Commercial Bancgroup Declares $0.10 Quarterly Dividend, Authorizes $10M Buyback
Commercial Bancgroup, Inc., a Tennessee-based community bank holding company, declared a quarterly cash dividend of $0.10 per share payable June 30. The board also approved a $10 million stock repurchase program.
Commercial Bancgroup, Inc. (NASDAQ: CBK), the parent company of Commercial Bank, declared a quarterly cash dividend of $0.10 per share on April 27, 2026. The dividend will be paid to shareholders of record as of the close of business on June 15, 2026. Read more dividend announcements.
The Harrogate, Tennessee-based community bank holding company set June 30, 2026 as the payment date for the distribution.
| Dividend Detail | Information |
|---|---|
| Amount | $0.10 per share |
| Record Date | June 15, 2026 |
| Payment Date | June 30, 2026 |
| Frequency | Quarterly |
Share Repurchase Authorization
Concurrent with the dividend declaration, Commercial Bancgroup's board of directors authorized a stock repurchase program allowing the company to buy back up to $10 million of its outstanding common stock. The 2026 Repurchase Program will expire on April 30, 2027, unless extended by the board.
"This stock repurchase authorization highlights our confidence in Commercial's business and our outlook for continued growth," stated Terry L. Lee, the company's President and CEO. "We believe the stock repurchase plan is a solid investment for our shareholders and provides us with the opportunity to leverage our strong financial position to improve our earnings per share."
Repurchases may be executed in the open market, through privately negotiated transactions, or via Rule 10b5-1 trading plans, subject to regulatory requirements and market conditions. The timing, price, and volume of repurchases will be at the company's discretion.
Annual Meeting Results
The dividend and buyback announcements followed Commercial Bancgroup's annual shareholder meeting, also held April 27, 2026. Shareholders elected three Class I directors — Sam A. Mars III, Aaron A. Robertson, and Martha S. Spurlock — to serve until the 2029 annual meeting.
Shareholders also ratified the appointment of Mauldin & Jenkins, LLC as the company's independent registered public accounting firm for fiscal year 2026, with 11,977,716 votes in favor.
Financial Performance
According to the company's most recent financial data, Commercial Bancgroup reported core earnings per share of $2.98 for the twelve months ended, compared to $2.75 in the prior year period. Core return on average assets stood at 1.67%, up from 1.51% year-over-year.
The company's core return on average tangible common equity was 16.65% for the twelve-month period, compared to 17.59% in the prior year. Average assets totaled $2.24 billion, while average tangible common equity reached $224.8 million.
Operating revenue for the twelve-month period came in at $90.4 million, up from $88.5 million in the prior year. The core efficiency ratio improved to 46.67% from 48.92%.