Capital Bancorp, Inc. · NASDAQ:CBNK
Capital Bancorp — Q2 2025 Earnings Presentation
21 slides from Capital Bancorp's earnings presentation, Jul 28, 2025
Slide 1: 2Q 2025 Investor Overview
© CAPITAL BANCORP, INC. 2Q 2025 Investor Overview
Slide 2: Forward Looking Statements
Forward Looking Statements The statements contained in this presentation that are not historical facts are forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on Capital Bancorp, Inc. (the “Company” or “Capital”
Slide 3: Financial Highlights and Corporate Timeline
(in millions except per share data) Balance Sheet 2Q25 1Q25 Annualized 2Q24 YoY Assets $ 3,389 $ 3,350 4.7% $ 2,439 39.0% Portfolio Loans 2,740 2,678 9.3% 2,022 35.5% Deposits 2,941 2,891 6.9% 2,100 40.0% Quarterly Financial Performance(1) 2Q25 1Q25 QoQ 2Q24 YoY Earnings per Share, Diluted $ 0.78 $
Slide 4: CBNK Business Model is Uniquely Diversified
78% 16% 7% $2.9Bn Q2 '25 Servicing Portfolio $4.7mm Q2 '25 Revenue3 • Loan service provider that offers community banks and credit unions with a comprehensive outsourced U.S. Small Business Association (“SBA”) 7(a) and U.S. Department of Agriculture (“USDA”) lending platform • Servicing portfolio co
Slide 5: Financial Information
© CAPITAL BANCORP, INC. Financial Information
Slide 6: Financial Performance Highlights
Financial Performance Highlights $ in th ou sa nd s 6 (1) Refer to Appendix for reconciliation of non-GAAP measures. (2) Total net interest income includes negligible net interest income from CBHL Net Interest Income and Net Interest Margin Loan Yield and Deposit Rate Trends Cumulative Downcycle Bet
Slide 7: Core Fee Revenue
Core Fee Revenue $ in th ou sa nd s 7 (1) Other includes a $2.6mm non-recurring legacy IFH equity and debt investment write-down during 4Q24, excluded in core revenue. $ in th ou sa nd s OpenSky 31% CBHL 13% Commercial Bank 3% GGL 17% Windsor Advantage 36% YTD June 30, 2025 Core Fee Revenue $25.7MM
Slide 8: Noninterest Expense
Noninterest Expense $13,272 $13,345 $16,513 $18,067 $18,460 $1,864 $1,791 $2,976 $2,910 $2,995 $1,769 $1,980 $2,150 $2,112 $2,422 $6,788 $6,930 $7,210 $7,112 $7,520 $2,072 $1,223 $1,032 $1,779 $1,371 $3,645 $3,936 $5,018 $4,807 $5,406 $83 $520 $2,615 $1,266 $1,398 $29,493 $29,725 $37,514 $38,053 $39
Slide 9: Profitability
1.40% 1.42% 0.96% 1.75% 1.60% 1.41% 1.51% 1.97% 1.87% 1.73% 2Q24 3Q24 4Q24 1Q25 2Q25 ROA ROA Core ROA Profitability(1) 9 12.53% 12.59% 8.50% 15.56% 14.17% 12.62% 13.40% 17.46% 16.64% 15.33% 2Q24 3Q24 4Q24 1Q25 2Q25 Return on Average Equity “ROE” ROE Core ROE 12.53% 12.59% 9.33% 17.57% 16.10% 12.62%
Slide 10: Balance Sheet Composition
Balance Sheet Composition Cash & Cash Equivalents 8% Portfolio Loans 81% AFS Securities Portfolio 7% Other Assets 4% Asset Composition Owner Occupied Commercial Real Estate 16% Non Owner- Occupied Commercial Real Estate 18% Residential Real Estate 26% Construction Real Estate 12%Other(1) 1% Credit C
Slide 11: Composition of Deposits
Composition of Deposits Noninterest-bearing 29% Money Markets 33% Customer Time Deposits 18% Brokered Time Deposits 9% Interest-bearing Demand 11%Savings <1% 2Q25 Total Deposits: $2.94B Commentary • Deposits growth of $49.4 million, or 6.9% (annualized) for 2Q25. • Average Portfolio loans-to-deposit
Slide 12: Investment Portfolio and Liquidity
Investment Portfolio and Liquidity Investment Securities Portfolio • Classified as available for sale with a fair market value of $229 million, or 7% of total assets, with an effective duration of 2.7 years. • U.S. Treasuries represent 59% of the overall investment portfolio. • The accumulated other
Slide 13: Credit Metrics
0.39% 0.51% 0.37% 0.38% 0.75% 2Q24 3Q24 4Q24 1Q25 2Q25 Annualized Net Charge-Offs / Average Portfolio Loans(1) 0.70% 0.73% 1.15% 1.60% 1.37% 2Q24 3Q24 4Q24 1Q25 2Q25 Non-performing Loans / Total Portfolio Loans(1) Credit Metrics 0.58% 0.60% 0.94% 1.28% 1.11% 2Q24 3Q24 4Q24 1Q25 2Q25 Non-performing A
Slide 14: Robust Capital Ratios
Robust Capital Ratios 13.25% 12.50% 11.54% 11.67% 11.87% 2Q24 3Q24 4Q24 1Q25 2Q25 Bank Tier-1 Risk Based Tier-1 Risk Based 8.0% Well-Capitalized Threshold 14 10.98% 10.94% 11.07% 9.94% 10.22% 9.53% 9.12% 9.31% 8.66% 8.84% 2Q24 3Q24 4Q24 1Q25 2Q25 Tangible Common Equity Holding Company Tangible Commo
Slide 15: Share Appreciation Outperforms Industry
% Change CBNK 183% KBW NASDAQ Regional Banking Index 7% Selected Banks2 Median 9% 58.48% (60%) (40%) (20%) 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% Share Appreciation Outperforms Industry Source: S&P Global Market Intelligence; FactSet. Note: Market data as of 7/23/2025. 1 CBNK IPO price of $12.5
Slide 16: Dominic Canuso Chief Financial Officer (301) 468-8848 x1403 Ed Barry Chief Executive Officer (240)
Dominic Canuso Chief Financial Officer (301) 468-8848 x1403 Ed Barry Chief Executive Officer (240) 283-1912 NASDAQ: CBNK
Slide 17: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures
Slide 18: Tangible Book Value Per Share
Tangible Book Value Per Share (in thousands, except per share amount) June 30, 2025 March 31, 2025 June 30, 2024 Total Stockholders' Equity 380,035$ 369,577$ 267,854$ Less: Preferred equity - - - Less: Intangible assets 37,773 39,641 - Tangible Common Equity 342,262$ 329,936$ 267,854$ Period End Sha
Slide 19: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information 19
Slide 20: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information 20
Slide 21: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information 21