CMTV

Shares of Community Bancorp CMTV have lost 0.3% since reporting second-quarter 2026 results compared with a 0.1% decline for the S&P 500 index. Over the past month, however, the stock has gained 4.8%, outperforming the S&P 500’s fall of 1.1%. Community Bancorp reported second-quarter net income of $4.7 million, or 84 cents per share, up 15.5% from $4.1 million, or 72 cents per share, in the prior-year quarter. The improvement was driven by higher net interest income and growth in non-interest income, partially offset by increased provision for credit losses and operating expenses. Total interest income increased 8% year over year to $16 million, while net interest income rose 13.7% to $11.2 million. For the first six months of 2026, net income increased 19.4% to $9.1 million, or $1.62 per share, from $7.6 million, or $1.34 per share, a year earlier. Community Bancorp continued to improve several profitability and capital metrics during the quarter. Quarterly return on average assets increased to 1.53% from 1.38% a year earlier, while return on average shareholders' equity inched up to 15.83% from 15.62%. The net interest margin expanded to 3.95% from 3.64%, reflecting stronger loan yields and balance-sheet management. The efficiency ratio improved to 52.8% from 55.8%, indicating better operating efficiency despite higher expenses. Fully diluted tangible book value per common share increased to $19.51 from $16.63, while the tangible common equity-to-tangible assets ratio improved to 9.41% from 8.21%. Bank-only regulatory capital ratios also strengthened, with total capital to risk-weighted assets rising to 16.05% from 14.85%, and common equity tier 1 capital improving to 14.79% from 13.60%. Balance-sheet trends remained mixed. Total assets were $1.17 billion at June 30, 2026, modestly higher than a year ago but lower than the end of 2025 due to municipal security maturities, the repayment of maturing borrowings and seasonal deposit declines. Gross loans increased $28.8 million, or 3.1%, from the prior-year period, while deposits rose $48.7 million, or 5.2%, year over year. Equity capital reached $120.9 million from $106.3 million a year earlier, and book value per share increased to $21.58 from $18.69. Higher net interest income remained the primary earnings driver during the quarter. Net interest income increased by $1.4 million to $11.2 million as interest and fees on loans rose 7.7%, supported by continued loan growth and higher portfolio yields. Deposit interest expenses increased only modestly, helping widen the net interest margin. Non-interest income also contributed positively, rising 12.3% year over year to $2.3 million. Growth was led by higher other income from loans and increased income from the company's investment in CFS Partners. However, total non-interest expenses increased 7.5% to $7.2 million, reflecting higher salary, benefit and other operating costs. Credit costs also moved higher. The provision for credit losses increased to $721,000 from $407,000 in the year-ago quarter, primarily reflecting continued loan growth under the Current Expected Credit Losses accounting framework. Management also noted that unrealized losses in the available-for-sale securities portfolio remained tied to the prevailing interest-rate environment, although the unrealized equity adjustment improved year over year as bond valuations recovered. President and chief executive officer Christopher Caldwell said that the company maintained strong momentum during the first half of 2026, attributing its performance to its relationship-based community banking strategy. He highlighted that inclusion in both the ABA Nasdaq Community Bank Index and the Russell 2000 Index has increased the company's visibility among investors and could support broader market awareness over time. Caldwell also pointed to a 17% increase in tangible book value per share and a roughly 20% rise in earnings per share for the first six months of 2026 compared with the first half of 2025. He said that the results reflected the company's continued focus on serving customers and communities across Vermont while delivering value to shareholders. The company reported no acquisitions, divestitures or business restructuring during the second quarter. It noted, however, that the optional redemption of all outstanding Series A Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock was completed during the fourth quarter of 2025, simplifying its capital structure. Management reiterated the declaration of a quarterly cash dividend of 25 cents per share, payable Aug. 1, 2026, to shareholders of record as of July 15, 2026. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Community Bancorp. (CMTV): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DERBY, VT / ACCESS Newswire / July 24, 2026 / Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank (the "Bank"), reported consolidated earnings for the second quarter ended June 30, 2026, of $4.7 million or $0.84 per share, an increase of $628,008 or 15.47% compared to $4.1 million or $0.72 per share reported for the second quarter of 2025. Earnings for the six months ended June 30, 2026, were $9.1 million, or $1.62 per share, also a significant increase of $1.5 million or 19.40% compared to $7.6 million or $1.34 per share in the same period in 2025. Second Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs): (Unaudited) Total assets for the Company at June 30, 2026, were $1.17 billion, a decrease of $114.8 million from year end 2025, but $6.2 million or 0.53% higher compared to $1.17 billion as of June 30, 2025. The year-to-date change primarily reflects annual maturities of municipal non arbitrage relationships and lower cash balances used to pay off two maturing advances totaling $25.0 million, as well as a cyclical decrease in deposit balances. Contributing to the Company's year-over-year growth in assets was growth in the Company's gross loan portfolio of $28.8 million, or 3.06%, compared to the 2025 period. Deposit balances increased $48.7 million, or 5.22%, compared to the same period in 2025 but decreased $89.0 million or 8.31% since year end 2025 reflecting cyclical changes. The year-over-year loan growth was primarily funded by a combination of cash, maturities of securities, as well as an increase in core deposits. The Company's securities portfolio totaled $128 million as of June 30, 2026, an 11.45% decrease compared to $144.6 million as of December 31, 2025. The portfolio is classified as available-for-sale and is required to be reported at fair market value with the unrealized loss, net of a deferred tax adjustment, as an adjustment to total equity. Such unrealized losses reflect the interest rate environment, as current rates remain below the coupon rates on the securities, resulting in a fair market value lower than current book values. As of June 30, 2026, the adjustment to equity was $9.4 million, representing an improvement of $3.1 million from the adjustment to equity of $12.5 million on June 30, 2026 and $9.6 million as of December 31, 2025. Total net interest income for the second quarter ended June 30, 2026, increased $1.4 million, or 13.68%, to $11.2 million, compared to $9.9 million for the same quarter in 2025. The quarter-over-quarter improvement reflects an increase of $1.1 million, or 7.72%, in interest and fees on loans due to strong loan growth and higher yields, partially offset by higher interest on deposits expense of $37,533, or 0.94%. Net interest income for the six months ended June 30, 2026, increased $2.9 million or 14.81%, to $22.2 million, compared to $19.3 million for the same period in 2025, reflecting the same trends. The provision for credit losses for the second quarter ended June 30, 2026, was $720,967 compared to $407,046 for the same period in 2025. The year-to-date provision for credit losses was $1.1 million, compared to $732,100 for the same period in 2025. The $380,373 year-over-year increase was driven primarily by strong loan growth. The provision for credit losses for June 30, 2026, was determined under Accounting Standard No. 2016-13, Measurement of Credit Losses on Financial Instruments, commonly referenced as the Current Expected Credit Losses, or CECL. Total non-interest income for the second quarter ended June 30, 2026, of $2.3 million increased $254,036, or 12.34%, compared to $2.1million for the same period in 2025. Total non-interest income for the six months ended June 30, 2026, grew to $4.1 million, compared to $3.6 million for the six months ended June 30, 2025, an increase of $420,767, or 11.57% year-over-year. Total non-interest expenses increased $497,838, or 7.47%, for the second quarter comparison period, and $1.1 million, or 7.98%, for the six months period year-over-year. Equity capital increased to $120.9 million, with a book value per share of $21.58, as of June 30, 2026, compared to equity capital of $113.7 million and a book value per share of $20.36 as of December 31, 2025, and $106.3 million and book value per share of $18.69 as of June 30, 2025. This change includes a decrease of $237,432 in unrealized losses in the investment portfolio year-to-date and a decrease of $3.1 million year-over-year, due to changing bond rates, which increased the fair market value of the investment portfolio, as well as an increase of $6.3 million year-to-date and an increase of $12.8 million year-over-year in retained earnings. The unrealized loss position is considered temporary and does not impact the Company's regulatory capital ratios. In the fourth quarter of 2025, the Company completed the optional redemption of all fifteen of the Company's outstanding shares of its Series A Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. The preferred stock value of $1,500,000 was included in the Company's equity capital as of June 30, 2025. President and CEO Christopher Caldwell commented on the Company's results: "Through the first half of 2026, the company continued its strong performance. Community banking thrives through relationship-based banking and this long-term approach to clients and our communities continues to serve us well. Our inclusion in both the ABA Nasdaq Community Bank Index and the Russell 2000 Index has increased the Company's visibility among investors and may support broader market awareness of our stock over time. Tangible book value per share increased by 17% for the year-to-date period compared to the same period of 2025. Year-to-date earnings per share increased 20% compared to the same period last year, and 16% for the second quarter compared to the same quarter of 2025. These results demonstrate the Company's commitment to serving our customers as Vermont's Community Bank. We are grateful for the trust that our communities, clients, and shareholders have placed in us." As previously announced, the Company declared a quarterly cash dividend of $0.25 per share payable August 1, 2026, to shareholders of record as of July 15, 2026. About Community Bancorp. Community Bancorp. is the parent holding company for Community National Bank, headquartered in Derby, Vermont. Community National Bank is an independent bank that has been serving its communities since 1851, with retail banking offices located in Derby, Derby Line, Island Pond, Barton, Newport, Troy, St. Johnsbury, Montpelier, Barre, Lyndonville, Morrisville and Enosburg Falls as well as loan offices located in Burlington, Vermont and Lebanon, New Hampshire Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements about the Company's financial condition, capital status, dividend payment practices, business outlook and affairs. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Although these statements are based on management's current expectations and estimates, actual conditions, results, and events may differ materially from those contemplated by such forward-looking statements, as they could be influenced by numerous factors which are unpredictable and outside the Company's control. Factors that may cause actual results to differ materially from such statements include, among others, the following: (1) general national or regional economic conditions, national fiscal or monetary policies, or national or international tariff or trade conditions result in a deterioration of the credit quality of our loan portfolio or diminished demand for the Company's products and services; (2) changes in laws or government rules, or the way in which courts interpret those laws or rules, adversely affect the financial industry generally or the Company's business in particular, or may impose additional costs and regulatory requirements; (3) interest rates change in such a way as to reduce the Company's interest margins and its funding sources; and (4) competitive pressures increase among financial services providers in the Company's northern New England market area or in the financial services industry generally, including pressures from nonbank financial service providers, from increasing consolidation and integration of financial service providers and from changes in technology and delivery systems, and other factors that are listed from time to time in our financial filings with the SEC, including our Forms 10Q and 10K. The Company cautions you not to rely unduly on forward-looking statements because the assumptions, beliefs, expectations, and projections about future events may, and often do, differ materially from actual results or events. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law. Use of Non-GAAP Financial Measures In addition to evaluating the Company's results of operations in accordance with generally accepted accounting principles in the United States ("GAAP"), management supplements this evaluation with certain non-GAAP financial measures such as pre-tax, pre-provision income; fully diluted tangible book value per common share and tangible common equity to tangible assets. Management believe these non-GAAP financial measures help investors better understand the Company's operating performance and trends and allow for better performance comparisons to other financial institutions. In addition, these non-GAAP financial measures remove the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for GAAP operating results, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other financial institutions. Reconciliations to the comparable GAAP financial measures can be found at the end of this document. Community Bancorp. And SubsidiaryConsolidated Balance Sheets (unaudited) Community Bancorp. and SubsidiaryConsolidated Statements of Income (unaudited) Community Bancorp. and SubsidiaryEarnings Per Share ("EPS") (unaudited)(Dollars in thousands, except share data) Reconciliation of GAAP to Non-GAAP Measures (unaudited) Community Bancorp. and Subsidiary(Dollars in thousands, except share data) For more information, contact: Investor [email protected] SOURCE: Community Bancorp. Inc Vermont View the original press release on ACCESS Newswire

Shares of Community Bancorp. CMTV have gained 4.6% since reporting results for the first quarter of 2026, outperforming the S&P 500 index’s 0.4% return. Over the past month, the stock has risen 13%, also ahead of the broader market’s 8.7% advance, indicating a favorable investor response to the bank’s recent financial performance and outlook. Community Bancorp reported first-quarter 2026 net income of $4.4 million, or 78 cents per share, representing a 23.9% increase from $3.5 million, or 62 cents per share, in the year-ago period. Total interest income rose to $16 million from $14.5 million a year earlier, reflecting growth of 10.4%, while net interest income climbed 16% to $10.9 million from $9.4 million. Non-interest income increased 11% to $1.7 million. These gains were partially offset by a higher provision for credit losses, which rose to $391,505 from $325,054, and increased non-interest expenses of $7.1 million versus $6.5 million in the prior-year quarter. Overall, earnings growth was driven primarily by higher loan volumes and improved yields. The bank’s balance sheet reflected steady growth on a year-over-year basis. Total assets reached $1.24 billion at March 31, 2026, up 3.99% from $1.12 billion a year earlier, although down from the 2025-end level. Loan growth remained a key driver, with gross loans increasing by $43.6 million, or 4.64%, from the prior year. Deposits also expanded by $38 million, or 3.89%, supporting lending activity. Profitability metrics remained solid, with return on average assets at 1.42% and return on average equity at 15.31%. The net interest margin stood at 3.81%, while the efficiency ratio was 57.4%, indicating relatively controlled operating costs. Capital levels remained strong, with total capital to risk-weighted assets at 15.63% and a tangible common equity ratio of 8.60%. Tangible book value per share rose to $18.81, reflecting continued capital accumulation. The primary driver of improved earnings was the increase in net interest income, supported by both higher loan balances and improved yields. Interest and fees on loans rose year over year by $1.2 million, while income from federal funds sold and overnight deposits also contributed to growth. At the same time, the bank redeployed liquidity from maturing securities into higher-yielding loans, resulting in a decline in the securities portfolio but supporting interest income expansion. The securities portfolio decreased 4.67% from the end of 2025 as funds were redirected into lending activities. Expense growth was driven largely by higher salaries, benefits and other operating costs, which rose in line with business expansion. The provision for credit losses increased modestly under the CECL framework, reflecting loan portfolio growth and ongoing credit risk assessment. President and CEO Christopher Caldwell highlighted the continuation of strong performance, emphasizing relationship banking as a key strategic focus. He noted that the company’s recent uplisting to the Nasdaq Capital Market has improved liquidity and share pricing for investors. Management also underscored growth in tangible book value and earnings per share, pointing to a 4% increase in tangible book value and a 26% rise in EPS from the prior-year period. The commentary suggests confidence in sustaining profitability while maintaining a community-focused banking model. Management also emphasized its commitment to balancing shareholder returns with community engagement. Community Bancorp continued to demonstrate a stable capital position and consistent shareholder returns. Equity capital increased to $116.8 million from $113.7 million at the end of 2025, supported by retained earnings growth. The company declared a quarterly cash dividend of 25 cents per share, up from 24 cents in the prior-year period, reflecting confidence in earnings sustainability. Unrealized losses in the securities portfolio improved from the prior year, driven by changes in interest rates that increased the fair value of investments. These losses, however, remain largely accounting-driven and do not affect regulatory capital ratios. In the first quarter, the company completed an uplisting to the Nasdaq Capital Market, which management believes has enhanced trading liquidity and shareholder value. The prior redemption of its Series A preferred stock, completed in late 2025, continues to influence year-over-year equity comparisons. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Community Bancorp. (CMTV): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DERBY, VT / ACCESS Newswire / April 21, 2026 / Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank (the "Bank"), reported consolidated earnings for the first quarter ended March 31, 2026, of $4.4 million or $0.78 per share, an increase of $843,645 or 23.93% compared to $3.5 million or $0.62 per share reported for the first quarter of 2025. First Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs): (Unaudited) (1) Refer to the "Reconciliation of GAAP to Non-GAAP Measures" section of this document for additional detail. (2) Represents Bank-only ratios. Current period capital ratios are preliminary subject to finalization of the Bank's March 31, 2026 FDIC Call Report. Total assets for the Company at March 31, 2026, were $1.24 billion, a decrease of $52.3 million from year end 2025, but $47 million or 3.99% higher compared to $1.12 billion as of March 31, 2025. Contributing to the Company's year-over-year growth in assets was growth in the Company's gross loan portfolio of $43.6 million, or 4.64%, compared to the 2025 period. Deposit balances increased $38 million, or 3.89%, compared to the same period in 2025 The year-over-year loan growth was primarily funded by a combination of cash, maturities of securities, as well as an increase in core and brokered deposits. The Company's securities portfolio totaled $138 million as of March 31, 2026, a 4.67% decrease compared to $145 million as of December 31, 2025. As stated above, the cashflow from maturing securities was used to fund loan growth during the year. The portfolio is classified as available-for-sale and is required to be reported at fair market value with the unrealized loss, net of a deferred tax adjustment, as an adjustment to total equity. Such unrealized losses reflect the interest rate environment, as current rates remain below the coupon rates on the securities, resulting in a fair market value lower than current book values. As of March 31, 2026, the adjustment to equity was $9.8 million, representing an improvement of $3.6 million from the adjustment to equity of $13.4 million as of March 31, 2025. Total net interest income for the first quarter ended March 31, 2026, increased $1.5 million, or 15.99%, to $11 million, compared to $9.4 million for the same quarter in 2025. The year-over-year improvement reflects an increase of $1.2 million, or 9.21%, in interest and fees on loans due to strong loan growth and higher yields, as well as higher interest on federal funds sold and overnight deposits of $335,150. The provision for credit losses for the first quarter ended March 31, 2026, was $391,505, compared to $325,054 for the same period in 2025. The provision for credit losses for March 31, 2026, was determined under Accounting Standard No. 2016-13, Measurement of Credit Losses on Financial Instruments, commonly referenced as the Current Expected Credit Losses, or CECL. Total non interest income for the first quarter ended March 31, 2026 was $1.7 million, an increase of $166,731, or 11%, from $1.6 million for the same period in 2025. Equity capital increased to $116.8 million, with a book value per share of $20.88, as of March 31, 2026, compared to equity capital of $113.7 million and a book value per share of $20.36 as of December 31, 2025. This change includes an increase of $164,132 in unrealized losses in the investment portfolio year to date and a decrease of $3.6 million year over year, due to changing bond rates, which increased the fair market value of the investment portfolio, as well as an increase of $2.9 million in the current year first quarter and an increase of $12.2 million year over year in retained earnings. The unrealized loss position is considered temporary and does not impact the Company's regulatory capital ratios. In the fourth quarter of 2025, the Company completed the optional redemption of all fifteen of the Company's outstanding shares of its Series A Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. The preferred stock value of $1,500,000 was included in the Company's equity capital as of March 31, 2025. President and CEO Christopher Caldwell commented on the Company's results: "The first quarter of 2026 was a continuation of the strong performance of our bank. We continue to stress the value of relationship banking throughout our footprint. This quarter we were able to uplist to the Nasdaq Capital Markets exchange. This move has generated improved liquidity and price for our shareholders. Our performance continues to help us provide a strong return to our shareholders and our communities. We are pleased to see our tangible book value increase in the first quarter by 4% while our quarter earnings per share increased by 26% compared to March 31, 2025. We remain committed to running a bank that our communities find helpful and beneficial while supporting our investors' trust in our company". As previously announced, the Company declared a quarterly cash dividend of $0.25 per share payable May 1, 2026, to shareholders of record as of April 26, 2026. About Community Bancorp. Community Bancorp. is the parent holding company for Community National Bank, headquartered in Derby, Vermont. Community National Bank is an independent bank that has been serving its communities since 1851, with retail banking offices located in Derby, Derby Line, Island Pond, Barton, Newport, Troy, St. Johnsbury, Montpelier, Barre, Lyndonville, Morrisville and Enosburg Falls as well as loan offices located in Burlington, Vermont and Lebanon, New Hampshire Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements about the Company's financial condition, capital status, dividend payment practices, business outlook and affairs. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Although these statements are based on management's current expectations and estimates, actual conditions, results, and events may differ materially from those contemplated by such forward-looking statements, as they could be influenced by numerous factors which are unpredictable and outside the Company's control. Factors that may cause actual results to differ materially from such statements include, among others, the following: (1) general national or regional economic conditions, national fiscal or monetary policies, or national or international tariff or trade conditions result in a deterioration of the credit quality of our loan portfolio or diminished demand for the Company's products and services; (2) changes in laws or government rules, or the way in which courts interpret those laws or rules, adversely affect the financial industry generally or the Company's business in particular, or may impose additional costs and regulatory requirements; (3) interest rates change in such a way as to reduce the Company's interest margins and its funding sources; and (4) competitive pressures increase among financial services providers in the Company's northern New England market area or in the financial services industry generally, including pressures from nonbank financial service providers, from increasing consolidation and integration of financial service providers and from changes in technology and delivery systems, and other factors that are listed from time to time in our financial filings with the SEC, including our Forms 10Q and 10K. The Company cautions you not to rely unduly on forward-looking statements because the assumptions, beliefs, expectations, and projections about future events may, and often do, differ materially from actual results or events. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law. Use of Non-GAAP Financial Measures In addition to evaluating the Company's results of operations in accordance with generally accepted accounting principles in the United States ("GAAP"), management supplements this evaluation with certain non-GAAP financial measures such as pre-tax, pre-provision income; fully diluted tangible book value per common share and tangible common equity to tangible assets. Management believe these non-GAAP financial measures help investors better understand the Company's operating performance and trends and allow for better performance comparisons to other financial institutions. In addition, these non-GAAP financial measures remove the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for GAAP operating results, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other financial institutions. Reconciliations to the comparable GAAP financial measures can be found at the end of this document. Community Bancorp. And Subsidiary Consolidated Balance Sheets (unaudited) Community Bancorp. and Subsidiary Consolidated Statements of Income (unaudited) Community Bancorp. and Subsidiary Earnings Per Share ("EPS") (unaudited) (Dollars in thousands, except share data) Reconciliation of GAAP to Non-GAAP Measures (unaudited) Community Bancorp. and Subsidiary (Dollars in thousands, except share data) For more information, contact: Investor Relations [email protected] SOURCE: Community Bancorp. Inc Vermont View the original press release on ACCESS Newswire

HILLSDALE, Mich., April 10, 2026--(BUSINESS WIRE)--CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank (the "Bank"), today announced earnings for the three months ended March 31, 2026. Earnings during the first quarter of 2026 totaled $3.0 million, an increase of $295,000, or 11.1%, compared to the $2.7 million earned during the three months ended March 31, 2025. Basic earnings per share for CNB Community Bancorp, Inc. (the "Company") increased to $1.49 during the three months ended March 31, 2026, up $0.19 from $1.30 during the first quarter of 2025. The annualized return on average assets ("ROA") increased to 0.89% for the three months ended March 31, 2026, up 6 basis points, or 8.4%, from 0.83% for the three months ended March 31, 2025. The annualized return on average equity ("ROE") increased to 11.11% for the current quarter, up from 10.63% for the first quarter of 2025. Book value per share increased to $54.58 at March 31, 2026, up $4.68, or 9.4%, from $49.90 at March 31, 2025. Joseph R. Williams, President and Chief Executive Officer of CNB Community Bancorp, Inc. and County National Bank, stated, "The results for the first three months of 2026 were a significant improvement over the beginning of 2025. The improvement was due, in part, to a changing rate environment from which CNB was well positioned to benefit. Furthermore, our associates continued to develop relationships in all of the communities CNB serves. Therefore, our shareholders have seen improvements in book value, earnings per share, and market value over the last twelve months due to these efforts as well as our share repurchases. CNB focuses on our Michigan communities, we understand that the international environment is impactful whether it is on the overall rate environment, the economic environment, or the international supply chain. However, I am positive in my thoughts on the fiscal strength of our communities and the fortitude of our nation. We will move past these times, and CNB is going to continue to lend and develop our deposit relationships in all of our communities in 2026 and beyond." Financial Highlights Total assets increased year-over-year $36.1 million, or 2.8%, to $1.33 billion compared to March 31, 2025, and increased $12.1 million, or 0.9% from December 31, 2025. Net loans increased $48.1 million, or 4.6%, to $1.09 billion at March 31, 2026, compared to $1.04 billion at March 31, 2025, and increased $4.5 million, or 0.4%, from December 31, 2025. Total deposits increased $6.0 million, or 0.5%, to $1.13 billion at March 31, 2026, compared to March 31, 2025, and increased $12.5 million, or 1.1% from December 31, 2025. Tangible book value per share increased $4.63, or 9.4%, to $53.27 at March 31, 2026, up from $48.64 at March 31, 2025, and up $0.87, or 1.7%, from $52.40 at December 31, 2025. The Company repurchased 26,582 shares in the first quarter of 2026 as part of the ongoing buyback announced earlier in 2026, paying $45.00 per share. Total shares outstanding are 2,010,690 as of March 31, 2026 compared to 2,038,598 at December 31, 2025. Net income increased $295,000, or 11.1%, to $3.0 million for the three-month period ended March 31, 2026, and basic EPS increased $0.19, or 14.4%, from $1.30 to $1.49 in the first quarter of 2026 in comparison to the first quarter of 2025. Net interest income for the first quarter of 2026 increased $1.1 million to $12.4 million from $11.3 million for the three months ended March 31, 2025. Pre-tax, pre-provision income increased $449,000 to $4.0 million in the first quarter of 2026, a 12.8% increase from the first quarter of 2025. Balance Sheet Review The Company’s assets totaled $1.33 billion at March 31, 2026, compared to $1.32 billion in assets at December 31, 2025, and $1.30 billion at March 31, 2025. The change in assets was resultant from an increase in lending to new and existing clients, along with additional debt securities purchased in the fourth quarter of 2025. The funding was derived from an increase in client deposits and additional borrowings along with an asset shift from cash to loans and debt securities. Net loans totaled $1.09 billion at March 31, 2026, compared to $1.08 billion at December 31, 2025, and $1.04 billion at March 31, 2025. The loan portfolio at March 31, 2026, included: $621.5 million in commercial real estate loans, $255.7 million in commercial loans, $186.9 million in residential real estate loans, and $35.7 million in consumer loans. Nonperforming assets (which are comprised of nonperforming loans and other real estate owned) at March 31, 2026, were $16.8 million, consistent with December 31, 2025, and an increase of $10.0 million, or 146.5%, from the $6.8 million at March 31, 2025. Nonperforming assets as a percentage of total assets slightly decreased to 1.26% at March 31, 2026, from 1.27% from December 31, 2025, and increased from 0.53% at March 31, 2025. Nonperforming loans at March 31, 2026, were $16.5 million, a decrease of $35,000, or 0.2%, from the $16.6 million balance at December 31, 2025, and an increase of $9.7 million, or 142.9%, from the $6.8 million balance at March 31, 2025. Nonperforming loans as a percentage of total loans slightly decreased to 1.50% at March 31, 2026, from 1.51% at December 31, 2025, and increased from 0.65% at March 31, 2025. The year-over-year increase in nonperforming loans and assets were not particular to a specific industry or geographic area but rather a few larger credit relationships that are being worked out and, as such, have been classified as nonperforming. During the first quarter of 2026, the Bank recorded a provision for credit losses of $275,000, which is a decrease of $1.5 million from $1.8 million recorded during the fourth quarter of 2025 and an increase of $85,000 from a provision of $190,000 recorded during the first quarter of 2025. Net recoveries totaled $41,000 during the first quarter of 2026 compared to net charge-offs of $2.4 million in the fourth quarter of 2025 and $5,000 in the first quarter of 2025. Net charge-offs (annualized) as a percentage of average loans was 0.00% for the first quarter of 2026, 0.95% for the fourth quarter of 2025 and 0.00% for the first quarter of 2025. The allowance for credit losses totaled $12.4 million at March 31, 2026 compared to $12.1 million at December 31, 2025 and $13.4 million at March 31, 2025. The allowance for credit losses as a percentage of total loans increased to 1.12% at March 31, 2026, compared to 1.10% at December 31, 2025, and decreased from 1.27% at March 31, 2025. The allowance as a percentage of loans decreased year-over-year as a result of the $3.6 million in charge-offs in 2025, the increase in the loan portfolio, and certain inputs in the allowance calculation including loss history and overall economic conditions. The allowance will continue to be adjusted based upon the current and potential issues inherent in the portfolio. Total investment securities exclusive of the Federal Home Loan Bank of Indianapolis, Federal Reserve Bank, and other stock without readily determined fair value, aggregated to $166.6 million at March 31, 2026, which is a decrease from $170.2 million at December 31, 2025, and an increase from $121.4 million at March 31, 2025. This decrease from year-end 2025 was a result of maturities of US Treasury securities and amortization of purchase premiums and paydowns of mortgage- backed securities. The year-over-year increase was due to the purchase of $62 million in debt securities related to a strategy of further leveraging the Bank’s balance sheet partially offset by the aforementioned maturities, amortization, and paydowns. While continued growth of the loan portfolio remains the primary focus for Bank management, the Bank will continue to manage the securities portfolio through prudent investment in securities that align with the Bank’s investment criteria when excess cash is available. Noninterest bearing deposits have decreased by $16.1 million (7.4%) from $216.3 million at December 31, 2025, and decreased by $2.8 million (1.4%) from $203.0 million one year ago. Interest bearing deposits have increased from $901.2 million at December 31, 2025, and $921.0 million at March 31, 2025, to $929.8 million at March 31, 2026. Deposits are being impacted by the changing rate environment as the competition from higher yielding non-depository investment vehicles continues within the markets for consumer, commercial, and public fund deposits. The results have been a reallocation of deposits resulting in a reduction in noninterest-bearing deposits. Growth continues through ongoing efforts of our associates in retaining existing clients as well as expanding relationships within the communities that the Bank serves. The Company’s outstanding borrowings decreased by $265,000 to $82.7 million at March 31, 2026, compared to $83.0 million at December 31, 2025, and increased by $23.6 million from $59.1 million at March 31, 2025. The decrease from year-end 2025 was due to the normal paydown of senior debt at the holding company. The increase from March 31, 2025, was the result of a borrowing at the Bank of $15.6 million and a $10.8 million borrowing at the holding company done in conjunction with the stock repurchase completed in the third quarter of 2025 and the aforementioned leverage strategy. Total shareholders’ equity increased $335,000 (0.3%) from $107.8 million at December 31, 2025, and $5.9 million (5.8%) from $102.2 million a year ago. The $335,000 increase was mainly related to earnings during the first quarter of 2026 of $3.0 million, which was mostly offset by the repurchase of $1.2 million in holding company shares, an increase of $762,000 in the unrealized loss on available-for sale securities, and a $0.33 per share cash dividend totaling $664,000. On a year-over- year basis, the increase of $5.9 million in equity was predominately related to net income of $12.3 million and an increase in common stock from vesting of restricted shares and stock grants of $786,000. The partial offset was a result of the tender offers that have repurchased 85,722 shares at $3.9 million, the $3.0 million in dividends paid over the last twelve months to shareholders, and a $155,000 increase in the loss position of OCI from temporary market value adjustments to the securities portfolio. Net Interest Income and Net Interest Margin Net interest income, on a non-fully tax equivalent basis, was $12.4 million for the quarter ended March 31, 2026, up $1.1 million, or 9.5%, from $11.3 million during the first quarter of 2025. Interest income for the first quarter of 2026 increased $848,000, or 4.9%, from $17.3 million for the first quarter of 2025 to $18.1 million during the first quarter of 2026, mainly due to increases in rate and volume across the loan portfolio. Interest expense decreased $231,000 to $5.7 million for the first quarter of 2026 which was predominately resultant from a 9.0% decrease in cost of funds. This decrease was driven by certificates of deposit rates resetting at lower current market values along with overall decrease in rates on higher yielding money market and public funds accounts. The decrease was minimally offset by deposits continuing to transition to interest- bearing accounts from noninterest-bearing accounts as well as overall growth in deposits. Net interest margin ("NIM") is net interest income expressed as a percentage of average interest-earning assets. For the quarter ended March 31, 2026, the net interest margin on a fully taxable equivalent basis increased to 3.98% from 3.74% for the first quarter of 2025. Much of the change in margin has been a product of the market rates continuing to moderate with the cost of funds decreasing 9.0%, or 18 basis points, to 1.83% from 2.01%. Over that same period, the yield on earning assets slightly improved to 5.68% in the first quarter of 2026 from 5.67% during that same period in 2025. Noninterest Income/Expense During the three months ended March 31, 2026, noninterest income totaled $2.0 million, consistent with the three months ended March 31, 2025. Noninterest income was similar year-over-year without material changes to products or revenue. Noninterest expense totaled $10.5 million during the three months ended March 31, 2026, an increase of $600,000 from the first quarter of 2025. The largest components of the year-over-year increase in noninterest expense were an increase compensation and benefits of $211,000 and occupancy and equipment expense of $166,000. The increase in associate related expense was driven by an increase in the number of associates as well as increases in expense for insurance and incentives. The increase in occupancy and equipment expense was mainly due to software expense increases across multiple different line items and renovation to the existing network of buildings owned or leased by the Bank. About CNB Community Bancorp Inc. CNB Community Bancorp, Inc. (OTCQX:CNBB) is a one-bank holding company. Its subsidiary bank, County National Bank ("CNB"), is a nationally chartered full-service community bank that also offers investment management and trust services and has been serving southern Michigan since 1934. The corporate headquarters are in Hillsdale, Michigan. CNB provides a wide array of financial products and services through its 13 full-service offices, three loan production offices, and 18 ATMs. Safe Harbor Statement This news release and other releases and reports issued by the Company may contain "forward-looking statements." The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company is including this statement for purposes of taking advantage of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. View source version on businesswire.com: https://www.businesswire.com/news/home/20260410565154/en/ Contacts Investor Contact: Erik A. Lawson, CFO [email protected] 517-439-6115 Media Contact: Craig S. Connor, Chairman of the Board Joseph R. Williams, President & CEO

When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can see its share price rise well over 100%. For instance, the price of Community Bancorp (NASDAQ:CMTV) stock is up an impressive 103% over the last five years. Also pleasing for shareholders was the 33% gain in the last three months. This could be related to the recent financial results, released recently - you can catch up on the most recent data by reading our company report. Since the stock has added US$18m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Over half a decade, Community Bancorp managed to grow its earnings per share at 8.4% a year. This EPS growth is lower than the 15% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Community Bancorp, it has a TSR of 159% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! It's good to see that Community Bancorp has rewarded shareholders with a total shareholder return of 90% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 21% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid. Community Bancorp is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Shares of Community Bancorp. CMTV have remained flat since reporting earnings for the fourth quarter of 2025. This compares to the S&P 500 index’s 0.3% return over the same time frame. Over the past month, the stock has risen 12.5% compared with the S&P 500’s 1.4% growth. Community Bancorp reported solid earnings growth for both the fourth quarter and the year ended Dec. 31, 2025. Fourth-quarter net income rose to $4.6 million, or 83 cents per share, from $4.1 million, or 73 cents per share, in the year-ago period, representing a 13.1% increase in net income and a 13.7% rise in earnings per share. For 2025, net income increased to $17 million, or $3.01 per share, from $12.8 million, or $2.28 per share, in 2024. This reflected a 32.9% year-over-year increase in net income and a 32% rise in full-year EPS, supported by stronger net interest income and higher non-interest revenues. Balance sheet growth remained steady in the year. Total assets reached $1.29 billion at Dec. 31, 2025, up $38.6 million, or 3.1%, from the prior year. Gross loans increased year over year by $37 million or 4%, reflecting continued loan demand, while deposit balances grew by $69 million or 6.9%. Cash and cash equivalents also rose meaningfully, increasing 15.4% from the end of 2024. The securities portfolio declined 9.5% to $144 million as cash flows from maturing securities were redeployed into loan growth. Capital ratios remained strong, with total capital to risk-weighted assets at 15.2% and common equity tier 1 capital at 13.95% at the year-end. Profitability metrics showed improvement. Full-year return on average assets was 1.41%, while return on average shareholders’ equity reached 16.04%. Net interest margin for the year was 3.68%, reflecting higher loan yields and controlled funding costs. The efficiency ratio stood at 57% for the full year, indicating relatively stable expense management despite higher operating costs. President and chief executive officer Christopher Caldwell highlighted disciplined balance sheet management and customer-focused strategies as key contributors to the company’s performance. He noted that earnings growth was driven by prudent loan and deposit management, alongside a continued emphasis on credit quality and efficient capital use. Caldwell also pointed to the 20% increase in tangible book value and more than 30% growth in earnings per share as evidence of value creation for shareholders, while acknowledging ongoing economic uncertainty and competitive pressures in the banking environment. Net interest income was a primary driver of earnings growth. Fourth-quarter net interest income increased 16% year over year to $11 million, while full-year net interest income rose 18% to $40.9 million. This improvement was largely attributable to higher interest and fee income on loans, which increased 9.3% for the year, reflecting both loan growth and improved yields. Interest expenses rose at a slower pace, with deposit interest expenses increasing modestly compared with growth in earning assets. Provision for credit losses increased in the quarter and year, reflecting a commercial loan charge-off in the fourth quarter of 2025. The quarterly provision rose to $382,807 from $27,504 in the prior-year quarter, while the full-year provision increased to $1.4 million from $1.1 million. Despite this, net loan charge-offs as a percentage of average loans remained low at 0.04%. Non-interest income also contributed positively. Fourth-quarter non-interest income increased 23% year over year, while full-year non-interest income rose 10.1% to $7.9 million. These gains were partially offset by higher non-interest expenses, which increased 6% for the full year, driven by higher salaries, benefits and other operating costs. In the fourth quarter, Community Bancorp completed the optional redemption of all outstanding shares of its Series A Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, eliminating $1.5 million of preferred equity from its capital structure. The company also declared a quarterly cash dividend of 25 cents per share, payable Feb. 1, 2026, reflecting a dividend payout ratio of approximately 33% for the year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Community Bancorp. (CMTV): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DERBY, VT / ACCESS Newswire / January 27, 2026 / Community Bancorp. (OTCQX:CMTV), the parent company of Community National Bank (the "Bank"), reported consolidated earnings for the fourth quarter ended December 31, 2025, of $4.6 million or $0.83 per share, an increase of $536,850 or 13.10% compared to $4.1 million or $0.73 per share reported for the fourth quarter of 2024. Full year earnings for 2025 were $17 million or $3.01 per share, compared to $12.8 million or $2.28 per share for the prior year period, a significant increase of $4.2 million or 32.93%. On a per share basis, earnings increased 13.70% in the 2025 fourth quarter to $0.83 per share compared to the prior year period; on an annual basis, earnings per share of $3.01 increased 32.02% year-over-year. Full Year 2025 and Fourth Quarter 2025 Financial Highlights and Key Performance Indicators (KPIs): (Unaudited) Total assets for the Company at December 31, 2025, were $1.29 billion, an increase of $38.6 million from year end 2024, a 3.09% year-over-year increase. Contributing to the Company's year-over-year growth in assets was growth in the Company's gross loan portfolio of $37 million, or 4.02%, compared to year end 2024 as well as an increase in cash of $17 million or 15.43%. Deposit balances increased $69 million, or 6.89%, compared to the same period in 2024. The year-over-year loan growth was primarily funded by a combination of cash, maturities of securities, as well as an increase in core and brokered deposits. The Company's securities portfolio totaled $144 million as of December 31, 2025, a 9.50% decrease compared to $160 million as of December 31, 2024. As stated above, the cashflow from maturing securities was used to fund loan growth during the year. The portfolio is classified as available-for-sale and is required to be reported at fair market value with the unrealized loss, net of a deferred tax adjustment, as an adjustment to total equity. Such unrealized losses reflect the interest rate environment, as current rates remain below the coupon rates on the securities, resulting in a fair market value lower than current book values. As of December 31, 2025, the adjustment to equity was $9.6 million, representing an improvement of $6.2 million from the adjustment to equity of $15.8 million as of December 31, 2024. Total net interest income for the fourth quarter ended December 31, 2025, increased $1.5 million, or 15.98%, to $11 million, compared to $9.5 million for the same quarter in 2024. The year-over-year improvement reflects an increase of $1.2 million, or 9.26%, in interest and fees on loans due to strong loan growth and higher yields, offset by only slightly higher interest expense on deposits of $116,985, or 2.93%, and on repurchase agreements of $25,104, or 11.10%. Net interest income for the year ended December 31, 2025, increased $6.2 million or 18.03%, to $40.9 million, compared to $34.6 million for the year ended December 31, 2024, reflecting the same trends. The provision for credit losses for the fourth quarter ended December 31, 2025, was $382,807, compared to $27,504 for the same period in 2024. The charge off of a commercial loan in the amount of $299 thousand in the fourth quarter of 2025 resulted in net charge offs for the quarter of $296,594. This compares to net charge offs of $1,284 for the fourth quarter of 2024, due to a recovery of a loan previously charged off earlier in 2024. The recovery in 2024 resulted in a lower provision for the fourth quarter. The year-to-date provision for credit losses was $1.4 million, compared to $1.1 million for the same period in 2024. The $240,250 year-over-year increase was driven partly by the charge off of a commercial loan in 2025. The provision for credit losses for December 31, 2025, was determined under Accounting Standard No. 2016-13, Measurement of Credit Losses on Financial Instruments, commonly referenced as the Current Expected Credit Losses, or CECL. Total non-interest income for the fourth quarter ended December 31, 2025, of $2.2 million increased $407,715, or 23.04%, compared to $1.8 million for the same period in 2024. Total non-interest income for the year ended December 31, 2025, grew to $7.9 million, compared to $7.2 million for the year ended December 31, 2024, an increase of $727,089, or 10.12% year-over-year. Total non-interest expenses increased 13.19%, for the fourth quarter comparison period, and $1.5 million, or 6%, year-over-year. Equity capital increased to $113.7 million, with a book value per share of $20.36, as of December 31, 2025, compared to equity capital of $98.0 million and a book value per share of $17.24 as of December 31, 2024. This change includes a decrease of $6.2 million in unrealized losses in the investment portfolio year-over-year, due to changing bond rates, which increased the fair market value of the investment portfolio. The unrealized loss position is considered temporary and does not impact the Company's regulatory capital ratios. In the fourth quarter of 2025, the Company completed the optional redemption of all fifteen of the Company's outstanding shares of its Series A Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. The preferred stock value of $1,500,000 was included in the Company's equity capital as of December 31, 2024. President and CEO Christopher Caldwell commented on the Company's results: "Our earnings for 2025 represent the strong performance of Community National Bank. Our strong earnings performance is a direct result of disciplined approaches to the loan and deposit sides of our balance sheet. At the same time, our renewed focus on the customer resulted in deeper relationships amidst economic uncertainty. We continue to keep our focus on credit quality, efficient use of capital, and maximizing shareholder return as proven by our tangible book value going up by 20% and earnings per share increasing by 32% year-over-year. As we announce our 2025 earnings results, I want to extend my gratitude to everyone who has contributed to another year of growth and progress for our Company. Thanks to our dedicated team and loyal stakeholders, we navigated an ever-changing economic environment, delivered solid financial performance, and remained steadfast in our commitment to customer service and our core values. As we embark on the celebration of the Community National Bank's 175th anniversary, and on behalf of the entire leadership team, I want to take this opportunity to thank our communities for their unwavering support. We are excited about the journey ahead and confident that, together, we will write the next successful chapter in our Company's story." As previously announced, the Company declared a quarterly cash dividend of $0.25 per share payable February 1, 2026, to shareholders of record as of January 15, 2026. About Community Bancorp. Community Bancorp. is the parent holding company for Community National Bank, headquartered in Derby, Vermont. Community National Bank is an independent bank that has been serving its communities since 1851, with retail banking offices located in Derby, Derby Line, Island Pond, Barton, Newport, Troy, St. Johnsbury, Montpelier, Barre, Lyndonville, Morrisville and Enosburg Falls as well as loan offices located in Burlington, Vermont and Lebanon, New Hampshire Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements about the Company's financial condition, capital status, dividend payment practices, business outlook and affairs. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Although these statements are based on management's current expectations and estimates, actual conditions, results, and events may differ materially from those contemplated by such forward-looking statements, as they could be influenced by numerous factors which are unpredictable and outside the Company's control. Factors that may cause actual results to differ materially from such statements include, among others, the following: (1) general national or regional economic conditions, national fiscal or monetary policies, or national or international tariff or trade conditions result in a deterioration of the credit quality of our loan portfolio or diminished demand for the Company's products and services; (2) changes in laws or government rules, or the way in which courts interpret those laws or rules, adversely affect the financial industry generally or the Company's business in particular, or may impose additional costs and regulatory requirements; (3) interest rates change in such a way as to reduce the Company's interest margins and its funding sources; and (4) competitive pressures increase among financial services providers in the Company's northern New England market area or in the financial services industry generally, including pressures from nonbank financial service providers, from increasing consolidation and integration of financial service providers and from changes in technology and delivery systems, and other factors that are listed from time to time in our financial filings with the SEC, including our Forms 10Q and 10K. The Company cautions you not to rely unduly on forward-looking statements because the assumptions, beliefs, expectations, and projections about future events may, and often do, differ materially from actual results or events. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law. Use of Non-GAAP Financial Measures In addition to evaluating the Company's results of operations in accordance with generally accepted accounting principles in the United States ("GAAP"), management supplements this evaluation with certain non-GAAP financial measures such as pre-tax, pre-provision income; fully diluted tangible book value per common share and tangible common equity to tangible assets. Management believe these non-GAAP financial measures help investors better understand the Company's operating performance and trends and allow for better performance comparisons to other financial institutions. In addition, these non-GAAP financial measures remove the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for GAAP operating results, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other financial institutions. Reconciliations to the comparable GAAP financial measures can be found at the end of this document. Community Bancorp. And Subsidiary Consolidated Balance Sheets (unaudited) Community Bancorp. and Subsidiary Consolidated Statements of Income (unaudited) Community Bancorp. and Subsidiary Consolidated Statements of Income (unaudited) Community Bancorp. and Subsidiary Earnings Per Share ("EPS") (unaudited) (Dollars in thousands, except share data) Reconciliation of GAAP to Non-GAAP Measures (unaudited) Community Bancorp. and Subsidiary (Dollars in thousands, except share data) For more information, contact: Investor Relations [email protected] SOURCE: Community Bancorp. Inc Vermont View the original press release on ACCESS Newswire

HILLSDALE, Mich., January 23, 2026--(BUSINESS WIRE)--CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank (the "Bank"), today announced earnings for the three and twelve months ended December 31, 2025. Earnings during the fourth quarter of 2025 totaled $3.1 million, an increase of $664,000, or 27.1%, compared to the $2.4 million earned during the three months ended December 31, 2024. The increase in net income was predominately the result of an increase in net interest income of $1.3 million and a decrease in noninterest expense associated with compensation and benefits as the expense decreased $922,000 partially offset by an increase in the provision for credit losses of $1.5 million. In part due to the buyback of shares completed in September of this year, the basic earnings per share for CNB Community Bancorp, Inc. (the "Company") increased to $1.56 during the three months ended December 31, 2025, up $0.36 from $1.20 for the fourth quarter of 2024. For the year ended December 31, 2025, the Company reported net income of $12.0 million, which was up from the $11.6 million earned during the year ended December 31, 2024, predominately resultant from the increase in net interest income minus provision for credit losses of $2.0 million, or 4.7%, somewhat offset by an increase in compensation and occupancy expense of $1.4 million, or 5.1%. Basic earnings per share increased to $5.88 during the year ended December 31, 2025, up $0.46 from $5.42 for the year ended December 31, 2024. The annualized return on average assets ("ROA") increased to 0.93% for the three months ended December 31, 2025, up 15 basis points from 0.78% for the three months ended December 31, 2024. The annualized return on average equity ("ROE") increased to 11.66% for the current quarter, up from 9.87% for the fourth quarter of 2024. ROA declined to 0.92% for the year ended December 31, 2025, down one basis point from the 0.93% during the year ended December 31, 2024. ROE was 11.53% during the year ended December 31, 2025, down from 11.74% during the year ended December 31, 2024. Book value per share increased to $53.69 at December 31, 2025, up $5.04 from $48.65 at December 31, 2024. "In 2025, we maintained focus on our three pillars: shareholders, communities, and associates. This strategy yielded solid results in the improvement of CNB’s earnings per share in 2025," said Joseph R. Williams, President and CEO. "These positive results were tempered by net charge-offs in 2025 of approximately $3.6 million; however, the impact on CNB was lessened due to our strong core earnings." "Furthermore, regarding the charge-offs, we have performed a complete analysis of these charge-offs and their cause, which has provided us with the path towards being a better community lender going forward," Williams added. "We have grown more significantly in the last decade than we did in the previous eight decades. With that growth has come expansion to underbanked communities, high returns on investment for our shareholders, and the addition of many jobs in those communities. However, with any such growth, there are challenges and a need to evolve. We understand that here at CNB, and we will be even more prepared to serve our communities going forward due to the lessons we have learned." Financial Highlights Total assets increased year-over-year $39.4 million, or 3.1%, to $1.32 billion. Net loans increased $50.5 million, or 4.9%, to $1.08 billion at December 31, 2025 compared to $1.03 billion at December 31, 2024. Net charge-offs for 2025 increased to $3.6 million up 661.1% from $473,000 during 2024. Total deposits increased approximately $20.4 million, or 1.9%, to $1.12 billion at December 31, 2025. Book value per share increased $5.04, or 10.4%, to $53.69 at December 31, 2025, up from $48.65 at December 31, 2024. The Company completed a tender offer to repurchase 59,190 shares in the third quarter of 2025 paying its shareholders $44.09 per share. Total shares outstanding are 2,038,598 as of December 31, 2025. Net income increased $664,000, or 27.1%, to $3.1 million for the three-month period ended December 31, 2025 with basic EPS increasing $0.36, or 30.2%, to $1.56 from $1.20 in the fourth quarter of 2024. Net interest income for the fourth quarter of 2025 increased $1.3 million to $12.7 million while for the twelve months ended December 31, 2025 net interest income increased $3.5 million or 7.9%. Pre-tax, pre-provision income increased approximately $2.3 million to $5.7 million in the fourth quarter of 2025, compared to $3.4 million in the fourth quarter of 2024. For 2025, pre-tax, pre- provision income was $17.3 million, compared to $15.4 million for 2024, an increase of 12.8%. Balance Sheet Review The Company’s assets totaled $1.32 billion at December 31, 2025 compared to $1.28 billion at December 31, 2024. The change in composition of assets was predominately related to the fluctuation in investable assets as funding of the asset side of the balance sheet has varied with cash being repositioned to investments and new credits. The remaining growth in assets is being funded by growth in client deposits and, to a lesser extent, borrowings. Net loans totaled $1.08 billion at December 31, 2025, compared to $1.03 billion at December 31, 2024. The loan portfolio at December 31, 2025 included: $630.4 million in commercial real estate loans, $241.5 million in commercial loans, $186.7 in residential real estate loans, and $36.5 million in consumer loans. Nonperforming assets at December 31, 2025 were $16.8 million, an increase of $10.0 million, or 146.8%, from the $6.8 million at December 31, 2024. Nonperforming assets as a percentage of total assets increased to 1.27% at December 31, 2025 from 0.53% at December 31, 2024. At December 31, 2025, other real estate owned consisted of two properties totaling $245,000 compared to none at year end 2024. Nonperforming loans at December 31, 2025 were $16.6 million, an increase of $9.8 million, or 143.2%, from the $6.8 million balance at December 31, 2024. Nonperforming loans as a percentage of total loans increased to 1.51% at December 31, 2025, compared to 0.65% at December 31, 2024. The level within CNB’s nonperforming credits increased based mainly upon the addition of two large credits that involve commercial real estate. These two credits total approximately $10 million and are in the process of a workout with both credits having been reviewed individually for impairment and charged-off as appropriate. The remaining portion of nonperforming loans remains consistent with previously reported levels. During the fourth quarter of 2025, a provision for credit losses of $1.8 million was recorded, which is an increase of $1.5 million from a provision of $362,000 recorded during the fourth quarter of 2024. Net charge-offs totaled $2.4 million during the fourth quarter of 2025 compared to net charge-offs of $651,000 in the fourth quarter of 2024. The charge-offs from the current quarter were significantly related to a single commercial real estate credit in the process of a workout. Net charge-offs (annualized) as a percentage of average loans was 0.95% for fourth quarter of 2025, which was an increase from the net charge-offs of 0.26% in the fourth quarter of 2024. The allowance for credit losses totaled $12.1 million at December 31, 2025 compared to $13.2 million at December 31, 2024. The allowance for credit losses as a percentage of total loans was 1.10% at December 31, 2025, which is a decrease from 1.26% as of December 31, 2024. The change in the allowance is primarily resultant from the Bank charging off portions of nonperforming credits based upon updated collateral or updated financials from these credits. Therefore, there are no remaining specific reserves on the nonperforming credits. Furthermore, management continues to update qualitative factors to align with current and forward-looking issues identified within the portfolio. Total investment securities, exclusive of the Federal Home Loan Bank of Indianapolis, Federal Reserve Bank and other stock without readily determined fair value, aggregated to $170.2 million at December 31, 2025, an increase of 33.9% from $127.1 million at December 31, 2024. While continued growth of the loan portfolio remains the primary focus for Bank management, the Bank will continue to manage the securities portfolio through prudent investment in securities that align with the Bank’s investment criteria when excess cash is available. Furthermore, a recent opportunity to leverage capital down streamed from the holding company arose with the Bank adding over $15 million in security investments in the fourth quarter of 2025. Noninterest bearing deposits have decreased by $2.3 million (1.1%) from $218.6 million at December 31, 2024. Interest bearing deposits increased from $878.6 million at December 31, 2024 to $901.2 million at December 31, 2025. The fluctuation and shift in the make-up of deposits results from multiple factors including the ongoing efforts by our employees, the rate environment, and the needs of our clients. The expectation remains that competition and the rate environment will further impact the amount and type of deposits within the balance sheet. The Company’s outstanding borrowings increased by $10.9 million to $83.0 million at December 31, 2025 compared to $72.1 million at December 31, 2024. The increase from year-end 2024 was the normal paydown of senior debt at the holding company and a maturity of short-term funding of the Bank’s loan growth offset by $15.6 million in additional Bank level FHLB borrowings that funded a portion of the investment security leverage strategy and $9.1 million at the holding company for the downstream of capital to support said leverage strategy. Total shareholders’ equity increased by $8.2 million (8.2%) from $99.6 million at December 31, 2024 to $107.8 at December 31, 2025. The increase of $8.2 million in equity was predominately related to net income of $12.0 million, an increase in common stock from vesting of restricted shares and grants of shares totaling $692,000, as well as $1.1 million from an increase in OCI from temporary market value adjustments to the securities portfolio and derivative fair value impact. These increases were partially offset by $2.9 million in dividends paid and the holding company’s repurchase of $2.7 million in shares outstanding during the second half of 2025. As of the end of the fourth quarter of 2025, the shares outstanding were 2,038,598 compared to 2,078,157 at the end of the fourth quarter in 2024. Net Interest Income and Net Interest Margin Net interest income was $12.7 million for the quarter ended December 31, 2025, up $1.3 million, or 11.2%, from $11.4 million during the fourth quarter of 2024, and for the year ended December 31, 2025, net interest income increased $3.5 million (7.9%) to $48.0 million from $44.5 million for the year ended December 31, 2024. Interest income for the fourth quarter of 2025 increased $1.2 million (7.3%) to $18.5 million from $17.3 million for the fourth quarter of 2024, and for the year ended December 31, 2025, interest income increased $4.4 million (6.5%) to $71.6 million from $67.2 million for the year ended December 31, 2024, mainly due to increases in rate and volume in commercial real estate credits. Interest expense for the fourth quarter of 2025 decreased $18,000 (0.3%) to remain flat at $5.9 million compared to the fourth quarter of 2024, and for the year ended December 31, 2025, increased $845,000 (4.6%) to $23.5 million from $22.7 million for the year ended December 31, 2024, which was predominately resultant from a combination of growth in interest checking and money market deposits somewhat offset by an approximate 10.5% decrease in yield on interest checking and money market deposits. Net interest margin is net interest income expressed as a percentage of average interest-earning assets. For the quarter ended December 31, 2025, the net interest margin on a fully taxable equivalent basis increased to 4.06% from 3.86% from the fourth quarter of 2024, and for the year ended December 31, 2025, increased to 3.91% from 3.76% for the year ended December 31, 2024. Much of the change in margin has been a product of the market rates improving on both sides of the balance sheet with the yield on earning assets improving to 5.78% in the fourth quarter of 2025 from 5.70% during that same period in 2024, while year-to-date 2025 interest-earning assets improved to 5.73% compared to 5.58% in 2024. Over the fourth quarter of 2025, the cost of funds decreased 11 basis points to 1.86% from 1.97% at September 30, 2025 while the year-to-date cost of funds is 1.94% down eight basis points from the 2.02% for the year ended December 31, 2024. Noninterest Income/Expense During the three months ended December 31, 2025, noninterest income totaled $2.2 million, an increase of $35,000 (1.7%) from the three months ended December 31, 2024 and was $8.6 million, an increase of $413,000 (5.1%), for the year ended December 31, 2025 from the year ended December 31, 2024. From a quarter-over-quarter and year-over-year comparison, the increases in noninterest income of $35,000 and $413,000, respectively, were predominately driven by increases in Wealth Management fees of $129,000 and $604,000, respectively. Noninterest expense totaled $9.1 million during the three months ended December 31, 2025, a decrease of $1.0 million (9.9%) from the fourth quarter of 2024 and was an increase of $2.0 million (5.4%) from $37.3 million for the year ended December 31, 2024 to $39.3 million for the same period in 2025. The largest component of the decrease in quarter-over-quarter noninterest expense was a decrease in salaries and employee benefits of $922,000 related to a reduction in the profit-sharing contribution by CNB and multiple associate incentive payouts. The increase in noninterest expense for the year ended December 31, 2025, was spread across multiple areas. These included salaries and employee benefits that increased $940,000, occupancy and equipment expense increased $456,000, and Data Communications increased $221,000. These increases were driven by more associates, compensation increases, additional office space, and refurbishment of current office space. About CNB Community Bancorp Inc. CNB Community Bancorp, Inc. (OTCQX:CNBB) is a one-bank holding company formed in 2005. Its subsidiary bank, County National Bank, is a nationally chartered full-service bank, which has served its local communities since its founding in 1934. CNB Community Bancorp, Inc. is headquartered in Hillsdale, Michigan and through its subsidiary bank offers banking products along with investment management and trust services to communities located throughout southern Michigan. Safe Harbor Statement This news release and other releases and reports issued by the Company may contain "forward-looking statements." The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company is including this statement for purposes of taking advantage of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. View source version on businesswire.com: https://www.businesswire.com/news/home/20260123229610/en/ Contacts Investor Contact: Erik A. Lawson, CFO [email protected] 517-439-6115 Media Contact: Craig S. Connor, Chairman of the Board Joseph R. Williams, President & CEO