Capital Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

• Capital Bancorp Inc CBNK.OQ reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of four analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 51 cents to 80 cents per share.

• Revenue rose 37.8% to $56.24 million from a year ago; analysts expected $54.78 million.

• Capital Bancorp Inc's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $7.53 million.

• Capital Bancorp Inc shares had risen by 1.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.6% 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 3 "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 $32.00

This summary was machine generated from LSEG data January 27 at 10:28 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)