Business
National Capital Bancorp, Inc. Reports First Quarter Earnings and Quarterly Cash Dividend
WASHINGTON, D.C. / ACCESS Newswire / April 30, 2025 / National Capital Bancorp, Inc. (the "Company") (OTC Pink:NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") reported net income of $1,673,000, or $1.46 ...
About this update from National Cap Bancorp Inc.
[{"type":"text","content":"WASHINGTON, D.C. / ACCESS Newswire / April 30, 2025 / National Capital Bancorp, Inc. (the "Company") (OTC Pink:NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") reported net income of $1,673,000, or $1.46 per common share, for the three months ended March 31, 2025, compared to net income of $1,170,000 or $1.02 per common share, for the quarter ended March 31, 2024. Earnings per share, cash dividends per share and average shares outstanding have been adjusted to reflect the November 2024 4:1 stock split paid in the form of a stock dividend. The increase in earnings was primarily attributable to higher net interest income driven by continued net interest margin expansion.","length":751,"tagName":"p"},{"type":"text","content":"Total assets increased year-over-year to $716,771,000 on March 31, 2025 compared to $708,183,000 on March 31, 2024. Total loans of $521,089,000 on March 31, 2025 increased by $1.9 million during the quarter and have increased by $11.9 million (2.3%) over the past twelve months. Total deposits of $619,556,000 on March 31, 2025, decreased $8.6 million during the quarter but have increased $37.8 million (6.5%) over the past twelve months. The Company has focused on balanced growth over the past year with deposit growth providing funding for new loan opportunities. As a result, the Company continues to experience a relatively low reliance on wholesale funding sources and maintains strong levels of available secured borrowing capacity to meet the financing and cash flow needs of our client base as well as continuing to pursue desirable new relationship opportunities.","length":874,"tagName":"p"},{"type":"text","content":"The Company's net interest margin of 3.65% during the first quarter of 2025 compares favorably with 3.42% in the fourth quarter of 2024 and 3.20% in the first quarter of 2024. Our strong mix of core deposits has allowed the Company to maintain a more stable cost of funds and, combined with a favorable shift in our asset mix, has resulted in the improved net interest margin.","length":380,"tagName":"p"},{"type":"text","content":"Total shareholders' equity increased to $61,287,000 on March 31, 2025 from $54,053,000 a year ago due primarily to the retained earnings for the past twelve months. For the quarter ended March ...