Capital Bancorp, Inc. Q4 Profit Decreases, But Beats Estimates

(RTTNews) - 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.