federal Deposit
Insurance Corporation (“FDIC”) and Depositor’s Insurance Fund
(“DIF”) of Massachusetts. The Bank is also a member of the Federal
Home Loan Bank of Boston (“FHLB”) and is regulated by the FDIC and
the Massachusetts Division of Banks. Chicopee Savings Bank’s business
consists primarily of making loans to its customers, including residential mortgages,
commercial real estate loans, commercial loans, consumer loans and home equity
loans, and investing in a variety of investment securities. The Bank funds these
lending and investment activities with deposits from the general public, funds
generated from operations and borrowings. The Bank also sells residential one-to-four
family real estate loans to the secondary market to reduce interest rate risk.
The Bank’s revenues are derived from the generation of interest and fees
on loans, interest and dividends on investment securities, fees from its retail
banking operation, and investment management. The Bank’s primary sources
of funds are deposits, principal and interest payments on loans and investments,
advances from the FHLB and proceeds from loan sales. The Bank also provides
access to insurance and investment products through its Financial Services Division.
We offer fixed-rate residential real estate loans secured by one-to-four family
residences with terms between 10 and 30 years. Management establishes the loan
interest rates based on market conditions. Interest rates and payments on our
adjustable-rate mortgage loans generally adjust annually after an initial fixed
period that ranges from one to ten years. Interest rates and payments on our
adjustable-rate loans generally are adjusted to a rate typically equal to 3.50
percentage points above the one-year constant maturity Treasury index. The maximum
amount by which the interest rate on our adjustable-rate mortgage loans may
be increased or decreased is generally 2 percentage points per adjustment period
and the lifetime interest rate cap is generally 6 percentage points over the
initial interest rate of the loan. We also offer adjustable-rate mortgage loans
that adjust every three years after an initial three-year fixed period and adjustable-rate
mortgage loans that adjust every five years after an initial six-year fixed
period. Interest rates and payments on these adjustable-rate loans generally
are adjusted to a rate typically equal to 3.50 percentage points above the three-
and five-year constant maturity Treasury index.
Chicopee Funding Corporation. Chicopee Funding Corporation was incorporated
in Massachusetts in 2006. Chicopee Bancorp, Inc. contributed funds to Chicopee
Funding Corporation to enable it to make a 20-year loan to the employee stock
ownership plan to allow it to purchase shares of the Company’s common
stock as part of the initial public offering. The Employee Stock Ownership Plan
purchased 595,149 shares in the initial public offering, or 8% of the 7,439,368
shares issued in connection with the Bank’s mutual-to-stock conversion.
The following are descriptions of Chicopee Savings Bank’s wholly-owned
subsidiaries:
CSB Colts, Inc. CSB Colts, Inc. was formed in 2003 as a Massachusetts corporation
to engage in buying, selling and holding securities on its own behalf. As a
Massachusetts securities corporation, the income earned on CSB Colts’
investment securities is subject to a lower state tax rate than that assessed
on income earned on investment securities maintained at Chicopee Savings Bank.
CSB Investment Corp. CSB Investment Corp. was formed in 2003 as a Massachusetts
corporation to engage in buying, selling and holding securities on its own behalf.
As a Massachusetts securities corporation, the income earned on CSB Investment’s
investment securities is subject to a lower state tax rate than that assessed
on income earned on investment securities maintained at Chicopee Savings Bank.
Cabot Realty L.L.C. Cabot Realty L.L.C. was formed as a Massachusetts limited
liability company to hold other real estate owned (“OREO”). Cabot
Realty’s net loss for the year ended December 31, 2015 was $297,000. Cabot
Management Corporation, a wholly owned subsidiary of Chicopee Savings Bank,
has a 1% membership interest in, and Chicopee Savings Bank has a 99% membership
interest in, Cabot Realty.
Cabot Management Corporation. Cabot Management Corporation was formed in 1979
as a Massachusetts corporation to acquire and manage interests in real property
and to acquire, construct, rehabilitate, lease, finance and dispose of housing
facilities.
Deposits, borrowings and loan repayments are the major sources of our funds
for lending and other investment purposes. Loan repayments are a relatively
stable source of funds, while deposit inflows and outflows and loan prepayments
are significantly influenced by general interest rates and money market conditions.
Company Address: 2275 Research Boulevard Rockville 20850 MD
Company Phone Number: 468-8848 Stock Exchange / Ticker: NASDAQ CBNK
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Customers Net Income fell by |
CBNK's Customers Net Profit Margin fell to |
-4.36 % |
11.29 %
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Stock Performances by Major Competitors |
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Capital Bancorp Inc
Capital Bancorp Inc has had a rollercoaster of a year, with shares dropping by -0.15% in the past 5 trading days, bringing the year-to-date performance to -18.51%. However, despite this decrease in share value, the company has managed to increase its earnings per share in the fourth quarter of 2023. In the recent financial span from October to December 31, 2023, Capital Bancorp Inc reported a decrease in revenue but an increase in earnings per share. Income per share surged by 5.33% to $0.65 per share, while revenue fell by -0.747% to $38.14 million year-on-year. This improvement in earnings per share is a positive sign for the company, especially as revenue decreased.
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Partnership
Published Mon, Feb 12 2024 4:19 PM UTC
OpenSky Partners with The Balancing Act on Lifetime TV to Empower Women Through Financial WellnessROCKVILLE, Md., Feb. 12, 2024 - OpenSky, a division of Capital Bank, N.A., is excited to announce its collaboration with the esteemed morning show, The Balancing Act, airing on Lifetime TV on February 12th at 7:30 am EST + PST. Hosted by Montel Williams and Olga Villaverde, The ...
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Capital Bancorp Inc
Capital Bancorp Inc, the holding company for Capital Bank, N.A, announced their financial results for the fiscal time frame closing on September 30, 2023. The company reported soft earnings with profits decreasing by -9.09% to $0.70 per share and revenue decreasing by -3.981% to $40.83 million, year on year. When compared to the previous reporting period, the company saw a surge in revenue by 4.256% from $39.17 million and profits grew by 34.62% from $0.52 per share. However, net profits in the fiscal time frame closing on September 30, 2023, fell by -11.78% to $9.788 million from $11.095 million in the corresponding period a year before.
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Capital Bancorp Inc
Capital Bancorp Inc, a leading player in the commercial banking industry, has been struggling to maintain its financial stability in the second quarter of 2023. With a substantial drop in income per share and net income, coupled with a decrease in revenue, the company's performance is far from impressive. Despite a slight increase in share prices over the past five trading days, the overall year-to-date performance remains negative. Furthermore, the market's confidence in the stock seems to be waning, as it is trading significantly below its 52-week high. Let's examine in detail the reasons why Capital Bancorp Inc is heading towards a bearish trajectory. Financial Performance: In the second quarter of 2023, Capital Bancorp Inc witnessed a concerning -35% drop in income per share, declining from $0.80 to $0.52 compared to the previous year. Additionally, income faded by -23.53% from $0.68 per share in the preceding reporting period. Revenue depreciated by -6.14% to $39.17 million from $41.73 million in the same reporting period a year earlier. Although the revenue did grow by a meager 0.803% sequentially from $38.85 million, it is a far cry from the substantial growth seen in the wider commercial banks industry, which witnessed a 12.66% rise in revenue during the same period.
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Capital Bancorp Inc
Capital Bancorp Inc is a commercial bank that provides financial services to individuals and businesses in the United States. It operates through its subsidiary, Capital Bank, N.A., and is headquartered in Rockville, Maryland. The bank offers a range of products and services such as commercial and consumer banking, real estate lending, mortgage banking, and treasury management, among others. The recent financial results of Capital Bancorp Inc for the first quarter of 2023 show both positive and negative outcomes. Firstly, the return on equity (ROE) of 18.79% is above its average ROE of 12.63%, indicating an improvement in the bank's profitability in the quarter. However, the ROE decreased compared to the previous quarter, despite the net income growth of 8.29% from the previous quarter. Moreover, six other companies within the commercial banks industry had a higher ROE than Capital Bancorp Inc in the quarter.
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Per Share |
Current |
Earnings (TTM) |
2.55 $ |
Revenues (TTM) |
11.16 $
|
Cash Flow (TTM) |
- |
Cash |
-
|
Book Value |
18.12 $
|
Dividend (TTM) |
0.28 $ |
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Per Share |
|
Earnings (TTM) |
2.55 $
|
Revenues (TTM) |
11.16 $ |
Cash Flow (TTM) |
- |
Cash |
-
|
Book Value |
18.12 $ |
Dividend (TTM) |
0.28 $ |
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