Articles from NATIONAL CAPITAL BANCORP, INC.

WASHINGTON, DC / ACCESS Newswire / July 29, 2026 / National Capital Bancorp, Inc. ( "NACB" or the "Company") (OTCID:NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") reported net income of $1,624,000, or $1.41 per common share, for the three months ended June 30, 2026, compared to net income of $1,914,000, or $1.66 per common share, for the three months ended June 30, 2025. For the six months ended June 30, 2025, the Company reported net income of $2,677,000 or $2.32 per common share, compared to $3,587,000, or $3.12 per common share for the six months ended June 30, 2025. The decrease in earnings was primarily attributable to higher provision expense in the first quarter and merger related expenses.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank”) announced today that its Board of Directors approved a share repurchase program of up to $600,000, allowing for purchases from time to time, in open market or private transactions provided, however, that the aggregate number of shares of common stock repurchased shall not exceed 12,000 shares (approximately 1.0% of outstanding shares), with an expiration date of February 28, 2026. Repurchases, if any, under the program will be made at the sole discretion of management, and the timing and actual number of shares repurchased will depend upon market pricing and conditions, and other business considerations. The buyback program does not obligate the Company to purchase any particular number of shares and there is no guarantee as to the exact number of shares that will be repurchased by the Company. The program may be suspended, modified or terminated by the Company at any time and for any reason, without prior notice.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,965,000, or $1.71 per common share, for the three months ended December 31, 2024, compared to net income of $1,088,000 or $0.95 per common share, for the quarter ended December 31, 2023. For the year ended December 31, 2024, the Company reported net income of $6,381,000, or $5.55 per share, compared to $4,363,000, or $3.79 for the year ended December 31, 2023. In November 2024, the Company implemented a 4:1 stock split, distributed in the form of a stock dividend, which resulted in the issuance of three new shares for each outstanding share of the Company’s common stock. Earnings per share, dividends per share and average shares outstanding have been adjusted to reflect the stock dividend. The increase in earnings was primarily attributable to the results of productivity improvement and cost-reduction initiatives that have taken place since early 2023 along with higher net interest income driven by continued growth in average earning assets.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank”), reported net income of $1,726,000, or $6.00 per common share, for the three months ended September 30, 2024, compared to net income of $1,136,000, or $3.95 per common share, for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, the Company reported net income of $4,416,000, or $15.35 per common share, compared to $3,275,000, or $11.39 per common share, for the nine months ended September 30, 2023. The earnings improvement was primarily attributable to the results of productivity improvement and cost-reduction initiatives that have taken place since early 2023 along with higher net interest income driven by continued growth in average earning assets.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,520,000, or $5.28 per common share, for the three months ended June 30, 2024, compared to net income of $1,190,000 or $4.13 per common share, for the quarter ended June 30, 2023. For the six months ended June 30, 2024, the Company reported net income of $2,690,000, or $9.35 per share, compared to $2,139,000, or $7.44 for the six months ended June 30, 2023. The earnings improvement was primarily attributable to the results of productivity improvement and cost-reduction initiatives that have taken place since early 2023 along with a rebound in our net interest margin during the second quarter.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,170,000, or $4.07 per common share, for the three months ended March 31, 2024, compared to net income of $949,000 or $3.30 per common share, for the quarter ended March 31, 2023. The earnings improvement was primarily attributable to the results of productivity improvement and cost-reduction initiatives that took place throughout 2023.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,088,000, or $3.78 per common share, for the three months ended December 31, 2023, compared to net income of $1,355,000 or $4.71 per common share, for the quarter ended December 31, 2022. For the year ended December 31, 2023, the Company reported net income of $4,363,000, or $15.17 per share, compared to $4,588,000, or $15.98 for the year ended December 31, 2022. A recovery of provision for credit losses in the fourth quarter of the prior year along with a stronger net interest margin in the prior year period were the leading factors in the decrease in Company profitability in the fourth quarter of 2023. Prior year non-interest income included a $393,000 loss on the sale of securities which occurred in the fourth quarter of 2022. The Company has implemented cost reduction initiatives during the most recent quarter to help offset the pressure from increased funding costs. Loan quality remains pristine with no non-performing loans as of December 31, 2023.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,136,000, or $3.95 per common share, for the three months ended September 30, 2023, compared to net income of $1,285,000 or $4.47 per common share, for the quarter ended September 30, 2022. For the nine months ended September 30, 2023, the Company reported net income of $3,275,000, or $11.39 per share, compared to $3,233,000, or $11.26 for the nine months ended September 30, 2022. A recovery of provision for credit losses in the third quarter of the prior year was the leading factor in the decrease in Company profitability in the third quarter of 2023. Improvement in asset mix through continued loan growth along with enhanced expense control during the quarter helped to offset pressure from increased funding costs. Loan quality remains pristine with no non-performing loans as of September 30, 2023.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,190,000, or $4.13 per common share, for the three months ended June 30, 2023, compared to net income of $1,111,000 or $3.87 per common share, for the quarter ended June 30, 2022. For the six months ended June 30, 2023, the Company reported net income of $2,139,000, or $7.44 per share, compared to $1,948,000, or $6.79 for the six months ended June 30, 2022. Improvement in asset mix through continued loan growth along with enhanced expense control during the quarter helped to offset pressure from increased funding costs. Non-interest income for the quarter included a one-time gain of $835,000 from the sale of the Bank’s holdings of class B shares of Visa, Inc. This gain was largely offset by a loss of $789,000 on the sale of $12.5 million of available-for-sale securities which was done to reposition the Company’s balance sheet.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $949,000, or $3.30 per common share, for the three months ended March 31, 2023, compared to net income of $837,000 or $2.92 per common share, for the quarter ended March 31, 2022. The earnings improvement was primarily attributable to increased net interest margin compared to the same period in 2022.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank"), reported net income of $1,355,000, or $4.71 per common share, for the three months ended December 31, 2022, compared to net income of $1,323,000 or $4.62 per common share, for the quarter ended December 31, 2021. For the year ended December 31, 2022, the Company reported net income of $4,588,000, or $15.98 per share, compared to $4,646,000, or $16.23 for the year ended December 31, 2021. Solid organic loan growth during the current year has helped to offset the prior year’s favorable impact from the Company’s active role in the Paycheck Protection Program (PPP). In addition, the Company has benefitted from the interest rate increases instituted this year by the Federal Reserve Bank. Non-interest income declined as the Company recorded a $393,000 loss on the sale of securities in the fourth quarter of 2022 in an attempt to position the portfolio for better performance in 2023.

National Capital Bancorp, Inc. (the “Company”) announced today that Richard B. (Randy) Anderson, Jr. has decided to retire as Chief Executive Officer of its subsidiary, The National Capital Bank of Washington (the “Bank”) on December 31, 2022 after a distinguished 47-year career including the last seven years with the Bank. Mr. Anderson will continue to serve as President and Chief Executive Officer of the Company and a director of the Bank. The Board of Directors of the Bank have elected James Olevson, the current President of the Bank, to succeed Mr. Anderson as President and Chief Executive Officer and a director of the Bank effective January 1, 2023.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,285,000, or $4.47 per common share, for the three months ended September 30, 2022, compared to net income of $1,204,000 or $4.20 per common share, for the quarter ended September 30, 2021. For the nine months ended September 30, 2022, the Company reported net income of $3,233,000, or $11.26 per share, compared to $3,323,000, or $11.61 for the nine months ended September 30, 2021. Solid organic loan growth during the current year has helped to offset the prior year’s favorable impact from the Company’s active role in the Paycheck Protection Program (PPP). In addition, the Company has benefitted from the interest rate increases instituted this year by the Federal Reserve Bank. Finally, the Company recorded a $194,000 recovery of provision for loan losses in the third quarter of 2022 as a result of continued improvement of borrowers in industries most affected by the pandemic.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,111,000, or $3.87 per common share, for the three months ended June 30, 2022, compared to net income of $1,164,000 or $4.06 per common share, for the quarter ended June 30, 2021. For the six months ended June 30, 2022, the Company reported net income of $1,948,000, or $6.79 per share, compared to $2,119,000, or $7.40 for the six months ended June 30, 2021. The Company was an active participant in Paycheck Protection Program (PPP) lending during 2020 and the first half of 2021. Average PPP loan balances were $80 million during the second quarter of 2021 compared with $8 million during the second quarter of 2022 resulting in a year-over-year reduction in second quarter PPP-related income of $476,000. This impact was largely offset by a $298,000 recovery of provision for loan losses in the second quarter of 2022 as a result of continued improvement of borrowers in industries most affected by the pandemic.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $837,000, or $2.92 per common share, for the three months ended March 31, 2022, compared to net income of $955,000 or $3.34 per common share, for the quarter ended March 31, 2021. The Company was an active participant in Paycheck Protection Program (PPP) lending during 2020 and the first half of 2021. Average PPP loan balances were $69 million during the first quarter of 2021 compared with $19 million during the first quarter of 2022 resulting in a year-over-year reduction in first quarter PPP-related income of nearly $300,000.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,323,000, or $4.62 per common share, for the three months ended December 31, 2021, compared to net income of $1,003,000 or $3.51 per common share, for the quarter ended December 31, 2020. For the year ended December 31, 2021, the Company reported net income of $4,646,000, or $16.23 per share, compared to $2,648,000, or $9.26 for the year ended December 31, 2020. The prior year-to-date results included a $2.0 million build-up in the Bank’s allowance for loan losses in an aggressive response to the uncertain economic and other factors relating to the COVID-19 pandemic but were partially aided by a $0.6 million gain on sale of securities during the third quarter of 2020. While the Company’s asset quality metrics remained strong during 2021, the allowance for loan losses as a percentage of loans, excluding PPP loans, has remained stable at 1.60% on December 31, 2021 compared to 1.57% on December 31, 2020.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,204,000, or $4.20 per common share, for the three months ended September 30, 2021, compared to net income of $1,050,000 or $3.67 per common share, for the quarter ended September 30, 2020. For the nine months ended September 30, 2021, the Company reported net income of $3,323,000, or $11.61 per share, compared to $1,645,000, or $5.75 for the nine months ended September 30, 2020. The prior year-to-date results included a $1.7 million build-up in the Bank’s allowance for loan losses in an aggressive response to the uncertain economic and other factors relating to the COVID-19 pandemic but were partially aided by a $0.6 million gain on sale of securities during the third quarter of 2020.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank") reported net income of $1,164,000, or $4.06 per common share, for the three months ended June 30, 2021, compared to net income of $357,000 or $1.25 per common share, for the quarter ended June 30, 2020. For the six months ended June 30, 2021, the Company reported net income of $2,119,000, or $7.40 per share, compared to $594,000, or $2.08 for the six months ended June 30, 2020. The prior year-to-date results included a $1.2 million build-up in the Bank’s allowance for loan losses in an aggressive response to the uncertain economic and other factors relating to the COVID-19 pandemic. In addition, the Bank has been an active lender in support of the SBA-guaranteed Paycheck Protection Program (PPP) which has resulted in strong balance sheet growth and improved operating leverage.

National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank”), announced today that it has completed the private placement of $14 million aggregate principal amount of its 3.75% Fixed-to-Floating Rate Subordinated Notes due 2031 (the “Notes”) to certain qualified institutional buyers and accredited investors. The Notes have an initial fixed interest rate of 3.75%, payable semi-annually in arrears. From and including May 15, 2026, the Notes will bear interest at a floating rate per annum equal to a benchmark rate, which is expected to be three-month term SOFR plus 305 basis points for each quarterly interest period during the floating rate period, payable quarterly in arrears.