Capital Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share

Rhea-AI Summary

Capital Bancorp, Inc. (NASDAQ: CBNK) has declared a cash dividend of $0.06 per share, payable on February 22, 2023 to shareholders of record as of February 6, 2023. The company, based in Rockville, Maryland, has assets totaling approximately $2.1 billion. Capital Bank, its wholly-owned subsidiary, ranks as the fourth largest bank headquartered in Maryland as of December 31, 2022. Capital Bancorp has been in operation since 1999 and serves the greater Washington, D.C. and Baltimore markets.

Positive

• Dividend declared at $0.06 per share, providing direct income for shareholders.
• Strong asset base of approximately $2.1 billion as of December 31, 2022.

Negative

• None.

ROCKVILLE, Md., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (NASDAQ: CBNK) (“Company”), the holding company of Capital Bank (“Bank”), announced today that its Board of Directors has declared a cash dividend on its common stock of $0.06 per share. The dividend is payable on February 22, 2023 to shareholders of record as of February 6, 2023.

ABOUT CAPITAL BANCORP, INC.

Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. The Company’s wholly-owned subsidiary, Capital Bank, N.A., is the fourth largest bank headquartered in Maryland at December 31, 2022. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in five locations in the greater Washington, D.C. and Baltimore, Maryland markets. Capital Bancorp had assets of approximately $2.1 billion at December 31, 2022 and its common stock is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company's website www.CapitalBankMD.com under its investor relations page.

FINANCIAL CONTACT: Alan Jackson (240) 283-0402

MEDIA CONTACT: Ed Barry (240) 283-1912

FAQ

What is the dividend amount declared by Capital Bancorp, Inc. (CBNK)?

Capital Bancorp has declared a cash dividend of $0.06 per share.

When will the dividend be paid to shareholders of CBNK?

The dividend is payable on February 22, 2023.

What is the record date for the dividend of Capital Bancorp?

The record date for the dividend is February 6, 2023.

What is the current asset value of Capital Bancorp, Inc. (CBNK)?

Capital Bancorp has assets totaling approximately $2.1 billion as of December 31, 2022.