Capital Bancorp: Q3 Earnings Snapshot

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.

_____

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