Commercial Bancgroup, Inc. · NASDAQ:CBK
Commercial Bancgroup — Q3 2026 Earnings Presentation
18 slides from Commercial Bancgroup's earnings presentation, Oct 26, 2026
Slide 1: 3Q 26 Earnings Presentation
3Q 26 Earnings Presentation October 26, 2026 COMMERCIAL BANCGROUP, INC.
Slide 2: Important Notices and Disclaimers
2 Important Notices and Disclaimers Use of Defined Terms As used in this presentation, the terms "Company," "Commercial," "we," "our," and "us" refer to Commercial Bancgroup, Inc., a Tennessee corporation. The term "Bank" refers to Commercial Bank, the Company's wholly owned bank subsidiary. Forward
Slide 3: Important Notices and Disclaimers
3 Important Notices and Disclaimers (22) the risks of acquisitions and other expansionary activities, including without limitation our ability to identify and consummate transactions with potential future acquisition candidates, the time and costs associated with pursuing such transactions, our abil
Slide 4: Important Notices and Disclaimers
4 Important Notices and Disclaimers Industry Information Certain industry and market data and forecasts, and other information, contained in this presentation has been prepared based, in part, upon data, forecasts, and other information that we obtained from regulatory sources, periodic industry pub
Slide 5: Company Overview
5 Company Overview Headquarters: Harrogate, TN Branches2,3: 34 Total Assets: 3 $2.4 Billion Total Loans:3 $2.0 Billion Total Deposits:3 $1.9 Billion 1Non-GAAP financial measure. See Appendix for a reconciliation of non-GAAP financial measures. 2Includes the banking facility located in our principal
Slide 6: Investment Merits
6 Investment Merits Competitive Strengths Experienced and invested leadership team with meaningful ownership Successfully completed five whole-bank acquisitions since 2008 with a focus on balance sheet and customer retention Diversified, commercially focused loan portfolio well- positioned in attrac
Slide 7: Driving Shareholder Value is Our Top Priority
$11.20 $12.93 $14.43 $17.11 $19.98 $21.92 2021 2022 2023 2024 2025 Q3 2026 $1.58 $2.08 $2.54 $2.75 $2.98 $2.27 2021 2022 2023 2024 2025 Q3 2026 7 Driving Shareholder Value is Our Top Priority Core Earnings Per Share1 Tangible Book Value Per Share1 Reported PPNI ($M)1 Core ROAA1 Core ROATCE1 Core Eff
Slide 8: Strong Long-term Balance Sheet Growth
$140 $158 $196 $220 $285 $311 2021 2022 2023 2024 2025 Q3 2026 $1,449 $1,421 $1,820 $1,939 $1,816 $1,887 2021 2022 2023 2024 2025 Q3 2026 $1,194 $1,318 $1,670 $1,789 $1,855 $1,964 2021 2022 2023 2024 2025 Q3 2026 $1,713 $1,742 $2,197 $2,301 $2,291 $2,442 2021 2022 2023 2024 2025 Q3 2026 8 Strong Lon
Slide 9: Key Markets Overview/Dynamics
9 Key Markets Overview/Dynamics Charlotte, NC ■ A premier financial and economic hub within the Southeastern U.S. with an estimated population of ~2.9 million ■ Home to several major financial institutions and serves as a critical nexus for the energy, healthcare, and logistics sectors ■ Dominance i
Slide 10: Consolidated Capital Ratios
8.1% 9.1% 12.0% 12.4% 10.2% 11.1% 15.0% 14.7% 11.4% 12.4% 16.0% 15.6% 2023 2024 2025 Q3 2026 TCE Ratio CET1 Ratio Total Risk-based Capital 10 Consolidated Capital Ratios Capital Position Capital Ratios (%) Simple Capital Structure 89% 90% 92% 94% 3% 2% 2% 0% 8% 8% 6% 6% 2023 2024 2025 Q3 2026 Common
Slide 11: Valuable Deposit Franchise
11 Valuable Deposit Franchise 24% 25% 22% 20% 24% 20% 23% 25% 25% 19% 14% 32% 5% 5% 4% 9% 10% 11% 16% 16% 12% 10% 11% 11% 21% 19% 18% 20% 22% 23% 12% 10% 18% 22% 20% 4% 1,449 1,421 1,820 1,939 1,816 1,887 $0 $500 $1,000 $1,500 $2,000 $2,500 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2021 2022 2023
Slide 12: Loan Portfolio Detail
$624 $732 $814 $984 $997 $1,062 2021 2022 2023 2024 2025 Q3 2026 Due in One Year or Less 20% Due after One Year Through Five Years 47% Due after Five Years 33% Fixed Rate 39% Adjustable Rate 61% 12 Loan Portfolio Detail Commercial Loan Growth ($M) Loan Maturity Schedule as of September 30, 2026 Loan
Slide 13: Asset Quality
$8,567 $5,810 $7,981 $10,825 $16,967 $24,745 0.71% 0.44% 0.47% 0.60% 0.91% 1.24% 2021 2022 2023 2024 2025 YTD $7,095 $5,722 $6,276 $5,893 $6,498 $7,574 0.41% 0.33% 0.29% 0.26% 0.28% 0.31% 2021 2022 2023 2024 2025 Q3 2026 13 Asset Quality Criticized and Classified Loans / Loans (%) Allowance for Cred
Slide 14: Investment Highlights
14 Investment Highlights 1 History of robust organic growth and proven top-tier financial performance Experienced management team with vested ownership Best-in-class shareholder returns with a focus on EPS and TBVPS growth Balanced franchise with a combination of high-growth Southeastern metro marke
Slide 15: Appendix
Appendix
Slide 16: Non-GAAP Reconciliation
16 (dollars in thousands, except per share data) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 September 30, 2026 September 30, 2025 Pre-Tax Pre-Provision Net Income: Pre-tax income 13,837 $ 12,894 $ 11,860 $ 12,391 $ 12,296 $ 38,592 $ 35,054 $ Add: provision f
Slide 17: Non-GAAP Reconciliation
17 (dollars in thousands, except per share data) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 September 30, 2026 September 30, 2025 Tangible Book Value per Share: Tangible common equity 300,486 $ 291,513 $ 282,132 $ 273,669 $ 233,194 $ 300,486 $ 233,194 $ Shar
Slide 18: Non-GAAP Reconciliation
18 (dollars in thousands, except per share data) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 September 30, 2026 September 30, 2025 Core Return on Average Common Equity: Total average shareholders' equity 306,929 $ 297,631 $ 288,485 $ 259,784 $ 239,473 $ 297,6