CBK

Company Overview — What Does Commercial Bancgroup, Inc. Do?

We are a bank holding company headquartered in Harrogate, Tennessee, and have elected under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), to become a financial holding company. We were incorporated in Tennessee in 1975, and we operate primarily through our wholly owned bank subsidiary, Commercial Bank, a Tennessee banking corporation organized in 1976. The Bank is a full-service community banking institution that offers traditional consumer and commercial products and services to serve businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee. Our primary service areas in Tennessee are (i) the metropolitan statistical areas (the “MSAs”) of (a) Nashville-Davidson — Murfreesboro — Franklin, Tennessee (the “Nashville MSA”), (b) Knoxville, Tennessee (the “Knoxville MSA”), and (c) Kingsport-Bristol, Tennessee-Virginia and Johnson City, Tennessee (collectively, the “Tri-Cities MSA”), and (ii) Claiborne County, Cocke County, Union County, and Hamblen County, and their surrounding areas. In Kentucky, we primarily serve the communities in Southeast Kentucky, with branches in Barbourville, Corbin, Cumberland, Harlan, London, Middlesboro, and Pineville. Upon the Bank’s merger with Alliance Bank & Trust Company (“Alliance”) on July 1, 2024, we expanded our services to North Carolina, including parts of the Charlotte-Concord-Gastonia, North Carolina-South Carolina MSA (the “Charlotte MSA”), with branches in Shelby, Kings Mountain and Gastonia. We also operate one loan production office (“LPO”) in Lincolnton, North Carolina. The Bank was founded as Commercial Bank of Claiborne County, a full-service Tennessee-chartered bank, by E. Oscar Robertson on June 9, 1976. On November 1, 1976, the Bank opened for business in Harrogate, Tennessee. Approximately three years later, on January 8, 1979, we opened our first branch in Speedwell, Tennessee. In the following years, our growth has been driven primarily by organic expansion in existing markets and into new markets and through our strategic acquisitions. Over the last five years, we have had a total asset compound annual growth rate (“CAGR”) of 8% while maintaining profitability, credit quality and prudent capital management. Please refer to the “Total Assets” chart below on page 2 of this prospectus for the annual growth in our total assets for each of the fiscal years ended December 31, 2020 through 2024 and for the six months ended June 30, 2025. The following information summarizes our growth history: • On April 23, 1986, we acquired Union County Bank’s three branch locations in Maynardville and Luttrell, Tennessee through an FDIC-assisted transaction. • On November 16, 2001, we acquired Middlesboro Federal Bank (Middlesboro, Kentucky) with its four offices located in Middlesboro, Pineville, and Cumberland, Kentucky, and in the Fountain City community of Knoxville, Tennessee. • On September 8, 2008, we acquired The Union National Bank and Trust Company of Barbourville (Barbourville, Kentucky) with its five branch locations in Barbourville and Corbin, Kentucky. • By the end of 2008, our total assets had increased to over $700 million. • On March 1, 2014, we opened an LPO in Nashville, Tennessee, and by December 31, 2014, we had over $18 million in outstanding loan balances in the Nashville MSA. • On April 18, 2016, we acquired National Bank of Tennessee (Newport, Tennessee), which added two new branches to our network. • On August 15, 2017, we announced the acquisition of Citizens Bank (New Tazewell, Tennessee) with its three branch locations in New Tazewell, Harrogate, and Morristown, Tennessee, and an LPO in Kingsport, Tennessee, which was merged into our current Kingsport, Tennessee office. • On March 1, 2019, we transitioned our LPO in Nashville, Tennessee to a full-service branch in Brentwood, Tennessee (part of the Nashville MSA). As of March 31, 2019, we had over $110 million in outstanding loan balances in the Nashville MSA. • On February 1, 2020, we acquired First National Bank and Trust (London, Kentucky) with its four branches in London and Corbin, Kentucky resulting in our total assets exceeding $1.5 billion. • On June 1, 2023, we acquired a majority ownership interest in AB&T Financial Corporation (“AB&T”) (Gastonia, North Carolina), the parent company of Alliance. On June 30, 2024, we acquired the remaining minority ownership interests in AB&T, and on July 1, 2024, Alliance merged with the Bank. The acquisition of Alliance added four branches and one LPO to our network and expanded our reach into North Carolina, including the Charlotte MSA. • We expect to open a de novo branch office in Belmont, North Carolina during 2026, which will further increase our presence in the Charlotte MSA. Our principal executive office is located in Harrogate, Tennessee. Commercial Bancgroup, Inc. (CBK) is classified as a small-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Terry L. Lee and employs approximately 298 people, headquartered in HARROGATE, Tennessee. With a market capitalization of $373M, CBK is one of the notable companies in the Financials sector.

Commercial Bancgroup, Inc. (CBK) Stock Rating — Hold (April 2026)

As of April 2026, Commercial Bancgroup, Inc. receives a Hold rating with a composite score of 52.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.CBK ranks #377 out of 4,446 stocks in our coverage universe. Within the Financials sector, Commercial Bancgroup, Inc. ranks #197 of 892 stocks, placing it in the top quartile of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

CBK Stock Price and 52-Week Range

Commercial Bancgroup, Inc. (CBK) currently trades at $27.85. The 52-week high for CBK is $27.82, which means the stock is currently trading 0.1% from its annual peak. The 52-week low is $23.23, putting the stock 19.9% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is CBK Overvalued or Undervalued? — Valuation Analysis

Commercial Bancgroup, Inc. (CBK) carries a value factor score of 74/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 9.44x, compared to the Financials sector average of 15.44x — a discount of 39%. The price-to-book ratio stands at 1.34x, versus the sector average of 1.26x. The price-to-sales ratio is 0.78x, compared to 0.93x for the average Financials stock. On an enterprise value basis, CBK trades at 2.25x EV/EBITDA, versus 3.37x for the sector.

Based on these multiples, Commercial Bancgroup, Inc. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.

Commercial Bancgroup, Inc. Profitability — ROE, Margins, and Quality Score

Commercial Bancgroup, Inc. (CBK) earns a quality factor score of 62/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 52.1%, compared to the Financials sector average of 8.5%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 6.5% versus the sector average of 1.2%.

On a margin basis, Commercial Bancgroup, Inc. reports gross margins of 88.5%. The operating margin is 39.0% (sector: 21.9%). Net profit margin stands at 30.6%, versus 17.7% for the average Financials stock. The overall profitability profile is adequate, though there may be room for margin expansion.

CBK Debt, Balance Sheet, and Financial Health

Commercial Bancgroup, Inc. has a debt-to-equity ratio of 28.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.14x, suggesting adequate working capital coverage. Total debt on the balance sheet is $79M. Cash and equivalents stand at $199M.

CBK has a beta of 0.45, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Commercial Bancgroup, Inc. is 92/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

Commercial Bancgroup, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Commercial Bancgroup, Inc. reported revenue of $122M and earnings per share (EPS) of $2.95. Net income for the quarter was $37M. Gross margin was 88.5%. Operating income came in at $47M.

In FY 2025, Commercial Bancgroup, Inc. reported revenue of $122M and earnings per share (EPS) of $2.95. Net income for the quarter was $37M. Operating income came in at $47M.

In Q3 2025, Commercial Bancgroup, Inc. reported revenue of $23M and earnings per share (EPS) of $0.77. Net income for the quarter was $9M. Gross margin was 88.5%. Operating income came in at $3M.

CBK Dividend Yield and Income Analysis

Commercial Bancgroup, Inc. (CBK) does not currently pay a dividend. This is common among smaller companies in the Banking industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

CBK Momentum and Technical Analysis Profile

Commercial Bancgroup, Inc. (CBK) has a momentum factor score of 42/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 2/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

CBK vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, Commercial Bancgroup, Inc. (CBK) ranks #197 out of 892 stocks based on the Blank Capital composite score. This places CBK in the top quartile of all Financials stocks in our coverage universe. Key competitors and sector peers include OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.7/100, PARKE BANCORP, INC. (PKBK) with a score of 60.6/100, Orange County Bancorp, Inc. /DE/ (OBT) with a score of 59.3/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, and MANULIFE FINANCIAL CORP (MFC) with a score of 64.7/100.

Comparing CBK against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CBK vs S&P 500 (SPY) comparison to assess how Commercial Bancgroup, Inc. stacks up against the broader market across all factor dimensions.

CBK Next Earnings Date

No upcoming earnings date has been announced for Commercial Bancgroup, Inc. (CBK) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy CBK? — Investment Thesis Summary

Commercial Bancgroup, Inc. presents a balanced picture with arguments on both sides. The quality score of 62/100 indicates above-average profitability and business fundamentals. The value score of 74/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 92/100) reduces downside risk.

In summary, Commercial Bancgroup, Inc. (CBK) earns a Hold rating with a composite score of 52.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CBK stock.

Related Resources for CBK Investors

Explore more research and tools: CBK vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CBK head-to-head with peers: CBK vs OPY, CBK vs PKBK, CBK vs OBT.