Capital Bancorp INC 8-K filings

Capital Bancorp's first quarter 2024 results show a decrease in net income compared to previous quarters, but also significant loan and deposit growth, alongside a pending merger with Integrated Financial Holdings, Inc.

Capital Bancorp, Inc. and Integrated Financial Holdings, Inc. have agreed to merge, with Capital Bancorp as the surviving entity.

Capital Bancorp will acquire Integrated Financial Holdings in a cash and stock transaction valued at $66 million, expanding its commercial lending business and creating a nationwide leader in government guaranteed lending.

Capital Bancorp's fourth quarter results show a net income of $9.0 million and a tangible book value per share increase of 16% year-over-year.

Capital Bancorp reported a net income of $9.0 million for the fourth quarter of 2023, with notable loan growth offset by a decrease in deposits.