Numerous companies have been announcing their financial results this week, and one of those was National Capital Bancorp, the holding company of The National Capital Bank of Washington (OTC: NACB). Ahead of the beginning of today’s trading, it may be a good idea for investors to take a look at the company’s financial results, which were announced yesterday.
The Numbers
The company announced that in the three-month period that ended on December 31, 2024, it had managed to generate net income to the tune of $1,965,000, which worked out to earnings of $1.71 per common share. That reflected a significant improvement on the $1,088,000 in net income that it reported in the prior year quarter. At the time, the earnings per common share stood at $0.95.
More Numbers
For the fiscal year ended on December 31, 2024, the company reported net income of $6,381,000, which worked out to earnings of $5.55 a share. In the previous fiscal year, National Capital Bancorp reported $4,363,000, which worked out to earnings of $3.79 a common share. It should be noted that in November 2024 that company had implemented a stock split in the ratio 4:1. Investors could do well to keep an eye on the National Capital Bancorp stock today.
CEO Quote
“We are very pleased with our fourth-quarter and full-year results, which reflect the hard work and dedication of our exceptional team,” said Jimmy Olevson, President and Chief Executive Officer of the Bank. Olevson continued, “Our focus on productivity improvements and balanced growth has helped with our overall efficiency, and we are particularly proud of the increased value delivered to our shareholders. We look forward to building on this momentum as we continue to pursue enhanced returns and strengthen client relationships in the year ahead.”
