Capital Bancorp misses Q1 net income estimates, warns of geopolitical disruption

Capital Bancorp

27/04/2026 21:25

Overview

U.S. bank's Q1 net income fell 14% yr/yr, missing analyst expectations

Adjusted EPS for Q1 dropped to $0.73 from $0.82 a year ago

Company repurchased $3.5 mln in stock and raised quarterly dividend to $0.12/share

Outlook

Capital Bancorp says it is investing in technology and new products to support growth

Company remains alert to potential market disruptions but sees no macroeconomic credit deterioration

Result Drivers

HIGHER NONINTEREST EXPENSES - Q1 noninterest expense rose $4.6 mln from prior qtr, mainly due to increased personnel costs, technology investments, and professional fees related to expansion and OpenSky initiatives

LOWER NET INTEREST INCOME - Net interest income fell $0.9 mln from prior qtr, as lower interest income from OpenSky due to rate changes offset loan growth in the Commercial Bank

FEE REVENUE GROWTH - Fee revenue rose $0.9 mln from prior qtr, mainly due to higher government lending revenue, though partly offset by lower credit card-related fees

Company press release: ID:nGNX6pmRLv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
$0.73
Q1 Net Income
Miss
$12 mln
$13.34 mln (4 Analysts)
Q1 Net Interest Income
$49.40 mln
Q1 Loan Loss Provision
$3 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Capital Bancorp Inc is $35.00, about 11.6% above its April 24 closing price of $31.37

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)