CBNK - Capital Bancorp GAAP EPS of $0.68 beats by $0.11 revenue of $40.52M misses by $0.38M
2023-04-21 02:50:36 ET
- Capital Bancorp press release ( NASDAQ: CBNK ): Q1 GAAP EPS of $0.68 beats by $0.11 .
- Revenue of $40.52M (-2.6% Y/Y) misses by $0.38M .
- Tangible book value per common share grew 15.7% to $16.65 at March 31, 2023 when compared to the same quarter in 2022.
- The Company maintains a strong liquidity position and remains well-capitalized as our Risk Based Capital was 16.15% as of March 31, 2023.
- Return on average assets and return on average equity were 1.84% and 16.98%, respectively, for the three months ended March 31, 2023, compared to 2.01% and 20.30%, respectively, for the three months ended March 31, 2022.
- Our efficiency ratio decreased to 64.7% for the three months ended March 31, 2023 compared to 65.1% for the same period in the prior year.
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Capital Bancorp GAAP EPS of $0.68 beats by $0.11, revenue of $40.52M misses by $0.38M