Exhibit 99.1

CAPE BANCORP, INC. REPORTS

THIRD QUARTER 2013 RESULTS

Cape May Court House, New Jersey, October 24, 2013—Cape Bancorp, Inc. (“Cape Bancorp” or the “Company”) (NASDAQ: “CBNJ”), the parent company of Cape Bank (the “Bank”), announces its operating results for the three and nine months ended September 30, 2013.

For the quarter ended September 30, 2013, Cape Bancorp reported net income of $1.9 million, or $0.16 per common and fully diluted share, and $5.0 million, or $0.41 per common and fully diluted share for the nine months ended September 30, 2013. This compares to net income of $1.5 million, or $0.12 per common and fully diluted share for the third quarter of 2012, and $4.1 million, or $0.33 per common and fully diluted share for the nine months ended September 30, 2012.

Michael D. Devlin, President and Chief Executive Officer of Cape Bancorp and Cape Bank, provided the following statement:

“This quarter continued the positive trend for Cape with improvement in both earnings and loan growth. Loan activity was generated from the Bank’s existing South Jersey markets with growing support from the Philadelphia production office. The loan pipeline suggests further growth in outstanding loans may continue.

“We continued to see improvement in credit quality with the percentage of non-performing loans to total gross loans dropping to 1.26% at September 30, 2013, down from 2.67% at December 31, 2012. All credit metrics improved again this quarter with the adversely classified asset ratio at 21% compared to 30% at December 31, 2012 and 35% at September 30, 2012.

“We were also pleased with the completion on October 3, 2013 of the second stock repurchase program announced on July 19, 2013 which authorized the repurchase of 5%, or approximately 633,877 shares, of the Company’s issued and outstanding common stock. The repurchase of these shares was at an average price of $9.38 per share. We will continue our efforts to prudently manage capital levels.

“As part of our Asset/Liability monitoring process, with the approval of the Board of Directors, the Company, at September 30, 2013, reclassified $10.1 million of municipal bonds with extended maturities from “available for sale” securities to “held to maturity” securities which provides flexibility in managing our balance sheet. Management’s ongoing monitoring of the balance sheet may result in the reclassification of additional securities to “held to maturity”.

“Rising interest rates have underscored the possibility of a steepening of the yield curve in the future and increased extension risk for fixed rate loans. Even the fairly modest increases earlier this year have brought a dramatic reduction in the residential refinance business. In addition, increasing regulations are adding compliance costs particularly as it relates to consumer real estate transactions. In response to these developments, the Bank has decided to exit the residential mortgage loan origination business. As a result, during the fourth quarter, the residential mortgage department will be wound down.”

The following are significant factors which contributed to the operating results of the comparative quarters and year-to-date:

Cape Bancorp’s total assets at September 30, 2013 totaled $1.074 billion, an increase of $33.6 million from the December 31, 2012 level of $1.041 billion. This increase was primarily attributable to loan growth.

Total net loans increased $50.2 million to $764.6 million at September 30, 2013, from $714.4 million at December 31, 2012 for an annualized growth rate of 9.4%. This change resulted primarily from increases in commercial loans of $36.8 million and increases in mortgage loans totaling $16.4 million. Consumer loans declined $3.0 million. The allowance for loan losses totaled 1.29% of gross loans and 102.37% of non-performing loans at September 30, 2013. The Company’s adversely classified asset ratio at September 30, 2013 was 21% compared to 30% at December 31, 2012 and 35% at September 30, 2012.

At September 30, 2013, the Company had $9.8 million in non-performing loans, or 1.26% of total gross loans, a decrease of $9.6 million from $19.4 million, or 2.67% of total gross loans at December 31, 2012. Included in non-performing loans are troubled debt restructurings totaling $1.9 million at September 30, 2013 and $3.5 million at December 31, 2012, respectively.

Other real estate owned increased $139,000 from $7.22 million at December 31, 2012 to $7.36 million at September 30, 2013, and consisted at September 30, 2013 of twelve commercial properties and twenty-five residential properties (including eighteen building lots). During the quarter ended September 30, 2013, the Company added one commercial property and two residential properties to OREO with an aggregate carrying value of $1.2 million. In addition, three commercial OREO properties and six residential OREO properties with aggregate carrying values totaling $1.1 million were sold during the quarter ended September 30, 2013 with recognized net gains of $17,000.

At September 30, 2013, Cape Bancorp’s core deposits totaled $552.0 million, an increase of $9.6 million from the December 31, 2012 level of $542.4 million. Interest-bearing checking accounts increased $14.4 million, non-interest bearing checking accounts increased $8.1 million and savings accounts increased $874,000 while money market deposit accounts declined $13.8 million. Certificates of deposit totaled $266.6 million, an increase of $27.9 million from December 31, 2012 reflecting an increase in brokered deposits of $21.5 million. At September 30, 2013, deposits totaled $828.4 million compared to $784.6 million at December 31, 2012, an increase of $43.8 million.

Cape Bancorp’s total equity decreased $10.3 million to $140.5 million at September 30, 2013 from $150.8 million at December 31, 2012 which primarily resulted from an $11.0 million decrease related to the Company’s stock repurchase programs and an increase of $3.0 million in the accumulated other comprehensive loss, partially offset by a net increase of $3.0 million (earnings less dividends declared) in retained earnings. Tangible equity to tangible assets decreased to 11.19% at September 30, 2013 compared to 12.57% at December 31, 2012. At September 30, 2013, Cape Bank’s regulatory capital ratios for Tier I Leverage Ratio, Tier I Risk-Based Capital and Total Risk-Based Capital were 9.50%, 12.88% and 14.13%, respectively, all of which exceed well capitalized status.

CAPE BANCORP CONSOLIDATED

SELECTED FINANCIAL DATA

(unaudited)

Cape Bancorp, Inc.

Delinquency Summary

DELINQUENCY TABLE

(unaudited)

NOTE: Excluded from the table above are $835,000 of commercial loans classified as Loans Held for Sale all of which are over 90 days delinquent.

For further information contact Michael D. Devlin, President and Chief Executive Officer or Guy Hackney, Chief Financial Officer, Cape Bancorp: (609) 465-5600.

Forward Looking Statements

This press release discusses primarily historical information. However, certain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks, as described in our SEC filings, and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which the Company operated, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity.

The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions, which may be made to any forward looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Further information on factors that could affect Cape Bancorp’s financial results can be found in the filings listed below with the Securities and Exchange Commission.