Commercial Bancgroup (CBK) investor relations material

Executive summary

• Net income for Q2 2026 was $10.2 million ($0.75 per share), up 14.8% year-over-year, with six-month net income at $19.8 million ($1.44 per share), driven by lower interest expense and reduced long-term debt and brokered deposits.

• Net interest income rose 7.3% to $21.5 million for the quarter and 6.6% to $42.0 million for the six months, primarily due to lower interest expense.

• Total assets reached $2.4 billion, loans outstanding $1.9 billion, and deposits $1.9 billion as of June 30, 2026.

Financial highlights

• Net interest margin for Q2 2026 was 4.06%, up 18 basis points sequentially and from 3.84% a year ago.

• Noninterest income increased 19.2% to $2.7 million for the quarter, mainly from higher customer service and ATM fees.

• Noninterest expense was $10.9 million for the quarter, up 1.4%, and $22.0 million for the six months, up 3.1%, with higher professional fees and a loss on debt retirement.

• Book value per share rose to $22.09 at June 30, 2026, and tangible book value per share to $21.28, both up over 3% sequentially and over 15% year-over-year.

• Core efficiency ratio improved to 44.99% for Q2 2026 and 45.2% for the first half of 2026.

Outlook and guidance

• Management continues to focus on organic loan growth in key metropolitan areas and maintaining strong asset quality.

• The company declared a $0.12 per share dividend for Q3 2026, a 20% increase over the prior quarter.

• Strategic focus remains on organic growth, disciplined M&A, and expansion in high-growth Southeastern markets.