Capital Bancorp Inc

Capital Bancorp Inc.'s subsidiary, Capital Bank, announced the appointment of James "Jay" Como III as its new Chief Operating Officer. Mr. Como will be responsible for leading enterprise operations, with a strategic focus on modernizing critical processes, enhancing coordination, and leveraging data, automation, and artificial intelligence to improve efficiency. He brings over two decades of financial services leadership experience, including roles at T. Rowe Price and Silicon Valley Bank. CEO Steve Poynot highlighted Como's expertise as crucial for strengthening the bank's systems and processes to support its continued growth and expanded use of technology.

Capital Bancorp reported strong unaudited financial results for the second quarter of 2026, with diluted earnings per share of $0.87, marking a 19.2% increase from the previous quarter. Net income grew 18.6% to $14.3 million, and Return on Assets (ROA) was 1.52%. The company's Board of Directors also declared a quarterly cash dividend of $0.14 per share, representing a 16.7% increase from the prior dividend, payable on August 26, 2026, to stockholders of record on August 10, 2026.

Capital Bancorp, Inc.'s Board of Directors has unanimously approved submitting governance proposals to stockholders. These proposals aim to eliminate the Company's classified board structure and all supermajority voting provisions within its Articles of Incorporation. If approved, future directors would be elected for one-year terms, and supermajority voting requirements for director removal, classified board amendments, and certain business combinations would be removed, along with a conforming amendment to the Bylaws.

Capital Bank, N.A., a subsidiary of Capital Bancorp, Inc., announced the appointment of Don Busick to its Board of Directors. Mr. Busick brings extensive experience in digital transformation, product management, and enterprise technology from his nearly 22-year tenure at Capital One, where he most recently served as Executive Vice President leading enterprise-wide digital products and platforms. His expertise is expected to provide strategic guidance as Capital Bank continues to modernize its digital capabilities and enhance customer experiences across its various business lines.

Capital Bancorp reported a decrease in net income and EPS for Q1 2026 compared to Q1 2025, with net income falling 13.7% to $12.0 million and diluted EPS decreasing to $0.73. Despite this, the company saw growth in total assets, deposits, and portfolio loans. Interest income increased, but was offset by higher interest expenses and a significant rise in noninterest expenses, particularly professional fees. The company also increased its provision for credit losses and observed an increase in past due loans and loan modifications.

Capital Bancorp, Inc. reported Q1 2026 net income of $12.0 million, a 20.1% decrease quarter-over-quarter, with diluted earnings per share of $0.73, down 19.8% from 4Q 2025. Despite the decline in earnings, the company demonstrated strong balance sheet growth, with gross loans increasing 9.2% annualized and total deposits growing 26.1% annualized. Capital Bancorp is accelerating strategic investments in technology and new OpenSky™ products, while also returning capital to shareholders through $3.5 million in share repurchases and a $0.12 per share cash dividend.

Capital Bancorp, Inc. reported a net income of $12.0 million, or $0.73 diluted EPS, for Q1 2026, representing a decrease of 20.0% and 19.8% respectively from the previous quarter. Despite the decline in earnings, the company demonstrated strong balance sheet growth, with gross loans increasing 9.2% annualized and total deposits growing 26.1% annualized from 4Q 2025. The company also continued strategic investments in technology and new products, repurchased $3.5 million of common stock, and declared a $0.12 per share cash dividend.