Revenue: As of FY2026 Q2, the actual value is USD 65.29 M.

EPS: As of FY2026 Q2, the actual value is USD 0.87, beating the estimate of USD 0.8225.

EBIT: As of FY2026 Q2, the actual value is USD 18.96 M.

Operational Metrics

Net Income

Capital Bancorp, Inc. reported GAAP net income of $14.3 million for 2Q 2026, an 18.6% increase from $12.0 million in 1Q 2026, and an 8.5% increase from $13.1 million in 2Q 2025. Core net income for 2Q 2026 was $14.3 million, an 18.6% increase from $12.0 million in 1Q 2026, and a 0.3% increase from $14.2 million in 2Q 2025. For the six months ended June 30, 2026, GAAP net income was $26.3 million, a -3.0% decrease from $27.1 million for the same period in 2025. Core net income for the six months ended June 30, 2026, was $26.3 million, a -9.7% decrease from $29.1 million for the six months ended June 30, 2025.

Return on Average Assets (ROA)

GAAP ROA for 2Q 2026 was 1.52%, up from 1.33% in 1Q 2026, but down from 1.60% in 2Q 2025. Core ROA for 2Q 2026 was 1.52%, up from 1.33% in 1Q 2026, but down from 1.73% in 2Q 2025. For the six months ended June 30, 2026, GAAP ROA was 1.43%, compared to 1.68% for the same period in 2025. Core ROA for the six months ended June 30, 2026, was 1.43%, compared to 1.80% for the same period in 2025.

Return on Average Tangible Common Equity (ROTCE)

GAAP ROTCE for 2Q 2026 was 15.51%, up from 13.58% in 1Q 2026, but down from 16.10% in 2Q 2025. Core ROTCE for 2Q 2026 was 15.51%, up from 13.58% in 1Q 2026, but down from 17.39% in 2Q 2025. For the six months ended June 30, 2026, GAAP ROTCE was 14.57%, compared to 16.82% for the same period in 2025. Core ROTCE for the six months ended June 30, 2026, was 14.57%, compared to 18.07% for the same period in 2025.

Net Interest Income

Net interest income for 2Q 2026 was $50.9 million, a 3.1% increase from $49.4 million in 1Q 2026, and a 6.9% increase year-over-year from $47.6 million. For the six months ended June 30, 2026, net interest income was $100.3 million, a 7.1% increase from $93.7 million for the same period in 2025.

Net Interest Margin (NIM)

NIM was 5.64% for 2Q 2026, a decrease of 7 basis points (bps) from 1Q 2026, and a decrease of 40 bps year-over-year. Core NIM was 4.04% for 2Q 2026, a decrease of 11 bps from 1Q 2026, and a decrease of 38 bps year-over-year. For the six months ended June 30, 2026, NIM was 5.68%, compared to 6.04% for the same period in 2025. Core NIM for the six months ended June 30, 2026, was 4.09%, compared to 4.39% for the same period in 2025.

Provision for Credit Losses

The provision for credit losses in 2Q 2026 was $3.6 million, an increase of $0.6 million from 1Q 2026. For the six months ended June 30, 2026, the provision for credit losses was $6.6 million, an increase of $0.3 million from $6.3 million for the same period in 2025.

Noninterest Income (Fee Revenue)

Fee Revenue for 2Q 2026 was $14.4 million, an increase of $1.0 million compared to 1Q 2026, and an increase of $1.3 million year-over-year. Fee revenue represented 22.0% of total revenue for 2Q 2026, up from 21.3% in 1Q 2026 and 21.6% in 2Q 2025. For the six months ended June 30, 2026, noninterest income was $27.7 million, an 8.1% increase from $25.7 million for the same period in 2025. Core Fee Revenue for Q2 2026 was $6,559 thousand, up from $5,607 thousand in Q1 2026 and $4,696 thousand in Q2 2025. Fee Revenue growth was $1.0 million, or 29.6% (annualized), with contributions from nearly every major fee category.

Noninterest Expense

Noninterest expense for 2Q 2026 was $43.2 million, a decrease of $0.5 million compared to 1Q 2026, but an increase of $3.6 million compared to 2Q 2025. Core noninterest expense was $43.2 million, a decrease of $0.5 million compared to 1Q 2026, and an increase of $5.0 million compared to 2Q 2025. For the six months ended June 30, 2026, noninterest expense was $86.9 million, an 11.9% increase from $77.6 million for the same period in 2025.

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 was 66.1% for 2Q 2026, a decrease from 69.6% in the prior quarter, but an increase from 62.8% for 2Q 2025. For the six months ended June 30, 2026, the efficiency ratio was 67.8%, compared to 65.0% for the same period in 2025.

Credit Metrics

Net Charge-offs to Average Portfolio Loans were 0.50% in Q2 2026, compared to 0.40% in Q1 2026 and 0.75% in Q2 2025. Nonperforming Loans to Total Portfolio Loans were 1.85% in Q2 2026, stable compared to 1.83% in Q1 2026 and an increase from 1.32% in Q2 2025. Allowance for Credit Losses to Total Portfolio Loans was 1.76% in Q2 2026, compared to 1.81% in Q1 2026 and 1.73% in Q2 2025. Three loan relationships accounted for 37% of non-performing loans and 35% of non-performing assets (NPAs) in Q2 2026.

Balance Sheet Summary

Gross Loans

Gross Loans totaled $3.086 billion at June 30, 2026, increasing 7.9% (annualized) from $3.026 billion at March 31, 2026, and increasing 12.6% year-over-year from $2.740 billion at June 30, 2025. Through July 15, 2026, loan growth totaled $159.2 million, representing an implied annualized growth rate of 10.0%. Growth during Q2 2026 was primarily driven by $34.8 million from Commercial Real Estate (CRE), $10.5 million from OpenSky Card, and $5.0 million from construction real estate.

Total Deposits

Total Deposits were $3.371 billion at June 30, 2026, increasing 9.6% (annualized) from $3.292 billion at March 31, 2026, and increasing 14.6% from $2.941 billion at June 30, 2025. Customer deposits, excluding brokered deposits, increased 20.3% (annualized) from 1Q 2026. Through July 15, 2026, total deposit growth was $165.3 million, bringing year-to-date deposit growth to 10.0% (annualized). The total cost of deposits was 2.29% for Q2 2026, a decrease of 5 basis points (bps) quarter-over-quarter and 7 bps year-over-year. Insured and protected deposits were approximately $2.2 billion as of June 30, 2026, representing 66.6% of the Company’s deposit portfolio.

Tangible Book Value per Share

Tangible Book Value per share was $23.45 at June 30, 2026, increasing 14.7% (annualized) from $22.62 at March 31, 2026, and increasing 13.6% from $20.64 at June 30, 2025.

Total Assets

Total assets were $3.9 billion at June 30, 2026, an increase of $81.5 million, or 8.6% (annualized), from March 31, 2026. Total assets grew $501.3 million, or 14.8%, year-over-year. Portfolio Loans (gross) accounted for 79% of total assets, and AFS Securities Portfolio for 6%.

Liquidity

Total available borrowing capacity as of June 30, 2026, was $801.6 million, consisting of $699.4 million of available collateralized borrowing capacity, $96.0 million of unsecured lines of credit, and $6.2 million of unpledged investment securities. Including cash and cash equivalents of $418.3 million, total liquidity was approximately $1.2 billion. The company had $699 million in collateralized lines of credit, including $572 million from the FHLB and $127 million 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.

Capital Ratios

As of June 30, 2026, Capital Bancorp, Inc. 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. Estimated Tier 1 Leverage Ratio was 10.9% as of June 30, 2026. Estimated Common Equity Tier 1 Capital Ratio was 14.1% as of June 30, 2026. Estimated Tier 1 Capital Ratio was 14.1% as of June 30, 2026. Estimated Total Capital Ratio was 15.3% as of June 30, 2026.

Segment Performance

Commercial Bank

Portfolio loans increased by $49.0 million from March 31, 2026, driven by growth in commercial real estate, construction real estate, residential real estate, and C&I loans. Year-over-year, portfolio loans increased by $327.6 million. Net interest income for the Commercial Bank was $34.8 million for 2Q 2026. Nonperforming assets increased 1 basis point to 1.65% of total assets at June 30, 2026. Commercial Bank revenue was $36.4 million in Q2 2026.

OpenSky™

OpenSky™ credit card accounts grew to 588.6 thousand, a 0.1% increase from March 31, 2026, and a 0.6% increase year-over-year. Secured and unsecured loan balances, net of reserves, were $145.3 million at June 30, 2026, increasing 7.8% from March 31, 2026, and 10.9% year-over-year. Net interest income was $16.0 million, an increase of $0.9 million compared to 1Q 2026. The provision for credit losses increased by $1.3 million to $4.0 million compared to the prior quarter, primarily due to loan portfolio growth. OpenSky revenue was $20.4 million in Q2 2026.

Windsor Advantage™

Gross government loan servicing revenue totaled $6.6 million for 2Q 2026, up from $5.6 million in 1Q 2026. Windsor’s™ total servicing portfolio was $3.4 billion at June 30, 2026, up from $3.2 billion at March 31, 2026. In 2Q 2026, Windsor processed $223.6 million in government guaranteed loans, an 84.3% increase from 1Q 2026 and a 142.7% increase from 2Q 2025.

Capital Bank Home Loans (CBHL)

Originations of loans held for sale totaled $106.9 million during 2Q 2026, a 46.6% growth in volume compared to 1Q 2026. Mortgage loans sold amounted to $87.1 million, resulting in a gain on sale of loans of $2.4 million, representing a 2.71% gain on sale. Capital Bank Home Loans revenue was $1.9 million from $106.9 million volume.

Unique Metrics

Capital Bancorp, Inc. declared a cash dividend of $0.14 per share on its common stock, a 16.7% increase from the prior quarter.

Outlook / Guidance

Capital Bancorp, Inc. plans to invest in strategic initiatives such as its unsecured card platform, expansion of targeted C&I verticals, and technology infrastructure to strengthen its franchise. These investments are expected to reduce exposure to cyber risks and credit losses at OpenSky™, enhance customer experience, and improve operating efficiency. The company aims to support robust, organic, long-term growth goals through these strategic efforts, with Windsor Advantage poised to benefit from higher industry-wide SBA volumes.