Central Bancompany, Inc. — Third Quarter 2026 Earnings Summary

Financial Performance:

• Net income was $116.2 million ($0.48 per fully diluted share), up from $113.8 million ($0.47) in the prior quarter and $97.1 million ($0.44) in the prior year quarter.
• Adjusted net income was $116.1 million, an increase of $13.7 million year-over-year and $2.8 million from the prior quarter.
• Net interest income totaled $218.9 million, a 10.0% increase year-over-year and 2.9% from the prior quarter.
• Net interest margin (NIM) was 4.48% (4.51% on a fully taxable-equivalent basis), up from 4.40% in the prior quarter and 4.36% in the prior year quarter.
• Average total loans held for investment were $11.7 billion, a quarterly increase of $0.1 billion (3.2% annualized).
• Average total deposits were $15.4 billion, a 4.4% increase from the prior year quarter.
• Average earning assets grew 7.1% year-over-year to $19.4 billion.
• Return on average assets (ROAA) was 2.27%, up from 2.24% in the prior quarter and 2.02% in the prior year quarter.
• Efficiency ratio was 45.9% (45.4% on an FTE basis), improving from 46.5% (46.1% FTE) in the prior quarter and 49.6% (47.7% FTE) in the prior year quarter.
• Provision for credit losses was $4.0 million, up 14.2% from the prior quarter.
• Allowance for credit losses ended at $150.9 million (1.29% of loans held for investment), up slightly from the prior quarter.
• Nonperforming assets were $66.0 million (33 bps of total assets), up from 30 bps in the prior year quarter.
• Annualized net charge-offs were 12 bps of average total loans.
• Total noninterest income was $66.8 million, up 17.0% year-over-year.
• Total noninterest expense was $131.0 million, up 3.2% year-over-year.
• Effective tax rate was 22.8%.
• Book value per share was $16.04, and tangible book value per share was $14.58.
• Common equity tier 1 (CET1) ratio was 29.1% at the consolidated level and 13.4% at the Bank level.

Business Segments and Product Lines:

• Wealth management services revenue increased $3.4 million (16.7%) year-over-year to $23.6 million, supported by 13.8% growth in assets under advice to $17.5 billion.
• Service charges and commissions grew 3.3% year-over-year.
• Payment services revenue grew 4.0% year-over-year.
• Mortgage banking revenues declined $1.5 million (14.3%) year-over-year to $8.8 million due to reduced origination volumes in a higher interest rate environment.
• Average noninterest-bearing deposits grew 6% year-over-year.
• Construction and development loans decreased 9.2% from the prior quarter.
• Non-owner-occupied commercial real estate loans increased 2.8% from the prior quarter.
• Home equity lines of credit increased 5.4% from the prior quarter.
• Other consumer loans decreased 7.1% from the prior quarter.

Management Commentary and Tone:

• CEO John "JR" Ross described the quarter as "strong," citing continued balance sheet growth, disciplined expense management, and solid credit quality.
• Management noted that net interest income and noninterest income growth outpaced expense growth year-over-year.
• Linked-quarter results benefited from net interest margin expansion and higher net interest income driven by an asset-sensitive balance sheet.
• Management highlighted that underlying business fundamentals remained healthy across the franchise.
• Leadership alignment updates included the appointment of Matthew Adams as President and CEO of the Oklahoma market and Brandy Bryant assuming a new enterprise leadership role focused on consumer and small business credit products.
• Management stated that credit quality remained benign and the allowance for credit losses coverage ratio was maintained while modestly increasing the overall reserve balance to support loan growth.

Other Key Points:

• Dividends declared were $0.12 per share, an increase from $0.06 in the prior year quarter.
• The company reported $2.0 billion of excess capital relative to its long-term CET1 target of 13.5%.
• Core tangible book value per share was $6.30, with the remaining $8.28 per share attributable to excess capital.
• The company operates 159 full-service offices and employed 2,921 full-time equivalent employees.
• The Central Trust Bank serves consumers and businesses in Missouri, Kansas, Oklahoma, Colorado, and Florida.
• A conference call and webcast were scheduled for October 27, 2026, at 9:00 a.m. CT.
• Non-GAAP financial measures used include adjusted net income, adjusted noninterest income, efficiency ratio (FTE), and tangible book value per share.