Central Bancompany : Investor Deck Q1 2026 (FINAL)

Published: 2026-04-28 08:12:10 ET CBC

Published on 04/28/2026 at 08:12 am EDT

@¥ Cental Boncompony

Net Income of $111.1 million

EPS of $0.46

ROAA of 2.20%

CET1 ratio of 28.6%

Excess capital1 of $7.80 per share

NIM of 4.32%

Fee income ratio of 23.8%

Efficiency ratio of 46.3%

Income Statement

Net interest income of $208.6 million; FTE NIM of 4.36%2

Noninterest income of $65.1 million; fee income ratio maintained at 24%

Noninterest expense of $126.6 million; FTE efficiency ratio of 45.7%2

Balance Sheet

EOP loans of $11.5 billion, 1% growth from prior quarter

EOP deposits of $15.5 billion, 3% growth from prior year quarter3

EOP Cash + Securities4 to total assets of 40%

Capital

•

TBV of $14.382 per share

Total excess capital1 of $1.9 billion, or $7.80 per share

Executed $32 million of our announced $50 million share repurchase authorization at an average price of $24.03

Increased regular quarterly dividend 118% to $0.12 per share

Notes:

Excess capital measured as the amount of capital above our Long Term CET1 target of 13.5%

Non-GAAP number. Please see non-GAAP reconciliation in Appendix

Comparison to prior year quarter as Central's deposits are seasonally higher at the end of Q4 due to higher public funds deposits

Includes Short-term earning assets

Quarter Ended

% Change

($MM, unless otherwise stated)

Q1'26

Q4'25

Q1'25

QoQ

YoY

Interest Income

$258.1

$255.3

$240.2

1.1 %

7.4 %

Interest Expense

49.4

48.8

50.9

1.3 %

(2.9)%

Net Interest Income

208.6

206.5

189.3

1.0 %

10.2 %

Provision for Credit Losses

3.1

3.0

2.9

4.3 %

7.7 %

Net Interest Income After Provision for Credit Losses

205.5

203.4

186.4

1.0 %

10.3 %

Noninterest Income

65.1

65.8

58.8

(1.0)%

10.7 %

Noninterest Expense

126.6

129.5

122.3

(2.2)%

3.6 %

Earnings Before Income Taxes

143.9

139.7

122.9

3.0 %

17.1 %

Net Income

111.1

107.6

94.8

3.3 %

17.2 %

Earnings Per Share

$0.46

$0.47

$0.43

(1.5)%

7.2 %

Highlights:

Net Income of $111.1MM, an increase of 17.2% from the prior year quarter.

Net interest income increased $19.3MM or 10.2% from the prior year quarter. Please see slide 5 for further information.

Noninterest income increased $6.3MM or 10.7% compared to the prior year quarter. Please see slide 6 for further information.

Notes:

Columns may not sum due to rounding differences

Quarterly Yield Trends

6.20%

6.23%

6.28%

6.27%

6.24%

4.23%

4.30%

4.39%

4.41%

4.36%

1.20%

1.19%

1.14%

1.13%

Q1'25

Q2'25

Q3'25

Q4'25

Q1'26

Highlights:

Net interest income (FTE)3 of $210.4MM for Q1'26 representing an increase of 10.3% YoY

Average earning assets increased 7.0% YoY, driven by deposit growth, earnings retention and IPO proceeds, invested in securities and short-term earning assets

From the prior year quarter, FTE NIM3 increased 13 bps to 4.36%, loan yield increased 4 bps to 6.24%, and cost of deposits decreased 7 bps to 1.13%

*tax equivalent yield

Net Interest Income (FTE) YoY Waterfall

Estimated Change in Net Interest Income Assuming Static Balance Sheet Relative to 20251

$190,854

$13,661

$(1,398) $(933)

Volume

$8,237 $210,421

12%

5% 5%

10%

18%

1Q25 Cash & Investments

Notes:

Loans Funding Rate 1Q26

Base Case (100 bps)2

+100bps2

Based on standard March 31, 2026 IRR model; flows calculated relative to base case scenario; assumes static balance sheet

Estimated impact on net interest income from immediate parallel shifts in both short-term and long-term interest rates at the specified levels

Non-GAAP number. Please see non-GAAP reconciliation in Appendix

Quarter-Ended

% Change

($MM)

Q1'26

Q4'25

Q1'25

QoQ

YoY

Service charges and commissions

$14.4

$14.6

$13.9

(1.0)%

3.4 %

Payment services revenue

16.4

17.1

16.0

(4.1)%

2.5 %

Brokerage services

7.9

7.7

6.7

3.1 %

18.2 %

Fees for fiduciary services

14.3

14.2

12.5

0.7 %

14.8 %

Mortgage banking revenues, net

9.5

9.4

8.7

1.4 %

9.3 %

Investment securities (losses) gains, net

0.1

Other income

2.5

2.8

0.9

(10.8)%

Total noninterest income

$65.1

$65.8

$58.8

(1.0)%

10.7 %

Highlights:

Noninterest income of $65.1MM for Q1'26, compared to $65.8MM for the prior quarter and $58.8MM for the prior year quarter

Wealth management fees rose $3.1MM, or 16.0% YoY, as assets under advice rose 18.2% to $16.0 billion at the end of the current quarter. On a QoQ basis, wealth management fees rose $0.3MM, or 1.5% with total AUA increasing 0.4%, driven by continued strong net new AUA, partially offset by a reduction from market movement

YoY increase in every primary noninterest income line item; QoQ declines in service charges and commissions and payment services revenue reflect seasonal nature of those businesses

Other income for Q1'26 included a $1.7MM gain on finalization of the consumer lease portfolio sale

Fee income ratio of 23.8% in Q1'26, as compared to 23.7% in the prior year quarter

Notes:

Columns may not sum due to rounding differences

Quarter-Ended

% Change

($MM)

Q1'26

Q4'25

Q1'25

QoQ

YoY

Salaries and employee benefits

$76.0

$76.8

$71.2

(1.0)%

6.7 %

Net occupancy and equipment

12.2

12.7

11.8

(4.4)%

2.7 %

Computer software and maintenance

6.0

5.2

6.1

14.0 %

(1.3)%

Marketing and business development

4.6

5.5

5.0

(16.8)%

(8.1)%

Legal and professional fees

6.1

5.9

4.9

2.4 %

24.3 %

Bankcard processing fees

7.8

7.6

7.0

2.1 %

10.4 %

Other expenses

14.1

15.7

16.3

(10.7)%

(13.5)%

Total noninterest expense

$126.6

$129.5

$122.3

(2.2)%

3.6 %

Memo: # of Full Time Equivalent Employees

2,918

2,905

2,918

Highlights:

Noninterest expense of $126.6MM for Q1'26, an increase of 3.6% from the prior year quarter

Salary and employee benefits increased $4.8MM, or 6.7%, reflecting higher performance-based compensation and merit increases

Legal and professional fees increased $1.2MM from the prior year quarter, reflecting an increase in technology improvement initiatives and additional costs associated with being a public company

Other expenses decreased $2.2MM from the prior year quarter. The prior year quarter contained $3.1MM of residual value losses in the consumer lease portfolio

Efficiency ratio (FTE)1 of 45.7%, compared to 48.7% in the prior year quarter

Notes:

Columns may not sum due to rounding differences

1. Non-GAAP number. Please see non-GAAP reconciliation in Appendix

Period-End Balances

% Change

Dollars in millions

Q1'26 Q4'25 Q1'25

QoQ

YoY

Loan Portfolio Breakdown (%)

Consumer, 4%

Construction & development $513 $571 $489 (10.2)% 4.8 %

Commercial, financial &

agricultural 1,741 1,761 1,768 (1.2)% (1.5)%

Non-owner-occupied CRE 3,267 3,150 3,278 3.7 % (0.3)%

Owner-occupied CRE 1,583 1,580 1,608 0.2 % (1.5)%

Total commercial loans

7,104

7,063

7,143

0.6 %

(0.6)%

Residential mortgage loans

3,423

3,321

3,112

3.1 %

10.0 %

Home equity lines of credit

423

411

358

2.9 %

18.2 %

Consumer credit card

(5.2)%

6.3 %

Other consumer loans

499

551

835

(9.5)%

(40.2)%

Total consumer loans

4,438

4,382

4,392

1.3 %

1.0 %

Total unpaid principal balance

11,542

11,444

11,536

0.9 %

0.1 %

Add: Unearned income

(9)

(10)

(24)

(2.8)%

(60.5)%

Loans held for investment

$11,533

$11,435

$11,512

0.9 %

0.2 %

Commercial real estate 4,850 4,731 4,886 2.5 % (0.7)%

Home Equity Lines, 4%

1-4 Family, 30%

OO CRE, 14%

C&D, 4%

C&I, 15%

Non-OO CRE, 28%

Highlights:

End of period loans held for investment of $11.5 billion, an increase of 0.9% from the prior quarter

End of period loans held for investment, excluding other consumer loans, increased 5.6% annualized from the prior quarter and 3.3% from the prior year quarter

Commercial loan tailwinds continued during the quarter, supported by commercial real estate originations and moderating payoff activity

Consumer loan growth was driven by strong mortgage origination and HELOC utilization despite continued moderation in the consumer installment portfolio and the sale of the lease portfolio

Notes:

Columns may not sum due to rounding differences

Dollars in millions

Q1'26

Q4'25

Q1'25

Average Balance

% Change

Period-End

Average Balance

Cost1

Period-End

Average Balance

Cost1

Period-End

Average Balance

Cost1

QoQ YoY

Noninterest-bearing

$5,563

$5,513

$5,616

$5,375

$5,336

$5,074

2.6 %

8.6 %

Savings and interest-bearing demand

8,285

8,382

1.54 %

8,612

7,962

1.52 %

8,055

8,005

1.54 %

5.3 %

4.7 %

Time

1,617

1,631

2.87 %

1,635

1,672

3.01 %

1,682

1,686

3.19 %

(2.4)%

(3.2)%

Total

$15,465

$15,526

1.13 %

$15,863

$15,009

1.14 %

$15,073

$14,765

1.20 %

3.4 %

5.2 %

Dollars in millions

Q1'26

Q4'25

Q1'25

Average Balance

% Change

Period-End

Average Balance

Cost1

Period-End

Average Balance

Cost1

Period-End

Average Balance

Cost1

QoQ YoY

Commercial

$5,249

$5,238

0.87 %

$5,286

$5,181

0.90 %

$5,083

$4,817

0.92 %

1.1 %

8.7 %

Consumer

8,059

7,884

0.91 %

7,927

7,778

0.93 %

7,837

7,655

0.96 %

1.4 %

3.0 %

Public Funds

2,157

2,403

2.44 %

2,649

2,050

2.52 %

2,152

2,292

2.60 %

17.2 %

4.8 %

Total Deposits

$15,465

$15,526

1.13 %

$15,863

$15,009

1.14 %

$15,073

$14,765

1.20 %

3.4 %

5.2 %

Highlights:

Average non-public deposit growth was 1.3% during the quarter and 5.2% compared to the prior year quarter

Cost of deposits of 1.13% compared to 1.20% in the prior year quarter

Cost of deposits decreased 1 bp QoQ; excluding mix shift into public funds, cost decreased 5 bps QoQ

Non-time deposits represent 90% of EOP total deposits

Uninsured & uncollateralized deposits (excluding intercompany accounts) represent 21.5% of EOP total deposits

Notes:

Columns may not sum due to rounding differences

1. Deposit costs reflect quarterly figures on an annualized basis

CET1 Cash + Securities / Total Assets

28.1% 28.6%

24.4% 23.8% 24.6%

Q1'25 Q2'25 Q3'25 Q4'25 Q1'26

37.5% 36.7% 40.9% 39.9%

36.3%

Q1'25 Q2'25 Q3'25 Q4'25 Q1'26

Components of Book Value Per Share1 Period End Loans to Deposits

$7.50

$6.73

$7.80

$6.58

$14.69 $14.38 $14.88 $15.69 $15.81

$6.11

$6.98

$5.72

$7.05

$6.15

$7.14

Q1'25 Q2'25 Q3'25 Q4'25 Q1'26

76.5% 76.7% 76.7% 72.4% 74.8%

Q1'25 Q2'25 Q3'25 Q4'25 Q1'26

Notes:

Dollars in millions

1. Core TBVPS and Excess TBVPS are non-GAAP measures. See Appendix for non-GAAP reconciliation.

Net Charge-Offs / Average Loans1

Nonperforming Assets / Total Assets2

$55.5

$19.7

$53.9

$20.5

$57.4

$18.3

$52.0

$17.2

$54.8

$23.1

0.28%

0.30%

0.25%

0.27%

$29.7

$6.1

$27.1

$6.3

$32.5

$6.6

$28.8

$6.0

$29.0

$2.7

$4.3

$3.5

$1.2 0.12%

$1.4

$3.4

$1.3 0.12%

$2.8

0.15%

0.10%

$0.8

$2.9

$0.3 0.10%

$2.3

$2.9

$2.2

$2.1

$2.6

Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26

Allowance for Credit Losses

Delinquencies3

1.34%

1.32%

1.31%

1.30%

$153.7 $149.4 $149.5 $149.7 $149.9

$45.0

$38.8

$36.4

$16.2

$11.8

$27.1

$10.2

$10.0

0.34%

0.24%

$23.7

$5.2

0.21%

0.32%

0.39%

$26.9

$16.9

$18.5

$26.4

$28.8

Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26

Notes:

Dollars in millions

Quarterly metrics shown on an annualized basis

Other NPAs include foreclosed and other repossessed assets

Delinquencies represent accruing loans ≥ 30 days past due

CET1 Ratio

Tier 1 Capital Ratio

28.1%

28.6%

12.9%

28.1% 28.6%

12.9%

Q4'25 Q1'26 Q4'25 Q1'26

Total Capital Ratio

29.3% 29.9%

Leverage Ratio

8.2%

7.9%

17.9% 17.4%

14.1%

Q4'25 Q1'26 Q4'25 Q1'26

Highlights:

Excess capital of $1.9 billion measured as the amount above our long term CET1 target of 13.5%

Excess capital of $7.80 per share

Given our historical track record on credit and level of residential mortgage loans, we expect that the proposed regulatory capital changes will be a small benefit for us

Over half of our capital is excess, but it produces just over 11% of our net income

Taking into account excess capital, which is held at the holding company, market valuations currently imply a P/E multiple on the core bank of just 10x MRQ (and even lower on a forward basis) or a ~3 turn discount to high performing peers1

Excess Capital is a Strategic Asset

Continuous exploration of attractive ROIC acquisitions, which would drive net income and ROTCE higher

Increased regular quarterly dividend by 118% to a 26% payout ratio

Initiated a share repurchase that we believe takes advantage of increased secondary liquidity from pre-IPO non-affiliated shares and attractive prices, delivering an acquisition ROIC of approximately 12%

Proven Capital Allocation Over Long-Term

Core vs. Excess: Returns and Valuation Components2

Core vs. Excess: Per Share Components2

TBVPS EPS Annualized

ROTCE Valuation

$20.00

$10.00

$0.00

$14.38

2026Q1

$2.00

$6.58

$7.80

$1.00

$0.00

2.8%

Assumed 1x TBVPS

Excess

$0.21

$1.66

24.5%

Implied

~10x EPS

Core

2026Q1

We will increase ROTCE as we invest excess capital

Notes:

Core bank P/E multiple reflects 3/31/26 closing stock price less excess TBVPS to a 13.5% CET1 ratio divided by annualized MRQ EPS less implied EPS on average excess capital using an opportunity cost of tax-effected daily average IORB for the quarter. Financial data reflects most recent publicly available quarter. High-performing peers include CFR, CBSH, GBCI, CBU, FFIN and BANF.

TBVPS and ROTCE are non-GAAP measures. See Appendix for non-GAAP reconciliations.

Quarter Ended

% Change

($MM, unless otherwise stated)

Q1'26

Q4'25

Q1'25

QoQ

YoY

Interest-Bearing Cash and Bank Deposits

$1,378

$2,065

$1,550

(33.3)%

(11.1)%

Investment Securities

6,791

6,422

5,803

5.7 %

17.0 %

Gross Loans

11,533

11,435

11,512

0.9 %

0.2 %

Total Assets

20,456

20,752

19,585

(1.4)%

4.4 %

Total Deposits

15,465

15,863

15,073

(2.5)%

2.6 %

Fed Funds Purchased & Customer Repurchases

1,067

1,012

1,097

5.4 %

(2.8)%

Total Customer Funds

16,532

16,874

16,170

(2.0)%

2.2 %

Total Liabilities

16,658

16,968

16,341

(1.8)%

1.9 %

Total Stockholders' Equity

$3,798

$3,784

$3,244

0.4 %

17.1 %

Tangible Book Value Per Share ($) $14.38 $14.24 $13.09 1.0 % 9.8 %

Notes:

Columns may not sum due to rounding differences

1902

1966

1973

1993

2001-2007

2017

2022

Present

Creation of

Early adopter of

Expanded into

Added Our 50th

Midwest

Expanded

Expanded into

1 of only 2 banks named to Top 50

Central Bank

computerized

St. Louis,

Location

expansion into

into the State of

the State of

of Forbes Magazine's "America's

banking, with

Missouri

Oklahoma and

Colorado

Florida

Best Banks" every year since 2009

installation of

Kansas

IBM mainframe

1933

During the Great Depression, made loan to the State of Missouri to assist with making payroll and paying other expenses

1969

Renamed The Central Trust Bank

1980

First Automated Teller Machine (ATM)

1998

Launched Internet Banking

2008

New Family Leadership

2019

Completed Acquisitions of Liberty Bancorp and Platte County Bancshares (Kansas City MSA)

2023

Named "Best Customer Service Bank" by Newsweek

Founded in 1902 by the great-grandfather of our Executive Chairman, Bryan Cook and currently

~$20Bn super-community bank with operations primarily in MO, KS, OK, and CO

Industry leading profitability and growth, with a ~10% earnings CAGR since 1972

Driven by a traditional, yet highly diversified and advanced, community banking business model and a consistent culture, represented by our slogan, "Strong Roots, Endless Possibilities"

Recognized as the #9 Best Bank by Forbes in 2026 and is only one of two banks that has been in the Top 50 every year since 2009

Customer Centric

Grown the number of households served by an average of 3% per year since 2016 and high Net Promoter Score ("NPS") of 741

Average ~14 years customer tenure2

Community Aligned

NOTABLE

CULTURE

Customer Centric Community Aligned Committed to the Long-Term Collaborative to Succeed

DEDICATED

EMPLOYEES

8 years average tenure

86% overall favorable employee rating

OUR

VISION

To become a leader in every market we serve

24% weighted avg. MSA market share = ~2x peer median3

HAPPY

CUSTOMERS

Net Promoter Score:741

Engaged participation from employees in local communities

29,000+ community service hours in 2025, or approximately 10 hours per employee

Committed to the Long-Term

Continuous reinvestment into our business

Current modernization project intended to provide real-time API-based capabilities

Maintain community banking model led by experienced leaders

Continued collaboration and alignment embodied in the "Central Code"

Notes:

Net Promoter Score represents Central Bancompany's latest available figure for Consumer, Commercial and Wealth businesses weighted by number of responses on our most recent customer survey

As of December 31, 2025

S&P Global Market Intelligence as of June 30, 2025

Denver

Kansas City Jefferson City

St. Louis

Oklahoma City

Tulsa

Total Deposits

Total Loans

Return on

Average Assets "ROAA" (%)1

Net Promoter

Score2

Employee Satisfaction3

Dollars in millions 3/31/2026

3/31/2026

1Q2026

(#)

(%)

Missouri Markets:

Jefferson City 3,344

1,422

2.11 %

89%

Kansas City 3,172

2,040

2.12 %

81%

Columbia 2,547

1,608

2.55 %

86%

St. Louis 1,949

1,986

2.44 %

91%

Springfield 1,615

1,310

2.26 %

87%

Lake of the Ozarks 965

606

2.62 %

85%

Branson 413

324

2.48 %

78%

Sedalia 409

263

2.80 %

91%

Warrensburg 349

191

1.90 %

94%

Other Primary Markets:

Oklahoma 348

913

1.80 %

81%

Colorado 352

725

1.53 %

90%

Consolidated 1 15,465

11,562

2.20 %

86%

Notes:

ROAA for three months ended March 31, 2026 presented on an annualized basis. Consolidated deposits and loans do not foot to 11 primary market areas due to deposits in our Other Markets.

NPS figures are based on most recent annual customer survey and weighted by number of responses for Consumer, Commercial and Wealth lines of business (in the case of Commercial, figure is based on responses from customers who consider the Bank to be their primary financial services provider).

Employee satisfaction figures represent share of employees who would recommend working at the bank based on most recent annual employee survey.

Interest income (FTE), net interest income (FTE) and net interest margin (FTE)

Q1 Q4 Q1

FY26 FY25 FY25

(dollars in thousands, except share and per share data)

Interest income

$ 258,054

$ 255,284

$ 240,209

Add: Tax-equivalent adjustment ¹

1,804

1,658

1,581

Interest income (FTE) (non-GAAP)

$ 259,858

$ 256,942

$ 241,790

Net interest income

{a}

$ 208,617

$ 206,463

$ 189,273

Add: Tax-equivalent adjustment ¹

1,804

1,658

1,581

Net interest income (FTE) (non-GAAP)

{b}

$ 210,421

$ 208,121

$ 190,854

Average interest-earning assets

{c}

$ 19,587,272

$ 18,704,393

$ 18,303,676

Net interest margin ²

{a ÷ c}

4.32 %

4.38 %

4.19 %

Net interest margin (FTE) (non-GAAP) ²

{b ÷ c}

4.36 %

4.41 %

4.23 %

¹ Effective marginal tax rate of 23.84% used for all periods.

² Ratios for the quarters are presented on an annualized basis.

Tangible noninterest expense, adjusted total revenue (FTE) and efficiency ratio (FTE)

FY26

(dollars in tho

FY25 FY25

usands, except share and per share data)

Net interest income

$ 208,617

$ 206,463

$ 189,273

Noninterest income

65,088

65,771

58,788

Total revenue

{a}

273,705

272,234

248,061

Less: Investment securities gains, net

109

Add: Tax equivalent adjustment ¹

1,804

1,658

1,581

Adjusted total revenue (FTE) (non-GAAP)

{b}

$ 275,509

$ 273,892

$ 249,533

Noninterest expense

{c}

$ 126,616

$ 129,514

$ 122,261

Less: Amortization of intangible assets

804

807

Tangible noninterest expense (non-GAAP)

{d}

$ 125,812

$ 128,707

$ 121,454

Efficiency ratio

{c ÷ a}

46.3 %

47.6 %

49.3 %

Efficiency ratio (FTE) (non-GAAP)

{d ÷ b}

45.7 %

47.0 %

48.7 %

¹ Effective marginal tax rate of 23.84% used for all periods.

Tangible common equity, tangible book value per share and tangible common equity to tangible assets

FY26

FY25

(dollars in thousands, except share and per share data)

Total stockholders' equity

{a}

$ 3,798,326

$ 3,783,977

$ 3,243,627

Less: Goodwill and other intangible assets

350,859

351,664

354,084

Tangible common equity (non-GAAP)

{b}

$ 3,447,467

$ 3,432,313

$ 2,889,543

Total shares of Class A common stock outstanding

{c}

239,787

241,106

220,735

Book value per share

{a ÷ c}

$ 15.84

$ 15.69

$ 14.69

Tangible book value per share (non-GAAP)

{b ÷ c}

$ 14.38

$ 14.24

$ 13.09

Total assets

{d}

$ 20,456,371

$ 20,751,978

$ 19,584,460

Less: Goodwill and other intangible assets

350,859

351,664

354,084

Tangible assets (non-GAAP)

{e}

$ 20,105,512

$ 20,400,314

$ 19,230,376

Total stockholders' equity to total assets

{a ÷ d}

18.6 %

18.2 %

16.6 %

Tangible common equity to tangible assets (non-GAAP)

{b ÷ e}

17.1 %

16.8 %

15.0 %

Excess tangible common equity, excess tangible book value per share and core tangible book value per share

FY25

FY26

(dollars in thousands, except share and per share data)

Total stockholders' equity

{a}

$ 3,243,627 $ 3,173,328 $ 3,284,414 $ 3,783,977 $ 3,798,326

Less: Goodwill and other intangible assets

354,084 353,277 352,470 351,664 350,859

Tangible common equity (non-GAAP)

{b}

$ 2,889,543 $ 2,820,051 $ 2,931,944 $ 3,432,313 $ 3,447,467

Total shares of Class A common stock outstanding

{c}

220,735 220,665 220,665 241,106 239,787

Book value per share

{a ÷ c}

$ 14.69 $ 14.38 $ 14.88 $ 15.69 $ 15.84

Tangible book value per share (non-GAAP)

{b ÷ c}

$ 13.09 $ 12.78 $ 13.29 $ 14.24 $ 14.38

Target common equity tier 1 ratio

{d}

13.5 %

Risk-weighted assets

{e}

$ 12,340,031

$ 12,257,589

$ 12,211,732

$ 12,403,247

$ 12,343,255

Target common equity tier 1 capital (non-GAAP)

{f} = {d * e}

$ 1,665,904

$ 1,654,775

$ 1,648,584

$ 1,674,438

$ 1,666,339

Actual common equity tier 1 capital

{h}

$ 3,013,943

$ 2,918,057

$ 3,004,815

$ 3,483,247

$ 3,535,782

Excess common equity tier 1 capital (non-GAAP)

{i} = {h - f}

$ 1,348,039

$ 1,263,282

$ 1,356,231

$ 1,808,809

$ 1,869,443

Excess tangible book value per share (non-GAAP)

{i ÷ c}

$ 6.11

$ 5.72

$ 6.15

$ 7.50

$ 7.80

Tangible book value per share (non-GAAP)

{b ÷ c}

$ 13.09

$ 12.78

$ 13.29

$ 14.24

$ 14.38

Less: Excess tangible book value per share (non-GAAP)

{i ÷ c}

$ 6.11

$ 5.72

$ 6.15

$ 7.50

$ 7.80

Core tangible book value per share (non-GAAP)

$ 6.98

$ 7.05

$ 7.14

$ 6.73

$ 6.58

Core earnings per share and excess earnings per share

Q1 FY26

(dollars in thousands, except share and per share data)

Adjusted net income (non-GAAP)

$ 111,088

Less: dividends on RSAs

$ 72

Adjusted net income for EPS (non-GAAP)

{a}

$ 111,016

Weighted average fully diluted shares

{b}

240,637

Adjusted earnings per share (non-GAAP)

{a ÷ b}

$ 0.46

Average excess common equity tier 1 capital 1 (non-GAAP)

{c}

$ 1,839,126

Assumed % pre-tax interest on excess balances2

{d}

3.65 %

Annual pre-tax opportunity cost of excess capital (non-GAAP)

{c * d}

$ 67,128

Annual after-tax opportunity cost of excess capital3 (non-GAAP)

{e}

$ 51,125

ROTCE on Excess Capital (non-GAAP)

{e ÷ c}

2.8%

Quarterly after-tax opportunity cost of excess capital4 (non-GAAP)

{f}

$ 12,606

Excess earnings per share (non-GAAP)

{f ÷ b}

$ 0.05

Adjusted earnings per share

{a ÷ b}

$ 0.46

Less: Excess earnings per share

{f ÷ b}

$ 0.05

Core earnings per share (non-GAAP)

Annualized earnings per share

$ 0.41

$ 1.87

Annualized excess earnings per share

$ 0.21

Annualized core earnings per share

$ 1.66

1Simple average of current quarter and prior quarter.

2Daily average IORB rate for the quarter, source is stlouisfed.org

3Effective marginal tax rate of 23.84% used for all periods.

4Annual after-tax opportunity cost of excess capital divided by number of days in the year multiplied by days in the quarter.

Adjusted return on tangible common equity, core adjusted return on tangible common equity, and adjusted return on tangible common equity on excess capital

Q1 FY26

(dollars in thousands, except share and per share data)

Average excess common equity tier 1 capital 1 (non-GAAP)

{a}

$ 1,839,126

Assumed % pre-tax interest on excess balances2

{b}

3.65 %

Annual pre-tax opportunity cost of excess capital (non-GAAP)

{a * b}

$ 67,128

Annual after-tax opportunity cost of excess capital3 (non-GAAP)

{c}

$ 51,125

ROTCE on Excess Capital (non-GAAP)

{c ÷ a}

2.8%

Adjusted net income (non-GAAP)

$ 111,088

Add: Amortization of intangible assets, net of taxes ³

612

Adjusted tangible net income (non-GAAP)

{d}

$ 111,700

Average common equity

$ 3,829,585

Less: Average goodwill and other intangible assets

351,380

Average tangible common equity (non-GAAP)

{e}

$ 3,478,205

Adjusted return on average tangible common equity (non-GAAP)

{d ÷ e}

13.0%

Average tangible common equity (non-GAAP)

$ 3,478,205

Less: Average excess common equity tier 1 capital (non-GAAP)

1,839,126

Average core tangible common equity (non-GAAP)

{f}

$ 1,639,079

Adjusted tangible net income (non-GAAP)

$ 111,700

Less: Quarterly after-tax opportunity cost of excess capital4 (non-GAAP)

12,606

Core adjusted tangible net income (non-GAAP)

{g}

$ 99,094

Core adjusted return on tangible common equity (non-GAAP)

{g ÷ f}

24.5%

1Simple average of current quarter and prior quarter.

2Daily average IORB rate for the quarter, source is stlouisfed.org

3Effective marginal tax rate of 23.84% used for all periods.

4Refer to Core earnings per share and excess earnings per share non-GAAP reconciliation on slide 23

Disclaimer

Central Bancompany Inc. published this content on April 28, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 28, 2026 at 12:11 UTC.