Capital Bancorp, Inc. · NASDAQ:CBNK
Capital Bancorp — Q3 2026 Earnings Presentation
23 slides from Capital Bancorp's earnings presentation, Oct 26, 2026
Slide 1: 3Q 2026 Investor Overview
© CAPITAL BANCORP, INC. 3Q 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 Strong Revenue Growth: Q3 2026 Highlights
CBNK Strong Revenue Growth (1) Performance metrics and growth rates are annualized throughout this presentation unless otherwise noted (2) Gross loans include both loans held-for-sale and loans held-for-investment portfolios (3) Refer to Appendix for reconciliation of non-GAAP measures (4) Excludes
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
$3.5Bn Q3 ‘26 Servicing Portfolio $6.7mm Q3 ‘26 Revenue3 • Loan service provider that offers community banks and credit unions with a comprehensive outsourced U.S. Small Business Administration (“SBA”) 7(a) and U.S. Department of Agriculture (“USDA”) lending platform • Servicing portfolio complement
Slide 6: Financial Information
© CAPITAL BANCORP, INC. Financial Information
Slide 7: Net Interest Income and Margin
Net Interest Income and Margin $ in t ho u 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(1)(4) and Deposit Rate(4) Trends Cumulative Downcycle Betas (3) (3) Deposit betas are cumulat
Slide 8: Core Fee Revenue
Core Fee Revenue $ in t ho us an d s 8
Slide 9: Noninterest Expense
Noninterest Expense $ in t ho us an d s 9 Note: Other expense includes loan processing expense, operational and other card fraud related losses, regulatory assessment expenses, and other operating expense Refer to Appendix for reconciliation of Core, non-GAAP measures.
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 • Generated $80.2 million or 10.2% (annualized) growth in total gross loans • Compared to June 30, 2026, growth was primarily driven by $47.1 million from C&I, $26.1 million residential real estate • Gross loans held-for-investment growth of $28.3 million, or 3.6
Slide 12: Composition of Deposits
Composition of Deposits Commentary • Total deposits decreased $52.0 million or 6.1% (annualized) from 2Q 2026, primarily driven by decreases of $89.3 million from DDA products associated with our Title business, consistent with regular seasonality • Excluding deposits from title companies and the si
Slide 13: Investment Portfolio and Liquidity
Investment Portfolio and Liquidity Investment Securities Portfolio • Classified as available for sale with a fair market value of $214.5 million, or 5.6% of total assets, with an effective duration of 2.4 years. • U.S. Treasuries represent 61% of the overall investment portfolio. • The accumulated o
Slide 14: Credit Metrics
Credit Metrics 14 (1) Refer to Appendix for reconciliation of non-GAAP measures. 3 loan relationships accounted for 36% of non-performing loans in 3Q26 (and 37% in 2Q26) 3 loan relationships accounted for 34% of NPAs in 3Q26 (and 35% in 2Q26)
Slide 15: Robust Capital Ratios
Robust Capital Ratios 15 Note: Ratios presented are for Capital Bank unless otherwise noted (1) Estimated ratio at September 30, 2026
Slide 16: Capital Bancorp: Best-in-Class Earnings & Growth Profile
Last Twelve Months 3 Year CAGRs ROAA Fee Income / Revenue ROATCE NIM Assets / Share Loans / Share Deposits / Share 1.44% 21.3% 14.7% 5.77% / 4.14% 12% 12% 13% 1.08% 12.3% 11.4% 3.70% 4% 4% 4% 78% 85% 81% 99% / 81% 96% 90% 93% Capital Bancorp: Best-in-Class Earnings & Growth Profile that is Poised to
Slide 17: Share Appreciation Outperforms Industry
Share Appreciation Outperforms Industry 17 Share Price Change Since CBNK IPO on 9/26/20181TBVPS + Dividend Growth Since 2018Q3 100%+ Outperformance vs. both groups 180%+ Outperformance vs. both groups Source: S&P Global Market Intelligence; FactSet. Note: Market data as of 10/21/2026. 1 CBNK IPO pri
Slide 18: Jake Dalaya, Chief Financial Officer
Jake Dalaya Chief Financial Officer (301)-637-5118 NASDAQ: CBNK
Slide 19: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures
Slide 20: Reconciliation of Non-GAAP Information: Core Earnings Metrics
Reconciliation of Non-GAAP Information 20 Core Earnings Metrics (in thousands, except per share data) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Net Income 13,122$ 14,250$ 12,018$ 15,037$ 15,065$ Deduct: Income from the Call of Brokered Time Deposits, Net of
Slide 21: Reconciliation of Non-GAAP Information: Tangible Book Value and Core NIM
Reconciliation of Non-GAAP Information 21 Tangible Book Value Per Share (in thousands, except per share amount) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Total Stockholders' Equity 431,450$ 422,205$ 408,859$ 401,757$ 394,770$ Less: Intangible assets 39,958
Slide 22: Reconciliation of Non-GAAP Information: Return on Average Tangible Common Equity
Reconciliation of Non-GAAP Information 22 Return on Average Tangible Common Equity (in thousands) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Net Income 13,122$ 14,250$ 12,018$ 15,037$ 15,065$ Add: Intangible Amortization, net of tax 195 201 197 200 199 Net T
Slide 23: Reconciliation of Non-GAAP Information: Net Charge-offs and Credit Ratios
Reconciliation of Non-GAAP Information 23 Net Charge-offs to Average Portfolio Loans(1) (in thousands) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Total Net Charge-offs 3,841$ 3,835$ 2,994$ 2,373$ 2,476$ Total Average Portfolio Loans 3,135,648 3,058,476 3,008