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ROCKVILLE, Md. - Capital Bank, N.A., a subsidiary of Capital Bancorp, Inc. (NASDAQ: CBNK), has announced the launch of its new digital banking platform. The platform, developed in partnership with Q2, aims to provide a secure and modern banking experience for business customers. The announcement comes as Capital Bancorp demonstrates strong market performance, with InvestingPro data showing a remarkable 62% return over the past year.
The bank, which boasts over $3.3 billion in assets as of March 31, 2025, has taken this step as part of its digital evolution strategy. With a market capitalization of $547 million and impressive revenue growth of 21% over the last twelve months, the bank appears well-positioned for expansion. The new system includes advanced digital treasury management features and is designed to scale, facilitating the bank’s expansion into new geographies and customer segments. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $34.01, reflecting strong investor confidence in the bank’s strategic initiatives.
Ed Barry, CEO of Capital Bank, emphasized that the new platform is a strategic move to scale the bank’s operations. He highlighted that the investment in a modern, flexible platform would enable the bank to meet complex business needs, penetrate new markets, and offer a seamless customer experience expected in today’s digital economy, while maintaining the personal touch that characterizes the bank.
The platform is intended to provide consistent access across different devices, aligning with the bank’s commitment to reliable service both online and in-person. Steve Poynot, President and COO of Capital Bank, stated that the collaboration with Q2 allows the bank to extend its relationship-first approach into the digital realm, ensuring convenience for customers without sacrificing quality.
Capital Bank, part of the Federal Reserve Bank System and FDIC-insured, has been operating since 1999. The bank has a history of merging innovative technology with personalized financial solutions to support client growth. The launch of the new digital banking platform represents a continuation of this tradition in the digital age.
This development is based on a press release statement from Capital Bancorp, Inc. and reflects the bank’s efforts to stay agile in the fast-evolving financial industry. InvestingPro reveals additional insights about Capital Bancorp’s strong market position, with analysts maintaining a consensus Buy rating and the company showing consistent dividend growth over the past four years. InvestingPro subscribers have access to over 10 more exclusive tips and detailed financial metrics for CBNK.
In other recent news, Capital Bancorp has reported notable developments that are capturing the attention of investors. The company recently announced a new stock repurchase program, authorizing the buyback of up to $15 million worth of its common stock, which represents about 4.1% of its issued and outstanding shares. This move follows the completion of a previous buyback plan, signaling Capital Bancorp’s ongoing strategy to manage capital and return value to shareholders.
Additionally, Stephens raised its price target for Capital Bancorp to $36, maintaining an Overweight rating, following the company’s earnings report. The report revealed an operating earnings per share (EPS) of $0.88, surpassing the consensus estimate of $0.73. Capital Bancorp’s core pre-provision net revenue also exceeded expectations, driven by higher net interest income and lower-than-anticipated expenses.
In a similar vein, Keefe, Bruyette & Woods increased their price target for Capital Bancorp to $35, citing higher net interest income and successful integration of IFH. The firm also raised its 2025 EPS estimates by 6%, reflecting confidence in the company’s financial health. These recent developments indicate a positive outlook for Capital Bancorp, as analysts recognize its strong financial metrics and strategic initiatives.
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