Commercial Bancgroup, Inc. Announces Results for the Second Quarter 2026

Rhea-AI Summary

Commercial Bancgroup (NASDAQ: CBK) reported second quarter 2026 net income of $10.2 million, or $0.75 per share, up from $8.9 million or $0.73 a year earlier. Core net income matched reported results. Quarterly ROAA was 1.78% and ROAE was 13.73%.

Net interest margin rose to 4.06%, up 18 bps from Q1 2026. Loans grew 2.6% sequentially and 8.3% year over year to $1.94 billion. Total assets reached $2.38 billion, while deposits were $1.87 billion, up 1.2% year over year.

Book value per share increased to $22.09 and tangible book to $21.28 at June 30, 2026, both up strongly from a year earlier. Asset quality metrics remained solid with 0.00% net charge-offs and nonperforming assets at 0.31% of total assets. Regulatory capital ratios significantly exceeded well-capitalized thresholds.

Positive

• Q2 2026 net income $10.2 million, up from $8.9 million in Q2 2025
• Net interest margin 4.06% in Q2 2026, up 18 bps sequentially
• Loans outstanding $1.94 billion, up 8.3% year over year
• Book value per share $22.09 vs. $19.22 a year earlier
• Core efficiency ratio improved to 44.99% in Q2 2026
• Net charge-offs 0.00% of average loans; NPAs 0.31% of assets

Negative

• Year-to-date ROAE declined to 13.48% from 15.71% a year earlier
• Allowance for credit losses to total loans decreased to 0.96% from 1.00% year over year
• Nonperforming assets to total assets increased slightly to 0.31% from 0.30% year over year

News Explained

The release reports Commercial Bancgroup’s common shares outstanding at 13,701,270 on June 30, 2026, versus 12,239,644 on June 30, 2025, and says its October 2025 IPO’s financial effects appear from the fourth quarter. If the increase reflects newly issued shares, the dilution definition means existing holders’ percentage ownership was reduced.

Market reaction after 2Q26 earnings report: CBK +3.31% in the Jul 28 session

+3.31%

5 alerts

+3.31% Session close to close

$480.83M Market Cap

0.0x Rel. Volume

In the Jul 28 session, CBK gained 3.31%, reflecting a moderate positive market reaction. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Philip J. Metheny purchased 3,300 shares in the recent insider record, adding an ownership signal to...

Analysis

Philip J. Metheny purchased 3,300 shares in the recent insider record, adding an ownership signal to this earnings review. Historical earnings responses were mixed, while low short positioning remained a relevant risk context.

Key Figures

Net income: $10.2 million Earnings per share: $0.75 per common share Net interest margin: 4.06% +5 more

8 metrics

Net income $10.2 million Q2 2026 vs. $8.9 million in Q2 2025

Earnings per share $0.75 per common share Q2 2026 vs. $0.73 in Q2 2025

Net interest margin 4.06% Q2 2026, up 18 basis points from Q1 2026

Loans outstanding $1.9 billion June 30, 2026; up $149.0 million or 8.3% year over year

Return on average assets 1.78% Q2 2026

Income before income taxes $12.9 million Q2 2026; up 11.6% year over year

Total risk-based capital ratio 14.0% June 30, 2026; exceeded minimum well-capitalized requirements

Nonperforming assets to total assets 0.31% June 30, 2026 vs. 0.30% on June 30, 2025

Previous Earnings Reports

3 past events · Latest: Apr 27 (Positive)

Same Type Pattern 3 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 27	First-quarter earnings	Positive	+0.2%	Q1 earnings showed higher net income, stronger profitability, and improved tangible book value.
Jan 26	Fourth-quarter earnings	Positive	-0.2%	Q4 earnings included higher annual income, debt redemption, and improved operating efficiency.
Oct 27	Third-quarter earnings	Positive	-1.6%	Q3 earnings reported income growth, IPO completion, and improved efficiency alongside deposit and loan changes.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

CBK's earnings announcements produced one positive reaction and two negative reactions in the tag-specific history.

Key Terms

roaa, roae, roatce, net interest margin

4 terms

roaa financial

"Return on average assets ("ROAA") of 1.78%"

Return on Average Assets (ROAA) measures how efficiently a company turns its assets into profit by dividing net profit over a period by the average total assets it held during that period. It matters to investors because it shows whether a business is getting a good return from what it owns—like judging a car’s fuel efficiency by miles per gallon—helping compare profitability across companies of different sizes.

roae financial

"Return on average equity ("ROAE") of 13.73%"

ROAE stands for Return on Average Equity, a profitability ratio that shows how much net income a company generates for its owners relative to the average amount of shareholder equity invested over a period. It’s like measuring the interest rate a business pays its owners on the capital they’ve left in the company, with the ‘average’ smoothing out swings in equity during the year. Investors use ROAE to compare how efficiently different companies turn owner capital into profits and to assess management’s ability to deliver returns over time.

roatce financial

"Return on average tangible common equity ("ROATCE") of 14.26%"

Return on Average Tangible Common Equity (ROATCE) measures how much profit a company generates from the average amount of its core, tangible shareholder capital—excluding items like goodwill and other intangibles—over a period. Investors use it like a fuel-efficiency gauge for a business: it shows how effectively the company's real, hard capital is being turned into earnings, helping compare profitability across firms or track whether returns on investor capital are improving or slipping.

net interest margin financial

"Net interest margin of 4.06%, an increase of 18 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HARROGATE, TN / ACCESS Newswire / July 27, 2026 / Commercial Bancgroup, Inc. ("Commercial" or the "Company") (NASDAQ:CBK), the parent company of Commercial Bank (the "Bank"), today announced net income of $10.2 million, or $0.75 per common share, for the second quarter of 2026, compared to net income of $8.9 million, or $0.73 per common share, for the second quarter of 2025. Core (net of any one-time adjustments) net income was $10.2 million, or $0.75 per common share, for the second quarter of 2026, compared to core net income of $9.1 million, or $0.75 per common share, for the second quarter of 2025.

Prior to Commercial's initial public offering ("IPO") of its common stock in October 2025, Commercial had three classes of common stock outstanding: common stock, Class B common stock, and Class C common stock. On September 18, 2025, Commercial's charter was amended and restated. The Company's amended and restated charter provided for, among other things:

• effective upon the filing of the amended and restated charter, the reclassification and conversion of (i) each outstanding share of Class B common stock into 1.15 shares of common stock and (ii) each outstanding share of Class C common stock into 1.05 shares of common stock (collectively, the "Stock Reclassification"); and

• effective immediately following the Stock Reclassification, a 250-for-1 forward stock split in respect of the outstanding shares of our common stock (the "Stock Split").

Our financial statements, including earnings per share and book value per share, reflect the stock Reclassification and Stock Split retroactively. Because the IPO occurred after September 30, 2025, the financial impacts of the IPO are reflected for the fourth quarter of 2025 in the financial statements presented in this press release.

Second Quarter 2026 Performance Highlights:

• Net income of $10.2 million or $0.75 per common share; Core net income of $10.2 million or $0.75 per common share (see non-GAAP reconciliation)

• Return on average assets ("ROAA") of 1.78%; Core ROAA of 1.78% (see non-GAAP reconciliation)

• Return on average equity ("ROAE") of 13.73%; Core ROAE of 13.73% (see non-GAAP reconciliation)

• Return on average tangible common equity ("ROATCE") of 14.26%; Core ROATCE of 14.26% (see non-GAAP reconciliation)

• Net interest margin of 4.06%, an increase of 18 basis points from the first quarter of 2026

• Core efficiency ratio of 44.99% (see non-GAAP reconciliation)

• Loans outstanding net of deferred fees and discounts increased $48.4 million during the quarter, or 2.6% from the first quarter of 2026

• Book value per share increased $0.66, or 3.1%, to $22.09 and tangible book value per share increased $0.68, or 3.3%, to $21.28 at June 30, 2026 from $21.43 and $20.60, respectively, at March 31, 2026 (see non-GAAP reconciliation)

• Net charge-offs to average loans of 0.00% and nonperforming assets to total assets of 0.31%

Year-To-Date Highlights:

• Net income of $19.8 million or $1.44 per common share for the six months ended June 30, 2026, compared to $17.6 million or $1.44 per common share for the six months ended June 30, 2025

• ROAA of 1.72% for the six months ended June 30, 2026, compared to 1.55% for the six months ended June 30, 2025

• ROAE of 13.48% for the six months ended June 30, 2026, compared to 15.71% for the six months ended June 30, 2025

• Total operating revenue of $47.2 million for the six months ended June 30, 2026, compared to $44.1 million for the six months ended June 30, 2025

• Non-interest expense of $22.0 million for the six months ended June 30, 2026, compared to $21.3 million for the six months ended June 30, 2025

• Book value per share of $22.09 as of June 30, 2026, compared to $19.22 as of June 30, 2025

• Tangible book value per share of $21.28 as of June 30, 2026, compared to $18.22 as of June 30, 2025 (see non-GAAP reconciliation)

• Core efficiency ratio of 45.2% for the six months ended June 30, 2026, compared to 47.7% for the six months ended June 30, 2025 (see non-GAAP reconciliation)

Balance Sheet Trends

Total assets were $2.4 billion as of June 30, 2026, compared to $2.3 billion as of June 30, 2025.

Loans outstanding net of deferred fees and discounts were $1.9 billion as of June 30, 2026, an increase of $149.0 million, or 8.3%, from June 30, 2025.

As of June 30, 2026, the Bank exceeded the minimum requirements to be well-capitalized for bank regulatory purposes, with a total risk-based capital ratio of 14.0%, a Tier 1 risk-based capital ratio of 13.0%, a common equity Tier 1 capital ratio of 13.0%, and a Tier 1 leverage ratio of 11.6%.

Total deposits were $1.9 billion as of June 30, 2026, an increase of $21.9 million, or 1.2%, from June 30, 2025.

Noninterest bearing demand deposits increased $12.7 million, or 3.0%, to $428.4 million as of June 30, 2026, from $415.7 million as of June 30, 2025.

Non-brokered deposits were $1.8 billion as of June 30, 2026, an increase of $91.8 million, or 5.3%, from June 30, 2025. This increase was primarily driven by normal customer business cycles and deposit growth.

Asset quality declined slightly with nonperforming assets to total assets of 0.31% as of June 30, 2026 as compared to 0.30% as of June 30, 2025. The allowance for credit losses to total loans decreased to 0.96% as of June 30, 2026 from 1.00% as of June 30, 2025.

Net Income Before Income Taxes

Net income before income taxes was $12.9 million for the three months ended June 30, 2026, an increase of $1.3 million, or 11.6%, from the three months ended June 30, 2025. The increase was primarily the result of an increase in net interest income after provision for credit losses of $1.1 million or 5.3% and an increase in non-interest income of $0.4 million or 19.2%. These increases were offset by an increase of noninterest expense of $0.1 million or 1.4%.

Non-Interest Income

Non-interest income was $2.7 million for the three months ended June 30, 2026, an increase of $0.4 million, or 19.2%, as compared to the three months ended June 30, 2025. This increase was primarily due to an increase in customer service and ATM fees.

About Commercial Bancgroup, Inc.

Commercial Bancgroup, Inc. is a bank holding company headquartered in Harrogate, Tennessee. Through our wholly owned subsidiary, Commercial Bank, a Tennessee state-chartered bank, we offer a suite of traditional consumer and commercial banking products and services to businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee. More information about Commercial can be found on its website at www.cbtn.com.

Commercial Bancgroup, Inc.
Financial Tables

Financial Highlights (Unaudited)																				Table 1A
		For the Three Months Ended															As of and for the Six Months Ended
(dollars in thousands except per share amounts)		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Selected Operating Data:
Interest and Dividend Income		$	30,154		$	29,463		$	29,958		$	30,021		$	30,859		$	59,617		$	61,625
Interest Expense			8,639			8,985			9,148			9,799			10,800			17,624			22,226
Net Interest Income			21,515			20,478			20,810			20,222			20,059			41,993			39,399
Provision for Credit Losses			399			122			463			-			-			521			-
Net Interest Income After
Provision for Credit Losses			21,116			20,356			20,347			20,222			20,059			41,472			39,399
Noninterest Income			2,650			2,591			2,667			2,626			2,224			5,241			4,667
Noninterest Expense			10,872			11,087			10,623			10,552			10,725			21,959			21,306
Income Before Income Taxes			12,894			11,860			12,391			12,296			11,558			24,754			22,760
Provision for Income Taxes			2,678			2,326			2,224			2,829			2,658			5,004			5,168
Net Income			10,216			9,534			10,167			9,467			8,900			19,750			17,592
Less: Net Income Attributable to Noncontrolling Interest			-			-			-			-			-			-			-
Net Income attributable to Commercial Bancgroup, Inc.			10,216			9,534			10,167			9,467			8,900			19,750			17,592
Add: Non-recurring Expense Net of Taxes			-			470			-			-			226			470			231
Core Net Income (1)			10,216			10,004			10,167			9,467			9,126			20,220			17,823

(1) Considered non-GAAP financial measure - See "Non-GAAP Financial Measures" and reconciliation of non-GAAP financial measures at table 10

Financial Highlights (Unaudited)

		For the Three Months Ended															As of and for the Six Months Ended
		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Share and Per Share Data:
Basic earnings per share		$	0.75		$	0.70		$	0.74		$	0.77		$	0.73		$	1.44		$	1.44
Diluted earnings per share		$	0.74		$	0.70		$	0.74		$	0.77		$	0.73		$	1.44		$	1.44
Core (net of any one-time
adjustments) net income per
share (1)		$	0.75		$	0.73		$	0.74		$	0.77		$	0.75		$	1.48		$	1.46
Book value per share		$	22.09		$	21.43		$	20.83		$	20.03		$	19.22		$	22.09		$	19.22
Tangible book value
per share (1)		$	21.28		$	20.60		$	19.98		$	19.05		$	18.22		$	21.28		$	18.22
Shares of common stock
outstanding			13,701,270			13,697,987			13,697,987			12,239,644			12,239,644			13,701,270			12,239,644
Weighted average common
shares outstanding			13,700,296			13,697,987			13,697,987			12,239,644			12,239,644			13,699,148			12,188,624
Weighted average diluted shares
outstanding			13,722,727			13,712,162			13,704,030			12,240,568			12,239,644			13,721,579			12,188,624

(1) Considered non-GAAP financial measure - See "Non-GAAP Financial Measures" and reconciliation of non-GAAP financial measures at table 10

Financial Highlights (Unaudited)

		As of and for the Three Months Ended															As of and for the Six Months Ended
(dollars in thousands)		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Selected Balance Sheet Data:
Total assets		$	2,376,584		$	2,328,789		$	2,291,455		$	2,214,408		$	2,262,511		$	2,376,584		$	2,262,511
Securities available-for-sale at
fair value			38,553			42,175			43,137			29,556			30,113			38,553			30,113
Securities held-to-maturity, at
carrying value, net of
allowance for credit losses			94,343			96,387			97,728			131,915			157,452			94,343			157,452
Loans outstanding net of
deferred fees and discounts			1,940,536			1,892,174			1,873,533			1,767,193			1,791,516			1,940,536			1,791,516
Allowance for credit losses			18,722			18,329			18,096			17,942			17,989			18,722			17,989
Goodwill and other intangible
assets			12,012			12,392			12,767			13,149			13,546			12,012			13,546
Total deposits			1,873,172			1,892,217			1,815,734			1,780,634			1,851,248			1,873,172			1,851,248
Core deposits (1)			1,709,887			1,744,967			1,663,931			1,630,897			1,628,181			1,709,887			1,628,181
Other borrowings			175,817			118,248			166,838			162,760			148,509			175,817			148,509
Total Shareholders' equity			302,618			293,518			285,344			245,153			235,268			302,618			235,268

(1) Considered non-GAAP financial measure - See "Non-GAAP Financial Measures" and reconciliation of non-GAAP financial measures at table 10

Financial Highlights (unaudited)																				Table 1B
		As of and for the Three Months Ended															As of and for the Six Months Ended
(dollars in thousands)		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Performance Ratios:
Pre-tax pre-provision net income
(PPNI) (1)		$	13,293		$	11,982		$	12,854		$	12,296		$	11,558		$	25,275		$	22,760
Return on average assets (ROAA)			1.78			1.66			1.81			1.74			1.57			1.72			1.55
Return on average equity (ROAE)			13.73			13.22			15.46			15.81			15.57			13.48			15.71
Core return on average assets
(ROAA)(1)			1.78			1.74			1.81			1.74			1.62			1.76			1.57
Return on average tangible common equity (ROATCE) (1)
equity (ROATCE) (1)			14.26			13.76			16.40			16.65			16.43			14.02			16.94
Net interest rate spread			3.44			3.27			3.34			3.32			3.11			3.35			3.07
Net interest margin			4.06			3.88			4.01			4.02			3.84			3.97			3.73
Cost of Funds			1.75			1.82			1.88			2.07			2.18			1.78			2.21
Efficiency ratio			44.99			48.06			45.25			46.18			48.13			46.49			48.35
CORE efficiency ratio (1)			44.99			45.45			45.25			46.18			46.78			45.21			47.65
Noninterest income to average assets			0.46			0.45			0.47			0.48			0.39			0.46			0.41
Noninterest expense to average assets			1.89			1.93			1.87			1.94			1.91			1.91			1.88
Average interest-earning assets to
average interest-bearing liabilities			1.38			1.36			1.38			1.36			1.31			1.37			1.31
Average equity to average total assets			0.13			0.13			0.12			0.11			0.10			0.13			0.10

(1) Considered non-GAAP financial measure - See "Non-GAAP Financial Measures" and reconciliation of non-GAAP financial measures at table 10

Financial Highlights (unaudited)
		As of and for the Three Months Ended															As of and for the Six Months Ended
		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Asset Quality Data:
Net charge-offs to average loans			0.00	%		0.01	%		0.01	%		0.00	%		0.01	%		-0.01	%		0.01	%
Total allowance for credit losses
to total loans			0.96	%		0.97	%		0.97	%		1.02	%		1.00	%		0.96	%		1.00	%
Total allowance for credit losses
to nonperforming loans			281	%		313	%		290	%		333	%		307	%		281	%		307	%
Nonperforming loans to gross
loans			0.34	%		0.31	%		0.33	%		0.31	%		0.33	%		0.34	%		0.33	%
Nonperforming assets to total
assets			0.31	%		0.28	%		0.28	%		0.27	%		0.30	%		0.31	%		0.30	%

Financial Highlights (Unaudited)

		As of and for the Three Months Ended															As of and for the Six Months Ended
		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Balance Sheet and Capital Ratios (Commercial Bancgroup, Inc.):
Loan-to-deposit ratio			102.60	%		99.03	%		102.19	%		98.24	%		95.80	%		102.60	%		95.80	%
Noninterest bearing deposits to
total deposits			22.87	%		21.22	%		21.91	%		22.39	%		22.53	%		22.87	%		22.53	%
Total shareholders' equity to total
assets			12.73	%		12.60	%		12.45	%		11.07	%		10.40	%		12.73	%		10.40	%
Tangible common equity to
tangible assets (1)			12.33	%		12.18	%		12.01	%		10.59	%		9.92	%		12.33	%		9.92	%
Tier 1 leverage ratio			12.70	%		12.32	%		12.19	%		11.03	%		10.22	%		12.70	%		10.22	%
Common equity tier 1 ratio			14.55	%		14.73	%		14.99	%		12.83	%		12.26	%		14.55	%		12.26	%
Total risk-based capital ratio			15.48	%		15.68	%		15.96	%		14.12	%		13.55	%		15.48	%		13.55	%
Other
Number of branches			34			34			34			34			34			34			34
Number of full-time equivalent
employees			293			287			287			287			289			293			289

(1) Considered non-GAAP financial measure - See "Non-GAAP Financial Measures" and reconciliation of non-GAAP financial measures at table 10

Quarter End Balance Sheets (unaudited)																		Table 2
(dollars in thousands)		June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025				June 30, 2025
Assets
Cash and due from banks		$	161,327			$	151,610			$	118,989			$	122,945			$	108,501
Federal funds sold			8,787				16,784				25,329				31,841				42,782
Investment securities			132,896				138,562				140,865				161,471				187,565
Gross loans less deferred fees and discounts			1,940,536				1,892,174				1,873,533				1,767,193				1,791,516
Allowance for credit losses			(18,722	)			(18,329	)			(18,096	)			(17,942	)			(17,989	)
Loans, net of allowance for credit losses			1,921,813				1,873,845				1,855,437				1,749,251				1,773,527
Premises and equipment, net			50,145				49,445				49,765				50,268				50,337
Foreclosed assets held for sale, net			755				575				253				533				861
Bank owned life insurance			46,619				46,469				46,648				46,482				46,480
Goodwill and other intangible assets			12,012				12,392				12,767				13,149				13,546
Deferred tax asset			1,076				1,056				1,003				1,427				1,029
Other			41,153				38,049				40,399				37,041				37,883
Total Assets		$	2,376,584			$	2,328,789			$	2,291,455			$	2,214,408			$	2,262,511
Liabilities and Shareholders' Equity
Liabilities
Deposits
Demand			942,633				973,678				913,986				928,958				926,886
Savings, NOW and money market			413,904				415,132				414,716				382,002				382,788
Time			516,635				503,408				487,032				469,674				541,574
Total deposits			1,873,172				1,892,217				1,815,734				1,780,634				1,851,248
Short-term borrowings			102,570				45,068				88,251				62,663				46,300
Long-term debt			73,247				73,181				78,587				100,097				102,209
Interest Payable			2,575				2,644				2,962				3,410				4,545
Other Liabilities			22,402				22,161				20,576				22,451				22,941
Total Liabilities			2,073,966				2,035,271				2,006,110				1,969,255				2,027,243
Shareholders' Equity
Common stock			137				137				137				122				122
Additional paid-in capital			38,683				38,536				38,377				8,406				8,406
Retained earnings			264,515				255,670				247,505				237,366				227,900
Accumulated other comprehensive loss			(717	)			(825	)			(675	)			(741	)			(1,160	)
Total Shareholders' equity			302,618				293,518				285,344				245,153				235,268
Total liabilities and shareholders' equity		$	2,376,584			$	2,328,789			$	2,291,454			$	2,214,408			$	2,262,511

Statement of Operations (unaudited)																				Table 3
		For the Three Months Ended															As of and for the Six Months Ended
(dollars in thousands)		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Interest and Dividend Income
Loans, including fees		$	28,396		$	27,675		$	27,866		$	28,074		$	28,432		$	56,071		$	56,362
Debt securities-taxable			832			838			739			929			1,070			1,670			2,045
Debt securities-tax-exempt			109			114			114			102			116			223			226
Dividends on restricted stock			151			147			157			156			148			298			308
Interest-bearing deposits			666			689			1,082			760			1,093			1,355			2,684
Total interest and dividend income			30,154			29,463			29,958			30,021			30,859			59,617			61,625
Interest expense
Deposits			8,032			8,315			8,441			8,654			9,717			16,347			20,011
Short-term borrowings			40			47			18			55			44			87			75
Long-term debt			567			623			689			1,090			1,039			1,190			2,140
Total interest expense			8,639			8,985			9,148			9,799			10,800			17,624			22,226
Net interest income			21,515			20,478			20,810			20,222			20,059			41,993			39,399
Provision for credit losses			399			122			463			-			-			521			-
Net interest income after provision for credit losses			21,116			20,356			20,347			20,222			20,059			41,472			39,399
Noninterest Income
Customer service fees			774			781			779			735			674			1,555			1,329
Net gains on sales of premises and equipment			30			-			44			20			32			30			4
Net gains on sales of foreclosed assets			-			107			48			110			-			107			3
ATM fees			977			854			877			846			892			1,831			1,691
Increase in BOLI			315			312			342			306			336			627			644
Other			554			537			577			609			290			1,091			996
Total noninterest income			2,650			2,591			2,667			2,626			2,224			5,241			4,667
Noninterest Expense
Salaries and employee benefits		$	5,683		$	5,716		$	5,753		$	5,729		$	5,657		$	11,399		$	11,283
Occupancy			856			843			877			738			916			1,699			1,791
Data processing			1,099			1,101			1,068			1,103			1,151			2,200			2,358
Deposit insurance premiums			202			242			234			267			245			444			471
Professional fees			440			209			229			136			286			649			481
Depreciation and amortization			942			933			1,001			955			803			1,875			1,751
Other			1,650			1,440			1,461			1,624			1,667			3,090			3,171
Loss on retirement of debt			-			603			-			-			-			603			-
Total noninterest expense			10,872			11,087			10,623			10,552			10,725			21,959			21,306
Income before income taxes			12,894			11,860			12,391			12,296			11,558			24,754			22,760
Provision for income taxes			2,678			2,326			2,224			2,829			2,658			5,004			5,168
Net Income			10,216			9,534			10,167			9,467			8,900			19,750			17,592
Less: Net Income Attributable to Noncontrolling Interest			-			-			-			-			-			-			-
Net Income attributable to Commercial Bancgroup, Inc.		$	10,216		$	9,534		$	10,167		$	9,467		$	8,900		$	19,750		$	17,592

QTD Average Balances and Yields/Rates (unaudited)

		Table 4
		Three Months Ended
(dollars in thousands)		June 30, 2026									March 31, 2026									December 31, 2025
		Average Balance			Interest			Yield/ Rate			Average Balance			Interest			Yield/ Rate			Average Balance			Interest			Yield/ Rate
Interest Earning Assets
Gross loans, net of unearned
income		$	1,902,119		$	28,396			6.0	%	$	1,883,103		$	27,675			5.9	%	$	1,807,127		$	27,866			6.2	%
Investment securities			138,726			1,092			3.1	%		140,223			1,099			3.1	%		152,782			1,010			2.6	%
Other interest-earning assets			77,015			666			3.5	%		85,953			689			3.2	%		116,517			1,082			3.7	%
Total interest-earning assets			2,117,860			30,154			5.7	%		2,109,279			29,463			5.6	%		2,076,426			29,958			5.8	%
Noninterest-earning assets:
Allowance for credit losses			(18,497	)								(18,283	)								(17,954	)
Noninterest-earning assets			202,388									205,119									190,810
Total Assets			2,301,751									2,296,115									2,249,282
Interest-bearing liabilities:
Interest-bearing DDAs			540,531			2,501			1.9	%		575,981			2,809			2.0	%		518,495			2,647			2.0	%
NOW, savings and MMDA deposits			417,468			1,415			1.4	%		412,533			1,425			1.4	%		427,419			1,585			1.5	%
Time Deposits			494,379			4,116			3.3	%		479,804			4,081			3.4	%		475,972			4,209			3.5	%
Federal Home Loan bank advances			60,270			452			3.0	%		60,522			467			3.1	%		60,781			444			2.9	%
Other borrowings			18,050			155			3.4	%		20,355			203			4.0	%		24,953			263			4.2	%
Total interest-bearing liabilities			1,530,698			8,639			2.3	%		1,549,195			8,985			2.3	%		1,507,620			9,148			2.4	%
Noninterest bearing liabilities:
Noninterest bearing deposits			444,701									430,842									434,578
Other liabilities			28,723									27,593									47,299
Total noninterest bearing liabilities			473,424									458,435									481,877
Shareholders' equity			297,631									288,485									259,785
Total liabilities and shareholders's
equity			2,301,753									2,296,115									2,249,282
Net interest income						21,515									20,478									20,810
Net interest spread									3.44	%								3.27	%								3.40	%
Net interest margin									4.06	%								3.88	%								4.01	%
Cost interest bearing deposits									1.69	%								1.75	%								1.82	%
Cost of funds									1.75	%								1.82	%								1.88	%

YTD Average Balances and Yields/Rates (unaudited)

		Table 5
		Six Months Ended
		June 30, 2026												June 30, 2025
(dollars in thousands)		Average Balance				Interest				Yield/ Rate				Average Balance				Interest				Yield/ Rate
Interest Earning Assets
Gross loans, net of unearned
income			1,892,611				56,071				5.9	%			1,795,846				56,362				6.3	%
Investment securities			139,475				2,191				3.1	%			186,623				2,579				2.8	%
Other interest-earning assets			81,484				1,355				3.3	%			128,525				2,684				4.2	%
Total interest-earning assets			2,113,570				59,617				5.6	%			2,110,994				61,625				5.8	%
Noninterest-earning assets:
Allowance for credit losses			(18,390	)											(18,242	)
Noninterest-earning assets			203,754												176,107
Total Assets			2,298,934												2,268,859
Interest-bearing liabilities:
Interest-bearing DDAs			558,256				5,310				1.9	%			552,539				6,277				2.3	%
NOW, savings and MMDA deposits			415,001				2,840				1.4	%			388,331				2,922				1.5	%
Time Deposits			487,092				8,197				3.4	%			557,517				10,813				3.9	%
Federal Home Loan bank advances			60,396				919				3.0	%			63,534				74				0.2	%
Other borrowings			19,203				358				3.7	%			44,774				2,140				9.6	%
Total interest-bearing liabilities			1,539,948				17,624				2.3	%			1,606,695				22,226				2.8	%
Noninterest bearing liabilities:
Noninterest bearing deposits			437,772												401,935
Other liabilities			28,158												36,319
Total noninterest bearing liabilities			465,930												438,254
Shareholders' equity			293,058												223,912
Total liabilities and shareholders's
equity			2,298,936												2,268,861
Net interest income							41,993												39,399
Net interest spread											3.35	%											3.07	%
Net interest margin											3.97	%											3.73	%
Cost of total deposits											1.72	%											2.11	%
Cost of total funding											1.78	%											2.21	%

Loan Data (unaudited)

		Table 6
		As of Quarter Ended
		June 30, 2026						March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025
(dollars in thousands)		Amount			% of Total			Amount			% of Total			Amount			% of Total			Amount			% of Total			Amount			% of Total
Real Estate Loans
Commercial		$	1,140,480			59	%	$	1,114,516			59	%	$	1,113,440			59	%	$	1,002,192			57	%	$	1,016,229			57	%
Construction and land
development			201,781			10	%		195,189			10	%		176,688			9	%		201,399			11	%		189,187			11	%
Residential			387,142			20	%		383,346			20	%		377,943			20	%		376,769			21	%		376,442			21	%
Other			18,336			1	%		14,511			1	%		14,824			1	%		14,831			1	%		15,290			1	%
Commercial			179,935			9	%		171,029			9	%		174,248			9	%		154,732			9	%		178,832			10	%
Consumer and other			19,535			1	%		19,497			1	%		22,867			1	%		23,651			1	%		22,408			1	%
Total loans			1,947,209			100	%		1,898,088			100	%		1,880,010			100	%		1,773,574			100	%		1,798,388			100	%
Deferred loan fees
and discounts			6,673						5,914						6,477						6,381						6,872
Allowance for credit
Losses			18,722						18,329						18,096						17,942						17,989
Loans, net			1,921,813						1,873,845						1,855,437						1,749,251						1,773,527

Nonperforming Assets (Unaudited)		Table 7
		As of the Quarter Ended
(dollars in thousands)		June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025				June 30, 2025
Nonaccrual loans		$	6,661			$	5,861			$	6,245			$	5,390			$	5,846
Past due loans 90 days and still
accruing			-				-				-				-				6
Total nonperforming loans			6,661				5,861				6,245				5,390				5,852
Other real estate owned			755				575				253				533				861
Total nonperforming assets		$	7,416			$	6,436			$	6,498			$	5,923			$	6,713
Allowance for credit losses		$	18,722			$	18,329			$	18,096			$	17,942			$	17,989
Total loans outstanding at end of
period net of deferred loan fees
and discounts		$	1,940,536			$	1,892,174			$	1,873,533			$	1,767,193			$	1,791,516
Nonperforming loans to total loans			0.34	%			0.31	%			0.33	%			0.31	%			0.33	%
Nonperforming assets to total loans
and OREO			0.38	%			0.34	%			0.35	%			0.34	%			0.37	%
Allowance for credit losses to
nonperforming loans			281	%			313	%			290	%			333	%			307	%
Allowance for credit losses to total
loans			0.96	%			0.97	%			0.97	%			1.02	%			1.00	%
Nonaccrual loans to total assets			0.28	%			0.25	%			0.27	%			0.24	%			0.26	%
Nonperforming assets to total assets			0.31	%			0.28	%			0.28	%			0.27	%			0.30	%

Allowance for credit losses (unaudited)																	Table 8
		As of and for the Three Months Ended															As of and for the Six Months Ended
(dollars in thousands)		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Average loans outstanding		$	1,902,136		$	1,883,103		$	1,807,127		$	1,767,379		$	1,794,477		$	1,892,611		$	1,795,846
Total loans outstanding at end of
period net of deferred loan fees
and discounts			1,940,536			1,892,174			1,873,533			1,767,193			1,791,516			1,940,536			1,791,516
ACL balance, beginning of
period			18,329			18,096			17,942			17,989			18,109			18,096			18,205
Charge-offs:
Commercial real estate			-			-			(284	)		-			(18	)		-			(18	)
Construction and land development			-			-			-			-			-			-			-
Residential real estate			-			-			-			-			(121	)		-			(121	)
Commercial			-			-			(48	)		-			-			-			(314	)
Consumer and other			(18	)		(15	)		(13	)		(186	)		(34	)		(33	)		(51	)
Total charge-offs			(18	)		(15	)		(345	)		(186	)		(173	)		(33	)		(504	)
Recoveries:
Commercial real estate			-			114			-			108			33			114			43
Construction and land																		-
development			-			-			-			-			-			-			202
Residential real estate			1			-			20			26			2			1			18
Commercial			1			1			7			1			3			2			3
Consumer and other			5			11			56			4			15			16			22
Total recoveries			7			126			83			139			53			133			288
Net (charge-offs) recoveries			(11	)		111			(262	)		(47	)		(120	)		100			(216	)
Provision for credit losses			404			122			416			-			-			526			-
ACL balance at end of period		$	18,722		$	18,329		$	18,096		$	17,942		$	17,989		$	18,722		$	17,989
Ratio of allowance to end of
period loans			0.96	%		0.97	%		0.97	%		1.02	%		1.00	%		0.96	%		1.00	%
Ratio of net (charge-offs)
recoveries to average loans			0.00	%		0.01	%		-0.01	%		0.00	%		-0.01	%		0.01	%		-0.01	%

Loan Risk Ratings (Unaudited)		Table 9
		As of the Quarter Ended
(dollars in thousands)		June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025				June 30, 2025
Real Estate Loans
Commercial
Pass		$	1,131,324			$	1,105,529			$	1,104,532			$	999,788			$	1,012,190
Special mention			8,835				8,897				8,814				1,776				2,515
Substandard			321				90				94				628				1,524
Total Commercial		$	1,140,480			$	1,114,516			$	1,113,440			$	1,002,192			$	1,016,229
Construction and land development
Pass		$	201,389			$	194,983			$	176,014			$	201,363			$	189,149
Special mention			359				171				78				-				-
Substandard			32				35				596				36				38
Total Construction and land
development		$	201,781			$	195,189			$	176,688			$	201,399			$	189,187
Residential
Pass		$	380,157			$	377,179			$	371,583			$	371,226			$	371,353
Special mention			631				545				833				838				849
Substandard			6,354				5,622				5,527				4,705				4,240
Total Residential		$	387,142			$	383,346			$	377,943			$	376,769			$	376,442
Other
Pass		$	18,336			$	14,511			$	14,824			$	14,831			$	15,290
Special mention			-				-				-				-				-
Substandard			-				-				-				-				-
Total Other		$	18,336			$	14,511			$	14,824			$	14,831			$	15,290
Commercial
Pass		$	179,002			$	170,093			$	173,324			$	153,819			$	177,969
Special mention			685				701				793				733				747
Substandard			248				235				131				180				116
Total Commercial		$	179,934			$	171,029			$	174,248			$	154,732			$	178,832
Consumer and Other
Pass		$	19,423			$	19,399			$	22,768			$	23,616			$	22,367
Special mention			34				44				21				5				6
Substandard			78				54				79				30				36
Total Consumer		$	19,535			$	19,497			$	22,868			$	23,651			$	22,409
Total loans
Pass		$	1,929,632			$	1,881,694			$	1,863,045			$	1,764,643			$	1,788,318
Special mention			10,543				10,358				10,539				3,352				4,117
Substandard			7,034				6,036				6,427				5,579				5,954
Total Gross loans		$	1,947,209			$	1,898,088			$	1,880,011			$	1,773,574			$	1,798,389

Non-GAAP Financial Measures

This press release contains certain financial measure(s) that are not financial measure(s) recognized under generally accepted accounting principles in the U.S. ("GAAP") and, therefore, are considered non-GAAP financial measure(s) and should be read along with the accompanying reconciliation of non-GAAP financial measure(s) to GAAP financial measure(s). We use non-GAAP financial measures, certain of which are included in this press release, both to explain our operating results to shareholders and the investment community and to evaluate, analyze, and manage our business. We believe that these non-GAAP financial measures provide a better understanding of ongoing operations, enhance the comparability of results across periods, and enable investors to better understand our performance. Our management believes that the "core" metrics described below and used in this press release assist users of the Company's financial statements with their financial analysis period-over-period as they exclude certain non-recurring items. However, non-GAAP financial measures should not be considered in isolation and should be considered supplemental in nature and not as a substitute for or superior to the most directly comparable or other financial measures calculated in accordance with GAAP. Additionally, the manner in which the non-GAAP financial measure(s) contained in this press release are calculated may differ from the manner in which measures with similar names are calculated by other companies. You should understand how other companies calculate their financial measures similar to, or with names similar to, the non-GAAP financial measure(s) contained in this press release when comparing such financial measures.

The non-GAAP financial measures in this press release include the following:

• Core deposits. We calculate core deposits by excluding jumbo time deposits (deposits greater than or equal to $250,000) from total deposits.

• Core net income. We define core net income as net income plus non-recurring expenses, net of the related tax effect of non-recurring expenses.

• Core net income per share. We define core net income per share as core net income divided by weighted average common shares outstanding.

• Core ROAA. We define core ROAA as core net income divided by average assets, with average assets based upon the average daily balance of total assets in each period.

• Core return on average tangible common equity. We define core return on average tangible common equity as core net income divided by total average shareholders' equity less average intangible assets (goodwill and core deposit intangibles).

• Pre-tax pre-provision net income. We define pre-tax pre-provision net income as pre-tax net income plus provision for loan and lease losses.

• Core efficiency ratio. We define core efficiency ratio as noninterest expenses (less non-recurring expenses), divided by operating revenue (net interest plus total noninterest income). This ratio is an indicator used by our management to assess operating efficiencies and is intended to demonstrate how efficiently our management is controlling expenses relative to generating revenues on our core activities.

• Pre-tax, pre-provision ROAA. We define pre-tax, pre-provision ROAA as pre-tax, pre-provision net income divided by average assets calculated based upon the average daily balance of total assets in each year.

• Tangible assets. We define tangible assets as total assets less goodwill and other intangible assets.

• Return on average tangible common equity ROATCE. We define return on average tangible common equity ROATC as net income divided by average common equity calculated based as total average shareholders' equity less average intangible assets net of tax benefit.

• Tangible book value per share. We define tangible book value per share as our tangible common equity, which is shareholders' equity reduced by goodwill and other intangible assets, divided by diluted weighted average shares outstanding.

• Tangible common equity to tangible assets. We define tangible common equity to tangible assets as tangible common equity divided by tangible assets calculated based as total assets net of intangible assets.

The following table provides a reconciliation of the above non-GAAP financial measures to their most directly comparable financial measure presented in accordance with GAAP.

Non-GAAP Reconciliations (unaudited)

		As of and for the Three Months Ended															As of and for the Six Months Ended
(dollars in thousands, except per share data)		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Pre-Tax Pre-Provision
Net Income:
Pre-tax income		$	12,894		$	11,860		$	12,391		$	12,296		$	11,558		$	24,754		$	22,760
Add: provision for loan and lease
losses			399			122			463			-			-			521			-
Pre-tax pre-provision net income		$	13,293		$	11,982		$	12,854		$	12,296		$	11,558		$	25,275		$	22,760
Tangible Common Equity:
Shareholders' equity		$	302,618		$	293,518		$	285,344		$	245,153		$	235,268			302,618			235,268
Less: non controlling interest																					-
Less: goodwill			8,511			8,511			8,511			8,511			8,511			8,511			8,511
Less: core deposit intangible
(net of tax benefit)			2,594			2,875			3,164			3,448			3,744			2,594			3,744
Tangible common equity		$	291,513		$	282,132		$	273,669		$	233,194		$	223,013		$	291,513		$	223,013
Return on Average Tangible
Common Equity:
Total average shareholders'
equity		$	297,631		$	288,485		$	259,784		$	239,473		$	227,883		$	293,058		$	223,912
Less: average intangible assets
(net of tax benefit)			11,105			11,386			11,767			11,980			11,997		$	11,245			13,497
Less: average non controlling
interest			-			-			-			-			-			-			2,701
Average common tangible equity			286,526			277,099			248,017			227,493			215,886			281,813			207,714
Net income to shareholders			10,216			9,534			10,167			9,467			8,900			19,750			17,592
Return on average common
tangible equity			14.26	%		13.76	%		16.40	%		16.65	%		16.49	%		14.02	%		16.94	%
Tangible Book Value per
Share:
Tangible common equity		$	291,513		$	282,132		$	273,669		$	233,194		$	223,013		$	291,513		$	223,013
Shares of common stock
outstanding (weighted average)			13,700,296			13,697,987			13,697,987			12,239,644			12,239,644			13,699,148			12,188,624
Tangible book value per share,
reported		$	21.28		$	20.60		$	19.98		$	19.05		$	18.22		$	21.28		$	18.22

					As of and for the Three Months Ended												As of and for the Six Months Ended
(dollars in thousands, except per share data)		June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			June 30, 2026			June 30, 2025
Tangible Common Equity to Tangible Assets:
Tangible common equity		$	291,513		$	282,132		$	273,669		$	233,194		$	223,013		$	291,513		$	223,013
Total assets			2,376,584			2,328,789			2,291,455			2,214,408			2,262,511			2,376,584			2,262,511
Less: intangible assets			12,012			12,392			12,767			13,149			13,546			12,012			13,546
Tangible assets			2,364,572			2,316,397			2,278,688			2,201,258			2,248,965			2,364,572			2,248,965
Tangible common equity to
tangible assets			12.33	%		12.18	%		12.01	%		10.59	%		9.92	%		12.33	%		9.92	%
Core Deposits:
Total Deposits		$	1,873,172		$	1,892,217		$	1,815,734		$	1,780,634		$	1,851,248		$	1,873,172			1,851,248
Less: Time deposits
greater than $250,000			107,910			105,717			103,833			101,767			97,844			107,910			97,844
Less: Brokered deposits			55,375			41,533			47,970			47,970			125,223			55,375			125,223
Core deposits		$	1,709,887		$	1,744,967		$	1,663,931		$	1,630,897		$	1,628,181		$	1,709,887		$	1,628,181
Core Net Income:
Net income		$	10,216		$	9,534		$	10,167		$	9,467		$	8,900		$	19,750		$	17,592
Add: Non-recurring Expense			-			603			-			-			302			603			309
Less: tax effect			-			(133	)		-			-			(76	)		(133	)		(78	)
Core net income		$	10,216		$	10,004		$	10,167		$	9,467		$	9,126		$	20,220			17,823
Core Net Income per Share:
Core net income		$	10,216		$	10,004		$	10,167		$	9,467		$	9,126		$	20,220		$	17,823
Weighted average common
shares outstanding			13,700,296			13,697,987			13,697,987			12,239,644			12,239,644			13,699,148			12,188,624
Core net income per share		$	0.75		$	0.73		$	0.74		$	0.77		$	0.75		$	1.48		$	1.46
Core Return on Average Assets:
Core net income		$	10,216		$	10,004		$	10,167		$	9,467		$	9,126		$	20,220		$	17,823
Average assets			2,301,752			2,296,115			2,249,282			2,170,869			2,248,134			2,298,934			2,268,859
Core return on average assets			1.78	%		1.74	%		1.81	%		1.74	%		1.62	%		1.76	%		1.57	%
Core Return on Average
Tangible Common Equity:
Average tangible common equity		$	286,526		$	277,099		$	248,017		$	227,493		$	215,886		$	281,813		$	207,714
Core net income			10,216			10,004			10,167			9,467			9,126			20,220			17,823
Core return on average tangible
common equity			14.26	%		14.44	%		16.40	%		16.65	%		16.91	%		14.35	%		17.16	%
Core Efficiency Ratio:
Add: net interest income		$	21,515		$	20,478		$	20,810		$	20,222		$	20,059		$	41,993		$	39,399
Add: non interest income			2,650			2,591			2,667			2,626			2,224			5,241			4,667
Operating revenue		$	24,165		$	23,069		$	23,477		$	22,848		$	22,283		$	47,234			44,066
Total noninterest expenses			10,872			11,087			10,623			10,552			10,725			21,959			21,306
Less: non-recurring expenses			-			603			-			-			302			603			309
Core noninterest expenses			10,872			10,484			10,623			10,552			10,423			21,356			20,997
Core efficiency ratio			44.99	%		45.45	%		45.25	%		46.18	%		46.78	%		45.21	%		47.65	%
Efficiency ratio			44.99	%		48.06	%		45.25	%		46.18	%		48.13	%		46.49	%		48.35	%

Contacts:

Philip J. Metheny
Sr. Executive Vice President, Chief Financial Officer
Commercial Bancgroup, Inc.
ir@cbtn.com
423-869-5151

Roger Mobley
Executive Vice President, Chief Financial Officer
Commercial Bank
ir@cbtn.com
704-648-0185

SOURCE: Commercial Bancgroup, Inc.

View the original press release on ACCESS Newswire

FAQ

How did Commercial Bancgroup (NASDAQ: CBK) perform in Q2 2026?

Commercial Bancgroup reported Q2 2026 net income of $10.2 million, or $0.75 per share. According to Commercial Bancgroup, this compares with $8.9 million and $0.73 per share in Q2 2025, reflecting higher net interest income and stronger overall profitability.

What were Commercial Bancgroup’s key profitability ratios for Q2 2026 (CBK)?

Commercial Bancgroup reported Q2 2026 ROAA of 1.78% and ROAE of 13.73%. According to Commercial Bancgroup, return on average tangible common equity was 14.26%, while the core efficiency ratio was 44.99%, indicating disciplined cost control relative to revenue.

How did loans and deposits change at Commercial Bancgroup (CBK) as of June 30, 2026?

Loans reached $1.94 billion and deposits were $1.87 billion at June 30, 2026. According to Commercial Bancgroup, loans grew 8.3% year over year and 2.6% during the quarter, while total deposits increased 1.2% versus June 30, 2025.

What is Commercial Bancgroup’s asset quality and reserve position in Q2 2026?

Commercial Bancgroup reported 0.00% net charge-offs and nonperforming assets of 0.31% of total assets in Q2 2026. According to Commercial Bancgroup, the allowance for credit losses was 0.96% of total loans, modestly lower than 1.00% a year earlier.

How has Commercial Bancgroup’s book value per share changed through June 30, 2026?

Book value per share rose to $22.09 and tangible book to $21.28 at June 30, 2026. According to Commercial Bancgroup, this compares with $19.22 and $18.22 respectively a year earlier, reflecting retained earnings and balance sheet growth.

Is Commercial Bancgroup (CBK) well-capitalized as of Q2 2026?

Commercial Bancgroup’s bank subsidiary exceeded all well-capitalized regulatory thresholds at June 30, 2026. According to Commercial Bancgroup, total risk-based capital was 14.0%, Tier 1 and CET1 were 13.0%, and the Tier 1 leverage ratio was 11.6%.

What were Commercial Bancgroup’s year-to-date 2026 results compared with 2025?

For the six months ended June 30, 2026, net income was $19.8 million, or $1.44 per share. According to Commercial Bancgroup, this compares to $17.6 million and $1.44 per share a year earlier, with higher operating revenue and slightly lower year-to-date ROAE.