Commercial Bancgroup, Inc. (Nasdaq: CBK) reported net income of $10.9 million, or $0.79 per diluted common share, for the third quarter of 2026. This figure represents an increase from the $9.5 million, or $0.77 per diluted share, reported for the same period in 2025. The company also reported core net income of $10.9 million for the quarter.
The company’s financial metrics for the quarter included a return on average assets (ROAA) of 1.84% and a return on average equity (ROAE) of 14.16%. The net interest margin was reported at 4.14%, an increase of 8 basis points from the second quarter of 2026. Additionally, the core efficiency ratio was 43.68%.
On the balance sheet, total assets stood at $2.44 billion as of September 30, 2026, compared to $2.21 billion at the same time in 2025. Loans outstanding net of deferred fees and discounts increased by $216.1 million, or 12.2%, year-over-year, to $1.98 billion. Total deposits were $1.89 billion, an increase of $106.8 million, or 6.0%, from September 30, 2025.
For the nine months ended September 30, 2026, the company reported net income of $30.6 million, or $2.23 per diluted share, compared to $27.1 million, or $2.22 per diluted share, for the same period in 2025. Total operating revenue for the nine months was $72.4 million, up from $66.9 million in the prior year.
Regarding capitalization, the bank reported total risk-based capital ratios of 15.61% and a Tier 1 risk-based capital ratio of 14.69% as of September 30, 2026. The company’s board of directors declared a quarterly cash dividend of $0.12 per share, payable on December 30, 2026, to shareholders of record as of the close of business on December 15, 2026.
