Earnings Releases·Oct 26, 2026, 4:04 PM ET

Capital Bancorp, Inc. — Third Quarter 2026 Earnings Summary

GAAP net income declined 12.9% year-over-year to $13.1 million, while core net income rose 21.0% to $14.7 million; diluted EPS fell to $0.80, whereas core diluted EPS increased to $0.89.
The Company announced a definitive all-stock merger agreement with Peoples Bancorp, Inc., offering 1.11 shares of Peoples stock per Capital Bancorp share (implied value $43.75), subject to regulatory and shareholder approvals.
Net interest income grew 2.0% year-over-year to $53.1 million, driven by a 10.4% increase in gross loans, though total deposits declined 6.1% quarter-over-quarter due to seasonality and a major customer non-renewal.
Management suspended the stock repurchase program pending the merger, while noninterest expenses rose 19.2% year-over-year to $45.7 million, impacted by $1.577 million in merger-related costs.
The Company declared a $0.14 per share cash dividend and reported a tangible book value per share of $23.98, up 12.4% from the prior year.