商业银行集团公司2025年第二季度报告
Oct 27, 2025 4:30pm EDT HARROGATE, TN / ACCESS Newswire / October 27, 2025 /Commercial Bancgroup, Inc.("Commercial" or the "Company") (Nasdaq:CBK), the parent company of Commercial Bank(the "Bank"), today announced net income less non-controlling interest of $9.5 million, or $0.77per diluted common share, for the third quarter of 2025, compared to net income less non-controlling interest of $9.2 million, or $0.74 per diluted common share, for the third quarter of2024. On October 1, 2025, the Company priced its initial public offering (the "IPO") of 7,173,092shares of its common stock 1,458,334 of which were sold by Commercial and 5,714,758 ofwhich were sold by certain selling shareholders, at a public offering price of $24.00 per share. Prior to September 18, 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 charterprovided for, among other things: effective upon the filing of the amended and restated charter, the reclassification andconversion of (i) each outstanding share of Class B common stock into 1.15 shares ofcommon stock and (ii) each outstanding share of Class C common stock into 1.05 sharesof common stock (collectively, the "Stock Reclassification"); and effective immediately following the Stock Reclassification, a 250-for-1 forward stocksplit in respect of the outstanding shares of our common stock (the "Stock Split"). The Company's common stock began trading on The Nasdaq Stock Market LLC on October 2,2025, under the ticker symbol "CBK." On October 3, 2025, the Company completed its IPO,from which it received net proceeds of approximately $30.6 million. Commercial used certain ofits proceeds from the IPO to repay certain Commercial indebtedness and intends to use other ofits proceeds from the IPO to redeem its outstanding subordinated debentures and related trustpreferred securities. Our financial statements, including earnings per share and book value per share, reflect the stockReclassification and Stock Split retroactively. Because the IPO occurred after September 30,2025, the financial impacts of the IPO are not included in the financial statements presented inthis press release. Third quarter 2025 highlights: Net income less non-controlling interest of $9.5 million or $0.77 per share and $0.77 perdiluted share for the three months ended September 30, 2025, compared to $9.2 millionor $0.75 per share and $0.74 per diluted share for the three months ended September 30,2024.Return on average assets of 1.69% for the three months ended September 30, 2025,compared to 1.65% for the three months ended September 30, 2024.Return on average shareholders' equity of 15.76% for the three months ended September30, 2025, compared to 17.32% for the three months ended September 30, 2024.Total operating revenue of $22.9 million for the three months ended September 30, 2025,compared to $21.9 million for the three months ended September 30, 2024.Non-interest expense of $10.6 million for the three months ended September 30, 2025,compared to $10.5 million for the three months ended September 30, 2024.Tangible book value per share of $19.05 per share as of September 30, 2025, compared to$16.64 per share as of September 30, 2024 (see non-GAAP reconciliation).Efficiency ratio of 46.2% for the three months ended September 30, 2025, compared to48.1% for the three months ended September 30, 2024. Year to date highlights: Net income less non-controlling interest of $27.1 million or $2.22 per share and $2.22 perdiluted share for the nine months ended September 30, 2025, compared to $25.8 millionor $2.12 per share and $2.09 per diluted share for the nine months ended September 30,2024. Return on average assets of 1.60% for the nine months ended September 30, 2025,compared to 1.57% for the nine months ended September 30, 2024.Return on average shareholders' equity of 15.50% for the nine months ended September30, 2025, compared to 16.94% for the nine months ended September 30, 2024.Total operating revenue of $66.9 million for the nine months ended September 30, 2025,compared to $65.7 million for the nine months ended September 30, 2024.Non-interest expense of $31.9 million for the nine months ended September 30, 2025,compared to $32.1 million for the nine months ended September 30, 2024.Tangible book value per share of $19.05 per share as of September 30, 2025, compared to$16.64 per share as of September 30, 2024 (see non-GAAP reconciliation).Efficiency ratio of 47.6% for the nine months ended September 30, 2025, compared to48.9% for the nine months ended September 30, 2024. Balance Sheet Trends Total assets were $2.2 billion as of September 30, 2025, a decrease of $86.8 million, or 3.8%,from December 31, 2024. This decrease was primarily due to a decrease in our loan portfolio andour investment portfolio. Total net lo