1st Capital Bank: 1st Capital Bancorp Announces Fourth Quarter 2020 Financial Results
SALINAS, CA / ACCESSWIRE / January 29, 2021 /
1st Capital Bancorp (OTC PINK:FISB) reported unaudited net income of $1.59 million for the three months ended December 31, 2020, an increase of 67.1% compared to net income of $953 thousand in the third quarter of 2020 and a decrease of 8.1% compared to net income of $1.73 million in the fourth quarter of 2019. Earnings per share were $0.28 (diluted) for the fourth quarter of 2020, compared to $0.17 (diluted) for the prior quarter, and $0.31 (diluted) for the fourth quarter of 2019.
Unaudited net income for the year ended December 31, 2020 was $4.50 million, a decrease of 36.5% compared to net income of $7.09 million for the year ended December 31, 2019. Year-to-date earnings per share were $0.81 (diluted) and $1.27 (diluted) for the years ended December 31, 2020 and 2019, respectively.
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Capital Bancorp Plc has advised the investing public to be wary of companies that offer unrealistic returns on investment in a bid to defraud unsuspecting investors.
The firm dissociated itself from a publication that guaranteed 100 per cent return on investment, being offered by a company impersonating it through a website, capitalbancorppublicltd.com.
A statement issued by Capital Bancorp’s management to regulatory authorities and investing public indicated that only a money doubling scheme could guarantee such huge returns being offered on the website.
The company said, “The management and directors of Capital Bancorp Plc (Reg. No RC114135) call the attention of the general public, the Central Bank of Nigeria, the Securities and Exchange Commission, the Nigerian Stock Exchange, NASD Plc, FMDQ Plc and other financial institutions, the police and EFCC to a company using a website address of capitalbancorppublicltd.com claiming to be