Capital Bancorp Inc

Listed Company

CBNKCIK 0001419536NasdaqAcceleratedNational Commercial BanksMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$57.17M

Total Assets

$3.61B

Equity

$401.76M

Shares Out

16.37M

Op. Cash Flow

$69.72M

Business

Capital Bancorp Inc is a bank holding company that provides commercial-focused community banking services primarily through its subsidiary Capital Bank, N.A. The company offers commercial and construction lending, government-guaranteed USDA and SBA lending and servicing, residential mortgage origination and sales, secured, partially secured and unsecured OpenSky™ credit card products, and loan servicing and packaging through Windsor Advantage and mezzanine lending via Church Street Capital. It reports activities across commercial banking, mortgage banking, credit cards, government loan servicing and corporate segments and operates four divisions: Commercial Banking, Capital Bank Home Loans, OpenSky™, and Windsor Advantage. The company serves customers in the Washington, D.C. and Baltimore metropolitan areas, with additional branches and offices in Maryland, Florida and Illinois and nationwide distribution through digital channels, loan production offices and government servicing platforms.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans, including fees	245	203	175	144	121
Investment securities available-for-sale	7	5	5	4	2
Federal funds sold and other	9	5	4	2	449,000
Total interest income	261	213	183	151	123
Deposits	64	56	40	8	6
Borrowed funds	1	2	2	2	742,000
Total interest expense	65	59	42	—	—
Net interest income	196	155	142	141	117
Provision for credit losses	15	18	10	—	—
Provision for credit losses on unfunded commitments	188,000	385,000	−101,000	0	—
Net interest income after provision for credit losses	181	137	132	134	113
Loan servicing rights	545,000	1	0	—	—
Non-recurring equity and debt investment write-down	0	−3	0	—	—
Other income	3	3	2	2	1
Noninterest loss	49	31	25	29	51
Salaries and employee benefits	72	56	49	43	38
Occupancy and equipment	11	8	6	5	4
Professional fees	11	8	9	11	7
Data processing	30	28	26	29	39
Advertising	6	6	6	6	5
Loan processing	4	2	2	2	4
Merger-related expenses	3	4	0	—	—
Operational and other card fraud related losses	4	4	—	—	—
Regulatory assessment expenses	3	2	2	—	—
Other operating	10	8	5	5	13
Total noninterest expenses	155	126	111	109	110
Income before income taxes	75	42	46	54	54
Income tax expense	18	11	10	12	14
Net income	57	31	36	42	40
Basic earnings per share (in dollars per share)	3.45	2.12	2.56	2.98	2.9
Diluted earnings per share (in dollars per share)	3.41	2.12	2.55	2.91	2.84
Basic (in shares)	17	15	14	14	14
Diluted (in shares)	17	15	14	14	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	31	25	15	20	43
Interest-bearing deposits at other financial institutions	225	180	39	40	137
Federal funds sold	60,000	58,000	407,000	21	4
Total cash and cash equivalents	256	205	54	80	183
Investment securities available-for-sale	230	224	208	252	184
Restricted investments	8	4	4	7	3
Loans held for sale	26	17	7	7	16
Portfolio loans receivable, net of deferred fees and costs	2,959	2,630	1,903	—	—
Less allowance for credit losses	−55	−49	−29	−26	−25
Total portfolio loans held for investment, net	2,905	2,582	1,875	1,702	1,499
Premises and equipment, net	15	16	5	3	3
Accrued interest receivable	17	17	11	9	8
Goodwill	26	21	0	0	—
Intangible assets	15	16	—	—	—
Loan servicing assets	2	6	0	0	—
Deferred tax asset	15	17	12	14	10
Bank owned life insurance	46	44	38	37	36
Other assets	47	40	11	8	4
Total assets	3,606	3,207	2,226	2,124	2,055
Noninterest-bearing	853	811	617	674	788
Interest-bearing	2,240	1,951	1,279	1,084	1,009
Total deposits	3,093	2,762	1,896	1,758	1,797
Federal Home Loan Bank advances	50	22	22	107	22
Other borrowed funds	2	12	27	12	12
Accrued interest payable	9	9	6	1	473,000
Other liabilities	50	46	21	21	26
Total liabilities	3,204	2,852	1,971	1,900	1,857
Common stock, $.01 par value; 49,000,000 shares authorized; 16,373,288 and 16,662,626 issued and outstanding	164,000	167,000	139,000	141,000	140,000
Additional paid-in capital	115	124	54	58	54
Retained earnings	293	243	213	182	145
Accumulated other comprehensive loss	−6	−11	−13	−17	−1
Total stockholders' equity	402	355	255	224	198
Total liabilities and stockholders' equity	3,606	3,207	2,226	2,124	2,055

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses on unfunded commitments	188,000	385,000	−101,000	−54,000	−40,000
Provision for (release of) mortgage put-back reserve, net	79,000	−68,000	−188,000	9,000	4,000
Net (accretion) amortization on investment securities available-for-sale	−150,000	100,000	188,000	540,000	642,000
Premises and equipment depreciation	1	737,000	324,000	364,000	561,000
Lease asset amortization	1	1	149,000	—	—
Amortization of intangible assets	1	262,000	0	—	—
Extinguishment of leases	0	−3	0	—	—
Increase in cash surrender value of BOLI	−2	−2	−1	−1	−506,000
Net decrease (increase) in loan servicing assets	2	−996,000	0	—	—
Executive long-term incentive plan expense	889,000	516,000	148,000	582,000	1
Stock-based compensation expense	2	2	2	2	1
Director and employee compensation paid in Company stock	1	517,000	547,000	171,000	519,000
Deferred income tax expense (benefit)	1	−2	142,000	1	−2
(Increase) decrease in valuation of loans held for sale carried at fair value	−62,000	32,000	6,000	0	246,000
Proceeds from sales of loans held for sale	353	281	176	309	1,092
Originations of loans held for sale	−357	−293	−176	−300	−1,001
Government lending revenue	−4	−2	—	—	—
Accrued interest receivable	−31,000	−762,000	−2	−2	233,000
Taxes payable	−3	3	179,000	—	—
Other assets	−3	−16	−2	−4	−1
Accrued interest payable	−648,000	3	5	558,000	−661,000
Other liabilities	5	12	−63,000	−4	−3
Net cash provided by operating activities	70	35	47	51	132
Purchases of securities available-for-sale	−55	−65	−7	−113	−170
Proceeds from calls and maturities of securities available-for-sale	56	53	56	24	14
Net purchases of restricted investments	−4	−126,000	3	−4	215,000
Net increase in portfolio loans receivable	−346	−321	−181	−210	−210
Net purchases of premises and equipment	−2	−2	−2	−2	−24,000
Cash received from acquisitions, net	0	65	0	—	—
Net cash used in investing activities	−351	−270	−131	−198	−238
Noninterest-bearing deposits	42	108	−57	−113	179
Interest-bearing deposits	289	299	195	74	−34
Federal Home Loan Bank advances	28	0	—	—	—
Other borrowed funds	−10	−15	15	0	−2
Dividends paid	−7	−5	−4	−3	−1
Repurchase of common stock	−12	−1	−9	0	0
Net proceeds from exercise of stock	1	1	2	1	967,000
Net cash provided by financing activities	331	386	57	44	143
Net increase in cash and cash equivalents	50	151	−26	−103	36
Loans transferred to foreclosed real estate	4	0	—	—	0
Change in unrealized gains on investments	8	2	5	−21	−4
Fair value of assets acquired, net of cash received	0	460	0	—	—
Goodwill from acquisition	0	21	0	—	—
Fair value of liabilities assumed	0	476	0	—	—
Common Stock issued related to acquisition	0	27,000	0	—	—
Goodwill measurement period adjustment	5	0	—	—	—
Taxes	19	9	8	12	16
Interest	66	55	37	9	7

Filings

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