Washington DC
Capital Bancorp reports $13.1 million net income in third quarter
Rockville-based Capital Bancorp posts $13.1 million net income, earnings of 80 cents per share in Q3.
Dclemens1971 / CC BY 4.0, via Wikimedia Commons
Capital Bancorp, Inc., a bank headquartered in Rockville, Maryland, reported a net income of $13.1 million for its third quarter, according to WTOP.
The bank's earnings per share were 80 cents during this period. When adjusted for costs related to mergers and acquisitions, earnings rose to 89 cents per share.
Despite these positive figures, Capital Bancorp's results fell short of Wall Street expectations, as reported by WTOP.
These earnings results are relevant to the Washington DC metropolitan area, including Rockville and surrounding communities, reflecting the financial health of a local banking institution.
Sources
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