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CAPITAL BANCORP , INC . CBNK Reports Diluted EPS of $ 0.68 , ROAA of 1.90 % , and ROAE of 22.36 %% for 2Q2021 Rockville , Maryland , July 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 $ 9.6 million , or $ 0.68 per diluted share , for the second quarter of 2021. By comparison , net income was $ 4.8 million , or $ 0.34 per diluted share , for the second quarter of 2020. Return on average assets ( " ROAA " ) was 1.90 % for the second quarter of 2021 , compared to 1.19 % for the same period in 2020 . Return on average equity ( " ROAE " ) was 22.36 % for the second quarter of 2021 , compared to 13.70 % for the same period in 2020 . " Capital Bancorp's second quarter results once again demonstrated the strength of our diversified business model that performs well in a variety of economic environments , " said Steven Schwartz , Chairman of the Board of the Company . " The strength of our earnings has made it possible to continue to invest in the business while delivering attractive returns to our shareholders . " " Growth has accelerated , leading to another strong and balanced quarter . The continued strong performance by all of our business lines emphasizes the momentum we have built through investment and strategic decisions at Capital Bank , " said Ed Barry , CEO of the Company . " OpenSky'sⓇ performance remains above expectations as consumers increasingly recognize the value of our product offerings . The Commercial Bank continues to grow and take advantage of dislocations in the market . Capital Bank Home Loans delivered another solid quarter despite a rapidly cooling origination environment . We believe we have laid the foundation for continued profitable growth and look forward to leading the market with our technology - led capabilities . " Second Quarter 2021 Highlights Capital Bancorp , Inc. • • • Strong Earnings - Continued strong performance by the Commercial Bank , Capital Bank Home Loans and OpenSkyⓇ contributed to another quarter of solid results . In the second quarter of 2021 , net income doubled to $ 9.6 million from $ 4.8 million in the second quarter of 2020 . Earnings were $ 0.68 per diluted share for the three months ended June 30 , 2021 compared to $ 0.34 per share for the same period last year . Industry - Leading Performance Ratios - Return on average assets ( " ROAA " ) and return on average equity ( " ROAE " ) were 1.90 % and 22.36 % , respectively , for the three months ended June 30 , 2021 compared to 1.19 % and 13.70 % , respectively , for the three months ended June 30 , 2020 . Expanded Net Interest Margin - The net interest margin was 5.47 % for the three months ended June 30 , 2021 , which is an increase of 75 basis points compared to 4.72 % for the same three month period last year . 1