CBNK (Capital Bancorp) Tax Rate % : 24.58% (As of Sep. 2024)

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What is Capital Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Capital Bancorp's Tax Expense for the three months ended in Sep. 2024 was $2.8 Mil. Capital Bancorp's Pre-Tax Income for the three months ended in Sep. 2024 was $11.5 Mil. Therefore, Capital Bancorp's Tax Rate % for the quarter that ended in Sep. 2024 was 24.58%.

Capital Bancorp Tax Rate % Historical Data

The historical data trend for Capital Bancorp's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Capital Bancorp Tax Rate % Chart

Capital Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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26.51

25.80

22.92

22.40

25.96

Capital Bancorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															19.49	23.91	24.95	24.58	30.09

Capital Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Capital Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	10.354	/	46.225
	=	22.40 %

Capital Bancorp's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	2.827	/	11.499
	=	24.58 %

Capital Bancorp Tax Rate % Related Terms

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Capital Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Capital Bancorp Inc (NAS:CBNK) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2275 Research Boulevard, Suite 600, Rockville, MD, USA, 20850

Website

https://www.capitalbankmd.com

Capital Bancorp Inc is a bank holding company. The company through its holdings operates as a commercial-focused community bank that serves businesses, not-for-profit associations, and entrepreneurs throughout the region. The bank operates through four divisions including Commercial Banking, Capital Bank Home Loans, Corporate Office, and OpenSky. Its Commercial Banking division offers banking-related services to clients, Capital Bank Home Loans division offers conventional and government-guaranteed residential mortgage loans on a nationwide basis for sale into the secondary market, while its OpenSky division provides secured credit cards on a nationwide basis to under-banked populations and those looking to rebuild their credit scores.

Executives

Randall James Levitt	director	ONE CHURCH STREET SUITE 300, ROCKVILLE MD 20850
Steven M Poynot	officer: EVP, Chief Operating Officer	8004 BRIGHT LIGHT PLACE, ELLICOTT CITY MD 21043
Mary Ann Scully	director	3301 BOSTON STREET, BALTIMORE MD 21224
Jacob Dalaya	officer: EVP, Chief Strategy Officer	2275 RESEARCH BLVD, SUITE 600, ROCKVILLE MD 20850
Perrine Constance E	officer: SVP & CAO	C/O OMNI FINANCIAL SERVICES, INC., SIX CONCOURSE PARKWAY, SUITE 2300, ATLANTA GA 30328
Jennings Walker	officer: EVP, Chief Financial Officer	2275 RESEARCH BLVD, SUITE 600, ROCKVILLE MD 20850
Gary M Kausmeyer	officer: Chief Risk Officer	185 EAST MARKET STREET, WARREN OH 44481
Jeffrey Kaye	officer: EVP, Chief Marketing Officer	2275 RESEARCH BLVD, SUITE 600, ROCKVILLE MD 20850
Sandeep Uthra	officer: EVP & CIO	2275 RESEARCH BLVD, 6TH FLOOR, ROCKVILLE MD 20850
Fred Joseph Lewis	director	2275 RESEARCH BLVD, ROCKVILLE MD 20850
Eric M. Suss	officer: EVP and CHRO	ONE CHURCH STREET, ROCKVILLE MD 20850
Jerome Ronnell Bailey	director	CAPITAL BANCORP, INC., 2275 RESEARCH BLVD, SUITE 600, ROCKVILLE MD 20850
Stephen N Ashman	director
James F. Whalen	director	ONE CHURCH STREET, ROCKVILLE MD 20850
Joshua Bernstein	director	ONE CHURCH STREET, ROCKVILLE MD 20850