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Capital Bancorp Reports First Quarter 2021 Net Income of $9.0 million, or $0.65 per diluted share

Capital Bancorp Reports First Quarter 2021 Net Income of $9.0 million, or $0.65 per diluted share
ROCKVILLE, Md., April 22, 2021 (GLOBE NEWSWIRE) Capital Bancorp, Inc. (the “Company”) (NASDAQ: CBNK), the holding company for Capital Bank, N.A. (the “Bank”), today reported net income of $9.0 million, or $0.65 per diluted share, for the first quarter of 2021. By comparison, net income was $2.9 million, or $0.21 per diluted share, for the first quarter of 2020. Return on average assets was 1.87% for the first quarter of 2021, compared to 0.84% for the same period in 2020. Return on average equity was 22.3% for the first quarter of 2021, compared to 8.6% for the same period in 2020.
“Capital Bancorp started the year with solid first quarter results and is well-positioned to continue our profitable growth in 2021,” said Steven Schwartz, Chairman of the Board of the Company. “Investments in technology and personnel continue to drive results and support the Bank’ ....

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How to buy a home with no down payment

How to buy a home with no down payment
CNN
3/3/2021
By Anna Bahney, CNN Business
© John Bazemore/AP
A new home is for sale in Madison, Ga., Thursday, Feb. 18, 2021. U.S. long-term mortgage rates rose this week but still remain near historic lows as the pandemic-hobbled economy strains toward recovery with more Americans getting vaccinated against the coronavirus. (AP Photo/John Bazemore)
As home prices continue to rise, affording a down payment has become a bigger hurdle for prospective home buyers. But there are a few options that can help: government-backed loans that allow borrowers to buy a home with little or even no money down. ....

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