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

• Capital Bancorp Inc CBNK.OQ reported quarterly adjusted earnings of 82 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of four analysts for the quarter was for earnings of 72 cents per share. Wall Street expected results to range from 67 cents to 76 cents per share.

• Revenue rose 43% to $58.60 million from a year ago; analysts expected $57.43 million.

• Capital Bancorp Inc's reported EPS for the quarter was 82 cents​.

• The company reported quarterly net income of $13.93 million.

• Capital Bancorp Inc shares had fallen by 0.8% this quarter and lost 1.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.9% 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 $34.00

This summary was machine generated from LSEG data April 28 at 10:53 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)