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Capital Bancorp: Q3 Earnings Snapshot
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ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Capital Bancorp, Inc. (CBNK) on Monday reported third-quarter net income of $13.1 million.

The Rockville, Maryland-based bank said it had earnings of 80 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 89 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The company posted revenue of $87.3 million in the period. Its revenue net of interest expense was $68.1 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $69 million.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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