Capital Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Capital Bancorp

23/01/2024 12:01

* Capital Bancorp Inc  CBNK.OQ  reported quarterly adjusted
earnings of 65 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 62 cents.  The mean expectation of
five analysts for the quarter was for earnings of 62 cents per
share. Wall Street expected results to range from 56 cents to 71
cents per share.
    * Revenue rose 0.2% to $40.83 million from a year ago;
analysts
expected $42.72 million. 
    * Capital Bancorp Inc's reported EPS for the quarter was 65
cents​.
    * The company reported quarterly net income of $9.03
million.
    * Capital Bancorp Inc shares had fallen by 3.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Capital Bancorp
Inc is $27.00 
This summary was machine generated from LSEG data January 23 at
12:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.62           0.65           Beat
 Sep. 30 2023      0.59           0.70           Beat
 Jun. 30 2023      0.54           0.52           Missed
 Mar. 31 2023      0.57           0.68           Beat