Capital Bancorp, Inc. · NASDAQ:CBNK
Capital Bancorp — Q2 2026 Earnings Presentation
22 slides from Capital Bancorp's earnings presentation, 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: CBNK Continued Strong Growth With Accelerated Investment Underway
CBNK Continued Strong Growth With Accelerated Investment Underway Q2 2026 Highlights(1) Q2 2026 Loan growth of $59.5mm, 7.9% (annualized) $14.3mm Growth through July 15th(2) of $159.2mm YTD, or 10.0% Net Income annualized Deposit growth of $79.1mm, 9.6% (annualized) Growth through July 15th(
Slide 4: Financial Highlights
Capital Bancorp, Inc. (NASDAQ-CBNK) Financial Highlights (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% (1) Quarterly Financial Performance 2Q
Slide 5: CBNK Business Model is Uniquely Diversified
CBNK Business Model is Uniquely Diversified Commercial Banking OpenSky $2.9Bn $3.0Bn $36.4mm $145.3mm $166mm $20.4mm Portfolio Gross Loans, ex. OpenSky Customer Deposits Q2‘26 Revenue Loans, net2 Deposits Q2’26 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: Net Interest Income and Margin
Net Interest Income and Margin Loan Yield and Deposit Rate Trends $ in thousands Core Loan Yield(1) excluding change in net PAA, FAS 91, and NPAs was 6.86% for 2Q26 Core NIM(1) excluding change in net PAA, FAS 91 and NPAs was 4.10% for 2Q26 Cumulative Downcycle Betas Net PAA Contribution to Core NIM
Slide 8: Core Fee Revenue
Core Fee Revenue $ in thousands 22.0% 21.6% 21.3% 19.9% 18.9% $4,696 $6,559 $4,988 $5,607 $5,339 $3,112 $845 $923 $1,207 $761 $341 $1,784 $1,378 $1,541 $1,762 $1,829 $4,323 $4,476 $4,847 $4,704 $4,425 $(566) $(509) 2Q25 3Q25 4Q25 1Q26 2Q26 OpenSky CBHL Commercial Bank GGL Windsor Advantage Other(1)
Slide 9: Noninterest Expense
Noninterest Expense 69.6% 66.1% $ in thousands 64.4% $43,681 $43,186 62.8% 62.3% $39,572 $5,604 $38,354 $39,103 $5,685 $1,398 $697 $1,466 $1,816 $5,356 $5,406 $5,581 $1,398 $7,767 $1,371 $1,714 $7,551 $7,502 $7,520 $7,654 $4,965 $4,125 $2,422 $4,294 $3,562 $3,942 $2,131 $2,995 $2,849 $2,638 $20,317
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 Asset Composition represents 37% of total Portfolio Loans Cash & Cash Equivalents… 2Q26 Total Portfolio Loans Assets: (gross) Other Assets 79% 4% $3.9B AFS Securities Portfolio 6% Commentary • Gross loan growth of $59.5 million, or 7.9% (annualized), during 2Q2
Slide 12: Composition of Deposits
Composition of Deposits As of or For the Three Months Ended (in thousands) June 30, 2026 % of Total Average Deposits: Balance Deposits Rate(1) Noninterest-bearing $ 897,363 26.6% 0.00% Interest-bearing demand 391,544 11.6% 0.94% Savings 23,077 0.7% 1.58% Money markets 1,390,778 41.3% 3.29% Time depo
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 June 30, 2026: • Classified as available for sale with a fair market value of $219.9 million, • $699 million of collater
Slide 14: Credit Metrics
Excluding nonaccrual loans Credit Metrics Excluding nonaccrual loans from one loan from one loan relationship, NPLs relationship, NPAs would have been would have been 1.53% 1.31% 3 loan 3 loan relationships relationships accounted for 37% accounted for 35% of non-performing of NPAs in 2Q26 loans in
Slide 15: Robust Capital Ratios
Robust Capital Ratios (1) Estimated ratio at June 30, 2026 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% 180% 100%+ Outperformance 155%+ Outperformance 180% vs. both groups 160% vs. both groups 140% 160% 120% 58.48% 140% 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 Core Earnings Metrics Quarters Ended (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 Depo
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) 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 as
Slide 21: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Return on Average Tangible Common Equity Quarters Ended (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 1
Slide 22: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Net Charge-offs to Average Portfolio Loans(1) Quarters Ended (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 3,0