Financial Performance - Net income for the year ended December 31, 2025, was $57.2 million, an increase of $26.2 million, or 84.6%, compared to the prior year, driven by the acquisition of IFH and strong organic growth [213]. - Net income for the year ended December 31, 2025 was $57.2 million, an 84.6% increase from $31.0 million in 2024, partly due to the IFH acquisition [226]. - Core net income for 2025 was $56,290,000, compared to $40,069,000 in 2024, reflecting a 40.5% increase [342]. - Total revenue for 2025 reached $245,179,000, up from $186,156,000 in 2024, marking a 31.6% increase [342]. - The efficiency ratio improved to 63.25% in 2025 from 67.80% in 2024, indicating better cost management [342]. - The return on average equity increased to 15.13% in 2025 from 10.78% in 2024, showcasing enhanced profitability [342]. Interest Income and Assets - Net interest income rose to $196.0 million, an increase of $41.2 million from the prior year, primarily due to organic growth and the IFH acquisition [213]. - Average interest-earning assets increased by $727.9 million, or 29.3%, to $3.2 billion compared to the same period in 2024 [213]. - Total interest income for the year ended December 31, 2025, was $52.0 million, a decrease of $4.5 million from $47.6 million in 2024, primarily due to decreased interest rates despite growth in loan portfolios [238]. - The commercial bank net interest margin increased to 4.38% in 2025 from 3.93% in 2024, highlighting improved interest income generation [342]. Noninterest Income and Expenses - Noninterest income for the year ended December 31, 2025, was $49.2 million, an increase of $17.8 million, or 56.6%, from the same period in 2024, largely due to the full-year impact of the IFH acquisition [214]. - Noninterest income rose to $49.2 million, a 56.6% increase from $31.4 million, largely due to contributions from the IFH acquisition [227]. - Noninterest expense increased by $28.9 million, or 22.9%, to $155.1 million, mainly due to the IFH acquisition and higher salaries and employee benefits [229]. Credit Losses and Asset Quality - The provision for credit losses was $15.0 million for the year ended December 31, 2025, a decrease of $2.8 million from the prior year [213]. - Provision for credit losses decreased by $2.8 million, or 15.5%, to $15.0 million, primarily due to lower provisions in the commercial loan portfolio [226]. - Nonperforming loans to total portfolio loans rose to 1.84% in 2025 from 1.15% in 2024, indicating a deterioration in asset quality [347]. - The allowance for credit losses to total portfolio loans remained stable at 1.85% for both 2025 and 2024, suggesting consistent risk management practices [344]. Deposits and Liabilities - Deposits increased to $3.1 billion at December 31, 2025, up $331.3 million, or 12.0%, from the previous year [218]. - Total liabilities increased by $352.7 million to $X million as of December 31, 2025, primarily due to a $331.0 million growth in the deposit portfolio [303]. - Total interest-bearing deposits rose to $2.24 billion as of December 31, 2025, compared to $1.95 billion in 2024 [305]. - Uninsured deposits were approximately $1.3 billion, representing 40.9% of the deposit portfolio as of December 31, 2025, compared to $979.3 million, or 35.5%, in 2024 [308]. Equity and Capital - Stockholders' equity increased by $46.6 million for the year ended December 31, 2025, largely due to net income of $57.2 million [320]. - The common equity to total assets ratio was 11.14% at December 31, 2025, compared to 11.07% at December 31, 2024 [322]. - The Company and the Bank were in compliance with all applicable regulatory capital requirements as of December 31, 2025 [327]. - The Tier 1 capital ratio to risk-weighted assets was 13.05% for the Company and 11.34% for the Bank as of December 31, 2025 [329]. Loan Portfolio and Underwriting - Net portfolio loans reached $2.96 billion, an increase of $329.3 million, or 12.5%, from $2.63 billion in 2024 [251]. - The company’s commercial real estate loans increased to $41.4 million in 2025 from $28.6 million in 2024, reflecting a growth of 45.5% [260]. - The company has established underwriting guidelines and routinely monitors delinquency levels to manage nonperforming assets [285]. - The Problem Loan Status Report is reviewed quarterly for borrowers with an overall loan exposure exceeding $250,000 [290]. Interest Rate Risk Management - The bank's asset-sensitive position indicates that rising interest rates are expected to positively impact net interest income, while falling rates would have the opposite effect [360]. - The bank employs quarterly EAR simulations to assess the impact of changing interest rates on earnings under various scenarios [363]. - The Asset/Liability Management Committee (ALCO) regularly reviews the sensitivity of assets and liabilities to interest rate changes [359]. - The bank does not engage in leveraged derivatives or financial options to mitigate interest rate risk, focusing instead on managing its balance sheet [358].

Group 1 - The Federal Reserve Board approved Cornerstone Capital Bancorp, Inc.'s application to acquire Peoples Bancorp, Inc. [1] - This acquisition will allow Cornerstone Capital Bancorp to indirectly acquire Peoples Bank, located in Lubbock, Texas [1]

分组1 - Capital Bancorp (CBNK) reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, but slightly down from $0.92 per share a year ago, resulting in an earnings surprise of +9.64% [1] - The company achieved revenues of $62.74 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.69% and increasing from $56.24 million year-over-year [2] - Over the last four quarters, Capital Bancorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] 分组2 - The stock has gained approximately 4.2% since the beginning of the year, outperforming the S&P 500's gain of 1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.78 on revenues of $60.2 million, and for the current fiscal year, it is $3.25 on revenues of $251.3 million [7] - The Zacks Industry Rank for Banks - Northeast, to which Capital Bancorp belongs, is currently in the top 27% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Core Insights - Capital Bancorp, Inc. reported a net income of $15.0 million for 4Q 2025, which is flat compared to 3Q 2025 and represents a significant increase of 99.6% from $7.5 million in 4Q 2024 [2][8] - The company declared a cash dividend of $0.12 per share, payable on February 28, 2026 [3] - The diversified business model of the company has been a source of consistency and strength, enabling high performance across different market conditions [4] Financial Performance - Core net income for 4Q 2025 was $15.0 million, or $0.91 per diluted share, an increase of 18.1% from $12.2 million in 3Q 2025, but a decrease of 2.8% from $15.5 million in 4Q 2024 [8][5] - Net interest income decreased by $1.7 million, or 3.3% from 3Q 2025, but increased by $6.0 million, or 13.4% year-over-year [8][19] - The net interest margin (NIM) for 4Q 2025 was 5.94%, a decrease of 42 basis points from the prior quarter, but an increase of 7 basis points year-over-year [11] Balance Sheet Highlights - Total assets increased to $3.6 billion at December 31, 2025, up $216.8 million from September 30, 2025, and up $399.3 million, or 12.5%, year-over-year [10] - Gross loans grew by $137.5 million, or 19.3% (annualized), from September 30, 2025, and increased by $329.3 million, or 12.5%, year-over-year [10] - Total deposits reached $3.09 billion, an increase of $180.9 million, or 24.6% (annualized), from September 30, 2025, and up $331.0 million, or 12.0%, year-over-year [10] Credit Quality Metrics - The allowance for credit losses (ACL) coverage ratio was 1.85% at December 31, 2025, a decrease of 3 basis points from September 30, 2025, and flat year-over-year [12] - Nonperforming assets increased to $58.3 million, or 1.62% of total assets, an increase of $6.0 million from September 30, 2025 [13] - Substandard loans totaled $58.5 million, or 2.0% of total portfolio loans, consistent with the previous quarter [21] Efficiency and Return Ratios - The efficiency ratio was 62.3% for 4Q 2025, compared to 60.8% for 3Q 2025 and 66.7% for 4Q 2024 [14] - Return on average assets (ROA) was 1.71% for 4Q 2025, compared to 1.77% for 3Q 2025 and 0.96% for 4Q 2024 [16] - Return on equity (ROE) was 15.23% for 4Q 2025, compared to 15.57% for 3Q 2025 and 8.50% for 4Q 2024 [25]

Financial Performance - 4Q 2025 net income was $15.0 million, flat compared to 3Q 2025, with earnings per share of $0.91, an increase of $0.02 per share [3]. - Core net income for 4Q 2025 was $15.0 million, or $0.91 per diluted share, up $2.9 million, or 18.1%, from 3Q 2025 [9]. - Net income for Q4 2025 was $15,037,000, a slight decrease of 0.2% from Q3 2025 but a significant increase of 99.6% from Q4 2024 [34]. - Net income for the year ended December 31, 2025, was $57,170,000, compared to $30,972,000 in 2024, reflecting an increase of 84.6% [38]. - Core Net Income for the year ended December 31, 2025, was $56,290,000, compared to $40,069,000 for the year ended December 31, 2024, representing a 40.5% year-over-year increase [61]. Revenue and Income Sources - Total Revenue for Q4 2025 was $62,743,000, slightly down from $63,088,000 in Q3 2025, but up from $56,240,000 in Q4 2024 [59]. - Noninterest income increased by 56.6% year-over-year, totaling $49,187,000 for 2025 compared to $31,410,000 in 2024 [35]. - Total noninterest income for the year ended December 31, 2025, was $49,187,000, significantly higher than $31,410,000 for the previous year, marking a 56.5% increase [38]. - Total fee revenue of $4.8 million increased $0.3 million from the prior quarter, driven by credit-card related fees [29]. Asset and Loan Growth - Total assets reached $3.6 billion at December 31, 2025, an increase of $216.8 million from September 30, 2025, and $399.3 million, or 12.5% year-over-year [14]. - Gross loans grew by $137.5 million, or 19.3% (annualized), during 4Q 2025, and increased by $329.3 million, or 12.5% from 4Q 2024 [3]. - Total portfolio loans receivable, net, rose to $2,959,457,000 in Q4 2025, up from $2,821,983,000 in Q3 2025 and $2,630,163,000 in Q4 2024 [52]. Deposits and Funding - Total deposits increased by $180.9 million, or 24.6% (annualized), from 3Q 2025, and grew by $331.0 million, or 12.0% from 4Q 2024 [3]. - Total deposits were $3.09 billion, up $180.9 million, or 24.6% (annualized) from September 30, 2025, and $331.0 million, or 12.0% year-over-year [15]. - Noninterest-bearing deposits increased to $811,798 thousand as of December 31, 2025, compared to $675,360 thousand a year earlier [43]. Interest Income and Margin - Net interest income for 4Q 2025 was $50.3 million, a decrease of $1.7 million, or 3.3% from 3Q 2025, but an increase of $6.0 million, or 13.4% year-over-year [11]. - Interest income for Q4 2025 reached $68,634,000, an increase of 5.8% from Q3 2025 and 11.2% from Q4 2024 [34]. - The net interest margin (NIM) for 4Q 2025 was 5.94%, a decrease of 42 basis points from the prior quarter, but an increase of 7 basis points year-over-year [17]. Credit Quality and Losses - The allowance for credit losses to total loans (ACL Coverage Ratio) was 1.85% at December 31, 2025, a decrease of 3 basis points from September 30, 2025 [3]. - The provision for credit losses in 4Q 2025 was $4.0 million, a decrease of $0.7 million from 3Q 2025, with net charge-offs totaling $2.4 million, or 0.32% of portfolio loans [11]. - Nonperforming assets were $58.3 million or 1.62% of total assets at December 31, 2025, an increase of $6.0 million or 7 bps compared to September 30, 2025 [20]. Efficiency and Ratios - Efficiency ratio was 62.3% for 4Q 2025, compared to 60.8% for 3Q 2025 and 66.7% for 4Q 2024 [21]. - The Common Equity Tier-1 capital ratio was 12.98% as of December 31, 2025, down from 13.54% at September 30, 2025, while maintaining regulatory capital ratios above requirements [16]. - The total risk-based capital ratio stood at 12.60% in Q4 2025, down from 12.95% in Q3 2025, reflecting a decrease in capital adequacy [52]. Strategic Focus and Future Outlook - The company is focused on executing its strategic plan and investing in technology and human capital for future growth [5]. - The company has indicated that future performance may be affected by various factors, including economic conditions and regulatory changes, as outlined in their forward-looking statements [79][80]. - The company has made strategic acquisitions, including the IFH acquisition, which is expected to contribute to revenue growth and operational integration [80].

Forward Looking Statements 4Q 2025 Investor Overview | do de | | --- | | ��� | | do de | | во се подата се подата се се се од се во се во се во се во се во с | | 2007 года по седония од составите од полности од политиона по седони | | do de | 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, p ...

Core Viewpoint - Mulvihill Canadian Bank Enhanced Yield ETF has announced an increase in its monthly cash distribution to $0.09 per unit due to strong performance over the past year [1]. Group 1: Financial Performance - The ETF's monthly cash distribution will be $0.09 per unit, payable on February 6, 2026 [1]. - The record date for unitholders to receive the distribution is January 30, 2026 [1].

Core Viewpoint - Capital Bancorp, Inc. has renewed Ed Barry's employment agreement through December 2027 and is evolving its executive leadership structure to support its long-term vision as a diversified financial services enterprise [1][2]. Leadership Changes - Ed Barry will continue as Chief Executive Officer, focusing on enterprise-level strategy and key strategic initiatives [2]. - Steve Poynot, currently President and Chief Operating Officer, will be elevated to Chief Executive Officer of Capital Bank, N.A., while retaining oversight of Windsor Advantage [3]. Strategic Vision - The company's long-term growth strategy aims to create a diversified financial services enterprise, combining a core commercial bank with differentiated, high-performing businesses [4]. - The leadership alignment is designed to manage the complexity of the enterprise and maximize growth across various lines of business [4]. Financial Overview - As of September 30, 2025, Capital Bancorp, Inc. has $3.4 billion in assets and operates a diversified portfolio of regional banking and national specialty platforms [5].

Core Viewpoint - Capital Bancorp, Inc. has renewed Ed Barry's employment agreement through December 2027 and is evolving its executive leadership structure to support its long-term vision as a diversified financial services enterprise [1][2]. Leadership Changes - Ed Barry will continue as Chief Executive Officer, focusing on enterprise-level strategy and key strategic initiatives [2]. - Steve Poynot, currently President and Chief Operating Officer, will be elevated to Chief Executive Officer of Capital Bank, N.A., while retaining oversight of Windsor Advantage [3]. Strategic Vision - The company's long-term growth strategy aims to create a diversified financial services enterprise, combining a core commercial bank with differentiated, high-performing businesses [4]. - The leadership alignment is designed to manage the complexity of the enterprise and maximize growth across various lines of business [4]. Financial Overview - As of September 30, 2025, Capital Bancorp, Inc. has $3.4 billion in assets and operates a diversified portfolio of regional banking and national specialty platforms [5].

Core Insights - Capital Bank, N.A. is expanding its Small Business Administration (SBA) team to enhance its capabilities in small business lending and grow its national presence [1] Group 1: Leadership and Team Expansion - Kirk Beason has been appointed as the Head of SBA, bringing over 20 years of experience in managing government-guaranteed lending programs and known for improving credit discipline and portfolio performance [2] - Heidi Whitesell joins as SBA Sales Executive, recognized for her extensive experience in building national sales teams and previously serving as President and COO of a national SBA lender [3] - Ninel Struzska, with over 25 years of SBA and commercial credit experience, has been appointed as Senior Credit Officer to strengthen lending decision-making [4] - Raquel Zippilli is joining as SBA Relationship Liaison to support due diligence and coordination across SBA loan programs [4] Group 2: Strategic Intent and Company Background - The expansion is described as a deliberate investment in the future of Capital Bank's SBA business, aiming to better serve entrepreneurs with enhanced speed and insight [5] - Capital Bancorp, Inc. operates bank branches in seven locations and had assets of approximately $3.4 billion as of September 30, 2025 [5]