Operating cash flow remains volatile, evidenced by a 2026Q1 OCF/NI ratio of 1.81, reflecting the tactical liquidity management required to support the bank's $3.2 billion investment securities portfolio.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Cash from Operations | 68.92M | 69.72M | 34.93M | 47.42M | 51.39M | 132.08M | 5.46M | -27.21M | 28.3M | 34.81M | 7.54M | 16.67M | 7.05M | 5.71M | 5.14M |
| Operating CF Growth % | 7025.52% | 99.62% | -26.34% | -7.73% | -61.09% | 2320.3% | 120.05% | -196.15% | -18.71% | 361.99% | -54.79% | 136.27% | 23.62% | 11.05% | - |
| Net Income | 55.26M | 57.17M | 30.97M | 35.87M | 41.8M | 39.98M | 25.82M | 16.89M | 12.77M | 7.11M | 9.44M | 7.49M | 4.18M | 3.22M | 3.37M |
| Depreciation & Amortization | 4.39M | 3.87M | 2.21M | 473K | 1.43M | 1.21M | 1.89M | 2.35M | 1.08M | 983K | 966.08K | 929.35K | 1.11M | 505K | 409K |
| Deferred Taxes | 660K | 1.1M | -1.81M | 142K | 1.24M | -1.93M | -3.17M | -839K | -141K | -239K | -1.26M | -120.86K | 0 | 0 | 0 |
| Other Non-Cash Items | 10.83M | 8.49M | 70K | 8.96M | 15.44M | 96.33M | -23.09M | -48.89M | 11.27M | 27.12M | 5.32M | 2.56M | 518K | 1.58M | 1.51M |
| Working Capital Changes | -3.94M | -2.51M | 1.59M | 215K | -10.19M | -4.86M | 3.02M | 2.48M | 2.75M | -663K | -7.57M | 5.45M | 1.24M | 401K | -150K |
| Cash from Investing | -361.87M | -350.88M | -269.95M | -130.84M | -198.46M | -238.23M | -385.51M | -187.98M | -109.26M | -133.37M | -137.15M | -131.71M | -89.54M | -97.45M | -92.54M |
| Purchase of Investments | -64.13M | -54.88M | -65.4M | -6.96M | -113.08M | -169.67M | -53.93M | -38.59M | 0 | -12.81M | -22.88M | -9.15M | -22.18M | -12.47M | -35.12M |
| Sale/Maturity of Investments | 51.06M | 56.11M | 53.21M | 55.99M | 23.85M | 80.42M | 17.01M | 25.45M | 6.39M | 6.2M | 13.48M | 8.95M | 11.66M | 14.08M | 20.44M |
| Net Investment Activity | -13.07M | 1.23M | -12.19M | 49.03M | -89.23M | -89.26M | -36.92M | -13.14M | 6.39M | -6.61M | -9.4M | -209.12K | -10.52M | 1.61M | -14.68M |
| Acquisitions | 0 | 0 | 65.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20K |
| Other Investing | -345.98M | -349.74M | -320.78M | -177.71M | -107.67M | -148.95M | -348.33M | -174.49M | -113.92M | -125.34M | -127.07M | -129.54M | -77.83M | -97.97M | -77.74M |
| Cash from Financing | 398.28M | 331.39M | 386.39M | 56.97M | 44.09M | 142.64M | 412.14M | 295.29M | 63.37M | 112.73M | 147.61M | 115.73M | 84.06M | 95.71M | 88.44M |
| Dividends Paid | -7.59M | -7.3M | -5.28M | -3.92M | -3.08M | -1.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -14.67M | -11.73M | -1.4M | -8.83M | 0 | 0 | -3.72M | -371K | -45K | -512K | -3.42M | -1.38M | 0 | 0 | 0 |
| Stock Issued | 1.78M | 1.16M | 0 | 0 | 0 | 967K | 0 | 0 | 19.96M | 0 | 0 | 0 | 951K | 235K | 1.82M |
| Net Stock Activity | -12.89M | -10.57M | -1.4M | -8.83M | 0 | 967K | -3.72M | -371K | 19.92M | -512K | -3.42M | -1.38M | 951K | 235K | 1.82M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K |
| Other Financing | 400.76M | 331.26M | 408.07M | 139.72M | -37.83M | 145.01M | 427.63M | 265.44M | 43.46M | 117.24M | 159M | 128.88M | 86.28M | 98.64M | 55.8M |
| Net Change in Cash | 105.32M | 50.23M | 151.37M | -26.45M | -102.98M | 36.48M | 32.09M | 80.1M | -17.59M | 14.18M | 17.99M | 694.61K | 0 | 0 | 0 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 255.56M | 205.33M | 53.96M | 80.42M | 183.4M | 146.91M | 114.82M | 34.72M | 52.31M | 38.13M | 20.15M | 19.45M | 0 | 0 | 0 |
| Cash at End | 399.31M | 255.56M | 205.33M | 53.96M | 80.42M | 183.4M | 146.91M | 114.82M | 34.72M | 52.31M | 38.13M | 20.15M | 0 | 0 | 0 |
| Interest Paid | 67.79M | 65.53M | 54.74M | 37.13M | 9.48M | 7.21M | 13.85M | 15.61M | 10.76M | 7.45M | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 18.79M | 18.75M | 9.1M | 7.7M | 11.73M | 15.92M | 12M | 5.45M | 2.65M | 7.99M | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 66.09M | 67.35M | 32.77M | 45.26M | 49.84M | 132.05M | 5.19M | -27.52M | 26.57M | 33.39M | 6.87M | 14.71M | 5.87M | 4.61M | 4.99M |
| FCF Growth % | 12.85% | 105.52% | -27.6% | -9.19% | -62.26% | 2444.35% | 118.86% | -203.57% | -20.44% | 386.39% | -53.34% | 150.83% | 27.13% | -7.55% | - |
Regulatory Fee Cap Exposure
According to recent financial statements, CBNK generated $12.0 million in net income during 2026Q1, maintaining a consistent earnings profile that supports its regulatory capital buffers despite the inherent volatility in operating cash flows observed across the trailing ten-quarter period as reported in regulatory filings.
The bank's ability to generate steady net income provides a necessary cushion against the operational complexity of its hybrid business model. Investors should monitor whether the current pace of earnings retention remains sufficient to fund organic growth in the OpenSky platform without necessitating external capital raises.
As reported in quarterly filings, CBNK’s investment activity shows a pattern of active portfolio rotation, with $9.5 million in purchases and $8.3 million in sales during 2026Q1, suggesting a tactical approach to managing duration and liquidity in response to shifting interest rate environments and funding requirements.
The frequent turnover in the investment portfolio indicates that management is utilizing these assets as a secondary liquidity buffer rather than a static yield-enhancement vehicle. This strategy appears to prioritize balance sheet flexibility, which is essential given the cyclical nature of the mortgage and SBA lending segments.
Based on reported figures, CBNK returned $5.6 million to shareholders through dividends and buybacks in 2026Q1, a level that appears sustainable relative to the bank's earnings power but warrants further investigation given the significant quarterly fluctuations in operating cash flow observed over the last two years.
The consistency of dividend payments suggests a management commitment to shareholder returns, even as buyback activity remains opportunistic and sensitive to short-term cash flow availability. Analysts should evaluate whether these returns are prioritized over the capital requirements needed to support the scaling of the OpenSky credit card business.
As indicated in historical data, CBNK’s provision for credit losses reached a peak of $8.0 million in 2024Q4, reflecting the upfront lifetime loss recognition required under CECL accounting as the bank aggressively expanded its subprime-adjacent OpenSky credit card account base during that period of growth.
The variability in provisioning expenses highlights the impact of accounting standards on the bank's reported cash flow metrics. Investors should interpret these charges as a reflection of expected future credit performance rather than immediate cash outflows, though they remain a critical indicator of the underlying portfolio risk.
Quick answers to the most common questions about buying CBNK stock.
Capital Bancorp, Inc. (CBNK) generated $69.7M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Capital Bancorp, Inc. (CBNK) generated $67.3M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Capital Bancorp, Inc. (CBNK) spent $2.4M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Capital Bancorp, Inc. (CBNK) returned $7.3M to shareholders via cash dividends and spent $11.7M on share repurchases. This shows the company's commitment to returning capital to its equity investors.