National Capital Bancorp, Inc. Reports Third Quarter Earnings and Quarterly Cash Dividend
Key Highlights
- ➤Q3 net income $215 thousand, down from $1.8 million year-over-year
- ➤Nine-month net income $2.9 million, down from $5.4 million
- ➤Deposits $622.7 million, down $33.2 million during the quarter
- ➤Non-performing loans 1.43%, down from 2.55% at December 31, 2025
- ➤NACB declares $0.26-per-share cash dividend payable November 25, 2026
Expert Statements
Jimmy Olevson, President and Chief Executive Officer of The National Capital Bank of Washington
“Our earnings reflect merger-related expenses and continued challenges in the Washington, DC, multifamily market.”
Jimmy Olevson, President and Chief Executive Officer of The National Capital Bank of Washington
“We remain focused on working through our problem assets while selectively pursuing strong, relationship-based lending opportunities and positioning the Bank for long-term value creation as we move toward completion of our previously announced merger with ODNB Financial Corporation.”
WASHINGTON, D.C. / ACCESS Newswire / October 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 $215 thousand, or $0.19 per common share, for the three months ended September 30, 2026, compared to net income of $1.8 million, or $1.55 per common share, for the three months ended September 30, 2025. For the nine months ended September 30, 2026, the Company reported net income of $2.9 million, or $2.51 per common share, compared to $5.4 million, or $4.67 per common share, for the nine months ended September 30, 2025. The decrease in earnings was primarily attributable to higher provision expense in the first and third quarters of 2026 and merger-related expenses.
Total assets decreased year-over-year to $709.4 million on September 30, 2026, compared to $727.2 million on September 30, 2025. Total loans of $501.9 million on September 30, 2026, decreased by $2.0 million during the quarter and have decreased by $35.8 million over the past twelve months. Loan balances in the third quarter of 2026 reflected declines in residential real estate and construction loans, partially offset by growth in commercial real estate loans. Total deposits of $622.7 million on September 30, 2026, decreased $33.2 million during the quarter and have decreased $20.7 million over the past twelve months. The Company has been focused on balanced growth with decreases in deposits focused in higher cost funding sources. The Company has no reliance on wholesale funding sources and maintains strong levels of available secured borrowing capacity to meet the financing and cash flow needs of our client base and continues to pursue desirable new relationship opportunities.
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