Capital Bancorp reports Q3 adjusted EPS 66c, consensus 68c

Reports Q3 revenue $44.99M, consensus $45.25M. Reports Q3 tangible book value per share $20.13. Reports Q3 CET1 capital ratio 14.78%. “We continue to benefit from our diversified business which is driving growth across our platforms,” said Ed Barry, CEO. “With the changing interest rate environment, our core margin has inflected. The acquisition of Integrated Financial Holdings, Inc. is now complete and we are now focused on integration and unlocking opportunity out of their complementary lines of business.”