Fri, May 9, 7:55 PM (6 days ago)
**Capital Bancorp, Inc. (CBNK) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $62.8 million (up 29.8% YoY) - **Net Income:** $13.9 million (up 112.3% YoY) - **Earnings per Share (EPS):** $0.82 (up 74.5% YoY) - **Return on Assets (ROA):** 1.75% - **Return on Equity (ROE):** 15.56% - **Net Interest Margin:** 6.05% (down 19 bps YoY) - **Efficiency Ratio:** 64.94% (improved from 71.95% YoY) **Profit Margins & Cash Flow:** - **Net Interest Income:** $46.0 million (up 31.5% YoY) - **Noninterest Income:** $12.5 million (up 110.1% YoY) - **Noninterest Expense:** $38.1 million (up 29.1% YoY) - **Provision for Credit Losses:** $2.2 million (down 17.6% YoY) - **Operating Cash Flow:** $22.6 million (up from -$3.4 million YoY) **Earnings Changes & Quarterly Performance:** - **Net Income Growth:** 112.3% YoY - **EPS Growth:** 74.5% YoY - **ROA Improvement:** 60 bps YoY - **ROE Improvement:** 5.37% YoY - **Net Interest Margin Decrease:** 19 bps YoY (due to IFH acquisition) - **Efficiency Ratio Improvement:** 701 bps YoY **Trends & Uncertainties:** - **Positive Trends:** Strong loan growth, improved efficiency, and higher noninterest income. - **Uncertainties:** Interest rate volatility, economic conditions, and integration of IFH acquisition. - **Future Operations Impact:** Continued focus on organic growth, cost management, and strategic acquisitions. **Segment Performance (Q1 2025 vs. Q1 2024):** - **Commercial Banking:** Net income up 166.4% to $14.9 million. - **OpenSky™:** Net income up 45.4% to $3.1 million. - **Windsor Advantage™:** Net income up from -$0.7 million to $0.9 million. - **Capital Bank Home Loans:** Net income down from -$0.7 million to -$0.7 million. **Capital Structure & Liquidity:** - **Total Assets:** $3.35 billion (up 4.5% YoY) - **Total Liabilities:** $3.00 billion (up 4.5% YoY) - **Total Equity:** $370 million (up 4.1% YoY) - **Leverage Ratio:** 10.68% (well-capitalized) - **Liquidity:** Strong, with ample borrowing capacity and cash reserves. **Notable Items:** - Completed acquisition of Integrated Financial Holdings, Inc. (IFH) in Q4 2024. - Declared a $0.10 per share dividend for Q2 2025. - Authorized a new $15 million stock repurchase program.