TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- (TSX: CBNK) As a result of strong performance over the past year, Mulvihill Canadian Bank Enhanced Yield ETF is pleased to announce an increase in its monthly cash distribution to $0.09 per unit, and that it has today declared a distribution on its units of $0.09 per unit payable on February 6, 2026, to unitholders of record on January 30, 2026. For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mu ...

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].

ROCKVILLE, Md., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Capital Bank, N.A. announced today the expansion of its Small Business Administration (SBA) team with the addition of several experienced SBA professionals. This strategic move enhances the bank’s SBA capabilities and positions Capital Bank to grow its national presence in small business lending. Leading the expanded group is Kirk Beason, Head of SBA, an accomplished SBA and credit executive with more than two decades of experience managing government-guaran ...

Core Insights - Capital Bank has been recognized as one of American Banker's Best Banks to Work For in 2025, marking the sixth time the bank has received this accolade, reflecting its commitment to a positive workplace culture [1][2] Group 1: Recognition and Ranking - A total of 90 banks were recognized nationwide, with Capital Bank ranked 85 based on an anonymous employee survey and a review of benefits, policies, and practices [2] - The recognition highlights Capital Bank's ongoing efforts to create an environment where employees feel valued and supported [2] Group 2: Company Culture and Employee Engagement - The culture at Capital Bank is centered around genuinely caring for employees, with investments in programs that promote growth, reward excellence, and enhance collaboration [3] - Initiatives focused on employee well-being include rewards and recognition, wellness programming, and community involvement, providing opportunities for learning and contribution [3] Group 3: Leadership and Onboarding - The CEO of Capital Bank emphasized that employee support in the right environment is crucial for growth, and the recognition reflects the strength of the bank's culture [4] - The Capital Bank Immersion program introduces new employees to senior leaders and key areas of the organization, ensuring consistency across markets following the acquisition of Integrated Financial Holdings, Inc. [4] Group 4: Assessment and Qualification - The Best Banks to Work For program involves a two-part assessment, with 25% of the score based on workplace policies and 75% based on anonymous employee surveys [5] - To qualify for the ranking, banks must have at least 50 U.S. employees and be in operation for a minimum of one year [6] Group 5: Company Overview - Capital Bancorp, Inc. operates in seven locations and had assets of approximately $3.4 billion as of September 30, 2025 [7] - The bank's approach to business banking emphasizes personalized service and innovative technology, adhering to the principle of "Think Big, Act Local" [8]

Core Viewpoint - Capital Bancorp, Inc. has appointed Jacob Dalaya as Executive Vice President and Chief Financial Officer, effective immediately, to enhance its strategic and financial planning as the bank aims for accelerated growth [1][2]. Group 1: Appointment Details - Jacob Dalaya has been appointed as Executive Vice President and Chief Financial Officer of Capital Bancorp and Capital Bank, National Association [1]. - Prior to this role, Dalaya served as Chief Strategy Officer, overseeing strategic and financial planning and the acquisition of IFH [2]. - Dalaya has extensive experience in the financial sector, having held leadership positions at Webster Financial Corporation and Sterling Bancorp, and previously worked in investment banking at Keefe, Bruyette & Woods and J.P. Morgan Securities [2]. Group 2: Leadership Perspective - Edward Barry, CEO of Capital Bank, emphasized Dalaya's instrumental role in shaping the bank's long-term strategy and financial discipline, expressing confidence in his ability to guide the bank through its next growth phase [3]. - Dalaya expressed his commitment to working with the management team to generate best-in-class returns and growth for shareholders [3]. Group 3: Company Overview - As of September 30, 2025, Capital Bank has $3.4 billion in assets and operates a diversified portfolio of regional banking and national specialty platforms [4]. - Capital Bank is a member of the Federal Reserve Bank system and is FDIC insured [4].

Regulatory Compliance and Capital Management - As of September 30, 2025, the Company and the Bank were in compliance with all applicable regulatory capital requirements and classified as "well capitalized" under prompt corrective action regulations [131]. - The Company intends to monitor and control growth relative to earnings to maintain compliance with regulatory capital standards [131]. - The Tier 1 capital ratio to risk-weighted assets was 13.62% for the Company and 11.69% for the Bank as of September 30, 2025 [250]. - The Company and the Bank were in compliance with all applicable regulatory capital requirements as of September 30, 2025, with the Bank classified as "well capitalized" [248]. Acquisition and Business Operations - The Company completed its acquisition of Integrated Financial Holdings, Inc. on October 1, 2024, which included the merger of West Town Bank & Trust into Capital Bank [129]. - The Company operates four divisions: Commercial Banking, OpenSky, Windsor Advantage, and Capital Bank Home Loans, focusing on personalized service and national consumer business lines [129][130]. - OpenSky provides secured and unsecured credit cards to under-banked populations, while Windsor Advantage generates fee revenue through servicing SBA and USDA loans [130]. - The Company serves businesses and not-for-profit associations across multiple states, including Maryland, Florida, Illinois, and North Carolina, through various banking offices [128]. Financial Performance - Net income for the three months ended September 30, 2025, was $15.1 million, a 73.7% increase from $8.7 million in the same period in 2024 [136]. - Net income for the nine months ended September 30, 2025, was $42.1 million, a 79.8% increase from $23.4 million in the same period in 2024 [139]. - Total revenue for the nine months ended September 30, 2025, was $177,818,000, an increase from $129,916,000 in 2024, marking a growth of 37% [264]. - Core net income for the nine months ended September 30, 2025, was $41,253,000, up from $24,596,000 in 2024, reflecting a growth of 67.5% [264]. Income and Expenses - Net interest income increased by $13.7 million, or 35.6%, to $52.0 million compared to the same period in 2024, primarily driven by organic growth and the acquisition of IFH [136]. - Noninterest income for the three months ended September 30, 2025, was $11.1 million, an increase of $4.4 million, or 66.8%, from the same period in 2024 [137]. - Noninterest expenses for the three months ended September 30, 2025, were $38.4 million, an increase of $8.7 million, or 29.0%, from the same period in 2024 [138]. - Noninterest expense for the nine months ended September 30, 2025, was $116.0 million, an increase of 30.7% from $88.7 million in the same period in 2024 [170]. Asset Quality and Credit Losses - The allowance for credit losses (ACL) as a percent of portfolio loans was 1.88% at September 30, 2025, compared to 1.85% at December 31, 2024 [160]. - Nonperforming assets increased to $52.2 million, up $22.0 million from December 31, 2024, primarily due to two loan relationships acquired from the IFH transactions [208]. - The allowance for credit losses (ACL) is based on risk classifications, historical loss rates, and current economic conditions, reflecting management's estimate of expected credit losses [211]. - Total charge-offs for the nine months ended September 30, 2025, amounted to $10.0 million, with a net charge-off rate of 0.49% of average loans [219]. Interest Rate Sensitivity and Management - The bank's asset-sensitive position suggests that rising interest rates could positively impact net interest income, while falling rates would have the opposite effect [280]. - The Earnings at Risk (EAR) analysis indicates that under a static balance sheet, a 100 basis point increase in interest rates could lead to a 3.6% increase in net interest income [285]. - The Economic Value of Equity (EVE) analysis shows that a 100 basis point increase in interest rates could result in a 1.7% increase in economic value of equity [287]. - The bank does not engage in leveraged derivatives or financial options to manage interest rate risk, focusing instead on traditional balance sheet management [278]. Deposits and Liabilities - Total deposits reached $2.912 billion as of September 30, 2025, up from $2.762 billion at December 31, 2024 [226]. - Total liabilities increased by $142.9 million from December 31, 2024, primarily due to a growth in the deposit portfolio of $150.1 million [223]. - Noninterest-bearing demand accounts represented 29.4% of total deposits at both September 30, 2025, and December 31, 2024 [227]. - The average rate on interest-bearing deposits decreased to 3.01% for the nine months ended September 30, 2025, from 3.76% for the year ended December 31, 2024 [227]. Equity and Book Value - Stockholders' equity increased by $39.6 million for the period ended September 30, 2025, largely due to net income of $42.1 million for the nine months ended September 30, 2025 [242]. - The company reported a book value per share of $23.80 at September 30, 2025, an increase of 11.7% from $21.31 at December 31, 2024 [174]. - Tangible book value per share increased to $21.33 as of September 30, 2025, compared to $19.10 in 2024 [272]. - The common equity to total assets ratio was 10.60% at September 30, 2025, down from 11.07% at December 31, 2024 [244].

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Core Insights - Capital Bancorp (CBNK) reported quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.88 per share, but showing an increase from $0.66 per share a year ago, resulting in an earnings surprise of -18.18% [1] - The company posted revenues of $63.09 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.46% and increasing from $44.99 million year-over-year [2] - Capital Bancorp shares have increased approximately 4.3% since the beginning of the year, underperforming the S&P 500's gain of 15.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.86 on revenues of $62.8 million, and for the current fiscal year, it is $3.46 on revenues of $244.9 million [7] - The estimate revisions trend for Capital Bancorp was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank for Banks - Northeast, to which Capital Bancorp belongs, is currently in the top 20% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Chain Bridge Bancorp, another company in the same industry, is expected to report quarterly earnings of $0.70 per share, reflecting a year-over-year decline of -57.3% [9]

Core Insights - Capital Bancorp, Inc. reported a net income of $15.1 million for Q3 2025, an increase from $13.1 million in Q2 2025 and $8.7 million in Q3 2024, with diluted earnings per share rising to $0.89 [4][10] - Core net income for Q3 2025 was $12.2 million, down from $14.2 million in Q2 2025 but up from $9.2 million in Q3 2024 [4][10] - The company declared a cash dividend of $0.12 per share, payable on November 26, 2025 [5] Financial Performance - Net interest income increased by $4.4 million, or 9.2% from Q2 2025, and by $13.7 million, or 35.6% year-over-year, totaling $52.0 million for Q3 2025 [10][19] - Interest income for Q3 2025 was $64.9 million, a slight increase of $0.3 million from Q2 2025 and an increase of $12.3 million year-over-year [10][42] - The net interest margin (NIM) for Q3 2025 was 6.36%, up 32 basis points from Q2 2025 but down 5 basis points from Q3 2024 [19][21] Loan and Deposit Growth - Gross loans grew by $82.2 million, or 11.9% annualized, during Q3 2025, with a year-over-year increase of $714.5 million [7][18] - Total deposits decreased by $28.7 million, or 3.9% annualized, from Q2 2025, but increased by $725.8 million, or 33.2% year-over-year [20] - Customer deposits increased by $3.9 million, or 0.6% annualized, from Q2 2025, and by $641.3 million year-over-year [20] Asset Quality and Credit Metrics - The allowance for credit losses (ACL) coverage ratio was 1.88% at September 30, 2025, an increase of 15 basis points from June 30, 2025 [24] - Nonperforming assets increased to $52.2 million, or 1.54% of total assets, reflecting an increase of $16.1 million from Q2 2025 [24][33] - Substandard loans totaled $56.8 million, or 2.0% of total portfolio loans, compared to $44.6 million, or 1.7% in the previous quarter [24][34] Efficiency and Return Ratios - The efficiency ratio improved to 60.8% for Q3 2025, down from 65.1% in Q2 2025 [25] - Return on average equity (ROE) was 15.57% for Q3 2025, compared to 14.17% in Q2 2025 [31] - Core ROE was 12.56% for Q3 2025, down from 15.33% in Q2 2025 [31] Book Value and Capital Position - Book value per common share increased to $23.80 at September 30, 2025, up $0.88 from Q2 2025 [27] - Tangible book value per share rose to $21.27, a 3.1% increase from Q2 2025 [27] - The Common Equity Tier-1 capital ratio was 13.51% as of September 30, 2025, slightly down from 13.58% at June 30, 2025 [20]