Capital Bancorp, Inc. · NASDAQ:CBNK
Capital Bancorp — Q3 2025 Earnings Presentation
21 slides from Capital Bancorp's earnings presentation, Oct 27, 2025
Slide 1: 3Q 2025 Investor Overview
© CAPITAL BANCORP, INC. 3Q 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: 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 4: CBNK Business Model is Uniquely Diversified
$3.2Bn Q3 '25 Servicing Portfolio $5.3mm Q3 '25 Revenue4 • 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 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.
Slide 8: Noninterest Expense
Noninterest Expense $ in th ou sa nd s 8 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.
Slide 9: Profitability
Profitability(1) 9 (1) Annualized Note: Refer to Appendix for reconciliation of Core, non-GAAP measures.
Slide 10: Balance Sheet Composition
Balance Sheet Composition Commentary • Gross loan growth of $82.2 million, or 11.9% (annualized), during 3Q25. • Compared to June 30, 2025, growth was primarily driven by $29.3 million from residential real estate, $25.9 million from commercial and industrial ("C&I"), $20.9 million from commercial r
Slide 11: Composition of Deposits
Composition of Deposits Commentary • Total deposits decreased $28.7 million, or 3.9% (annualized) 3Q25. • Average Portfolio loans-to-deposit ratio of 95.6%. • Interest bearing deposit costs decreased 88bps to 2.41% from 3.29% in the prior quarter, and total deposit costs decreased 63bps to 1.73% fro
Slide 12: Investment Portfolio and Liquidity
Investment Portfolio and Liquidity Investment Securities Portfolio • Classified as available for sale with a fair market value of $233 million, or 6.9% of total assets, with an effective duration of 2.6 years. • U.S. Treasuries represent 59% of the overall investment portfolio. • The accumulated oth
Slide 13: Credit Metrics
Credit Metrics 13 (1) Refer to Appendix for reconciliation of non-GAAP measures.
Slide 14: Robust Capital Ratios
Robust Capital Ratios 14 Note: Ratios presented are for Capital Bank unless otherwise noted
Slide 15: Share Appreciation Outperforms Industry
% Change CBNK 136% KBW NASDAQ Regional Banking Index 1% Selected Banks2 Median 6% 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 10/23/2025. 1 CBNK IPO price of $12.
Slide 16: Ed Barry, Chief Executive Officer
Ed Barry Chief Executive Officer (240) 283-1912 NASDAQ: CBNK
Slide 17: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures
Slide 18: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information 18 Tangible Book Value Per Share (in thousands, except per share amount) September 30, 2025 June 30, 2025 September 30, 2024 Total Stockholders' Equity 394,770$ 380,035$ 280,111$ Less: Preferred equity - - - Less: Intangible assets 41,839 37,773 - Tangible Comm
Slide 19: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information 19 Net Charge-offs to Average Portfolio Loans(1) (in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Total Net Charge-offs 5,088$ 5,088$ 2,444$ 2,427$ 2,655$ Total Average Portfolio Loans 2,733,865 2,733,865 2,634
Slide 20: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information 20 Core Earnings Metrics (in thousands, except per share data) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Net Income 15,065$ 13,136$ 13,932$ 7,533$ 8,672$ Add: Brokered Time Deposit Call, Net of Tax (3,489) - - - - Add:
Slide 21: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information 21 Return on Average Tangible Common Equity (in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Net Income 15,065$ 13,136$ 13,932$ 7,533$ 8,672$ Add: Intangible Amortization, net of tax 199 200 199 198 - Net Tangi