Capital Bancorp, Inc. · NASDAQ:CBNK
Capital Bancorp — Q1 2026 Earnings Presentation
22 slides from Capital Bancorp's earnings presentation, Apr 27, 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 (1) Performance metrics and growth rates are annualized throughout this presentation unless otherwise noted (2) Excluding $107.8 million of deposit growth tied to a single customer relationship, total deposits grew 11.9%. Customer dep
Slide 4: Capital Bancorp, Inc. Financial Highlights and Corporate Timeline
Capital Bancorp, Inc. (NASDAQ-CBNK) Financial Highlights Corporate Timeline Founded as Harbor Capital National Bank Recapitalized by investor group led by Stephen Ashman Acquired three failed institutions including OpenSky® CEO Ed Barry joined Capital Bank Assets exceed $1 billion Successful IPO and
Slide 5: CBNK Business Model is Uniquely Diversified
$3.2Bn Q1 ‘26 Servicing Portfolio $5.6mm Q1 ‘26 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 complements U
Slide 6: Financial Information
© CAPITAL BANCORP, INC. Financial Information
Slide 7: Net Interest Income and Margin
Net Interest Income and Margin $ in th ou 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 cu
Slide 8: Core Fee Revenue
Core Fee Revenue $ in th ou sa nd s 8 (1) Other includes a $2.6mm non-recurring legacy IFH equity and debt investment write-down during 4Q24, excluded in core revenue. $3,733 $4,323 $4,476 $4,847 $4,704 $1,736 $1,541 $1,762 $1,784 $1,378 $1,378 $(566) $(509) $845 $761 $1,096 $3,112 $923 $4,606 $4,69
Slide 9: Noninterest Expense
Noninterest Expense $ in th ou sa nd 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 OpenS
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 Commentary • Gross loan growth of $67.0 million, or 9.2% (annualized), during 1Q26. • Compared to December 31, 2025, growth was primarily driven by $32.3 million from commercial and industrial ("C&I"), $29.7 million from residential real estate, and $6.1 million from constr
Slide 12: Composition of Deposits
Composition of Deposits Commentary • Total deposits increased $198.8 million, or 26.1% (annualized) from 4Q25; Excluding $107.8 million of deposit growth tied to a single customer relationship, total deposits increased $91.0 million or 11.9% annualized • Reduced brokered deposits by 19.5% • Average
Slide 13: Investment Portfolio and Liquidity
Investment Portfolio and Liquidity Investment Securities Portfolio • Classified as available for sale with a fair market value of $230.5 million, or 6.1% of total assets, with an effective duration of 2.3 years. • U.S. Treasuries represent 61% of the overall investment portfolio. • The accumulated o
Slide 14: Credit Metrics
Credit Metrics 14 (1) Refer to Appendix for reconciliation of non-GAAP measures.
Slide 15: Robust Capital Ratios
Robust Capital Ratios 15 Note: Ratios presented are for Capital Bank unless otherwise noted
Slide 16: Share Appreciation Outperforms Industry
Share Appreciation Outperforms Industry 16 Share Price Change Since CBNK IPO on 9/26/20181TBVPS + Dividend Growth Since 2018Q3 58.48% (60%) (40%) (20%) 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 200% 90%+ Outperformance vs. both groups 125%+ Outperformanc
Slide 17: Jake Dalaya, Chief Financial Officer
Jake Dalaya Chief Financial Officer (301)-637-5118 NASDAQ: CBNK
Slide 18: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures
Slide 19: Reconciliation of Non-GAAP Information: Core Earnings Metrics
Reconciliation of Non-GAAP Information 19 Core Earnings Metrics (in thousands, except per share data) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Net Income 12,018$ 15,037$ 15,065$ 13,136$ 13,932$ Deduct: Income from the Call of Brokered Time Deposits, Net of Tax
Slide 20: Reconciliation of Non-GAAP Information: Tangible Book Value and Core NIM
Reconciliation of Non-GAAP Information 20 Tangible Book Value Per Share (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 assets 40,480 40,7
Slide 21: Reconciliation of Non-GAAP Information: Return on Average Tangible Common Equity
Reconciliation of Non-GAAP Information 21 Return on Average Tangible Common Equity (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 197 200 199 200 199 Net Tangi
Slide 22: Reconciliation of Non-GAAP Information: Net Charge-offs and Nonperforming Loans
Reconciliation of Non-GAAP Information 22 Net Charge-offs to Average Portfolio Loans(1) (in thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Total Net Charge-offs 2,993$ 2,373$ 2,476$ 5,088$ 2,444$ Total Average Portfolio Loans 3,008,187 2,902,033 2,789,815