Capital Bancorp, Inc. (CBNK) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $7.53 million, or $0.45 per share. This compares with $9.03 million, or $0.65 per share, last year.
Excluding items, Capital Bancorp, Inc. reported adjusted earnings of $15.47 million or $0.92 per share for the period.
Analysts on average had expected the company to earn $0.65 per share. Analysts' estimates typically exclude special items.
Capital Bancorp, Inc. earnings at a glance (GAAP) :
-Earnings: $7.53 Mln. vs. $9.03 Mln. last year.
-EPS: $0.45 vs. $0.65 last year.
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