# EDGAR Filing Document

**Accession Number:** 0001419536
**File Stem:** 0001419536-25-000099
**Filing Date:** 2025-10
**Character Count:** 142934
**Document Hash:** 38c8789722400eaaa9c9e8b6a5180248
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001419536-25-000099.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001419536-25-000099

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20251027

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Bancorp Inc
- **CENTRAL INDEX KEY:** 0001419536
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 522083046
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38671
- **FILM NUMBER:** 251419826

**BUSINESS ADDRESS:**
- **STREET 1:** One Church Street
- **STREET 2:** Suite 300
- **CITY:** Rockville
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** (301) 868-8848

**MAIL ADDRESS:**
- **STREET 1:** One Church Street
- **STREET 2:** Suite 300
- **CITY:** Rockville
- **STATE:** MD
- **ZIP:** 20850

?xml version='1.0' encoding='ASCII'? cbnk-20251027

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE** 

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): October 27, 2025

**<u>CAPITAL BANCORP, INC.</u>**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;<u>Maryland</u> | &nbsp;&nbsp;<u>001-38671</u> | &nbsp;&nbsp;<u>52-2083046</u> |
| &nbsp;&nbsp;(State or other jurisdiction of incorporation or organization) | &nbsp;&nbsp;(Commission file number) | &nbsp;&nbsp;(IRS Employer Identification No.) |

---

<u>2275 Research Boulevard, Suite 600, Rockville, Maryland 20850</u> 

(Address of principal executive offices) (Zip Code)

<u>(301) 468-8848</u> 

Registrant's telephone number, including area code

<u>Not Applicable</u>

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered |
| Common Stock, par value $0.01 per share | CBNK | NASDAQ Stock Market |

---

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**Item 2.02 Results of Operations and Financial Disclosure**

On October 27, 2025, Capital Bancorp, Inc. (the "Company") issued a press release announcing the Company's unaudited financial results for the three and nine months ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and hereby incorporated by reference. A presentation regarding the Company's financial results for the three and nine months ended September 30, 2025 is furnished as Exhibit 99.2 and incorporated herein by reference.

The information furnished under Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933, as amended, except as shall be set forth by specific reference in such filing.

**Item 8.01. Other Events**

On October 24, 2025, the Company's Board of Directors declared a $0.12 per share dividend, payable on November 26, 2025 to stockholders of record on November 10, 2025.

**Item 9.01. Financial Statements and Exhibits**

**(d) Exhibits**

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| | |
|:---|:---|
| 99.1 | <u>[Press Release, dated October 27, 2025.](earningsrelease9302025.htm)</u> |
| 99.2 | <u>[Investor Presentation September 2025.](investoroverview09302025.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | **CAPITAL BANCORP, INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** |
| Date: October 27, 2025 | By: <u>/s/ Dominic C. Canuso</u> |
|  | Name: Dominic C. Canuso |
|  | Title: Chief Financial Officer |

---

## Exhibit 99.1

![capitalbancorplogoa21a.jpg](capitalbancorplogoa21a.jpg)

**CBNK Reports 3Q EPS of $0.89**

**3Q ROA of 1.77% and ROE of 15.57%**

**Continued Strong Growth in Loans and Book Value**

**<u>Third Quarter 2025 Highlights</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP Net Income of $15.1 million, or $0.89 per share, and return on average assets ("ROA") of 1.77%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Core net income<sup>(1)</sup> of $12.2 million, or $0.72 per share, and Core ROA<sup>(1)</sup> of 1.43%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Book value per common share of $23.80 at September 30, 2025, increased $0.88 compared to 2Q 2025, and increased $3.67 when compared to 3Q 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Tangible book value per share<sup>(1)</sup> of $21.27, increased 3.1% (not annualized), or $0.63 as compared to 2Q 2025, and increased 5.7%, or $1.15 compared to 3Q 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return on average equity ("ROE") of 15.57%, and return on average tangible common equity ("ROTCE")<sup>(1)</sup> of 17.49%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Core ROE<sup>(1)</sup> of 12.56%, and Core ROTCE<sup>(1)</sup> of 14.15%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross Loans<sup>(2)</sup> grew $82.2 million, or 11.9% (annualized), during 3Q 2025, and growth of $714.5 million year-over-year including $341.0 million from organic growth and $373.5 million from the IFH acquisition

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits decreased $28.7 million, or (3.9)% (annualized), from 2Q 2025. Year-over-year growth of $725.8 million includes $459.0 million from the acquisition of IFH, and $266.8 million from organic growth, or 33.2% from 3Q 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Customer Deposit<sup>3</sup> growth of $3.9 million, or 0.6% (annualized) from 2Q 2025, and $641.3 million year-over-year, or 31.5% from 3Q 2024, including $347.8 million of organic growth, and $293.5 million from the acquisition of IFH

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net Interest Income increased $4.4 million, or 9.2% (not annualized), from 2Q 2025, mainly due to the $4.6 million acceleration of accretion from refinancing callable brokered time deposits acquired in the IFH transaction, and increased $13.7 million, or 35.6%, year-over-year, primarily driven by strong organic growth and the acquisition of IFH

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net Interest Margin ("NIM") of 6.36% increased 32 bps compared to 2Q 2025 and decreased 5 bps compared to 3Q 2024 due to the acquisition of commercial loans from IFH, diluting the impact from OpenSky<sup>™</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Commercial Bank NIM<sup>(1)</sup> of 4.64% increased by 28 bps (but decreased 43 bps when excluding purchase accounting accretion ("PAA")), when compared to 2Q 2025, and increased 82 bps (or 12 bps excluding PAA), compared to 3Q 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ 3Q 2025 net PAA of $5.5 million, or 67 bps of NIM and 70 bps of Commercial Bank NIM<sup>(1)</sup>, increased $4.7 million, or 59 bps, compared to 2Q 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The allowance for credit losses to total loans ("ACL Coverage Ratio") equaled 1.88% at September 30, 2025, and represented a 15 bps increase from June 30, 2025 and a 37 bps increase from September 30, 2024, primarily due to the acquisition of IFH loans. The Commercial Bank ACL Coverage Ratio<sup>(1)</sup> equaled 1.70% at September 30, 2025, compared to 1.56% at June 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fee Revenue (noninterest income) totaled $11.1 million, or 18.9% of total revenue for 3Q 2025, a decrease of $2.0 million, from 2Q 2025 primarily due to decreased government lending revenue (net gain on sale) and an increase of $4.4 million, from 3Q 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cash Dividend of $0.12 per share declared by the Board of Directors

<sup>(1)</sup> As used in this press release, Core net income, Core ROA, Core ROE, ROTCE, Core ROTCE, Commercial Bank NIM, Commercial Bank ACL Coverage Ratio, and Tangible Book Value are non–U.S. generally accepted accounting principles ("GAAP") financial measures. These non-GAAP financial metrics excludes the impact of income from the call of brokered time deposits, merger-related expenses and other certain one-time non-recurring pre-tax adjustments and tax impacts of such adjustments. Reconciliations of these and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

<sup>(2)</sup> Gross loans represent portfolio loans receivable, net of deferred fees and costs.

<sup>(3)</sup> Customer Deposits represents total deposits excluding brokered deposits.

------

Rockville, Maryland, October 27, 2025 (GLOBE NEWSWIRE) – Capital Bancorp, Inc. (the "Company") (NASDAQ: CBNK), the holding company for Capital Bank, N.A. (the "Bank"), today reported net income of $15.1 million, or $0.89 per diluted share, for 3Q 2025, compared to net income of $13.1 million, or $0.78 per diluted share, for 2Q 2025, and $8.7 million, or $0.62 per diluted share, for 3Q 2024. Core net income<sup>(1)</sup> for 3Q 2025 of $12.2 million, or $0.72 per diluted share, compared to $14.2 million, or $0.85 per diluted share in 2Q 2025, and $9.2 million, or $0.66 per diluted share, for 3Q 2024.

The Company also declared a cash dividend on its common stock of $0.12 per share. The dividend is payable on November 26, 2025 to shareholders of record on November 10, 2025.

"We continue to execute on our strategic plan and see progress in driving long term growth and profitability" said Ed Barry, CEO of the Company and the Bank. "The diversity of our business continues to be a strength as outperformance in our government servicing business offset a decline in USDA gain-on-sales revenues."

"With and without the one-time items this quarter, we continue to grow our tangible book value and report solid returns on equity and tangible book value," said Steven J Schwartz, Chairman of the Company. "We believe our continued investment in technology and infrastructure, while negatively impacting our current core earnings, will help us provide long-term superior returns to our shareholders. I am also pleased that the uptick in our credit metrics is almost entirely due to loans acquired in the IFH transaction, not to loans originated by Capital Bank. That gives me reason for confidence that our credit discipline, combined with our superior net interest margin, continues to constitute a core competency."

**<u>Reconciliation of GAAP Net Income to Core (Non-GAAP) Net Income</u>**

The following table provides a reconciliation of the Company's net income under GAAP to Core net income (non-GAAP) results excluding brokered time deposit call, merger-related expenses and other one-time non-recurring transactions.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Second Quarter 2025** | **Second Quarter 2025** | **Second Quarter 2025** | **Second Quarter 2025** |
| (in thousands, except per share data) | **Income Before Income Taxes** | **Income Tax Expense (Benefit)** | **Net Income** | **Diluted Earnings per Share** | **Income Before Income Taxes** | **Income Tax Expense** | **Net Income** | **Diluted Earnings per Share** |
| **GAAP Net Income** | $19867 | $4802 | $15065 | $0.89 | $17099 | $3963 | $13136 | $0.78 |
| Deduct: Income from the Call of Brokered Time Deposits | (4618) | (1129) | (3489) |  |  |  |  |  |
| Add: Merger-Related Expenses | 697 | 122 | 575 |  | 1398 | 328 | 1070 |  |
| **Core Net Income**<sup>(1)</sup> | $15946 | $3795 | $12151 | $0.72 | $18497 | $4291 | $14206 | $0.85 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Nine Months Ended September 30, 2025** | **Nine Months Ended September 30, 2025** | **Nine Months Ended September 30, 2025** | **Nine Months Ended September 30, 2025** |
| (in thousands except per share data) | **Income Before Income Taxes** | **Income Tax Expense (Benefit)** | **Net Income** | **Diluted Earnings per Share** |
| **GAAP Net Income** | $55263 | $13130 | $42133 | $2.50 |
| Deduct: Income from the Call of Brokered Time Deposits | (4618) | (1129) | (3489) |  |
| Add: Merger-Related Expenses | 3361 | 752 | 2609 |  |
| **Core Net Income**<sup>(1)</sup> | $54006 | $12753 | $41253 | $2.45 |

---

Note: The income tax expense reflects the non-deductibility of certain merger-related expenses.

<sup>1</sup> As used in this press release, Core net income is a non-GAAP financial measure. This non-GAAP financial metric excludes the impact of income from the call of brokered time deposits<u>,</u> merger-related expenses and other certain one-time non-recurring pre-tax adjustments and tax impacts of such adjustments. Reconciliations of this and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

------

**<u>Third Quarter 2025 Results</u>**

**<u>Earnings Summary</u>**

Net income of $15.1 million, or $0.89 per diluted share, compared to net income of $13.1 million, or $0.78 per diluted share, for 2Q 2025, and $8.7 million or $0.62 per diluted share, for 3Q 2024. 3Q 2025 core net income<sup>(1)</sup> of $12.2 million, or $0.72 per diluted share, compared to 2Q 2025 of $14.2 million, or $0.85 per diluted share.

During the quarter there were two non-recurring events that impacted net income:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Bank identified Fee Revenue that was also previously recognized as Interest Income in the first and second quarter. As a result, the Bank recorded a one-time reversal of $1.3 million of interest income ("Interest Income Adjustment"). There was no corresponding adjustment needed to Fee Revenue as the fee income was correctly recognized during those periods.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Also, during the quarter, the Bank issued a call of brokered time deposits acquired from the IFH transaction, resulting in the accelerated accretion of $4.6 million ("Call of Brokered Time Deposits").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income of $52.0 million increased $4.4 million, or 9.2% (not annualized), compared to 2Q 2025, and increased $13.7 million, or 35.6%, year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Interest income of $64.9 million increased $0.3 million, or 0.5% (not annualized), over 2Q 2025, and increased $12.3 million, or 23.3%, year-over-year. When excluding the $1.3 million Interest Income Adjustment, interest income increased $1.6 million from 2Q 2025, primarily driven by $1.3 million of growth from OpenSky<sup>™</sup> and $0.3 million from the investment portfolio, while the increase year-over-year was primarily driven by organic growth and the acquisition of IFH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Interest income included $0.2 million from net purchase accounting accretion in 3Q 2025, compared to $0.4 million in 2Q 2025. There was no impact related to purchase accounting during 3Q 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Interest expense of $12.9 million decreased $4.1 million, or 24.0% (not annualized) compared to 2Q 2025, and decreased $1.4 million, or 9.7%, year-over-year. When excluding the $4.6 million one-time impact from the Call of Brokered Time Deposits, interest expense increased $0.5 million, or 3.2%, compared to 2Q 2025, primarily driven by a shift in portfolio mix.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Interest expense included a $5.3 million benefit from net purchase accounting accretion in 3Q 2025, which included $4.6 million from the Call of Brokered Time Deposits, compared to a $0.9 million benefit in 2Q 2025. There was no impact related to purchase accounting during 3Q 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The 3Q 2025 provision for credit losses was $4.7 million, an increase of $0.6 million from 2Q 2025. Excluding the impact of a loan sale during 2Q 2025 from the acquired IFH portfolio, the provision decreased $0.9 million quarter over quarter. Net charge-offs totaled $2.5 million, or 0.35% of portfolio loans (annualized), down from $5.1 million or 0.75% of portfolio loans (annualized), in 2Q 2025. Net charge-offs in the quarter include $0.3 million from the Commercial Bank and $2.1 million from OpenSky<sup>™</sup> loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ At September 30, 2025, the ACL Coverage Ratio was 1.88%, up $5.6 million or 15 bps from June 30, 2025. The increase in the ACL Coverage Ratio over prior quarter was primarily driven by a 12 bps impact resulting from the reassignment of an IFH acquired loan from non-purchase credit deteriorated ("non-PCD") loan to a purchase credit deteriorated ("PCD") loan during the quarter as a measurement period adjustment to the Day-1 purchase accounting, increasing the allowance for credit losses ("ACL") by $3.4 million.

<sup>1</sup> As used in this press release, Core net income is a non-GAAP financial measure. This non-GAAP financial metric excludes the impact of income from the call of brokered time deposits<u>,</u> merger-related expenses and other certain one-time non-recurring pre-tax adjustments and tax impacts of such adjustments. Reconciliations of this and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

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**<u>Earnings Summary (Continued)</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fee Revenue of $11.1 million decreased $2.0 million, compared to 2Q 2025 and increased $4.4 million year-over-year primarily due to the contributions made by the businesses IFH brought to the merged entity. During 3Q 2025, core fee revenue<sup>(1)</sup> of $11.1 million decreased $2.0 million as a result of a $3.1 million decrease in government lending revenue (net gain on sale), $0.8 million lower SBIC investment income, and a $0.1 million decrease in other income, offset by a $1.0 million increase in loan servicing revenue, a $0.6 million increase in government loan servicing revenue (Windsor Advantage<sup>™</sup>), a $0.2 million increase in credit card fees from OpenSky<sup>™</sup>, and $0.2 million increase in mortgage banking revenue. Core fee revenue mix was 18.9% of total revenue for 3Q 2025, compared to 21.6% during 2Q 2025, and 14.7% during 3Q 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Noninterest expense of $38.4 million decreased $1.2 million compared to 2Q 2025 and increased $8.6 million compared to 3Q 2024. Core noninterest expense<sup>(1)</sup> of $37.7 million decreased $0.5 million compared to 2Q 2025 and increased $8.5 million compared to 3Q 2024. Core comparisons include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The decrease of $0.5 million quarter-over-quarter was driven by decreases from personnel expenses and regulatory related expenses, offset by growth in advertising expense mainly from OpenSky<sup>™</sup>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Year-over-year expense growth of $8.6 million was primarily due to the acquisition of IFH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income tax expense of $4.8 million, or 24.2% of pre-tax income for 3Q 2025, increased $0.8 million from $4.0 million, or 23.2% of pre-tax income for 2Q 2025. The Core effective income tax rate<sup>(1)</sup> for 3Q 2025 and 2Q 2025 would have been 23.8% and 23.2%, respectively.

<sup>1</sup> As used in this press release, Core fee revenue, Core noninterest expense, and Core effective income tax rate are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of income from the call of brokered time deposits<u>,</u> merger-related expenses and other certain one-time non-recurring pre-tax adjustments and tax impacts of such adjustments. Reconciliations of these and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

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**<u>Balance Sheet</u>**

Total assets of $3.4 billion at September 30, 2025 increased $0.8 million from June 30, 2025. Total assets growth year-over-year of $828.7 million, or 32.4%, included $559.4 million acquired with the IFH acquisition, net of purchase accounting, and $269.3 million of organic growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross Loans of $2.82 billion at September 30, 2025 increased $82.2 million, or 11.9% (annualized), from June 30, 2025 and increased $714.5 million year-over-year including $373.5 million from the acquisition of IFH and $341.0 million of organic growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Compared to June 30, 2025, growth was primarily driven by $29.3 million from residential real estate, $25.9 million from commercial and industrial ("C&I"), $20.9 million from commercial real estate ("CRE"), and $5.5 million from OpenSky<sup>™</sup>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ C&l loans, plus owner-occupied commercial real estate loans totaled 37.6% of total portfolio loans at September 30, 2025, consistent with the prior quarter, and 29.6% at September 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits of $2.91 billion at September 30, 2025 decreased $28.7 million, or 3.9% (annualized), from June 30, 2025, and increased $725.8 million, or 33.2% (annualized) from September 30, 2024. When excluding a decrease in brokered time deposits of $32.6 million, customer deposits increased $3.9 million or 0.5% (annualized), including $28.9 million of growth in customer money market deposits, $20.6 million growth of noninterest-bearing deposits, offset by $43.7 million decrease from interest-bearing demand accounts and a $1.9 million decrease in customer time deposits. The increase of $725.8 million year-over-year was driven by $459.0 million from the acquisition of IFH, and $266.8 million from organic growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Insured and protected<sup>1</sup> deposits were approximately $2.0 billion as of September 30, 2025 representing 67.0% of the Company's deposit portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Low-and-no interest-bearing DDA deposits of $1.1 billion, or 39.4% of deposits, increased $23.1 million, or 7.9% (annualized) from 2Q 2025, and increased $157.8 million, or 16.0% year-over-year, including $91.5 million from the acquisition of IFH, and $66.3 million of organic growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ The average rate on the low-and-no interest-bearing deposits was 0.14% for 3Q 2025, which remained flat compared to 2Q 2025 and year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The average portfolio loans-to-deposit ratio was 95.6% for 3Q 2025, compared to 96.2% for 2Q 2025, and 98.2% for 3Q 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The investment securities portfolio continues to be classified as available-for-sale and had a fair market value of $232.6 million, or 6.9% of total assets, an effective duration of 2.6 years, with U.S. Treasury Securities representing 59% of the overall investment portfolio at September 30, 2025. The accumulated other comprehensive income (loss) on the investment securities portfolio improved $1.3 million during the quarter to negative $6.8 million after-tax as of September 30, 2025, which represents 1.7% of total stockholders' equity. The Company does not have a held-to-maturity investment securities portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Liquidity* **–** The Company maintains stable and reliable sources of available borrowings, generally consistent with prior quarter. Sources of available borrowings at September 30, 2025 totaled $858.4 million, compared to $834.8 from 2Q 2025. During 3Q 2025, available collateralized lines of credit totaled $767.8 million, unsecured lines of credit with other banks totaled $76.0 million and unpledged investment securities available as collateral for potential additional borrowings totaled $14.5 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Capital Positions* **–** As of September 30, 2025, the Company reported a Common Equity Tier-1 capital ratio of 13.51%, compared to 13.58% at June 30, 2025. At September 30, 2025, the

<sup>1</sup> Protected deposits includes deposits that are indirectly protected under the product terms

------

Company and the Bank maintained regulatory capital ratios that exceed all capital adequacy requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ There were no shares repurchased and retired during the three months ended September 30, 2025, as part of the Company's stock repurchase program. There is $11.9 million remaining to be repurchased under the current $15.0 million authorization repurchase program, which will expire on February 28, 2026*.*

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**<u>Financial Metrics</u>**

**Net Interest Margin –** NIM of 6.36% for 3Q 2025, increased 32 bps compared to the prior quarter, and decreased 5 bps year-over-year. Commercial Bank NIM<sup>(1)</sup>, of 4.64% increased 28 bps compared to the prior quarter, and increased 82 bps year-over-year. Net purchase accounting accretion for 3Q 2025 was 67 bps for NIM and 70 bps for Commercial Bank NIM<sup>(1)</sup>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 3Q 2025 includes the previously mentioned $4.6 million (59 bps) Call of Brokered Time Deposits and $1.3 million (17 bps) Interest Income Adjustment. Excluding these items, 3Q 2025 NIM would have been 5.95% and Commercial Bank NIM would have been 4.21%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The average yield on interest earning assets of 7.93% decreased 26 bps compared to the prior quarter, mainly due to a 16 bps impact from the Interest Income Adjustment. Excluding this item, the average yield in the quarter would have been 7.77% a decrease of 10 bps compared to 2Q 2025 as a result of the overall rate environment. The average yield decreased 86 bps year-over-year primarily due to the acquisition of commercial loans diluting the positive impact from OpenSky<sup>™</sup> as well as the Interest Income Adjustment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The Commercial Bank Loan Yield<sup>(1)</sup> of 6.74% for 3Q 2025 decreased 40 bps compared to 2Q 2025, and decreased 41 bps year-over-year. Excluding the Interest Income Adjustment, average yield in the quarter would have been 6.94%, a decrease of 21 bps compared to 2Q 2025 and 22 bps year-over-year as a result of rate environment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The total cost of deposits of 1.73% for 3Q 2025 decreased 63 bps compared to the prior quarter and decreased 91 bps year-over-year, both mainly due to the Call of Brokered Time Deposits. Excluding this item, total costs of deposits for the quarter would have been 2.36%, consistent with 2Q 2025, and a decrease of 29 bps year-over-year due to shifts in product mix from the acquisition of IFH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The total cost of interest-bearing deposits decreased 88 bps quarter-over-quarter, due to the Call of Brokered Time Deposits. Total cost of interest-bearing deposits decreased 151 bps year-over-year, to 2.41% for 3Q 2025 primarily due to the Call of Brokered Time Deposits as well as shifts in product mix from the acquisition of IFH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net purchase accounting accretion of $5.5 million, or 67 bps of NIM and 70 bps of Commercial Bank NIM, during 3Q 2025, which includes $4.6 million, or 59 bps, from the Call of Brokered Time Deposits, increased $4.4 million from 2Q 2025. There was no impact from purchase accounting during 3Q 2024.

**Fee Revenue Mix –** The fee revenue mix was 18.9% of total revenue for 3Q 2025, compared to 21.6% during 2Q 2025, and 14.7% during 3Q 2024. The core fee revenue mix<sup>(1)</sup> was consistent with fee revenue mix for these periods.

**Credit Metrics and Asset Quality –** The ACL Coverage Ratio equaled 1.88% at September 30, 2025, an increase of 15 bps from June 30, 2025, and an increase of 37 bps year-over-year driven by a 12 bps impact resulting from the inclusion of an IFH acquired loan discussed below.

Credit metrics in the quarter were impacted by two loan relationships, both of which were acquired as part of the IFH transaction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One relationship across three loans accounted for an $8.8 million increase to nonperforming assets. One loan of $5.0 million was previously identified as a PCD loan, which had a specific ACL reserve of $3.8 million established from Day-1 purchase accounting of the IFH acquisition. The other two are USDA loans with an unguaranteed balance of $3.8 million secured by underlying assets, which have no ACL reserve recorded.

<sup>1</sup> As used in this press release, Commercial Bank NIM, Commercial Bank Loan Yield, Core fee revenue mix and Core efficiency ratio are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of income from the call of brokered time deposits<u>,</u> merger-related expenses and other certain one-time non-recurring pre-tax adjustments and tax impacts of such adjustments. Reconciliations of these and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The other relationship accounted for a $7.1 million increase to nonperforming assets. As previously mentioned, the loan was reassigned to a PCD loan as a measurement period adjustment to the Day-1 purchase accounting from the IFH acquisition. The measurement period adjustment for this loan resulted in recording a specific ACL reserve of $3.4 million during the quarter, or a 12 bps impact to the ACL Coverage Ratio.

Nonperforming assets were $52.2 million or 1.54% of total assets at September 30, 2025, an increase of $16.1 million or 47 bps compared to June 30, 2025, due to the $15.9 million or 47 bps of loans described above. Nonperforming assets increased $36.8 million or 94 bps year-over-year, mainly due to the acquisition of IFH. At September 30, 2025, substandard loans totaled $56.8 million, or 2.0% of total portfolio loans, compared to $44.6 million, or 1.7% of total portfolio loans, at June 30, 2025 and $23.8 million, or 1.2% of total portfolio loans, at September 30, 2024. The $12.2 million increase in substandard loans during the quarter was primarily driven by the $15.9 million of loans described above. At September 30, 2025, special mention loans totaled $71.5 million, or 2.5% of total portfolio loans, compared to $54.2 million, or 2.0% of total portfolio loans, at June 30, 2025, and $20.3 million, or 1.0% of total portfolio loans, at September 30, 2024.

**Efficiency Ratios –** The efficiency ratio was 60.8% for 3Q 2025, compared to 65.1% for 2Q 2025 and 66.1% for 3Q 2024. The core efficiency ratio<sup>(1)</sup> was 64.4%, for 3Q 2025, which increased from 62.8% compared to the prior quarter, and 64.9% for 3Q 2024.

------

**<u>Financial Metrics (Continued)</u>**

**Performance Ratios –** ROA was 1.77% for 3Q 2025, compared to 1.60% for 2Q 2025, and 1.42% for 3Q 2024. Core ROA<sup>(1)</sup> for 3Q 2025 was 1.43%, compared to 1.73% for 2Q 2025, and 1.51% for 3Q 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ROE was 15.57% for 3Q 2025, compared to 14.17% for 2Q 2025, and 12.59% for 3Q 2024. Core ROE<sup>(1)</sup> was 12.56% for 3Q 2025, compared to 15.33% for 2Q 2025, and 13.40% for 3Q 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** ROTCE<sup>(1)</sup> was 17.49% for 3Q 2025, compared to 16.10% for 2Q 2025, and 12.59% for 3Q 2024. Core ROTCE<sup>(1)</sup> for 3Q 2025 was 14.15%, compared to 17.39% for 2Q 2025, and 13.40% for 3Q 2024.

**Book Value and Tangible Book Value –** Book value per common share of $23.80 at September 30, 2025, increased $0.88 when compared to June 30, 2025, and increased $3.67 when compared to September 30, 2024. Tangible book value per common share<sup>(1)</sup> increased $0.63, or 3.1%, to $21.27 at September 30, 2025 when compared to June 30, 2025, and increased $1.15, or 5.7%, when compared to September 30, 2024. Tangible book value was impacted by the purchase accounting adjustments required as part of the IFH acquisition. Tangible book value per share<sup>(1)</sup> was equal to book value per share for periods prior to 4Q 2024.

<sup>1</sup> As used in this press release, Core ROA, Core ROE, ROTCE, Core ROTCE, and Tangible Book Value are non-GAAP financial measures. These non-GAAP financial metrics exclude the impact of income from the call of brokered time deposits<u>,</u> merger-related expenses and other certain one-time non-recurring pre-tax adjustments and tax impacts of such adjustments. Reconciliations of these and other non–GAAP measures to their comparable GAAP measures are set forth in the Appendix at the end of this press release.

------

**<u>Commercial Bank</u>**

**Loan Growth –** Portfolio loans<sup>(1)</sup> increased $76.0 million at September 30, 2025 compared to June 30, 2025, driven by $29.3 million from residential real estate, $25.9 million from C&I, and $20.9 million from CRE owner and non-owner occupied. Historical gross portfolio loan balances are disclosed in the *Composition of Loans* table within the *Historical Financial Highlights.*

**Net Interest Income –** Interest income of $49.0 million decreased $0.9 million from the prior quarter, primarily due to the Interest Income Adjustment, offset by growth in the Commercial Bank loan portfolio during the quarter. Interest expense of $12.8 million decreased $4.1 million, primarily due to the Call of Brokered Time Deposits offset by growth from money market deposits in 3Q 2025.

**Credit Metrics –** Nonperforming assets, comprised solely of nonaccrual loans, increased 50 bps to 1.63% of total assets at September 30, 2025 compared to June 30, 2025. Total nonaccrual loans at September 30, 2025 increased to $52.2 million compared to $36.2 million at June 30, 2025 primarily due to the two loan relationships acquired as part of the IFH transaction discussed previously.

**Classified and Criticized Loans –** At September 30, 2025, special mention loans totaled $71.5 million, or 2.5% of total portfolio loans, compared to $54.2 million, or 2.0% of total portfolio loans, at June 30, 2025. At September 30, 2025, substandard loans totaled $56.8 million, or 2.0% of total portfolio loans, compared to $44.6 million, or 1.7% of total portfolio loans, at June 30, 2025.

**<u>OpenSky</u>**<sup>™</sup>

**Accounts –** During 3Q 2025, credit card accounts of 587.6 thousand increased by 2.3 thousand, or 0.4% (not annualized) from June 30, 2025, and increased 38.7 thousand, or 7.0% year-over-year.

**Loan and Deposit Balances –** Secured and unsecured loan balances, net of reserves, of $136.5 million at September 30, 2025 increased by $5.5 million, or 4.2% (not annualized), compared to June 30, 2025 and $9.4 million, or 7.4%, year-over-year. Deposit balances of $166.9 million for 3Q 2025 decreased $2.1 million compared to 2Q 2025 and decreased $3.9 million, or 2.3% year-over-year. Gross unsecured loan balances of $53.6 million at September 30, 2025 increased $7.3 million, or 15.7% (not annualized), compared to $46.4 million at June 30, 2025, and increased $13.9 million year-over-year. Gross secured loan balances of $84.7 million at September 30, 2025 decreased $1.7 million, or 1.9% (not annualized), compared to $86.4 million at June 30, 2025, and decreased $4.9 million, or 5.5% (not annualized) year-over-year.

**Net Interest Income –** Interest income of $15.6 million increased $1.1 million compared to 2Q 2025. Average OpenSky credit card loan balances, net of reserves and deferred fees of $129.1 million for 3Q 2025, increased $7.7 million, or 6.3% (not annualized), compared to 2Q 2025.

**Fee Revenue -** Total fee revenue of $4.5 million increased $0.2 million from the prior quarter primarily driven by other credit-card related fees associated with the unsecured product.

**Noninterest Expense –** Total noninterest expense of $14.0 million increased $0.9 million compared to 2Q 2025, driven by growth from the unsecured product associated with advertising spend, data processing and professional fees.

**OpenSky**<sup>™</sup> **Credit –** Portfolio credit metrics continued to be consistent with modeled expectations during 3Q 2025. The provision for credit losses of $2.8 million decreased $0.1 million when compared to the prior quarter. OpenSky's unsecured loan product continues to be offered exclusively to current and former secured card customers to retain customers who have successfully improved their credit profiles. Unsecured loans have been offered by OpenSky since the fourth quarter of 2021 and have generally performed in accordance with management expectations over that time period.

<sup>(1)</sup> Portfolio loans represents portfolio loans receivable excluding deferred origination fees

------

**<u>Capital Bank Home Loans</u>**

Originations of loans held for sale totaled $80.7 million during 3Q 2025, with $66.4 million of mortgage loans sold resulting in a gain on sale of loans of $1.7 million, representing a 2.56% gain on sale as a percentage of total loans sold. Originations of loans held for sale totaled $80.3 million during 2Q 2025, with $59.7 million of mortgage loans sold resulting in a gain on sale of loans of $1.6 million, representing a 2.68% gain on sale as a percentage of total loans sold.

**<u>Windsor Advantage</u>**<sup>™</sup>

Gross government loan servicing revenue totaled $5.3 million, including $1.1 million of Capital Bank related servicing fees, during 3Q 2025. Gross government loan servicing revenue totaled $4.7 million, including $1.1 million of Capital Bank related servicing fees, during 2Q 2025. Windsor's<sup>™</sup> total servicing portfolio was $3.2 billion at September 30, 2025, and $2.9 billion at June 30, 2025.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited</u>** | | | |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **3Q25 vs 2Q25** | **3Q25 vs 2Q25** | **3Q25 vs 3Q24** | **3Q25 vs 3Q24** |
| (in thousands, except per share data) | **September 30, 2025** | **June 30, 2025** | **September 30, 2024** | **$ Change** | **% Change** | **$ Change** | **% Change** |
| **Earnings Summary** |  |  |  |  |  |  |  |
| Interest income | $64891 | $64586 | $52610 | $305 | 0.5% | $12281 | 23.3% |
| Interest expense | 12871 | 16940 | 14256 | (4069) | (24.0)% | (1385) | (9.7)% |
| &nbsp;&nbsp;&nbsp;Net interest income | 52020 | 47646 | 38354 | 4374 | 9.2% | 13666 | 35.6% |
| Provision for credit losses | 4650 | 4081 | 3748 | 569 | 13.9% | 902 | 24.1% |
| Provision for credit losses on unfunded commitments | 217 |  | 17 | 217 | —% | 200 | 1176.5% |
| Noninterest income | 11068 | 13106 | 6635 | (2038) | (15.6)% | 4433 | 66.8% |
| Noninterest expense | 38354 | 39572 | 29725 | (1218) | (3.1)% | 8629 | 29.0% |
| &nbsp;&nbsp;&nbsp;Income before income taxes | 19867 | 17099 | 11499 | 2768 | 16.2% | 8368 | 72.8% |
| Income tax expense | 4802 | 3963 | 2827 | 839 | 21.2% | 1975 | 69.9% |
| &nbsp;&nbsp;&nbsp;Net income | $15065 | $13136 | $8672 | $1929 | 14.7% | $6393 | 73.7% |
| Pre-tax pre-provision net revenue ("PPNR") <sup>(1)</sup> | $24734 | $21180 | $15264 | $3554 | 16.8% | $9470 | 62.0% |
| Core PPNR<sup>(1)</sup> | $20813 | $22578 | $15784 | $(1765) | (7.8)% | $5029 | 31.9% |
| **Common Share Data** |  |  |  |  |  |  |  |
| Earnings per share - Basic | $0.91 | $0.79 | $0.62 | $0.12 | 15.2% | $0.29 | 46.8% |
| Earnings per share - Diluted | $0.89 | $0.78 | $0.62 | $0.11 | 14.1% | $0.27 | 43.5% |
| Core earnings per share - Diluted<sup>(1)</sup> | $0.72 | $0.85 | $0.66 | $(0.13) | (15.3)% | $0.06 | 9.1% |
| Weighted average common shares - Basic | 16586 | 16584 | 13914 |  |  |  |  |
| Weighted average common shares - Diluted | 16844 | 16802 | 13951 |  |  |  |  |
| **Return Ratios** |  |  |  |  |  |  |  |
| Return on average assets (annualized) | 1.77% | 1.60% | 1.42% |  |  |  |  |
| Core return on average assets (annualized)<sup>(1)</sup> | 1.43% | 1.73% | 1.51% |  |  |  |  |
| Return on average equity (annualized) | 15.57% | 14.17% | 12.59% |  |  |  |  |
| Core return on average equity (annualized)<sup>(1)</sup> | 12.56% | 15.33% | 13.40% |  |  |  |  |
| Return on average tangible common equity (annualized)<sup>(1)</sup> | 17.49% | 16.10% | 12.59% |  |  |  |  |
| Core return on average tangible common equity (annualized)<sup>(1)</sup> | 14.15% | 17.39% | 13.40% |  |  |  |  |

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______________

<sup>(1)</sup> Refer to Appendix for reconciliation of non-GAAP measures.

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| | | | | |
|:---|:---|:---|:---|:---|
| **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | |
| | **Nine Months Ended** | **Nine Months Ended** | | |
| | **September 30,** | **September 30,** | | |
| (in thousands, except per share data) | **2025** | **2024** | **$ Change** | **% Change** |
| **Earnings Summary** |  |  |  |  |
| Interest income | $192237 | $151594 | $40643 | 26.8% |
| Interest expense | 46524 | 41175 | 5349 | 13.0% |
| &nbsp;&nbsp;&nbsp;Net interest income | 145713 | 110419 | 35294 | 32.0% |
| Provision for credit losses | 10977 | 9892 | 1085 | 11.0% |
| Provision for credit losses on unfunded commitments | 217 | 263 | (46) | (17.5)% |
| Noninterest income | 36723 | 19497 | 17226 | 88.4% |
| Noninterest expense | 115979 | 88705 | 27274 | 30.7% |
| &nbsp;&nbsp;&nbsp;Income before income taxes | 55263 | 31056 | 24207 | 77.9% |
| Income tax expense | 13130 | 7617 | 5513 | 72.4% |
| &nbsp;&nbsp;&nbsp;Net income | $42133 | $23439 | $18694 | 79.8% |
| Pre-tax pre-provision net revenue ("PPNR") <sup>(1)</sup> | $66457 | $41211 | $25246 | 61.3% |
| Core PPNR<sup>(1)</sup> | $65200 | $42526 | $22674 | 53.3% |
| **Common Share Data** |  |  |  |  |
| Earnings per share - Basic | $2.54 | $1.69 | $0.85 | 50.3% |
| Earnings per share - Diluted | $2.50 | $1.69 | $0.81 | 47.9% |
| Core earnings per share - Diluted<sup>(1)</sup> | $2.45 | $1.77 |  |  |
| Weighted average common shares - Basic | 16611 | 13909 |  |  |
| Weighted average common shares - Diluted | 16850 | 13909 |  |  |
| **Return Ratios** |  |  |  |  |
| Return on average assets (annualized) | 1.71% | 1.32% |  |  |
| Core return on average assets (annualized)<sup>(1)</sup> | 1.67% | 1.39% |  |  |
| Return on average equity (annualized) | 15.10% | 11.79% |  |  |
| Core return on average equity (annualized)<sup>(1)</sup> | 14.79% | 12.37% |  |  |
| Return on average tangible common equity (annualized)<sup>(1)</sup> | 17.06% | 11.79% |  |  |
| Core return on average tangible common equity (annualized)<sup>(1)</sup> | 16.70% | 12.37% |  |  |

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______________

<sup>(1)</sup> Refer to Appendix for reconciliation of non-GAAP measures.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>COMPARATIVE FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | | |
| | **Quarter Ended** | **Quarter Ended** | | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| | **September 30,** | **September 30,** | | **June 30,** | **March 31,** | **December 31,** |
| (in thousands, except per share data) | **2025** | **2024** | **% Change** | **2025** | **2025** | **2024** |
| **Balance Sheet Highlights** |  |  |  |  |  |  |
| Assets | $3389442 | $2560788 | 32.4% | $3388662 | $3349805 | $3206911 |
| Investment securities available-for-sale | 232640 | 208700 | 11.5% | 228923 | 213452 | 223630 |
| Mortgage loans held for sale | 19679 | 19554 | 0.6% | 20925 | 34656 | 21270 |
| Portfolio loans receivable <sup>(2)</sup> | 2821983 | 2107522 | 33.9% | 2739808 | 2678406 | 2630163 |
| Allowance for credit losses | 53045 | 31925 | 66.2% | 47447 | 48454 | 48652 |
| Goodwill | 26806 |  | 100.0% | 22478 | 24085 | 21126 |
| Intangible assets | 13457 |  | 100.0% | 13668 | 13861 | 14072 |
| Core deposit intangibles | 1576 |  | 100.0% | 1627 | 1695 | 1745 |
| Deposits | 2912053 | 2186224 | 33.2% | 2940738 | 2891333 | 2761939 |
| FHLB borrowings | 22000 | 52000 | (57.7)% | 22000 | 22000 | 22000 |
| Other borrowed funds | 12062 | 12062 | —% | 12062 | 12062 | 12062 |
| Total stockholders' equity | 394770 | 280111 | 40.9% | 380035 | 369577 | 355139 |
| Tangible common equity <sup>(1)</sup> | 352931 | 280111 | 26.0% | 342262 | 329936 | 318196 |
| Common shares outstanding | 16589 | 13918 | 19.2% | 16582 | 16657 | 16663 |
| Book value per share | $23.80 | $20.13 | 18.2% | $22.92 | $22.19 | $21.31 |
| Tangible book value per share <sup>(1)</sup> | $21.27 | $20.13 | 5.7% | $20.64 | $19.81 | $19.10 |
| Dividends per share | $0.12 | $0.10 | 20.0% | $0.10 | $0.10 | $0.10 |

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______________

<sup>(1)</sup> Refer to Appendix for reconciliation of non-GAAP measures.

<sup>(2)</sup> Loans are reflected net of deferred fees and costs.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Consolidated Statements of Income (Unaudited)</u>** | **<u>Consolidated Statements of Income (Unaudited)</u>** | **<u>Consolidated Statements of Income (Unaudited)</u>** | **<u>Consolidated Statements of Income (Unaudited)</u>** | **<u>Consolidated Statements of Income (Unaudited)</u>** | **<u>Consolidated Statements of Income (Unaudited)</u>** | | |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in thousands) | **September 30, 2025** | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | **September 30, 2025** | September 30, 2024 |
| **Interest income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loans, including fees | $**60838** | $60810 | $58691 | $58602 | $50047 | $**180339** | $144313 |
| &nbsp;&nbsp;&nbsp;Investment securities available-for-sale | **1805** | 1582 | 1861 | 1539 | 1343 | **5248** | 3902 |
| &nbsp;&nbsp;&nbsp;Federal funds sold and other | **2248** | 2194 | 2208 | 1566 | 1220 | **6650** | 3379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | **64891** | 64586 | 62760 | 61707 | 52610 | **192237** | 151594 |
| **Interest expense** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | **12732** | 16722 | 16512 | 16385 | 13902 | **45966** | 39785 |
| &nbsp;&nbsp;&nbsp;Borrowed funds | **139** | 218 | 201 | 995 | 354 | **558** | 1390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | **12871** | 16940 | 16713 | 17380 | 14256 | **46524** | 41175 |
| **Net interest income** | **52020** | 47646 | 46047 | 44327 | 38354 | **145713** | 110419 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | **4650** | 4081 | 2246 | 7828 | 3748 | **10977** | 9892 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses on unfunded commitments | **217** |  |  | 122 | 17 | **217** | 263 |
| **Net interest income after provision for credit losses** | **47153** | 43565 | 43801 | 36377 | 34589 | **134519** | 100264 |
| **Noninterest income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposits | **425** | 262 | 258 | 241 | 235 | **945** | 642 |
| &nbsp;&nbsp;&nbsp;Credit card fees | **4509** | 4298 | 3722 | 3733 | 4055 | **12529** | 12266 |
| &nbsp;&nbsp;&nbsp;Mortgage banking revenue | **1927** | 1754 | 1831 | 1821 | 1882 | **5512** | 5325 |
| &nbsp;&nbsp;&nbsp;Government lending revenue | **14** | 3112 | 1096 | 2301 |  | **4222** |  |
| &nbsp;&nbsp;&nbsp;Government loan servicing revenue | **4265** | 3644 | 3568 | 3993 |  | **11477** |  |
| &nbsp;&nbsp;&nbsp;Loan servicing rights (government guaranteed) | **368** | (590) | 472 | 1013 |  | **250** |  |
| &nbsp;&nbsp;&nbsp;Non-recurring equity and debt investment write-down | **—** |  |  | (2620) |  | **—** |  |
| &nbsp;&nbsp;&nbsp;Other income | **(440)** | 626 | 1602 | 1431 | 463 | **1788** | 1264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **11068** | 13106 | 12549 | 11913 | 6635 | **36723** | 19497 |
| **Noninterest expenses** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and employee benefits | **17728** | 18460 | 18067 | 16513 | 13345 | **54255** | 39524 |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment | **2849** | 2995 | 2910 | 2976 | 1791 | **8754** | 5268 |
| &nbsp;&nbsp;&nbsp;Professional fees | **2131** | 2422 | 2112 | 2150 | 1980 | **6665** | 5696 |
| &nbsp;&nbsp;&nbsp;Data processing | **7654** | 7520 | 7112 | 7210 | 6930 | **22286** | 20479 |
| &nbsp;&nbsp;&nbsp;Advertising | **1714** | 1371 | 1779 | 1032 | 1223 | **4864** | 5327 |
| &nbsp;&nbsp;&nbsp;Loan processing | **1114** | 979 | 743 | 969 | 615 | **2836** | 1462 |
| &nbsp;&nbsp;&nbsp;Foreclosed real estate expenses, net | **—** |  | 1 |  | 1 | **1** | 2 |
| &nbsp;&nbsp;&nbsp;Merger-related expenses | **697** | 1398 | 1266 | 2615 | 520 | **3361** | 1315 |
| &nbsp;&nbsp;&nbsp;Operational losses | **923** | 933 | 903 | 993 | 1008 | **2759** | 2721 |
| &nbsp;&nbsp;&nbsp;Regulatory assessment expenses | **740** | 884 | 889 | 554 | 483 | **2513** | 1384 |
| &nbsp;&nbsp;&nbsp;Other operating | **2804** | 2610 | 2271 | 2502 | 1829 | **7685** | 5527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | **38354** | 39572 | 38053 | 37514 | 29725 | **115979** | 88705 |
| Income before income taxes | **19867** | 17099 | 18297 | 10776 | 11499 | **55263** | 31056 |
| Income tax expense | **4802** | 3963 | 4365 | 3243 | 2827 | **13130** | 7617 |
| **Net income** | $**15065** | $13136 | $13932 | $7533 | $8672 | $**42133** | $23439 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Consolidated Balance Sheets</u>** | | | | | |
|  | **(unaudited)** | (unaudited) | (unaudited) | (audited) | (unaudited) |
| (in thousands, except share data) | **September 30, 2025** | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 |
| **Assets** |  |  |  |  |  |
| Cash and due from banks | $**25724** | $26843 | $27836 | $25433 | $23462 |
| Interest-bearing deposits at other financial institutions | **163078** | 247704 | 266092 | 179841 | 133180 |
| Federal funds sold | **59** | 59 | 59 | 58 | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | **188861** | 274606 | 293987 | 205332 | 156700 |
| Investment securities available-for-sale | **232640** | 228923 | 213452 | 223630 | 208700 |
| Restricted investments | **7057** | 7043 | 7031 | 4479 | 5895 |
| Loans held for sale | **19679** | 20925 | 34656 | 21270 | 19554 |
| Portfolio loans receivable, net of deferred fees and costs | **2821983** | 2739808 | 2678406 | 2630163 | 2107522 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less allowance for credit losses | **(53045)** | (47447) | (48454) | (48652) | (31925) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total portfolio loans held for investment, net | **2768938** | 2692361 | 2629952 | 2581511 | 2075597 |
| Premises and equipment, net | **15304** | 14863 | 15085 | 15525 | 5959 |
| Accrued interest receivable | **19011** | 15149 | 19458 | 16664 | 12468 |
| Goodwill | **26806** | 22478 | 24085 | 21126 |  |
| Intangible assets | **13457** | 13668 | 13861 | 14072 |  |
| Core deposit intangibles | **1576** | 1627 | 1695 | 1745 |  |
| Loan servicing assets | **2070** | 2221 | 2244 | 5511 |  |
| Deferred tax asset | **14048** | 15667 | 15902 | 16670 | 10748 |
| Bank owned life insurance | **45105** | 44721 | 44335 | 43956 | 38779 |
| Other assets | **34890** | 34410 | 34062 | 35420 | 26388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $**3389442** | $3388662 | $3349805 | $3206911 | $2560788 |
| **Liabilities** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $**857543** | $836979 | $812224 | $810928 | $718120 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | **2054510** | 2103759 | 2079109 | 1951011 | 1468104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **2912053** | 2940738 | 2891333 | 2761939 | 2186224 |
| Federal Home Loan Bank advances | **22000** | 22000 | 22000 | 22000 | 52000 |
| Other borrowed funds | **12062** | 12062 | 12062 | 12062 | 12062 |
| Accrued interest payable | **8045** | 8158 | 9995 | 9393 | 8503 |
| Other liabilities | **40512** | 25669 | 44838 | 46378 | 21888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | **2994672** | 3008627 | 2980228 | 2851772 | 2280677 |
| **Stockholders' equity** |  |  |  |  |  |
| Common stock | **166** | 166 | 167 | 167 | 139 |
| Additional paid-in capital | **127359** | 126888 | 128692 | 128598 | 55585 |
| Retained earnings | **274041** | 261093 | 249925 | 237843 | 232995 |
| Accumulated other comprehensive loss | **(6796)** | (8112) | (9207) | (11469) | (8608) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | **394770** | 380035 | 369577 | 355139 | 280111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $**3389442** | $3388662 | $3349805 | $3206911 | $2560788 |

---

------

The following tables show the average outstanding balance of each principal category of our assets, liabilities and stockholders' equity, together with the average yields on our assets and the average costs of our liabilities for the periods indicated. Such yields and costs are calculated by dividing the annualized income or expense by the average daily balances of the corresponding assets or liabilities for the same period.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended<br>September 30, 2025** | **Three Months Ended<br>September 30, 2025** | **Three Months Ended<br>September 30, 2025** | Three Months Ended<br>June 30, 2025 | Three Months Ended<br>June 30, 2025 | Three Months Ended<br>June 30, 2025 | Three Months Ended<br>September 30, 2024 | Three Months Ended<br>September 30, 2024 | Three Months Ended<br>September 30, 2024 |
| | **Average <br>Outstanding <br>Balance** | **Interest Income/ <br>Expense** | **Average <br>Yield/ <br>Rate**<sup>(1)</sup> | Average <br>Outstanding <br>Balance | Interest Income/ <br>Expense | Average <br>Yield/ <br>Rate<sup>(1)</sup> | Average <br>Outstanding <br>Balance | Interest Income/ <br>Expense | Average <br>Yield/ <br>Rate<sup>(1)</sup> |
| | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** |
| **Assets** |  |  |  |  |  |  |  |  |  |
| Interest earning assets: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | $**194858** | $**2139** | **4.36%** | $182192 | $2065 | 4.55% | $91089 | $1137 | 4.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold | **59** | **1** | **5.79** | 59 |  |  | 57 | 1 | 6.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities available-for-sale | **241086** | **1805** | **2.97** | 230317 | 1582 | 2.76 | 221303 | 1343 | 2.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restricted investments | **7052** | **108** | **6.06** | 7038 | 129 | 7.35 | 4911 | 82 | 6.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held for sale | **13783** | **228** | **6.57** | 9950 | 163 | 6.57 | 9967 | 161 | 6.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;Portfolio loans receivable<sup>(2)(3)</sup> | **2789815** | **60610** | **8.62** | 2733865 | 60647 | 8.90 | 2053619 | 49886 | 9.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest earning assets | **3246653** | **64891** | **7.93** | 3163421 | 64586 | 8.19 | 2380946 | 52610 | 8.79 |
| Noninterest earning assets | **131643** |  |  | 129112 |  |  | 56924 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $**3378296** |  |  | $3292533 |  |  | $2437870 |  |  |
| **Liabilities and Stockholders' Equity** |  |  |  |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand accounts | $**282873** | **388** | **0.54** | $281878 | 391 | 0.56 | $228365 | 321 | 0.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **12887** | **15** | **0.47** | 13043 | 16 | 0.49 | 4135 | 5 | 0.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market accounts | **985106** | **8650** | **3.48** | 924784 | 8022 | 3.48 | 698239 | 7442 | 4.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | **815302** | **3679** | **1.79** | 816809 | 8293 | 4.07 | 479824 | 6134 | 5.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowed funds | **34062** | **139** | **1.62** | 34062 | 218 | 2.57 | 43655 | 354 | 3.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | **2130230** | **12871** | **2.40** | 2070576 | 16940 | 3.28 | 1454218 | 14256 | 3.90 |
| Noninterest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing liabilities | **43245** |  |  | 45523 |  |  | 28834 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | **820899** |  |  | 804639 |  |  | 680731 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stockholders' equity | **383922** |  |  | 371795 |  |  | 274087 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $**3378296** |  |  | $3292533 |  |  | $2437870 |  |  |
| Net interest spread |  |  | **5.53%** |  |  | 4.91% |  |  | 4.89% |
| Net interest income |  | $**52020** |  |  | $47646 |  |  | $38354 |  |
| Net interest margin<sup>(4)</sup> |  |  | **6.36%** |  |  | 6.04% |  |  | 6.41% |

---

_______________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup>Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>Includes nonaccrual loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(3)</sup>For the three months ended September 30, 2025, June 30, 2025, and September 30, 2024, collectively, Commercial Bank Loan Yield was 6.74%, 7.14% and 7.15%, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(4)</sup>For the three months ended September 30, 2025, June 30, 2025, and September 30, 2024, collectively, Commercial Bank Net Interest Margin was 4.64%, 4.38% and 4.01%, respectively.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| | **2025** | **2025** | **2025** | 2024 | 2024 | 2024 |
| | **Average <br>Outstanding <br>Balance** | **Interest Income/ <br>Expense** | **Average <br>Yield/ <br>Rate**<sup>(1)</sup> | Average <br>Outstanding <br>Balance | Interest Income/ <br>Expense | Average <br>Yield/ <br>Rate<sup>(1)</sup> |
| | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** | **(in thousands)** |
| **Assets** |  |  |  |  |  |  |
| Interest earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | $**193337** | $**6342** | **4.39%** | $84254 | $3123 | 4.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold | **59** | **2** | **4.24** | 57 | 3 | 7.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities available-for-sale | **235690** | **5248** | **2.98** | 226151 | 3902 | 2.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restricted investments | **6622** | **306** | **6.17** | 4982 | 253 | 6.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held for sale | **11046** | **629** | **7.62** | 7591 | 376 | 6.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;Portfolio loans receivable<sup>(2)(3)</sup> | **2719834** | **179710** | **8.83** | 1991435 | 143937 | 9.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest earning assets | **3166588** | **192237** | **8.12** | 2314470 | 151594 | 8.75 |
| Noninterest earning assets | **131582** |  |  | 49458 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $**3298170** |  |  | $2363928 |  |  |
| &nbsp;&nbsp;&nbsp;**Liabilities and Stockholders' Equity** |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand accounts | $**269184** | $**1147** | **0.57%** | $209346 | $579 | 0.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **13044** | **49** | **0.51** | 4460 | 7 | 0.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market accounts | **927044** | **24071** | **3.47** | 684017 | 21610 | 4.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | **830451** | **20699** | **3.33** | 465256 | 17589 | 5.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowed funds | **34062** | **558** | **2.19** | 52461 | 1390 | 3.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | **2073785** | **46524** | **3.00** | 1415540 | 41175 | 3.89 |
| Noninterest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing liabilities | **48374** |  |  | 25844 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | **802991** |  |  | 657044 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stockholders' equity | **373020** |  |  | 265500 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $**3298170** |  |  | $2363928 |  |  |
| Net interest spread |  |  | **5.12%** |  |  | 4.86% |
| Net interest income |  | $**145713** |  |  | $110419 |  |
| Net interest margin<sup>(4)</sup> |  |  | **6.15%** |  |  | 6.37% |

---

<sup>(1)</sup> Annualized.

<sup>(2)</sup> Includes nonaccrual loans.

<sup>(3)</sup> For the nine months ended September 30, 2025 and 2024, collectively. Commercial Bank Loan Yield was 7.01% and 7.05%, respectively.

<sup>(4)</sup> For the nine months ended September 30, 2025 and 2024, collectively. Commercial Bank Net Interest Margin was 4.45% and 4.13%, respectively.

------

The Company's reportable segments represent business units with discrete financial information whose results are regularly reviewed by management. The four segments include Commercial Banking, OpenSky<sup>™</sup> (the Company's credit card division), Windsor Advantage<sup>™</sup> and Capital Bank Home Loans (the Company's mortgage loan division).

Prior to March 31, 2025, the Company disclosed Corporate as a reportable segment. The Company has determined that what was previously deemed the Corporate reportable segment consists of other business activities that are associated with the Commercial Bank and are reflected in the tabular disclosures that follow. It should be noted that such restructuring of the tabular disclosure did not result in any changes to the Company's revenue and expense allocation methodology. The Company restructured prior period tabular disclosures to achieve appropriate comparability.

The following schedules reported internally for performance assessment by the chief operating decision maker presents financial information for each reportable segment for the periods indicated. Total assets are presented as of September 30, 2025, June 30, 2025, and September 30, 2024.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Segments** | | | | | |
| **<u>For the three months ended September 30, 2025</u>** | **<u>For the three months ended September 30, 2025</u>** | **<u>For the three months ended September 30, 2025</u>** | **<u>For the three months ended September 30, 2025</u>** | | |
| (in thousands) | **Commercial Bank** | **OpenSky**<sup>™</sup> | **Windsor Advantage**<sup>™</sup> | **CBHL** | **Consolidated** |
| Interest income<sup>(2)</sup> | $**49035** | $**15628** | $**—** | $**228** | $**64891** |
| Interest expense | **12768** | **—** | **—** | **103** | **12871** |
| &nbsp;&nbsp;&nbsp;**Net interest income** | **36267** | **15628** | **—** | **125** | **52020** |
| Provision for credit losses | **1852** | **2798** | **—** | **—** | **4650** |
| Provision for credit losses on unfunded commitments | **217** | **—** | **—** | **—** | **217** |
| &nbsp;&nbsp;&nbsp;**Net interest income after provision** | **34198** | **12830** | **—** | **125** | **47153** |
| **Noninterest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposits | **425** | **—** | **—** | **—** | **425** |
| &nbsp;&nbsp;&nbsp;Credit card fees | **—** | **4509** | **—** | **—** | **4509** |
| &nbsp;&nbsp;&nbsp;Mortgage banking revenue | **315** | **—** | **—** | **1612** | **1927** |
| &nbsp;&nbsp;&nbsp;Government lending revenue | **14** | **—** | **—** | **—** | **14** |
| &nbsp;&nbsp;&nbsp;Government loan servicing revenue<sup>(1)</sup> | **(1074)** | **—** | **5339** | **—** | **4265** |
| &nbsp;&nbsp;&nbsp;Loan servicing rights (government guaranteed)<sup>(2)</sup> | **368** | **—** | **—** | **—** | **368** |
| &nbsp;&nbsp;&nbsp;Other (loss) income | **(557)** | **(33)** | **—** | **150** | **(440)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **(509)** | **4476** | **5339** | **1762** | **11068** |
| **Noninterest expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and employee benefits  | **10559** | **3271** | **2455** | **1443** | **17728** |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment | **1635** | **632** | **416** | **166** | **2849** |
| &nbsp;&nbsp;&nbsp;Professional fees | **1079** | **571** | **198** | **283** | **2131** |
| &nbsp;&nbsp;&nbsp;Data processing | **350** | **7154** | **97** | **53** | **7654** |
| &nbsp;&nbsp;&nbsp;Advertising | **694** | **833** | **76** | **111** | **1714** |
| &nbsp;&nbsp;&nbsp;Loan processing | **740** | **15** | **67** | **292** | **1114** |
| &nbsp;&nbsp;&nbsp;Foreclosed real estate expenses, net | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Merger-related expenses | **697** | **—** | **—** | **—** | **697** |
| &nbsp;&nbsp;&nbsp;Operational losses | **—** | **923** | **—** | **—** | **923** |
| &nbsp;&nbsp;&nbsp;Regulatory assessment expenses | **788** | **(30)** | **(11)** | **(7)** | **740** |
| &nbsp;&nbsp;&nbsp;Other operating | **1493** | **587** | **614** | **110** | **2804** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | **18035** | **13956** | **3912** | **2451** | **38354** |
| &nbsp;&nbsp;&nbsp;**Net income (loss) before taxes** | $**15654** | $**3350** | $**1427** | $**(564)** | $**19867** |
| **Total assets** | $**3213222** | $**134422** | $**21743** | $**20055** | $**3389442** |

---

________________________

<sup>(1) &nbsp;&nbsp;&nbsp;&nbsp;</sup>Gross government loan servicing revenue totaled $5.3 million, including $1.1 million of servicing fees earned from the Commercial Bank by Windsor, for the three months ended September 30, 2025.

<sup>(2) &nbsp;&nbsp;&nbsp;&nbsp;</sup>Interest income of $49.0 million for the Commercial Bank includes the $1.3 million Interest Income Adjustment.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Segments** | | | | | |
| **<u>For the three months ended June 30, 2025</u>** | **<u>For the three months ended June 30, 2025</u>** | **<u>For the three months ended June 30, 2025</u>** | **<u>For the three months ended June 30, 2025</u>** | | |
| (in thousands) | **Commercial Bank** | **OpenSky**<sup>™</sup> | **Windsor Advantage**<sup>™</sup> | **CBHL** | **Consolidated** |
| Interest income | $**49929** | $**14494** | $**—** | $**163** | $**64586** |
| Interest expense | **16856** | **—** | **—** | **84** | **16940** |
| &nbsp;&nbsp;&nbsp;**Net interest income** | **33073** | **14494** | **—** | **79** | **47646** |
| Provision for credit losses | **1159** | **2922** | **—** | **—** | **4081** |
| Provision for credit losses on unfunded commitments | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;**Net interest income after provision** | **31914** | **11572** | **—** | **79** | **43565** |
| **Noninterest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposits | **262** | **—** | **—** | **—** | **262** |
| &nbsp;&nbsp;&nbsp;Credit card fees | **—** | **4298** | **—** | **—** | **4298** |
| &nbsp;&nbsp;&nbsp;Mortgage banking revenue | **465** | **—** | **—** | **1289** | **1754** |
| &nbsp;&nbsp;&nbsp;Government lending revenue | **3112** | **—** | **—** | **—** | **3112** |
| &nbsp;&nbsp;&nbsp;Government loan servicing revenue<sup>(1)</sup> | **(1052)** | **—** | **4696** | **—** | **3644** |
| &nbsp;&nbsp;&nbsp;Loan servicing rights (government guaranteed)<sup>(2)</sup> | **(590)** | **—** | **—** | **—** | **(590)** |
| &nbsp;&nbsp;&nbsp;Other income | **349** | **25** | **—** | **252** | **626** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **2546** | **4323** | **4696** | **1541** | **13106** |
| **Noninterest expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and employee benefits  | **11090** | **3403** | **2509** | **1458** | **18460** |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment | **1903** | **573** | **368** | **151** | **2995** |
| &nbsp;&nbsp;&nbsp;Professional fees | **1572** | **552** | **71** | **227** | **2422** |
| &nbsp;&nbsp;&nbsp;Data processing | **454** | **6897** | **133** | **36** | **7520** |
| &nbsp;&nbsp;&nbsp;Advertising | **795** | **470** | **35** | **71** | **1371** |
| &nbsp;&nbsp;&nbsp;Loan processing | **650** | **24** | **54** | **251** | **979** |
| &nbsp;&nbsp;&nbsp;Foreclosed real estate expenses, net | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;Merger-related expenses | **1398** | **—** | **—** | **—** | **1398** |
| &nbsp;&nbsp;&nbsp;Operational losses | **100** | **833** | **—** | **—** | **933** |
| &nbsp;&nbsp;&nbsp;Regulatory assessment expenses | **860** | **15** | **6** | **3** | **884** |
| &nbsp;&nbsp;&nbsp;Other operating | **1817** | **338** | **354** | **101** | **2610** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | **20639** | **13105** | **3530** | **2298** | **39572** |
| &nbsp;&nbsp;&nbsp;**Net income (loss) before taxes** | $**13821** | $**2790** | $**1166** | $**(678)** | $**17099** |
| **Total assets** | $**3211421** | $**129397** | $**25936** | $**21908** | $**3388662** |

---

________________________

<sup>(1) &nbsp;&nbsp;&nbsp;&nbsp;</sup>Gross government loan servicing revenue totaled $4.7 million, including $1.1 million of servicing fees earned from the Commercial Bank by Windsor, for the three months ended June 30, 2025

<sup>(2) &nbsp;&nbsp;&nbsp;&nbsp;</sup>Loan servicing rights of negative $0.6 million for the Commercial Bank includes a $1.1 million negative fair value adjustment associated with loan servicing portfolio

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Segments** | | | | | |
| **<u>For the three months ended September 30, 2024</u>** | **<u>For the three months ended September 30, 2024</u>** | **<u>For the three months ended September 30, 2024</u>** | **<u>For the three months ended September 30, 2024</u>** | | |
| (in thousands) | **Commercial Bank** | **OpenSky**<sup>™</sup> | **Windsor Advantage**<sup>™</sup> | **CBHL** | **Consolidated** |
| Interest income | $**36824** | $**15625** | $**—** | $**161** | $**52610** |
| Interest expense | **14148** | **—** | **—** | **108** | **14256** |
| &nbsp;&nbsp;&nbsp;**Net interest income** | **22676** | **15625** | **—** | **53** | **38354** |
| Provision for credit losses | **1454** | **2294** | **—** | **—** | **3748** |
| Provision for credit losses on unfunded commitments | **17** | **—** | **—** | **—** | **17** |
| &nbsp;&nbsp;&nbsp;**Net interest income after provision** | **21205** | **13331** | **—** | **53** | **34589** |
| **Noninterest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposits | **235** | **—** | **—** | **—** | **235** |
| &nbsp;&nbsp;&nbsp;Credit card fees | **—** | **4055** | **—** | **—** | **4055** |
| &nbsp;&nbsp;&nbsp;Mortgage banking revenue | **166** | **—** | **—** | **1716** | **1882** |
| &nbsp;&nbsp;&nbsp;Other income | **327** | **41** | **—** | **95** | **463** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **728** | **4096** | **—** | **1811** | **6635** |
| **Noninterest expense** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and employee benefits  | **8542** | **3273** | **—** | **1530** | **13345** |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment | **1165** | **485** | **—** | **141** | **1791** |
| &nbsp;&nbsp;&nbsp;Professional fees | **1005** | **722** | **—** | **253** | **1980** |
| &nbsp;&nbsp;&nbsp;Data processing | **396** | **6492** | **—** | **42** | **6930** |
| &nbsp;&nbsp;&nbsp;Advertising | **429** | **697** | **—** | **97** | **1223** |
| &nbsp;&nbsp;&nbsp;Loan processing | **371** | **16** | **—** | **228** | **615** |
| &nbsp;&nbsp;&nbsp;Foreclosed real estate expenses, net | **1** | **—** | **—** | **—** | **1** |
| &nbsp;&nbsp;&nbsp;Merger-related expenses | **520** | **—** | **—** | **—** | **520** |
| &nbsp;&nbsp;&nbsp;Operational losses | **8** | **1000** | **—** | **—** | **1008** |
| &nbsp;&nbsp;&nbsp;Regulatory assessment expenses | **483** | **—** | **—** | **—** | **483** |
| &nbsp;&nbsp;&nbsp;Other operating | **1134** | **591** | **—** | **104** | **1829** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | **14054** | **13276** | **—** | **2395** | **29725** |
| &nbsp;&nbsp;&nbsp;**Net income (loss) before taxes** | $**7879** | $**4151** | $**—** | $**(531)** | $**11499** |
| **Total assets** | $**2419370** | $**121587** | $**—** | $**19831** | $**2560788** |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Segments** | | | | | |
| **<u>For the nine months ended September 30, 2025</u>** | **<u>For the nine months ended September 30, 2025</u>** | **<u>For the nine months ended September 30, 2025</u>** | **<u>For the nine months ended September 30, 2025</u>** | | |
| (in thousands) | **Commercial Bank** | **OpenSky**<sup>™</sup> | **Windsor Advantage**<sup>™</sup> | **CBHL** | **Consolidated** |
| Interest income<sup>(2)</sup> | $**147128** | $**44566** | $**—** | $**543** | $**192237** |
| Interest expense | **46273** | **—** | **—** | **251** | **46524** |
| &nbsp;&nbsp;&nbsp;**Net interest income** | **100855** | **44566** | **—** | **292** | **145713** |
| Provision for credit losses | **3457** | **7520** | **—** | **—** | **10977** |
| Provision for credit losses on unfunded commitments | **217** | **—** | **—** | **—** | **217** |
| &nbsp;&nbsp;&nbsp;**Net interest income after provision** | **97181** | **37046** | **—** | **292** | **134519** |
| **Noninterest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposits | **945** | **—** | **—** | **—** | **945** |
| &nbsp;&nbsp;&nbsp;Credit card fees | **—** | **12529** | **—** | **—** | **12529** |
| &nbsp;&nbsp;&nbsp;Mortgage banking revenue | **1043** | **—** | **—** | **4469** | **5512** |
| &nbsp;&nbsp;&nbsp;Government lending revenue | **4222** | **—** | **—** | **—** | **4222** |
| &nbsp;&nbsp;&nbsp;Government loan servicing revenue<sup>(1)</sup> | **(3164)** | **—** | **14641** | **—** | **11477** |
| &nbsp;&nbsp;&nbsp;Loan servicing rights (government guaranteed) | **250** | **—** | **—** | **—** | **250** |
| &nbsp;&nbsp;&nbsp;Other income | **1215** | **3** | **—** | **570** | **1788** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **4511** | **12532** | **14641** | **5039** | **36723** |
| **Noninterest expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and employee benefits  | **32275** | **10019** | **7370** | **4591** | **54255** |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment | **5115** | **1693** | **1495** | **451** | **8754** |
| &nbsp;&nbsp;&nbsp;Professional fees | **3802** | **1714** | **389** | **760** | **6665** |
| &nbsp;&nbsp;&nbsp;Data processing | **1244** | **20633** | **283** | **126** | **22286** |
| &nbsp;&nbsp;&nbsp;Advertising | **2207** | **2177** | **215** | **265** | **4864** |
| &nbsp;&nbsp;&nbsp;Loan processing | **1867** | **58** | **128** | **783** | **2836** |
| &nbsp;&nbsp;&nbsp;Foreclosed real estate expenses, net | **1** | **—** | **—** | **—** | **1** |
| &nbsp;&nbsp;&nbsp;Merger-related expenses | **3361** | **—** | **—** | **—** | **3361** |
| &nbsp;&nbsp;&nbsp;Operational losses | **131** | **2628** | **—** | **—** | **2759** |
| &nbsp;&nbsp;&nbsp;Regulatory assessment expenses | **2513** | **—** | **—** | **—** | **2513** |
| &nbsp;&nbsp;&nbsp;Other operating | **4718** | **1441** | **1222** | **304** | **7685** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | **57234** | **40363** | **11102** | **7280** | **115979** |
| &nbsp;&nbsp;&nbsp;**Net income (loss) before taxes** | $**44458** | $**9215** | $**3539** | $**(1949)** | $**55263** |
| **Total assets** | $**3213222** | $**134422** | $**21743** | $**20055** | $**3389442** |

---

________________________

<sup>(1) &nbsp;&nbsp;&nbsp;&nbsp;</sup>Gross government loan servicing revenue totaled $14.6 million, including $3.2 million of servicing fees earned from the Commercial Bank by Windsor, for the nine months ended September 30, 2025.

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Interest income of $147.1 million for the Commercial Bank includes the $1.3 million Interest Income Adjustment.

<sup>2</sup>

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Segments** | | | | | |
| **<u>For the nine months ended September 30, 2024</u>** | **<u>For the nine months ended September 30, 2024</u>** | **<u>For the nine months ended September 30, 2024</u>** | **<u>For the nine months ended September 30, 2024</u>** | | |
| (in thousands) | **Commercial Bank** | **OpenSky™** | **Windsor Advantage**<sup>™</sup> | **CBHL** | **Consolidated** |
| Interest income | $**104887** | $**46331** | $**—** | $**376** | $**151594** |
| Interest expense | **40943** | **—** | **—** | **232** | **41175** |
| &nbsp;&nbsp;&nbsp;**Net interest income** | **63944** | **46331** | **—** | **144** | **110419** |
| Provision for credit losses | **3740** | **6152** | **—** | **—** | **9892** |
| Provision for credit losses on unfunded commitments | **263** | **—** | **—** | **—** | **263** |
| &nbsp;&nbsp;&nbsp;**Net interest income after provision** | **59941** | **40179** | **—** | **144** | **100264** |
| **Noninterest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service charges on deposits | **642** | **—** | **—** | **—** | **642** |
| &nbsp;&nbsp;&nbsp;Credit card fees | **—** | **12266** | **—** | **—** | **12266** |
| &nbsp;&nbsp;&nbsp;Mortgage banking revenue | **788** | **—** | **—** | **4537** | **5325** |
| &nbsp;&nbsp;&nbsp;Other income | **680** | **113** | **—** | **471** | **1264** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **2110** | **12379** | **—** | **5008** | **19497** |
| **Noninterest expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and employee benefits  | **25846** | **9171** | **—** | **4507** | **39524** |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment | **3430** | **1418** | **—** | **420** | **5268** |
| &nbsp;&nbsp;&nbsp;Professional fees | **2661** | **2338** | **—** | **697** | **5696** |
| &nbsp;&nbsp;&nbsp;Data processing | **857** | **19496** | **—** | **126** | **20479** |
| &nbsp;&nbsp;&nbsp;Advertising | **1215** | **3865** | **—** | **247** | **5327** |
| &nbsp;&nbsp;&nbsp;Loan processing | **763** | **45** | **—** | **654** | **1462** |
| &nbsp;&nbsp;&nbsp;Foreclosed real estate expenses, net | **2** | **—** | **—** | **—** | **2** |
| &nbsp;&nbsp;&nbsp;Merger-related expenses | **1315** | **—** | **—** | **—** | **1315** |
| &nbsp;&nbsp;&nbsp;Operational losses | **13** | **2708** | **—** | **—** | **2721** |
| &nbsp;&nbsp;&nbsp;Regulatory assessment expenses | **1384** | **—** | **—** | **—** | **1384** |
| &nbsp;&nbsp;&nbsp;Other operating | **3569** | **1609** | **—** | **349** | **5527** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | **41055** | **40650** | **—** | **7000** | **88705** |
| &nbsp;&nbsp;&nbsp;**Net income (loss) before taxes** | $**20996** | $**11908** | $**—** | $**(1848)** | $**31056** |
| **Total assets** | $**2419370** | $**121587** | $**—** | $**19831** | $**2560788** |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited</u>** |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands, except per share data) | **September 30,<br>2025** | **June 30, 2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **<u>Earnings:</u>** |  |  |  |  |  |
| Net income | $15065 | $13136 | $13932 | $7533 | $8672 |
| Earnings per common share, diluted | 0.89 | 0.78 | 0.82 | 0.45 | 0.62 |
| Net interest margin | 6.36% | 6.04% | 6.05% | 5.87% | 6.41% |
| Commercial Bank net interest margin<sup>(2)</sup> | 4.64% | 4.38% | 4.32% | 3.99% | 4.01% |
| Return on average assets<sup>(1)</sup> | 1.77% | 1.60% | 1.75% | 0.96% | 1.42% |
| Return on average equity<sup>(1)</sup> | 15.57% | 14.17% | 15.56% | 8.50% | 12.59% |
| Efficiency ratio | 60.79% | 65.14% | 64.94% | 66.70% | 66.07% |
| **<u>Balance Sheet:</u>** |  |  |  |  |  |
| Total portfolio loans receivable, net deferred fees | $2821983 | $2739808 | $2678406 | $2630163 | $2107522 |
| Total deposits | 2912053 | 2940738 | 2891333 | 2761939 | 2186224 |
| Total assets | 3389442 | 3388662 | 3349805 | 3206911 | 2560788 |
| Total stockholders' equity | 394770 | 380035 | 369577 | 355139 | 280111 |
| Total average portfolio loans receivable, net deferred fees | 2789815 | 2733865 | 2634110 | 2592960 | 2053619 |
| Total average deposits | 2917067 | 2841153 | 2768284 | 2611994 | 2091294 |
| Portfolio loans-to-deposit ratio (period-end balances) | 96.91% | 93.17% | 92.64% | 95.23% | 96.40% |
| Portfolio loans-to-deposit ratio (average balances) | 95.64% | 96.22% | 95.15% | 99.27% | 98.20% |
| **<u>Asset Quality Ratios:</u>** |  |  |  |  |  |
| Nonperforming assets to total assets | 1.54% | 1.07% | 1.28% | 0.94% | 0.60% |
| Nonperforming loans to total loans | 1.85% | 1.32% | 1.60% | 1.15% | 0.73% |
| Net charge-offs to average portfolio loans <sup>(1)</sup> | 0.35% | 0.75% | 0.38% | 0.37% | 0.51% |
| Allowance for credit losses to total loans | 1.88% | 1.73% | 1.81% | 1.85% | 1.51% |
| Allowance for credit losses to non-performing loans | 101.53% | 131.19% | 112.86% | 160.88% | 206.50% |
| **<u>Bank Capital Ratios:</u>** |  |  |  |  |  |
| Total risk based capital ratio | 12.92% | 13.13% | 12.93% | 12.79% | 13.76% |
| Tier-1 risk based capital ratio | 11.66% | 11.87% | 11.67% | 11.54% | 12.50% |
| Leverage ratio | 9.31% | 9.39% | 9.27% | 9.17% | 9.84% |
| Common Equity Tier-1 capital ratio | 11.66% | 11.87% | 11.67% | 11.54% | 12.50% |
| Tangible common equity | 9.04% | 8.84% | 8.66% | 9.31% | 9.12% |
| **<u>Holding Company Capital Ratios:</u>** |  |  |  |  |  |
| Total risk based capital ratio | 15.22% | 15.30% | 14.97% | 15.48% | 16.65% |
| Tier-1 risk based capital ratio | 13.59% | 13.66% | 13.32% | 13.83% | 14.88% |
| Leverage ratio | 10.96% | 10.90% | 10.68% | 11.07% | 11.85% |
| Common Equity Tier-1 capital ratio | 13.51% | 13.58% | 13.24% | 13.74% | 14.78% |
| Tangible common equity | 10.57% | 10.22% | 9.94% | 11.07% | 10.94% |

---

_______________

<sup>(1)</sup> Annualized.

<sup>(2)</sup> Refer to Appendix for reconciliation of non-GAAP measures.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** | **<u>HISTORICAL FINANCIAL HIGHLIGHTS - Unaudited (Continued)</u>** |
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands, except per share data) | **September 30,<br>2025** | **June 30, 2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **<u>Composition of Loans:</u>** |  |  |  |  |  |
| Commercial real estate, non owner-occupied | $509878 | $495341 | $484399 | $471329 | $403487 |
| Commercial real estate, owner-occupied | 442827 | 436421 | 420643 | 440026 | 351462 |
| Residential real estate | 740060 | 710730 | 693597 | 688552 | 623684 |
| Construction real estate | 344290 | 343189 | 343280 | 321252 | 301909 |
| Commercial and industrial | 619148 | 593279 | 594331 | 554550 | 271811 |
| Lender finance | 31883 | 32494 | 23165 | 28574 | 29546 |
| Business equity lines of credit | 2931 | 2853 | 3468 | 3090 | 2663 |
| Credit card, net of reserve<sup>(3)</sup> | 136483 | 131029 | 118709 | 127766 | 127098 |
| Other consumer loans | 2010 | 2727 | 2200 | 2089 | 2045 |
| &nbsp;&nbsp;&nbsp;&nbsp;Portfolio loans receivable | $2829510 | $2748063 | $2683792 | $2637228 | $2113705 |
| Deferred origination fees, net | (7527) | (8255) | (5386) | (7065) | (6183) |
| &nbsp;&nbsp;&nbsp;&nbsp;Portfolio loans receivable, net | $2821983 | $2739808 | $2678406 | $2630163 | $2107522 |
| **<u>Composition of Deposits:</u>** |  |  |  |  |  |
| Noninterest-bearing | $857542 | $836979 | $812224 | $810928 | $718120 |
| Interest-bearing demand | 275767 | 319431 | 296455 | 238881 | 266493 |
| Savings | 12835 | 12879 | 12819 | 13488 | 3763 |
| Money markets | 989160 | 960237 | 912418 | 816708 | 686526 |
| Customer time deposits | 539207 | 541079 | 549630 | 548901 | 358300 |
| Brokered time deposits | 237542 | 270133 | 307787 | 333033 | 153022 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $2912053 | $2940738 | $2891333 | $2761939 | $2186224 |
| **<u>Capital Bank Home Loan Metrics:</u>** |  |  |  |  |  |
| Origination of loans held for sale | $80651 | $80334 | $65815 | $89998 | $74690 |
| Mortgage loans sold | 66409 | 59663 | 54144 | 77399 | 67296 |
| Gain on sale of loans | 1698 | 1597 | 1664 | 1897 | 1644 |
| Purchase volume as a % of originations | 92.32% | 91.61% | 90.73% | 90.42% | 90.98% |
| Gain on sale as a % of loans sold<sup>(4)</sup> | 2.56% | 2.68% | 3.07% | 2.45% | 2.44% |
| Mortgage commissions | $656 | $501 | $545 | $620 | $598 |
| **<u>OpenSk</u>y**<sup>™</sup> **<u>Portfolio Metrics:</u>** |  |  |  |  |  |
| Open customer accounts | 587641 | 585372 | 563718 | 552566 | 548952 |
| Secured credit card loans, gross | $84737 | $86400 | $81252 | $87226 | $89641 |
| Unsecured credit card loans, gross | 53633 | 46352 | 38987 | 42430 | 39730 |
| Noninterest secured credit card deposits | 166874 | 168936 | 168796 | 166355 | 170750 |

---

_______________

<sup>(3)</sup> Credit card loans are presented net of reserve for interest and fees.

<sup>(4)</sup> Gain on sale percentage is calculated as gain on sale of loans divided by mortgage loans sold.

------

Appendix

**Reconciliation of Non-GAAP Measures**

The Company has presented the following non-GAAP (U.S. Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Company's results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Company evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Company's industry. Investors should recognize that the Company's presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Company strongly encourages a review of its condensed consolidated financial statements in their entirety.

------

Appendix

**Reconciliation of Non-GAAP Measures**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Core Earnings Metrics** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands, except per share data) | **September 30, 2025** | **June 30, 2025** | **March 31, 2025** | **December 31, 2024** | **September 30, 2024** |
| **Net Income** | $15065 | $13136 | $13932 | $7533 | $8672 |
| Add: Income from the Call of Brokered Time Deposits, Net of Tax | (3489) |  |  |  |  |
| Add: Merger-Related Expenses, Net of Tax | 575 | 1070 | 964 | 2151 | 557 |
| Add: Non-Recurring Equity and Debt Investment Write-Down |  |  |  | 2620 |  |
| Add: IFH ACL Provision, Net of Tax |  |  |  | 3169 |  |
| **Core Net Income** | $12151 | $14206 | $14896 | $15473 | $9229 |
| **Weighted Average Common Shares - Diluted** | 16844 | 16802 | 16925 | 16729 | 13951 |
| **Earnings per Share - Diluted** | $0.89 | $0.78 | $0.82 | $0.45 | $0.62 |
| **Core Earnings per Share - Diluted** | $0.72 | $0.85 | $0.88 | $0.92 | $0.66 |
| **Average Assets** | $3378296 | $3292533 | $3221964 | $3120107 | $2437870 |
| **Return on Average Assets**<sup>(1)</sup> | 1.77% | 1.60% | 1.75% | 0.96% | 1.42% |
| **Core Return on Average Assets**<sup>(1)</sup> | 1.43% | 1.73% | 1.87% | 1.97% | 1.51% |
| **Average Equity** | $383922 | $371795 | $363115 | $352537 | $274087 |
| **Return on Average Equity**<sup>(1)</sup> | 15.57% | 14.17% | 15.56% | 8.50% | 12.59% |
| **Core Return on Average Equity**<sup>(1)</sup> | 12.56% | 15.33% | 16.64% | 17.46% | 13.40% |
| **Net Interest Income** | $52020 | $47646 | $46047 | $44327 | $38354 |
| Less: Brokered Time Deposit Call | 4618 |  |  |  |  |
| **Core Net Interest Income (a)** | $47402 | $47646 | $46047 | $44327 | $38354 |
| **Noninterest Income** | 11068 | 13106 | 12549 | 11913 | 6635 |
| **Total Revenue** | $58470 | $60752 | $58596 | $56240 | $44989 |
| **Noninterest Expense** | $38354 | $39572 | $38053 | $37514 | $29725 |
| **Efficiency Ratio**<sup>(2)</sup> | 65.6% | 65.1% | 64.9% | 66.7% | 66.1% |
| **Noninterest Income** | $11068 | $13106 | $12549 | $11913 | $6635 |
| Add: Non-Recurring Equity and Debt Investment Write-Down |  |  |  | 2620 |  |
| **Core Fee Revenue (b)** | $11068 | $13106 | $12549 | $14533 | $6635 |
| **Core Revenue (a) + (b)** | $58470 | $60752 | $58596 | $58860 | $44989 |
| **Noninterest Expense** | $38354 | $39572 | $38053 | $37514 | $29725 |
| Less: Merger-Related Expenses | 697 | 1398 | 1266 | 2615 | 520 |
| **Core Noninterest Expense** | $37657 | $38174 | $36787 | $34899 | $29205 |
| **Core Efficiency Ratio**<sup>(2)</sup> | 64.4% | 62.8% | 62.8% | 59.3% | 64.9% |

---

_______________

<sup>(1)</sup> Annualized.

<sup>(2)</sup> The efficiency ratio is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income).

------

Appendix

**Reconciliation of Non-GAAP Measures**

---

| | | |
|:---|:---|:---|
| **Core Earnings Metrics** | **Nine Months Ended** | **Nine Months Ended** |
| (in thousands, except per share data) | **September 30, 2025** | **September 30, 2024** |
| **Net Income** | $42133 | $23439 |
| Add: Income from the Call of Brokered Time Deposits, Net of Tax | (3489) |  |
| Add: Merger-Related Expenses, Net of Tax | 2609 | 1157 |
| Add: Non-Recurring Equity and Debt Investment Write-Down |  |  |
| Add: IFH ACL Provision, Net of Tax |  |  |
| **Core Net Income** | $41253 | $24596 |
| **Weighted Average Common Shares - Diluted** | 16850 | 13909 |
| **Earnings per Share - Diluted** | $2.50 | $1.69 |
| **Core Earnings per Share - Diluted** | $2.45 | $1.77 |
| **Average Assets** | $3298170 | $2363928 |
| **Return on Average Assets**<sup>(1)</sup> | 1.71% | 1.32% |
| **Core Return on Average Assets** | 1.67% | 1.39% |
| **Average Equity** | $373020 | $265500 |
| **Return on Average Equity**<sup>(1)</sup> | 15.10% | 11.79% |
| **Core Return on Average Equity** | 14.79% | 12.37% |
| **Net Interest Income** | $145713 | $110419 |
| Less: Income from the Call of Brokered Time Deposits | 4618 |  |
| **Core Net Interest Income (a)** | $141095 | $110419 |
| **Noninterest Income** | 36723 | 19497 |
| **Total Revenue** | $177818 | $129916 |
| **Noninterest Expense** | $115979 | $88705 |
| **Efficiency Ratio**<sup>(2)</sup> | 65.2% | 68.3% |
| **Noninterest Income** | $36723 | $19497 |
| Add: Non-Recurring Equity and Debt Investment Write-Down |  |  |
| **Core Fee Revenue (b)** | $36723 | $19497 |
| **Core Revenue (a) + (b)** | $177818 | $129916 |
| **Noninterest Expense** | $115979 | $88705 |
| Less: Merger-Related Expenses | 3361 | 1315 |
| **Core Noninterest Expense** | $112618 | $87390 |
| **Core Efficiency Ratio**<sup>(2)</sup> | 63.3% | 67.3% |

---

_______________

<sup>(1)</sup> Annualized.

<sup>(2)</sup> The efficiency ratio is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income).

------

Appendix

**Reconciliation of Non-GAAP Measures**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Commercial Bank Net Interest Margin** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** |
| **Commercial Bank Net Interest Income** | $| 36267 | $| 33073 | $| 31515 | $| 28812 | $| 22676 |
| Average Interest Earning Assets | 3246653 | 3246653 | 3163421 | 3163421 | 3087943 | 3087943 | 3003081 | 3003081 | 2380946 | 2380946 |
| &nbsp;&nbsp;Less: Average Non-Commercial Bank Interest Earning Assets | 144558 | 144558 | 132196 | 132196 | 128278 | 128278 | 133401 | 133401 | 129906 | 129906 |
| **Average Commercial Bank Interest Earning Assets** | $| 3102095 | $| 3031225 | $| 2959665 | $| 2869680 | $| 2251040 |
| **Commercial Bank Net Interest Margin** | 4.64% | 4.64% | 4.38% | 4.38% | 4.32% | 4.32% | 3.99% | 3.99% | 4.01% | 4.01% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commercial Bank Net Interest Margin** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **September 30, 2024** | **September 30, 2024** |
| **Commercial Bank Net Interest Income** | $| 100855 | $| 63944 |
| Average Interest Earning Assets | 3166588 | 3166588 | 2314470 | 2314470 |
| &nbsp;&nbsp;Less: Average Non-Commercial Bank Interest Earning Assets | 135146 | 135146 | 247905 | 247905 |
| **Average Commercial Bank Interest Earning Assets** | $| 3031442 | $| 2066565 |
| **Commercial Bank Net Interest Margin** | 4.45% | 4.45% | 4.13% | 4.13% |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Commercial Bank Portfolio Loans Receivable Yield** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** |
| **Portfolio Loans Receivable Interest Income** | $| 60610 | $| 60647 | $| 58453 | $| 58409 | $| 49886 |
| &nbsp;&nbsp;Less: Credit Card Loan Income | 15387 | 15387 | 14116 | 14116 | 14148 | 14148 | 15022 | 15022 | 15137 | 15137 |
| **Commercial Bank Portfolio Loans Receivable Interest Income** | $| 45223 | $| 46531 | $| 44305 | $| 43387 | $| 34749 |
| Average Portfolio Loans Receivable | 2789815 | 2789815 | 2733865 | 2733865 | 2634110 | 2634110 | 2592960 | 2592960 | 2053619 | 2053619 |
| &nbsp;&nbsp;Less: Average Credit Card Loans | 129100 | 129100 | 121414 | 121414 | 118723 | 118723 | 120993 | 120993 | 119458 | 119458 |
| **Total Commercial Bank Average Portfolio Loans Receivable** | $| 2660715 | $| 2612451 | $| 2515387 | $| 2471967 | $| 1934161 |
| **Commercial Bank Portfolio Loans Receivable Yield** | 6.74% | 6.74% | 7.14% | 7.14% | 7.14% | 7.14% | 6.98% | 6.98% | 7.15% | 7.15% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commercial Bank Portfolio Loans Receivable Yield** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **September 30, 2024** | **September 30, 2024** |
| **Portfolio Loans Receivable Interest Income** | $| 179710 | $| 143937 |
| &nbsp;&nbsp;Less: Credit Card Loan Income | 43651 | 43651 | 44798 | 44798 |
| **Commercial Bank Portfolio Loans Receivable Interest Income** | $| 136059 | $| 99139 |
| Average Portfolio Loans Receivable | 2719834 | 2719834 | 1991435 | 1991435 |
| &nbsp;&nbsp;Less: Average Credit Card Loans | 123117 | 123117 | 113764 | 113764 |
| **Total Commercial Bank Average Portfolio Loans Receivable** | $| 2596717 | $| 1877671 |
| **Commercial Bank Portfolio Loans Receivable Yield** | 7.01% | 7.01% | 7.05% | 7.05% |

---

------

Appendix

**Reconciliation of Non-GAAP Measures**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Pre-tax, Pre-Provision Net Revenue ("PPNR")** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **June 30, 2025** | **March 31, 2025** | **December 31, 2024** | **September 30, 2024** |
| **Net Income** | $15065 | $13136 | $13932 | $7533 | $8672 |
| &nbsp;&nbsp;Add: Income Tax Expense | 4802 | 3963 | 4365 | 3243 | 2827 |
| &nbsp;&nbsp;Add: Provision for Credit Losses | 4650 | 4081 | 2246 | 7828 | 3748 |
| &nbsp;&nbsp;Add: Provision for Credit Losses on Unfunded Commitments | 217 |  |  | 122 | 17 |
| **Pre-tax, Pre-Provision Net Revenue ("PPNR")** | $24734 | $21180 | $20543 | $18726 | $15264 |

---

---

| | | |
|:---|:---|:---|
| **Pre-tax, Pre-Provision Net Revenue ("PPNR")** | **Nine Months Ended** | **Nine Months Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2024** |
| **Net Income** | $42133 | $23439 |
| &nbsp;&nbsp;Add: Income Tax Expense | 13130 | 7617 |
| &nbsp;&nbsp;Add: Provision for Credit Losses | 10977 | 9892 |
| &nbsp;&nbsp;Add: Provision for Credit Losses on Unfunded Commitments | 217 | 263 |
| **Pre-tax, Pre-Provision Net Revenue ("PPNR")** | $66457 | $41211 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Core PPNR** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **June 30, 2025** | **March 31, 2025** | **December 31, 2024** | **September 30, 2024** |
| **Net Income** | $15065 | $13136 | $13932 | $7533 | $8672 |
| &nbsp;&nbsp;Add: Income Tax Expense | 4802 | 3963 | 4365 | 3243 | 2827 |
| &nbsp;&nbsp;Add: Provision for Credit Losses | 4650 | 4081 | 2246 | 7828 | 3748 |
| &nbsp;&nbsp;Add: Provision for Credit Losses on Unfunded Commitments | 217 |  |  | 122 | 17 |
| &nbsp;&nbsp;Add: Income from the Call of Brokered Time Deposits | (4618) |  |  |  |  |
| &nbsp;&nbsp;Add: Merger-Related Expenses | 697 | 1398 | 1266 | 2615 | 520 |
| &nbsp;&nbsp;Add: Non-Recurring Equity and Debt Investment Write-Down |  |  |  | 2620 |  |
| **Core PPNR** | $20813 | $22578 | $21809 | $23961 | $15784 |

---

---

| | | |
|:---|:---|:---|
| **Core PPNR** | **Nine Months Ended** | **Nine Months Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2024** |
| **Net Income** | $42133 | $23439 |
| &nbsp;&nbsp;Add: Income Tax Expense | 13130 | 7617 |
| &nbsp;&nbsp;Add: Provision for Credit Losses | 10977 | 9892 |
| &nbsp;&nbsp;Add: Provision for Credit Losses on Unfunded Commitments | 217 | 263 |
| &nbsp;&nbsp;Add: Income from the Call of Brokered Time Deposits | (4618) |  |
| &nbsp;&nbsp;Add: Merger-Related Expenses | 3361 | 1315 |
| **Core PPNR** | $65200 | $42526 |

---

------

Appendix

**Reconciliation of Non-GAAP Measures**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Allowance for Credit Losses to Total Portfolio Loans** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** |
| **Allowance for Credit Losses** | $| 53045 | $| 47447 | $| 48454 | $| 48652 | $| 31925 |
| **Total Portfolio Loans** | 2821983 | 2821983 | 2739808 | 2739808 | 2678406 | 2678406 | 2630163 | 2630163 | 2107522 | 2107522 |
| **Allowance for Credit Losses to Total Portfolio Loans** | 1.88% | 1.88% | 1.73% | 1.73% | 1.81% | 1.81% | 1.85% | 1.85% | 1.51% | 1.51% |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Commercial Bank Allowance for Credit Losses to Commercial Bank Portfolio Loans** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** |
| **Allowance for Credit Losses** | $| 53045 | $| 47447 | $| 48454 | $| 48652 | $| 31925 |
| &nbsp;&nbsp;Less: Credit Card Allowance for Credit Losses | 7413 | 7413 | 6762 | 6762 | 5905 | 5905 | 6402 | 6402 | 7339 | 7339 |
| **Commercial Bank Allowance for Credit Losses** | 45632 | 45632 | 40685 | 40685 | 42549 | 42549 | 42250 | 42250 | 24586 | 24586 |
| **Total Portfolio Loans** | 2821983 | 2821983 | 2739808 | 2739808 | 2678406 | 2678406 | 2630163 | 2630163 | 2107522 | 2107522 |
| &nbsp;&nbsp;Less: Gross Credit Card Loans | 130897 | 130897 | 126233 | 126233 | 115991 | 115991 | 122928 | 122928 | 121718 | 121718 |
| **Commercial Bank Portfolio Loans** | 2691086 | 2691086 | 2613575 | 2613575 | 2562415 | 2562415 | 2507235 | 2507235 | 1985804 | 1985804 |
| **Commercial Bank Allowance for Credit Losses to Total Portfolio Loans** | 1.70% | 1.70% | 1.56% | 1.56% | 1.67% | 1.67% | 1.70% | 1.70% | 1.24% | 1.24% |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Nonperforming Assets to Total Assets** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** |
| **Total Nonperforming Assets** | $| 52247 | $| 36167 | $| 42934 | $| 30241 | $| 15460 |
| **Total Assets** | 3389442 | 3389442 | 3388662 | 3388662 | 3349805 | 3349805 | 3206911 | 3206911 | 2560788 | 2560788 |
| **Nonperforming Assets to Total Assets** | 1.54% | 1.54% | 1.07% | 1.07% | 1.28% | 1.28% | 0.94% | 0.94% | 0.60% | 0.60% |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Nonperforming Loans to Total Portfolio Loans** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** |
| **Total Nonperforming Loans** | $| 52247 | $| 36167 | $| 42934 | $| 30241 | $| 15460 |
| **Total Portfolio Loans** | 2821983 | 2821983 | 2739808 | 2739808 | 2678406 | 2678406 | 2630163 | 2630163 | 2107522 | 2107522 |
| **Nonperforming Loans to Total Portfolio Loans** | 1.85% | 1.85% | 1.32% | 1.32% | 1.60% | 1.60% | 1.15% | 1.15% | 0.73% | 0.73% |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Net Charge-Offs to Average Portfolio Loans** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** |
| **Total Net Charge-Offs** | $| 2476 | $| 5088 | $| 2444 | $| 2427 | $| 2655 |
| **Total Average Portfolio Loans** | 2789815 | 2789815 | 2733865 | 2733865 | 2634110 | 2634110 | 2592960 | 2592960 | 2053619 | 2053619 |
| **Net Charge-Offs to Average Portfolio Loans, Annualized** | 0.35% | 0.35% | 0.75% | 0.75% | 0.38% | 0.38% | 0.37% | 0.37% | 0.51% | 0.51% |

---

------

Appendix

**Reconciliation of Non-GAAP Measures**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Tangible Book Value per Share** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands, except share and per share data) | **September 30, 2025** | **June 30, 2025** | **March 31, 2025** | **December 31, 2024** | **September 30, 2024** |
| **Total Stockholders' Equity** | $394770 | $380035 | $369577 | $355139 | $280111 |
| &nbsp;&nbsp;Less: Preferred Equity |  |  |  |  |  |
| &nbsp;&nbsp;Less: Intangible Assets | 41839 | 37773 | 39641 | 36943 |  |
| **Tangible Common Equity** | $352931 | $342262 | $329936 | $318196 | $280111 |
| Period End Shares Outstanding | 16589241 | 16581990 | 16657168 | 16662626 | 13917891 |
| **Tangible Book Value per Share** | $21.27 | $20.64 | $19.81 | $19.10 | $20.13 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Return on Average Tangible Common Equity** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **June 30, 2025** | **March 31, 2025** | **December 31, 2024** | **September 30, 2024** |
| **Net Income** | $15065 | $13136 | $13932 | $7533 | $8672 |
| &nbsp;&nbsp;Add: Intangible Amortization, Net of Tax | 199 | 200 | 199 | 198 |  |
| **Net Tangible Income** | $15264 | $13336 | $14131 | $7731 | $8672 |
| **Average Equity** | 383922 | 371795 | 363115 | 352537 | 274087 |
| &nbsp;&nbsp;Less: Average Intangible Assets | 37715 | 39534 | 36896 | 22890 |  |
| **Net Average Tangible Common Equity** | $346207 | $332261 | $326219 | $329647 | $274087 |
| **Return on Average Equity** | 15.57% | 14.17% | 15.56% | 8.50% | 12.59% |
| **Return on Average Tangible Common Equity** | 17.49% | 16.10% | 17.57% | 9.33% | 12.59% |

---

---

| | | |
|:---|:---|:---|
| **Return on Average Tangible Common Equity** | **Nine Months Ended** | **Nine Months Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2024** |
| **Net Income** | $42133 | $23439 |
| &nbsp;&nbsp;Add: Intangible Amortization, Net of Tax | 599 |  |
| **Net Tangible Income** | $42732 | $23439 |
| **Average Equity** | 373020 | 265500 |
| &nbsp;&nbsp;Less: Average Intangible Assets | 38051 |  |
| **Net Average Tangible Common Equity** | $334969 | $265500 |
| **Return on Average Equity** | 15.10% | 11.79% |
| **Return on Average Tangible Common Equity** | 17.06% | 11.79% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Core Return on Average Tangible Common Equity** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| (in thousands) | **September 30, 2025** | **June 30, 2025** | **March 31, 2025** | **December 31, 2024** | **September 30, 2024** |
| **Net Income, as Adjusted** | $12151 | $14206 | $14896 | $15473 | $9229 |
| &nbsp;&nbsp;Add: Intangible Amortization, Net of Tax | 199 | 200 | 199 | 198 |  |
| **Core Net Tangible Income** | $12350 | $14406 | $15095 | $15671 | $9229 |
| **Core Return on Average Tangible Common Equity** | 14.15% | 17.39% | 18.77% | 18.91% | 13.40% |

---

---

| | | |
|:---|:---|:---|
| **Core Return on Average Tangible Common Equity** | **Nine Months Ended** | **Nine Months Ended** |
| (in thousands) | **September 30, 2025** | **September 30, 2024** |
| **Net Income, as Adjusted** | $41253 | $24596 |
| &nbsp;&nbsp;Add: Intangible Amortization, Net of Tax | 599 |  |
| **Core Net Tangible Income** | $41852 | $24596 |
| **Core Return on Average Tangible Common Equity** | 16.70% | 12.37% |

---

------

**ABOUT CAPITAL BANCORP, INC.**

Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in four locations in the Washington, D.C., Baltimore, other Maryland markets, one bank branch in Fort Lauderdale, Florida, one bank branch in Chicago, Illinois and one bank branch in Raleigh, North Carolina. Capital Bancorp had assets of approximately $3.4 billion at September 30, 2025 and its common stock is traded in the NASDAQ Global Market under the symbol "CBNK." More information can be found at the Company's website www.CapitalBankMD.com under its investor relations page.

**FORWARD-LOOKING STATEMENTS**

This earnings release contains forward-looking statements. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. Any statements about our management's expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "optimistic," "intends" and similar words or phrases. Any or all of the forward-looking statements in this earnings release may turn out to be inaccurate. The inclusion of forward-looking information in this earnings release should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not a guarantee of future performance and that actual results may prove to be materially different from the results expressed or implied by the forward-looking statements due to a number of factors. For details on some of the factors that could affect these expectations, see risk factors and other cautionary language included in the Company's Annual Report on Form 10-K and other periodic and current reports filed with the Securities and Exchange Commission.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: the strength of the United States ("U.S.") economy in general and the strength of the local economies in

which we conduct operations; geopolitical concerns, including acts or threats of terrorism and the ongoing wars in Ukraine and in the Middle East; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market, and monetary fluctuations; volatility and disruptions in global capital and credit markets; changes in U.S. trade policies, including the implementation of tariffs and other protectionist trade policies; the effects of federal government shutdowns, debt ceiling standoff, or other fiscal policy uncertainty; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services; the impact of changes in financial services policies, laws, and regulations, including those concerning taxes, banking, securities, and insurance, and the application thereof by regulatory bodies; cybersecurity threats and the cost of defending against them; climate change, and other catastrophic disasters; the effect of the IFH acquisition or any other acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations, including the planned growth of Windsor Advantage<sup>TM</sup>; and other factors that may affect our future results.

These forward-looking statements are made as of the date of this communication, and the Company does not intend, and assumes no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by law.

FINANCIAL CONTACT: Ed Barry (240) 283-1912

MEDIA CONTACT: Ed Barry (240) 283-1912

WEB SITE: www.CapitalBankMD.com

## Exhibit 99.2

![](investoroverview09302025001.jpg)

3Q 2025 Investor Overview

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![](investoroverview09302025002.jpg)

Forward Looking Statements This earnings release contains forward-looking statements. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. Any statements about our management's expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "optimistic," "intends" and similar words or phrases. Any or all of the forward-looking statements in this earnings release may turn out to be inaccurate. The inclusion of forward-looking information in this earnings release should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward- looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not a guarantee of future performance and that actual results may prove to be materially different from the results expressed or implied by the forward-looking statements due to a number of factors. For details on some of the factors that could affect these expectations, see risk factors and other cautionary language included in the Company's Annual Report on Form 10-K and other periodic and current reports filed with the Securities and Exchange Commission. While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: the strength of the United States ("U.S.") economy in general and the strength of the local economies inwhich we conduct operations; geopolitical concerns, including acts or threats of terrorism and the ongoing wars in Ukraine and in the Middle East; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market, and monetary fluctuations; volatility and disruptions in global capital and credit markets; changes in U.S. trade policies, including the implementation of tariffs and other protectionist trade policies; the effects of federal government shutdowns, debt ceiling standoff, or other fiscal policy uncertainty; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services; the impact of changes in financial services policies, laws, and regulations, including those concerning taxes, banking, securities, and insurance, and the application thereof by regulatory bodies; cybersecurity threats and the cost of defending against them; climate change, and other catastrophic disasters; the effect of the IFH acquisition or any other acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations, including the planned growth of Windsor AdvantageTM; and other factors that may affect our future results. Except as otherwise indicated, this presentation speaks as of the date hereof. The delivery of this presentation shall not, under any circumstances, create any implication that there has been no change in the affairs of Capital after the date hereof. Certain of the information contained herein may be derived from information provided by industry sources. The Company believes that such information is accurate and that the sources from which it has been obtained are reliable. Capital cannot guarantee the accuracy of such information, however, and has not independently verified such information. While Capital is not aware of any misstatements regarding the industry data presented in this presentation, Capital's estimates involve risks and uncertainties and are subject to change based on various factors. Similarly, Capital believes that its internal research is reliable, even though such research has not been verified by independent sources. Non-U.S. GAAP Financial Measures This presentation may include certain non–U.S. generally accepted accounting principles ("GAAP") financial measures intended to supplement, not substitute for, comparable GAAP measures. These non-GAAP financial measures should not be considered in isolation, and should be considered as additions to, and not substitutes for or superior to, measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of the Company's non-GAAP financial measures as tools for comparison. If included in this presentation, see the Appendix to this presentation for a reconciliation of the non-GAAP financial measures used in (or conveyed orally during) this presentation to their most directly comparable GAAP financial measures. Core Financial Measures As used in this presentation, core net income, core fee revenue, core ROA, core ROE, ROTCE, core ROTCE, Commercial Bank NIM, Commercial Bank Loan Yield, Commercial Bank ACL Coverage Ratio, and Tangible Book Value are non-GAAP financial measures. These non-GAAP financial metrics exclude brokered time deposit call, merger-related expenses and other certain one-time non-recurring pre-tax adjustments and tax impacts of such adjustments. Reconciliations of these and other non-GAAP measures to their comparable GAAP measures are set forth in the Appendix to this presentation. 2

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Capital Bancorp, Inc. (NASDAQ-CBNK) Financial Highlights Corporate Timeline Founded as Harbor Capital National Bank Recapitalized by investor group led by Stephen Ashman Acquired three failed institutions including OpenSky® CEO Ed Barry joined Capital Bank Assets exceed $1 billion Successful IPO and inclusion in R2000 OpenSky® accounts exceed 168,000 1999 2002 2011 2012 2017 2018 Originated $371 million SBA-PPP loans (2020 & 2021) 2020 Assets exceed $2 billion OpenSky® accounts exceed 700,000 Dividend initiated 2021 (1) Performance metrics are annualized throughout this presentation (2) Refer to Appendix for reconciliation of non-GAAP measures Assets exceed $3.2 billion Capital Bank completes acquisition of IFH 2024 3 (in millions except per share data) Balance Sheet 3Q25 2Q25 Annualized 3Q24 YoY Assets 3,389$3,389$0.00% 2,561$32.30% Portfolio Loans 2,822 2,740 12.00% 2,108 33.90% Deposits 2,912 2,941 -3.90% 2,186 33.20% Quarterly Financial Performance(1) 3Q25 2Q25 QoQ 3Q24 YoY Earnings per Share, Diluted 0.89$0.78$14.10% 0.62$43.50% Core Earnings per Share, Diluted(2) 0.72$0.85$-15.30% 0.66$9.10% Book Value per Share 23.80$22.92$3.80% 20.13$18.20% Tangible Book Value per Share(2) 21.27$20.64$3.10% 20.13$5.70% Return on Average Assets ("ROA") 1.77% 1.60% 17 bps 1.42% 35 bps Core ROA(2) 1.43% 1.73% -30 bps 1.51% -8 bps Return on Average Tangible Common Equity ("ROTCE")(2) 17.49% 16.10% 139 bps 12.59% 490 bps Core ROTCE(2) 14.15% 17.39% -324 bps 13.40% 75 bps Efficiency Ratio 60.79% 65.14% -435 bps 66.07% -528 bps Core Efficiency Ratio(2) 64.40% 62.80% 160 bps 64.92% -52 bps Net Interest Margin 6.36% 6.04% 32 bps 6.41% -5 bps Commercial Bank Net Interest Margin(2) 4.64% 4.38% 26 bps 4.01% 63 bps

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$3.2Bn Q3 '25 Servicing Portfolio $5.3mm Q3 '25 Revenue4 • Loan service provider that offers community banks and credit unions with a comprehensive outsourced U.S. Small Business Association ("SBA") 7(a) and U.S. Department of Agriculture ("USDA") lending platform • Servicing portfolio complements USDA / SBA gain on sale revenue within commercial bank • Poised to benefit from higher industry-wide SBA volumes Q3 2025 6 CBNK Business Model is Uniquely Diversified Source: Company Documents. Note: CBNK financial metrics as of September 30, 2025 unless otherwise stated. 1 Includes a $1.3 million one-time impact associated with the reversal of income related to previously recognized interest income in the first and second quarter that was also correctly recognized as Fee Revenue in those periods 2 Volume in FY 2021 was approximately $1.0 billion and volume in FY 2022 was approximately $300 million. 3 Credit card loans are presented net of reserve for interest and fees. 4 Includes $1.1 million of Capital Bank related servicing fees 5 Excludes $1.8 million loss in Capital Bank Home Loans, $1.4 of net income in Church Street Capital and $0.2mm of other income. 6 Excludes $564k of net loss in Capital Bank Home Loans. Commercial Bank OpenSky Windsor Advantage Commercial Banking Government Guaranty Lending (GGL) • Nationwide GGL business with niche expertise in Solar and Renewable Energy • Strong C&I pipeline with proven ability to originate $150+ million per year of loans $2.7Bn Portfolio Gross Loans, ex. OpenSky $2.5Bn Deposits • Focused on our core markets and filling out our national deposit vertical strategy • High value-added services and targeted vertical expertise generates above-average risk-adjusted loan yields • The Commercial Banking division operates out of six full-service banking locations, four of which are in the DMV Metropolitan Statistical Area ("MSA"), and its locations in Ft. Lauderdale, Florida in the Miami Metro Area MSA, and in Chicago, Illinois in the Chicago MSA $35.8mm Q3 '25 Revenue1 Fully-Allocated Illustrative Net Income Contribution 4 $81mm Q3 '25 Volume2 $1.9mm Q3 '25 Revenue • Nationwide lender, primarily mortgage banking; Certain retained loans within DMV area • Gain on sale margin returning to normalized levels; Well-positioned for stabilization or decline in rates • Expense management delivering profitability on a marginal basis while maintaining robust origination capabilities • Natural hedge against modest structural asset sensitivity of the balance sheet $167mm Deposits $137mm Loans, net3 • Nationwide, secured credit card to help under-banked customers (re)establish their credit with opportunities for graduation into unsecured credit • Building capabilities to cross-sell products and services as card-holders progress on their customer journeys • Extend unsecured to graduating customers and starting to build capabilities around a straight to unsecured product $20.1mm Q3 '25 Revenue Capital Bank Home Loans OpenSky Windsor Advantage FY 2023 5

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Financial Information

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Financial Performance Highlights $ in th ou sa nd s 6 (1) Refer to Appendix for reconciliation of non-GAAP measures. (2) Total net interest income includes negligible net interest income from CBHL Net Interest Income and Net Interest Margin Loan Yield and Deposit Rate Trends Cumulative Downcycle Betas (3) Deposit betas are cumulative for the current cycle easing rate cycle (since August 2024); Interest-bearing Deposit Betas include Brokered CD's (4) Loan yields and deposit rate trends include net purchase accounting adjustments Commentary • Excluding the $1.3 million one-time impact associated with the reversal of Commercial Bank income related to previously recognized interest income in the first and second quarter that was also correctly recognized as Fee Revenue in those periods, 3Q 2025 NIM would have been 5.95% and Commercial Bank NIM would have been 4.21%.

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Core Fee Revenue $ in th ou sa nd s 7 (1) Other includes a $2.6mm non-recurring legacy IFH equity and debt investment write-down during 4Q24, excluded in core revenue.

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Noninterest Expense $ in th ou sa nd s 8 Note: Other expense includes loan processing expense, outside service providers expense, regulatory expense, office expense and other operational losses Refer to Appendix for reconciliation of Core, non-GAAP measures.

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Profitability(1) 9 (1) Annualized Note: Refer to Appendix for reconciliation of Core, non-GAAP measures.

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Balance Sheet Composition Commentary • Gross loan growth of $82.2 million, or 11.9% (annualized), during 3Q25. • Compared to June 30, 2025, growth was primarily driven by $29.3 million from residential real estate, $25.9 million from commercial and industrial ("C&I"), $20.9 million from commercial real estate ("CRE"), and $5.5 million from OpenSky . • C&l loans, plus owner-occupied commercial real estate loans totaled 37.6% of total portfolio loans at September 30, 2025, consistent with the prior quarter, and 29.6% at September 30, 2024. 10 (1) Other is comprised of lender finance of $31.9 million, business equity lines of credit of $2.9 million, other consumer loans of $2.0 million and deferred origination fees, net of $7.5 million. Note: Portfolio loans are presented net of deferred fees and costs of $7.5 million. Credit Card loans are presented net of reserve for interest and fees. C&I + OO-CRE represents 38% of total Portfolio Loans

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Composition of Deposits Commentary • Total deposits decreased $28.7 million, or 3.9% (annualized) 3Q25. • Average Portfolio loans-to-deposit ratio of 95.6%. • Interest bearing deposit costs decreased 88bps to 2.41% from 3.29% in the prior quarter, and total deposit costs decreased 63bps to 1.73% from 2.36% in the prior quarter. • Excluding the $4.6 million accelerated accretion from refinancing the callable brokered deposit portfolio acquired in the IFH transaction, total deposit costs for the quarter would have been 2.36%, consistent with prior quarter, and interest-bearing deposit costs would have been 3.28% compared to 3.29% in the prior quarter. • Transaction accounts (noninterest-bearing and interest-bearing demand) represent 39% of overall deposit funding at September 30, 2025. • Insured and protected deposits were approximately $2.0 billion as of September 30, 2025 representing 67.0% of the Company's deposit portfolio. 11 (1) Annualized (in thousands) Deposits: Balance % of Total Deposits Average Rate(1) Noninterest-bearing 857,542$29.4% 0.00% Interest-bearing demand 275,767 9.5% 0.54% Savings 12,835 0.4% 0.47% Money markets 989,160 34.0% 3.48% Time deposits 776,749 26.7% 1.79% Total deposits 2,912,053$100.0% 1.73% As of or For the Three Months Ended September 30, 2025

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Investment Portfolio and Liquidity Investment Securities Portfolio • Classified as available for sale with a fair market value of $233 million, or 6.9% of total assets, with an effective duration of 2.6 years. • U.S. Treasuries represent 59% of the overall investment portfolio. • The accumulated other comprehensive loss on the investment securities portfolio of $6.8 million represents 1.7% of total stockholders' equity and $0.41 of TBVPS. • The Company does not have a held to maturity investment securities portfolio. 12 High Quality, Low Risk Investment Portfolio Sources of Liquidity at September 30, 2025: • $768 million of collateralized lines of credit include: • $645 million of available borrowing capacity from the FHLB. • $123 million of available borrowing capacity from the Federal Reserve Bank of Richmond's discount window. • Available lines of credit with other correspondent banks totaled $76 million. • Unpledged investment securities available as collateral for potential additional borrowings totaled $15 million. Significant Liquidity Capacity $ in m illi on s

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Credit Metrics 13 (1) Refer to Appendix for reconciliation of non-GAAP measures.

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Robust Capital Ratios 14 Note: Ratios presented are for Capital Bank unless otherwise noted

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% Change CBNK 136% KBW NASDAQ Regional Banking Index 1% Selected Banks2 Median 6% 58.48% (60%) (40%) (20%) 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% Share Appreciation Outperforms Industry Source: S&P Global Market Intelligence; FactSet. Note: Market data as of 10/23/2025. 1 CBNK IPO price of $12.50 used as starting price for price change calculation. 2 Select banks with assets between $1.5 billion and $5.0 billion in the Mid-Atlantic (North of Richmond) and New England Region. (ACNB, BCBP, BPRN, BWFG, FRBA, FRST, FVCB, HNVR, JMSB, MNSB, MRBK, MVBF, NBN, PKBK, UNTY). 15 Share Price Change Since CBNK IPO on 9/26/20181TBVPS + Dividend Growth Since 2018Q3 80%+ Outperformance vs. both groups 130%+ Outperformance vs. both groups CAGR % Change CBNK 15.8% 179% KBW NASDAQ Regional Banking Index 9.9% 94% Selected Banks2 Median 9.6% 90% 0% 20% 40% 60% 80% 100% 120% 140% 160% 180%

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Ed Barry Chief Executive Officer (240) 283-1912 NASDAQ: CBNK

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Non-U.S. GAAP Financial Measures

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Reconciliation of Non-GAAP Information 18 Tangible Book Value Per Share (in thousands, except per share amount) September 30, 2025 June 30, 2025 September 30, 2024 Total Stockholders' Equity 394,770$380,035$280,111$ Less: Preferred equity - - - Less: Intangible assets 41,839 37,773 - Tangible Common Equity 352,931$342,262$280,111$ Period End Shares Outstanding 16,589,241 16,581,990 13,917,891 Tangible Book Value Per Share 21.27$20.64$20.13$ Commercial Bank Net Interest Margin(1) (in thousands) September 30, 2025 June 30, 2025 September 30, 2024 Commercial Bank Net Interest Income 36,267$33,073$22,676$ Average Interest Earning Assets 3,246,653 3,163,421 2,380,946 Less: Average Non-Commercial Bank Interest Earning Assets 144,558 132,196 129,906 Average Commercial Bank Interest Earning Assets 3,102,095$3,031,225$2,251,040$ Commercial Bank Net Interest Margin(1) 4.64% 4.38% 4.01% (1) Annualized Quarters Ended Quarters Ended

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Reconciliation of Non-GAAP Information 19 Net Charge-offs to Average Portfolio Loans(1) (in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Total Net Charge-offs 5,088$5,088$2,444$2,427$2,655$ Total Average Portfolio Loans 2,733,865 2,733,865 2,634,110 2,592,960 2,053,619 Net Charge-offs to Average Portfolio Loans(1) 0.75% 0.75% 0.38% 0.37% 0.51% Nonperforming Loans to Total Portfolio Loans (in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Total Nonperforming Loans 52,247$36,167$42,934$30,241$15,460$ Total Portfolio Loans 2,821,983 2,739,808 2,678,406 2,630,163 2,107,522 Nonperforming Loans to Total Portfolio Loans 1.85% 1.32% 1.60% 1.15% 0.73% Allowance for Credit Losses to Total Portfolio Loans (in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Allowance for Credit Losses 53,045$47,447$48,454$48,652$31,925$ Total Portfolio Loans 2,821,983 2,739,808 2,678,406 2,630,163 2,107,522 Nonperforming Loans to Total Portfolio Loans 1.88% 1.73% 1.81% 1.85% 1.51% Commercial Bank Allowance for Credit Losses to Commercial Bank Portfolio Loans (in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Allowance for Credit Losses 53,045$47,447$48,454$48,652$31,925$ Less: Credit Card Allowance for Credit Losses 7,413 6,762 5,905 6,402 7,339 Commercial Bank Allowance for Credit Losses 45,632 40,685 42,549 42,250 24,586 Total Portfolio Loans 2,821,983 2,739,808 2,678,406 2,630,163 2,107,522 Less: Gross Credit Card Loans 130,897 126,233 115,991 122,928 121,718 Commercial Bank Portfolio Loans 2,691,086 2,613,575 2,562,415 2,507,235 1,985,804 Commercial Bank Allowance for Credit Losses to Commercial Bank Portfolio Loans 1.70% 1.56% 1.67% 1.70% 1.24% (1) Annualized Quarters Ended Quarters Ended Quarters Ended Quarters Ended

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Reconciliation of Non-GAAP Information 20 Core Earnings Metrics (in thousands, except per share data) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Net Income 15,065$13,136$13,932$7,533$8,672$ Add: Brokered Time Deposit Call, Net of Tax (3,489) - - - - Add: Merger-Related Expenses, net of tax 575 1,070 964 2,151 557 Add: Non-recurring equity and debt investment write-down - - - 2,620 - Add: IFH ACL Provision, net of tax - - - 3,169 - Core Net Income 12,151$14,206$14,896$15,473$9,229$ Weighted average common shares - Diluted 16,844 16,802 16,925 16,729 13,951 Earnings per share - Diluted 0.89$0.78$0.82$0.45$0.62$ Core Earnings per share - Diluted 0.72$0.85$0.88$0.92$0.66$ Average Assets 3,378,296$3,292,533$3,221,964$3,120,107$2,437,870$ Return on Average Assets(1) 1.77% 1.60% 1.75% 0.96% 1.42% Core Return on Average Assets(1) 1.43% 1.73% 1.87% 1.97% 1.51% Average Equity 383,922$371,795$363,115$352,537$274,087$ Return on Average Equity(1) 15.57% 14.17% 15.56% 8.50% 12.59% Core Return on Average Equity(1) 12.56% 15.33% 16.64% 17.46% 13.40% Net Interest Income 52,020$47,646$46,047$44,327$38,354$ Less: Brokered Time Deposit Call 4,618 Core Net Interest Income (a) 47,402$47,646$46,047$44,327$38,354$ Noninterest Income 11,068 13,106 12,549 11,913 6,635 Total Revenue 58,470$60,752$58,596$56,240$44,989$ Noninterest Expense 38,354 39,572 38,053 37,514 29,725 Efficiency Ratio(2) 65.6% 65.1% 64.9% 66.7% 66.1% Noninterest Income 11,068$13,106$12,549$11,913$6,635$ Add: Non-recurring equity and debt investment write-down - - - 2,620 - Core Fee Revenue (b) 11,068$13,106$12,549$14,533$6,635$ Core Total Revenue (a) + (b) 58,470$60,752$58,596$58,860$44,989$ Noninterest Expense 38,354$39,572$38,053$37,514$29,725$ Less: Merger-Related Expenses 697 1,398 1,266 2,615 520 Core Noninterest Expense 37,657$38,174$36,787$34,899$29,205$ Core Efficiency Ratio(2) 64.4% 62.8% 62.8% 59.3% 64.9% (1) Annualized (2) The efficiency ratio is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income). Quarters Ended

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Reconciliation of Non-GAAP Information 21 Return on Average Tangible Common Equity (in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Net Income 15,065$13,136$13,932$7,533$8,672$ Add: Intangible Amortization, net of tax 199 200 199 198 - Net Tangible Income 15,264$13,336$14,131$7,731$8,672$ Average Equity 383,922 371,795 363,115 352,537 274,087 Less: Average Intangible Assets 37,715 39,552 36,896 22,890 - Net Average Tangible Common Equity 346,207$332,243$326,219$329,647$274,087$ Return on Average Equity 15.57% 14.17% 15.56% 8.50% 12.59% Return on Average Tangible Common Equity 17.49% 16.10% 17.57% 9.33% 12.59% Core Return on Average Tangible Common Equity (in thousands) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Net Income, as Adjusted 12,151$14,206$14,896$15,473$9,229$ Add: Intangible Amortization, net of tax 199 200 199 198 - Core Net Tangible Income 12,350$14,406$15,095$15,671$9,229$ Core Return on Average Tangible Common Equity 14.15% 17.39% 18.77% 18.91% 13.40% Quarters Ended Quarters Ended

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