Business
National Capital Bancorp, Inc. Reports Second Quarter Earnings and Quarterly Cash Dividend
WASHINGTON, DC / ACCESS Newswire / July 30, 2025 / National Capital Bancorp, Inc. (the "Company") (OTCID:NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") reported net income of $1,914,000, or $1.66 per common ...
About this update from National Cap Bancorp Inc.
[{"type":"text","content":"WASHINGTON, DC / ACCESS Newswire / July 30, 2025 / National Capital Bancorp, Inc. (the "Company") (OTCID:NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") reported net income of $1,914,000, or $1.66 per common share, for the three months ended June 30, 2025, compared to net income of $1,520,000 or $1.32 per common share, for the quarter ended June 30, 2024. For the six months ended June 30, 2025, the Company reported net income of $3,587,000, or $3.12 per share, compared to $2,690,000, or $2.34 for the six months ended June 30, 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":923,"tagName":"p"},{"type":"text","content":"Total assets were down slightly year-over-year at $702,597,000 on June 30, 2025, compared to $715,959,000 on June 30, 2024. Total loans of $509,759,000 on June 30, 2025, decreased by $11.3 million during the quarter but have increased by $5.4 million over the past twelve months. Loan balances in the quarter were impacted by the payoff of several construction loan projects, a payoff of a maturing CRE loan, as well as lower utilization of commercial revolving credit lines. Total deposits of $611,778,000 on June 30, 2025, decreased $7.8 million during the quarter but have increased $4.1 million over the past twelve months. The Company has been focused on balanced growth 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":1048,"tagName":"p"},{"type":"text","content":"The Company's net interest margin of 3.68% during the second quarter of 2025 increased slightly compared with 3.65% in the first quarter of 2025 and compares very favorably with 3.27% in the second quarter of 2024. Our strong mix of core deposits has allowed the Company to maintain...