CBNK Delivers Strong Revenue Growth and Positive Operating Leverage
Globe Newswire•26/10/2026•16:05 ET
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Key Highlights
- ➤Peoples Bancorp to acquire Capital Bancorp in all-stock deal valued at $43.75 per share
- ➤Merger implies approximately 22.7% premium to Capital Bancorp’s September 29 closing price
- ➤Third-quarter core EPS rose 2.3% sequentially to $0.89
- ➤Gross loans grew 10.4% year-over-year to $3.1 billion
- ➤Net income fell 12.9% year-over-year to $13.1 million
Expert Statements
Steven J. Schwartz, Chairman of Capital Bancorp, Inc.
“This was indeed a very busy quarter with the announcements of the merger with Peoples Bank and the sale of our Chicago branch. However, it is also important to note our continued steady net interest margin and tangible net book value growth, along with sustained double-digit loan growth and the quarter-over-quarter increase in core earnings per share. The Board is excited about both the synergistic opportunities the merger provides as well as our independent organic growth and performance prospects.”
Ed Barry, CEO of Capital Bancorp, Inc.
“We are excited about our combination with Peoples Bank and what it will bring to our franchises. Our current quarter results reflect work on the merger and continued progress on our strategic plan. Prudent and disciplined financial management is demonstrated in our ability to deliver strong profitability in a volatile operating environment.”
ROCKVILLE, Md., Oct. 26, 2026 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (the "Company") (NASDAQ: CBNK), the holding company for Capital Bank, N.A. (the "Bank"), today reported:
Quarter Ended% Change (Annualized) (in millions, except per share data)3Q262Q263Q253Q26 vs 2Q263Q26 vs 3Q25 Balance Sheet Summary Gross Loans (()(1))$ 3,114$3,086$2,8223.6%10.4% Total Deposits3,3193,3712,912(6.1)%14.0% Customer Deposits (()(2))2,9883,1402,675(19.2)%11.7% Tangible Book Value per share (()(3))$ 23.98$23.45$21.339.0%12.4%
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