cbnk-20260727

CBNK Reports 2Q ROA of 1.52% and EPS of $0.87

Delivers Strong Balance Sheet and Revenue Growth, Positive Operating Leverage

Rockville, Maryland, July 27, 2026 (GLOBE NEWSWIRE) – Capital Bancorp, Inc. (the "Company") (NASDAQ: CBNK), the holding company for Capital Bank, N.A. (the "Bank"), today reported:





	Quarter Ended			% Change (Annualized)
(in millions, except per share data)	2Q26	1Q26	2Q25	2Q26 vs 1Q26	2Q26 vs 2Q25
Balance Sheet Summary
Gross Loans (1)	$3,086	$3,026	$2,740	7.9%	12.6%
Total Deposits	3,371	3,292	2,941	9.6%	14.6%
Customer Deposits(2)	3,140	2,989	2,671	20.3%	17.6%
Tangible Book Value per share(3)	$23.45	$22.62	$20.64	14.7%	13.6%





	GAAP					Core(3)

	Quarter Ended			Change		Quarter Ended			Change
(in millions, except per share data)	2Q26	1Q26	2Q25	2Q26 vs 1Q26	2Q26 vs 2Q25	2Q26	1Q26	2Q25	2Q26 vs 1Q26	2Q26 vs 2Q25
Earnings Summary
Net Income	$14.3	$12.0	$13.1	18.6%	8.5%	$14.3	$12.0	$14.2	18.6%	0.3%
Earnings per share - diluted	$0.87	$0.73	$0.78	19.2%	11.5%	$0.87	$0.73	$0.85	19.2%	2.4%
ROA	1.52%	1.33%	1.60%	19 bps	(8) bps	1.52%	1.33%	1.73%	19 bps	(21) bps
ROTCE(3)	15.51%	13.58%	16.10%	193 bps	(59) bps	15.51%	13.58%	17.39%	193 bps	(188) bps
	Including Card					Excluding Card
NIM	5.64%	5.71%	6.04%	(7) bps	(40) bps	4.04%	4.15%	4.42%	(11) bps	(38) bps



	GAAP		Core(3)

	Six Months Ended		Change	Six Months Ended		Change
(in millions, except per share data)	2Q26	2Q25		2Q26 vs 2Q25	2Q26	2Q25	2Q26 vs 2Q25
Earnings Summary
Net Income	$26.3	$27.1		(3.0)%	$26.3	$29.1	(9.7)%
Earnings per share - diluted	$1.60	$1.60		—%	$1.60	$1.72	(7.0)%
ROA	1.43%	1.68%		(25) bps	1.43%	1.80%	(37) bps
ROTCE(3)	14.57%	16.82%		(225) bps	14.57%	18.07%	(350) bps
	Including Card			Excluding Card
NIM	5.68%	6.04%		(36) bps	4.09%	4.39%	(30) bps

(1) Gross loans represent portfolio loans receivable, net of deferred fees and costs.

(2) Customer deposits represents total deposits excluding brokered deposits.

(3) As used in this press release, Core net income, Core earnings per share - diluted, Core ROA, Core ROTCE, Tangible Book Value per share are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of merger-related expenses and certain other pre-tax adjustments which are not indicative of operating performance and the tax impacts of such adjustments. Reconciliations of this and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

“The Board is very pleased that we were able to deliver another quarter of strong operating performance, highlighted by solid loan and deposit growth, diversified fee income generation, and continued growth in tangible book value per share,” said Steven J. Schwartz, Chairman of the Company. “The increase in non-interest expenses year-over-year reflects our continued investment in strategic initiatives, including our unsecured card platform, the expansion of our targeted C&I verticals, and our customer-facing and back-office technology infrastructure. We believe these investments strengthen our franchise and will continue to reduce our exposure to cyber risks, credit losses at OpenSky™, enhance our customers' experience, and, ultimately, improve our operating efficiency, all while supporting our robust, organic, long-term growth goals.”

Second Quarter 2026 Highlights

•Continued to strengthen the funding base, with total deposits, including brokered deposits, increasing 9.6% (annualized) from 1Q 2026; Excluding a $15.0 million reduction associated with the same single customer relationship noted in 1Q 2026, total deposits grew 11.5% (annualized) while reducing brokered deposits by 23.8%

•Sustained strong customer deposit momentum, with customer deposits increasing 20.3% (annualized) from 1Q 2026, or 27.0% (annualized) excluding the relationship referenced above

•Generated 7.9% (annualized) growth in gross loans from 1Q 2026, driven by broad-based production across the portfolio; Through July 15th(1), loan growth totaled $159.2 million, representing an implied annualized growth rate of 10.0%

•Continued tangible book value compounding, with tangible book value(2) per share increasing 14.7% (annualized) from 1Q 2026

•Delivered diluted earnings per share of $0.87, up 19.2% from 1Q 2026, supported by an 18.6% increase in net income

•Produced 29.6% (annualized) fee income growth, with contributions from nearly every major fee category, led by higher USDA volume, continued production from the new SBA team, significant growth in Windsor revenue and increased mortgage production. Fee revenue represented 22.0% of total revenue

•Continued to execute on strategic growth initiatives while maintaining strong expense discipline, with noninterest expense remaining flat despite ongoing investments in unsecured card, card partnerships, data infrastructure and personnel

•The Company also declared a cash dividend on its common stock of $0.14 per share, a 16.7% increase from the prior quarterly dividend. The dividend is payable on August 26, 2026 to shareholders of record on August 10, 2026.

“We continue to execute on our growth strategy across the franchise, delivering strong customer deposit growth, solid loan production and broad-based fee income expansion" said Ed Barry, CEO of the Company. "The breadth of our performance reflects the strength of our diversified business model and positions us well to continue expanding customer relationships, growing the balance sheet and delivering sustainable long-term growth."

(1) Balances through July 15th are preliminary and unaudited. They have not been subject to customary reconciliations or closing procedures and may not be indicative of final balances at quarter end.

(2) As used in this press release, Core net income, Core earnings per share - diluted, Core ROA, Core ROTCE, Tangible Book Value per share are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of merger-related expenses and certain other pre-tax adjustments which are not indicative of operating performance and the tax impacts of such adjustments. Reconciliations of this and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

Consolidated financial performance

Net income of $14.3 million increased $2.2 million compared to 1Q 2026, and earnings per share - diluted of $0.87 increased $0.14 per share from 1Q 2026. Net income increased $1.1 million, or 8.5%, compared to $13.1 million, or $0.78 per diluted share, for 2Q 2025. 2Q 2026 Core net income(1) of $14.3 million, or $0.87 per diluted share, increased $2.2 million, or 18.6%, from 1Q 2026 Core net income of $12.0 million, or $0.73 per diluted share. 2Q 2026 Core net income increased $0.1 million from 2Q 2025 Core net income of $14.2 million. 2Q 2026 Core net income excluding purchase accounting accretion ("PAA") was $14.0 million, an increase of $0.8 million from 2Q 2025 Core net income excluding PAA of $13.2 million.

Quarterly net interest income:

•Net interest income of $50.9 million increased $1.5 million, or 3.1% (not annualized), compared to 1Q 2026, and increased $3.3 million, or 6.9%, year-over-year.

◦Interest income of $70.0 million increased $2.0 million, or 2.9% (not annualized), compared to 1Q 2026, and increased $5.4 million, or 8.3%, year-over-year. The increase from 1Q 2026 was primarily driven by a $0.9 million increase from OpenSky™ due to higher balances and higher yields, $1.0 million from the Commercial Bank driven by $0.5 million from interest bearing cash income, $0.4 million from investment securities, and $0.2 million from loan growth. The increase year-over-year was primarily driven by $3.8 million from the Commercial Bank due to strong organic loan growth, and $1.5 million from OpenSky™ due to strong growth from the unsecured loan product.

▪Interest income included $0.2 million from net PAA in 2Q 2026, compared to $0.3 million in 1Q 2026 and $0.4 million in net PAA in 2Q 2025.

◦Interest expense of $19.0 million increased $0.5 million, or 2.5% (not annualized), compared to 1Q 2026, and increased $2.1 million, or 12.3%, year-over-year. The increase of $0.5 million compared to 1Q 2026, was primarily driven by growth in the deposit portfolio, and a shift in deposit mix to money markets accounts. The increase of $2.1 million year-over-year was driven by $1.0 million from higher balances and a shift in deposit mix, $0.8 million of lower PAA, and $0.3 million of higher borrowing costs.

▪Interest expense included a $0.1 million benefit from net PAA in 2Q 2026, compared to a $0.1 million benefit in 1Q 2026. There was a $0.9 million benefit from net PAA in 2Q 2025.

Quarterly provision:

•The 2Q 2026 provision for credit losses was $3.6 million, an increase of $0.6 million from 1Q 2026. Net charge-offs totaled $3.8 million, or 0.50% of portfolio loans (annualized), up from $3.0 million or 0.40% of portfolio loans (annualized), in 1Q 2026.

◦Net charge-offs in the quarter include $2.9 million from OpenSky™ loans and $0.9 million from Commercial Bank loans. Net charge-offs for the Commercial Bank increased $1.0 million quarter-over-quarter primarily due to a $0.7 million recovery in 1Q 2026. OpenSky™ net charge-offs amounted to $2.9 million in 2Q 2026 compared to $3.1 million in 1Q 2026.

◦At June 30, 2026, the ACL Coverage Ratio was 1.76%, down 5 bps from March 31, 2026.

(1) As used in this press release, Core net income and Core noninterest expense are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of merger-related expenses and certain other pre-tax adjustments which are not indicative of operating performance and the tax impacts of such adjustments. Reconciliations of this and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

Consolidated financial performance (Continued)

Quarterly fee revenue:

•Fee Revenue of $14.4 million increased $1.0 million, compared to 1Q 2026 and increased $1.3 million year-over-year. The increase of $1.0 million during 2Q 2026 was the result primarily of a $1.0 million increase in government loan servicing and packaging revenue (Windsor™), a $0.4 million increase in mortgage banking revenue, and a $0.3 million increase in government lending revenue, offset by a $0.3 million decrease in credit card fees and a $0.2 million decrease in loan servicing rights. The year-over-year fee revenue increase of $1.3 million was primarily due to an increase in government loan servicing and packaging revenue (Windsor™). Fee revenue mix(1) was 22.0% of total revenue for 2Q 2026, compared to 21.3% during 1Q 2026, and 21.6% during 2Q 2025.

Quarterly noninterest expense:

•Noninterest expense of $43.2 million decreased $0.5 million compared to 1Q 2026 and increased $3.6 million compared to 2Q 2025. Core noninterest expense(2) of $43.2 million decreased $0.5 million compared to 1Q 2026 and increased $5.0 million compared to 2Q 2025. Core comparisons include:

◦The decrease of $0.5 million quarter-over-quarter was primarily driven by the following:

▪$0.8 million lower professional fees, attributable to a decrease in consulting expenses and lower audit and accounting related fees; partially offset by a $0.4 million increase in occupancy and costs associated with software upgrades.

◦Year-over-year expense growth of $5.0 million was driven by increases in professional fees associated with investments in shared services areas and OpenSky™, expense associated with headcount growth, increased occupancy and equipment costs and an increase in loan processing costs.

Quarterly income taxes:

•Income tax expense of $4.2 million, or 22.8% of pre-tax income for 2Q 2026, increased $0.4 million from $3.9 million, or 24.3% of pre-tax income for 1Q 2026. The effective income tax rate change quarter-over-quarter primarily reflects refinement of the quarterly tax provision following an updated estimate related to the deferred tax liability associated with fixed assets acquired in the IFH acquisition.

Total assets:

Total assets of $3.9 billion at June 30, 2026 increased $81.5 million, or 8.6% (annualized) from March 31, 2026. Total assets growth year-over-year was $501.3 million, or 14.8%. The growth quarter-over-quarter, and year-over-year, was primarily driven by increases in portfolio loans, and cash balances.

Gross Loans:

•Gross Loans of $3.1 billion at June 30, 2026 increased $59.5 million, or 7.9% (annualized), from March 31, 2026 and increased $346.1 million, or 12.6%, year-over-year.

◦Compared to March 31, 2026, growth was primarily driven by $34.8 million from commercial real estate, $10.5 million from credit cards, and $5.0 million from construction real estate.

◦Gross loan growth through July 15th(3) of $159.2 million brings year-to-date loan growth to 10.0% (annualized).

◦C&l loans, plus owner-occupied CRE loans, totaled 37.4% of total portfolio loans at June 30, 2026, 38.3% at March 31, 2026, and 37.6% at June 30, 2025.

(1) Fee revenue mix equals fee revenue divided by the sum of fee revenue and net interest income before provision for credit losses.

(3) Balances through July 15th are preliminary and unaudited. They have not been subject to customary reconciliations or closing procedures and may not be indicative of final balances at quarter end.

Consolidated financial performance (Continued)

Deposits:

•Total deposits of $3.4 billion at June 30, 2026 increased $79.1 million, or 9.6% (annualized), from March 31, 2026, and increased $430.4 million, or 14.6% from June 30, 2025.

◦Excluding a $72.1 million decrease in brokered time deposits, customer deposits increased $151.1 million or 20.3% (annualized), including $114.7 million of growth in customer money market deposits, $49.8 million of growth in interest-bearing demand accounts, $25.7 million of growth in noninterest-bearing deposits, and $1.6 million of growth in savings accounts, partially offset by a decrease of $40.7 million in customer time deposits.

◦The increase in total deposits of $430.4 million year-over-year was driven by $430.5 million in growth from customer money market deposits with offsetting activity across other deposit products.

◦Total deposit growth through July 15th(1) of $165.3 million brings year-to-date deposit growth to 10.0% (annualized).

◦Insured and protected(2) deposits were approximately $2.2 billion as of June 30, 2026 representing 66.6% of the Company's deposit portfolio.

◦Low interest(3) and noninterest-bearing demand deposit account ("DDA") deposits totaled $1.3 billion, or 38.9% of deposits, an increase of $77.1 million, or 25.0% (annualized) from 1Q 2026, and an increase of $142.7 million, or 12.2% year-over-year.

▪The average rate on the low interest and noninterest-bearing deposits was 0.29% for 2Q 2026, which increased 13 bps compared to 1Q 2026 and increased 15 bps year-over-year.

•The average portfolio loans-to-deposit ratio was 94.3% for 2Q 2026, compared to 96.1% for 1Q 2026, and 96.2% for 2Q 2025.

Investment securities:

•The investment securities portfolio continues to be classified as available-for-sale and had a fair market value of $219.9 million, or 5.7% of total assets, and an effective duration of 2.5 years, with U.S. Treasury Securities representing 60% of the overall investment portfolio at June 30, 2026. The accumulated other comprehensive income (loss) on the investment securities portfolio declined $0.1 million during the quarter to $6.3 million after-tax as of June 30, 2026, which represents 1.5% of total stockholders' equity. The Company does not have a held-to-maturity investment securities portfolio.

Liquidity:

•The Company maintains stable and diversified sources of contingent liquidity, generally consistent with prior quarter. Total available borrowing capacity as of June 30, 2026 was $801.6 million, compared to $809.5 million as of March 31, 2026, consisting of $699.4 million of available collateralized borrowing capacity, $96.0 million of unsecured lines of credit with other banks, and $6.2 million of unpledged investment securities available to collateralize potential additional borrowings. Including cash and cash equivalents of $418.3 million, total liquidity was approximately $1.2 billion.

Capital:

•As of June 30, 2026, the Company reported a Common Equity Tier-1 capital ratio of 13.14% and a Tier 1 leverage ratio of 10.59%, compared to 12.92% and 10.48%, respectively, at March 31, 2026. At June 30, 2026, the Company and the Bank maintained regulatory capital ratios that exceed all capital adequacy requirements.

•Shares repurchased and retired during the three months ended June 30, 2026, as part of the Company's stock repurchase program, totaled 1,213 shares at an average price of $30.03, for a total cost of $36 thousand. As of June 30, 2026, there was $12.4 million remaining to be repurchased under the current $15.0 million authorization repurchase program, which will expire on December 31, 2026.

(1) Balances through July 15th are preliminary and unaudited. They have not been subject to customary reconciliations or closing procedures and may not be indicative of final balances at quarter end.

(2) Protected deposits include deposits that are indirectly protected under the product terms.

(3) Low interest deposits include interest-bearing demand and savings accounts.

Financial Metrics

Net Interest Margin:

NIM of 5.64% for 2Q 2026, decreased 7 bps compared to the prior quarter, and decreased 40 bps year-over-year. Core NIM(1) of 4.04% decreased 11 bps (but decreased 9 bps when excluding PAA) compared to the prior quarter, and decreased 38 bps year-over-year. Net PAA for 2Q 2026 was 3 bps for NIM and 4 bps for Core NIM(1). The decrease quarter-over-quarter in Core NIM includes 3 bps from lower deferred origination fees and net PAA and 3 bps from one non-performing loan relationship.

•The average yield on interest earning assets of 7.75% decreased 11 bps compared to the prior quarter and decreased 44 bps year-over-year. The decrease quarter-over-quarter was primarily due to the Commercial Bank loan portfolio. The decrease year-over-year was primarily due to the impact of changes in the rate environment to the Commercial Bank and OpenSky™ portfolios, as well as lower loan PAA for the Commercial Bank.

◦The Core Loan Yield(1) of 6.77% for 2Q 2026 decreased 16 bps compared to 1Q 2026, and decreased 37 bps year-over-year. The decrease quarter-over-quarter includes 5 bps from lower deferred origination fees and loan PAA, and 4 bps from one non-performing loan relationship. The decrease year-over-year was primarily a result of changes in the rate environment offsetting organic portfolio growth.

•The total cost of deposits of 2.29% for 2Q 2026 decreased 5 bps compared to the prior quarter and decreased 7 bps year-over-year. The decrease quarter-over-quarter was primarily due to a shift in product mix, and the decrease year-over-year was primarily due to a shift in product mix as well as changes in the rate environment.

•The total cost of interest-bearing deposits of 3.09% for 2Q 2026 decreased 8 bps quarter-over-quarter, and decreased 20 bps year-over-year. The decrease quarter-over-quarter was primarily due to a shift in product mix, and the decrease year-over-year was primarily due to a shift in product mix as well as changes in the rate environment.

•Net PAA of $0.3 million, or 3 bps of NIM and 4 bps of Core NIM(1), during 2Q 2026, decreased $0.1 million from 1Q 2026 due to a loan that paid off during 1Q 2026. There was $1.3 million from net PAA during 2Q 2025.

Credit Metrics and Asset Quality:

Nonperforming assets were $60.8 million, or 1.56% of total assets, at June 30, 2026, an increase of $1.6 million from March 31, 2026, while remaining unchanged as a percentage of total assets. The increase in nonperforming assets from 1Q 2026 was primarily driven by a $5.3 million net increase in nonaccrual loans from the legacy CBNK portfolio, slightly offset by a $3.7 million net decrease from the acquired IFH portfolio. The legacy CBNK increase reflected $10.6 million of new nonaccruals, primarily attributable to one $9.7 million legacy bank loan relationship, partially offset by $5.3 million of nonaccrual resolutions. The acquired IFH portfolio decrease reflected $4.7 million of nonaccrual loan resolutions, partially offset by $1.0 million of new nonaccruals. Nonperforming assets increased $24.7 million or 49 bps year-over-year, mainly due to the $15.9 million increase during 3Q 2025 from two loan relationships acquired as part of the IFH transaction and the $9.7 million increase during 2Q 2026 related to the legacy bank loan relationship referenced above. At June 30, 2026, substandard loans totaled $70.6 million, or 2.3% of total portfolio loans, compared to $71.8 million, or 2.4% of total portfolio loans, at March 31, 2026 and $44.6 million, or 1.7% of total portfolio loans, at June 30, 2025. The $26.1 million year-over-year increase in substandard loans was primarily driven by $15.9 million from two loan relationships acquired as part of the IFH transaction, and $9.7 million from the legacy bank relationship that is referenced above. At June 30, 2026, special mention loans totaled $61.5 million, or 2.0% of total portfolio loans, compared to $60.3 million, or 2.0% of total portfolio loans, at March 31, 2026, and $54.2 million, or 2.0% of total portfolio loans, at June 30, 2025.

Through July 15, 2026, management did not identify any significant changes in nonperforming assets, special mention loans, or substandard loans from June 30, 2026.

(1) As used in this press release, Core NIM, Core Loan Yield, and Core efficiency ratio are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of merger-related expenses and certain other pre-tax adjustments which are not indicative of operating performance and the tax impacts of such adjustments. Reconciliations of these and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

Financial Metrics (continued)

Efficiency Ratio:

The efficiency ratio was 66.1% for 2Q 2026, compared to 69.6% for 1Q 2026 and 65.1% for 2Q 2025. The core efficiency ratio(1) was 66.1% for 2Q 2026, which decreased from 69.6% compared to the prior quarter, and increased from 62.8% for 2Q 2025.

Returns:

ROA was 1.52% for 2Q 2026, compared to 1.33% for 1Q 2026, and 1.60% for 2Q 2025. Core ROA(1) for 2Q 2026 was 1.52%, compared to 1.33% for 1Q 2026, and 1.73% for 2Q 2025.

•ROE was 13.80% for 2Q 2026, compared to 12.03% for 1Q 2026, and 14.17% for 2Q 2025. Core ROE(1) was 13.80% for 2Q 2026, compared to 12.03% for 1Q 2026, and 15.33% for 2Q 2025.

•ROTCE(1) was 15.51% for 2Q 2026, compared to 13.58% for 1Q 2026, and 16.10% for 2Q 2025. Core ROTCE(1) for 2Q 2026 was 15.51%, compared to 13.58% for 1Q 2026, and 17.39% for 2Q 2025.

Book Value:

Book value per common share of $25.92 at June 30, 2026, increased $0.82 when compared to March 31, 2026, and increased $3.00 when compared to June 30, 2025. Tangible book value per common share(1) increased $0.83, or 3.7% (not annualized), to $23.45 at June 30, 2026 when compared to March 31, 2026, and increased $2.81, or 13.6%, when compared to June 30, 2025.

(1) As used in this press release, Core ROA, Core ROE, ROTCE, Core ROTCE, and Tangible Book Value are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of merger-related expenses and certain other pre-tax adjustments which are not indicative of operating performance and the tax impacts of such adjustments. Reconciliations of these and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

Reportable Segments

Commercial Bank

Loan Growth – Portfolio loans(1) increased $49.0 million at June 30, 2026 compared to March 31, 2026, driven by $34.8 million from CRE, $5.0 million from construction real estate, $2.2 million from residential real estate, and $1.0 million from C&I. Portfolio loans increased $327.6 million at June 30, 2026 compared to June 30, 2025, driven by $138.3 million from C&I, $87.0 million from residential real estate, and $54.2 million from CRE. [C&I loans grew an additional 2.5% through July 15, 2026(2).] Historical gross portfolio loan balances are disclosed in the Composition of Loans table within the Historical Financial Highlights.

Net Interest Income – Interest income of $53.7 million increased $1.0 million from the prior quarter, $0.5 million from interest bearing cash income, $0.4 million from investment securities, and $0.2 million from loan growth. Interest expense of $18.9 million increased $0.4 million, driven by growth and a mix shift in the deposit portfolio.

Credit Metrics – Nonperforming assets increased 1 bp to 1.65% of total assets at June 30, 2026 compared to March 31, 2026. Total nonaccrual loans at June 30, 2026 were $57.0 million, an increase of $1.6 million or 2.8% compared to $55.4 million at March 31, 2026.

Classified and Criticized Loans – At June 30, 2026, special mention loans totaled $61.5 million, or 2.0% of total portfolio loans, compared to $60.3 million, or 2.0% of total portfolio loans, at March 31, 2026. At June 30, 2026, substandard loans totaled $70.6 million, or 2.3% of total portfolio loans, compared to $71.8 million, or 2.4% of total portfolio loans, at March 31, 2026.

OpenSky™

OpenSky™ results reflected continued loan balance growth, stable account levels, lower operating expenses and credit performance consistent with management expectations. Higher net interest income from loan growth was partially offset by lower fee revenue and a higher provision for credit losses primarily related to portfolio growth.

Accounts – During 2Q 2026, credit card accounts grew to 588.6 thousand, increasing 0.4 thousand, or 0.1% (not annualized) from March 31, 2026, and increasing 3.2 thousand, or 0.6% year-over-year.

Loan and Deposit Balances – Secured and unsecured loan balances, net of reserves for interest and fees, of $145.3 million at June 30, 2026 increased by $10.5 million, or 7.8% (not annualized), compared to March 31, 2026 and increased $14.2 million, or 10.9%, year-over-year. Deposit balances of $166.2 million at June 30, 2026 increased $0.7 million compared to March 31, 2026 and decreased $2.8 million, or 1.6% year-over-year. Gross unsecured loan balances of $51.2 million at June 30, 2026 increased $4.7 million, or 10.0% (not annualized), compared to $46.6 million at March 31, 2026, and increased $18.5 million, or 56.6% (not annualized), year-over-year. Gross secured loan balances of $96.0 million at June 30, 2026 increased $6.0 million, or 6.7% (not annualized), compared to $90.0 million at March 31, 2026, and decreased $4.0 million, or 4.0% (not annualized) year-over-year.

Net Interest Income – Interest income of $16.0 million increased $0.9 million compared to 1Q 2026, supported by higher average OpenSky™ credit card loan balances. Average OpenSky™ credit card loan balances, net of reserves and deferred fees of $137.1 million for 2Q 2026, increased $3.3 million, or 2.5% (not annualized), compared to 1Q 2026.

Fee Revenue – Total fee revenue of $4.4 million decreased $0.3 million from the prior quarter primarily driven by lower credit-card fees from the unsecured product. The decline was partially offset by continued growth in net interest income as loan balances increased.

Noninterest Expense – Total noninterest expense of $15.4 million decreased $0.8 million compared to 1Q 2026, driven by savings from professional fees, lower depreciation of capitalized assets related to OpenSky™ technology, lower data processing costs, and lower marketing spend.

OpenSky™ Credit – Portfolio credit metrics continued to be generally consistent with modeled expectations during 2Q 2026. The provision for credit losses of $4.0 million increased $1.3 million when compared to the prior quarter, primarily due to the growth of $10.5 million in the loan portfolio. Net charge-offs remained generally stable, decreasing $0.2 million to $2.9 million in 2Q 2026 from $3.1 million in 1Q 2026. The majority of OpenSky's™ unsecured loan product is offered to current and former secured card customers, where the Company has historical customer

(1) Portfolio loans represents portfolio loans receivable excluding deferred origination fees, net.

(2) Balances through July 15th are preliminary and unaudited. They have not been subject to customary reconciliations or closing procedures and may not be indicative of final balances at quarter end.

performance data. Unsecured loans have been offered by OpenSky™ since the fourth quarter of 2021 and have generally performed in alignment with management expectations over that time period. OpenSky™ has begun testing limited offers to new customers; however, this activity remains insignificant to the overall unsecured loan portfolio and total accounts, and balances are expected to remain de minimis through year-end as management monitors performance.

Capital Bank Home Loans

Originations of loans held for sale totaled $106.9 million during 2Q 2026 (46.6% growth in volume compared to 1Q 2026 on an unannualized basis), with $87.1 million of mortgage loans sold resulting in a gain on sale of loans of $2.4 million, representing a 2.71% gain on sale as a percentage of total loans sold. Originations of loans held for sale totaled $72.9 million during 1Q 2026, with $52.4 million of mortgage loans sold resulting in a gain on sale of loans of $1.5 million, representing a 2.85% gain on sale as a percentage of total loans sold.

Windsor Advantage™

Gross government loan servicing revenue totaled $6.6 million, including $1.3 million of Capital Bank related servicing fees, during 2Q 2026. Gross government loan servicing revenue totaled $5.6 million, including $1.3 million of Capital Bank related servicing fees, during 1Q 2026. Windsor's™ total servicing portfolio was $3.4 billion at June 30, 2026, and $3.2 billion at March 31, 2026. In 2Q 2026, Windsor processed the closing of $223.6 million of government guaranteed loans, an 84.3% increase from $121.4 million in 1Q 2026 and a 142.7% increase from $92.1 million in 2Q 2025.


COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited

	Quarter Ended									2Q26 vs 1Q26				2Q26 vs 2Q25
(in thousands, except per share data)	June 30, 2026			March 31, 2026			June 30, 2025			$ Change		% Change		$ Change		% Change
Earnings Summary
Interest income	$	69,959		$	67,970		$	64,586		$	1,989	2.9	%	$	5,373	8.3	%
Interest expense	19,030			18,572			16,940			458		2.5	%	2,090		12.3	%
Net interest income	50,929			49,398			47,646			1,531		3.1	%	3,283		6.9	%
Provision for credit losses	3,585			3,014			4,081			571		18.9	%	(496)		(12.2)	%
Provision for credit losses on unfunded commitments	65			205			—			(140)		(68.3)	%	65		—	%
Noninterest income	14,361			13,373			13,106			988		7.4	%	1,255		9.6	%
Noninterest expense	43,186			43,681			39,572			(495)		(1.1)	%	3,614		9.1	%
Income before income taxes	18,454			15,871			17,099			2,583		16.3	%	1,355		7.9	%
Income tax expense	4,204			3,853			3,963			351		9.1	%	241		6.1	%
Net income	$	14,250		$	12,018		$	13,136		$	2,232	18.6	%	$	1,114	8.5	%

Pre-tax pre-provision net revenue ("PPNR") (1)	$	22,104		$	19,090		$	21,180		$	3,014	15.8	%	$	924	4.4	%
Core PPNR(1)	$	22,104		$	19,090		$	22,578		$	3,014	15.8	%	$	(474)	(2.1)	%

Common Share Data
Earnings per share - Basic	$	0.87		$	0.74		$	0.79		$	0.13	17.6	%	$	0.08	10.1	%
Earnings per share - Diluted	$	0.87		$	0.73		$	0.78		$	0.14	19.2	%	$	0.09	11.5	%
Core earnings per share - Diluted(1)	$	0.87		$	0.73		$	0.85		$	0.14	19.2	%	$	0.02	2.4	%
Weighted average common shares - Basic	16,288			16,345			16,584
Weighted average common shares - Diluted	16,373			16,441			16,802

Return Ratios
Return on average assets (annualized)	1.52		%	1.33		%	1.60		%
Core return on average assets (annualized)(1)	1.52		%	1.33		%	1.73		%

Return on average equity (annualized)	13.80		%	12.03		%	14.17		%
Core return on average equity (annualized)(1)	13.80		%	12.03		%	15.33		%
Return on average tangible common equity (annualized)(1)	15.51		%	13.58		%	16.10		%

Core return on average tangible common equity (annualized)(1)	15.51		%	13.58		%	17.39		%

_______________

(1)Refer to Appendix for reconciliation of non-GAAP measures.


COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)

	Six Months Ended
	June 30,
(in thousands, except per share data)	2026			2025			$ Change		% Change
Earnings Summary
Interest income	$	137,929		$	127,346		$	10,583	8.3	%
Interest expense	37,602			33,653			3,949		11.7	%
Net interest income	100,327			93,693			6,634		7.1	%
Provision for credit losses	6,599			6,327			272		4.3	%
Provision for credit losses on unfunded commitments	270			—			270		—	%
Noninterest income	27,734			25,655			2,079		8.1	%
Noninterest expense	86,867			77,625			9,242		11.9	%
Income before income taxes	34,325			35,396			(1,071)		(3.0)	%
Income tax expense	8,057			8,328			(271)		(3.3)	%
Net income	$	26,268		$	27,068		$	(800)	(3.0)	%

Pre-tax pre-provision net revenue ("PPNR") (1)	$	41,194		$	41,723		$	(529)	(1.3)	%
Core PPNR(1)	$	41,194		$	44,387		$	(3,193)	(7.2)	%

Common Share Data
Earnings per share - Basic	$	1.61		$	1.63		$	(0.02)	(1.2)	%
Earnings per share - Diluted	$	1.60		$	1.60		$	—	—	%
Core earnings per share - Diluted(1)	$	1.60		$	1.72		$	(0.12)	(7.0)	%
Weighted average common shares - Basic	16,316			16,624
Weighted average common shares - Diluted	16,404			16,872

Return Ratios
Return on average assets (annualized)	1.43		%	1.68		%
Core return on average assets (annualized)(1)	1.43		%	1.80		%

Return on average equity (annualized)	12.93		%	14.85		%
Core return on average equity (annualized) (1)	12.93		%	15.97		%
Return on average tangible common equity (annualized)(1)	14.57		%	16.82		%
Core return on average tangible common equity (annualized)(1)	14.57		%	18.07		%

_______________

(1)Refer to Appendix for reconciliation of non-GAAP measures.


COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)

	Quarter Ended						Quarter Ended
	June 30,						March 31,		December 31,		September 30,
(in thousands, except per share data)	2026		2025		% Change		2026		2025		2025
Balance Sheet Highlights
Assets	$	3,889,938	$	3,388,662	14.8	%	$	3,808,467	$	3,606,207	$	3,389,442
Investment securities available-for-sale	219,947		228,923		(3.9)	%	230,525		230,083		232,640
Mortgage loans held for sale	22,370		15,933		40.4	%	13,739		25,828		14,146
Portfolio loans receivable (2)	3,085,950		2,739,808		12.6	%	3,026,431		2,959,457		2,821,983
Allowance for credit losses	54,431		47,447		14.7	%	54,680		54,660		53,045
Goodwill	25,969		22,478		15.5	%	25,969		25,969		25,969
Intangible assets	14,250		15,295		(6.8)	%	14,511		14,771		15,033
Deposits	3,371,103		2,940,738		14.6	%	3,292,047		3,093,200		2,912,053
FHLB borrowings	50,000		22,000		127.3	%	50,000		50,000		22,000
Other borrowed funds	2,062		12,062		(82.9)	%	2,062		2,062		12,062
Total stockholders' equity	422,205		380,035		11.1	%	408,859		401,757		394,770
Tangible common equity (1)	381,986		342,262		11.6	%	368,379		361,017		353,768

Common shares outstanding	16,289		16,582		(1.8)	%	16,286		16,373		16,589
Book value per share	$	25.92	$	22.92	13.1	%	$	25.10	$	24.54	$	23.80
Tangible book value per share (1)	$	23.45	$	20.64	13.6	%	$	22.62	$	22.05	$	21.33
Dividends per share	$	0.12	$	0.10	20.0	%	$	0.12	$	0.12	$	0.12

_______________

(1)Refer to Appendix for reconciliation of non-GAAP measures.

(2)Loans are reflected net of deferred fees and costs.


Consolidated Statements of Income (Unaudited)
	Three Months Ended										Six Months Ended
(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025		June 30, 2026		June 30, 2025
Interest income
Loans, including fees	$	65,362	$	64,186	$	64,933	$	60,838	$	60,810	$	129,548	$	119,501
Investment securities available-for-sale	1,814		1,459		1,728		1,805		1,582		3,273		3,443
Federal funds sold and other	2,783		2,325		1,973		2,248		2,194		5,108		4,402
Total interest income	69,959		67,970		68,634		64,891		64,586		137,929		127,346

Interest expense
Deposits	18,522		18,070		17,805		12,732		16,722		36,592		33,234
Borrowed funds	508		502		550		139		218		1,010		419
Total interest expense	19,030		18,572		18,355		12,871		16,940		37,602		33,653

Net interest income	50,929		49,398		50,279		52,020		47,646		100,327		93,693
Provision for credit losses	3,585		3,014		3,988		4,650		4,081		6,599		6,327
Provision for (release of) credit losses on unfunded commitments	65		205		(29)		217		—		270		—
Net interest income after provision for credit losses	47,279		46,179		46,320		47,153		43,565		93,458		87,366

Noninterest income
Service charges on deposits	409		403		371		425		262		812		520
Credit card fees	4,395		4,692		4,837		4,509		4,298		9,087		8,020
Mortgage banking revenue	1,960		1,556		1,960		1,927		1,754		3,516		3,585
Government lending revenue	1,207		923		—		14		3,112		2,130		4,208
Government loan servicing revenue	5,303		4,345		4,036		4,265		3,644		9,648		7,212
Loan servicing rights	292		497		295		368		(590)		789		(118)



Other income (loss)	795		957		965		(440)		626		1,752		2,228
Total noninterest income	14,361		13,373		12,464		11,068		13,106		27,734		25,655

Noninterest expenses
Salaries and employee benefits	20,067		20,317		17,914		17,728		18,460		40,384		36,527
Occupancy and equipment	3,942		3,562		2,638		2,849		2,995		7,504		5,905
Professional fees	4,125		4,965		4,294		2,131		2,422		9,090		4,534
Data processing	7,551		7,767		7,502		7,654		7,520		15,318		14,632
Advertising	1,816		1,466		1,398		1,714		1,371		3,282		3,150
Loan processing	1,475		1,383		1,152		1,114		979		2,858		1,722

Merger-related expenses	—		—		—		697		1,398		—		2,664
Operational and other card fraud related losses	690		690		750		923		933		1,380		1,836
Regulatory assessment expenses	925		941		858		740		884		1,866		1,773
Other operating	2,595		2,590		2,597		2,804		2,610		5,185		4,882
Total noninterest expenses	43,186		43,681		39,103		38,354		39,572		86,867		77,625
Income before income taxes	18,454		15,871		19,681		19,867		17,099		34,325		35,396
Income tax expense	4,204		3,853		4,644		4,802		3,963		8,057		8,328
Net income	$	14,250	$	12,018	$	15,037	$	15,065	$	13,136	$	26,268	$	27,068


Consolidated Balance Sheets
	(unaudited)		(unaudited)		(audited)		(unaudited)		(unaudited)
(in thousands, except share data)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025
Assets
Cash and due from banks	$	24,771	$	20,182	$	30,894	$	25,724	$	26,843
Interest-bearing deposits at other financial institutions	393,428		379,069		224,611		163,078		247,704
Federal funds sold	60		60		60		59		59
Total cash and cash equivalents	418,259		399,311		255,565		188,861		274,606
Investment securities available-for-sale	219,947		230,525		230,083		232,640		228,923

Restricted investments	8,707		8,691		8,397		7,057		7,043
Loans held for sale	22,370		13,739		25,828		14,146		15,933

Portfolio loans receivable, net of deferred fees and costs	3,085,950		3,026,431		2,959,457		2,821,983		2,739,808
Less allowance for credit losses	(54,431)		(54,680)		(54,660)		(53,045)		(47,447)
Total portfolio loans held for investment, net	3,031,519		2,971,751		2,904,797		2,768,938		2,692,361
Premises and equipment, net	17,669		17,732		15,072		15,304		14,863
Accrued interest receivable	19,429		16,795		16,695		19,011		15,149
Goodwill	25,969		25,969		25,969		25,969		22,478
Intangible assets	14,250		14,511		14,771		15,033		15,295

Loan servicing assets	1,847		1,957		1,816		2,070		2,221
Deferred tax asset	16,504		15,187		14,992		14,885		15,667


Bank owned life insurance	46,260		45,871		45,488		45,105		44,721

Other assets	47,208		46,428		46,734		40,423		39,402
Total assets	$	3,889,938	$	3,808,467	$	3,606,207	$	3,389,442	$	3,388,662

Liabilities
Deposits
Noninterest-bearing	$	897,363	$	871,677	$	852,741	$	857,543	$	836,979
Interest-bearing	2,473,740		2,420,370		2,240,459		2,054,510		2,103,759
Total deposits	3,371,103		3,292,047		3,093,200		2,912,053		2,940,738


Federal Home Loan Bank advances	50,000		50,000		50,000		22,000		22,000
Other borrowed funds	2,062		2,062		2,062		12,062		12,062
Accrued interest payable	6,606		8,944		8,745		8,045		8,158
Other liabilities	37,962		46,555		50,443		40,512		25,669
Total liabilities	3,467,733		3,399,608		3,204,450		2,994,672		3,008,627

Stockholders' equity

Common stock	163		163		164		166		166
Additional paid-in capital	113,217		112,268		114,604		121,707		121,362
Retained earnings	315,103		302,808		292,749		279,693		266,619
Accumulated other comprehensive loss	(6,278)		(6,380)		(5,760)		(6,796)		(8,112)
Total stockholders' equity	422,205		408,859		401,757		394,770		380,035
Total liabilities and stockholders' equity	$	3,889,938	$	3,808,467	$	3,606,207	$	3,389,442	$	3,388,662

The following tables show the average outstanding balance of each principal category of our assets, liabilities and stockholders’ equity, together with the average yields on our assets and the average costs of our liabilities for the periods indicated. Such yields and costs are calculated by dividing the annualized income or expense by the average daily balances of the corresponding assets or liabilities for the same period.


	Three Months Ended June 30, 2026						Three Months Ended March 31, 2026						Three Months Ended June 30, 2025
	Average Outstanding Balance		Interest Income/ Expense		Average Yield/ Rate(1)		Average Outstanding Balance		Interest Income/ Expense		Average Yield/ Rate(1)		Average Outstanding Balance		Interest Income/ Expense		Average Yield/ Rate(1)
	(in thousands)
Assets
Interest earning assets:
Interest-bearing deposits	$	295,167	$	2,646	3.60	%	$	246,346	$	2,200	3.62	%	$	182,192	$	2,065	4.55	%
Federal funds sold	60		—		—		60		1		6.76		59		—		—
Investment securities available-for-sale	240,102		1,814		3.03		233,165		1,459		2.54		230,317		1,582		2.76
Restricted investments	8,701		137		6.32		8,441		124		5.96		7,038		129		7.35
Loans held for sale	17,381		252		5.82		12,916		177		5.56		9,950		163		6.57
Portfolio loans receivable(2)(3)	3,058,476		65,110		8.54		3,008,187		64,009		8.63		2,733,865		60,647		8.90
Total interest earning assets	3,619,887		69,959		7.75		3,509,115		67,970		7.86		3,163,421		64,586		8.19
Noninterest earning assets	141,624						142,697						129,112
Total assets	$	3,761,511					$	3,651,812					$	3,292,533

Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand accounts	$	346,671	816		0.94		$	263,645	414		0.64		$	281,878	391		0.56
Savings	17,790		70		1.58		13,701		30		0.89		13,043		16		0.49
Money market accounts	1,315,061		10,797		3.29		1,189,642		9,479		3.23		924,784		8,022		3.48
Time deposits	722,144		6,839		3.80		842,137		8,147		3.92		816,809		8,293		4.07
Borrowed funds	52,062		508		3.91		52,062		502		3.91		34,062		218		2.57
Total interest-bearing liabilities	2,453,728		19,030		3.11		2,361,187		18,572		3.19		2,070,576		16,940		3.28
Noninterest-bearing liabilities:
Noninterest-bearing liabilities	51,427						64,056						45,523
Noninterest-bearing deposits	842,312						821,267						804,639
Stockholders’ equity	414,044						405,302						371,795
Total liabilities and stockholders’ equity	$	3,761,511					$	3,651,812					$	3,292,533

Net interest spread					4.64	%					4.67	%					4.91	%
Net interest income			$	50,929					$	49,398					$	47,646
Net interest margin(4)					5.64	%					5.71	%					6.04	%

_______________

(1)Annualized.

(2)Includes nonaccrual loans.

(3)For the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, Core Loan Yield was 6.77%, 6.93% and 7.14%, respectively.

(4)For the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, Core Net Interest Margin was 4.04%, 4.15% and 4.42%, respectively.


	Six Months Ended June 30,
	2026						2025
	Average Outstanding Balance		Interest Income/ Expense		Average Yield/ Rate		Average Outstanding Balance		Interest Income/ Expense		Average Yield/ Rate(1)
	(in thousands)
Assets
Interest earning assets:
Interest-bearing deposits	$	270,892	$	4,846	3.61	%	$	192,565	$	4,203	4.40	%
Federal funds sold	60		1		3.36		59		1		3.42
Investment securities available-for-sale	236,653		3,273		2.79		232,947		3,443		2.98
Restricted investments	8,572		261		6.14		6,403		198		6.24
Loans held for sale	15,161		429		5.71		9,654		401		8.38
Portfolio loans receivable(1)(2)	3,033,470		129,119		8.58		2,684,263		119,100		8.95
Total interest earning assets	3,564,808		137,929		7.80		3,125,891		127,346		8.22
Noninterest earning assets	142,157						131,552
Total assets	$	3,706,965					$	3,257,443

Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand accounts	$	305,388	$	1,230	0.81	%	$	262,226	$	759	0.58	%
Savings	15,757		100		1.28		13,123		34		0.52
Money market accounts	1,252,698		20,276		3.26		897,532		15,421		3.46
Time deposits	781,809		14,986		3.87		838,151		17,020		4.09
Borrowed funds	52,062		1,010		3.91		34,062		419		2.48
Total interest-bearing liabilities	2,407,714		37,602		3.15		2,045,094		33,653		3.32
Noninterest-bearing liabilities:
Noninterest-bearing liabilities	57,707						50,982
Noninterest-bearing deposits	831,847						793,888
Stockholders’ equity	409,697						367,479
Total liabilities and stockholders’ equity	$	3,706,965					$	3,257,443

Net interest spread					4.65	%					4.90	%
Net interest income			$	100,327					$	93,693
Net interest margin(3)					5.68	%					6.04	%

_______________

(1)Includes nonaccrual loans.

(2)For the six months ended June 30, 2026 and 2025, collectively. Core Loan Yield was 6.85% and 7.14%, respectively.

(3)For the six months ended June 30, 2026 and 2025, collectively. Core Net Interest Margin was 4.09% and 4.39%, respectively.

The Company’s reportable segments represent business units with discrete financial information whose results are regularly reviewed by management. The four segments include Commercial Banking, OpenSky™ (the Company’s credit card division), Windsor Advantage™ and Capital Bank Home Loans (the Company’s mortgage loan division).

The following schedules reported internally for performance assessment by the chief operating decision maker presents financial information for each reportable segment for the periods indicated. Total assets are presented as of June 30, 2026, March 31, 2026, and June 30, 2025.


Segments
For the three months ended June 30, 2026
(in thousands)	Commercial Bank		OpenSky™		Windsor Advantage™		CBHL		Consolidated
Interest income	$	53,712	$	15,995	$	—	$	252	$	69,959
Interest expense	18,894		—		—		136		19,030
Net interest income	34,818		15,995		—		116		50,929
Provision for (release of) credit losses	(432)		4,017		—		—		3,585
Provision for credit losses on unfunded commitments	65		—		—		—		65
Net interest income after provision	35,185		11,978		—		116		47,279
Noninterest income
Service charges on deposits	409		—		—		—		409
Credit card fees	—		4,395		—		—		4,395
Mortgage banking revenue	278		—		—		1,682		1,960
Government lending revenue	1,207		—		—		—		1,207
Government loan servicing revenue(1)	(1,256)		—		6,559		—		5,303
Loan servicing rights	292		—		—		—		292
Other income	618		30		—		147		795
Total noninterest income	1,548		4,425		6,559		1,829		14,361
Noninterest expenses
Salaries and employee benefits	12,048		3,792		2,625		1,602		20,067
Occupancy and equipment	2,315		1,047		391		189		3,942
Professional fees	2,233		1,228		271		393		4,125
Data processing	452		6,983		67		49		7,551
Advertising	765		598		297		156		1,816
Loan processing	927		271		9		268		1,475

Merger-related expenses	—		—		—		—		—
Operational and other card fraud related losses	72		618		—		—		690
Regulatory assessment expenses	583		214		64		64		925
Other operating	1,277		639		558		121		2,595
Total noninterest expenses	20,672		15,390		4,282		2,842		43,186
Net income (loss) before taxes	$	16,061	$	1,013	$	2,277	$	(897)	$	18,454

Total assets	$	3,689,273	$	143,716	$	27,818	$	29,131	$	3,889,938

_______________

(1)Gross government loan servicing revenue totaled $6.6 million, including $1.3 million of servicing fees earned from the Commercial Bank by WindsorTM, for the three months ended June 30, 2026.


Segments
For the three months ended March 31, 2026
(in thousands)	Commercial Bank		OpenSky™		Windsor Advantage™		CBHL		Consolidated
Interest income	$	52,732	$	15,061	$	—	$	177	$	67,970
Interest expense	18,472		—		—		100		18,572
Net interest income	34,260		15,061		—		77		49,398
Provision for credit losses	344		2,670		—		—		3,014
Provision for credit losses on unfunded commitments	205		—		—		—		205
Net interest income after provision	33,711		12,391		—		77		46,179
Noninterest income
Service charges on deposits	403		—		—		—		403
Credit card fees	—		4,692		—		—		4,692
Mortgage banking revenue	416		—		—		1,140		1,556
Government lending revenue	923		—		—		—		923
Government loan servicing revenue(1)	(1,262)		—		5,607		—		4,345
Loan servicing rights	497		—		—		—		497
Other income	707		12		—		238		957
Total noninterest income	1,684		4,704		5,607		1,378		13,373
Noninterest expenses
Salaries and employee benefits	12,090		3,887		2,664		1,676		20,317
Occupancy and equipment	1,870		1,118		392		182		3,562
Professional fees	2,468		1,861		278		358		4,965
Data processing	545		7,107		59		56		7,767
Advertising	718		592		60		96		1,466
Loan processing	1,076		47		22		238		1,383

Merger-related expenses	—		—		—		—		—
Operational and other card fraud related losses	65		625		—		—		690
Regulatory assessment expenses	598		215		66		62		941
Other operating	1,140		715		605		130		2,590
Total noninterest expenses	20,570		16,167		4,146		2,798		43,681
Net income (loss) before taxes	$	14,825	$	928	$	1,461	$	(1,343)	$	15,871

Total assets	$	3,624,207	$	135,414	$	28,535	$	20,311	$	3,808,467

_______________

(1) Gross government loan servicing revenue totaled $5.6 million, including $1.3 million of servicing fees earned from the Commercial Bank by WindsorTM, for the three months ended March 31, 2026.


Segments
For the three months ended June 30, 2025
(in thousands)	Commercial Bank		OpenSky™		Windsor Advantage™		CBHL		Consolidated
Interest income	$	49,929	$	14,494	$	—	$	163	$	64,586
Interest expense	16,856		—		—		84		16,940
Net interest income	33,073		14,494		—		79		47,646
Provision for credit losses	1,159		2,922		—		—		4,081
Provision for credit losses on unfunded commitments	—		—		—		—		—
Net interest income after provision	31,914		11,572		—		79		43,565
Noninterest income
Service charges on deposits	262		—		—		—		262
Credit card fees	—		4,298		—		—		4,298
Mortgage banking revenue	465		—		—		1,289		1,754
Government lending revenue	3,112		—		—		—		3,112
Government loan servicing revenue(1)	(1,052)		—		4,696		—		3,644
Loan servicing rights(2)	(590)		—		—		—		(590)
Other income	349		25		—		252		626
Total noninterest income	2,546		4,323		4,696		1,541		13,106
Noninterest expenses
Salaries and employee benefits	11,090		3,403		2,509		1,458		18,460
Occupancy and equipment	1,903		573		368		151		2,995
Professional fees	1,572		552		71		227		2,422
Data processing	454		6,897		133		36		7,520
Advertising	795		470		35		71		1,371
Loan processing	650		24		54		251		979

Merger-related expenses	1,398		—		—		—		1,398
Operational and other card fraud related losses	100		833		—		—		933
Regulatory assessment expenses	860		15		6		3		884
Other operating	1,817		338		354		101		2,610
Total noninterest expenses	20,639		13,105		3,530		2,298		39,572
Net income (loss) before taxes	$	13,821	$	2,790	$	1,166	$	(678)	$	17,099

Total assets	$	3,211,421	$	129,397	$	25,936	$	21,908	$	3,388,662

_______________

(1) Gross government loan servicing revenue totaled $4.7 million, including $1.1 million of servicing fees earned from the Commercial Bank by WindsorTM, for the three months ended June 30, 2025.

(2) Loan servicing rights of negative $0.6 million for the Commercial Bank includes a $1.1 million negative fair value adjustment associated with loan servicing portfolio.


Segments
For the six months ended June 30, 2026
(in thousands)	Commercial Bank		OpenSky™		Windsor Advantage™		CBHL		Consolidated
Interest income	$	106,444	$	31,056	$	—	$	429	$	137,929
Interest expense	37,366		—		—		236		37,602
Net interest income	69,078		31,056		—		193		100,327
Provision for (release of) credit losses	(88)		6,687		—		—		6,599
Provision for credit losses on unfunded commitments	270		—		—		—		270
Net interest income after provision	68,896		24,369		—		193		93,458
Noninterest income
Service charges on deposits	812		—		—		—		812
Credit card fees	—		9,087		—		—		9,087
Mortgage banking revenue	694		—		—		2,822		3,516
Government lending revenue	2,130		—		—		—		2,130
Government loan servicing revenue(1)	(2,518)		—		12,166		—		9,648
Loan servicing rights (government guaranteed)	789		—		—		—		789
Other income	1,325		42		—		385		1,752
Total noninterest income	3,232		9,129		12,166		3,207		27,734
Noninterest expenses
Salaries and employee benefits	24,138		7,679		5,289		3,278		40,384
Occupancy and equipment	4,185		2,165		783		371		7,504
Professional fees	4,701		3,089		549		751		9,090
Data processing	997		14,090		126		105		15,318
Advertising	1,483		1,190		357		252		3,282
Loan processing	2,003		318		31		506		2,858

Merger-related expenses	—		—		—		—		—
Operational and other card fraud related losses	137		1,243		—		—		1,380
Regulatory assessment expenses	1,181		429		130		126		1,866
Other operating	2,417		1,354		1,163		251		5,185
Total noninterest expenses	41,242		31,557		8,428		5,640		86,867
Net income (loss) before taxes	$	30,886	$	1,941	$	3,738	$	(2,240)	$	34,325

Total assets	$	3,689,273	$	143,716	$	27,818	$	29,131	$	3,889,938

_______________

(1) Gross government loan servicing revenue totaled $12.2 million, including $2.5 million of servicing fees earned from the Commercial Bank by WindsorTM, for the six months ended June 30, 2026.


Segments
For the six months ended June 30, 2025
(in thousands)	Commercial Bank		OpenSky™		Windsor Advantage™		CBHL		Consolidated
Interest income	$	98,093	$	28,938	$	—	$	315	$	127,346
Interest expense	33,505		—		—		148		33,653
Net interest income	64,588		28,938		—		167		93,693
Provision for credit losses	1,605		4,722		—		—		6,327
Provision for credit losses on unfunded commitments	—		—		—		—		—
Net interest income after provision	62,983		24,216		—		167		87,366
Noninterest income
Service charges on deposits	520		—		—		—		520
Credit card fees	—		8,020		—		—		8,020
Mortgage banking revenue	728		—		—		2,857		3,585
Government lending revenue	4,208		—		—		—		4,208
Government loan servicing revenue(1)	(2,090)		—		9,302		—		7,212
Loan servicing rights (government guaranteed)	(118)		—		—		—		(118)
Other income	1,772		36		—		420		2,228
Total noninterest income	5,020		8,056		9,302		3,277		25,655
Noninterest expenses
Salaries and employee benefits	21,716		6,748		4,915		3,148		36,527
Occupancy and equipment	3,480		1,061		1,079		285		5,905
Professional fees	2,723		1,143		191		477		4,534
Data processing	894		13,479		186		73		14,632
Advertising	1,513		1,344		139		154		3,150
Loan processing	1,127		43		61		491		1,722

Merger-related expenses	2,664		—		—		—		2,664
Operational and other card fraud related losses	131		1,705		—		—		1,836
Regulatory assessment expenses	1,725		30		11		7		1,773
Other operating	3,226		854		608		194		4,882
Total noninterest expenses	39,199		26,407		7,190		4,829		77,625
Net income (loss) before taxes	$	28,804	$	5,865	$	2,112	$	(1,385)	$	35,396

Total assets	$	3,211,421	$	129,397	$	25,936	$	21,908	$	3,388,662

_______________

(1) Gross government loan servicing revenue totaled $9.3 million, including $2.1 million of servicing fees earned from the Commercial Bank by WindsorTM, for the six months ended June 30, 2025.


HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited
	Quarter Ended
(in thousands, except per share data)	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025
Earnings:
Net income	$	14,250		$	12,018		$	15,037		$	15,065		$	13,136
Earnings per common share, diluted	0.87			0.73			0.91			0.89			0.78
Net interest margin	5.64		%	5.71		%	5.94		%	6.36		%	6.04		%
Core net interest margin(2)	4.04		%	4.15		%	4.19		%	4.66		%	4.42		%
Return on average assets(1)	1.52		%	1.33		%	1.71		%	1.77		%	1.60		%
Return on average equity(1)	13.80		%	12.03		%	15.23		%	15.57		%	14.17		%
Efficiency ratio	66.14		%	69.59		%	62.32		%	60.79		%	65.14		%

Balance Sheet:
Total portfolio loans receivable, net deferred fees	$	3,085,950		$	3,026,431		$	2,959,457		$	2,821,983		$	2,739,808
Total deposits	3,371,103			3,292,047			3,093,200			2,912,053			2,940,738
Total assets	3,889,938			3,808,467			3,606,207			3,389,442			3,388,662
Total stockholders' equity	422,205			408,859			401,757			394,770			380,035
Total average portfolio loans receivable, net deferred fees	3,058,476			3,008,187			2,902,033			2,789,815			2,733,865
Total average deposits	3,243,978			3,130,392			2,992,784			2,917,067			2,841,153
Portfolio loans-to-deposit ratio (period-end balances)	91.54		%	91.93		%	95.68		%	96.91		%	93.17		%
Portfolio loans-to-deposit ratio (average balances)	94.28		%	96.10		%	96.97		%	95.64		%	96.22		%

Asset Quality Ratios:
Nonperforming assets to total assets	1.56		%	1.56		%	1.62		%	1.54		%	1.07		%
Nonperforming loans to total loans	1.85		%	1.83		%	1.84		%	1.85		%	1.32		%

Net charge-offs to average portfolio loans (1)	0.50		%	0.40		%	0.32		%	0.35		%	0.75		%

Allowance for credit losses to total loans	1.76		%	1.81		%	1.85		%	1.88		%	1.73		%

Allowance for credit losses to non-performing loans	95.51		%	98.67		%	100.44		%	101.53		%	131.19		%

Bank Capital Ratios:
Total risk based capital ratio(3)	12.60		%	12.52		%	12.60		%	12.95		%	13.13		%
Tier-1 risk based capital ratio(3)	11.34		%	11.26		%	11.34		%	11.69		%	11.87		%
Leverage ratio(3)	8.97		%	9.00		%	9.24		%	9.34		%	9.39		%
Common Equity Tier-1 capital ratio(3)	11.34		%	11.26		%	11.34		%	11.69		%	11.87		%
Tangible common equity(3)	8.47		%	8.40		%	8.75		%	9.06		%	8.84		%

Holding Company Capital Ratios:
Total risk based capital ratio(3)	14.47		%	14.25		%	14.31		%	15.25		%	15.30		%
Tier-1 risk based capital ratio(3)	13.21		%	12.99		%	13.05		%	13.62		%	13.66		%
Leverage ratio(3)	10.59		%	10.48		%	10.71		%	10.98		%	10.90		%
Common Equity Tier-1 capital ratio(3)	13.14		%	12.92		%	12.98		%	13.54		%	13.58		%
Tangible common equity(3)	9.86		%	9.73		%	10.07		%	10.60		%	10.22		%

_______________

(1)Annualized.

(2)Refer to Appendix for reconciliation of non-GAAP measures.

(3)Estimated ratio at June 30, 2026.


HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited (Continued)
	Quarter Ended
(in thousands, except per share data)	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025
Composition of Loans:

Commercial real estate, non owner-occupied	$	561,805		$	522,498		$	533,141		$	509,878		$	495,341
Commercial real estate, owner-occupied	424,109			428,632			418,701			442,827			436,421
Residential real estate	797,745			795,505			765,808			740,060			710,730
Construction real estate	370,710			365,706			359,566			344,290			343,189
Commercial and industrial	731,575			730,576			698,289			619,148			593,279
Lender finance	50,020			43,775			41,421			31,883			32,494
Business equity lines of credit	4,930			4,170			3,818			2,931			2,853
Credit card, net of reserve(4)	145,266			134,789			142,397			136,483			131,029
Other consumer loans	3,772			4,779			1,930			2,010			2,727
Portfolio loans receivable	$	3,089,932		$	3,030,430		$	2,965,071		$	2,829,510		$	2,748,063
Deferred origination fees, net	(3,982)			(3,999)			(5,614)			(7,527)			(8,255)
Portfolio loans receivable, net	$	3,085,950		$	3,026,431		$	2,959,457		$	2,821,983		$	2,739,808

Composition of Deposits:
Noninterest-bearing	$	897,363		$	871,677		$	852,741		$	857,543		$	836,979
Interest-bearing demand	391,544			341,723			257,233			275,767			319,431
Savings	23,077			21,471			11,679			12,835			12,879
Money markets	1,390,778			1,276,034			1,105,183			989,159			960,237
Customer time deposits	437,358			478,085			489,687			539,207			541,079
Brokered time deposits	230,983			303,057			376,677			237,542			270,133
Total deposits	$	3,371,103		$	3,292,047		$	3,093,200		$	2,912,053		$	2,940,738

Capital Bank Home Loan Metrics:
Origination of loans held for sale	$	106,885		$	72,933		$	107,283		$	80,651		$	80,334
Mortgage loans sold	87,059			52,423			82,998			66,409			59,663
Gain on sale of loans	2,362			1,496			2,145			1,698			1,597
Purchase volume as a % of originations	86.14		%	73.15		%	72.77		%	92.32		%	91.61		%
Gain on sale as a % of loans sold(5)	2.71		%	2.85		%	2.58		%	2.56		%	2.68		%
Mortgage commissions	$	947		$	594		$	899		$	656		$	501

OpenSky™ Portfolio Metrics:
Open customer accounts	588,594			588,190			585,492			587,641			585,372
Secured credit card loans, gross	$	96,026		$	90,021		$	97,313		$	98,793		$	100,037
Unsecured credit card loans, gross	51,234			46,574			47,131			39,576			32,715
Noninterest secured credit card deposits	166,174			165,506			163,184			166,874			168,936

_______________

(4)Credit card loans are presented net of reserve for interest and fees.

(5)Gain on sale percentage is calculated as gain on sale of loans divided by mortgage loans sold.

Appendix

Reconciliation of Non-GAAP Measures

The Company has presented the following non-GAAP (U.S. Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company’s results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company’s industry. Investors should recognize that the Company’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its condensed consolidated financial statements in their entirety.

Appendix

Reconciliation of Non-GAAP Measures


Core Earnings Metrics	Quarter 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 Deposits, Net of Tax	—			—			—			(3,489)			—
Add: Merger-Related Expenses, Net of Tax	—			—			—			575			1,070


Core Net Income	$	14,250		$	12,018		$	15,037		$	12,151		$	14,206

Weighted Average Common Shares - Diluted	16,373			16,441			16,493			16,844			16,802
Earnings per Share - Diluted	$	0.87		$	0.73		$	0.91		$	0.89		$	0.78
Core Earnings per Share - Diluted	$	0.87		$	0.73		$	0.91		$	0.72		$	0.85

Average Assets	$	3,761,511		$	3,651,812		$	3,498,540		$	3,378,296		$	3,292,533
Return on Average Assets(1)	1.52		%	1.33		%	1.71		%	1.77		%	1.60		%
Core Return on Average Assets(1)	1.52		%	1.33		%	1.71		%	1.43		%	1.73		%

Average Equity	$	414,044		$	405,302		$	391,750		$	383,922		$	371,795
Return on Average Equity(1)	13.80		%	12.03		%	15.23		%	15.57		%	14.17		%
Core Return on Average Equity(1)	13.80		%	12.03		%	15.23		%	12.56		%	15.33		%

Net Interest Income	$	50,929		$	49,398		$	50,279		$	52,020		$	47,646
Noninterest Income	14,361			13,373			12,464			11,068			13,106
Total Revenue	$	65,290		$	62,771		$	62,743		$	63,088		$	60,752
Noninterest Expense	43,186			43,681			39,103			38,354			39,572
Efficiency Ratio(2)	66.1		%	69.6		%	62.3		%	60.8		%	65.1		%

Net Interest Income	$	50,929		$	49,398		$	50,279		$	52,020		$	47,646
Deduct: Income from the Call of Brokered Time Deposits	—			—			—			4,618			—
Core Net Interest Income (a)	$	50,929		$	49,398		$	50,279		$	47,402		$	47,646
Noninterest Income (b)	14,361			13,373			12,464			11,068			13,106


Core Revenue (a) + (b)	$	65,290		$	62,771		$	62,743		$	58,470		$	60,752

Noninterest Expense	$	43,186		$	43,681		$	39,103		$	38,354		$	39,572
Less: Merger-Related Expenses	—			—			—			697			1,398
Core Noninterest Expense	$	43,186		$	43,681		$	39,103		$	37,657		$	38,174
Core Efficiency Ratio(2)	66.1		%	69.6		%	62.3		%	64.4		%	62.8		%

_______________

(1)Annualized.

(2)The efficiency ratio is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income).

Appendix

Reconciliation of Non-GAAP Measures


Core Earnings Metrics	Six Months Ended
(in thousands, except per share data)	June 30, 2026			June 30, 2025

Net Income	$	26,268		$	27,068

Add: Merger-Related Expenses, Net of Tax	—			2,034


Core Net Income	$	26,268		$	29,102

Weighted Average Common Shares - Diluted	16,404			16,872
Earnings per Share - Diluted	$	1.60		$	1.60
Core Earnings per Share - Diluted	$	1.60		$	1.72

Average Assets	$	3,706,965		$	3,257,443
Return on Average Assets(1)	1.43		%	1.68		%
Core Return on Average Assets(1)	1.43		%	1.80		%

Average Equity	$	409,697		$	367,479
Return on Average Equity(1)	12.93		%	14.85		%
Core Return on Average Equity(1)	12.93		%	15.97		%

Net Interest Income	$	100,327		$	93,693
Noninterest Income	27,734			25,655
Total Revenue	$	128,061		$	119,348
Noninterest Expense	86,867			77,625
Efficiency Ratio(2)	67.8		%	65.0		%

Net Interest Income (a)	$	100,327		$	93,693


Noninterest Income (b)	27,734			25,655


Core Revenue (a) + (b)	$	128,061		$	119,348

Noninterest Expense	$	86,867		$	77,625
Less: Merger-Related Expenses	—			2,664
Core Noninterest Expense	$	86,867		$	74,961
Core Efficiency Ratio(2)	67.8		%	62.8		%

_______________

(1)Annualized.

(2)The efficiency ratio is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income).

Appendix

Reconciliation of Non-GAAP Measures


Core Net Interest Margin	Quarter Ended
(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025

Net Interest Income	$	50,929	$	49,398	$	50,279	$	52,020	$	47,646
Less: Credit Card Loan Income	15,808		14,882		16,196		15,386		14,116
Net Interest Income Excluding Credit Card	35,121		34,516		34,083		36,634		33,530
Average Interest Earning Assets	3,619,887		3,509,115		3,360,576		3,246,653		3,163,421
Less: Average Credit Card Loans	137,052		133,712		133,858		129,100		121,414
Average Core Interest Earning Assets	$	3,482,835	$	3,375,403	$	3,226,718	$	3,117,553	$	3,042,007
Core Net Interest Margin	4.04%		4.15%		4.19%		4.66%		4.42%



Core Net Interest Margin	Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025

Net Interest Income	$	100,327	$	93,693
Less: Credit Card Loan Income	30,690		28,264
Core Net Interest Income	69,637		65,429
Average Interest Earning Assets	3,564,808		3,125,891
Less: Average Credit Card Loans	135,391		120,076
Average Core Interest Earning Assets	$	3,429,417	$	3,005,815
Core Net Interest Margin	4.09%		4.39%


Core Loan Yield	Quarter Ended
(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025

Portfolio Loans Receivable Interest Income	$	65,110	$	64,009	$	64,670	$	60,610	$	60,647
Less: Credit Card Loan Income	15,808		14,882		16,196		15,386		14,116
Core Portfolio Loans Receivable Interest Income	$	49,302	$	49,127	$	48,474	$	45,224	$	46,531
Average Portfolio Loans Receivable	3,058,476		3,008,187		2,902,033		2,789,815		2,733,865
Less: Average Credit Card Loans	137,052		133,712		133,858		129,100		121,414
Total Core Average Portfolio Loans Receivable	$	2,921,424	$	2,874,475	$	2,768,175	$	2,660,715	$	2,612,451
Core Portfolio Loans Receivable Yield	6.77%		6.93%		6.95%		6.74%		7.14%



Core Loan Yield	Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025

Portfolio Loans Receivable Interest Income	$	129,119	$	119,100
Less: Credit Card Loan Income	30,690		28,264
Core Portfolio Loans Receivable Interest Income	$	98,429	$	90,836
Average Portfolio Loans Receivable	3,033,470		2,684,263
Less: Average Credit Card Loans	135,391		120,076
Total Core Average Portfolio Loans Receivable	$	2,898,079	$	2,564,187
Core Portfolio Loans Receivable Yield	6.85%		7.14%

Appendix

Reconciliation of Non-GAAP Measures


Pre-tax, Pre-Provision Net Revenue ("PPNR")	Quarter 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: Income Tax Expense	4,204		3,853		4,644		4,802		3,963
Add: Provision for Credit Losses	3,585		3,014		3,988		4,650		4,081
Add: Provision for (Release of) Credit Losses on Unfunded Commitments	65		205		(29)		217		—
Pre-tax, Pre-Provision Net Revenue ("PPNR")	$	22,104	$	19,090	$	23,640	$	24,734	$	21,180



Pre-tax, Pre-Provision Net Revenue ("PPNR")	Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025

Net Income	$	26,268	$	27,068
Add: Income Tax Expense	8,057		8,328
Add: Provision for Credit Losses	6,599		6,327
Add: Provision for Credit Losses on Unfunded Commitments	270		—
Pre-tax, Pre-Provision Net Revenue ("PPNR")	$	41,194	$	41,723


Core PPNR	Quarter 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: Income Tax Expense	4,204		3,853		4,644		4,802		3,963
Add: Provision for Credit Losses	3,585		3,014		3,988		4,650		4,081
Add: Provision for (Release of) Credit Losses on Unfunded Commitments	65		205		(29)		217		—
Deduct: Income from the Call of Brokered Time Deposits	—		—		—		(4,618)		—
Add: Merger-Related Expenses	—		—		—		697		1,398

Core PPNR	$	22,104	$	19,090	$	23,640	$	20,813	$	22,578



Core PPNR	Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025

Net Income	$	26,268	$	27,068
Add: Income Tax Expense	8,057		8,328
Add: Provision for Credit Losses	6,599		6,327
Add: Provision for Credit Losses on Unfunded Commitments	270		—

Add: Merger-Related Expenses	—		2,664

Core PPNR	$	41,194	$	44,387

Appendix

Reconciliation of Non-GAAP Measures


Allowance for Credit Losses to Total Portfolio Loans	Quarter Ended
(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025

Allowance for Credit Losses	$	54,431	$	54,680	$	54,660	$	53,045	$	47,447
Total Portfolio Loans	3,085,950		3,026,431		2,959,457		2,821,983		2,739,808
Allowance for Credit Losses to Total Portfolio Loans	1.76%		1.81%		1.85%		1.88%		1.73%


Commercial Bank Allowance for Credit Losses to Commercial Bank Portfolio Loans	Quarter Ended
(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025

Allowance for Credit Losses	$	54,431	$	54,680	$	54,660	$	53,045	$	47,447
Less: Credit Card Allowance for Credit Losses	8,904		7,802		8,232		7,413		6,762
Commercial Bank Allowance for Credit Losses	$	45,527	$	46,878	$	46,428	$	45,632	$	40,685
Total Portfolio Loans	3,085,950		3,026,431		2,959,457		2,821,983		2,739,808
Less: Gross Credit Card Loans	141,446		131,887		137,905		130,897		126,233
Commercial Bank Portfolio Loans	$	2,944,504	$	2,894,544	$	2,821,552	$	2,691,086	$	2,613,575
Commercial Bank Allowance for Credit Losses to Commercial Bank Portfolio Loans	1.55%		1.62%		1.65%		1.70%		1.56%


Nonperforming Assets to Total Assets	Quarter Ended
(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025

Total Nonperforming Assets	$	60,843	$	59,273	$	58,276	$	52,247	$	36,167
Total Assets	3,889,938		3,808,467		3,606,207		3,389,442		3,388,662
Nonperforming Assets to Total Assets	1.56%		1.56%		1.62%		1.54%		1.07%


Nonperforming Loans to Total Portfolio Loans	Quarter Ended
(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025

Total Nonperforming Loans	$	56,987	$	55,417	$	54,421	$	52,247	$	36,167
Total Portfolio Loans	3,085,950		3,026,431		2,959,457		2,821,983		2,739,808
Nonperforming Loans to Total Portfolio Loans	1.85%		1.83%		1.84%		1.85%		1.32%

Appendix

Reconciliation of Non-GAAP Measures


Net Charge-Offs to Average Portfolio Loans	Quarter 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		3,008,187		2,902,033		2,789,815		2,733,865
Net Charge-Offs to Average Portfolio Loans, Annualized	0.50%		0.40%		0.32%		0.35%		0.75%



Net Charge-offs to Average Portfolio Loans	Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025

Total Net Charge-Offs	$	6,828	$	7,532
Total Average Portfolio Loans	3,033,470		2,684,263
Net Charge-Offs to Average Portfolio Loans, Annualized	0.45%		0.57%


Tangible Book Value per Share	Quarter Ended
(in thousands, except share and per share data)	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 Assets	40,219		40,480		40,740		41,002		37,773
Tangible Common Equity	$	381,986	$	368,379	$	361,017	$	353,768	$	342,262
Period End Shares Outstanding	16,289,288		16,286,480		16,373,288		16,589,241		16,581,990
Tangible Book Value per Share	$	23.45	$	22.62	$	22.05	$	21.33	$	20.64


Return on Average Tangible Common Equity	Quarter 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			199			200
Net Tangible Income	$	14,451		$	12,215		$	15,237		$	15,264		$	13,336
Average Equity	414,044			405,302			391,750			383,922			371,795
Less: Average Intangible Assets	40,377			40,628			40,884			37,706			39,534
Net Average Tangible Common Equity	$	373,667		$	364,674		$	350,866		$	346,216		$	332,261
Return on Average Equity	13.80		%	12.03		%	15.23		%	15.57		%	14.17		%
Return on Average Tangible Common Equity	15.51		%	13.58		%	17.23		%	17.49		%	16.10		%



Return on Average Tangible Common Equity	Six Months Ended
(in thousands)	June 30, 2026			June 30, 2025

Net Income	$	26,268		$	27,068
Add: Intangible Amortization, Net of Tax	399			399
Net Tangible Income	$	26,667		$	27,467
Average Equity	409,697			367,479
Less: Average Intangible Assets	40,502			38,232
Net Average Tangible Common Equity	$	369,195		$	329,247
Return on Average Equity	12.93		%	14.85		%
Return on Average Tangible Common Equity	14.57		%	16.82		%

Appendix

Reconciliation of Non-GAAP Measures


Core Return on Average Tangible Common Equity	Quarter Ended
(in thousands)	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025

Core Net Income	$	14,250		$	12,018		$	15,037		$	12,151		$	14,206
Add: Intangible Amortization, Net of Tax	201			197			200			199			200
Core Net Tangible Income	$	14,451		$	12,215		$	15,237		$	12,350		$	14,406

Core Return on Average Tangible Common Equity	15.51		%	13.58		%	17.23		%	14.15		%	17.39		%



Core Return on Average Tangible Common Equity	Six Months Ended
(in thousands)	June 30, 2026			June 30, 2025

Core Net Income	$	26,268		$	29,102
Add: Intangible Amortization, Net of Tax	399			399
Core Net Tangible Income	$	26,667		$	29,501

Core Return on Average Tangible Common Equity	14.57		%	18.07		%

ABOUT CAPITAL BANCORP, INC.

Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in four locations in the Washington, D.C., and Baltimore, Maryland metropolitan markets, one bank branch in Fort Lauderdale, Florida, one bank branch in Chicago, Illinois and one bank branch in Raleigh, North Carolina. Capital Bancorp had assets of approximately $3.9 billion at June 30, 2026 and its common stock is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company's website www.CapitalBankMD.com under its investor relations page.

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, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” "optimistic," “intends” and similar words or phrases. Any or all of the forward-looking statements in this earnings release may turn out to be inaccurate. The inclusion of forward-looking information in this earnings release should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not a guarantee of future performance and that actual results may prove to be materially different from the results expressed or implied by the forward-looking statements due to a number of factors. For details on some of the factors that could affect these expectations, see risk factors and other cautionary language included in the Company's Annual Report on Form 10-K and other periodic and current reports filed with the Securities and Exchange Commission.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors that could cause actual results to differ materially from those contained or implied in the forward-looking statements: the strength of the United States (“U.S.”) economy in general and the strength of the local economies in

which we conduct operations; geopolitical concerns, including acts or threats of terrorism and the ongoing wars in Iran and Ukraine; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market, and monetary fluctuations; volatility and disruptions in global capital and credit markets; changes in U.S. trade policies, including the implementation of tariffs and other protectionist trade policies; the effects of federal government shutdowns, debt ceiling standoff, or other fiscal policy uncertainty; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services; the impact of changes in financial services policies, laws, and regulations, including those concerning taxes, banking, securities, and insurance, and the application thereof by regulatory bodies; cybersecurity threats and the cost of defending against them; climate change, and other catastrophic disasters; the effectiveness of the Company's internal control over financial reporting and disclosure controls and procedures; the Company’s ability to remediate the material weakness in the Company’s internal control over financial reporting; the effect of the IFH acquisition or any other acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations, including the planned growth of Windsor AdvantageTM; and other factors that may affect our future results.

These forward-looking statements are made as of the date of this communication, and the Company does not intend, and assumes no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by law.

FINANCIAL CONTACT: Jake Dalaya (301) 637-5118

MEDIA CONTACT: Ed Barry (240) 283-1912

WEB SITE: www.CapitalBankMD.com

2Q 2026 Investor Overview

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, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” "optimistic," “intends” and similar words or phrases. Any or all of the forward-looking statements in this presentation may turn out to be inaccurate. The inclusion of forward-looking information in this presentation should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not a guarantee of future performance and that actual results may prove to be materially different from the results expressed or implied by the forward-looking statements due to a number of factors. For details on some of the factors that could affect these expectations, see risk factors and other cautionary language included in the Company's Annual Report on Form 10-K and other periodic and current reports filed with the Securities and Exchange Commission. While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: the strength of the United States (“U.S.”) economy in general and the strength of the local economies in which we conduct operations; geopolitical concerns, including acts or threats of terrorism and the ongoing wars in Israel, Iran and Ukraine; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market, and monetary fluctuations; volatility and disruptions in global capital and credit markets; changes in U.S. trade policies, including the implementation of tariffs and other protectionist trade policies; the effects of federal government shutdowns, debt ceiling standoff, or other fiscal policy uncertainty; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services; the impact of changes in financial services policies, laws, and regulations, including those concerning taxes, banking, securities, and insurance, and the application thereof by regulatory bodies; cybersecurity threats and the cost of defending against them; climate change, and other catastrophic disasters; the effectiveness of the Company's internal control over financial reporting and disclosure controls and procedures; the Company’s ability to remediate the material weakness in the Company’s internal control over financial reporting; the effect of the IFH acquisition or any other acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations, including the planned growth of Windsor AdvantageTM; and other factors that may affect our future results. Except as otherwise indicated, this presentation speaks as of the date hereof. The delivery of this presentation shall not, under any circumstances, create any implication that there has been no change in the affairs of the Company after the date hereof. Certain of the information contained herein may be derived from information provided by industry sources. The Company believes that such information is accurate and that the sources from which it has been obtained are reliable. The Company cannot guarantee the accuracy of such information, however, and has not independently verified such information. While the Company is not aware of any misstatements regarding the industry data presented in this presentation, the Company’s estimates involve risks and uncertainties and are subject to change based on various factors. Similarly, the Company believes that its internal research is reliable, even though such research has not been verified by independent sources. Non-U.S. GAAP Financial Measures This presentation may include certain non–U.S. generally accepted accounting principles ("GAAP") financial measures intended to supplement, not substitute for, comparable GAAP measures. These non-GAAP financial measures should not be considered in isolation, and should be considered as additions to, and not substitutes for or superior to, measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of the Company's non-GAAP financial measures as tools for comparison. If included in this presentation, see the Appendix to this presentation for a reconciliation of the non-GAAP financial measures used in (or conveyed orally during) this presentation to their most directly comparable GAAP financial measures. Core Financial Measures As used in this presentation, core net income, core fee revenue, core ROA, core ROE, ROTCE, core ROTCE, Core NIM, Core Loan Yield, Commercial Bank ACL Coverage Ratio, and Tangible Book Value are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of income from the call of brokered time deposits, merger-related expenses and certain other pre-tax adjustments which are not indicative of operating performance and tax impacts of such adjustments. Reconciliations of these and other non-GAAP measures to their comparable GAAP measures are set forth in the Appendix to this presentation. 2

CBNK Continued Strong Growth With Accelerated Investment Underway (1) Performance metrics and growth rates are annualized throughout this presentation unless otherwise noted (2) Balances through July 15th are preliminary and unaudited. They have not been subject to customary reconciliations and may not be indicative of final balances at quarter end. (3) Refer to Appendix for reconciliation of non-GAAP measures  Loan growth of $59.5mm, 7.9% (annualized)  Growth through July 15th(2) of $159.2mm YTD, or 10.0% annualized  Deposit growth of $79.1mm, 9.6% (annualized)  Growth through July 15th(2) of $165.3mm YTD, or 10.0% annualized  Customer Deposit growth of 20.3% (annualized), while reducing brokered deposits by 23.8%  NIM of 5.64%; Core NIM(3) of 4.04%  Fee Revenue growth of $1.0mm, or 29.6% (annualized), with contributions from nearly every major fee category  ROA of 1.52%; ROTCE of 15.51%  Tangible Book Value per share of $23.45, an increase of 14.7%  The Company declared a cash dividend on its common stock of $0.14 per share, a 16.7% increase from the prior quarter Q2 2026 Highlights(1) Net Income $14.3mm Loan Growth (annualized) 7.9% Customer Deposit Growth (annualized) 20.3% ROA 1.52% ROTCE 15.51% Q2 2026 3

(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% Quarterly Financial Performance(1) 2Q26 1Q26 QoQ 2Q25 YoY Earnings per Share, Diluted 0.87$ 0.73$ 19.2% 0.78$ 11.3% Core Earnings per Share, Diluted(2) 0.87$ 0.73$ 19.2% 0.85$ 2.9% Book Value per Share 25.92$ 25.10$ 3.3% 22.92$ 13.1% Tangible Book Value per Share(2) 23.45$ 22.62$ 3.7% 20.64$ 13.6% Return on Average Assets (“ROA”) 1.52% 1.33% 19 bps 1.60% -8 bps Core ROA(2) 1.52% 1.33% 19 bps 1.73% -21 bps Return on Average Tangible Common Equity (“ROTCE”)(2) 15.51% 13.58% 193 bps 16.10% -59 bps Core ROTCE(2) 15.51% 13.58% 193 bps 17.39% -188 bps Efficiency Ratio 66.14% 69.59% -344 bps 65.14% 101 bps Core Efficiency Ratio(2) 66.14% 69.59% -344 bps 62.84% 331 bps Net Interest Margin 5.64% 5.71% -7 bps 6.04% -40 bps Core Net Interest Margin(2) 4.04% 4.15% -11 bps 4.42% -38 bps 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 inclusion in R2000 OpenSky® accounts exceed 168,000 1999 2002 2011 2012 2017 2018 Originated $371 million SBA-PPP loans (2020 & 2021) 2020 Assets exceed $2 billion OpenSky® accounts exceed 700,000 Dividend initiated 2021 (1) Performance metrics are annualized throughout this presentation (2) Refer to Appendix for reconciliation of non-GAAP measures Assets exceed $3.2 billion Capital Bank completes acquisition of IFH 2024 4

$3.4Bn Q2 ‘26 Servicing Portfolio $6.6mm Q2 ‘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 complements USDA / SBA gain on sale revenue within commercial bank • Poised to benefit from higher industry-wide SBA volumes CBNK Business Model is Uniquely Diversified Source: Company Documents. Note: CBNK financial metrics as of June 30, 2026 unless otherwise stated. 1 Volume in FY 2021 was approximately $1.0 billion and volume in FY 2022 was approximately $300 million. 2 Credit card loans are presented net of reserve for interest and fees. 3 Includes $1.3 million of Capital Bank related servicing fees 4 Excludes $1.8 million loss in Capital Bank Home Loans, $1.4 million of net income in Church Street Capital and $0.2mm of other income. 5 Excludes $0.9 million of net loss in Capital Bank Home Loans. Commercial Bank OpenSky Windsor Advantage Commercial Banking Government Guaranty Lending (GGL) • Nationwide GGL business with niche expertise in Solar and Renewable Energy • Strong C&I pipeline with proven ability to originate $150+ million per year of loans $2.9Bn Portfolio Gross Loans, ex. OpenSky $3.0Bn Customer Deposits • Focused on our core markets and filling out our national deposit vertical strategy • High value-added services and targeted vertical expertise generates above-average risk-adjusted loan yields • The Commercial Banking division operates within a corridor extending from Raleigh, North Carolina to Delaware, with seven full-service banking locations, four of which are in the DMV Metropolitan Statistical Area (“MSA”), and its locations in Ft. Lauderdale, Florida in the Miami Metro Area MSA, and in Chicago, Illinois in the Chicago MSA $36.4mm Q2‘26 Revenue Fully-Allocated Illustrative Net Income Contribution 5 $106.9mm Q2 ‘26 Volume1 $1.9mm Q2 ‘26 Revenue • Nationwide lender, primarily mortgage banking; Certain retained loans within DMV area • Gain on sale margin returning to normalized levels; Well-positioned for rate changes • Expense management delivering profitability on a marginal basis while maintaining robust origination capabilities • Natural hedge against modest structural asset sensitivity of the balance sheet $166mm Deposits $145.3mm Loans, net2 • Nationwide, secured credit card to help under-banked customers (re)establish their credit with opportunities for graduation into unsecured credit • Building capabilities to cross-sell products and services as card-holders progress on their customer journeys • Extend unsecured to graduating customers and building capabilities for a direct-to-unsecured product • Have begun testing limited offers to new customers; activity remains insignificant to overall portfolio and balances expected to remain de minimis through year end as management monitors performance $20.4mm Q2’26 Revenue Capital Bank Home Loans OpenSky Windsor Advantage FY 2023 4 Q2 2026 5

Financial Information

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 and Deposit Rate Trends Cumulative Downcycle Betas (3) Deposit betas are cumulative for the current cycle easing rate cycle (since August 2024); Interest-bearing Deposit Betas include Brokered CD’s (4) Loan yields and deposit rate trends include net purchase accounting adjustments Note: 3Q 2025 includes the $4.6 million (56 bps of NIM or 59 bps of Core NIM) Call of Brokered Time Deposits and $1.3 million (16 bps of NIM or 17 bps of Core NIM) Interest Income Adjustment. Excluding these items, 3Q 2025 NIM would have been 5.96% and Core NIM would have been 4.24%. Net PAA Contribution to Core NIM $1.3mm or 16bps $0.9mm or 11bps $0.2mm or 2bps $0.4mm or 5bps $0.3mm or 4bps Core NIM(1) excluding change in net PAA, FAS 91 and NPAs was 4.10% for 2Q26 Core Loan Yield(1) excluding change in net PAA, FAS 91, and NPAs was 6.86% for 2Q26

Core Fee Revenue $ in t ho us an d s 8 $4,323 $4,476 $4,847 $4,704 $4,425 $1,541 $1,762 $1,784 $1,378 $1,829 $(566) $(509) $845 $761 $341 $3,112 $923 $1,207 $4,696 $5,339 $4,988 $5,607 $6,559 21.6% 18.9% 19.9% 21.3% 22.0% 2Q25 3Q25 4Q25 1Q26 2Q26 OpenSky CBHL Commercial Bank GGL Windsor Advantage Other(1)

Noninterest Expense $ in t ho us an d 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 OpenSkyTM unsecured card, OpenSkyTM card partnerships, data infrastructure, and back-office support to enhance scalability and long-term growth  Continued investment in planned headcount growth across the Company $18,460 $17,728 $17,914 $20,317 $20,067 $2,995 $2,849 $2,638 $3,562 $3,942 $2,422 $2,131 $4,294 $4,965 $4,125 $7,520 $7,654 $7,502 $7,767 $7,551 $1,371 $1,714 $1,398 $1,466 $1,816 $5,406 $5,581 $5,356 $5,604 $5,685 $1,398 $697 $39,572 $38,354 $39,103 $43,681 $43,186 62.8% 64.4% 62.3% 69.6% 66.1% 2Q25 3Q25 4Q25 1Q26 2Q26 Salaries and employee benefits Occupancy and equipment Professional fees Data processing Advertising Other expense Merger-related expenses Core Efficiency Ratio

Profitability(1) 10 (1) Annualized Note: Refer to Appendix for reconciliation of Core, non-GAAP measures.

Cash & Cash Equivalents… Portfolio Loans (gross) 79% AFS Securities Portfolio 6% Other Assets 4% Asset Composition 2Q26 Total Assets: $3.9B Balance Sheet Composition Commentary • Gross loan growth of $59.5 million, or 7.9% (annualized), during 2Q26. • Compared to March 31, 2026, growth was primarily driven by $34.8 million from CRE, $10.5 million Open Sky Card and $5.0 million from construction real estate. • C&l loans, plus owner-occupied CRE loans, totaled 37.4% of total portfolio loans at June 30, 2026, 38.3% for the prior quarter, and 37.6% at June 30, 2025. 11 (1) Other is comprised of lender finance of $43.8 million, business equity lines of credit of $4.2 million, other consumer loans of $4.8 million and deferred origination fees, net of $4.0 million. Note: Portfolio loans are presented net of deferred fees and costs of $4.0 million. Credit Card loans are presented net of reserve for interest and fees. C&I + OO-CRE represents 37% of total Portfolio Loans

Composition of Deposits Commentary • Total deposits increased $79.1 million, or 9.6% (annualized) from 1Q26; Excluding $72.1 million of intentional brokered deposit decline tied to lower liquidity needs, total customer deposits increased $151.1 million or 20.3% annualized • Reduced brokered deposits by 23.8% (annualized) • Loans-to-deposit ratio of 91.5%. • The total cost of deposits of 2.29% for 2Q 2026 decreased 5 bps compared to the prior quarter and decreased 7 bps year-over-year. • The total cost of interest-bearing deposits decreased 8 bps quarter-over-quarter, and decreased 20 bps year-over-year, to 3.09% for 2Q 2026. • Insured and protected deposits were approximately $2.2 billion as of June 30, 2026 representing 66.6% of the Company's deposit portfolio. 12 (1) Annualized (in thousands) Deposits: Balance % of Total Deposits Average Rate(1) Noninterest-bearing 897,363$ 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 deposits 668,341 19.8% 3.80% Total deposits 3,371,103$ 100.0% 2.29% As of or For the Three Months Ended June 30, 2026

Investment Portfolio and Liquidity Investment Securities Portfolio • Classified as available for sale with a fair market value of $219.9 million, or 5.7% of total assets, with an effective duration of 2.5 years. • U.S. Treasuries represent 60% of the overall investment portfolio. • The accumulated other comprehensive loss on the investment securities portfolio of $6.3 million represents 1.5% of total stockholders’ equity and $0.39 of TBVPS. • The Company does not have a held to maturity investment securities portfolio. 13 High Quality, Low Risk Investment Portfolio Sources of Liquidity at June 30, 2026: • $699 million of collateralized lines of credit include: • $572 million of available borrowing capacity from the FHLB. • $127 million of available borrowing capacity from the Federal Reserve Bank of Richmond’s discount window. • Available lines of credit with other correspondent banks totaled $96 million. • Unpledged investment securities available as collateral for potential additional borrowings totaled $6.2 million. Significant Liquidity Capacity $ in m ill io n s

Credit Metrics 14 (1) Refer to Appendix for reconciliation of non-GAAP measures. 3 loan relationships accounted for 37% of non-performing loans in 2Q26 3 loan relationships accounted for 35% of NPAs in 2Q26 Excluding nonaccrual loans from one loan relationship, NPAs would have been 1.31% Excluding nonaccrual loans from one loan relationship, NPLs would have been 1.53%

Robust Capital Ratios 15 Note: Ratios presented are for Capital Bank unless otherwise noted (1) Estimated ratio at June 30, 2026

Share Appreciation Outperforms Industry 16 Share Price Change Since CBNK IPO on 9/26/20181TBVPS + Dividend Growth Since 2018Q3 100%+ Outperformance vs. both groups 155%+ Outperformance vs. both groups Source: S&P Global Market Intelligence; FactSet. Note: Market data as of 7/22/2026. 1 CBNK IPO price of $12.50 used as starting price for price change calculation. 2 Select banks with assets between $1.5 billion and $5.0 billion in the Mid-Atlantic (North of Richmond) and New England Region. (ACNB, BCBP, BPRN, BWFG, FRBA, FRST, FVCB, HNVR, JMSB, MNSB, MRBK, MVBF, PKBK, UNTY). 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 200% CAGR % Change CBNK 15.7% 210% KBW NASDAQ Regional Banking Index 10.1% 110% Selected Banks2 Median 8.7% 91% 58.48% (60%) (40%) (20%) 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% % Change CBNK 184% KBW NASDAQ Regional Banking Index 29% Selected Banks2 Median 26%

Jake Dalaya Chief Financial Officer (301)-637-5118 NASDAQ: CBNK

Non-U.S. GAAP Financial Measures

Core Earnings Metrics (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 Deposits, Net of Tax - - - (3,489) - Add: Merger-Related Expenses, Net of Tax - - - 575 1,070 Core Net Income 14,250$ 12,018$ 15,037$ 12,151$ 14,206$ Weighted average common shares - Diluted 16,373 16,441 16,493 16,844 16,802 Earnings per share - Diluted 0.87$ 0.73$ 0.91$ 0.89$ 0.78$ Core Earnings per share - Diluted 0.87$ 0.73$ 0.91$ 0.72$ 0.85$ Average Assets 3,761,511$ 3,651,812$ 3,498,540$ 3,378,296$ 3,292,533$ Return on Average Assets(1) 1.52% 1.33% 1.71% 1.77% 1.60% Core Return on Average Assets(1) 1.52% 1.33% 1.71% 1.43% 1.73% Average Equity 414,044$ 405,302$ 391,750$ 383,922$ 371,795$ Return on Average Equity(1) 13.80% 12.03% 15.23% 15.57% 14.17% Core Return on Average Equity(1) 13.80% 12.03% 15.23% 12.56% 15.33% Net Interest Income 50,929$ 49,398$ 50,279$ 52,020$ 47,646$ Noninterest Income 14,361 13,373 12,464 11,068 13,106 Total Revenue 65,290$ 62,771$ 62,743$ 63,088$ 60,752$ Noninterest Expense 43,186 43,681 39,103 38,354 39,572 Efficiency Ratio(2) 66.1% 69.6% 62.3% 60.8% 65.1% Net Interest Income 50,929$ 49,398$ 50,279$ 52,020$ 47,646$ Deduct: Income from the Call of Brokered Time Deposits - - - 4,618 - Core Net Interest Income (a) 50,929$ 49,398$ 50,279$ 47,402$ 47,646$ Noninterest Income (b) 14,361 13,373 12,464 11,068 13,106 Core Revenue (a) + (b) 65,290$ 62,771$ 62,743$ 58,470$ 60,752$ Noninterest Expense 43,186 43,681 39,103 38,354 39,572 Less: Merger-Related Expenses -$ -$ -$ 697$ 1,398$ Core Noninterest Expense 43,186$ 43,681$ 39,103$ 37,657$ 38,174$ Core Efficiency Ratio(2) 66.1% 69.6% 62.3% 64.4% 62.8% (1) Annualized (2) The efficiency ratio is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income). Quarters Ended Reconciliation of Non-GAAP Information 19

Reconciliation of Non-GAAP Information 20 Tangible Book Value Per Share (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 assets 40,219 40,480 40,740 41,002 37,773 Tangible Common Equity 381,986$ 368,379$ 361,017$ 353,768$ 342,262$ Period End Shares Outstanding 16,289,888 16,286,480 16,373,288 16,589,241 16,581,990 Tangible Book Value Per Share 23.45$ 22.62$ 22.05$ 21.33$ 20.64$ Core Net Interest Margin(1) (in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net Interest Income 50,929$ 49,398$ 50,279$ 52,020$ 47,646$ Less: Credit Card Loan Income 15,808$ 14,882$ 16,196$ 15,386$ 14,116$ Net Interest Income Excluding Credit Card 35,121$ 34,516$ 34,083$ 36,634$ 33,530$ Average Interest Earning Assets 3,619,887 3,509,115 3,360,576 3,246,653 3,163,421 Less: Average Credit Card Loans 137,052 133,712 133,858 129,100 121,414 Average Core Interest Earning Assets 3,482,835$ 3,375,403$ 3,226,718$ 3,117,553$ 3,042,007$ Core Net Interest Margin 4.04% 4.15% 4.19% 4.66% 4.42% (1) Annualized Core Loan Yield(1) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Portfolio Loans Receivable Interest Income 65,110$ 64,009$ 64,670$ 60,610$ 60,647$ Less: Credit Card Loan Income 15,808$ 14,882$ 16,196$ 15,386$ 14,116$ Core Portfolio Loans Receivable Interest Income 49,302$ 49,127$ 48,473$ 45,223$ 46,531$ Average Portfolio Loans Receivable 3,058,476 3,008,187 2,902,033 2,789,815 2,733,865 Less: Average Credit Card Loans 137,052 133,712 133,858 129,100 121,414 Total Core Average Portfolio Loans Receivable 2,921,424$ 2,874,475$ 2,768,175$ 2,660,715$ 2,612,451$ Core Portfolio Loans Receivable Yield 6.77% 6.93% 6.95% 6.74% 7.14% (1) Annualized Quarters Ended Quarters Ended Quarters Ended

Reconciliation of Non-GAAP Information 21 Return on Average Tangible Common Equity (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 201 197 200 199 200 Net Tangible Income 14,451$ 12,215$ 15,237$ 15,264$ 13,336$ Average Equity 414,044 405,302 391,750 383,922 371,795 Less: Average Intangible Assets 40,377 40,628 40,884 37,706 39,534 Net Average Tangible Common Equity 373,667$ 364,674$ 350,866$ 346,216$ 332,261$ Return on Average Equity 13.80% 12.03% 15.23% 15.57% 14.17% Return on Average Tangible Common Equity 15.51% 13.58% 17.23% 17.49% 16.10% Core Return on Average Tangible Common Equity (in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net Income, as Adjusted 14,250$ 12,018$ 15,037$ 12,151$ 14,206$ Add: Intangible Amortization, net of tax 201 197 200 199 200 Core Net Tangible Income 14,451$ 12,215$ 15,237$ 12,350$ 14,406$ Core Return on Average Tangible Common Equity 15.51% 13.58% 17.23% 14.15% 17.39% Quarters Ended Quarters Ended

Net Charge-offs to Average Portfolio Loans(1) (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 3,008,187 2,902,033 2,789,815 2,733,865 Net Charge-offs to Average Portfolio Loans(1) 0.50% 0.40% 0.32% 0.35% 0.75% Nonperforming Loans to Total Portfolio Loans (in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Total Nonperforming Loans 56,987$ 55,417$ 54,421$ 52,247$ 36,167$ Total Portfolio Loans 3,085,950 3,026,431 2,959,457 2,821,983 2,739,808 Nonperforming Loans to Total Portfolio Loans 1.85% 1.83% 1.84% 1.85% 1.32% Allowance for Credit Losses to Total Portfolio Loans (in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Allowance for Credit Losses 54,431$ 54,680$ 54,660$ 53,045$ 47,447$ Total Portfolio Loans 3,085,950 3,026,431 2,959,457 2,821,983 2,739,808 Allowance for Credit Losses to Total Portfolio Loans 1.76% 1.81% 1.85% 1.88% 1.73% Commercial Bank Allowance for Credit Losses to Commercial Bank Portfolio Loans (in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Allowance for Credit Losses 54,431$ 54,680$ 54,660$ 53,045$ 47,447$ Less: Credit Card Allowance for Credit Losses 8,904 7,802 8,232 7,413 6,762 Commercial Bank Allowance for Credit Losses 45,527$ 46,878$ 46,428$ 45,632$ 40,685$ Total Portfolio Loans 3,085,950 3,026,431 2,959,457 2,821,983 2,739,808 Less: Gross Credit Card Loans 141,446 131,887 137,905 130,897 126,233 Commercial Bank Portfolio Loans 2,944,504$ 2,894,544$ 2,821,552$ 2,691,086$ 2,613,575$ Commercial Bank Allowance for Credit Losses to Commercial Bank Portfolio Loans 1.55% 1.62% 1.65% 1.70% 1.56% (1) Annualized Quarters Ended Quarters Ended Quarters Ended Quarters Ended Reconciliation of Non-GAAP Information 22


Maryland	001-38671	52-2083046
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(IRS Employer Identification No.)


Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share	CBNK	NASDAQ Stock Market


99.1			Press Release, dated July 27, 2026.

99.2			Investor Presentation June 2026.

104			Cover Page Interactive Data File (embedded within the Inline XBRL document)


			CAPITAL BANCORP, INC.


Date: July 27, 2026			By: /s/ Jacob Dalaya
			Name: Jacob Dalaya
			Title: Chief Financial Officer