Capital Bancorp(CBNK) - 2025 Q2 - Quarterly Results

Second Quarter 2025 Highlights Key Financial and Operational Highlights Capital Bancorp, Inc. reported strong Q2 2025 profitability with $13.1 million GAAP net income, driven by growth in loans and deposits Key Financial Performance (GAAP & Core) | Metric | 2Q 2025 (GAAP) | 2Q 2025 (Core) | Change from 1Q 2025 (GAAP) | Change from 2Q 2024 (GAAP) | | :-------------------------------- | :--------------- | :--------------- | :------------------------- | :------------------------- | | Net Income (in millions) | $13.1 | $14.2 | -$0.8 | +$4.9 | | EPS (per share) | $0.78 | $0.85 | -$0.04 | +$0.19 | | ROA (%) | 1.60% | 1.73% | -0.15% | +0.20% | | ROE (%) | 14.17% | 15.33% | -1.39% | +1.64% | | ROTCE (%) | 16.10% | 17.39% | -1.47% | +3.57% | Key Operational Metrics | Metric | 2Q 2025 | Change from 1Q 2025 | Change from 2Q 2024 | | :-------------------------------- | :------ | :------------------ | :------------------ | | Gross Loans (in billions) | $2.74 | +$61.4 million (+9.2% annualized) | +$718.2 million (+35.5%) | | Total Deposits (in billions) | $2.94 | +$49.4 million (+6.9% annualized) | +$840.3 million (+40.0%) | | Customer Deposits (in millions) | N/A | +$87.1 million (+13.5% annualized) | +$725.3 million (+37.3%) | | Net Interest Income (in millions) | $47.6 | +$1.6 million (+3.5%) | +$10.6 million (+28.6%) | | Net Interest Margin (NIM) (%) | 6.04% | -1 bps | -42 bps | | Commercial Bank NIM (%) | 4.36% | +4 bps | +46 bps | | Fee Revenue (in millions) | $13.1 | +$0.6 million | +$6.2 million | | ACL Coverage Ratio (%) | 1.73% | -8 bps | +20 bps | | Book Value per Share (per share) | $22.92 | +$0.73 | +$3.66 | | Tangible Book Value per Share (per share) | $20.64 | +$0.83 (+4.2%) | +$1.38 (+7.2%) | | Cash Dividend per Share (per share) | $0.12 | +20% | +25% | | Shares Repurchased (shares) | 93,170 | N/A | N/A | | Cost of Repurchases (in millions) | $2.5 | N/A | N/A | Executive Summary and Management Commentary Management Commentary Management highlighted record H1 2025 results, strategic plan progress, and the Commercial Bank's strong position for profitable growth - CEO Ed Barry expressed satisfaction with the significant progress on the Strategic Plan, leading to record results for the first half of 2025, and highlighted the successful integration of the IFH acquisition and overall franchise growth[6] - Chairman Steven J. Schwartz emphasized the Commercial Bank's strong positioning for profitable growth, driven by a focus on commercial and industrial loans, successful core deposit building, and a robust net interest margin. He also noted the maintenance of fee revenue above 20% of total revenue and the company's commitment to shareholder returns through consistent dividend increases (4th consecutive year) and stock buybacks[6] GAAP to Non-GAAP Net Income Reconciliation The company provides a reconciliation of GAAP net income to core net income, which excludes merger-related expenses and other one-time non-recurring adjustments GAAP to Non-GAAP Net Income Reconciliation (in thousands, except per share data) | (in thousands, except per share data) | 2Q 2025 (GAAP) | 2Q 2025 (Core) | 1Q 2025 (GAAP) | 1Q 2025 (Core) | | :------------------------------------ | :------------- | :------------- | :------------- | :------------- | | Income Before Taxes | $17,099 | $18,497 | $18,297 | $19,563 | | Income Tax Expense | $3,963 | $4,291 | $4,365 | $4,667 | | Net Income | $13,136 | $14,206 | $13,932 | $14,896 | | Diluted Earnings per Share | $0.78 | $0.85 | $0.82 | $0.88 | | Add: Merger-Related Expenses | $1,398 | N/A | $1,266 | N/A | - Core net income for 2Q 2025 was $14.2 million, or $0.85 per diluted share, which excludes merger-related expenses and other one-time non-recurring adjustments, providing a clearer view of operational performance[8][9] Earnings Summary Net Income and EPS Q2 2025 net income was $13.1 million ($0.78 EPS), a decrease quarter-over-quarter but a significant increase year-over-year Net Income and EPS | Metric | 2Q 2025 | 1Q 2025 | 2Q 2024 | | :-------------------- | :------ | :------ | :------ | | Net Income (GAAP, in millions) | $13.1 | $13.9 | $8.2 | | EPS (GAAP Diluted, per share) | $0.78 | $0.82 | $0.59 | | Core Net Income (in millions) | $14.2 | $14.9 | N/A | | Core EPS (Diluted, per share) | $0.85 | $0.88 | N/A | Net Interest Income (NII) Net interest income increased quarter-over-quarter and year-over-year, primarily driven by strong balance sheet growth from the Commercial Bank and the IFH acquisition Net Interest Income (in millions) | Metric | 2Q 2025 | Change from 1Q 2025 | Change from 2Q 2024 | | :---------------- | :------ | :------------------ | :------------------ | | Net Interest Income | $47.6 | +$1.6 (+3.5%) | +$10.6 (+28.6%) | | Interest Income | $64.6 | +$1.8 (+2.9%) | +$14.0 (+27.6%) | | Interest Expense | $16.9 | +$0.2 (+1.4%) | +$3.4 (+24.9%) | - The quarter-over-quarter increase in interest income was driven by Commercial Bank loan interest income due to portfolio growth, while the year-over-year increase was primarily from organic growth and the IFH acquisition[11] - Interest expense increased quarter-over-quarter mainly due to a lower benefit from net purchase accounting accretion, with higher deposit volumes offset by lower deposit rates. Year-over-year increase was due to organic growth and the IFH acquisition[11] Provision for Credit Losses and Net Charge-offs The provision for credit losses increased significantly from the prior quarter, mainly due to higher volumes in OpenSky™ portfolios and higher charge-offs in the Commercial Bank Provision for Credit Losses and Net Charge-offs | Metric | 2Q 2025 | 1Q 2025 | Change QoQ | | :-------------------------------- | :------ | :------ | :--------- | | Provision for Credit Losses (in millions) | $4.1 | $2.3 | +$1.8 | | Net Charge-offs (in millions) | $5.1 | $2.4 | +$2.7 | | Net Charge-offs (% of portfolio loans, annualized) | 0.75% | 0.38% | +0.37% | | ACL Coverage Ratio (period end, %) | 1.73% | 1.81% | -8 bps | - The increase in provision for credit losses was primarily driven by $1.1 million from OpenSky™ due to higher volumes in both secured and unsecured portfolios, and $0.7 million from the Commercial Bank due to higher charge-offs not previously provided for[11] - Commercial Bank charge-offs included $2.1 million from the acquired IFH portfolio, with a $1.5 million charge-off from a loan sale[11] Noninterest Income (Fee Revenue) Fee revenue increased quarter-over-quarter and significantly year-over-year, largely due to contributions from IFH businesses Fee Revenue (in millions) | Metric | 2Q 2025 | Change from 1Q 2025 | Change from 2Q 2024 | | :-------------------- | :------ | :------------------ | :------------------ | | Fee Revenue | $13.1 | +$0.6 | +$6.2 | | Core Fee Revenue Mix (%) | 21.6% | +0.2% | +5.9% | - The increase in fee revenue was primarily due to $2.0 million higher government lending revenue, $0.6 million higher credit card fees from OpenSky™, and $0.1 million higher government loan servicing revenue, partially offset by a $1.1 million negative fair value adjustment related to the loan servicing portfolio and $1.0 million lower other income[14] Noninterest Expense Noninterest expense increased both quarter-over-quarter and year-over-year, driven by higher personnel expenses, business activities, technology investments, and the IFH acquisition Noninterest Expense (in millions) | Metric | 2Q 2025 | Change from 1Q 2025 | Change from 2Q 2024 | | :-------------------- | :------ | :------------------ | :------------------ | | Noninterest Expense | $39.6 | +$1.5 | +$10.1 | | Core Noninterest Expense | $38.2 | +$1.4 | +$8.8 | - The quarter-over-quarter increase in core noninterest expense was driven by higher personnel expenses, growth from business-related activities (including USDA portfolio servicing costs), and continued investments in technology, such as a new digital banking solution[14] - Year-over-year expense growth was primarily attributable to the acquisition of IFH[14] Income Tax Expense Income tax expense decreased quarter-over-quarter, with the core effective income tax rate remaining relatively stable Income Tax Expense (in millions) | Metric | 2Q 2025 | 1Q 2025 | Change QoQ | | :-------------------- | :------ | :------ | :--------- | | Income Tax Expense | $4.0 | $4.4 | -$0.4 | | Pre-tax Income (%) | 23.2% | 23.9% | -0.7% | | Core Effective Tax Rate (%) | 23.2% | 23.7% | -0.5% | Balance Sheet Analysis Total Assets Total assets grew quarter-over-quarter and significantly year-over-year, driven by organic growth and the IFH acquisition Total Assets (in billions) | Metric | June 30, 2025 | Change from Mar 31, 2025 | Change from June 30, 2024 | | :-------------------- | :------------ | :----------------------- | :------------------------ | | Total Assets | $3.4 | +$38.9 million (+4.7% annualized) | +$1.0 billion (+39.0%) | | IFH Acquisition Contribution (in millions) | N/A | N/A | $559.4 | | Organic Growth Contribution (in millions) | N/A | N/A | $440.6 | - The $38.9 million quarter-over-quarter growth in total assets was primarily driven by Gross Loan growth of $61.4 million and Investment portfolio growth of $15.5 million, partially offset by decreases in total Cash of $19.4 million and Loans Held for Sale of $13.7 million[16] Gross Loans Gross loans experienced strong growth both quarter-over-quarter and year-over-year, with significant contributions from the IFH acquisition and organic growth Gross Loans (in billions) | Metric | June 30, 2025 | Change from Mar 31, 2025 | Change from June 30, 2024 | | :-------------------- | :------------ | :----------------------- | :------------------------ | | Gross Loans | $2.74 | +$61.4 million (+9.2% annualized) | +$718.2 million | | IFH Acquisition Contribution (in millions) | N/A | N/A | $373.5 | | Organic Growth Contribution (in millions) | N/A | N/A | $344.7 | - Quarterly loan growth was primarily driven by $26.7 million from commercial real estate, $17.1 million from residential real estate, $12.3 million from OpenSky™, and $9.3 million from lender finance[16] - Commercial and industrial loans, plus owner-occupied commercial real estate loans, constituted 37.6% of total portfolio loans at June 30, 2025, consistent with the prior quarter[16] Total Deposits Total deposits showed solid growth quarter-over-quarter and substantial growth year-over-year, with both the IFH acquisition and organic growth contributing significantly Total Deposits (in billions) | Metric | June 30, 2025 | Change from Mar 31, 2025 | Change from June 30, 2024 | | :-------------------- | :------------ | :----------------------- | :------------------------ | | Total Deposits | $2.94 | +$49.4 million (+6.9% annualized) | +$840.3 million (+40.0% annualized) | | IFH Acquisition Contribution (in millions) | N/A | N/A | $459.0 | | Organic Growth Contribution (in millions) | N/A | N/A | $381.3 | | Insured & Protected Deposits | $2.1 (69.9%) | N/A | N/A | | Low-and-no interest-bearing DDA | $1.2 (39.8%) | +$47.8 million (+17.1% annualized) | +$214.4 million (+22.4%) | - Quarterly deposit growth was driven by $47.8 million in customer money market deposits, $24.8 million in noninterest-bearing deposits, and $23.0 million in interest-bearing demand accounts, partially offset by decreases in brokered time deposits and customer time deposits[16] - The average rate on low-and-no interest-bearing deposits was 0.14% for 2Q 2025, a decrease of 1 bps from 1Q 2025[16] Investment Securities and Liquidity The investment securities portfolio, classified as available-for-sale, had a fair market value of $228.9 million, and the company maintained stable and reliable sources of available borrowings Investment Securities and Liquidity | Metric | June 30, 2025 | | :-------------------------------- | :------------ | | Investment Securities (FMV, in millions) | $228.9 | | % of Total Assets | 6.8% | | Effective Duration (years) | 2.7 | | U.S. Treasury Securities (%) | 60% | | Accumulated Other Comprehensive Income (Loss, in millions) | -$8.1 | | Available Borrowings (in millions) | $834.8 | | Collateralized Lines of Credit (in millions) | $750.6 | | Unsecured Lines of Credit (in millions) | $76.0 | | Unpledged Investment Securities (in millions) | $8.2 | - The accumulated other comprehensive income (loss) on the investment securities portfolio improved by $1.1 million during the quarter[16] Capital Positions The company and the Bank maintained regulatory capital ratios exceeding all requirements, with the Common Equity Tier-1 capital ratio improving quarter-over-quarter Capital Positions | Metric | June 30, 2025 | March 31, 2025 | | :-------------------------- | :------------ | :------------- | | Common Equity Tier-1 Ratio (%) | 13.58% | 13.24% | | Shares Repurchased (2Q 2025, shares) | 93,170 | N/A | | Cost of Repurchases (2Q 2025, in millions) | $2.5 | N/A | | Remaining Repurchase Authority (in millions) | $11.9 | N/A | - The company and the Bank maintained regulatory capital ratios that exceed all capital adequacy requirements as of June 30, 2025[17] Key Financial Metrics and Ratios Net Interest Margin (NIM) Overall NIM slightly decreased quarter-over-quarter and year-over-year, influenced by the IFH acquisition, while Commercial Bank NIM increased Net Interest Margin (NIM) | Metric | 2Q 2025 | Change from 1Q 2025 | Change from 2Q 2024 | | :-------------------- | :------ | :------------------ | :------------------ | | NIM (%) | 6.04% | -1 bps | -42 bps | | Commercial Bank NIM (%) | 4.36% | +4 bps | +46 bps | | Net PAA Impact on NIM (%) | 16 bps | N/A | N/A | - The decrease in overall NIM was due to the acquisition of commercial loans from IFH, diluting the impact from OpenSky™[4] Fee Revenue Mix The fee revenue mix as a percentage of total revenue slightly increased quarter-over-quarter and significantly improved year-over-year Fee Revenue Mix | Metric | 2Q 2025 | 1Q 2025 | 2Q 2024 | | :-------------------- | :------ | :------ | :------ | | Fee Revenue Mix (%) | 21.6% | 21.4% | 15.7% | Credit Metrics and Asset Quality The ACL Coverage Ratio decreased quarter-over-quarter but increased year-over-year, while nonperforming assets and nonaccrual loans decreased quarter-over-quarter due to a loan sale Credit Metrics and Asset Quality | Metric | June 30, 2025 | Mar 31, 2025 | June 30, 2024 | | :-------------------------------- | :------------ | :----------- | :------------ | | ACL Coverage Ratio (%) | 1.73% | 1.81% | 1.53% | | Nonperforming Assets to Total Assets (%) | 1.11% | 1.28% | 0.58% | | Total Nonaccrual Loans (in millions) | $37.5 | $42.9 | $14.0 | | Special Mention Loans (% of total portfolio loans) | $54.2 (2.0%) | $63.0 (2.4%) | $23.3 (1.2%) | | Substandard Loans (% of total portfolio loans) | $44.6 (1.7%) | $48.4 (1.8%) | $22.1 (1.2%) | - The decrease in nonperforming assets quarter-over-quarter was primarily due to the sale of a purchase credit deteriorated (PCD) loan acquired from IFH[19] Efficiency Ratios The efficiency ratio slightly increased quarter-over-quarter but improved year-over-year, with the core efficiency ratio remaining flat quarter-over-quarter Efficiency Ratios | Metric | 2Q 2025 | 1Q 2025 | 2Q 2024 | | :-------------------- | :------ | :------ | :------ | | Efficiency Ratio (%) | 65.1% | 64.9% | 67.1% | | Core Efficiency Ratio (%) | 62.8% | 62.8% | 66.9% | Yields and Cost of Deposits The average yield on interest-earning assets decreased, while the Commercial Bank Loan Yield remained flat quarter-over-quarter, and the total cost of deposits decreased Yields and Cost of Deposits | Metric | 2Q 2025 | Change from 1Q 2025 | Change from 2Q 2024 | | :-------------------------------- | :------ | :------------------ | :------------------ | | Average Yield on Interest Earning Assets (%) | 8.19% | -5 bps | -63 bps | | Commercial Bank Loan Yield (%) | 7.14% | Flat | +10 bps | | Total Cost of Deposits (%) | 2.36% | -6 bps | -25 bps | | Total Cost of Interest-Bearing Deposits (%) | 3.29% | -8 bps | -57 bps | - The decrease in average yield on interest-earning assets was due to minor changes in portfolio mix and the acquisition of commercial loans from IFH diluting the positive impact from OpenSky™[21] - The decrease in the total cost of deposits was due to lower rates on most products and a mix shift, while the decrease in interest-bearing deposits was primarily due to changes in product mix[21] Performance Ratios Return on average assets (ROA), return on average equity (ROE), and return on average tangible common equity (ROTCE) all decreased quarter-over-quarter but improved year-over-year Performance Ratios | Metric | 2Q 2025 (GAAP) | 2Q 2025 (Core) | 1Q 2025 (GAAP) | 1Q 2025 (Core) | 2Q 2024 (GAAP) | 2Q 2024 (Core) | | :-------------------- | :------------- | :------------- | :------------- | :------------- | :------------- | :------------- | | ROA (%) | 1.60% | 1.73% | 1.75% | 1.87% | 1.40% | 1.41% | | ROE (%) | 14.17% | 15.33% | 15.56% | 16.64% | 12.53% | 12.62% | | ROTCE (%) | 16.10% | 17.39% | 17.57% | 18.77% | 12.53% | 12.62% | Book Value and Tangible Book Value Both book value per common share and tangible book value per share increased quarter-over-quarter and year-over-year, with tangible book value impacted by IFH acquisition adjustments Book Value and Tangible Book Value (per share) | Metric | June 30, 2025 | Change from Mar 31, 2025 | Change from June 30, 2024 | | :-------------------------- | :------------ | :----------------------- | :------------------------ | | Book Value per Common Share | $22.92 | +$0.73 | +$3.66 | | Tangible Book Value per Share | $20.64 | +$0.83 (+4.2%) | +$1.39 (+7.2%) | - Tangible book value was impacted by the purchase accounting adjustments required as part of the IFH acquisition[22] Segment Performance Review Commercial Bank The Commercial Bank saw loan growth and increased net interest income, with improving asset quality metrics quarter-over-quarter Commercial Bank Performance | Metric | June 30, 2025 | Change from Mar 31, 2025 | | :-------------------------------- | :------------ | :----------------------- | | Portfolio Loans (in millions) | +$52.0 | N/A | | Interest Income (in millions) | $49.9 | +$1.8 | | Interest Expense (in millions) | $16.9 | +$0.2 | | Nonperforming Assets (% of total assets) | 1.11% | -17 bps | | Total Nonaccrual Loans (in millions) | $37.5 | -$5.4 | | Special Mention Loans (% of total portfolio loans) | $54.2 (2.0%) | -$8.8 (-0.4%) | | Substandard Loans (% of total portfolio loans) | $44.6 (1.7%) | -$1.1 (flat %) | - Commercial Bank loan growth was driven by $10.9 million from CRE owner and non-owner occupied, $17.1 million from residential real estate, and $9.3 million from lender finance loans[24] OpenSky™ Accounts OpenSky™ saw an increase in credit card accounts and loan balances, with stable net interest income and increased fee revenue, despite higher provision for credit losses due to portfolio growth OpenSky™ Accounts Performance | Metric | June 30, 2025 | Change from Mar 31, 2025 | Change from June 30, 2024 | | :-------------------------------- | :------------ | :----------------------- | :------------------------ | | Credit Card Accounts (in thousands) | 585.4 | +21.7 (+3.8%) | +47.6 (+8.9%) | | Secured & Unsecured Loan Balances (net of reserves, in millions) | $131.0 | +$12.3 (+10.4%) | N/A | | Gross Unsecured Loan Balances (in millions) | $46.4 | +$7.4 (+18.9%) | +$12.8 | | Gross Secured Loan Balances (in millions) | $86.4 | +$5.1 (+6.3%) | -$4.6 (-5.0%) | | Deposit Balances (in millions) | $168.9 | Flat | N/A | | Net Interest Income (in millions) | $14.5 | In-line | N/A | | Total Fee Revenue (in millions) | $4.3 | +$0.6 | N/A | | Provision for Credit Losses (in millions) | $2.9 | +$1.1 | N/A | - The increase in OpenSky's provision for credit losses was mainly due to growth in both the secured and unsecured portfolios[31] Capital Bank Home Loans (CBHL) CBHL saw an increase in loan originations held for sale, though the gain on sale as a percentage of loans sold slightly decreased quarter-over-quarter Capital Bank Home Loans (CBHL) Metrics | Metric | 2Q 2025 | 1Q 2025 | | :-------------------------- | :------ | :------ | | Originations of Loans Held for Sale (in millions) | $80.3 | $65.8 | | Mortgage Loans Sold (in millions) | $59.7 | $54.1 | | Gain on Sale of Loans (in millions) | $1.6 | $1.7 | | Gain on Sale as % of Loans Sold (%) | 2.68% | 3.07% | Windsor Advantage™ Windsor Advantage™ reported a slight increase in gross government loan servicing revenue and continued growth in its total servicing portfolio Windsor Advantage™ Metrics | Metric | 2Q 2025 | 1Q 2025 | | :-------------------------------- | :------ | :------ | | Gross Government Loan Servicing Revenue (in millions) | $4.7 | $4.6 | | Capital Bank Related Servicing Fees (in millions) | $1.1 | $1.0 | | Total Servicing Portfolio (period end, in billions) | $2.9 | $2.7 | Comparative Financial Highlights Quarterly Financial Performance This section provides a comparative overview of quarterly earnings, common share data, and return ratios for Q2 2025, Q1 2025, and Q2 2024 Quarterly Financial Performance (in thousands, except per share data) | (in thousands, except per share data) | June 30, 2025 | March 31, 2025 | June 30, 2024 | 2Q25 vs 1Q25 ($ Change) | 2Q25 vs 1Q25 (% Change) | 2Q25 vs 2Q24 ($ Change) | 2Q25 vs 2Q24 (% Change) | | :------------------------------------ | :------------ | :------------- | :------------ | :---------------------- | :---------------------- | :---------------------- | :---------------------- | | Interest income | $64,586 | $62,760 | $50,615 | $1,826 | 2.9% | $13,971 | 27.6% | | Interest expense | $16,940 | $16,713 | $13,558 | $227 | 1.4% | $3,382 | 24.9% | | Net interest income | $47,646 | $46,047 | $37,057 | $1,599 | 3.5% | $10,589 | 28.6% | | Provision for credit losses | $4,081 | $2,246 | $3,417 | $1,835 | 81.7% | $664 | 19.4% | | Noninterest income | $13,106 | $12,549 | $6,890 | $557 | 4.4% | $6,216 | 90.2% | | Noninterest expense | $39,572 | $38,053 | $29,493 | $1,519 | 4.0% | $10,079 | 34.2% | | Net income | $13,136 | $13,932 | $8,205 | $(796) | (5.7)% | $4,931 | 60.1% | | Diluted Earnings per share | $0.78 | $0.82 | $0.59 | $(0.04) | (4.9)% | $0.19 | 32.2% | | Return on average assets (annualized, %) | 1.60% | 1.75% | 1.40% | N/A | N/A | N/A | N/A | | Return on average equity (annualized, %) | 14.17% | 15.56% | 12.53% | N/A | N/A | N/A | N/A | Six Months Ended Financial Performance This section presents the financial performance for the six months ended June 30, 2025, compared to the same period in 2024, showing significant year-over-year growth Six Months Ended Financial Performance (in thousands, except per share data) | (in thousands, except per share data) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | $ Change | % Change | | :------------------------------------ | :----------------------------- | :----------------------------- | :------- | :------- | | Interest income | $127,346 | $98,984 | $28,362 | 28.7% | | Interest expense | $33,653 | $26,919 | $6,734 | 25.0% | | Net interest income | $93,693 | $72,065 | $21,628 | 30.0% | | Provision for credit losses | $6,327 | $6,144 | $183 | 3.0% | | Noninterest income | $25,655 | $12,862 | $12,793 | 99.5% | | Noninterest expense | $77,625 | $58,980 | $18,645 | 31.6% | | Net income | $27,068 | $14,767 | $12,301 | 83.3% | | Diluted Earnings per share | $1.60 | $1.06 | $0.54 | 50.9% | | Return on average assets (annualized, %) | 1.68% | 1.28% | N/A | N/A | | Return on average equity (annualized, %) | 14.85% | 11.37% | N/A | N/A | Balance Sheet Highlights This section provides a comparative view of key balance sheet items across several quarters, showing significant growth in total assets, portfolio loans, and deposits year-over-year Balance Sheet Highlights (in thousands, except per share data) | (in thousands, except per share data) | June 30, 2025 | June 30, 2024 | % Change | March 31, 2025 | December 31, 2024 | September 30, 2024 | | :------------------------------------ | :------------ | :------------ | :------- | :------------- | :---------------- | :----------------- | | Assets | $3,388,662 | $2,438,583 | 39.0% | $3,349,805 | $3,206,911 | $2,560,788 | | Portfolio loans receivable | $2,739,808 | $2,021,588 | 35.5% | $2,678,406 | $2,630,163 | $2,107,522 | | Deposits | $2,940,738 | $2,100,428 | 40.0% | $2,891,333 | $2,761,939 | $2,186,224 | | Total stockholders' equity | $380,035 | $267,854 | 41.9% | $369,577 | $355,139 | $280,111 | | Tangible common equity | $342,262 | $267,854 | 27.8% | $329,936 | $318,196 | $280,111 | | Book value per share | $22.92 | $19.26 | 19.0% | $22.19 | $21.31 | $20.13 | | Tangible book value per share | $20.64 | $19.26 | 7.2% | $19.81 | $19.10 | $20.13 | | Dividends per share | $0.10 | $0.08 | 25.0% | $0.10 | $0.10 | $0.10 | Consolidated Financial Statements Consolidated Statements of Income This table presents unaudited consolidated statements of income for various periods, detailing interest income/expense, noninterest items, and net income Consolidated Statements of Income (in thousands) | (in thousands) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | :----------------------------- | :----------------------------- | | Total interest income | $64,586 | $62,760 | $61,707 | $52,610 | $50,615 | $127,346 | $98,984 | | Total interest expense | $16,940 | $16,713 | $17,380 | $14,256 | $13,558 | $33,653 | $26,919 | | Net interest income | $47,646 | $46,047 | $44,327 | $38,354 | $37,057 | $93,693 | $72,065 | | Provision for credit losses | $4,081 | $2,246 | $7,828 | $3,748 | $3,417 | $6,327 | $6,144 | | Total noninterest income | $13,106 | $12,549 | $11,913 | $6,635 | $6,890 | $25,655 | $12,862 | | Total noninterest expenses | $39,572 | $38,053 | $37,514 | $29,725 | $29,493 | $77,625 | $58,980 | | Net income | $13,136 | $13,932 | $7,533 | $8,672 | $8,205 | $27,068 | $14,767 | Consolidated Balance Sheets This table presents unaudited consolidated balance sheets for various quarterly periods, detailing assets, liabilities, and stockholders' equity, showing the company's financial position Consolidated Balance Sheets (in thousands, except share data) | (in thousands, except share data) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Total assets | $3,388,662 | $3,349,805 | $3,206,911 | $2,560,788 | $2,438,583 | | Total portfolio loans held for investment, net | $2,692,361 | $2,629,952 | $2,581,511 | $2,075,597 | $1,990,756 | | Total deposits | $2,940,738 | $2,891,333 | $2,761,939 | $2,186,224 | $2,100,428 | | Total liabilities | $3,008,627 | $2,980,228 | $2,851,772 | $2,280,677 | $2,170,729 | | Total stockholders' equity | $380,035 | $369,577 | $355,139 | $280,111 | $267,854 | Average Balances and Interest Rate Analysis Quarterly Average Balances and Rates This section details average outstanding balances, interest income/expense, and average yields/rates for assets and liabilities for quarterly periods Quarterly Average Balances and Rates | | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :------------ | | Assets | | | | | Total interest earning assets (Avg. Outstanding Balance, in thousands) | $3,163,421 | $3,087,943 | $2,307,070 | | Total interest earning assets (Interest Income, in thousands) | $64,586 | $62,760 | $50,615 | | Total interest earning assets (Yield, %) | 8.19% | 8.24% | 8.82% | | Liabilities | | | | | Total interest bearing liabilities (Avg. Outstanding Balance, in thousands) | $2,070,576 | $2,019,328 | $1,412,581 | | Total interest bearing liabilities (Interest Expense, in thousands) | $16,940 | $16,713 | $13,558 | | Total interest bearing liabilities (Rate, %) | 3.28% | 3.36% | 3.86% | | Net interest spread (%) | 4.91% | 4.88% | 4.96% | | Net interest margin (%) | 6.04% | 6.05% | 6.46% | Six Months Ended Average Balances and Rates This table provides the average outstanding balances, interest income/expense, and average yields/rates for assets and liabilities for the six months ended June 30, 2025, and June 30, 2024 Six Months Ended Average Balances and Rates | | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :----------------------------- | :----------------------------- | | Assets | | | | Total interest earning assets (Avg. Outstanding Balance, in thousands) | $3,125,891 | $2,280,867 | | Total interest earning assets (Interest Income, in thousands) | $127,346 | $98,984 | | Total interest earning assets (Yield, %) | 8.22% | 8.73% | | Liabilities | | | | Total interest-bearing liabilities (Avg. Outstanding Balance, in thousands) | $2,045,094 | $1,395,989 | | Total interest-bearing liabilities (Interest Expense, in thousands) | $33,653 | $26,919 | | Total interest-bearing liabilities (Rate, %) | 3.32% | 3.88% | | Net interest spread (%) | 4.90% | 4.85% | | Net interest margin (%) | 6.04% | 6.35% | Segment Financial Performance Tables Segment Overview and Restructuring The company's reportable segments include Commercial Banking, OpenSky™, Windsor Advantage™, and Capital Bank Home Loans, with Corporate activities now in Commercial Bank - The company's reportable segments are Commercial Banking, OpenSky™ (credit card division), Windsor Advantage™, and Capital Bank Home Loans (mortgage loan division)[44] - The previously disclosed Corporate reportable segment has been restructured, with its activities now reflected within the Commercial Bank, ensuring appropriate comparability for financial disclosures[44] Quarterly Segment Performance These tables present the financial performance for each reportable segment for the three months ended June 30, 2025, March 31, 2025, and June 30, 2024 Quarterly Segment Performance - 2Q25 (in thousands) | (in thousands) | Commercial Bank (2Q25) | OpenSky™ (2Q25) | Windsor Advantage™ (2Q25) | CBHL (2Q25) | Consolidated (2Q25) | | :------------------------------------ | :--------------------- | :-------------- | :------------------------ | :---------- | :------------------ | | Interest income | $49,929 | $14,494 | $0 | $163 | $64,586 | | Net interest income | $33,073 | $14,494 | $0 | $79 | $47,646 | | Provision for credit losses | $1,159 | $2,922 | $0 | $0 | $4,081 | | Total noninterest income | $2,546 | $4,323 | $4,696 | $1,541 | $13,106 | | 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 | Quarterly Segment Performance - 1Q25 (in thousands) | (in thousands) | Commercial Bank (1Q25) | OpenSky™ (1Q25) | Windsor Advantage™ (1Q25) | CBHL (1Q25) | Consolidated (1Q25) | | :------------------------------------ | :--------------------- | :-------------- | :------------------------ | :---------- | :------------------ | | Interest income | $48,164 | $14,444 | $0 | $152 | $62,760 | | Net interest income | $31,515 | $14,444 | $0 | $88 | $46,047 | | Provision for credit losses | $446 | $1,800 | $0 | $0 | $2,246 | | Total noninterest income | $2,474 | $3,733 | $4,606 | $1,736 | $12,549 | | Total noninterest expenses | $18,560 | $13,302 | $3,660 | $2,531 | $38,053 | | Net income (loss) before taxes | $14,983 | $3,075 | $946 | $(707) | $18,297 | | Total assets | $3,192,327 | $119,636 | $23,750 | $14,092 | $3,349,805 | Quarterly Segment Performance - 2Q24 (in thousands) | (in thousands) | Commercial Bank (2Q24) | OpenSky™ (2Q24) | Windsor Advantage™ (2Q24) | CBHL (2Q24) | Consolidated (2Q24) | | :------------------------------------ | :--------------------- | :-------------- | :------------------------ | :---------- | :------------------ | | Interest income | $34,698 | $15,785 | $0 | $132 | $50,615 | | Net interest income | $21,223 | $15,785 | $0 | $49 | $37,057 | | Provision for credit losses | $1,118 | $2,299 | $0 | $0 | $3,417 | | Total noninterest income | $677 | $4,368 | $0 | $1,845 | $6,890 | | Total noninterest expense | $13,218 | $13,775 | $0 | $2,500 | $29,493 | | Net income (loss) before taxes | $7,460 | $4,079 | $0 | $(606) | $10,933 | | Total assets | $2,303,368 | $115,593 | $0 | $19,622 | $2,438,583 | Six Months Ended Segment Performance These tables provide the financial performance for each reportable segment for the six months ended June 30, 2025, and June 30, 2024, offering a half-year comparative view Six Months Ended Segment Performance - 6M25 (in thousands) | (in thousands) | Commercial Bank (6M25) | OpenSky™ (6M25) | Windsor Advantage™ (6M25) | CBHL (6M25) | Consolidated (6M25) | | :------------------------------------ | :--------------------- | :-------------- | :------------------------ | :---------- | :------------------ | | Interest income | $98,093 | $28,938 | $0 | $315 | $127,346 | | Net interest income | $64,588 | $28,938 | $0 | $167 | $93,693 | | Provision for credit losses | $1,605 | $4,722 | $0 | $0 | $6,327 | | Total noninterest income | $5,020 | $8,056 | $9,302 | $3,277 | $25,655 | | 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 | Six Months Ended Segment Performance - 6M24 (in thousands) | (in thousands) | Commercial Bank (6M24) | OpenSky™ (6M24) | Windsor Advantage™ (6M24) | CBHL (6M24) | Consolidated (6M24) | | :------------------------------------ | :--------------------- | :-------------- | :------------------------ | :---------- | :------------------ | | Interest income | $68,063 | $30,706 | $0 | $215 | $98,984 | | Net interest income | $41,268 | $30,706 | $0 | $91 | $72,065 | | Provision for credit losses | $2,286 | $3,858 | $0 | $0 | $6,144 | | Total noninterest income | $1,382 | $8,283 | $0 | $3,197 | $12,862 | | Total noninterest expenses | $27,001 | $27,374 | $0 | $4,605 | $58,980 | | Net income (loss) before taxes | $13,117 | $7,757 | $0 | $(1,317) | $19,557 | | Total assets | $2,303,368 | $115,593 | $0 | $19,622 | $2,438,583 | Historical Financial Highlights Key Financial and Asset Quality Ratios This section provides a historical overview of key earnings, balance sheet, asset quality, and capital ratios across several quarters Key Financial and Asset Quality Ratios | (in thousands, except per share data) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Net income (in thousands) | $13,136 | $13,932 | $7,533 | $8,672 | $8,205 | | Earnings per common share, diluted (per share) | $0.78 | $0.82 | $0.45 | $0.62 | $0.59 | | Net interest margin (%) | 6.04% | 6.05% | 5.87% | 6.41% | 6.46% | | Return on average assets (%) | 1.60% | 1.75% | 0.96% | 1.42% | 1.40% | | Efficiency ratio (%) | 65.14% | 64.94% | 66.70% | 66.07% | 67.11% | | Total portfolio loans receivable, net deferred fees (in thousands) | $2,739,808 | $2,678,406 | $2,630,163 | $2,107,522 | $2,021,588 | | Total deposits (in thousands) | $2,940,738 | $2,891,333 | $2,761,939 | $2,186,224 | $2,100,428 | | Nonperforming assets to total assets (%) | 1.11% | 1.28% | 0.94% | 0.60% | 0.58% | | Net charge-offs to average portfolio loans (annualized, %) | 0.75% | 0.38% | 0.37% | 0.51% | 0.39% | | Allowance for credit losses to total loans (%) | 1.73% | 1.81% | 1.85% | 1.51% | 1.53% | | Common Equity Tier-1 capital ratio (Holding Company, %) | 13.58% | 13.24% | 13.74% | 14.78% | 15.08% | Composition of Loans and Deposits This section details the historical composition of the loan portfolio by type and deposits by interest-bearing status, along with key metrics for Capital Bank Home Loans and OpenSky™ portfolio Composition of Loans and Deposits (in thousands, except accounts and percentages) | (in thousands) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Composition of Loans: | | | | | | | Commercial real estate, non owner occupied | $495,341 | $484,399 | $471,329 | $403,487 | $397,080 | | Residential real estate | $710,730 | $693,597 | $688,552 | $623,684 | $601,312 | | Commercial and industrial | $593,279 | $594,331 | $554,550 | $271,811 | $255,686 | | Credit card, net of reserve | $131,029 | $118,709 | $127,766 | $127,098 | $122,217 | | Portfolio loans receivable, net | $2,739,808 | $2,678,406 | $2,630,163 | $2,107,522 | $2,021,588 | | Composition of Deposits: | | | | | | | Noninterest-bearing | $836,979 | $812,224 | $810,928 | $718,120 | $684,574 | | Money markets | $960,237 | $912,418 | $816,708 | $686,526 | $672,455 | | Total deposits | $2,940,738 | $2,891,333 | $2,761,939 | $2,186,224 | $2,100,428 | | Capital Bank Home Loan Metrics: | | | | | | | Origination of loans held for sale | $80,334 | $65,815 | $89,998 | $74,690 | $82,363 | | Gain on sale as a % of loans sold | 2.68% | 3.07% | 2.45% | 2.44% | 2.61% | | OpenSky™ Portfolio Metrics: | | | | | | | Open customer accounts (accounts) | 585,372 | 563,718 | 552,566 | 548,952 | 537,734 | | Secured credit card loans, gross | $86,400 | $81,252 | $87,226 | $89,641 | $90,961 | | Unsecured credit card loans, gross | $46,352 | $38,987 | $42,430 | $39,730 | $33,560 | Appendix: Non-GAAP Reconciliations Core Earnings Metrics Reconciliation This section provides a reconciliation of GAAP net income, EPS, ROA, ROE, and efficiency ratios to their respective core (non-GAAP) measures for quarterly and six-month periods Core Earnings Metrics Reconciliation - Quarterly (in thousands, except per share data) | (in thousands, except per share data) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Net Income (GAAP) | $13,136 | $13,932 | $7,533 | $8,672 | $8,205 | | Core Net Income | $14,206 | $14,896 | $15,473 | $9,229 | $8,267 | | Earnings per Share - Diluted (GAAP) | $0.78 | $0.82 | $0.45 | $0.62 | $0.59 | | Core Earnings per Share - Diluted | $0.85 | $0.88 | $0.92 | $0.66 | $0.59 | | Return on Average Assets (GAAP, %) | 1.60% | 1.75% | 0.96% | 1.42% | 1.40% | | Core Return on Average Assets (%) | 1.73% | 1.87% | 1.97% | 1.51% | 1.41% | | Efficiency Ratio (GAAP, %) | 65.1% | 64.9% | 66.7% | 66.1% | 67.1% | | Core Efficiency Ratio (%) | 62.8% | 62.8% | 59.3% | 64.9% | 66.9% | Core Earnings Metrics Reconciliation - Six Months Ended (in thousands, except per share data) | (in thousands, except per share data) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :----------------------------- | :----------------------------- | | Net Income (GAAP) | $27,068 | $14,767 | | Core Net Income | $29,102 | $15,367 | | Earnings per Share - Diluted (GAAP) | $1.60 | $1.06 | | Core Earnings per Share - Diluted | $1.72 | $1.10 | | Return on Average Assets (GAAP, %) | 1.68% | 1.28% | | Core Return on Average Assets (%) | 1.80% | 1.33% | | Efficiency Ratio (GAAP, %) | 65.0% | 69.4% | | Core Efficiency Ratio (%) | 62.8% | 68.5% | Commercial Bank Net Interest Margin and Loan Yield Reconciliation This section reconciles the Commercial Bank's net interest margin and portfolio loans receivable yield, separating out non-Commercial Bank components to provide a focused view of its performance Commercial Bank Net Interest Margin and Loan Yield Reconciliation - Quarterly (in thousands) | (in thousands) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Commercial Bank Net Interest Income | $33,073 | $31,515 | $28,812 | $22,676 | $21,223 | | Average Commercial Bank Interest Earning Assets | $3,044,348 | $2,959,665 | $2,869,680 | $2,251,040 | $2,187,269 | | Commercial Bank Net Interest Margin (%) | 4.36% | 4.32% | 3.99% | 4.01% | 3.90% | | Commercial Bank Portfolio Loans Receivable Interest Income | $46,531 | $44,305 | $43,387 | $34,749 | $32,938 | | Total Commercial Bank Average Portfolio Loans Receivable | $2,612,451 | $2,515,387 | $2,471,967 | $1,934,161 | $1,881,342 | | Commercial Bank Portfolio Loans Receivable Yield (%) | 7.14% | 7.14% | 6.98% | 7.15% | 7.04% | Commercial Bank Net Interest Margin and Loan Yield Reconciliation - Six Months Ended (in thousands) | (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :----------------------------- | :----------------------------- | | Commercial Bank Net Interest Income | $64,588 | $41,268 | | Average Commercial Bank Interest Earning Assets | $3,008,413 | $2,162,867 | | Commercial Bank Net Interest Margin (%) | 4.33% | 3.84% | | Commercial Bank Portfolio Loans Receivable Interest Income | $90,836 | $64,389 | | Total Commercial Bank Average Portfolio Loans Receivable | $2,564,187 | $1,849,116 | | Commercial Bank Portfolio Loans Receivable Yield (%) | 7.14% | 7.00% | Pre-tax, Pre-Provision Net Revenue (PPNR) Reconciliation This section reconciles net income to Pre-tax, Pre-provision Net Revenue (PPNR) and Core PPNR for quarterly and six-month periods Pre-tax, Pre-Provision Net Revenue (PPNR) Reconciliation - Quarterly (in thousands) | (in thousands) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Net Income | $13,136 | $13,932 | $7,533 | $8,672 | $8,205 | | Pre-tax, Pre-Provision Net Revenue ("PPNR") | $21,180 | $20,543 | $18,726 | $15,264 | $14,454 | | Core PPNR | $22,578 | $21,809 | $23,961 | $15,784 | $14,537 | Pre-tax, Pre-Provision Net Revenue (PPNR) Reconciliation - Six Months Ended (in thousands) | (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :----------------------------- | :----------------------------- | | Net Income | $27,068 | $14,767 | | Pre-tax, Pre-Provision Net Revenue ("PPNR") | $41,723 | $25,947 | | Core PPNR | $44,387 | $26,742 | Asset Quality Ratios Reconciliation This section provides reconciliations for various asset quality ratios, including Allowance for Credit Losses (ACL) to Total Portfolio Loans, Nonperforming Assets to Total Assets, and Net Charge-Offs to Average Portfolio Loans for quarterly periods Asset Quality Ratios Reconciliation (in thousands, except percentages) | (in thousands) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Allowance for Credit Losses | $47,447 | $48,454 | $48,652 | $31,925 | $30,832 | | Total Portfolio Loans | $2,739,808 | $2,678,406 | $2,630,163 | $2,107,522 | $2,021,588 | | Allowance for Credit Losses to Total Portfolio Loans (%) | 1.73% | 1.81% | 1.85% | 1.51% | 1.53% | | Commercial Bank Allowance for Credit Losses to Total Portfolio Loans (%) | 1.56% | 1.67% | 1.70% | 1.24% | 1.26% | | Total Nonperforming Assets | $37,505 | $42,934 | $30,241 | $15,460 | $14,053 | | Nonperforming Assets to Total Assets (%) | 1.11% | 1.28% | 0.94% | 0.60% | 0.58% | | Total Net Charge-Offs | $5,088 | $2,427 | $2,444 | $2,655 | $1,935 | | Net Charge-Offs to Average Portfolio Loans, Annualized (%) | 0.75% | 0.38% | 0.37% | 0.51% | 0.39% | Tangible Book Value and Return on Average Tangible Common Equity Reconciliation This section reconciles total stockholders' equity to tangible common equity and book value per share to tangible book value per share, and derives Return on Average Tangible Common Equity (ROTCE) and Core ROTCE Tangible Book Value and Return on Average Tangible Common Equity Reconciliation - Quarterly (in thousands, except share and per share data) | (in thousands, except share and per share data) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :------------------------------------ | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Total Stockholders' Equity | $380,035 | $369,577 | $355,139 | $280,111 | $267,854 | | Tangible Common Equity | $342,262 | $329,936 | $318,196 | $280,111 | $267,854 | | Tangible Book Value per Share | $20.64 | $19.81 | $19.10 | $20.13 | $19.26 | | Return on Average Tangible Common Equity (%) | 16.10% | 17.57% | 9.33% | 12.59% | 12.53% | | Core Return on Average Tangible Common Equity (%) | 17.39% | 18.77% | 18.91% | 13.40% | 12.62% | Tangible Book Value and Return on Average Tangible Common Equity Reconciliation - Six Months Ended (in thousands) | (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :----------------------------- | :----------------------------- | | Net Tangible Income | $27,467 | $14,767 | | Net Average Tangible Common Equity | $329,247 | $261,159 | | Return on Average Tangible Common Equity (%) | 16.82% | 11.37% | | Core Net Tangible Income | $29,501 | $15,367 | | Core Return on Average Tangible Common Equity (%) | 18.07% | 11.83% | Company Information and Disclosures About Capital Bancorp, Inc. Capital Bancorp, Inc. is a Maryland-incorporated bank holding company established in 1999, with approximately $3.4 billion in assets as of June 30, 2025 - Capital Bancorp, Inc. is a Maryland-incorporated bank holding company providing financial services since 1999[78] - The company operates bank branches in Washington, D.C., Baltimore, other Maryland markets, Fort Lauderdale, Florida, Chicago, Illinois, and Raleigh, North Carolina[78] Company Overview | Metric | Value | | :-------------------- | :------------ | | Total Assets (June 30, 2025, in billions) | ~$3.4 | | NASDAQ Ticker | CBNK | Forward-Looking Statements This section contains cautionary statements regarding forward-looking information, emphasizing that actual results may differ materially due to various factors, and the company disclaims any obligation to update these statements - Forward-looking statements reflect current views on future events and financial performance, but actual results may differ materially due to various factors[79] - Key factors that could cause actual results to differ include the strength of the U.S. economy, geopolitical concerns, uncertainty in U.S. fiscal and monetary policy (including interest rates), inflation/deflation, market volatility, competitive pressures, changes in financial services policies and regulations, cybersecurity threats, climate change, and the integration impact of acquisitions like IFH[80] - 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, except as required by law[81]