Capital Bancorp Full Year 2024 Earnings: EPS Beats Expectations

Capital Bancorp (NASDAQ:CBNK) Full Year 2024 Results

Key Financial Results

• Revenue: US$168.1m (up 7.0% from FY 2023).
• Net income: US$31.0m (down 14% from FY 2023).
• Profit margin: 18% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.12 (down from US$2.56 in FY 2023).

CBNK Banking Performance Indicators

• Net interest margin (NIM): 6.22% (down from 6.60% in FY 2023).
• Non-performing loans: 1.15% (up from 0.84% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Capital Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%.

The primary driver behind last 12 months revenue was the Commercial Bank segment contributing a total revenue of US$85.9m (51% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$99.8m (73% of total expenses). Explore how CBNK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Capital Bancorp that you need to take into consideration.

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