Commercial Bancgroup (CBK) investor relations material

Executive summary

• Net income for Q2 2026 was $10.2 million ($0.75 per share), up from $8.9 million ($0.73 per share) in Q2 2025; core net income matched reported net income at $10.2 million ($0.75 per share).

• Year-to-date net income reached $19.8 million ($1.44 per share), compared to $17.6 million ($1.44 per share) for the same period in 2025.

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

Financial highlights

• Net interest margin increased to 4.06% in Q2 2026, up 18 basis points sequentially.

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

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

• Noninterest income for Q2 2026 was $2.7 million, up 19.2% year-over-year, driven by higher customer service and ATM fees.

• Noninterest expense for the first half of 2026 was $22.0 million, up from $21.3 million in the prior year period.

Outlook and guidance

• Management highlighted confidence in long-term earnings and growth, as reflected by a 20% increase in the quarterly dividend to $0.12 per share.

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