Capital Bancorp Sets Q4/FY23 Earnings Release for Jan 25, Call Jan 26
Ticker: CBNK · Form: 8-K · Filed: Jan 22, 2024 · CIK: 1419536
| Field | Detail |
|---|---|
| Company | Capital Bancorp INC (CBNK) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $0.08 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: earnings-announcement, conference-call, financial-reporting
TL;DR
**Capital Bancorp is dropping Q4/FY23 earnings on Jan 25, with a call on Jan 26 – get ready for potential stock movement.**
AI Summary
Capital Bancorp Inc. filed an 8-K on January 22, 2024, to announce the date of its fourth-quarter and full-year 2023 earnings release and conference call. The company will release its financial results after the market closes on January 25, 2024, and host a conference call the following morning, January 26, 2024, at 11:00 AM ET. This matters to investors because it sets the expectation for when crucial financial performance data will be made public, allowing them to assess the company's health and future prospects.
Why It Matters
This filing is important because it provides investors with the exact dates and times to expect Capital Bancorp's latest financial results and the opportunity to hear management's commentary, which can significantly impact stock price.
Risk Assessment
Risk Level: low — This filing is purely informational, announcing an upcoming event, and does not contain any new financial data or operational changes that would introduce immediate risk.
Analyst Insight
A smart investor would mark January 25th and 26th on their calendar to review Capital Bancorp's earnings report and listen to the conference call, preparing to analyze the financial performance before making any trading decisions.
Key Players & Entities
- Capital Bancorp Inc. (company) — the registrant filing the 8-K
- January 22, 2024 (date) — date of earliest event reported and filing date
- January 25, 2024 (date) — date of Q4 and full-year 2023 earnings release
- January 26, 2024 (date) — date of the earnings conference call
- 11:00 AM ET (time) — start time of the earnings conference call
Forward-Looking Statements
- Capital Bancorp's stock price will experience increased volatility around January 25-26, 2024, due to the earnings release and conference call. (Capital Bancorp Inc.) — high confidence, target: 2024-01-26
- Analysts will update their price targets and ratings for Capital Bancorp following the Q4 and full-year 2023 earnings report. (Capital Bancorp Inc.) — medium confidence, target: 2024-02-02
FAQ
What is the purpose of this 8-K filing by Capital Bancorp Inc.?
The purpose of this 8-K filing is to announce the date of the company's fourth-quarter and full-year 2023 earnings release and the subsequent conference call, as reported on January 22, 2024.
When will Capital Bancorp Inc. release its fourth-quarter and full-year 2023 financial results?
Capital Bancorp Inc. will release its fourth-quarter and full-year 2023 financial results after the market closes on Thursday, January 25, 2024.
When is the conference call scheduled for Capital Bancorp Inc.'s Q4 and full-year 2023 earnings?
The conference call for Capital Bancorp Inc.'s Q4 and full-year 2023 earnings is scheduled for Friday, January 26, 2024, at 11:00 AM ET.
What is the address of Capital Bancorp Inc.'s principal executive offices?
The address of Capital Bancorp Inc.'s principal executive offices is 2275 Research Boulevard, Suite 600, Rockville, Maryland 20850.
What is the Commission file number for Capital Bancorp Inc.?
The Commission file number for Capital Bancorp Inc. is 001-38671.
Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-01-22 16:01:32
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share CBNK NASDAQ Stock Market It
- $0.08 — Company's Board of Directors declared a $0.08 per share dividend, payable on February
Filing Documents
- cbnk-20240122.htm (8-K) — 25KB
- earningsrelease12312023.htm (EX-99.1) — 1265KB
- capitalbancorplogoa21a.jpg (GRAPHIC) — 39KB
- 0001628280-24-001848.txt ( ) — 1538KB
- cbnk-20240122.xsd (EX-101.SCH) — 2KB
- cbnk-20240122_lab.xml (EX-101.LAB) — 26KB
- cbnk-20240122_pre.xml (EX-101.PRE) — 13KB
- cbnk-20240122_htm.xml (XML) — 3KB
02 Results of Operations and Financial Disclosure
Item 2.02 Results of Operations and Financial Disclosure On January 22, 2024, Capital Bancorp, Inc. (the "Company") issued a press release announcing the Company's unaudited financial results for the three months and year ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and hereby incorporated by reference. The information furnished under Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1 to this Current Report on Form 8-K, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933, as amended, except as shall be set forth by specific reference in such filing.
01. Other Events
Item 8.01. Other Events On January 19, 2024, the Company's Board of Directors declared a $0.08 per share dividend, payable on February 21, 2024 to stockholders of record on February 5, 2024.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press Release, dated January 22, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAPITAL BANCORP, INC. By: /s/ Jay Walker Name: Jay Walker Title: Chief Financial Officer January 22, 2024 3