Capital Bancorp, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, reporting third-quarter net income of $13.122 million and total assets of $3.802 billion.

Key Highlights

  • Net income: $13.122 million for the three months ended September 30, 2026, compared with $15.065 million for the same period in 2025.
  • Total assets: $3.802553 billion as of September 30, 2026, up from $3.606207 billion at December 31, 2025.
  • Net interest income: $53.078 million for Q3 2026, compared with $52.020 million for Q3 2025.
  • Total noninterest expenses: $45.722 million for Q3 2026, compared with $38.354 million for Q3 2025, with merger-related expenses of $1.577 million in the quarter.
  • Diluted earnings per share: $0.80 for Q3 2026, versus $0.89 for Q3 2025.
  • Total deposits: $3.319135 billion at September 30, 2026, up from $3.093200 billion at December 31, 2025.
  • Shares outstanding: 16,347,193 shares of common stock as of November 4, 2026, according to the filing.

Capital Bancorp's Third-Quarter 2026 Financial Results and Balance Sheet Changes

According to the filing, Capital Bancorp, Inc. (NASDAQ:CBNK), a Maryland corporation headquartered in Rockville, Maryland, reported net income of $13.122 million for the three months ended September 30, 2026, a decrease from $15.065 million in the year-ago quarter. For the nine months ended September 30, 2026, the company reported net income of $39.390 million, compared with $42.133 million for the same period in 2025. Basic earnings per share were $0.81 for Q3 2026 and $2.42 for the nine-month period, the filing stated.

Total interest income rose to $72.292 million in Q3 2026 from $64.891 million in Q3 2025, while total interest expense increased to $19.214 million from $12.871 million over the same comparison. The provision for credit losses was $4.903 million for the third quarter of 2026, against $4.650 million in the prior-year quarter. Total noninterest income reached $15.039 million in Q3 2026, up from $11.068 million in Q3 2025, with government loan servicing revenue of $5.073 million representing a notable line item. Total noninterest expenses increased to $45.722 million from $38.354 million, driven in part by salaries and employee benefits of $21.116 million and professional fees of $4.919 million, the filing disclosed.

On the balance sheet, portfolio loans receivable, net of deferred fees and costs, grew to $3.114264 billion at September 30, 2026, from $2.959457 billion at December 31, 2025. The allowance for credit losses stood at $55.493 million. Total stockholders' equity was $431.450 million at quarter end, compared with $401.757 billion at December 31, 2025. The filing noted that certain balance sheet items, including loans held for sale, premises and equipment, and total deposits, include balances associated with held-for-sale transactions in connection with the Chicago Branch Sale.

What Was Disclosed

Capital Bancorp filed its quarterly report covering the period ended September 30, 2026, disclosing income statements, balance sheets, and equity changes. Key items include lower year-over-year net income, higher total assets and deposits, rising noninterest expenses, and merger-related charges of $1.577 million in the quarter.