Capital Bancorp Reports Q3 Non-GAAP EPS and Revenue Misses
Capital Bancorp (CBNK) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of $0.89, missing estimates by $0.03. Despite the miss, revenue grew 8.0% year-over-year to reach $68.12 million, though this figure was $0.68 million below consensus forecasts. These results come amid ongoing developments regarding Capital Bancorp Peoples' proposed acquisition of Capital Bancorp in an all-stock transaction valued at approximately $728 million.
Topics: earnings_report mergers_and_acquisitions revenue_miss