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Commercial Bancgroup, Inc. operates as the bank holding company for Commercial Bank that provides a range of banking and financial services to individual and corporate customers in the United States. The company accepts various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit products. It also offers real estate, commercial, and consumer loans, such as installment loans, secured and unsecured personal lines of credit, and overdraft protection lines. In addition, the company provides treasury management services, remote deposit capture, internet and commercial banking, automated teller machines, and other banking services. The company was formerly known as Harrogate Corporation and changed its name to Commercial Bancgroup, Inc. in April 1989. Commercial Bancgroup, Inc. was incorporated in 1975 and is based in Harrogate, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $90M | - | $37M | $35M | 13.0% | 3.0% | 18.4% |
| 2024 | $88M | - | $31M | $36M | 14.3% | 7.4% | 2.3% |
| 2023 | $82M | - | $31M | $36M | 15.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Revenue | 81.67 | 87.70 | 90.32 |
| Pretax Income | 39.69 | 40.57 | 47.42 |
| Tax Provision | 8.48 | 8.89 | 10.22 |
| Net Income | 30.69 | 31.41 | 37.20 |
| Net Income Common Stockholders | 30.69 | 31.41 | 37.20 |
| Interest Expense | 30.54 | 45.63 | 41.17 |
| Interest Income | 102.64 | 123.21 | 120.98 |
| Selling General And Administration | 21.78 | 26 | 23.74 |
| Normalized Income | 30.55 | 30.70 | 37.04 |
| Basic EPS | 2.52 | 2.58 | 2.95 |
| Diluted EPS | 2.48 | 2.54 | 2.95 |
| Tax Effect Of Unusual Items | 0.04 | 0.20 | 0.04 |
| Tax Rate For Calcs | 0.21 | 0.22 | 0.22 |
| Total Unusual Items | 0.19 | 0.91 | 0.20 |
| Total Unusual Items Excluding Goodwill | 0.19 | 0.91 | 0.20 |
| Net Income From Continuing Operation Net Minority Interest | 30.69 | 31.41 | 37.20 |
| Reconciled Depreciation | 3.54 | 4.11 | 3.71 |
| Net Interest Income | 72.10 | 77.58 | 79.81 |
| Net Income From Continuing And Discontinued Operation | 30.69 | 31.41 | 37.20 |
| Diluted Average Shares | 12.37 | 12.37 | 12.61 |
| Basic Average Shares | 12.17 | 12.17 | 12.61 |
| Diluted NI Availto Com Stockholders | 30.69 | 31.41 | 37.20 |
| Minority Interests | -0.52 | -0.28 | 0 |
| Net Income Including Noncontrolling Interests | 31.21 | 31.69 | 37.20 |
| Net Income Continuous Operations | 31.21 | 31.69 | 37.20 |
| Special Income Charges | 0.05 | 0.76 | 0.04 |
| Other Special Charges | -0.05 | -0.76 | -0.04 |
| Gain On Sale Of Security | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 3.04 | 4.11 | 3.71 |
| Depreciation And Amortization In Income Statement | 3.04 | 4.11 | 3.71 |
| General And Administrative Expense | 21.78 | 26 | 23.74 |
| Insurance And Claims | 1.04 | 1.13 | 0.97 |
| Salaries And Wages | 20.75 | 24.87 | 22.76 |
| Operating Revenue | 81.67 | 87.70 | 90.32 |
| Occupancy And Equipment | 3.36 | 3.79 | 3.26 |
| Professional Expense And Contract Services Expense | 1.30 | 1.02 | 0.85 |
| Other Non Interest Expense | 9.28 | 11.15 | 10.93 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Commercial Bancgroup, Inc.this co. | CBK | $391M | 10.27 | 1.37 | 13.0% | - |
| RBB Bancorp | RBB | $408M | 10.11 | 0.78 | 6.1% | - |
| GBank Financial Holdings Inc. | GBFH | $407M | 19.55 | 2.44 | 12.6% | - |
| Chaince Digital Holdings Inc. | CD | $406M | - | 8.46 | -11.6% | -100.98 |
| Greene County Bancorp, Inc. | GCBC | $402M |
| 10.31 |
| 1.50 |
| 13.0% |
| - |
| Onity Group Inc. | ONIT | $390M | 2.13 | 0.62 | 30.2% | 25.75 |
| Investar Holding Corporation | ISTR | $381M | 12.22 | 1.00 | 7.6% | - |
| American Integrity Insurance Group, Inc. | AII | $379M | 3.43 | 1.13 | 29.6% | 1.35 |
| First Bank | FRBA | $377M | 8.63 | 0.84 | 9.8% | - |
| Peer Median | - | 10.11 | 1.06 | 11.2% | 1.35 | |