Commercial Bancgroup, Inc. · NASDAQ:CBK
Commercial Bancgroup — Q2 2026 Earnings Presentation
18 slides from Commercial Bancgroup's earnings presentation, Jul 27, 2026
Slide 1: 2Q26 Earnings Presentation
2Q26 Earnings Presentation July 27, 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: 34 Total Assets: $2.4 Billion Total Loans: $1.9 Billion Total Deposits: $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 execut
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 $21.28 2021 2022 2023 2024 2025 YTD $1.58 $2.08 $2.54 $2.75 $2.98 $1.48 2021 2022 2023 2024 2025 YTD 7 Driving Shareholder Value is Our Top Priority Core Earnings Per Share1 Tangible Book Value Per Share1 Reported PPNI ($M)1 Core ROAA1 Core ROATCE1 Core Efficiency
Slide 8: Consistent Balance Sheet Growth
$140 $158 $196 $220 $285 $303 2021 2022 2023 2024 2025 YTD $1,449 $1,421 $1,820 $1,939 $1,816 $1,873 2021 2022 2023 2024 2025 YTD $1,194 $1,318 $1,670 $1,789 $1,855 $1,922 2021 2022 2023 2024 2025 YTD $1,713 $1,742 $2,197 $2,301 $2,291 $2,377 2021 2022 2023 2024 2025 YTD 8 Consistent Balance Sheet G
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% 12.3% 10.2% 11.1% 15.0% 14.6% 11.4% 12.4% 16.0% 15.5% 2023 2024 2025 YTD 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% 7% 8% 8% 6% 2023 2024 2025 YTD Common Equity
Slide 11: Valuable Deposit Franchise
11 Valuable Deposit Franchise 24% 25% 22% 20% 24% 23% 23% 25% 25% 19% 14% 15% 5% 5% 4% 9% 10% 11% 16% 16% 12% 10% 11% 11% 21% 19% 18% 20% 22% 25% 12% 10% 18% 22% 20% 16% 1,449 1,421 1,820 1,939 1,816 1,873 $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
Due in One Year or Less 20% Due after One Year Through Five Years 46% Due after Five Years 34% $150 $167 $160 $188 $174 $144 $216 $254 $337 $430 $466 $485 $257 $311 $317 $367 $357 $397 $624 $732 $814 $984 $997 $1,026 2021 2022 2023 2024 2025 2026Q2 C&I Owner Occupied CRE Non-owner Occupied CRE Fixed
Slide 13: Loan Portfolio Detail: C&I and Owner-occupied CRE by Industry
13 Loan Portfolio Detail C&I and Owner-occupied CRE by Industry ($M) As of June 30, 2026 Industry C&I CRE-OO Total % of Total Real estate rental and leasing 15,166 $ 60,903 $ 76,068 $ 12% Manufacturing 16,878 $ 9,788 $ 26,666 4% Finance and insurance 55,902 $ 8,744 $ 64,646 10% Other services (excep
Slide 14: Asset Quality
$7,981 $10,825 $16,967 $17,577 0.47% 0.60% 0.91% 0.90% 2023 2024 2025 YTD $7,095 $5,722 $6,276 $5,893 $6,498 $7,416 0.41% 0.33% 0.29% 0.26% 0.28% 0.31% 2021 2022 2023 2024 2025 2026Q2 14 Asset Quality Criticized and Classified Loans / Loans (%) Loan Loss Reserve / NPAs (%) NPAs and 90 Days Past Due
Slide 15: Investment Highlights
15 Investment Highlights 1 Investment Highlights 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 So
Slide 16: Appendix
Appendix
Slide 17: (dollars in thousands, except per share data) June 30, 26 March 31, 2026 December
17 (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 lea
Slide 18: (dollars in thousands, except per share data) June 30, 26 March 31, 2026 December
18 (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 a