Capital Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 27, 2021 at 07:15 pm IST
Share
Capital Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 25.719 million compared to USD 18.054 million a year ago. Net income was USD 9.689 million compared to USD 5.073 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.36 a year ago. For the full year, net interest income was USD 84.069 million compared to USD 67.512 million a year ago. Net income was USD 25.823 million compared to USD 16.895 million a year ago. Basic earnings per share from continuing operations was USD 1.87 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 1.87 compared to USD 1.21 a year ago.
Capital Bancorp, Inc. is a bank holding company, operating primarily through its wholly owned subsidiary, Capital Bank, N.A. (Capital Bank), a commercial-focused community bank. Capital Bank operates three divisions: Commercial Banking, Capital Bank Home Loans, and OpenSky. Its Commercial Banking division operates in the Washington, D.C. and Baltimore metropolitan areas and focuses on providing personalized service to commercial clients throughout its area of operations. Capital Bank Home Loans and OpenSky both leverage Capital Bank's national banking charter to operate as national consumer business lines; Capital Bank Home Loans acts as its residential mortgage origination platform and OpenSky provides nationwide, digitally-based, unsecured credit cards as well as secured credit cards to under-banked populations and those looking to rebuild their credit scores. It operates a branch-lite model through four commercial bank branches, one mortgage office and two loan production offices.
CAPITAL BANCORP, INC. 
