Capital Bancorp (CBNK) investor relations material

Executive summary

• Achieved net income of $12.0 million in Q1 2026, with strong loan and deposit growth, continued investment in strategic initiatives, and robust customer deposit inflows.

• Annualized loan growth reached 9.2% and deposit growth 26.1%, with customer deposits up 40.7% and brokered deposits down 19.5%.

• Tangible book value per share increased 10.5% year-over-year to $22.62, and 14.2% annualized from 4Q25.

• Repurchased $3.5 million of common shares under the stock repurchase plan; $12.4 million remains authorized.

• Advanced investments in OpenSky unsecured card, partnerships, data infrastructure, and technology to support long-term growth.

Financial highlights

• Total assets grew to $3.81 billion, up 13.7% year-over-year and 22.7% annualized from 4Q25.

• Portfolio loans reached $3.03 billion, up 13.0% year-over-year; deposits totaled $3.29 billion, up 13.9% year-over-year.

• Net interest margin (NIM) was 5.71%, with core NIM at 4.15%, both down sequentially and year-over-year.

• Fee revenue increased $0.9 million, or 29.6% year-over-year, driven by SBA and USDA loan sales.

• Diluted EPS was $0.73, down 11.2% year-over-year and 19.8% sequentially; noninterest expense increased due to higher personnel and technology costs.

Outlook and guidance

• Continued focus on scaling OpenSky and related unsecured card products, with ongoing investments in technology and infrastructure.

• Management expects continued balance sheet growth, supported by strong customer deposit inflows and product innovation.

• No macroeconomic signs of credit deterioration observed, but management remains vigilant.