Capital Bancorp Q4 EPS $0.65 Beats $0.62 Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital Bancorp (NASDAQ:CBNK) reported Q4 earnings of $0.65 per share, surpassing the consensus estimate of $0.62 by 4.84%. This represents a 4.84% increase from the same quarter last year.
January 22, 2024 | 9:06 pm
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Capital Bancorp reported a positive earnings surprise with Q4 EPS of $0.65, exceeding estimates by 4.84% and showing year-over-year growth.
Beating earnings estimates typically has a positive effect on investor sentiment and can lead to a short-term increase in stock price. The 4.84% increase over last year's earnings also indicates growth, which may be viewed favorably by the market.
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