Capital Bancorp, Inc. · NASDAQ:CBNK
Capital Bancorp — Q1 2026 Earnings Presentation
22 slides from Capital Bancorp's earnings presentation, 2026
Slide 1: 1Q 2026 Investor Overview
© CAPITAL BANCORP, INC. 1Q 2026 Investor Overview
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. Any statements about our management’s expectations, beliefs, plans, predictio
Slide 3: CBNK Continued Strong Growth With Accelerated Investment Underway
CBNK Continued Strong Growth With Accelerated Investment Underway Q1 2026 Highlights(1) Q1 2026 $12.0mm Loan growth of $67.0mm, 9.2% Net Income Deposit growth of $198.8mm, 26.1%(2) Customer Deposit growth of 40.7%(2), while reducing brokered deposits 9.2% by 19.5% Loan Growth NIM of 5.71%; C
Slide 4: Financial Highlights
Capital Bancorp, Inc. (NASDAQ-CBNK) Financial Highlights (in millions except per share data) Balance Sheet 1Q26 4Q25 Annualized 1Q25 YoY Assets $ 3,808 $ 3,606 22.7% $ 3,350 13.7% Portfolio Loans 3,026 2,959 9.2% 2,678 13.0% Deposits 3,292 3,093 26.1% 2,891 13.9% (1) Quarterly Financial Performance
Slide 5: CBNK Business Model is Uniquely Diversified
CBNK Business Model is Uniquely Diversified Commercial Banking OpenSky $2.9Bn $2.8Bn $35.9mm $135mm $166mm $19.8mm Portfolio Gross Loans, ex. OpenSky Customer Deposits Q1‘26 Revenue Loans, net2 Deposits Q1’26 Revenue • Focused on our core markets and filling out our national deposit vertical strateg
Slide 6: Financial Information
© CAPITAL BANCORP, INC. Financial Information
Slide 7: Net Interest Income and Margin
Net Interest Income and Margin Loan Yield and Deposit Rate Trends $ in thousands Cumulative Downcycle Betas Net PAA Contribution to Core NIM $1.4mm $1.3mm $0.9mm $0.2mm $0.4mm or 19bps or 16bps or 11bps or 2bps or 5bps Note: 3Q 2025 includes the $4.6 million (56 bps of NIM or 59 bps of Core NIM) Cal
Slide 8: Core Fee Revenue
Core Fee Revenue $ in thousands 21.4% 21.6% 21.3% 19.9% 18.9% $4,696 $5,607 $4,606 $4,988 $5,339 $1,096 $3,112 $923 $845 $1,378 $761 $1,784 $1,541 $1,762 $1,378 $1,736 $4,323 $4,476 $4,847 $4,704 $3,733 $(566) $(509) 1Q25 2Q25 3Q25 4Q25 1Q26 OpenSky CBHL Commercial Bank GGL Windsor Advantage Other(1
Slide 9: Noninterest Expense
Noninterest Expense $ in thousands Advanced strategic investments in OpenSkyTM unsecured card, OpenSkyTM card partnerships, data infrastructure, and back-office support to enhance scalability and long-term growth Continued investment in planned headcount growth across the Company 9 Note: Other e
Slide 10: Profitability
Profitability(1) 10 (1) Annualized Note: Refer to Appendix for reconciliation of Core, non-GAAP measures.
Slide 11: Balance Sheet Composition
Balance Sheet Composition C&I + OO-CRE represents 38% of Asset Composition total Portfolio Loans Cash & Cash Equivalents 11% 1Q26 Total Assets: Portfolio Loans 79% Other Assets $3.8B 4% AFS Securities Portfolio 6% Commentary • Gross loan growth of $67.0 million, or 9.2% (annualized), during 1Q26. •
Slide 12: Composition of Deposits
Composition of Deposits As of or For the Three Months Ended (in thousands) March 31, 2026 % of Total Average (1) Deposits: Balance Deposits Rate Noninterest-bearing $ 871,677 26.5% 0.00% Interest-bearing demand 341,723 10.4% 0.64% Savings 21,471 0.7% 0.89% Money markets 1,276,034 38.8% 3.23% Time de
Slide 13: Investment Portfolio and Liquidity
Investment Portfolio and Liquidity High Quality, Low Risk Investment Portfolio Significant Liquidity Capacity $ in millions Investment Securities Portfolio Sources of Liquidity at March 31, 2026: • Classified as available for sale with a fair market value of $230.5 million, • $705 million of collate
Slide 14: Credit Metrics
Credit Metrics 14 (1) Refer to Appendix for reconciliation of non-GAAP measures.
Slide 15: Robust Capital Ratios
Robust Capital Ratios 15 Note: Ratios presented are for Capital Bank unless otherwise noted
Slide 16: Share Appreciation Outperforms Industry
Share Appreciation Outperforms Industry TBVPS + Dividend Growth Since 2018Q3 Share Price Change Since CBNK IPO on 9/26/20181 200% 90%+ Outperformance 125%+ Outperformance 180% vs. both groups vs. both groups 180% 160% 160% 140% 120% 140% 58.48% 100% 120% 80% 100% 60% 80% 40% 60% 20% 0% 40% (20%) 20%
Slide 17: Jake Dalaya, Chief Financial Officer
Jake Dalaya Chief Financial Officer (301)-637-5118 NASDAQ: CBNK
Slide 18: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures
Slide 19: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Core Earnings Metrics Quarters Ended (in thousands, except per share data) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Net Income $ 12,018 $ 15,037 $ 15,065 $ 13,136 $ 13,932 Deduct: Income from the Call of Brokered Time Dep
Slide 20: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Tangible Book Value Per Share Quarters Ended (in thousands, except per share amount) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Total Stockholders' Equity $ 408,859 $ 401,757 $ 394,770 $ 380,035 $ 369,577 Less: Intangible a
Slide 21: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Return on Average Tangible Common Equity Quarters Ended (in thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Net Income $ 12,018 $ 15,037 $ 15,065 $ 13,136 $ 13,932 Add: Intangible Amortization, net of tax 197 200 199
Slide 22: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Net Charge-offs to Average Portfolio Loans(1) Quarters Ended March 31, December 31, September 30, June 30, March 31, (in thousands) 2026 2025 2025 2025 2025 Total Net Charge-offs $ 2,993 $ 2,373 $ 2,476 $ 5,088 $ 2,444 Total Average Portfolio Loans 3,008,187 2,