Quarterly ResultMay 8, 2026, 04:18 PM
Capital Bancorp Q1 Net Income Down 13.7% to $12.0M; EPS $0.74
AI Summary
Capital Bancorp reported a decrease in net income and EPS for Q1 2026 compared to Q1 2025, with net income falling 13.7% to $12.0 million and diluted EPS decreasing to $0.73. Despite this, the company saw growth in total assets, deposits, and portfolio loans. Interest income increased, but was offset by higher interest expenses and a significant rise in noninterest expenses, particularly professional fees. The company also increased its provision for credit losses and observed an increase in past due loans and loan modifications.
Key Highlights
- Net income decreased 13.7% to $12.0 million in Q1 2026 from $13.9 million in Q1 2025.
- Diluted EPS fell to $0.73 in Q1 2026 from $0.82 in Q1 2025.
- Total assets grew 5.6% to $3.81 billion at March 31, 2026, from $3.61 billion.
- Total deposits increased 6.4% to $3.29 billion at March 31, 2026, from $3.09 billion.
- Net interest income rose 7.3% to $49.4 million in Q1 2026 from $46.0 million.
- Noninterest expenses increased 14.8% to $43.7 million in Q1 2026, driven by professional fees.
- Provision for credit losses increased 34.2% to $3.01 million in Q1 2026.
- Cash dividends to stockholders increased 20% to $0.12 per share in Q1 2026.
Price Impact
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