CBNK News & Events

Reports Q4 tangible book value per share $22.05. Reports Q4 CET1 capital ratio 12.98%. Reports Q4 net charge-offs .32%. "Our diversified business model continues to be a source of consistency and strength enabling us to perform at a high level in different market conditions," said Ed Barry, CEO of the company. With the IFH integration behind us, our focus on executing our strategic plan remains our top priority. Our growth levers offer us a wide range of options on which we are capitalizing."

Capital Bancorp announced the renewal of Ed Barry's employment agreement through December 2027. In connection with the renewal of his employment contract, Barry will continue to serve as Chief Executive Officer of Capital Bancorp. In conjunction with the renewal, Steve Poynot, currently President and Chief Operating Officer, will be elevated to Chief Executive Officer of Capital Bank, N.A. "Our long-term growth strategy is built around creating a diversified financial services enterprise comprised of a core commercial bank and a set of differentiated, high-performing businesses," said Steven J. Schwartz, Chairman of the Board. "This leadership alignment acknowledges the complexity of our enterprise and ensures that we continue to harvest the investments that we have made in our commercial banking franchise, while continuing to maximize the growth of our other lines of business."