Capital Bancorp: Q1 Earnings Snapshot

ROCKVILLE, Md. (AP) _ Capital Bancorp, Inc. (CBNK) on Wednesday reported first-quarter net income of $10.2 million.

The bank, based in Rockville, Maryland, said it had earnings of 71 cents per share.

The company posted revenue of $42.7 million in the period. Its revenue net of interest expense was $41.6 million, exceeding Street forecasts.

Capital Bancorp shares have declined 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares...

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ROCKVILLE, Md. (AP) _ Capital Bancorp, Inc. (CBNK) on Wednesday reported first-quarter net income of $10.2 million.

The bank, based in Rockville, Maryland, said it had earnings of 71 cents per share.

The company posted revenue of $42.7 million in the period. Its revenue net of interest expense was $41.6 million, exceeding Street forecasts.

Capital Bancorp shares have declined 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.66, an increase of 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBNK at https://www.zacks.com/ap/CBNK

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