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

Capital Bancorp

22/04/2024 22:01

* Capital Bancorp Inc  CBNK.OQ  reported quarterly adjusted
earnings of 47 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 68 cents.  The mean expectation of five analysts for the
quarter was for earnings of 50 cents per share. Wall Street
expected results to range from 49 cents to 53 cents per share.
    * Revenue rose 1.2% to $40.98 million from a year ago;
analysts
expected $40.69 million. 
    * Capital Bancorp Inc's reported EPS for the quarter was 47
cents​.
    * The company reported quarterly net income of $6.56
million.
    * Capital Bancorp Inc shares had fallen by 5.3% this
quarter and
lost 18.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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 $25.00 
This summary was machine generated from LSEG data April 22 at
09:01 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
 Mar. 31 2024      0.50           0.47           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