Central Bancompany, Inc. Reports Fourth Quarter and Full-Year 2025 Results

Rhea-AI Summary

Central Bancompany (Nasdaq: CBC) reported fourth-quarter and full-year 2025 results. Q4 GAAP net income was $107.6M ($0.47 per diluted share) and full-year GAAP net income was $390.9M ($1.75 per diluted share), up from $305.8M in 2024. End-of-period loans were $11.4B and deposits were $15.9B. Full-year net interest income was $789.7M with NIM of 4.30%. ROAA improved to 2.03% and efficiency (adjusted) improved to 47.9%. CET1 ratio strengthened to 28.1%, with $1.8B excess capital versus a 13.5% target.

Positive

• Full-year GAAP net income of $390.9M (+27.8% vs 2024)
• Return on average assets (ROAA) improved to 2.03%
• Adjusted efficiency ratio improved to 47.9% (down from 51.7%)
• CET1 ratio increased by 443 bps to 28.1%, representing $1.8B excess capital

Negative

• Delinquent loans rose to 32 bps of loans held for investment (from 21 bps prior quarter)
• Allowance for credit losses declined by 2 bps vs prior year as a percent of loans
• Adjusted fee income ratio fell 220 bps to 24.2% year-over-year

News Market Reaction

-0.33%

1 alert

-0.33% News Effect

On the day this news was published, CBC declined 0.33%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 GAAP net income: $107.6 million Q4 2025 EPS (diluted): $0.47 per share Q4 2025 net interest margin: 4.38% +5 more

8 metrics

Q4 2025 GAAP net income $107.6 million Fourth quarter 2025; up from $97.1 million prior quarter

Q4 2025 EPS (diluted) $0.47 per share Fourth quarter 2025; compared to $0.44 prior quarter

Q4 2025 net interest margin 4.38% GAAP NIM; quarterly increase of 2 basis points

2025 GAAP net income $390.9 million Full-year 2025; compared to $305.8 million prior year

2025 adjusted net income $402.6 million Full-year 2025; compared to $333.7 million prior year

Total deposits $15.9 billion End of 2025; up about $0.9B or 5.9% year over year

CET1 ratio 28.1% Consolidated CET1 at December 31, 2025; above 13.5% long-term target

Nonperforming loans $46.0 million (0.40% of loans) At December 31, 2025; down from 0.45% prior quarter

Market Reality Check

Price: $24.10 Vol: Volume 346,648 is 1.41× t...

normal vol

$24.10 Last Close

Volume Volume 346,648 is 1.41× the 20-day average of 245,532, indicating elevated trading interest ahead of/around the print. normal

Technical Shares at $24.58 trade above the 200-day MA of $23.75 and about 3.32% below the 52-week high of $25.43.

Peers on Argus

No peers flagged in the momentum scanner and no same-day peer headlines; the mov...

No peers flagged in the momentum scanner and no same-day peer headlines; the move in CBC appears stock-specific around its earnings release.

Historical Context

1 past event · Latest: Jan 09 (Neutral)

1 events

Date	Event	Sentiment	Move	Catalyst
Jan 09	Earnings call notice	Neutral	+0.0%	Announced timing and access details for Q4 and full-year 2025 results call.

Recent Company History

In the last six months, only one recorded event shows up: the Jan 9 announcement of CBC’s conference call to discuss fourth quarter and full-year 2025 results. That notice, tagged as a conferences event, led to a minimal 0.04% price change, suggesting neutral impact. Today’s detailed earnings release provides the quantitative follow‑through to that prior scheduling announcement.

Market Pulse Summary

This announcement details strong fourth quarter and full-year 2025 performance, including higher net...

Analysis

This announcement details strong fourth quarter and full-year 2025 performance, including higher net income, a fuller net interest margin picture, and deposit growth to $15.9 billion. Capital ratios, such as a 28.1% CET1 level, appear robust, while asset quality metrics remain controlled. Investors may focus on future loan growth, fee income trends, and credit quality metrics like nonperforming loans and delinquencies as key areas to monitor following these results.

Key Terms

net interest margin, basis points, provision for credit losses, allowance for credit losses, +4 more

8 terms

net interest margin financial

"GAAP net interest margin 1 (“NIM”) of 4.38%, quarterly increase of 2 basis points"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

basis points financial

"GAAP net interest margin 1 (“NIM”) of 4.38%, quarterly increase of 2 basis points"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

provision for credit losses financial

"Provision for credit losses The provision for credit losses was $3.0 million"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

allowance for credit losses financial

"The allowance for credit losses at the end of the quarter was $149.7 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

nonperforming loans financial

"Nonperforming loans at December 31, 2025 were $46.0 million, or 40 bps"

Nonperforming loans are loans on which borrowers have stopped making the scheduled interest or principal payments for an extended period (commonly 90 days or more) or are otherwise in serious danger of default. Think of them as IOUs that aren’t being repaid: they tie up a lender’s money, reduce future interest income, and force the lender to hold extra reserves or take losses. For investors, a rising share of nonperforming loans signals weakening credit quality, higher potential losses, and greater risk to a bank’s profitability and capital.

net charge-offs financial

"Net charge-offs were $2.8 million for the quarter, 10 bps (annualized)"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

cet1 ratio financial

"Our CET1 ratio was 28.1% and represented $1.8 billion of excess capital"

CET1 ratio measures a bank's core equity capital (the most loss-absorbing funds like common stock and retained earnings) relative to the size of its risk-adjusted assets. It shows how big the bank's financial cushion is compared with what it has on its books; a higher ratio means greater ability to absorb losses, lower regulatory risk, and generally more investor confidence in the bank's stability.

tangible book value financial

"our tangible book value was $14.24 per share"

Tangible book value is the accounting measure of a company’s net worth after removing intangible items like goodwill, patents and trademarks, leaving only physical and financial assets minus liabilities. For investors it offers a clearer view of the company’s hard-asset backing per share—like estimating the cash you could get by selling the furniture, machinery and cash in a house—helping gauge downside risk and whether a stock may be cheaply valued.

AI-generated analysis. Not financial advice.

Fourth Quarter 2025 Financial Highlights

• GAAP net income of $107.6 million, or $0.47 per fully diluted share, compared to $97.1 million and $0.44 in the prior quarter
• GAAP net interest margin ¹ (“NIM”) of 4.38%, quarterly increase of 2 basis points
• End-of-period total loans held for investment of $11.4 billion, quarterly increase of $0.1 billion, or 1.0% growth from the prior quarter
• Return on average assets (“ROAA”) of 2.17%, compared to 2.02% in the prior quarter
• Efficiency ratio ² of 47.6%, compared to 49.6% in the prior quarter
  
  

Full-Year 2025 Financial Highlights:

• GAAP net income of $390.9 million, or $1.75 per fully diluted share, compared to $305.8 million and $1.39 in the prior year
• Adjusted net income ² of $402.6 million, or $1.81 per fully diluted share, compared to $333.7 million and $1.51 per fully diluted share in the prior year
• End-of-period total deposits of $15.9 billion, an increase of approximately $0.9 billion or 5.9% growth from the prior year
• ROAA of 2.03%; Adjusted ROAA ² of 2.09%, compared to ROAA of 1.63% and Adjusted ROAA ² of 1.78% in the prior year
• Efficiency ratio ² of 49.5%; Adjusted efficiency ratio ² of 47.9%, compared to 54.5% and 51.7% respectively in the prior year
  
  

JEFFERSON CITY, Mo., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Central Bancompany, Inc. (Nasdaq: CBC) (“Central Bancompany”, “the Company”, or “CBC”), the bank holding company for The Central Trust Bank (the “Bank”), today announced preliminary financial results for the fourth quarter and full year 2025.

John “JR” Ross, President and Chief Executive Officer of Central Bancompany, commented "We are pleased to announce record profitability in 2025, as our employees continued to deliver for our customers, our communities and our shareholders. Our retail net promoter score rose to 74 and our wealth net promoter score to 83, reflecting the quality of the service we deliver to our customers. Our employees spent over 28 thousand hours volunteering in the communities we serve. The drivers of our financial performance were broad-based, reflecting efforts across our organizations and in all our markets. I want to thank our teammates for their outstanding efforts in delivering these outcomes.”

“We have a lot to accomplish in 2026, including delivering on the expectations set by our shareholders on the heels of a successful 2025,” Ross continued. “As we look to 2026, we remain focused on prudently growing the business, continuing our technology build out, and thoughtfully deploying our excess capital. We feel ready to meet those challenges and will continue to dedicate ourselves to our customers, communities and shareholders.”

Net Interest Income and Net Interest Margin ¹

The Company reported net interest income of $206.5 million in the fourth quarter of 2025, reflecting a GAAP net interest margin of 4.38% (4.41% on an FTE basis ^{1, 2}). Earning assets averaged $18.7 billion during the quarter. The increase of $7.6 million in net interest income from the third quarter 2025 reflected the investment of $403.1 million of net IPO proceeds and a 2 basis point increase in net interest margin from last quarter.

Average earning assets for the quarter totaled $18.7 billion, an increase of $0.6 billion, or 3.4% from the prior quarter’s average earning assets, driven by $0.5 billion of higher short-term earning assets primarily resulting from the net IPO proceeds. Earning assets ended the quarter at $19.7 billion, $1.0 billion higher than the average during the quarter as we saw seasonally driven deposit growth the end of the year and loan growth across several loan categories.

The increase in FTE net interest margin to 4.41% from 4.39% reflects an FTE loan yield of 6.27% this quarter, relatively flat from the prior quarter despite a full quarter of the September rate cut and two further rate cuts during the quarter. The cost of deposits fell 5 basis points to 1.14% for the fourth quarter 2025.

For the full year of 2025, net interest income was $789.7 million, an increase of $102.3 million from the prior year. Earning assets averaged $18.4 billion in 2025, an increase of $0.5 billion from 2024, driven by higher investment securities. Average deposits grew $0.2 billion, or 1.2%, while average loans declined slightly by $0.1 billion, or 1.1%. Full year net interest margin was 4.30% for 2025, up 46 basis points from the 3.84% net interest margin in 2024.

Total loans held for investment were $11.4 billion at December 31, 2025, an increase of $0.1 billion or 1.0% from September 30, 2025. Loan growth in the quarter was driven by increases in construction and development, commercial, financial & agricultural, residential mortgage and home equity lines of credit partially offset by declines in commercial real estate and other consumer loans.

Total deposits were $15.9 billion at December 31, 2025, an increase of approximately $1.1 billion or 7.3% from September 30, 2025. The increase from the prior quarter was largely due to seasonality, as our public funds customers typically see significant inflows at the end of the year. Average non-public fund deposits increased by 1.7%. On a year-over-year basis, total deposits were up approximately $0.9 billion, or 5.9%. Noninterest-bearing demand deposits increased by $0.4 billion and savings and interest-bearing demand deposits grew by $0.6 billion, $0.3 billion of which are increases in public funds. Time deposits decreased slightly. Seven of our eleven primary markets grew deposits in 2025.
^{__________________________________________
1} All references to net interest income and net interest margin are presented on a fully-tax equivalent basis unless otherwise noted.
² This is a non-GAAP financial measure management believes is helpful to understanding trends in our business that may not be fully apparent based only on the most comparable GAAP financial measure. Further information on this financial measure and a reconciliation to the most comparable GAAP financial measure is provided at the end of this release.

Provision for credit losses

The provision for credit losses was $3.0 million for the fourth quarter 2025, relatively flat to the prior quarter. The allowance for credit losses at the end of the quarter was $149.7 million, which was 1.31% of loans held for investment. The allowance for credit losses was $149.5 million (1.32% of loans held for investment) at the end of the prior quarter.

For the full year 2025, the provision for credit losses was $9.3 million, down $5.3 million from the prior year. The provision for 2025 included a $5.0 million release of allowance associated with the decision in Q2 of 2025 to sell the consumer leasing portfolio.

Noninterest income

Noninterest income was $65.8 million for the fourth quarter of 2025, higher by $8.7 million from the prior quarter. The prior quarter included $6.9 million of losses from the sales of investment securities, as we accelerated the reinvestment of nearer-term maturities in the securities portfolio to reduce our asset sensitivity to rates in the 2 to 5-year section of the yield curve. Excluding these losses in the prior quarter, current quarter noninterest income was $1.8 million higher than the prior quarter’s adjusted noninterest income². The increase was driven by our Wealth Management segment where both brokerage services and fees for fiduciary services increased by $0.4 million and $1.2 million, respectively. Fees for fiduciary services benefited from strong investment inflows and investment performance. Assets under advice grew approximately 3.5% from the prior quarter to $16.0 billion as of December 31, 2025. The fee income ratio for the quarter was 24.2%, relatively flat to the adjusted fee income ratio ² in the prior quarter, despite the higher levels of net interest income, reflecting that fee income continued to keep pace with growth in net interest income.

For the year, noninterest income was $231.7 million, up $21.3 million from the prior year. Net losses from the sales of investment securities in both years and the loss from the expected sale of the consumer leasing portfolio in Q2 of 2025 affected comparability between both periods. Adjusting for both items, adjusted noninterest income ² was $252.1 million in 2025, an increase of $5.1 million from the prior year. The higher level of noninterest income in 2025 reflects an increase in fees for fiduciary services of $6.1 million and an increase of $3.0 million in brokerage services, offset partially by a decline in mortgage banking revenues of $2.5 million and a gain on the sale of equipment totaling $3.6 million, included in the prior year’s other noninterest income which did not recur. The adjusted fee income ratio² for 2025 was 24.2%, down from the adjusted fee income ratio² for 2024 of 26.4%.

Noninterest expense

Noninterest expense for the fourth quarter 2025 was $129.5 million, a $2.6 million increase from the third quarter 2025. Salaries and benefits expense increased $1.5 million from the prior quarter due to higher incentives as a result of year-end performance and other expenses were higher by $1.9 million, spread across a number of categories. Our efficiency ratio (FTE) ² of 47.0% improved from the 47.7% efficiency ratio (FTE) of the prior quarter.

For the full year 2025, noninterest expense was $505.5 million, an increase of $16.1 million, or 3.3%. Higher salaries and benefits of $17.0 million drove this change. A decrease in legal and professional fees of $3.9 million partially offset this increase, due to anticipated progression in our core modernization project. Our efficiency ratio (FTE)² of 47.9% for 2025 improved from the 51.7% efficiency ratio (FTE) of the prior year.

Provision for income taxes

The fourth quarter 2025 provision for income taxes was $32.1 million, $3.6 million higher than the prior quarter. The effective tax rate for the fourth quarter 2025 was 23.0% compared to 22.7% in the prior quarter. The current quarter reflected a 40 bps impact of certain costs that are no longer deductible as a result of being a public company.

For the full year 2025, the provision for income taxes was $115.7 million, up $27.8 million from the prior year, driven by higher levels of pre-tax income. The effective tax rate for the current year was 22.8%, which was up from 22.3% in the prior year due primarily to a reduction year over year in the amount of state tax credits received from tax credit partnerships.

Asset quality

Asset quality remained strong. Nonperforming loans at December 31, 2025 were $46.0 million, or 40 bps of loans held for investment, down from 45 bps at the end of the prior quarter. Net charge-offs were $2.8 million for the quarter, 10 bps (annualized) of average total loans. Our allowance for credit losses of $149.7 million represented 131 bps of loans held for investment.

Compared to the prior year end, nonperforming loans at December 31, 2025 were up $6.5 million and the allowance was down 2 basis points as a percent of loans held for investment from the prior year.

Delinquent loans at December 31, 2025 were $36.4 million, or 32 bps of loans held for investment, as compared to 21 bps at the end of the prior quarter and 55 bps at the end of the prior year. Delinquency levels at December 31, 2025 remain aligned with historical, pre-COVID seasonal patterns. Delinquency increased on a linked quarter basis at the end of the fourth quarter, driven by increases in consumer installment and consumer credit card delinquency.

Capital

Capital levels at December 31, 2025 remained very strong. Our CET1 ratio was 28.1% and represented $1.8 billion of excess capital when compared to our long-term CET1 target of 13.5%. The Bank’s CET1 ratio was 12.9% at December 31, 2025. The difference in the consolidated capital ratio and the capital ratio at the Bank represents earnings that have already been upstreamed to the holding company.

Compared to the prior year end, our CET1 increased 443 bps, the result of the net IPO proceeds and earnings retention.

Our book value per share at December 31, 2025 was $15.69 per share, whereas our tangible book value was $14.24 per share.

Conference Call and Webcast Information

The Company will host a conference call and webcast at 9:00 a.m. CT on Tuesday, January 27, 2026. The call may include discussion of Company developments, forward-looking statements and other material information about business and financial matters. This press release and a related slide presentation will be accessible on the Company’s investor relations website https://investor.centralbank.net. The call can be accessed via this same website or by using the following link: https://edge.media-server.com/mmc/p/wujracdi. A recorded replay of the conference call will be available on the website after the call’s completion.

About Central Bancompany, Inc.

Central Bancompany, Inc. is headquartered in Jefferson City, Missouri. Its banking subsidiary, The Central Trust Bank, has been serving businesses and customers since 1902. The bank is built on a strong foundation of people, community service, and technology. As of December 31, 2025, The Central Trust Bank is a $20.8 billion Missouri state-chartered trust company with banking powers and a Federal Reserve state member bank, serving consumers and businesses in Missouri, Kansas, Oklahoma, Colorado, and Florida. Divisions of The Central Trust Bank include Central Trust Company and Central Investment Advisors.

Non-GAAP Financial Information

In this release, we provide information about certain non-GAAP financial measures. This information supplements the results that are reported according to generally accepted accounting principles in the United States (“GAAP”) and should not be viewed in isolation from, or as a substitute for, GAAP results. The differences between the non-GAAP financial measures and the nearest comparable GAAP financial measures are reconciled later in this release. We are presenting these non-GAAP financial measures because we believe, when taken collectively, they may be helpful to investors because they provide consistency and comparability with past financial performance by excluding certain items that may not be indicative of our business, results of operations or outlook. The non-GAAP measures as defined by the Company may not be comparable to similar non-GAAP measures presented by other companies.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of, and intended to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on forward-looking statements because they are subject to numerous uncertainties and factors relating to our operations and business, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other variations or comparable terminology and expressions. All statements other than statements of historical facts contained in this press release are forward-looking statements. We have based the forward-looking statements contained herein on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, results of operations and prospects. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors described in the section titled “Risk Factors” in our S-1/A Registration Statement. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements. The forward-looking statements relate only to events as of the date on which the statements are made. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions which are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Therefore, actual results and outcomes may materially differ from what is expected, implied or forecasted in such forward-looking statements. These forward-looking statements are inherently uncertain and you are cautioned not to unduly rely upon these statements. We undertake no obligation to update any forward-looking statements made in this prospectus to reflect events or circumstances after the date of this prospectus or to reflect new information or the occurrence of unanticipated events, except as required by law.

Media Contact:

Dan Westhues
EVP, Chief Customer Officer
Central Bancompany, Inc.
dan.westhues@centralbank.net
(573) 634-1281

Investor Relations Contact:
Charlie Martin
Corporate Development Officer
Central Bancompany, Inc.
charlie.martin@centralbank.net
(314) 686-7007

Current quarter, prior quarter and prior year quarter information is provided on pages 5-8 below.

Central Bancompany, Inc. and Subsidiaries
Quarterly Consolidated Balance Sheets(unaudited)
	Q4			Q3			Q4				Q vs PQ						Q vs PYQ
	FY25			FY25			FY24				$VAR			%VAR			$VAR			%VAR
	(dollars in thousands, except per common share data)
Assets
Cash and due from banks	$	258,588		$	217,621		$	265,209			$	40,967		18.8 %			$	(6,621	)	(2.5) %
Short-term earning assets		1,806,594			812,449			977,298				994,145		122.4 %				829,296		84.9 %
Investment securities		6,422,352			6,017,738			5,656,384				404,614		6.7 %				765,968		13.5 %
Loans held for investment:
Construction and development		570,749			534,852			552,676				35,897		6.7 %				18,073		3.3 %
Commercial, financial & agricultural		1,761,287			1,736,276			1,874,906				25,011		1.4 %				(113,619	)	(6.1) %
Non-owner-occupied commercial real estate1		3,150,269			3,156,493			3,197,765				(6,224	)	(0.2) %				(47,496	)	(1.5) %
Owner-occupied commercial real estate		1,580,260			1,583,150			1,572,955				(2,890	)	(0.2) %				7,305		0.5 %
Commercial real estate		4,730,529			4,739,643			4,770,720				(9,114	)	(0.2) %				(40,191	)	(0.8) %
Total commercial loans		7,062,565			7,010,771			7,198,302				51,794		0.7 %				(135,737	)	(1.9) %
Residential mortgage loans2		3,321,101			3,250,731			3,105,760				70,370		2.2 %				215,341		6.9 %
Home equity lines of credit		410,845			390,777			349,011				20,068		5.1 %				61,834		17.7 %
Consumer credit card		98,310			92,881			93,825				5,429		5.8 %				4,485		4.8 %
Other consumer loans		551,395			588,192			903,452				(36,797	)	(6.3) %				(352,057	)	(39.0) %
Total residential and consumer loans		4,381,651			4,322,581			4,452,048				59,070		1.4 %				(70,397	)	(1.6) %
Total unpaid principal balance		11,444,216			11,333,352			11,650,350				110,864		1.0 %				(206,134	)	(1.8) %
Add: Unearned income		(9,611	)		(10,034	)		(26,259	)			423		(4.2) %				16,648		(63.4) %
Loans held for investment		11,434,605			11,323,318			11,624,091				111,287		1.0 %				(189,486	)	(1.6) %
Less: Allowance for credit losses		(149,674	)		(149,459	)		(154,279	)			(215	)	0.1 %				4,605		(3.0) %
Net loans		11,284,931			11,173,859			11,469,812				111,072		1.0 %				(184,881	)	(1.6) %
Loans held for sale		54,119			21,830			34,264				32,289		147.9 %				19,855		57.9 %
Land, buildings, and equipment, net		215,931			214,550			215,316				1,381		0.6 %				615		0.3 %
Goodwill and intangibles		351,664			352,470			354,890				(806	)	(0.2) %				(3,226	)	(0.9) %
Other assets		357,799			373,088			269,370				(15,289	)	(4.1) %				88,429		32.8 %
Total assets	$	20,751,978		$	19,183,605		$	19,242,543			$	1,568,373		8.2 %			$	1,509,435		7.8 %
Liabilities and Stockholders' Equity
Deposits:
Noninterest-bearing demand	$	5,615,652		$	5,317,961		$	5,245,705			$	297,691		5.6 %			$	369,947		7.1 %
Savings and interest-bearing demand		8,611,895			7,767,084			8,043,244				844,811		10.9 %				568,651		7.1 %
Time		1,635,078			1,704,182			1,696,899				(69,104	)	(4.1) %				(61,821	)	(3.6) %
Total deposits		15,862,625			14,789,227			14,985,848				1,073,398		7.3 %				876,777		5.9 %
Federal funds purchased and customer repurchase agreements		1,011,851			958,766			1,007,295				53,085		5.5 %				4,556		0.5 %
Total customer funds		16,874,476			15,747,993			15,993,143				1,126,483		7.2 %				881,333		5.5 %
Other liabilities		93,525			151,198			138,739				(57,673	)	(38.1) %				(45,214	)	(32.6) %
Total liabilities		16,968,001			15,899,191			16,131,882				1,068,810		6.7 %				836,119		5.2 %
Stockholders' equity:
Common equity		3,900,011			3,422,555			3,349,966				477,456		14.0 %				550,045		16.4 %
Accumulated other comprehensive (loss)		(16,872	)		(38,983	)		(139,925	)			22,111		(56.7) %				123,053		(87.9) %
Less: Treasury stock		(99,162	)		(99,158	)		(99,380	)			(4	)	- %				218		(0.2) %
Total stockholders' equity		3,783,977			3,284,414			3,110,661				499,563		15.2 %				673,316		21.6 %
Total liabilities and stockholders' equity	$	20,751,978		$	19,183,605		$	19,242,543			$	1,568,373		8.2 %			$	1,509,435		7.8 %
1Non-owner occupied commercial real estate loans updated presentation to include multi-family loans
2Residential mortgage loans updated presentation to include residential construction and development

Central Bancompany, Inc. and Subsidiaries
Quarterly Consolidated Statements of Income(unaudited)
	Q4		Q3			Q4				Q vs PQ						Q vs PYQ
	FY25		FY25			FY24				$VAR			%VAR			$VAR			%VAR
	(dollars in thousands, except per common share data)
Interest income:
Loans	$	178,961	$	179,351		$	179,835			$	(390	)	(0.2)	%		$	(874	)	(0.5)	%
Investment securities		64,582		62,343			45,132				2,239		3.6	%			19,450		43.1	%
Short-term earning assets		11,741		7,081			7,730				4,660		65.8	%			4,011		51.9	%
Total interest income		255,284		248,775			232,697				6,509		2.6	%			22,587		9.7	%
Interest expense:
Deposits		43,133		44,066			43,813				(933	)	(2.1)	%			(680	)	(1.6)	%
Federal funds purchased and customer repurchase agreements		5,688		5,837			6,474				(149	)	(2.6)	%			(786	)	(12.1)	%
Total interest expense		48,821		49,903			50,287				(1,082	)	(2.2)	%			(1,466	)	(2.9)	%
Net interest income		206,463		198,872			182,410				7,591		3.8	%			24,053		13.2	%
Provision for credit losses		3,016		3,382			2,618				(366	)	(10.8)	%			398		15.2	%
Noninterest income:
Service charges and commissions		14,553		14,955			14,296				(402	)	(2.7)	%			257		1.8	%
Payment services revenue		17,063		17,111			17,063				(48	)	(0.3)	%			-		—	%
Brokerage services		7,701		7,266			6,629				435		6.0	%			1,072		16.2	%
Fees for fiduciary services		14,214		12,973			12,300				1,241		9.6	%			1,914		15.6	%
Mortgage banking revenues, net		9,408		10,297			10,366				(889	)	(8.6)	%			(958	)	(9.2)	%
Investment securities (losses), net		-		(6,920	)		(39,257	)			6,920		(100.0)	%			39,257		(100.0)	%
Other income		2,832		1,388			2,648				1,444		104.0	%			184		6.9	%
Total noninterest income		65,771		57,070			24,045				8,701		15.2	%			41,726		173.5	%
Less: Investment securities (losses), net		-		(6,920	)		(39,257	)			6,920		(100.0)	%			39,257		(100.0)	%
Total adjusted noninterest income1		65,771		63,990			63,302				1,781		2.8	%			2,469		3.9	%
Noninterest expenses:
Salaries and employee benefits		76,799		75,298			70,938				1,501		2.0	%			5,861		8.3	%
Net occupancy and equipment		12,731		12,748			11,999				(17	)	(0.1)	%			732		6.1	%
Computer software and maintenance		5,241		6,032			4,800				(791	)	(13.1)	%			441		9.2	%
Marketing and business development		5,476		4,818			5,372				658		13.7	%			104		1.9	%
Legal and professional fees		5,923		6,125			8,505				(202	)	(3.3)	%			(2,582	)	(30.4)	%
Bankcard processing, rewards and related cost		7,595		8,040			6,254				(445	)	(5.5)	%			1,341		21.4	%
Other expenses		15,749		13,884			17,005				1,865		13.4	%			(1,256	)	(7.4)	%
Total noninterest expenses		129,514		126,945			124,873				2,569		2.0	%			4,641		3.7	%
Income before income taxes		139,704		125,615			78,964				14,089		11.2	%			60,740		76.9	%
Income taxes		32,113		28,516			17,079				3,597		12.6	%			15,034		88.0	%
Net income	$	107,591	$	97,099		$	61,885			$	10,492		10.8	%		$	45,706		73.9	%
Less: Investment securities (losses), net of taxes		-		(5,270	)		(29,898	)			5,270		(100.0)	%			29,898		(100.0)	%
Adjusted net income1	$	107,591	$	102,369		$	91,783			$	5,222		5.1	%		$	15,808		17.2	%
End of period shares		241,106		220,665			220,385				20,441		9.3	%			20,721		9.4	%
Weighted average fully diluted shares		229,267		220,059			220,234				9,208		4.2	%			9,033		4.1	%
Net income per common share - diluted	$	0.47	$	0.44		$	0.28			$	0.03		6.3	%		$	0.19		67.0	%
Adjusted net income1per common share - diluted	$	0.47	$	0.47		$	0.42			$	-		0.8	%		$	0.05		12.6	%
Dividends / share	$	0.155	$	0.055		$	0.125			$	0.100		181.8	%		$	0.030		24.0	%
1This is a non-GAAP financial measure management believes is helpful to understanding trends in our business that may not be fully apparent based only on the most comparable GAAP financial measure. Further information on this financial measure and a reconciliation to the most comparable GAAP financial measure is provided at the end of this release.

Central Bancompany, Inc. and Subsidiaries
Quarterly Summary of Financial Results(unaudited)
	Q4				Q3				Q4				Q vs PQ						Q vs PYQ
	FY25				FY25				FY24				$VAR			%VAR			$VAR				%VAR
	(dollars in thousands, except per common share data and other information)
Financial Ratios (GAAP)
Net interest margin		4.38	%			4.36	%			4.05	%		0.02		%	0.42	%			0.33	%		8.05	%
Return on average total assets		2.17	%			2.02	%			1.31	%		0.15		%	7.53	%			0.86	%		65.58	%
Return on average common equity		12.1	%			11.9	%			8.0	%		0.2		%	1.8	%			4.1	%		52.0	%
Fee income ratio		24.2	%			22.3	%			11.6	%		1.9		%	8.3	%			12.5	%		107.4	%
Efficiency ratio		47.6	%			49.6	%			60.5	%		(2.0)		%	(4.1)	%		(12.9)		%		(21.3)	%
Effective tax rate		23.0	%			22.7	%			21.6	%		0.3		%	1.3	%			1.4	%		6.3	%
Financial Ratios (Non-GAAP1)
Net interest margin (FTE)2, 3		4.41	%			4.39	%			4.08	%		0.02		%	0.50	%			0.33	%		8.11	%
Adjusted return on average total assets2		2.17	%			2.13	%			1.94	%		0.04		%	1.99	%			0.23	%		11.64	%
Adjusted return on average common equity2		12.1	%			11.9	%			8.0	%		0.2		%	1.8	%			4.1	%		52.0	%
Return on average tangible common equity2		13.5	%			13.4	%			9.1	%		0.1		%	0.8	%			4.4	%		48.8	%
Adjusted return on average tangible common equity		13.5	%			14.2	%			13.4	%		(0.6)		%	(4.4)	%			0.1	%		0.7	%
Adjusted fee income ratio		24.2	%			24.3	%			25.8	%		(0.2)		%	(0.8)	%			(1.6)	%		(6.2)	%
Efficiency ratio (FTE)2,3		47.0	%			47.7	%			50.2	%		(0.7)		%	(1.5)	%		(3.2)		%		(6.4)	%
Net Interest Margin & Yields
Interest-earning cash yield3		4.11	%			4.64	%			4.97	%		(0.53)		%	(11.5)	%		(0.87)		%		(17.4)	%
Investment securities yield3		4.19	%			4.09	%			3.20	%		0.10		%	2.4	%			0.99	%		30.8	%
Loan yield3		6.27	%			6.28	%			6.19	%		(0.01)		%	(0.2)	%			0.09	%		1.4	%
Cost of deposits		1.14	%			1.19	%			1.20	%		(0.05)		%	(3.9)	%		(0.06)		%		(5.0)	%
Cost of funds		1.21	%			1.26	%			1.29	%		(0.05)		%	(4.1)	%		(0.08)		%		(6.1)	%
Loan to deposit ratio		72.4	%			76.7	%			77.8	%		(4.3)		%	(5.6)	%		(5.4)		%		(6.9)	%
Interest-free funds ratio		43.1	%			42.2	%			42.3	%		0.9		%	2.2	%			0.8	%		1.9	%
Interest-earning asset yield3		5.45	%			5.49	%			5.20	%		(0.04)		%	(0.7)	%			0.25	%		4.8	%
Cost of total interest-bearing liabilities		1.82	%			1.89	%			1.94	%		(0.07)		%	(3.8)	%		(0.12)		%		(6.0)	%
Net interest spread		3.63	%			3.59	%			3.26	%		0.04		%	1.0	%			0.37	%		11.2	%
Benefit of interest-free funds		0.79	%			0.80	%			0.82	%		(0.01)		%	(1.8)	%		(0.04)		%		(4.3)	%
Net interest margin (FTE)		4.41	%			4.39	%			4.08	%		0.02		%	0.5	%			0.33	%		8.1	%
Other Information
Number of full service offices		155				155				153			—			—	%			2			1.3	%
Full-time equivalent employees		2,905				2,911				2,938			(7		)	(0.2)	%			(34	)		(1.2)	%
Consolidated Capital Ratios
Tier 1 capital ratio		28.1	%			24.6	%			23.6	%		3.5		%	14.0	%			4.4	%		18.8	%
Total risk-based capital ratio		29.3	%			25.8	%			24.9	%			3.4	%	13.3	%			4.4	%		17.6	%
Tier 1 leverage ratio		17.9	%			15.9	%			15.7	%			2.0	%	12.6	%			2.2	%		14.2	%
Common equity tier 1 ratio		28.1	%			24.6	%			23.6	%			3.5	%	14.0	%			4.4	%		18.8	%
Total stockholders' equity to total assets		18.2	%			17.1	%			16.2	%			1.1	%	6.5	%			2.1	%		12.8	%
Tangible common equity to tangible assets (non-GAAP)1		16.8	%			15.6	%			14.6	%			1.3	%	8.1	%			2.2	%		15.3	%
Risk-weighted assets	$	12,414			$	12,212			$	12,397			$	203		1.7	%		$	17			0.1	%
Book value per share	$	15.69			$	14.88			$	14.11			$	0.81		5.4	%		$	1.58			11.2	%
Tangible book value per share (non-GAAP)	$	14.24			$	13.29			$	12.50			$	0.95		7.1	%		$	1.73			13.8	%
Bank-Level Ratios
Tier 1 capital ratio		12.9	%			13.6	%			12.6	%			(0.7)	%	(5.2)	%			0.3	%		2.5	%
Total risk-based capital ratio		14.1	%			14.8	%			13.8	%			(0.7)	%	(4.8)	%			0.3	%		2.0	%
Tier 1 leverage ratio		8.2	%			8.8	%			8.3	%			(0.6)	%	(6.4)	%			(0.1)	%		(1.4)	%
Common equity Tier 1 ratio		12.9	%			13.6	%			12.6	%			(0.7)	%	(5.2)	%			0.3	%		2.5	%
1This is a non-GAAP financial measure management believes is helpful to understanding trends in our business that may not be fully apparent based only on the most comparable GAAP financial measure. Further information on this financial measure and a reconciliation to the most comparable GAAP financial measure is provided at the end of this release.
2Annualized for all partial-year periods.
3Fully-tax equivalent basis.
Asset Quality
Allowance for credit losses / loans held for investment		1.31	%			1.32	%			1.33	%		(0.01)		%	(0.8)	%		(0.02)		%		(1.4)	%
Allowance for credit losses	$	149,674			$	149,459			$	154,279			$	215		0.1	%		$	(4,605	)		(3.0)	%
Allowance for unfunded loan commitments	$	349			$	384			$	484			$	(35	)	(9.2)	%		$	(135	)		(27.9)	%
Allowance for investment securities	$	10			$	16			$	21			$	(6	)	(37.7)	%		$	(11	)		(51.2)	%
Nonperforming loans / loans held for investment		0.40	%			0.45	%			0.34	%		(0.05)		%	(10.3)	%			0.06	%		18.4	%
Nonperforming loans	$	45,977			$	50,774			$	39,473			$	(4,797	)	(9.4)	%		$	6,504			16.5	%
Nonperforming commercial loans	$	17,245			$	18,265			$	14,490			$	(1,020	)	(5.6)	%		$	2,755			19.0	%
Nonperforming consumer loans	$	28,732			$	32,509			$	24,983			$	(3,777	)	(11.6)	%		$	3,749			15.0	%
Nonperforming assets / total assets		0.25	%			0.30	%			0.23	%		(0.05)		%	(16.4)	%			0.02	%		7.6	%
Nonperforming assets	$	51,931			$	57,416			$	44,748			$	(5,485	)	(9.6)	%		$	7,183			16.1	%
Net charge-offs / average loans		0.10	%			0.12	%			0.12	%		(0.02)		%	(17.6)	%		(0.02)		%		(16.9)	%
Net charge-offs	$	2,841			$	3,450			$	3,483			$	(608	)	(17.6)	%		$	(641	)		(18.4)	%
Commercial net charge-offs	$	386			$	1,275			$	1,077			$	(889	)	(69.7)	%		$	(691	)		(64.2)	%
Consumer net charge-offs	$	2,455			$	2,175			$	2,405			$	280		12.9	%		$	50			2.1	%

Central Bancompany, Inc. and Subsidiaries
Quarterly Average Consolidated Balance Sheets(unaudited)
	Q4			Q3			Q4				Q vs PQ						Q vs PYQ
	FY25			FY25			FY24				$VAR			%VAR			$VAR			%VAR
	(dollars in thousands)
Average Assets
Cash and due from banks	$	187,628		$	183,429		$	188,541			$	4,199		2.3	%		$	(913	)	(0.5)	%
Short-term earning assets		1,180,781			630,929			643,919				549,852		87.1	%			536,862		83.4	%
Investment securities		6,154,552			6,087,403			5,650,572				67,149		1.1	%			503,980		8.9	%
Loans held for investment		11,335,992			11,345,544			11,576,521				(9,552	)	(0.1)	%			(240,529	)	(2.1)	%
Less allowance for credit losses		(149,126	)		(149,072	)		(154,643	)			(54	)	—	%			5,517		(3.6)	%
Net loans		11,186,866			11,196,472			11,421,878				(9,606	)	(0.1)	%			(235,012	)	(2.1)	%
Loans held for sale		33,068			28,884			33,433				4,184		14.5	%			(365	)	(1.1)	%
Land, buildings, and equipment, net		216,211			215,218			215,703				993		0.5	%			508		0.2	%
Goodwill and intangibles		352,186			352,996			355,421				(810	)	(0.2)	%			(3,235	)	(0.9)	%
Other assets		354,945			389,106			271,873				(34,161	)	(8.8)	%			83,072		30.6	%
Total assets	$	19,666,237		$	19,084,437		$	18,781,340			$	581,800		3.0	%		$	884,897		4.7	%
Average Liabilities
Noninterest-bearing demand	$	5,375,187		$	5,237,939		$	5,198,795			$	137,248		2.6	%		$	176,392		3.4	%
Savings and interest-bearing demand		7,962,083			7,788,117			7,610,231				173,966		2.2	%			351,852		4.6	%
Time		1,671,731			1,709,401			1,710,605				(37,670	)	(2.2)	%			(38,874	)	(2.3)	%
Total deposits		15,009,001			14,735,457			14,519,631				273,544		1.9	%			489,370		3.4	%
Federal funds purchased and customer		1,004,520			957,951			1,004,321				46,569		4.9	%			199		—	%
Total customer funds		16,013,521			15,693,408			15,523,952				320,113		2.0	%			489,569		3.2	%
Other liabilities		129,327			152,491			168,638				(23,164	)	(15.2)	%			(39,311	)	(23.3)	%
Total liabilities		16,142,848			15,845,899			15,692,590				296,949		1.9	%			450,258		2.9	%
Average Stockholders' Equity
Common equity		3,650,132			3,393,916			3,353,654				256,216		7.5	%			296,478		8.8	%
Accumulated other comprehensive loss		(27,585	)		(56,220	)		(175,573	)			28,635		(50.9)	%			147,988		(84.3)	%
Treasury stock		(99,158	)		(99,158	)		(92,309	)			—		—	%			(6,849	)	7.4	%
Total stockholders' equity		3,523,389			3,238,538			3,088,750				284,851		8.8	%			434,639		14.1	%
Total liabilities and stockholders' equity	$	19,666,237		$	19,084,437		$	18,781,340			$	581,800		3.0	%		$	884,897		4.7	%
Average interest-earning assets	$	18,704,393		$	18,092,760		$	17,904,445			$	611,633		3.4	%		$	799,948		4.5	%
Average interest-bearing liabilities		10,638,334			10,455,469			10,325,157				182,865		1.7	%			313,177		3.0	%
Average interest-free funds		8,066,059			7,637,291			7,579,288				428,768		5.6	%			486,771		6.4	%

Current and prior year information is provided on pages 9-12 below.

Central Bancompany, Inc. and Subsidiaries
Fiscal Year Consolidated Balance Sheets(unaudited)
	YTD			YTD				YTD YoY
	FY25			FY24				$VAR			%VAR
	(dollars in thousands, except per common share data)
Assets
Cash and due from banks	$	258,588		$	265,209			$	(6,621	)	(2.5)	%
Short-term earning assets		1,806,594			977,298				829,296		84.9	%
Investment securities		6,422,352			5,656,384				765,968		13.5	%
Loans held for investment:
Construction and development		570,749			552,676				18,073		3.3	%
Commercial, financial & agricultural		1,761,287			1,874,906				(113,619	)	(6.1)	%
Non-owner-occupied commercial real estate1		3,150,269			3,197,765				(47,496	)	(1.5)	%
Owner-occupied commercial real estate		1,580,260			1,572,955				7,305		0.5	%
Commercial real estate		4,730,529			4,770,720				(40,191	)	(0.8)	%
Total commercial loans		7,062,565			7,198,302				(135,737	)	(1.9)	%
Residential mortgage loans2		3,321,101			3,105,760				215,341		6.9	%
Home equity lines of credit		410,845			349,011				61,834		17.7	%
Consumer credit card		98,310			93,825				4,485		4.8	%
Other consumer loans		551,395			903,452				(352,057	)	(39.0)	%
Total residential and consumer loans		4,381,651			4,452,048				(70,397	)	(1.6)	%
Total unpaid principal balance		11,444,216			11,650,350				(206,134	)	(1.8)	%
Add: Unearned income		(9,611	)		(26,259	)			16,648		(63.4)	%
Loans held for investment		11,434,605			11,624,091				(189,486	)	(1.6)	%
Less: Allowance for credit losses		(149,674	)		(154,279	)			4,605		(3.0)	%
Net loans		11,284,931			11,469,812				(184,881	)	(1.6)	%
Loans held for sale		54,119			34,264				19,855		57.9	%
Land, buildings, and equipment, net		215,931			215,316				615		0.3	%
Goodwill and intangibles		351,664			354,890				(3,226	)	(0.9)	%
Other assets		357,799			269,370				88,429		32.8	%
Total assets	$	20,751,978		$	19,242,543			$	1,509,435		7.8	%
Liabilities and Stockholders' Equity
Deposits:
Noninterest-bearing demand	$	5,615,652		$	5,245,705			$	369,947		7.1	%
Savings and interest-bearing demand		8,611,895			8,043,244				568,651		7.1	%
Time		1,635,078			1,696,899				(61,821	)	(3.6)	%
Total deposits		15,862,625			14,985,848				876,777		5.9	%
Federal funds purchased and customer repurchase agreements		1,011,851			1,007,295				4,556		0.5	%
Total customer funds		16,874,476			15,993,143				881,333		5.5	%
Other liabilities		93,525			138,739				(45,214	)	(32.6)	%
Total liabilities		16,968,001			16,131,882				836,119		5.2	%
Stockholders' equity:
Common equity		3,900,011			3,349,966				550,045		16.4	%
Accumulated other comprehensive (loss)		(16,872	)		(139,925	)			123,053		(87.9)	%
Less: Treasury stock		(99,162	)		(99,380	)			218		(0.2)	%
Total stockholders' equity		3,783,977			3,110,661				673,316		21.6	%
Total liabilities and stockholders' equity	$	20,751,978		$	19,242,543			$	1,509,435		7.8	%
1Non-owner occupied commercial real estate loans updated presentation to include multi-family loans
2Residential mortgage loans updated presentation to include residential construction and development

Central Bancompany, Inc. and Subsidiaries
Fiscal Year Consolidated Statements of Income(unaudited)
	YTD			YTD				YTD YoY
	FY25			FY24				$VAR			%VAR
	(dollars in thousands, except per common share data)
Interest income:
Loans	$	712,377		$	708,386			$	3,991		0.6	%
Investment securities		237,258			151,489				85,769		56.6	%
Short-term earning assets		40,313			45,102				(4,789	)	(10.6)	%
Total interest income		989,948			904,977				84,971		9.4	%
Interest expense:
Deposits		175,200			190,432				(15,232	)	(8.0)	%
Federal funds purchased and customer repurchase agreements		25,083			27,221				(2,138	)	(7.9)	%
Total interest expense		200,283			217,653				(17,370	)	(8.0)	%
Net interest income		789,665			687,324				102,341		14.9	%
Provision for credit losses		9,311			14,587				(5,276	)	(36.2)	%
Noninterest income:
Service charges and commissions		57,631			56,137				1,494		2.7	%
Payment services revenue		67,570			67,531				39		0.1	%
Brokerage services		28,696			25,739				2,957		11.5	%
Fees for fiduciary services		51,954			45,897				6,057		13.2	%
Mortgage banking revenues, net		39,571			42,080				(2,509	)	(6.0)	%
Investment securities (losses), net		(6,811	)		(36,661	)			29,850		(81.4)	%
Other (loss) income		(6,917	)		9,667				(16,584	)	(171.6)	%
Total noninterest income		231,694			210,390				21,304		10.1	%
Less: Investment securities (losses), net		(6,811	)		(36,661	)			29,850		(81.4)	%
Less: (Loss) on expected sale of consumer lease portfolio		(13,612	)		-				(13,612	)	—	%
Total adjusted noninterest income1		252,117			247,051				5,066		2.1	%
Noninterest expenses:
Salaries and employee benefits		298,080			281,087				16,993		6.0	%
Net occupancy and equipment		48,990			47,131				1,859		3.9	%
Computer software and maintenance		22,556			20,318				2,238		11.0	%
Marketing and business development		20,670			19,990				680		3.4	%
Legal and professional fees		22,403			26,290				(3,887	)	(14.8)	%
Bankcard processing, rewards and related cost		30,747			32,002				(1,255	)	(3.9)	%
Other expenses		62,044			62,589				(545	)	(0.9)	%
Total noninterest expenses		505,490			489,407				16,083		3.3	%
Income before income taxes		506,558			393,720				112,838		28.7	%
Income taxes		115,705			87,910				27,795		31.6	%
Net income	$	390,853		$	305,810			$	85,043		27.8	%
Less: Investment securities (losses), net of taxes		(5,187	)		(27,921	)			22,734		(81.4)	%
Less: (Loss) on expected sale of consumer lease portfolio, net of taxes		(6,563	)		-				(6,563	)	—	%
Adjusted net income1	$	402,603		$	333,731			$	68,872		20.6	%
End of period shares		241,106			220,385				20,721		9.4	%
Weighted average fully diluted shares		222,352			220,587				1,765		0.8	%
Net income per common share - diluted	$	1.75		$	1.39			$	0.37		26.6	%
Adjusted net income1per common share - diluted	$	1.81		$	1.51			$	0.30		19.5	%
Dividends / share	$	1.120		$	0.260			$	0.860		330.8	%
1This is a non-GAAP financial measure management believes is helpful to understanding trends in our business that may not be fully apparent based only on the most comparable GAAP financial measure. Further information on this financial measure and a reconciliation to the most comparable GAAP financial measure is provided at the end of this release.

Central Bancompany, Inc. and Subsidiaries
Fiscal Year Summary of Financial Results(unaudited)
	YTD				YTD				YTD YoY
	FY25				FY24				$VAR			%VAR
	(dollars in thousands, except per common share data and other information)
Financial Ratios (GAAP)
Net interest margin		4.30	%			3.84	%			0.46	%	11.9	%
Return on average total assets		2.03	%			1.63	%			0.40	%	24.4	%
Return on average common equity		11.9	%			10.4	%			1.5	%	14.3	%
Fee income ratio		22.7	%			23.4	%			(0.8)	%	(3.2)	%
Efficiency ratio		49.5	%			54.5	%			(5.0)	%	(9.2)	%
Effective tax rate		22.8	%			22.3	%			0.5	%	2.3	%
Financial Ratios (Non-GAAP1)
Net interest margin (FTE)2, 3		4.33	%			3.88	%			0.46	%	11.8	%
Adjusted return on average total assets2		2.09	%			1.78	%			0.31	%	17.4	%
Adjusted return on average common equity2		11.9	%			10.4	%			1.5	%	14.3	%
Return on average tangible common equity2		13.4	%			11.9	%			1.5	%	12.3	%
Adjusted return on average tangible common equity		13.8	%			13.0	%			0.8	%	6.0	%
Adjusted fee income ratio		24.2	%			26.4	%			(2.2)	%	(8.5)	%
Efficiency ratio (FTE)2,3		47.9	%			51.7	%			(3.8)	%	(7.3)	%
Net Interest Margin & Yields
Interest-earning cash yield3		4.48	%			5.56	%			(1.08)	%	(19.5)	%
Investment securities yield3		4.00	%			2.81	%			1.19	%	42.5	%
Loan yield3		6.24	%			6.13	%			0.11	%	1.8	%
Cost of deposits		1.18	%			1.30	%			(0.12)	%	(9.1)	%
Cost of funds		1.26	%			1.39	%			(0.13)	%	(9.1)	%
Loan to deposit ratio		72.4	%			77.8	%			(5.4)	%	(6.9)	%
Interest-free funds ratio		42.1	%			41.3	%			0.7	%	1.8	%
Interest-earning asset yield3		5.42	%			5.09	%			0.33	%	6.5	%
Cost of total interest-bearing liabilities		1.88	%			2.07	%			(0.19)	%	(9.3)	%
Net interest spread		3.54	%			3.02	%			0.52	%	17.4	%
Benefit of interest-free funds		0.79	%			0.86	%			(0.07)	%	(7.7)	%
Net interest margin (FTE)		4.33	%			3.88	%			0.46	%	11.8	%
Other Information
Number of full service offices		155				153				2		1.3	%
Full-time equivalent employees		2,905				2,938				(34	)	(1.2)	%
Consolidated Capital Ratios
Tier 1 capital ratio		28.1	%			23.6	%			4.4	%	18.8	%
Total risk-based capital ratio		29.3	%			24.9	%			4.4	%	17.6	%
Tier 1 leverage ratio		17.9	%			15.7	%			2.2	%	14.2	%
Common equity tier 1 ratio		28.1	%			23.6	%			4.4	%	18.8	%
Total stockholders' equity to total assets		18.2	%			16.2	%			2.1	%	12.8	%
Tangible common equity to tangible assets (non-GAAP)1		16.8	%			14.6	%			2.2	%	15.3	%
Risk-weighted assets	$	12,414			$	12,397			$	17		0.1	%
Book value per share	$	15.69			$	14.11			$	1.58		11.2	%
Tangible book value per share (non-GAAP)	$	14.24			$	12.50			$	1.73		13.8	%
Bank-Level Ratios
Tier 1 capital ratio		12.9	%			12.6	%			0.3	%	2.5	%
Total risk-based capital ratio		14.1	%			13.8	%			0.3	%	2.0	%
Tier 1 leverage ratio		8.2	%			8.3	%			(0.1)	%	(1.4)	%
Common equity Tier 1 ratio		12.9	%			12.6	%			0.3	%	2.5	%
1This is a non-GAAP financial measure management believes is helpful to understanding trends in our business that may not be fully apparent based only on the most comparable GAAP financial measure. Further information on this financial measure and a reconciliation to the most comparable GAAP financial measure is provided at the end of this release.
2Annualized for all partial-year periods.
3Fully-tax equivalent basis.
Asset Quality
Allowance for credit losses / loans held for investment		1.31	%			1.33	%			(0.02)	%	(1.4)	%
Allowance for credit losses	$	149,674			$	154,279			$	(4,605	)	(3.0)	%
Allowance for unfunded loan commitments	$	349			$	484			$	(135	)	(27.9)	%
Allowance for investment securities	$	10			$	21			$	(11	)	(51.2)	%
Nonperforming loans / loans held for investment		0.40	%			0.34	%			0.06	%	18.4	%
Nonperforming loans	$	45,977			$	39,473			$	6,504		16.5	%
Nonperforming commercial loans	$	17,245			$	14,490			$	2,755		19.0	%
Nonperforming consumer loans	$	28,732			$	24,983			$	3,749		15.0	%
Nonperforming assets / total assets		0.25	%			0.23	%			0.02	%	7.6	%
Nonperforming assets	$	51,931			$	44,748			$	7,183		16.1	%
Net charge-offs / average loans		0.12	%			0.13	%			(0.01)	%	(6.5)	%
Net charge-offs	$	14,061			$	15,206			$	(1,145	)	(7.5)	%
Commercial net charge-offs	$	4,238			$	5,458			$	(1,221	)	(22.4)	%
Consumer net charge-offs	$	9,823			$	9,748			$	75		0.8	%

Central Bancompany, Inc. and Subsidiaries
Fiscal Year Average Consolidated Balance Sheets(unaudited)
	YTD				YTD				YTD YoY
	FY25				FY24				$VAR			%VAR
	(dollars in thousands)
Average Assets
Cash and due from banks	$	189,801			$	191,738			$	(1,937	)	(1.0)	%
Short-term earning assets		937,455				844,259				93,196		11.0	%
Investment securities		5,973,167				5,454,694				518,473		9.5	%
Loans held for investment		11,425,430				11,560,066				(134,636	)	(1.2)	%
Less allowance for credit losses		(151,175	)			(154,674	)			3,499		(2.3)	%
Net loans		11,274,255				11,405,392				(131,137	)	(1.1)	%
Loans held for sale		27,189				26,487				702		2.7	%
Land, buildings, and equipment, net		215,661				216,746				(1,085	)	(0.5)	%
Goodwill and intangibles		353,392				356,677				(3,285	)	(0.9)	%
Other assets		329,139				285,225				43,914		15.4	%
Total assets	$	19,300,059			$	18,781,218			$	518,841		2.8	%
Average Liabilities
Noninterest-bearing demand	$	5,229,143			$	5,180,962			$	48,181		0.9	%
Savings and interest-bearing demand		7,934,637				7,840,224				94,413		1.2	%
Time		1,690,034				1,658,155				31,879		1.9	%
Total deposits		14,853,814				14,679,341				174,473		1.2	%
Federal funds purchased and customer repurchase agreements		1,013,959				993,284				20,675		2.1	%
Total customer funds		15,867,773				15,672,625				195,148		1.2	%
Other liabilities		147,099				170,618				(23,519	)	(13.8)	%
Total liabilities		16,014,872				15,843,243				171,629		1.1	%
Average Stockholders' Equity
Common equity		3,458,025				3,249,359				208,666		6.4	%
Accumulated other comprehensive loss		(74,182	)			(225,501	)			151,319		(67.1)	%
Treasury stock		(99,151	)			(88,861	)			(10,290	)	11.6	%
Total stockholders' equity		3,285,187				2,937,975				347,212		11.8	%
Total liabilities and stockholders' equity	$	19,300,059			$	18,781,218			$	518,841		2.8	%
Average interest-earning assets	$	18,363,241			$	17,885,506			$	477,735		2.7	%
Average interest-bearing liabilities		10,638,630				10,491,663				146,967		1.4	%
Average interest-free funds		7,724,611				7,393,843				330,768		4.5	%

Selected quarterly information is provided on pages 13 - 16 below.

Central Bancompany, Inc. and Subsidiaries
Selected Quarterly Consolidated Balance Sheets(unaudited)
	Q2				Q1				Q3			Q2			Q1
	FY25				FY25				FY24			FY24			FY24
	(dollars in thousands, except per common share data)
Assets
Cash and due from banks	$	243,927			$	319,668			$	256,622		$	222,920		$	188,099
Short-term earning assets		663,188				1,230,602				383,132			585,328			1,313,811
Investment securities		6,017,112				5,802,740				5,659,160			5,497,584			5,313,304
Loans held for investment:
Construction and development		481,940				489,243				555,941			631,559			730,773
Commercial, financial & agricultural		1,784,298				1,767,642				1,887,934			1,901,858			1,902,348
Non-owner-occupied commercial real estate1		3,178,773				3,278,281				3,216,391			3,167,570			3,031,674
Owner-occupied commercial real estate		1,596,915				1,608,046				1,542,735			1,563,916			1,559,098
Commercial real estate		4,775,688				4,886,327				4,759,126			4,731,486			4,590,772
Total commercial loans		7,041,926				7,143,212				7,203,001			7,264,903			7,223,893
Residential mortgage loans2		3,197,313				3,112,039				3,029,431			2,950,672			2,862,230
Home equity lines of credit		371,300				357,655				341,776			326,873			311,366
Consumer credit card		89,606				87,669				87,763			88,512			89,176
Other consumer loans		637,571				835,039				963,471			1,023,686			1,063,146
Total residential and consumer loans		4,295,790				4,392,402				4,422,441			4,389,743			4,325,918
Total unpaid principal balance		11,337,716				11,535,614				11,625,442			11,654,646			11,549,811
Add: Unearned income		(10,370	)			(23,677	)			(28,462	)		(29,154	)		(30,666	)
Loans held for investment		11,327,346				11,511,937				11,596,979			11,625,492			11,519,145
Less: Allowance for credit losses		(149,381	)			(153,738	)			(155,145	)		(154,826	)		(154,569	)
Net loans		11,177,965				11,358,199				11,441,834			11,470,666			11,364,576
Loans held for sale		22,804				19,856				33,505			26,695			11,764
Land, buildings, and equipment, net		213,973				214,602				214,264			215,067			215,986
Goodwill and intangibles		353,277				354,083				355,705			356,524			357,401
Other assets		388,185				284,708				267,437			314,695			305,141
Total assets	$	19,080,430			$	19,584,460			$	18,611,659		$	18,689,479		$	19,070,082
Liabilities and Stockholders' Equity
Deposits:
Noninterest-bearing demand	$	5,280,287			$	5,335,974			$	5,302,891		$	5,180,740		$	5,254,254
Savings and interest-bearing demand		7,811,907				8,054,662				7,439,724			7,827,777			8,166,197
Time		1,696,962				1,682,101				1,700,470			1,657,723			1,632,603
Total deposits		14,789,156				15,072,737				14,443,085			14,666,240			15,053,054
Federal funds purchased and customer repurchase agreements		973,618				1,097,440				910,976			938,816			1,015,393
Total customer funds		15,762,774				16,170,177				15,354,061			15,605,056			16,068,447
Other liabilities		144,328				170,656				174,221			167,172			185,791
Total liabilities		15,907,102				16,340,833				15,528,282			15,772,228			16,254,238
Stockholders' equity:
Common equity		3,336,782				3,433,445				3,314,961			3,251,566			3,168,896
Accumulated other comprehensive (loss)		(64,296	)			(90,865	)			(141,347	)		(246,891	)		(265,817	)
Less: Treasury stock		(99,158	)			(98,953	)			(90,237	)		(87,424	)		(87,235	)
Total stockholders' equity		3,173,329				3,243,627				3,083,377			2,917,251			2,815,844
Total liabilities and stockholders' equity	$	19,080,430			$	19,584,460			$	18,611,659		$	18,689,479		$	19,070,082
1Non-owner occupied commercial real estate loans updated presentation to include multi-family loans
2Residential mortgage loans updated presentation to include residential construction and development

Central Bancompany, Inc. and Subsidiaries
Selected Quarterly Consolidated Statements of Income(unaudited)
	Q2			Q1		Q3			Q2		Q1
	FY25			FY25		FY24			FY24		FY24
	(dollars in thousands, except per common share data)
Interest income:
Loans	$	177,791		$	176,274	$	180,810		$	176,283	$	171,458
Investment securities		56,928			53,405		40,456			35,325		30,576
Short-term earning assets		10,961			10,530		7,766			11,259		18,347
Total interest income		245,680			240,209		229,032			222,867		220,381
Interest expense:
Deposits		44,271			43,730		47,820			49,767		49,032
Federal funds purchased and customer repurchase agreements		6,352			7,206		6,541			6,790		7,416
Total interest expense		50,623			50,936		54,361			56,557		56,448
Net interest income		195,057			189,273		174,671			166,310		163,933
Provision for (recovery of) credit losses		(7	)		2,920		4,844			4,042		3,083
Noninterest income:
Service charges and commissions		14,179			13,944		14,371			13,830		13,640
Payment services revenue		17,420			15,976		17,153			17,440		15,875
Brokerage services		7,015			6,714		6,303			6,471		6,336
Fees for fiduciary services		12,304			12,463		11,835			10,945		10,817
Mortgage banking revenues, net		11,139			8,727		11,490			11,362		8,862
Investment securities (losses) gains, net		-			109		(12,064	)		14,333		327
Other income (loss)		(11,992	)		855		1,398			4,430		1,191
Total noninterest income		50,065			58,788		50,486			78,811		57,048
Less: Investment securities (losses) gains, net of taxes		-			109		(12,064	)		14,333		327
Less: (Loss) on expected sale of consumer lease portfolio		(13,612	)		-		-			-		-
Total adjusted noninterest income1		63,677			58,679		62,550			64,478		56,721
Noninterest expenses:
Salaries and employee benefits		74,736			71,247		72,896			69,858		67,395
Net occupancy and equipment		11,664			11,847		11,835			11,854		11,443
Computer software and maintenance		5,227			6,056		5,068			5,071		5,379
Marketing and business development		5,417			4,959		5,084			5,330		4,204
Legal and professional fees		5,477			4,878		7,739			6,063		3,983
Bankcard processing, rewards and related cost		8,090			7,022		8,399			8,646		8,703
Other expenses		16,159			16,252		15,681			15,456		14,447
Total noninterest expenses		126,770			122,261		126,702			122,278		115,554
Income before income taxes		118,359			122,880		93,611			118,801		102,344
Income taxes		26,994			28,082		20,991			26,900		22,940
Net income	$	91,365		$	94,798	$	72,620		$	91,901	$	79,404
Less: Investment securities (losses) gains, net of taxes		-			83		(9,188	)		10,916		249
Less: (Loss) on expected sale of consumer lease portfolio, net of taxes		(6,563	)		-		-			-		-
Adjusted net income1	$	97,928		$	94,715	$	81,808		$	80,985	$	79,155
End of period shares		220,665			220,735		221,052			221,262		221,276
Weighted average fully diluted shares		220,036			219,943		220,648			220,771		220,698
Net income per common share - diluted	$	0.42		$	0.43	$	0.33		$	0.42	$	0.36
Adjusted net income1per common share - diluted	$	0.44		$	0.43	$	0.37		$	0.37	$	0.36
Dividends / share	$	0.855		$	0.055	$	0.045		$	0.045	$	0.045
1This is a non-GAAP financial measure management believes is helpful to understanding trends in our business that may not be fully apparent based only on the most comparable GAAP financial measure. Further information on this financial measure and a reconciliation to the most comparable GAAP financial measure is provided at the end of this release.

Central Bancompany, Inc. and Subsidiaries
Selected Quarterly Summary of Financial Results(unaudited)
	Q2				Q1				Q3				Q2				Q1
	FY25				FY25				FY24				FY24				FY24
	(dollars in thousands, except per common share data and other information)
Financial Ratios (GAAP)
Net interest margin		4.26	%			4.19	%			3.91	%			3.75	%			3.66	%
Return on average total assets		1.90	%			2.00	%			1.55	%			1.97	%			1.69	%
Return on average common equity		11.5	%			12.1	%			9.6	%			12.9	%			11.5	%
Fee income ratio		20.4	%			23.7	%			22.4	%			32.2	%			25.8	%
Efficiency ratio		51.7	%			49.3	%			56.3	%			49.9	%			52.3	%
Effective tax rate		22.8	%			22.9	%			22.4	%			22.6	%			22.4	%
Financial Ratios (Non-GAAP1)
Net interest margin (FTE)2, 3		4.30	%			4.23	%			3.94	%			3.78	%			3.70	%
Adjusted return on average total assets2		2.04	%			2.00	%			1.75	%			1.73	%			1.68	%
Adjusted return on average common equity2		11.5	%			12.1	%			9.6	%			12.9	%			11.5	%
Return on average tangible common equity2		13.0	%			13.7	%			10.9	%			14.8	%			13.4	%
Adjusted return on average tangible common equity		13.9	%			13.7	%			12.3	%			13.1	%			13.3	%
Adjusted fee income ratio		24.6	%			23.7	%			26.4	%			27.9	%			25.7	%
Efficiency ratio (FTE)2,3		48.4	%			48.7	%			52.8	%			52.3	%			51.6	%
Net Interest Margin & Yields
Interest-earning cash yield3		4.65	%			4.65	%			5.66	%			5.71	%			5.71	%
Investment securities yield3		3.91	%			3.79	%			2.93	%			2.65	%			2.41	%
Loan yield3		6.23	%			6.20	%			6.20	%			6.13	%			6.02	%
Cost of deposits		1.19	%			1.20	%			1.31	%			1.36	%			1.32	%
Cost of funds		1.28	%			1.30	%			1.40	%			1.44	%			1.42	%
Loan to deposit ratio		76.7	%			76.5	%			80.5	%			79.4	%			76.6	%
Interest-free funds ratio		41.8	%			41.1	%			42.3	%			40.6	%			40.1	%
Interest-earning asset yield3		5.40	%			5.36	%			5.16	%			5.05	%			4.96	%
Cost of total interest-bearing liabilities		1.90	%			1.92	%			2.11	%			2.14	%			2.10	%
Net interest spread		3.50	%			3.44	%			3.05	%			2.91	%			2.85	%
Benefit of interest-free funds		0.79	%			0.79	%			0.89	%			0.87	%			0.84	%
Net interest margin (FTE)		4.30	%			4.23	%			3.94	%			3.78	%			3.70	%
Other Information
Number of full service offices		154				153				153				153				153
Full-time equivalent employees		2,929				2,918				2,925				2,956				2,872
Consolidated Capital Ratios
Tier 1 capital ratio		23.8	%			24.4	%			23.4	%			22.5	%			22.1	%
Total risk-based capital ratio		25.0	%			25.7	%			24.6	%			23.8	%			23.4	%
Tier 1 leverage ratio		15.3	%			15.8	%			15.7	%			15.1	%			14.5	%
Common equity tier 1 ratio		23.8	%			24.4	%			23.4	%			22.5	%			22.1	%
Total stockholders' equity to total assets		16.6	%			16.6	%			16.6	%			15.6	%			14.8	%
Tangible common equity to tangible assets (non-GAAP)1		15.1	%			15.0	%			14.9	%			14.0	%			13.1	%
Risk-weighted assets	$	12,258			$	12,340			$	12,426			$	12,585			$	12,440
Book value per share	$	14.38			$	14.69			$	13.95			$	13.18			$	12.73
Tangible book value per share (non-GAAP)	$	12.78			$	13.09			$	12.34			$	11.57			$	11.11
Bank-Level Ratios
Tier 1 capital ratio		13.5	%			13.3	%			12.7	%			12.5	%			12.4	%
Total risk-based capital ratio		14.7	%			14.6	%			14.0	%			13.7	%			13.7	%
Tier 1 leverage ratio		8.6	%			8.6	%			8.5	%			8.4	%			8.2	%
Common equity Tier 1 ratio		13.5	%			13.3	%			12.7	%			12.5	%			12.4	%
1This is a non-GAAP financial measure management believes is helpful to understanding trends in our business that may not be fully apparent based only on the most comparable GAAP financial measure. Further information on this financial measure and a reconciliation to the most comparable GAAP financial measure is provided at the end of this release.
2Annualized for all partial-year periods.
3Fully-tax equivalent basis.
Asset Quality
Allowance for credit losses / loans held for investment		1.32	%			1.34	%			1.34	%			1.33	%			1.34	%
Allowance for credit losses	$	149,381			$	153,738			$	155,145			$	154,826			$	154,569
Allowance for unfunded loan commitments	$	524			$	490			$	484			$	484			$	568
Allowance for investment securities	$	22			$	22			$	19			$	21			$	21
Nonperforming loans / loans held for investment		0.42	%			0.43	%			0.30	%			0.29	%			0.28	%
Nonperforming loans	$	47,637			$	49,391			$	34,656			$	33,413			$	32,298
Nonperforming commercial loans	$	20,501			$	19,729			$	10,682			$	14,082			$	17,411
Nonperforming consumer loans	$	27,136			$	29,662			$	23,974			$	19,331			$	14,887
Nonperforming assets / total assets		0.28	%			0.28	%			0.21	%			0.23	%			0.20	%
Nonperforming assets	$	53,887			$	55,520			$	39,626			$	42,140			$	37,942
Net charge-offs / average loans		0.15	%			0.12	%			0.15	%			0.13	%			0.12	%
Net charge-offs	$	4,316			$	3,453			$	4,526			$	3,870			$	3,328
Commercial net charge-offs	$	1,408			$	1,169			$	1,973			$	1,600			$	808
Consumer net charge-offs	$	2,909			$	2,284			$	2,553			$	2,270			$	2,520

Central Bancompany, Inc. and Subsidiaries
Selected Quarterly Average Consolidated Balance Sheets (unaudited)
	Q2				Q1				Q3				Q2				Q1
	FY25				FY25				FY24				FY24				FY24
	(dollars in thousands)
Average Assets
Cash and due from banks	$	200,185			$	188,038			$	185,667			$	203,400			$	189,443
Short-term earning assets		983,573				955,427				567,908				826,063				1,344,385
Investment securities		5,879,919				5,765,263				5,556,550				5,427,848				5,180,455
Loans held for investment		11,458,168				11,565,417				11,605,729				11,581,791				11,475,540
Less allowance for credit losses		(152,818	)			(153,760	)			(155,020	)			(154,379	)			(154,588	)
Net loans		11,305,350				11,411,657				11,450,709				11,427,412				11,320,952
Loans held for sale		29,047				17,569				32,546				23,575				16,251
Land, buildings, and equipment, net		215,349				215,867				215,521				218,188				217,598
Goodwill and intangibles		353,803				354,612				356,242				357,092				357,970
Other assets		304,170				266,704				274,252				313,146				285,135
Total assets	$	19,271,396			$	19,175,137			$	18,639,395			$	18,796,724			$	18,912,189
Average Liabilities
Noninterest-bearing demand	$	5,225,769			$	5,074,272			$	5,197,890			$	5,145,596			$	5,181,190
Savings and interest-bearing demand		7,985,903				8,004,524				7,635,759				7,973,897				8,145,785
Time		1,692,958				1,685,989				1,683,644				1,639,331				1,598,182
Total deposits		14,904,630				14,764,785				14,517,293				14,758,824				14,925,157
Federal funds purchased and customer repurchase agreements		1,009,868				1,084,995				933,029				992,844				1,043,483
Total customer funds		15,914,498				15,849,780				15,450,322				15,751,668				15,968,640
Other liabilities		162,981				143,694				166,924				171,794				178,394
Total liabilities		16,077,479				15,993,474				15,617,246				15,923,462				16,147,034
Average Stockholders' Equity
Common equity		3,382,882				3,405,171				3,296,668				3,230,584				3,123,831
Accumulated other comprehensive loss		(89,919	)			(124,265	)			(186,101	)			(270,042	)			(271,270	)
Treasury stock		(99,046	)			(99,243	)			(88,418	)			(87,280	)			(87,406	)
Total stockholders' equity		3,193,917				3,181,663				3,022,149				2,873,262				2,765,155
Total liabilities and stockholders' equity	$	19,271,396			$	19,175,137			$	18,639,395			$	18,796,724			$	18,912,189
Average interest-earning assets	$	18,350,707			$	18,303,676			$	17,762,733			$	17,859,277			$	18,016,631
Average interest-bearing liabilities		10,688,729				10,775,508				10,252,432				10,606,072				10,787,450
Average interest-free funds		7,661,978				7,528,168				7,510,301				7,253,205				7,229,181

Non-GAAP Financial Measures Reconciliations

In this release, we provide information about certain non-GAAP financial measures. This information supplements the results that are reported according to generally accepted accounting principles in the United States (GAAP) and should not be viewed in isolation from, or as a substitute for, GAAP results. We are presenting these non-GAAP financial measures because we believe, when taken collectively, they may be helpful to investors because they provide consistency and comparability with past financial performance by excluding certain items that may not be indicative of our business, results of operations or outlook. The non-GAAP measures as defined by the Company may not be comparable to similar non-GAAP measures presented by other companies.

We disclose net interest income and related ratios and analysis on a fully taxable-equivalent (“FTE”) basis, which may be considered non-GAAP financial measures. We believe this presentation to be the preferred industry measurement of net interest income as it provides a relevant comparison of net interest income arising from taxable and tax-exempt sources. In addition, certain performance measures, including the efficiency ratio and net interest margin utilize net interest income on a taxable-equivalent basis.

We evaluate our profitability and performance based on adjusted net income, adjusted total revenue, adjusted noninterest income, adjusted fee income and adjusted return on average total assets. We adjust each of these measures to exclude the loss on the expected sale of the consumer loan portfolio in one of our markets and adjustments that resulted from certain investment portfolio repositioning activities during the periods presented that we consider to be outside of the ordinary course of business. We believe this allows investors to assess our net income, total revenue and noninterest income exclusive of the impact of changes outside the ordinary course of business. Similarly, we evaluate our operational efficiency based on tangible noninterest expense and our adjusted efficiency ratio, which excludes the effect of amortization of intangibles (a non-cash expense item) as well as the exclusions mentioned previously in this paragraph, and includes the tax benefit associated with our tax-advantaged loans.

We evaluate our financial condition based on the ratios of our tangible common equity to our tangible assets, tangible book value per share, return and adjusted return on average common equity, and return and adjusted return on average tangible common equity. Our calculation of these ratios allows readers to assess our stockholder’s equity, exclusive of the effect of our goodwill and other intangible assets.

Reconciliations for each of these non-GAAP financial measures to the closest GAAP financial measures are included in the tables below. Each of the non-GAAP financial measures presented should be considered in context with our GAAP financial results included in this release.

Central Bancompany, Inc. and Subsidiaries
Quarterly Reconciliation of non-GAAP Measures(unaudited)
		Q4			Q3			Q4				Q vs PQ						Q vs PYQ
		FY25			FY25			FY24				$VAR			%VAR			$VAR			%VAR
		(dollars in thousands, except share and per share data)
Interest income (FTE), net interest income (FTE) and net interest margin (FTE)
Interest income		$	255,284		$	248,775		$	232,697			$	6,509		2.6	%		$	22,587		9.7	%
Add: Tax-equivalent adjustment ¹			1,658			1,436			1,370				222		15.5	%			288		21.0	%
Interest income (FTE) (non-GAAP)		$	256,942		$	250,211		$	234,067			$	6,731		2.7	%		$	22,875		9.8	%
Net interest income	{a}	$	206,463		$	198,872		$	182,410			$	7,591		3.8	%		$	24,053		13.2	%
Add: Tax-equivalent adjustment ¹			1,658			1,436			1,370				222		15.5	%			288		21.0	%
Net interest income (FTE) (non-GAAP)	{b}	$	208,121		$	200,308		$	183,780			$	7,813		3.9	%		$	24,341		13.2	%
Average interest-earning assets	{c}	$	18,704,393		$	18,092,760		$	17,904,445			$	611,633		3.4	%		$	799,948		4.5	%
Net interest margin ²	{a ÷ c}		4.38	%		4.36	%		4.05	%			0.02	%	0.4	%			0.33	%	8.0	%
Net interest margin (FTE) (non-GAAP) ²	{b ÷ c}		4.41	%		4.39	%		4.08	%			0.02	%	0.5	%			0.33	%	8.1	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² Ratios for the quarters and year-to-date are presented on an annualized basis.
Adjusted noninterest income, adjusted total revenue and adjusted fee income ratio
Noninterest income	{a}	$	65,771		$	57,070		$	24,045			$	8,701		15.2	%		$	41,726		173.5	%
Less: Investment securities loss			—			(6,920	)		(39,257	)			6,920		(100.0)	%			39,257		(100.0)	%
Adjusted noninterest income (non-GAAP)	{b}	$	65,771		$	63,990		$	63,302				1,781		2.8	%			2,469		3.9	%
Net interest income		$	206,463		$	198,872		$	182,410				7,591		3.8	%			24,053		13.2	%
Noninterest income			65,771			57,070			24,045				8,701		15.2	%			41,726		173.5	%
Total revenue	{c}		272,234			255,942			206,455				16,292		6.4	%			65,779		31.9	%
Less: Investment securities loss			—			(6,920	)		(39,257	)			6,920		(100.0)	%			39,257		(100.0)	%
Adjusted total revenue (non-GAAP)	{d}	$	272,234		$	262,862		$	245,712			$	9,372		3.6	%		$	26,522		10.8	%
Fee income ratio	{a ÷ c}		24.2	%		22.3	%		11.6	%			1.9	%	8.3	%			12.5	%	107.4	%
Adjusted fee income ratio (non-GAAP)	{b ÷ d}		24.2	%		24.3	%		25.8	%			(0.2)	%	(0.8)	%		(1.6)		%	(6.2)	%
Tangible noninterest expense, adjusted total revenue (FTE) and efficiency ratio (FTE)
Net interest income		$	206,463		$	198,872		$	182,410			$	7,591		3.8	%		$	24,053		13.2	%
Noninterest income			65,771			57,070			24,045				8,701		15.2	%			41,726		173.5	%
Total revenue	{a}		272,234			255,942			206,455				16,292		6.4	%			65,779		31.9	%
Less: Investment securities loss			—			(6,920	)		(39,257	)			6,920		(100.0)	%			39,257		—	%
Add: Tax equivalent adjustment ¹			1,658			1,436			1,370				222		15.5	%			288		21.0	%
Adjusted total revenue (FTE) (non-GAAP)	{b}	$	273,892		$	264,298		$	247,082			$	9,594		3.6	%		$	26,810		10.9	%
Noninterest expense	{c}	$	129,514		$	126,945		$	124,873			$	2,569		2.0	%		$	4,641		3.7	%
Less: Amortization of intangible assets			807			807			815				—		—	%			(8	)	(1.0)	%
Tangible noninterest expense (non-GAAP)	{d}	$	128,707		$	126,138		$	124,058			$	2,569		2.0	%		$	4,649		3.7	%
Efficiency ratio	{c ÷ a}		47.6	%		49.6	%		60.5	%		(2.0)		%	(4.1)	%		(12.9)		%	(21.3)	%
Efficiency ratio (FTE) (non-GAAP)	{d ÷ b}		47.0	%		47.7	%		50.2	%		(0.7)		%	(1.5)	%		(3.2)		%	(6.4)	%
¹ Effective marginal tax rate of 23.84% used for all periods.
Adjusted net income and adjusted return on average total assets
Net income	{a}	$	107,591		$	97,099		$	61,885			$	10,492		10.8	%		$	45,706		73.9	%
Add: Investment securities loss, net of taxes ¹			—			5,270			29,898				(5,270	)	(100.0)	%			(29,898	)	(100.0)	%
Adjusted net income (non-GAAP)	{b}	$	107,591		$	102,369		$	91,783			$	5,222		5.1	%		$	15,808		17.2	%
Average total assets	{c}	$	19,666,237		$	19,084,437		$	18,781,340			$	581,800		3.0	%		$	884,897		4.7	%
Return on average total assets ³	{a ÷ c}		2.17	%		2.02	%		1.31	%			0.15	%	7.5	%			0.86	%	65.6	%
Adjusted return on average total assets (non-GAAP) ³	{b ÷ c}		2.17	%		2.13	%		1.94	%			0.04	%	2.0	%			0.23	%	11.6	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² The second quarter of FY25 includes a $13.6 million loss on the expected sale of the consumer lease portfolio recognized in other noninterest income and a $5.0 million release of provision, which resulted in a net pre-tax loss of $8.6 million. Net of taxes, at a tax rate of 23.84%, the total impact to net income was $6.6 million.
³ Ratios for the quarters and year-to-date are presented on an annualized basis.
Tangible common equity, tangible book value per share and tangible common equity to tangible assets
Total stockholders' equity	{a}	$	3,783,977		$	3,284,414		$	3,110,661			$	499,563		15.2	%		$	673,316		21.6	%
Less: Goodwill and other intangible assets			351,664			352,470			354,890				(806	)	(0.2)	%			(3,226	)	(0.9)	%
Tangible common equity (non-GAAP)	{b}	$	3,432,313		$	2,931,944		$	2,755,771			$	500,369		17.1	%		$	676,542		24.6	%
Total shares of Class A common stock outstanding	{c}		241,106			220,665			220,385				20,441		9.3	%			20,721		9.4	%
Book value per share	{a ÷ c}	$	15.69		$	14.88		$	14.11			$	0.81		5.4	%		$	1.58		11.2	%
Tangible book value per share (non-GAAP)	{b ÷ c}	$	14.24		$	13.29		$	12.50			$	0.95		7.1	%		$	1.73		13.8	%
Total assets	{d}	$	20,751,978		$	19,183,605		$	19,242,543			$	1,568,373		8.2	%		$	1,509,435		7.8	%
Less: Goodwill and other intangible assets			351,664			352,470			354,890				(806	)	(0.2)	%			(3,226	)	(0.9)	%
Tangible assets (non-GAAP)	{e}	$	20,400,314		$	18,831,135		$	18,887,653			$	1,569,179		8.3	%		$	1,512,661		8.0	%
Total stockholders' equity to total assets	{a ÷ d}		18.2	%		17.1	%		16.2	%			1.1	%	6.5	%			2.1	%	12.8	%
Tangible common equity to tangible assets (non-GAAP)	{b ÷ e}		16.8	%		15.6	%		14.6	%			1.3	%	8.1	%			2.2	%	15.3	%
Tangible net income, adjusted tangible net income, average tangible common equity, adjusted return on average common equity, return on average tangible common equity and adjusted return on average tangible common equity
Net income	{a}	$	107,591		$	97,099		$	61,885			$	10,492		10.8	%		$	45,706		73.9	%
Add: Amortization of intangible assets, net of taxes ¹			615			615			621				—		—	%			(6	)	(1.0)	%
Tangible net income (non-GAAP)			108,206			97,714			62,506				10,492		10.7	%			45,700		73.1	%
Add: Investment securities loss, net of taxes ¹			—			5,270			29,898				(5,270	)	(100.0)	%			(29,898	)	(100.0)	%
Adjusted tangible net income (non-GAAP)	{b}	$	108,206		$	102,984		$	92,404			$	5,222		5.1	%		$	15,802		17.1	%
Average common equity	{c}	$	3,523,389		$	3,238,538		$	3,088,750			$	284,851		8.8	%		$	434,639		14.1	%
Less: Average goodwill and other intangible assets			352,186			352,996			355,421				(810	)	(0.2)	%			(3,235	)	(0.9)	%
Average tangible common equity (non-GAAP)	{d}	$	3,171,203		$	2,885,542		$	2,733,329			$	285,661		9.9	%		$	437,874		16.0	%
Return on average common equity ³	{a ÷ c}		12.1	%		11.9	%		8.0	%			0.2	%	1.8	%			4.1	%	52.0	%
Adjusted return on average common equity (non-GAAP) ³	{b ÷ c}		12.1	%		12.5	%		11.8	%			(0.4)	%	(3.4)	%			0.3	%	2.5	%
Return on average tangible common equity (non-GAAP) ³	{a ÷ d}		13.5	%		13.4	%		9.1	%			0.1	%	0.8	%			4.4	%	48.8	%
Adjusted return on average tangible common equity (non-GAAP) ³	{b ÷ d}		13.5	%		14.2	%		13.4	%		(0.6)		%	(4.4)	%			0.1	%	0.7	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² The second quarter of FY25 includes a $13.6 million loss on the expected sale of the consumer lease portfolio recognized in other noninterest income and a $5.0 million release of provision, which resulted in a net pre-tax loss of $8.6 million. Net of taxes, at a tax rate of 23.84%, the total impact to net income was $6.6 million.
³ Ratios for the quarters and year-to-date are presented on an annualized basis.

Central Bancompany, Inc. and Subsidiaries
Fiscal Year Reconciliation of non-GAAP Measures(unaudited)
		YTD			YTD				YTD YoY
		FY25			FY24				$VAR			%VAR
		(dollars in thousands, except share and per share data)
Interest income (FTE), net interest income (FTE) and net interest margin (FTE)
Interest income		$	989,948		$	904,977			$	84,971		9.4	%
Add: Tax-equivalent adjustment ¹			6,218			5,861				357		6.1	%
Interest income (FTE) (non-GAAP)		$	996,166		$	910,838			$	85,328		9.4	%
Net interest income	{a}	$	789,665		$	687,324			$	102,341		14.9	%
Add: Tax-equivalent adjustment ¹			6,218			5,861				357		6.1	%
Net interest income (FTE) (non-GAAP)	{b}	$	795,883		$	693,185			$	102,698		14.8	%
Average interest-earning assets	{c}	$	18,363,241		$	17,885,506			$	477,735		2.7	%
Net interest margin ²	{a ÷ c}		4.30	%		3.84	%			0.46	%	11.9	%
Net interest margin (FTE) (non-GAAP) ²	{b ÷ c}		4.33	%		3.88	%			0.46	%	11.8	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² Ratios for the quarters and year-to-date are presented on an annualized basis.
Adjusted noninterest income, adjusted total revenue and adjusted fee income ratio
Noninterest income	{a}	$	231,694		$	210,390			$	21,304		10.1	%
Less: Loss on expected sale of consumer lease portfolio			(13,612	)		—				(13,612	)	—	%
Less: Investment securities loss			(6,811	)		(36,661	)			29,850		(81.4)	%
Adjusted noninterest income (non-GAAP)	{b}	$	252,117		$	247,051				5,066		2.1	%
Net interest income		$	789,665		$	687,324				102,341		14.9	%
Noninterest income			231,694			210,390				21,304		10.1	%
Total revenue	{c}		1,021,359			897,714				123,645		13.8	%
Less: Loss on expected sale of consumer lease portfolio			(13,612	)		—				(13,612	)	—	%
Less: Investment securities loss			(6,811	)		(36,661	)			29,850		(81.4)	%
Adjusted total revenue (non-GAAP)	{d}	$	1,041,782		$	934,375			$	107,407		11.5	%
Fee income ratio	{a ÷ c}		22.7	%		23.4	%			(0.8)	%	(3.2)	%
Adjusted fee income ratio (non-GAAP)	{b ÷ d}		24.2	%		26.4	%			(2.2)	%	(8.5)	%
Tangible noninterest expense, adjusted total revenue (FTE) and efficiency ratio (FTE)
Net interest income		$	789,665		$	687,324			$	102,341		14.9	%
Noninterest income			231,694			210,390				21,304		10.1	%
Total revenue	{a}		1,021,359			897,714				123,645		13.8	%
Less: Loss on expected sale of consumer lease portfolio			(13,612	)		—				(13,612	)	—	%
Less: Investment securities loss			(6,811	)		(36,661	)			29,850		(81.4)	%
Add: Tax equivalent adjustment ¹			6,218			5,861				357		6.1	%
Adjusted total revenue (FTE) (non-GAAP)	{b}	$	1,048,000		$	940,236			$	107,764		11.5	%
Noninterest expense	{c}	$	505,490		$	489,407			$	16,083		3.3	%
Less: Amortization of intangible assets			3,227			3,388				(161	)	(4.8)	%
Tangible noninterest expense (non-GAAP)	{d}	$	502,263		$	486,019			$	16,244		3.3	%
Efficiency ratio	{c ÷ a}		49.5	%		54.5	%			(5.0)	%	(9.2)	%
Efficiency ratio (FTE) (non-GAAP)	{d ÷ b}		47.9	%		51.7	%			(3.8)	%	(7.3)	%
¹ Effective marginal tax rate of 23.84% used for all periods.
Adjusted net income and adjusted return on average total assets
Net income	{a}	$	390,853		$	305,810			$	85,043		27.8	%
Add: Loss on expected sale of consumer lease portfolio, net of provision and taxes ¹ ²			6,563			—				6,563		—	%
Add: Investment securities loss, net of taxes ¹			5,187			27,921				(22,734	)	(81.4)	%
Adjusted net income (non-GAAP)	{b}	$	402,603		$	333,731			$	68,872		20.6	%
Average total assets	{c}	$	19,300,059		$	18,781,218			$	518,841		2.8	%
Return on average total assets ³	{a ÷ c}		2.03	%		1.63	%			0.40	%	24.4	%
Adjusted return on average total assets (non-GAAP) ³	{b ÷ c}		2.09	%		1.78	%			0.31	%	17.4	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² The second quarter of FY25 includes a $13.6 million loss on the expected sale of the consumer lease portfolio recognized in other noninterest income and a $5.0 million release of provision, which resulted in a net pre-tax loss of $8.6 million. Net of taxes, at a tax rate of 23.84%, the total impact to net income was $6.6 million.
³ Ratios for the quarters and year-to-date are presented on an annualized basis.
Tangible common equity, tangible book value per share and tangible common equity to tangible assets
Total stockholders' equity	{a}	$	3,783,977		$	3,110,661			$	673,316		21.6	%
Less: Goodwill and other intangible assets			351,664			354,890				(3,226	)	(0.9)	%
Tangible common equity (non-GAAP)	{b}	$	3,432,313		$	2,755,771			$	676,542		24.6	%
Total shares of Class A common stock outstanding	{c}		241,106			220,385				20,721		9.4	%
Book value per share	{a ÷ c}	$	15.69		$	14.11			$	1.58		11.2	%
Tangible book value per share (non-GAAP)	{b ÷ c}	$	14.24		$	12.50			$	1.73		13.8	%
Total assets	{d}	$	20,751,978		$	19,242,543			$	1,509,435		7.8	%
Less: Goodwill and other intangible assets			351,664			354,890				(3,226	)	(0.9)	%
Tangible assets (non-GAAP)	{e}	$	20,400,314		$	18,887,653			$	1,512,661		8.0	%
Total stockholders' equity to total assets	{a ÷ d}		18.2	%		16.2	%			2.1	%	12.8	%
Tangible common equity to tangible assets (non-GAAP)	{b ÷ e}		16.8	%		14.6	%			2.2	%	15.3	%
Tangible net income, adjusted tangible net income, average tangible common equity, adjusted return on average common equity, return on average tangible common equity and adjusted return on average tangible common equity
Net income	{a}	$	390,853		$	305,810			$	85,043		27.8	%
Add: Amortization of intangible assets, net of taxes ¹			2,458			2,580				(123	)	(4.8)	%
Tangible net income (non-GAAP)			393,311			308,390				84,920		27.5	%
Add: Loss on expected sale of consumer lease portfolio, net of provision and taxes ¹ ²			6,563			—				6,563		—	%
Add: Investment securities loss, net of taxes ¹			5,187			27,921				(22,734	)	(81.4)	%
Adjusted tangible net income (non-GAAP)	{b}	$	405,061		$	336,311			$	68,749		20.4	%
Average common equity	{c}	$	3,285,187		$	2,937,975			$	347,212		11.8	%
Less: Average goodwill and other intangible assets			353,392			356,677				(3,285	)	(0.9)	%
Average tangible common equity (non-GAAP)	{d}	$	2,931,795		$	2,581,298			$	350,497		13.6	%
Return on average common equity ³	{a ÷ c}		11.9	%		10.4	%			1.5	%	14.3	%
Adjusted return on average common equity (non-GAAP) ³	{b ÷ c}		12.3	%		11.4	%			0.9	%	7.9	%
Return on average tangible common equity (non-GAAP) ³	{a ÷ d}		13.4	%		11.9	%			1.5	%	12.3	%
Adjusted return on average tangible common equity (non-GAAP) ³	{b ÷ d}		13.8	%		13.0	%			0.8	%	6.0	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² The second quarter of FY25 includes a $13.6 million loss on the expected sale of the consumer lease portfolio recognized in other noninterest income and a $5.0 million release of provision, which resulted in a net pre-tax loss of $8.6 million. Net of taxes, at a tax rate of 23.84%, the total impact to net income was $6.6 million.
³ Ratios for the quarters and year-to-date are presented on an annualized basis.

Central Bancompany, Inc. and Subsidiaries
Selected Quarterly Reconciliation of non-GAAP Measures(unaudited)
		Q2			Q1			Q3			Q2			Q1
		FY25			FY25			FY24			FY24			FY24
		(dollars in thousands, except share and per share data)
Interest income (FTE), net interest income (FTE) and net interest margin (FTE)
Interest income		$	245,680		$	240,209		$	229,032		$	222,867		$	220,381
Add: Tax-equivalent adjustment ¹			1,542			1,581			1,364			1,466			1,661
Interest income (FTE) (non-GAAP)		$	247,222		$	241,790		$	230,396		$	224,333		$	222,042
Net interest income	{a}	$	195,057		$	189,273		$	174,671		$	166,310		$	163,933
Add: Tax-equivalent adjustment ¹			1,542			1,581			1,364			1,466			1,661
Net interest income (FTE) (non-GAAP)	{b}	$	196,599		$	190,854		$	176,035		$	167,776		$	165,594
Average interest-earning assets	{c}	$	18,350,707		$	18,303,676		$	17,762,733		$	17,859,277		$	18,016,631
Net interest margin ²	{a ÷ c}		4.26	%		4.19	%		3.91	%		3.75	%		3.66	%
Net interest margin (FTE) (non-GAAP) ²	{b ÷ c}		4.30	%		4.23	%		3.94	%		3.78	%		3.70	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² Ratios for the quarters and year-to-date are presented on an annualized basis.
Adjusted noninterest income, adjusted total revenue and adjusted fee income ratio
Noninterest income	{a}	$	50,065		$	58,788		$	50,486		$	78,811		$	57,048
Less: Loss on expected sale of consumer lease portfolio			(13,612	)		—			—			—			—
Less: Investment securities loss (gain)			—			109			(12,064	)		14,333			327
Adjusted noninterest income (non-GAAP)	{b}	$	63,677		$	58,679		$	62,550		$	64,478		$	56,721
Net interest income		$	195,057		$	189,273		$	174,671		$	166,310		$	163,933
Noninterest income			50,065			58,788			50,486			78,811			57,048
Total revenue	{c}		245,122			248,061			225,157			245,121			220,981
Less: Loss on expected sale of consumer lease portfolio			(13,612	)		—			—			—			—
Less: Investment securities loss (gain)			—			109			(12,064	)		14,333			327
Adjusted total revenue (non-GAAP)	{d}	$	258,734		$	247,952		$	237,221		$	230,788		$	220,654
Fee income ratio	{a ÷ c}		20.4	%		23.7	%		22.4	%		32.2	%		25.8	%
Adjusted fee income ratio (non-GAAP)	{b ÷ d}		24.6	%		23.7	%		26.4	%		27.9	%		25.7	%
Tangible noninterest expense, adjusted total revenue (FTE) and efficiency ratio (FTE)
Net interest income		$	195,057		$	189,273		$	174,671		$	166,310		$	163,933
Noninterest income			50,065			58,788			50,486			78,811			57,048
Total revenue	{a}		245,122			248,061			225,157			245,121			220,981
Less: Loss on expected sale of consumer lease portfolio			(13,612	)		—			—			—			—
Less: Investment securities loss (gain)			—			109			(12,064	)		14,333			327
Add: Tax equivalent adjustment ¹			1,542			1,581			1,364			1,466			1,661
Adjusted total revenue (FTE) (non-GAAP)	{b}	$	260,276		$	249,533		$	238,585		$	232,254		$	222,315
Noninterest expense	{c}	$	126,770		$	122,261		$	126,702		$	122,278		$	115,554
Less: Amortization of intangible assets			807			807			818			877			877
Tangible noninterest expense (non-GAAP)	{d}	$	125,963		$	121,454		$	125,884		$	121,401		$	114,677
Efficiency ratio	{c ÷ a}		51.7	%		49.3	%		56.3	%		49.9	%		52.3	%
Efficiency ratio (FTE) (non-GAAP)	{d ÷ b}		48.4	%		48.7	%		52.8	%		52.3	%		51.6	%
¹ Effective marginal tax rate of 23.84% used for all periods.
Adjusted net income and adjusted return on average total assets
Net income	{a}	$	91,365		$	94,798		$	72,620		$	91,901		$	79,404
Add: Loss on expected sale of consumer lease portfolio, net of provision and taxes ¹ ²			6,563			—			—			—			—
Add: Investment securities loss (gain), net of taxes ¹			—			(83	)		9,188			(10,916	)		(249	)
Adjusted net income (non-GAAP)	{b}	$	97,928		$	94,715		$	81,808		$	80,985		$	79,155
Average total assets	{c}	$	19,271,396		$	19,175,137		$	18,639,395		$	18,796,724		$	18,912,189
Return on average total assets ³	{a ÷ c}		1.90	%		2.00	%		1.55	%		1.97	%		1.69	%
Adjusted return on average total assets (non-GAAP) ³	{b ÷ c}		2.04	%		2.00	%		1.75	%		1.73	%		1.68	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² The second quarter of FY25 includes a $13.6 million loss on the expected sale of the consumer lease portfolio recognized in other noninterest income and a $5.0 million release of provision, which resulted in a net pre-tax loss of $8.6 million. Net of taxes, at a tax rate of 23.84%, the total impact to net income was $6.6 million.
³ Ratios for the quarters and year-to-date are presented on an annualized basis.
Tangible common equity, tangible book value per share and tangible common equity to tangible assets
Total stockholders' equity	{a}	$	3,173,329		$	3,243,627		$	3,083,377		$	2,917,251		$	2,815,844
Less: Goodwill and other intangible assets			353,277			354,083			355,705			356,524			357,401
Tangible common equity (non-GAAP)	{b}	$	2,820,052		$	2,889,544		$	2,727,672		$	2,560,727		$	2,458,443
Total shares of Class A common stock outstanding	{c}		220,665			220,735			221,052			221,262			221,276
Book value per share	{a ÷ c}	$	14.38		$	14.69		$	13.95		$	13.18		$	12.73
Tangible book value per share (non-GAAP)	{b ÷ c}	$	12.78		$	13.09		$	12.34		$	11.57		$	11.11
Total assets	{d}	$	19,080,430		$	19,584,460		$	18,611,659		$	18,689,479		$	19,070,082
Less: Goodwill and other intangible assets			353,277			354,083			355,705			356,524			357,401
Tangible assets (non-GAAP)	{e}	$	18,727,153		$	19,230,377		$	18,255,954		$	18,332,955		$	18,712,681
Total stockholders' equity to total assets	{a ÷ d}		16.6	%		16.6	%		16.6	%		15.6	%		14.8	%
Tangible common equity to tangible assets (non-GAAP)	{b ÷ e}		15.1	%		15.0	%		14.9	%		14.0	%		13.1	%
Tangible net income, adjusted tangible net income, average tangible common equity, adjusted return on average common equity, return on average tangible common equity and adjusted return on average tangible common equity
Net income	{a}	$	91,365		$	94,798		$	72,620		$	91,901		$	79,404
Add: Amortization of intangible assets, net of taxes ¹			615			615			623			668			668
Tangible net income (non-GAAP)			91,980			95,413			73,243			92,569			80,072
Add: Loss on expected sale of consumer lease portfolio, net of provision and taxes ¹ ²			6,563			—			—			—			—
Add: Investment securities loss (gain), net of taxes ¹			—			(83	)		9,188			(10,916	)		(249	)
Adjusted tangible net income (non-GAAP)	{b}	$	98,543		$	95,330		$	82,431		$	81,653		$	79,823
Average common equity	{c}	$	3,193,917		$	3,181,663		$	3,022,149		$	2,873,262		$	2,765,155
Less: Average goodwill and other intangible assets			353,803			354,612			356,242			357,092			357,970
Average tangible common equity (non-GAAP)	{d}	$	2,840,114		$	2,827,051		$	2,665,907		$	2,516,170		$	2,407,185
Return on average common equity ³	{a ÷ c}		11.5	%		12.1	%		9.6	%		12.9	%		11.5	%
Adjusted return on average common equity (non-GAAP) ³	{b ÷ c}		12.3	%		12.1	%		10.8	%		11.3	%		11.5	%
Return on average tangible common equity (non-GAAP) ³	{a ÷ d}		13.0	%		13.7	%		10.9	%		14.8	%		13.4	%
Adjusted return on average tangible common equity (non-GAAP) ³	{b ÷ d}		13.9	%		13.7	%		12.3	%		13.1	%		13.3	%
¹ Effective marginal tax rate of 23.84% used for all periods.
² The second quarter of FY25 includes a $13.6 million loss on the expected sale of the consumer lease portfolio recognized in other noninterest income and a $5.0 million release of provision, which resulted in a net pre-tax loss of $8.6 million. Net of taxes, at a tax rate of 23.84%, the total impact to net income was $6.6 million.
³ Ratios for the quarters and year-to-date are presented on an annualized basis.

FAQ

What did Central Bancompany (CBC) report for GAAP net income in full-year 2025?

Central Bancompany reported $390.9M in GAAP net income for full-year 2025, or $1.75 per diluted share.

How large were Central Bancompany's deposits and loans at December 31, 2025 (CBC)?

At December 31, 2025 Central Bancompany had total deposits of $15.9B and total loans held for investment of $11.4B.

What was Central Bancompany's capital position (CET1) after 2025 results for CBC?

Central Bancompany's consolidated CET1 ratio was 28.1% at December 31, 2025, about $1.8B above its 13.5% long-term target.

Did Central Bancompany's profitability metrics improve in 2025 (CBC)?

Yes; ROAA improved to 2.03% for 2025 and the adjusted efficiency ratio improved to 47.9% versus 51.7% in 2024.

Were there any asset-quality trends investors should note for Central Bancompany (CBC)?

Delinquent loans increased to 32 bps of loans held for investment at year-end 2025, and nonperforming loans were $46.0M (40 bps).

How did Central Bancompany's net interest income and NIM perform in Q4 2025 (CBC)?

Net interest income for Q4 2025 was $206.5M with a GAAP net interest margin of 4.38% (4.41% on an FTE basis).