Annonce • Apr 09
Capital Bancorp, Inc., Annual General Meeting, May 28, 2026 Capital Bancorp, Inc., Annual General Meeting, May 28, 2026. Location: 2275 research blvd., suite 110 - conference center, maryland 20850., rockville, United States Annonce • Nov 25
Capital Bancorp, Inc. Appoints Mark Caplan as Class II Director and Compensation Committee and Risk Committee, Effective November 21, 2025 On November 21, 2025, the Board of Directors (the "Board") of Capital Bancorp, Inc. (the "Company"), the bank holding company for Capital Bank, N.A. (the "Bank"), upon the recommendation of its Nominating and Corporate Governance Committee, appointed Mark Caplan as a Class II director on the Company's Board, effective immediately, and increased the aggregate size of the Company's Board to thirteen. As a Class II director, Mr. Caplan will be subject to re-election at the Company's annual meeting of stockholders in 2028. Mr. Caplan has served as a member of the Bank's Board since January of 2019 and serves as a member of the Loan Committee. Mr. Caplan is President and Chief Executive Officer of The Time Group, a real estate equity investment firm, and is the managing member and sole shareholder of Washington Place Equities, a development firm specializing in mixed use urban historic renovation and construction. Mr. Caplan also previously served on the board of directors of Sterling Bank and Trust, before it was acquired by Carroll County Bank and Trust in 1998, and was a member of the board of directors of Bay Bank, FSB, which in 2018 was acquired by Old Line Bank. The Board has determined that Mr. Caplan is an independent director under the applicable rules of the Securities and Exchange Commission and the Nasdaq Stock Market. Mr. Caplan was also appointed to the Compensation Committee and Risk Committee of the Board. Mr. Caplan will also participate in the Board's standard non-employee director compensation arrangements, as described under "Compensation of Non-Employee Directors" in definitive proxy statement filed with the SEC on April 1, 2025, which description is incorporated herein by reference, as such arrangements may be amended from time to time. Annonce • Apr 11
Capital Bancorp, Inc., Annual General Meeting, May 15, 2025 Capital Bancorp, Inc., Annual General Meeting, May 15, 2025. Location: 2275 research blvd., suite 110 - conference center, maryland 20850, rockville United States Annonce • Feb 27
Capital Bancorp, Inc. (NasdaqGS:CBNK) announces an Equity Buyback for $15 million worth of its shares. Capital Bancorp, Inc. (NasdaqGS:CBNK) announces a share repurchase program. Under the program, the company will repurchase up to $15 million worth of it's shares. The program will expire on February 28, 2026. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €27.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 21% over the past three years. Declared Dividend • Nov 01
Third quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 4th November 2024 Payment date: 20th November 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (15% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has increased by an average of 26% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 51% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$0.62 (vs US$0.70 in 3Q 2023) Third quarter 2024 results: EPS: US$0.62 (down from US$0.70 in 3Q 2023). Revenue: US$41.2m (up 1.0% from 3Q 2023). Net income: US$8.67m (down 11% from 3Q 2023). Profit margin: 21% (down from 24% in 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (18% increase in shares outstanding). Declared Dividend • Jul 29
Second quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 5th August 2024 Payment date: 21st August 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 26% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 19% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: US$0.59 (vs US$0.52 in 2Q 2023) Second quarter 2024 results: EPS: US$0.59 (up from US$0.52 in 2Q 2023). Revenue: US$40.4m (up 3.2% from 2Q 2023). Net income: US$8.21m (up 12% from 2Q 2023). Profit margin: 20% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • Jul 23
Capital Bancorp, Inc. Declares Cash Dividend, Payable on August 21, 2024 Capital Bancorp, Inc. declared a cash dividend on its common stock of $0.10 per share. The dividend is payable on August 21, 2024 to shareholders of record on August 5, 2024. The dividend declared of $0.10 is $0.02, or 25.0% higher than the prior quarter dividend reflecting the strength of earnings and capital position. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €21.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 33% over the past three years. Annonce • Jul 13
Capital Bancorp, Inc. and Capital Bank, N.A. Appoint Dominic C. Canuso as New Chief Financial Officer, Effective July 15, 2024 Capital Bank announced the appointment of Dominic C. Canuso, CFA, as the new Chief Financial Officer (CFO) for Capital Bancorp, Inc. and Capital Bank, N.A. A seasoned public company executive with a robust background in finance and operations, Mr. Canuso will officially join the organization on July 15, 2024. Dominic brings a wealth of experience to Capital Bank, having most recently served as EVP and CFO at WSFS Bank while also serving as the Executive Leader of the Cash Connect line of business. Over seven years, he was instrumental in driving the strategic direction of the bank including quadrupling the size of the bank, producing record profits, significantly enhancing technology solutions, and maturing operations. Prior to WSFS, Dominic spent nearly a decade at Barclays Bank, last serving as the line of business CFO for the US Credit Card business. Dominic has also previously worked at Advanta Bank and Arthur Andersen Consulting. Dominic is a CFA Charter holder and received both a Bachelor of Science in Finance and an Executive MBA in Strategy and Leadership from Villanova University. Annonce • May 08
Capital Bank Appoints Jim Witty as Senior Vice President - Director of Contractor Banking Capital Bank announced the appointment of Jim Witty as Senior Vice President - Director of Contractor Banking. With a commercial banking career spanning over 30 years, many spent in leadership roles, Jim has a strong track record of helping businesses grow, driving strategic objectives, and fostering long-lasting relationships with his clients. In Jim’s new role, he will be leading strategic initiatives and fostering relationships within the contractor banking sector. Jim is passionate about giving back to the community. He currently serves as the Vice Chair and a Board member of Business Volunteers Maryland. Previously, he was the Chair and a Board member of the Maryland Zoo, served as Treasurer and a Board member for both the Irvine Nature Center and the Salvation Army Central Maryland Command. Declared Dividend • Apr 29
First quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 3rd May 2024 Payment date: 22nd May 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 17% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: US$0.47 (vs US$0.69 in 1Q 2023) First quarter 2024 results: EPS: US$0.47 (down from US$0.69 in 1Q 2023). Revenue: US$38.1m (down 1.9% from 1Q 2023). Net income: US$6.56m (down 33% from 1Q 2023). Profit margin: 17% (down from 25% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Annonce • Apr 03
Capital Bancorp, Inc., Annual General Meeting, May 16, 2024 Capital Bancorp, Inc., Annual General Meeting, May 16, 2024, at 16:00 Eastern Daylight. Location: 2275 Research Blvd., Suite 110 - Conference Center, Rockville, Maryland Maryland United States Agenda: To elect four Class I directors to serve for a three-year term ending at the 2027 annual meeting of stockholders or until their successor is duly elected and qualified; to conduct a non-binding advisory vote to approve the compensation of the Company's Named Executive Officers; to conduct a non-binding advisory vote on the frequency of future stockholder advisory votes to approve the compensation of the Company's Named Executive Officers; and to ratify the appointment of Elliott Davis, PLLC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Annonce • Mar 30
Capital Bancorp, Inc. (NasdaqGS:CBNK) entered into a definitive agreement to acquire Integrated Financial Holdings, Inc. (OTCPK:IFHI) for $66.3 million. Capital Bancorp, Inc. (NasdaqGS:CBNK) entered into a definitive agreement to acquire Integrated Financial Holdings, Inc. (OTCPK:IFHI) for $66.3 million on March 27, 2024. Under the terms of the merger agreement, IFH shareholders will, subject to certain adjustments, receive $5.36 in cash and 1.115 shares of CBNK common stock for each share of IFH common stock. Based on the closing price of Capital common stock of $20.00 on March 26, 2024, the implied per share purchase price, inclusive of the cash consideration, is $27.66. At closing, Capital shareholders will own approximately 84% and IFH shareholders will own approximately 16% of the combined company. Upon closing of the transaction, Marc McConnell, Chairman, President and CEO of IFH, will join the board of directors of Capital Bancorp, Inc. and Capital Bank. A. Riddick Skinner, EVP of Government Lending at IFH will join Capital Bank as Head of Government Guaranteed Lending Program. Melissa Marsal, EVP and Chief Operating Officer of IFH, will join Capital Bank in a leadership role. Mike Breckheimer, EVP and Chief Strategy Officer at IFH, will join Capital Bank as Head of Windsor Advantage. The transaction with IFH has been unanimously approved by both IFH’s and CBNK’s boards of directors and is subject to approval of Capital’s and IFH’s shareholders, regulatory approvals and the satisfaction of other customary closing conditions. The transaction is expected to be completed in the second half of 2024. Frank Sorrentino, Scott Studwell, Nate Mittag, Adam Cunningham and Ryan Crudeli of Stephens Inc. acted as financial advisor and fairness opinion provider to Capital Bancorp. Squire Patton Boggs (US) LLP acted as legal advisor to Capital Bancorp. Raymond James & Associates, Inc. acted as financial advisor to Integrated Financial Holdings. Wyrick Robbins Yates & Ponton LLP acted as legal advisor to Integrated Financial Holdings. Annonce • Mar 28
Capital Bancorp, Inc. Appoints Marc McConnell as Board of Director Capital Bancorp, Inc. (CBNK or Capital) and Integrated Financial Holdings, Inc. (IFH) announced that they have entered into a definitive merger agreement under which CBNK will acquire IFH in a cash and stock transaction valued at $66 million, exclusive of the value of a dividend to be received by IFH shareholders at or immediately prior to closing. Upon closing of the transaction, Marc McConnell, Chairman, President and CEO of IFH, will join the board of directors of Capital Bancorp, Inc. Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: US$2.56 (vs US$2.98 in FY 2022) Full year 2023 results: EPS: US$2.56 (down from US$2.98 in FY 2022). Revenue: US$157.0m (down 3.9% from FY 2022). Net income: US$35.9m (down 14% from FY 2022). Profit margin: 23% (down from 26% in FY 2022). Net interest margin (NIM): 6.60% (down from 6.92% in FY 2022). Non-performing loans: 0.84% (up from 0.56% in FY 2022). Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Declared Dividend • Jan 29
Fourth quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 2nd February 2024 Payment date: 21st February 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (13% forecast payout ratio). The dividend has increased by an average of 17% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 4.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 23
Full year 2023 earnings released: EPS: US$2.58 (vs US$2.98 in FY 2022) Full year 2023 results: EPS: US$2.58 (down from US$2.98 in FY 2022). Revenue: US$157.0m (down 3.9% from FY 2022). Net income: US$35.9m (down 14% from FY 2022). Profit margin: 23% (down from 26% in FY 2022). Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 28
Capital Bank Appoints Jacob Jake Dalaya as Chief Strategy Officer Capital Bank announced the appointment of Mr. Jacob Jake Dalaya as its new Chief Strategy Officer (CSO). With substantial expertise in financial services, particularly in bank M&A and capital markets, Mr. Dalaya is well positioned to advance the bank's strategic growth and expansion. As CSO, Mr. Dalaya will collaborate with the CEO, Executive Management Team (EMT), and the Board of Directors. A significant part of his role involves partnering on the banks strategic planning process, identifying and implementing new revenue streams and enhancing current business lines. Mr. Dalaya will also leverage his experience in bank M&A and capital markets to spearhead the bank's M&A and investor relations strategies. In Mr. Dalaya's prior role at Webster Financial Corporation he played a key role in the execution of various strategic initiatives for the bank. Mr. Dalaya also spent several years in investment banking, including at Keefe, Bruyette &Woods as a Vice President and at J.P. Morgan Securities in various roles. During his time in investment banking, Mr. Dalaya helped lead M&A and capital raising transactions for financial institutions. Mr. Dalaya graduated with a bachelors degree in economics from New York University. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$0.70 (vs US$0.79 in 3Q 2022) Third quarter 2023 results: EPS: US$0.70 (down from US$0.79 in 3Q 2022). Revenue: US$40.8m (down 4.0% from 3Q 2022). Net income: US$9.79m (down 12% from 3Q 2022). Profit margin: 24% (down from 26% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe. Annonce • Oct 24
Capital Bancorp, Inc. Declares Cash Dividend on Its Common Stock, Payable on November 22, 2023 Capital Bancorp, Inc. declared a cash dividend on its common stock of $0.08 per share. The dividend is payable on November 22, 2023 to shareholders of record on November 6, 2023. Recent Insider Transactions • Sep 12
Independent Director recently bought €101k worth of stock On the 7th of September, Mary Scully bought around 6k shares on-market at roughly €18.39 per share. This transaction increased Mary's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €393k more in shares than they have sold in the last 12 months. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.52 (vs US$0.82 in 2Q 2022) Second quarter 2023 results: EPS: US$0.52 (down from US$0.82 in 2Q 2022). Revenue: US$39.2m (down 6.1% from 2Q 2022). Net income: US$7.32m (down 36% from 2Q 2022). Profit margin: 19% (down from 28% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Banks industry in Europe. Annonce • Jul 15
Mary Ann Scully, Joins Capital Bancorp, Inc.’s Board of Directors Capital Bancorp, Inc. announced the appointment of Mary Ann Scully, Dean of the Joseph A. Sellinger, S.J., School of Business and Management at Loyola University Maryland, as the newest member of its board of directors. With her extensive experience and remarkable achievements in the banking industry, Ms. Scully brings valuable insights and a strong leadership acumen to the board. A lifelong banker with over 40 years of diverse experience in the Maryland marketplace, she co-founded Howard Bank and served as its Chief Executive Officer and Chairperson of the board of directors until its merger with FNB of Pennsylvania in 2022. Under her leadership, she successfully led both organic growth initiatives and strategic acquisitions, positioning Howard Bank as the largest locally headquartered banking company in the Greater Baltimore region, with over $2 billion in assets. Prior to Howard Bank, Mary Ann held various senior positions at Allfirst Bank, where she played instrumental roles in regional banking, community banking, strategic planning, mergers and acquisitions, and international banking. In 2022, Mary Ann was honored as CEO of the Year by the Baltimore Business Journal, reflecting her enduring commitment to excellence. The same year, she was recognized by The Maryland Chamber of Commerce with her induction into the Business Hall of Fame. Named one of the Top 25 Women to Watch in Banking by American Banker, Ms. Scully was also awarded Industrialist of the Year 2018 from the Baltimore Museum of Industry, highlighting her lasting impact on the Baltimore business and banking community. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €17.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Europe. Total loss to shareholders of 14% over the past year. Annonce • May 05
Capital Bancorp Declares Quarterly Cash Dividend Payable on May 31, 2023 Capital Bancorp, Inc. announced that its Board of Directors has declared a cash dividend on its common stock of $0.06 per share. The dividend is payable on May 31, 2023 to shareholders of record as of May 15, 2023. Recent Insider Transactions • Mar 20
Independent Director recently bought €241k worth of stock On the 14th of March, Randall Levitt bought around 15k shares on-market at roughly €16.09 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €268k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$2.98 (vs US$2.90 in FY 2021) Full year 2022 results: EPS: US$2.98 (up from US$2.90 in FY 2021). Revenue: US$163.3m (flat on FY 2021). Net income: US$41.8m (up 4.6% from FY 2021). Profit margin: 26% (up from 24% in FY 2021). Net interest margin (NIM): 6.92% (up from 5.86% in FY 2021). Non-performing loans: 0.56% (down from 0.70% in FY 2021). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €15.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 27% over the past year. Board Change • Feb 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Jerome Bailey was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Feb 03
Capital Bancorp, Inc. Announces Board Changes Joseph M. Greene has retired as a member of the Boards of Directors of Capital Bancorp, Inc. as well as from any committees of such Board of Directors on which he served, effective as of February 1, 2023. Mr. Greene served as a member of the Audit Committee and ESG Committee of the Company’s Board of Directors. Mr. Greene’s decision to retire did not involve any dispute or disagreement with Company management or the Board of Directors on any matter relating to the Company’s operations, policies or practices. The Board of Directors of the Company, upon the recommendation of its Nominating and Corporate Governance Committee, approved the appointment of Fred J. Lewis as a Class I director on the Company’s Board of Directors, effective as of February 1, 2023, to fill the vacancy following Mr. Greene’s retirement. Mr. Lewis currently serves as a member of the Board of Directors of the Company’s wholly-owned subsidiary, Capital Bank, N.A. Mr. Lewis joined the Bank Board in March of 2018 and serves as a member of the Loan Committee, Finance Committee, Strategic Innovations Committee, Special Assets Committee, Risk Committee, and ALCO. Mr. Lewis is considered an independent director under the applicable Securities and Exchange Commission and NASDAQ rules. As a Class I director, Mr. Lewis will be subject to re-election at the Company’s annual meeting of stockholders to be held in 2024. Annonce • Jan 28
Capital Bancorp, Inc. Reports Net Charge-Offs for the Quarter Ended December 31, 2022 Capital Bancorp, Inc. reported Net Charge-offs for the quarter ended December 31, 2022. for the quarter, the company reported Total Net Charge-offs of $2,090,000 as compared to $672,000 a year ago. Annonce • Jan 27
Capital Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 22, 2023 Capital Bancorp, Inc. announced that its Board of Directors has declared a cash dividend on its common stock of $0.06 per share. The dividend is payable on February 22, 2023 to shareholders of record as of February 6, 2023. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$2.98 (vs US$2.90 in FY 2021) Full year 2022 results: EPS: US$2.98 (up from US$2.90 in FY 2021). Revenue: US$163.3m (flat on FY 2021). Net income: US$41.8m (up 4.6% from FY 2021). Profit margin: 26% (up from 24% in FY 2021). Net interest margin (NIM): 6.92% (up from 5.86% in FY 2021). Non-performing loans: 0.56% (down from 0.70% in FY 2021). Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Annonce • Oct 27
Capital Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on November 23, 2022 Capital Bancorp, Inc. announced that its Board of Directors has declared a cash dividend on its common stock of $0.06 per share. The dividend is payable on November 23, 2022 to shareholders of record as of November 7, 2022. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$0.79 (vs US$0.81 in 3Q 2021) Third quarter 2022 results: EPS: US$0.79 (down from US$0.81 in 3Q 2021). Revenue: US$42.5m (down 2.6% from 3Q 2021). Net income: US$11.1m (flat on 3Q 2021). Profit margin: 26% (in line with 3Q 2021). Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Annonce • Oct 21
Capital Bancorp, Inc. Announces Net Charge Off for the Third Quarter of 2022 Capital Bancorp, Inc. announced net charge off for the third quarter of 2022. Net charge-offs for the quarter were $1.6 million, or 0.39% on an annualized basis of average portfolio loans, compared to $301,000, or 0.08% on an annualized basis of average loans for the third quarter of 2021. Annonce • Oct 12
Capital Bank Announces Executive Changes Capital Bank, N.A. named Steven M. Poynot as Chief Operating Officer, effective immediately. Poynot, formerly Executive Vice President and Chief Operating Officer of F&M Trust, brings to his new position significant experience in regional banking. Prior to his position at F&M Trust, Poynot was with Howard Bank where he served as Executive Vice President and Chief Information Officer, Director of Corporate Communications and Corporate Strategy. Poynot also worked in both deposit and loan operations as well Chief Credit Officer during his 17 years with Howard Bank. Karl Dicker, who formerly held the position of Chief Operating Officer, has been named President of OpenSky® & Fintech. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.82 (vs US$0.70 in 2Q 2021) Second quarter 2022 results: EPS: US$0.82 (up from US$0.70 in 2Q 2021). Revenue: US$41.7m (up 3.8% from 2Q 2021). Net income: US$11.5m (up 19% from 2Q 2021). Profit margin: 28% (up from 24% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 8.9%, compared to a 14% growth forecast for the industry in Germany. Upcoming Dividend • May 20
Upcoming dividend of US$0.058 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 5.0% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (6.6%). Reported Earnings • May 12
First quarter 2022 earnings released: EPS: US$0.73 (vs US$0.65 in 1Q 2021) First quarter 2022 results: EPS: US$0.73 (up from US$0.65 in 1Q 2021). Revenue: US$40.7m (up 7.3% from 1Q 2021). Net income: US$10.2m (up 14% from 1Q 2021). Profit margin: 25% (up from 24% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.2%, compared to a 15% growth forecast for the industry in Germany. Annonce • Apr 26
Capital Bancorp Declares Quarterly Cash Dividend on Its Common Stock, Payable on May 25, 2022 Capital Bancorp, Inc. announced that its Board of Directors has declared a cash dividend on its common stock of $0.05 per share. The dividend is payable on May 25, 2022 to shareholders of record as of May 9, 2022. Annonce • Apr 08
Capital Bancorp, Inc., Annual General Meeting, May 19, 2022 Capital Bancorp, Inc., Annual General Meeting, May 19, 2022, at 16:30 Eastern Daylight. Location: 2275 Research Blvd., Suite 110 - Conference Center Rockvillle Maryland United States Agenda: To elect four Class II directors to serve for a three-year term ending at the 2025 annual meeting of stockholders or until their successor is duly elected and qualified; and to ratify the appointment of Elliott Davis, PLLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.90 (up from US$1.87 in FY 2020). Revenue: US$164.0m (up 23% from FY 2020). Net income: US$40.0m (up 55% from FY 2020). Profit margin: 24% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 5.86% (up from 5.14% in FY 2020). Non-performing loans: 0.70% (up from 0.61% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.8%, compared to a 8.9% growth forecast for the banks industry in Germany. Upcoming Dividend • Jan 31
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 07 February 2022. Payment date: 23 February 2022. Payout ratio is a comfortable 5.2% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.4%). Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.90 (up from US$1.87 in FY 2020). Revenue: US$164.0m (up 23% from FY 2020). Net income: US$40.0m (up 55% from FY 2020). Profit margin: 24% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 5.86% (up from 5.14% in FY 2020). Cost-to-income ratio: 65.8% (down from 68.0% in FY 2020). Non-performing loans: 0.70% (up from 0.61% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.1%, compared to a 11% growth forecast for the banks industry in Germany. Board Change • Jan 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Jody Greene was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 29
Independent Director recently sold €101k worth of stock On the 27th of October, Stephen Ashman sold around 4k shares on-market at roughly €22.44 per share. In the last 3 months, they made an even bigger sale worth €182k. Insiders have been net sellers, collectively disposing of €8.7m more than they bought in the last 12 months. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS US$0.81 (vs US$0.61 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$43.7m (up 10% from 3Q 2020). Net income: US$11.2m (up 33% from 3Q 2020). Profit margin: 26% (up from 21% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Aug 25
Independent Director recently sold €160k worth of stock On the 23rd of August, Stephen Ashman sold around 8k shares on-market at roughly €20.39 per share. In the last 3 months, there was an even bigger sale from another insider worth €602k. Insiders have been net sellers, collectively disposing of €8.4m more than they bought in the last 12 months. Annonce • Jul 24
Capital Bancorp, Inc. Announces Net Charge Offs for the Quarter Ended June 30, 2021 Capital Bancorp, Inc. announced net charge offs for the quarter ended June 30, 2021. For the quarter, the company reported net charge-offs of $252,000 or 0.08% of average loans, compared to $134,000 or 0.05% of average loans on an annualized basis, for the second quarter of 2020. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$0.70 (vs US$0.34 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$40.2m (up 38% from 2Q 2020). Net income: US$9.65m (up 103% from 2Q 2020). Profit margin: 24% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Executive Departure • May 27
Independent Director has left the company On the 20th of May, Michael Burke's tenure in the role of Independent Director ended. As of March 2021, Michael personally held 265.41k shares (€4.5m worth at the time). Michael is the only executive to leave the company over the last 12 months. Recent Insider Transactions • May 26
Independent Director recently sold €265k worth of stock On the 21st of May, Stephen Ashman sold around 15k shares on-market at roughly €17.66 per share. In the last 3 months, they made an even bigger sale worth €744k. Insiders have been net sellers, collectively disposing of €5.6m more than they bought in the last 12 months. Reported Earnings • May 12
First quarter 2021 earnings released: EPS US$0.65 (vs US$0.21 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$37.9m (up 73% from 1Q 2020). Net income: US$8.98m (up 206% from 1Q 2020). Profit margin: 24% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Apr 28
Independent Director recently sold €330k worth of stock On the 26th of April, Michael Burke sold around 18k shares on-market at roughly €18.64 per share. In the last 3 months, there was an even bigger sale from another insider worth €744k. Insiders have been net sellers, collectively disposing of €3.0m more than they bought in the last 12 months. Annonce • Apr 24
Capital Bancorp, Inc. Announces Net Charge Offs for the First Quarter Ended March 31, 2021 Capital Bancorp, Inc. announced net charge offs for the first quarter ended March 31, 2021. For the quarter, the company reported net charge-offs of $388,000 or 0.12% of average loans on an annualized basis, compared to $197,000, or 0.07% of average loans on an annualized basis, for the first quarter of 2020. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$0.65 (vs US$0.21 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$37.9m (up 73% from 1Q 2020). Net income: US$8.98m (up 206% from 1Q 2020). Profit margin: 24% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS US$1.87 (vs US$1.23 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$133.9m (up 50% from FY 2019). Net income: US$25.8m (up 53% from FY 2019). Profit margin: 19% (in line with FY 2019). Net interest margin (NIM): 5.14% (down from 5.51% in FY 2019). Cost-to-income ratio: 68.0% (down from 72.3% in FY 2019). Non-performing loans: 0.61% (up from 0.40% in FY 2019). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 23% share price gain to US$16.10, the stock is trading at a trailing P/E ratio of 10.5x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 13x in the Banks industry in Europe. Recent Insider Transactions • Mar 10
Independent Director recently sold €207k worth of stock On the 5th of March, Stephen Ashman sold around 14k shares on-market at roughly €15.11 per share. In the last 3 months, they made an even bigger sale worth €375k. Insiders have been net sellers, collectively disposing of €973k more than they bought in the last 12 months. Recent Insider Transactions • Feb 14
Independent Director recently sold €375k worth of stock On the 12th of February, Stephen Ashman sold around 30k shares on-market at roughly €12.49 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €981k more than they bought in the last 12 months. Reported Earnings • Jan 28
Full year 2020 earnings released: EPS US$1.87 (vs US$1.23 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$133.9m (up 50% from FY 2019). Net income: US$25.8m (up 53% from FY 2019). Profit margin: 19% (in line with FY 2019). Net interest margin (NIM): 5.14% (down from 5.60% in FY 2019). Cost-to-income ratio: 68.0% (down from 72.3% in FY 2019). Non-performing loans: 0.61% (up from 0.40% in FY 2019). Analyst Estimate Surprise Post Earnings • Jan 28
Revenue beats expectations Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 12%, compared to a 23% growth forecast for the Banks industry in Germany. Annonce • Jan 26
Capital Bancorp, Inc. Appoints Joseph (Jody) A. Greene to its Board of Directors Capital Bancorp, Inc. announced the appointment of Joseph (Jody) A. Greene to its Board of Directors effective January 1, 2021. Following his appointment, the Board’s 11 members, 9 of whom are independent, own approximately 41% of the outstanding shares of Bancorp. Joseph A. Greene has been a member of the Capital Bank Board since 2009 and has extensive experience in real estate, commerce and financing. He is President and CEO of Greene & Associates which is based in the Washington, DC area. His company invests in, develops and renovates commercial, corporate and residential properties in D.C., New York, South Carolina and Georgia. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 19% share price gain to US$12.86, the stock is trading at a trailing P/E ratio of 9.4x, up from the previous P/E ratio of 7.8x. This compares to an average P/E of 12x in the Banks industry in Europe. 
