Capital Bancorp, Inc. · NASDAQ:CBNK
Capital Bancorp — Q2 2026 Earnings Presentation
22 slides from Capital Bancorp's earnings presentation, Jul 27, 2026
Slide 1: 2Q 2026 Investor Overview
© CAPITAL BANCORP, INC. 2Q 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: Q2 2026 Highlights
CBNK Continued Strong Growth With Accelerated Investment Underway (1) Performance metrics and growth rates are annualized throughout this presentation unless otherwise noted (2) Balances through July 15th are preliminary and unaudited. They have not been subject to customary reconciliations and may
Slide 4: Balance Sheet and Quarterly Financial Performance
(in millions except per share data) Balance Sheet 2Q26 1Q26 Annualized 2Q25 YoY Assets $ 3,890 $ 3,808 8.6% $ 3,389 14.8% Portfolio Loans 3,086 3,026 7.9% 2,740 12.6% Deposits 3,371 3,292 9.6% 2,941 14.6% Quarterly Financial Performance(1) 2Q26 1Q26 QoQ 2Q25 YoY Earnings per Share, Diluted 0.87$ 0.7
Slide 5: CBNK Business Model is Uniquely Diversified
$3.4Bn Q2 ‘26 Servicing Portfolio $6.6mm Q2 ‘26 Revenue3 • Loan service provider that offers community banks and credit unions with a comprehensive outsourced U.S. Small Business Administration (“SBA”) 7(a) and U.S. Department of Agriculture (“USDA”) lending platform • Servicing portfolio complement
Slide 6: Financial Information
© CAPITAL BANCORP, INC. Financial Information
Slide 7: Net Interest Income and Margin
Net Interest Income and Margin $ in t ho u sa nd s 7 (1) Refer to Appendix for reconciliation of non-GAAP measures. (2) Total net interest income includes negligible net interest income from CBHL Loan Yield and Deposit Rate Trends Cumulative Downcycle Betas (3) Deposit betas are cumulative for the c
Slide 8: Core Fee Revenue
Core Fee Revenue $ in t ho us an d s 8 $4,323 $4,476 $4,847 $4,704 $4,425 $1,541 $1,762 $1,784 $1,378 $1,829 $(566) $(509) $845 $761 $341 $3,112 $923 $1,207 $4,696 $5,339 $4,988 $5,607 $6,559 21.6% 18.9% 19.9% 21.3% 22.0% 2Q25 3Q25 4Q25 1Q26 2Q26 OpenSky CBHL Commercial Bank GGL Windsor Advantage Ot
Slide 9: Noninterest Expense
Noninterest Expense $ in t ho us an d s 9 Note: Other expense includes loan processing expense, outside service providers expense, regulatory expense, office expense and other operational losses Refer to Appendix for reconciliation of Core, non-GAAP measures. Advanced strategic investments in Open
Slide 10: Profitability
Profitability(1) 10 (1) Annualized Note: Refer to Appendix for reconciliation of Core, non-GAAP measures.
Slide 11: Asset Composition and Balance Sheet Commentary
Cash & Cash Equivalents… Portfolio Loans (gross) 79% AFS Securities Portfolio 6% Other Assets 4% Asset Composition 2Q26 Total Assets: $3.9B Balance Sheet Composition Commentary • Gross loan growth of $59.5 million, or 7.9% (annualized), during 2Q26. • Compared to March 31, 2026, growth was primarily
Slide 12: Composition of Deposits
Composition of Deposits Commentary • Total deposits increased $79.1 million, or 9.6% (annualized) from 1Q26; Excluding $72.1 million of intentional brokered deposit decline tied to lower liquidity needs, total customer deposits increased $151.1 million or 20.3% annualized • Reduced brokered deposits
Slide 13: Investment Portfolio and Liquidity
Investment Portfolio and Liquidity Investment Securities Portfolio • Classified as available for sale with a fair market value of $219.9 million, or 5.7% of total assets, with an effective duration of 2.5 years. • U.S. Treasuries represent 60% of the overall investment portfolio. • The accumulated o
Slide 14: Credit Metrics
Credit Metrics 14 (1) Refer to Appendix for reconciliation of non-GAAP measures. 3 loan relationships accounted for 37% of non-performing loans in 2Q26 3 loan relationships accounted for 35% of NPAs in 2Q26 Excluding nonaccrual loans from one loan relationship, NPAs would have been 1.31% Excluding n
Slide 15: Robust Capital Ratios
Robust Capital Ratios 15 Note: Ratios presented are for Capital Bank unless otherwise noted (1) Estimated ratio at June 30, 2026
Slide 16: Share Appreciation Outperforms Industry
Share Appreciation Outperforms Industry 16 Share Price Change Since CBNK IPO on 9/26/20181TBVPS + Dividend Growth Since 2018Q3 100%+ Outperformance vs. both groups 155%+ Outperformance vs. both groups Source: S&P Global Market Intelligence; FactSet. Note: Market data as of 7/22/2026. 1 CBNK IPO pric
Slide 17: Jake Dalaya, Chief Financial Officer
Jake Dalaya Chief Financial Officer (301)-637-5118 NASDAQ: CBNK
Slide 18: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures
Slide 19: Core Earnings Metrics
Core Earnings Metrics (in thousands, except per share data) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net Income 14,250$ 12,018$ 15,037$ 15,065$ 13,136$ Deduct: Income from the Call of Brokered Time Deposits, Net of Tax - - - (3,489) - Add: Merger-Related Expens
Slide 20: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information 20 Tangible Book Value Per Share (in thousands, except per share amount) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Total Stockholders' Equity 422,205$ 408,859$ 401,757$ 394,770$ 380,035$ Less: Intangible assets 40,219 40,48
Slide 21: Reconciliation of Non-GAAP Information: ROTCE
Reconciliation of Non-GAAP Information 21 Return on Average Tangible Common Equity (in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net Income 14,250$ 12,018$ 15,037$ 15,065$ 13,136$ Add: Intangible Amortization, net of tax 201 197 200 199 200 Net Tangib
Slide 22: Net Charge-offs to Average Portfolio Loans
Net Charge-offs to Average Portfolio Loans(1) (in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Total Net Charge-offs 3,834$ 2,994$ 2,373$ 2,476$ 5,088$ Total Average Portfolio Loans 3,058,476 3,008,187 2,902,033 2,789,815 2,733,865 Net Charge-offs to Ave