Capital Bancorp, Inc. · NASDAQ:CBNK
Capital Bancorp — Q4 2025 Earnings Presentation
22 slides from Capital Bancorp's earnings presentation, 2026
Slide 1: 4Q 2025 Investor Overview
© CAPITAL BANCORP, INC. 4Q 2025 Investor Overview
Slide 2: Forward Looking Statements
Forward Looking Statements This earnings release 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, predi
Slide 3: Fourth Quarter and Full Year Highlights
Fourth Quarter and Full Year Highlights Highlights Q4 2025 FY 2025 Q4 2025 $15.0mm $57.2mm Loan growth of $137.5mm, 19.3% annualized Net Income Net Income Deposit growth of $180.9mm, 24.6% annualized NIM of 5.94%; Commercial Bank NIM of 4.18% 19.3% 12.5% ROA of 1.71%; ROTCE of 17.23% Annuali
Slide 4: Financial Highlights
Capital Bancorp, Inc. (NASDAQ-CBNK) Financial Highlights (in millions except per share data) Balance Sheet 4Q25 3Q25 Annualized 4Q24 YoY Assets $ 3,606 $ 3,389 25.4% $ 3,207 12.50% Portfolio Loans 2,959 2,822 19.3% 2,630 12.50% Deposits 3,093 2,912 24.6% 2,762 12.00% (1) Quarterly Financial Performa
Slide 5: CBNK Business Model is Uniquely Diversified
CBNK Business Model is Uniquely Diversified Commercial Banking OpenSky $2.8Bn $2.6Bn $34.6mm $138mm $163mm $21.2mm Portfolio Gross Loans, ex. OpenSky Customer Deposits Q4 '25 Revenue Loans, net2 Deposits Q4 '25 Revenue • Focused on our core markets and filling out our national deposit vertical strat
Slide 6: Financial Information
© CAPITAL BANCORP, INC. Financial Information
Slide 7: Financial Performance Highlights
Financial Performance Highlights Loan Yield and Deposit Rate Trends Net Interest Income and Net Interest Margin 8.96% 9.00% 8.90% 8.84% 8.62% $52,020 6.98% 7.14% 7.04% 6.95% 6.75% $ in thousands $50,279 $4,618 $212 $47,567 $45,959 $869 $1,291 $44,266 $1,499 $715 3.46% 3.37% 3.29% 3.28% 2.50% 2.42% 2
Slide 8: Core Fee Revenue
Core Fee Revenue 24.7% $ in thousands 21.4% 21.6% 19.9% 18.9% $4,566 $4,696 14.7% $4,606 $4,988 $5,339 $845 $728 $2,246 $1,378 $1,784 $1,541 $1,762 $1,811 $1,676 $1,736 $4,323 $4,476 $4,847 $4,096 $3,743 $3,733 $(566) $(509) 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 OpenSky CBHL Commercial Bank GGL Windsor Adva
Slide 9: Noninterest Expense
Noninterest Expense $ in thousands 65.3% 62.8% 62.1% 63.1% 62.3% $39,572 $39,103 $38,053 $38,354 $37,514 $1,398 $1,266 $697 $2,615 $5,356 $5,406 $5,581 $4,807 $5,018 $1,398 $1,371 $1,779 $1,714 $1,032 $7,502 $7,520 $7,112 $7,654 546 $2,112 $2,422 $4,294 $2,131 $2,150 $2,995 $2,910 $2,849 $2,638 $2,9
Slide 10: Profitability
Profitability(1) ROA Return on Average Equity “ROE” 15.57% 1.77% 17.46% 1.97% 16.64% 1.87% 15.33% 1.73% 12.56% 15.23% 1.43% 1.71% 1.75% 1.60% 15.56% 14.17% 0.96% 8.50% 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 ROA Core ROA ROE Core ROE ROTCE Earnings Per Share, Diluted $0.89 17.49% 18.91% 18
Slide 11: Balance Sheet Composition
Balance Sheet Composition C&I + OO-CRE Portfolio Loan Composition represents 38% of Asset Composition total Portfolio Loans Non Owner-Occupied Owner Occupied Commercial Real Estate Commercial Real Estate 18% 14% Cash & Cash Equivalents 7% 4Q25 4Q25 Portfolio Loans Total Total Assets: 82% Commercial
Slide 12: Composition of Deposits
Composition of Deposits Money Markets 36% As of or For the Three Months Ended Noninterest- (in thousands) December 31, 2025 bearing 28% 4Q25 % of Total Average Total Deposits: Deposits: Balance Deposits Rate(1) $3.09B Noninterest-bearing $ 852,520 27.6% 0.00% Interest-bearing demand 257,233 8.3% 0.5
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 December 31, 2025: • Classified as available for sale with a fair market value of $230 million, or • $732 million of col
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 Bank Tier-1 Risk Based Bank Total Risk Based 12.79% 12.93% 13.13% 12.95% 12.60% 11.54% 11.67% 11.87% 11.69% 11.30% 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 Tier-1 Risk Based 8.0% Well-Capitalized Threshold Total Risk Based 10.0% Well-Capitalized Threshold Bank Tier-1 L
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% 85%+ Outperformance 180% 115%+ Outperformance vs. both groups vs. both groups 180% 160% 140% 160% 120% 140% 58.48% 100% 120% 80% 100% 60% 80% 40% 20% 60% 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 Tangible Book Value Per Share Quarters Ended (in thousands, except per share amount) December 31, 2025 September 30, 2025 December 31, 2024 Total Stockholders' Equity $ 401,978 $ 394,770 $ 355,139 Less: Preferred equity - - - Less: Intangible assets 40,740 41,0
Slide 20: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information (1) Net Charge-offs to Average Portfolio Loans Quarters Ended December 31, September 30, June 30, March 31, December 31, (in thousands) 2025 2025 2025 2025 2024 Total Net Charge-offs $ 2,373 $ 2,476 $ 5,088 $ 2,444 $ 2,427 Total Average Portfolio Loans 2,902,03
Slide 21: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Core Earnings Metrics Quarters Ended (in thousands, except per share data) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 Net Income $ 15,037 $ 15,065 $ 13,136 $ 13,932 $ 7,533 Deduct: Income from the Call of Brokered Time D
Slide 22: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Return on Average Tangible Common Equity Quarters Ended December 31, September March 31, December 31, (in thousands) 2025 30, 2025 June 30, 2025 2025 2024 Net Income $ 15,037 $ 15,065 $ 13,136 $ 13,932 $ 7,533 Add: Intangible Amortization, net of tax 200 199 20