National Capital Bank Of Washington - NACB STOCK NEWS

National Capital Bancorp, Inc. announced that Richard B. (Randy) Anderson, Jr. will retire as CEO of its subsidiary, The National Capital Bank of Washington, effective December 31, 2022, after 47 years in the industry. He will continue as President and CEO of the Company. James Olevson, previously the Bank's President since April 2022, has been appointed as the new CEO effective January 1, 2023. Olevson brings over 25 years of community banking experience and is expected to bolster leadership at the Bank.

National Capital Bancorp, Inc. (OTC Pink: NACB) reported net income for Q3 2022 at $1,285,000, or $4.47 per share, an increase from $1,204,000, or $4.20 per share in Q3 2021. Year-to-date, net income reached $3,233,000, down from $3,323,000 in 2021. Deposits fell by $5 million to $597,750,000, while total assets rose to $669,980,000. The bank's net interest margin remained stable at 3.08%. The Board declared a dividend of $0.60 per share due on November 30, 2022. CEO Randy Anderson highlighted a focus on managing net interest margin and developing new lending opportunities amidst rising interest rates.

National Capital Bancorp, Inc. (OTC Pink: NACB) reported a net income of $1,111,000 for Q2 2022, down from $1,164,000 in Q2 2021, reflecting earnings of $3.87 and $4.06 per share respectively. Total assets increased to $676,574,000 from $652,729,000 year-over-year. The Bank saw a decrease in total loans by $7.8 million compared to the previous quarter, while total deposits grew by $10.8 million. Management highlighted executive team additions aimed at enhancing growth. A dividend of $0.60 per share was declared, payable August 30, 2022.

National Capital Bank (NACB) has appointed Matthew W. Santmyer as Senior Vice President, Strategic Projects Director. With over 25 years in the financial industry, Santmyer will focus on implementing new products and services, enhancing operational efficiencies, and pursuing strategic growth opportunities. His background includes expertise in commercial lending and portfolio management. CEO Richard B. Anderson emphasized Santmyer's role in improving processes to better serve clients. NCB, founded in 1889, is based in Washington, D.C., and offers a variety of banking services.

National Capital Bank (NACB) has announced the addition of Bradley J. Duncan as Senior Vice President, Construction Lending Director, and Sean A. Biehl as Vice President, Commercial Loan Officer, to its lending team. With a combined 45 years of experience in real estate lending and commercial banking, both are expected to drive growth in the bank's lending portfolio. Duncan will focus on managing construction loans, while Biehl will enhance client relationships in the Northern Virginia area. This move aligns with NCB's strategic plan to expand business lending services in the Metropolitan Washington market.

National Capital Bancorp, Inc. (OTC Pink: NACB) reported a net income of $837,000 ($2.92 per share) for Q1 2022, down from $955,000 ($3.34 per share) in Q1 2021. Total assets rose to $668.6 million, while total deposits decreased by $65.2 million to $591.9 million due to a significant client deposit transfer. The company experienced a decline in net interest margin to 2.83% and a decrease in total loans to $406.5 million. A dividend of $0.60 per share was declared, payable on May 30, 2022.

The National Capital Bank of Washington (NACB) has appointed James (Jimmy) Olevson as its new President, supporting CEO Richard B. Anderson, Jr. With 25 years of community banking experience, Olevson's previous roles include Chief Lending Officer at MainStreet Bank and senior positions at Middleburg Bank and BB&T Bank. His leadership is expected to align with NCB's customer-first approach and growth strategy. Olevson holds a BA from UC Santa Barbara and an MBA from Pepperdine University, indicating a strong educational background.

National Capital Bancorp reported a net income of $1,323,000 ($4.62/share) for Q4 2021, up from $1,003,000 ($3.51/share) in Q4 2020. For the full year, net income increased to $4,646,000 ($16.23/share) from $2,648,000 ($9.26/share) in 2020. Total assets grew to $734,709,000, while total loans decreased by $36.1 million to $396,453,000. Total deposits rose by $89.4 million to $657,116,000, bolstered by a significant client deposit. A quarterly dividend of $0.60 per share was declared, representing a 9.1% increase over the previous quarter.

National Capital Bancorp, Inc. (OTC Pink: NACB) announced a net income of $1,204,000 ($4.20 per share) for Q3 2021, up from $1,050,000 ($3.67 per share) in Q3 2020. Year-to-date, net income reached $3,323,000 ($11.61 per share), compared to $1,645,000 ($5.75) last year. Total assets rose to $645,131,000, while total loans decreased by $33.1 million to $432,514,000. Despite a decline in net interest margin to 3.14%, shareholders will receive a $0.55 dividend per share on November 30, 2021.