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Financial statements

Commercial Bancgroup, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Commercial Bancgroup, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
Pre-tax income40.647.4
Income tax8.8910.2
Net income to minority interests0.28
Net income31.437.2
EPS, basic2.582.95
EPS, diluted2.542.95
Shares, basic (weighted)12.212.6
Shares, diluted (weighted)12.212.6
Dividend per share0.160.17

Balance sheet

FY2025FY2025
Cash and equivalents178144
Property, plant and equipment50.349.8
Goodwill8.518.51
Intangible assets5.824.26
Other non-current assets30.221.6
Total assets2,3012,291
Short-term debt3.3988.3
Long-term debt10678.6
Total liabilities2,0812,006
Total debt10678.6
Paid-in capital9.3938.4
Retained earnings212248
Other comprehensive income-1.56-0.67
Shareholders' equity220285
Total equity220285
Total liabilities and equity2,3012,291
Shares outstanding12.113.7

Cash flow statement

FY2025FY2025
Net income31.737.2
Depreciation and amortization4.113.71
Stock-based compensation2.140.12
Deferred income tax-1.14-0.23
Cash from operations38.737.1
Capital expenditures-3.04-1.87
Purchases of investments-30.3-31.8
Sales and maturities of investments3437.9
Cash from investing-84.9-32.7
Debt issued2.158.33
Debt repaid-40.2-35.5
Stock issued29.9
Share buybacks-1.83-0.98
Dividends paid-2-2
Cash from financing68.5-38.3
Net change in cash22.3-33.9
Free cash flow35.635.2
Interest paid44.542.4
Income taxes paid9.759.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $32.09 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Effective tax rate20.4%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)13.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)1.7%Net income / average total assets.

Growth

MetricValueHow it is calculated
Net income growth, 1y18.4%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y16.1%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-4.1%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-1.1%Free cash flow vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y6.3%Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y29.6%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-0.4%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y3.4%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Debt / equity0.24xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets3.1%Total debt / total assets.
Liabilities / assets87.3%Total liabilities / total assets.
Net debt-$96.9MTotal debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets0.5%(Goodwill + intangible assets) / total assets.
Tangible book value$290.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
FCF conversion98.0%Free cash flow / net income, when net income is positive.
Capex / operating cash flow5.7%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$2.87Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share$2.82Free cash flow / diluted weighted shares.
Operating cash flow per share$2.98Cash from operations / diluted weighted shares.
Book value per share$22.09Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$21.21Tangible book value / shares outstanding.
Cash per share$12.42(Cash + short-term investments) / shares outstanding.
Payout ratio7.0%Dividends paid / net income, when net income is positive.
Dividends / FCF7.1%Dividends paid / free cash flow, when free cash flow is positive.

Valuation

MetricValueHow it is calculated
Market cap$439.7MShare price x shares outstanding.
Enterprise value$342.8MMarket cap + total debt - cash - short-term investments.
P/E11.2xMarket cap / net income. Only when net income is positive.
P/B1.45xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.51xMarket cap / tangible book value, when positive.
P/FCF11.4xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF10.8xMarket cap / cash from operations, when positive.
EV/FCF8.89xEnterprise value / free cash flow, when both are positive.
FCF yield8.8%Free cash flow / market cap.
Earnings yield9.0%Net income / market cap (the inverse of P/E).
Dividend yield0.6%Dividends paid over the period / market cap.
Shareholder yield0.6%(Dividends paid + share buybacks) / market cap.
Was Commercial Bancgroup, Inc. profitable in fiscal 2025?

Yes. Net income was $37.2M, a net margin of -.

How much free cash flow did Commercial Bancgroup, Inc. generate in fiscal 2025?

Cash from operations of $37.1M minus capital expenditures of $1.9M left free cash flow of $35.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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