National Capital Bancorp, Inc. Reports Third Quarter Earnings and Quarterly Cash Dividend

About this update from National Cap Bancorp Inc.

WASHINGTON, DC / ACCESS Newswire / October 29, 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 $1,787,000, or $1.55 per common share, for the three months ended September 30, 2025, compared to net income of $1,726,000, or $1.50 per common share, for the quarter ended September 30, 2024. For the nine months ended September 30, 2025, the Company reported net income of $5,374,000, or $4.67 per common share, compared to $4,416,000, or $3.84 per common share, for the nine months ended September 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 year-to-date earnings was primarily attributable to higher net interest income driven by continued net interest margin expansion. While strong revenue growth aided the financial performance for the third quarter of 2025, the quarter was negatively affected by an increase in provision for credit losses due to both significant quarterly loan growth as well as an increase in specific reserves on one borrower relationship. Total assets ended the quarter at $727,154,000 on September 30, 2025. Total loans of $537,753,000 on September 30, 2025 reflected an increase of $28.0 million during the quarter and an increase of $18.4 million (3.6%) over the past twelve months. Total deposits increased $31.7 million during the quarter to $643,444,000 on September 30, 2025 and have increased $38.1 million (6.3%) over the past twelve months. The Company has focused on balanced growth over the past year with deposit growth providing the 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 continue to pursue desirable new relationship opportunities. The Company's net interest margin of 3.60% during the third quarter of 2025 was down compared with 3.68% in the second quarter of 2025 but was up nicely compared with 3.27% in the third quarter of 2024. The most recent quarter reflects strong deposit growth incl...

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