Capital Bancorp Inc (CBNK) Earnings Report, Financial Results, Financial analysis

Capital Bancorp Inc reported in the third quarter of 2023 net earnings per share of $0.70 a decrease by -9.09 % year on year from $0.77 and an improvement of 34.62 % from $0.52 realized in II. Quarter (Jun 30 2023).

*third quarter of 2023*
Earnings Per Share	Revenues
$ 0.7	$ 41 Mill
$-0.07 -9.09 %	$-2M -3.98 %

Capital Bancorp Inc's Revenue fell by -3.98 % in third quarter of 2023 (Sep 30 2023) year on year, to $41 million and advanced by 4.26 % sequentially.

Capital Bancorp Inc is Expected to report next financial results on March 14, 2024.

More on CBNK's Income Statement

CBNK's NET INCOME

Capital Bancorp Inc's net income of $9.788 million in the third quarter of 2023 decreased by -11.78 % from net earnings of $11.095 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 33.75 % from net income of $7.318 million realized in previous quarter.

More on CBNK's Growth

Capital Bancorp Inc Inventories
CBNK's Cash flow In thethird quarter of 2023 company's net cash flow was $27 million, capital expenditures grew by -20.17%, to $0 millions compare to same quarter a year ago and fell by 493.75% from II. Quarter (Jun 30 2023).

More on CBNK's Cash flow Statement

Earnings quality

Capital Bancorp Inc payed out dividend of $0.26 per share in last 52 weeks representing 10.32 % of net earning per share in trailing twelve-month period.

During the same period Capital Bancorp Inc earned $ 3.37 cash per share, on a free-cash flow basis 133.74 % of net earning per share.

Book value grew by 2.55 % sequentially to $17.32 per share, 96.6% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 17.32 per share from $ 16.89.

Company repurchased 0.04 million shares or 0.25 % in Sep 30 2023.
Interest Coverage Ratio was 2.3. Debt Coverage Ratio was 1.43.

• More on CBNK's Dividends

Market Capitalization (Millions)	293
Shares Outstanding (Millions)	14
Total Debt (Millions $)	34
Revenue (TTM) (Millions $)	157
Net Income (TTM) (Millions $)	36
Cash Flow (TTM) (Millions $)	109
Capital Exp. (TTM) (Millions $)	-3
Dividend TTM ($)	0.26 $
Dividend Yield TTM (%)	1.53 %
Employees (TTM) $	112

Earnings quality

Capital Bancorp Inc payed out dividend of $0.26 per share in the last 52 weeks representing 10.32 % of net earning per share in trailing twelve-month period.

During the same period Capital Bancorp Inc had $ 3.37 cash flow per share, on a free-cash flow basis 133.74 % of net earning per share.

Book value grew by 2.55 % sequentially to $17.32 per share, 96.6% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 17.32 per share from $ 16.89.

Company repurchased 0.04 million shares or 0.25 % in Sep 30 2023.
Interest Coverage Ratio was 2.3. Debt Coverage Ratio was 1.43.

• More on CBNK's Balance Sheets

Market Capitalization (Millions)	293
Shares Outstanding (Millions)	14
Total Debt (Millions $)	34
Revenue (TTM) (Millions $)	157
Net Income (TTM) (Millions $)	36
Cash Flow (TTM) (Millions $)	109
Capital Exp. (TTM) (Millions $)	-3
Dividend TTM ($)	0.26 $
Dividend Yield TTM (%)	1.53 %
Employees (TTM) $	112

Capital Bancorp Inc

CBNK's Financial Statements and Analysis