Commercial Bancgroup, Inc. · NASDAQ:CBK
Commercial Bancgroup — Q1 2026 Earnings Presentation
18 slides from Commercial Bancgroup's earnings presentation, Apr 27, 2026
Slide 1: 1Q26 Earnings Presentation
1Q26 Earnings Presentation April 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 Te nnessee corporation. The term “Bank” refers to Commercial Bank, the Company’s wholly owned bank subsidiary. Forwar
Slide 3: Important Notices and Disclaimers
3 Important Notices and Disclaimers (21) changes in technology or products that may be more difficult or costly or less effective than anticipated; (22) the risk s o f acquisitions and other expansionary activities, including without limitation our ability to identify and consummate transactions wit
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 , i n part, upon data, forecasts, and other information that we obtained from regulatory sources, periodic industry p
Slide 5: Company Overview
5 Company Overview Headquarters: Harrogate, TN Branches 2 : 34 Total Assets: $2.3 Billion Total Loans: $1.9 Billion Total Deposits: $1.9 Billion 1 Non - GAAP financial measure. See Appendix for a reconciliation of non - GAAP financial measures. 2 Includes the banking facility located in our principa
Slide 6: Investment Merits
6 Investment Merits Competitive Strengths Experienced and invested leadership team with meaningful ownership Successfully completed five whole - bank acquisitions since 2008 with a focus on balance sheet and customer retention Diversified, commercially focused loan portfolio well - positioned in att
Slide 7: Driving Shareholder Value is Our Top Priority
<7' <7' 7 Driving Shareholder Value is Our Top Priority Tangible Book Value Per Share 1 Core Earnings Per Share 1 Core Efficiency Ratio 1 Core ROATCE 1 Core ROAA 1 Reported PPNI ($M) 1 <7' <7' <7' <7' 2 Combined Annual Growth Rate (CAGR) is from December 31, 2020 to December 31, 2025 for all graphs.
Slide 8: Consistent Balance Sheet Growth
<7' <7' <7' <7' 8 Consistent Balance Sheet Growth Total Net Loans ($M) Total Assets ($M) Total Equity ($M) Total Deposits ($M) Source: Company documents
Slide 9: Key Markets Overview/Dynamics
9 Key Markets Overview/Dynamics ■ 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 in the financia
Slide 10: Capital Position
<7' 7&(5DWLR &(7 5DWLR 7RWDO5LVN EDVHG&DSLWDO 10 Consolidated Capital Ratios Capital Ratios (%) Capital Position Simple Capital Structure <7' &RPPRQ(TXLW\7LHU 7UXVW3UHIHUUHG 7LHU $&/ 1 Non - GAAP financial measure. See Appendix for a reconciliation of Non - GAAP financial measures. Source: Company d
Slide 11: Valuable Deposit Franchise
11 24% 25% 22% 20% 24% 23% 23% 25% 25% 19% 14% 14% 5% 5% 4% 9% 10% 9% 16% 16% 12% 10% 11% 11% 21% 19% 18% 20% 22% 21% 12% 10% 18% 22% 20% 23% 1,449 1,421 1,820 1,939 1,816 1,892 $0 $500 $1,000 $1,500 $2,000 $2,500 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2021 2022 2023 2024 2025 YTD Deposits Dema
Slide 12: Loan Portfolio Detail
'XHLQ2QH <HDURU/HVV 'XHDIWHU2QH <HDU7KURXJK)LYH <HDUV 'XHDIWHU)LYH <HDUV <7' & , 2ZQHU2FFXSLHG&5( 1RQ RZQHU2FFXSLHG&5( )L[HG5DWH $GMXVWDEOH 5DWH 12 Loan Portfolio Detail Loan Maturity Schedule as of March 31, 2026 Commercial Loan Growth ($M) Fixed vs. Adjustable - Rate Loans As of March 31, 2026 Loa
Slide 13: Loan Portfolio Detail (cont'd)
13 Loan Portfolio Detail (cont’d) C&I and Owner - occupied CRE by Industry ($M) As of March 31, 2026BS0BS1BS2BS3 BS4
Slide 14: Asset Quality
4 <7' 14 Asset Quality Loan Loss Reserve / NPAs (%) Criticized and Classified Loans / Loans (%) Net Charge - offs (Recoveries) / Average Loans (%) NPAs and 90 Days Past Due / Assets (%) <7' <7' Dollar figures are in thousands ($000) Source: Company documents
Slide 15: Investment Highlights
15 Investment Highlights 1 Investment Highlights History of robust organic growth and proven top tier financial performance Experienced management team with vested ownership Best - in - class shareholder returns with a focus on EPS and TBVPS growth Balanced franchise with a combination of high growt
Slide 16: Appendix
— Appendix ee
Slide 17: Non-GAAP Reconciliation
17 (dollars in thousands, except per share data) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2025 December 31, 2024 Pre-Tax Pre-Provision Net Net Income: Pre-tax income 11,860$ 12,391$ 12,296$ 11,528$ 11,202$ 47,417$ 40,572$ Add: provision for loan a
Slide 18: Non-GAAP Reconciliation (continued)
18 (dollars in thousands, except per share data) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2025 December 31, 2024 Tangible Common Equity to Tangible Assets: Tangible common equity 282,132$ 273,669$ 233,194$ 223,013$ 213,633$ 273,669$ 207,411$ Total