Commercial Bancgroup, Inc. (CBK) Form 10-Q — Aug 12, 2026

$CBKForm 10-QFiled Aug 12, 2026, 4:38 PM ET0001213900-26-088408Original filing

Commercial Bancgroup reported Q2 2026 net income of $10.2 million, up 14.8% from $8.9 million a year earlier, with diluted EPS of $0.74 versus $0.73. Six-month net income rose 12.3% to $19.8 million. The quarter was driven by net interest income of $21.5 million, up 7.3% year over year, as lower interest expense on reduced long-term debt and brokered deposits lifted net interest margin to 4.06% from 3.84%. Noninterest income grew 19.2% to $2.7 million on higher customer service and ATM fees.

Key figures

Eps: $0.75 basic / $0.74 diluted Q2 2026; $1.44 for the six months
Revenue: $24.2 million Q2 2026 (net interest income of $21.5 million plus noninterest income of $2.7 million)
Net Income: $10.2 million Q2 2026 (+14.8% YoY); $19.8 million for six months 2026 (+12.3% YoY)
Total Debt: $175.8 million total borrowings ($102.6 million short-term borrowings plus $73.2 million long-term debt)
Total Assets: 2376584291
Cash Position: 170114306
Shares Outstanding: 13701270
Net Loans: 1921813487
Ipo History: October 3, 2025 IPO: 7,173,000 shares at $24.00 per share; net proceeds approximately $29.9 million
Bank CET1 Ratio: 13.0% (Bank), well-capitalized under PCA
Total Deposits: 1873172314
Acl To Total Loans: 0.96%
Book Value Per Share: $22.09, up 6.0% from $20.83 at year-end 2025
Net Interest Margin: 4.06% Q2 2026 vs 3.84% Q2 2025
Net Interest Income Q2: $21.5 million, +7.3% YoY
Noninterest Income Q2: $2.7 million, +19.2% YoY
Buyback Authorization: $10 million authorized April 27, 2026; no shares repurchased through June 30, 2026
Nonperforming Assets Ratio: 0.31% of total assets vs 0.28% at December 31, 2025
Quarterly Dividend Declared: $0.12 per share in July 2026, a 20% increase over $0.10
Provision For Credit Losses Q2: $399,289 vs $0 in year-ago quarter

Price after filing

1 day: +0.0%7 days: -4.5%30 days: -4.4%

Close on the filing date to close N calendar days later (from $35.42). Historical, not a forecast.

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