Capital Bancorp, Inc. — Third Quarter 2026 Earnings Summary

Capital Bancorp, Inc. reported third-quarter 2026 net income of $13.1 million, a decrease from the previous quarter, while core net income rose 3.2% to $14.7 million. The company announced a definitive merger agreement with Peoples Bancorp, Inc., valued at an implied $43.75 per share, and simultaneously agreed to sell its Chicago branch. Total deposits decreased by 6.1% to $3.319 billion, primarily due to seasonality in title business deposits and the reduction of a single large customer relationship. Gross loans grew 10.4% year-over-year to $3.114 billion, driven by strong expansion in commercial and industrial and residential real estate portfolios.