On March 16, 2026, Capital Bancorp, Inc. (the "Company"), the bank holding company for Capital Bank, N.A., announced the effectiveness of a new stock repurchase program. Under this program, the Company is authorized to repurchase up to $15 million of its common stock, par value $0.01 per share, which equates to approximately 550,000 shares. This represents about 3.4% of the total issued and outstanding common stock as of December 31, 2025. The new repurchase program is set to expire on December 31, 2026, but the Company retains the right to limit or terminate the program at any time without prior notice. This new initiative replaces the previous stock repurchase program that was announced in February 2025, which also authorized the repurchase of up to $15 million of common stock. Under that prior program, the Company successfully repurchased 419,643 shares before its expiration on February 28, 2026. The new program allows for shares to be repurchased at management's discretion, either through open market purchases or privately negotiated transactions, in compliance with applicable laws, including the safe harbor provisions under Rule 10b-18 of the Securities Exchange Act of 1934. The timing and extent of any repurchases will depend on market conditions and other factors considered by the Company’s management.

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