CMTV

EX-99.1

2 cmtv_ex991.htm

PRESS RELEASE

cmtv_ex991.htm

EXHIBIT 99.1

Community Bancorp. Reports Third Quarter 2026 Earnings

For immediate release

Derby, VT: October 26, 2026 --- Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank (the “Bank”), reported consolidated earnings for the third quarter ended September 30, 2026, of $5.1 million or $0.91 per share, an increase of $344 thousand or 7.24% compared to $4.7 million or $0.84 per common share reported for the third quarter of 2025. Earnings for the nine months ended September 30, 2026, were $14.1 million, or $2.53 per share, an increase of $1.8 million or 14.72% compared to $12.3 million or $2.18 per common share in the same period in 2025.

Third Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs):

(Unaudited)

Quarter Ended

September 30,

2026

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

Return on average assets

1.67 %

1.53 %

1.39 %

1.47 %

1.58 %

Pre-tax, pre-provision net revenue return on average assets (1)

2.17 %

2.09 %

1.83 %

1.90 %

2.01 %

Return on average shareholders' equity

16.46 %

15.83 %

15.31 %

16.24 %

17.40 %

Net Interest Margin

4.11 %

3.95 %

3.81 %

3.78 %

3.79 %

Efficiency Ratio (2)

51.1 %

52.8 %

55.6 %

54.8 %

52.3 %

Noninterest expense to average assets

2.27 %

2.34 %

2.29 %

2.30 %

2.20 %

Dividend payout ratio (3)

28.57 %

29.76 %

32.05 %

30.12 %

29.76 %

Fully diluted tangible book value per common share (1)

$ 19.47

$ 19.51

$ 18.81

$ 18.29

$ 17.58

Total capital to risk-weighted assets (4)

16.17 %

16.05 %

15.62 %

15.38 %

15.34 %

Total common equity tier 1 capital to risk-weighted assets (4)

14.92 %

14.79 %

14.36 %

14.13 %

14.09 %

Tier I Capital to Average Assets (4)

11.12 %

10.63 %

10.19 %

9.92 %

10.22 %

Tangible common equity to tangible assets (1)

8.95 %

9.41 %

8.60 %

8.00 %

8.13 %

Earnings per common share

$ 0.91

$ 0.84

$ 0.78

$ 0.83

$ 0.84

Weighted average number of common shares used in computing earnings per share

5,604,048

5,594,749

5,586,133

5,586,738

5,607,086

(1)

Refer to the "Reconciliation of GAAP to Non-GAAP Measures" section of this document for additional detail.

(2)

Total Non-Interest Expense divided by the sum of Net Interest Income and Total Non-Interest Income.

(3)

Dividends declared per common share divided by earnings per common share.

(4)

Represents Bank-only ratios. Current period capital ratios are preliminary subject to finalization of the Bank’s September 30, 2026 FDIC Call Report.

1

Total assets for the Company at September 30, 2026, were $1.23 billion, a decrease of $56 million from year end 2025, but $5.4 million or 0.44% higher than total assets of $1.23 billion as of September 30, 2025. The year-to-date change primarily reflects lower cash balances used to fund loan growth, pay off two maturing advances totaling $25.0 million, and to cover a cyclical decrease in deposit balances.  Contributing to the Company’s year-over-year growth in assets was an increase in in the Company's gross loan portfolio of $60.3 million, or 6.26%, compared to the 2025 period. 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 (interest bearing transaction accounts and time deposits).  Deposit balances increased $35.5 million, or 3.52%, compared to September 30, 2025, but decreased $26.9 million or 2.51% since year end 2025 largely reflecting cyclical changes in municipal and business deposit balances.

The Company’s securities portfolio totaled $113 million as of September 30, 2026, a 21.74% 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 September 30, 2026, the reduction to equity was $13.4 million, representing additional reductions of $2.9 million and $3.9 million from the adjustments to equity of $10.5 million as of September 30, 2025, and $9.6 million as of December 31, 2025, respectively.

Net interest income for the third quarter ended September 30, 2026, increased $1.1 million, or 10.89%, to $11.7 million, compared to $10.5 million for the same quarter in 2025. The quarter-over-quarter improvement reflects an increase of $1.1 million, or 7.59%, in interest and fees on loans due to strong loan growth and higher yields, partially offset by an increase in interest on deposits expense of $243 thousand, or 6.46%. Net interest income for the nine months ended September 30, 2026, increased $4 million or 13.43%, to $33.9 million, compared to $29.8 million for the same peri

EX-99.1

2 cmtv_ex991.htm

PRESS RELEASE

cmtv_ex991.htm Exhibit 99.1

Community Bancorp. Reports Second Quarter 2026 Earnings

For immediate release

Derby, VT: July 22, 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)

Six months Ended

Quarter Ended

Six months Ended

Quarter Ended

June 30, 2026

June 30, 2026

June 30, 2025

June 30, 2025

Return on average assets

1.47 %

1.53 %

1.29 %

1.38 %

Pre-tax, pre-provision net revenue return on average assets

1.96 %

2.11 %

1.67 %

1.81 %

Return on average shareholders' equity

15.63 %

15.83 %

15.05 %

15.62 %

Net Interest Margin

3.88 %

3.95 %

3.56 %

3.64 %

Efficiency Ratio

54.2 %

52.8 %

57.3 %

55.8 %

Noninterest expense to average assets

2.31 %

2.37 %

2.24 %

2.29 %

Dividend payout

30.86 %

29.76 %

35.82 %

33.33 %

Fully diluted tangible book value per common share (1)

$ 19.51

$ 19.51

$ 16.63

$ 16.63

Total capital to risk-weighted assets (2)

16.05 %

16.05 %

14.85 %

14.85 %

Total common equity tier 1 capital to risk-weighted assets (2)

14.79 %

14.79 %

13.60 %

13.60 %

Tier I Capital to Average Assets (2)

10.63 %

10.63 %

10.06 %

10.06 %

Tangible common equity to tangible assets (1)

9.41 %

9.41 %

8.21 %

8.21 %

Earnings per common share

$ 1.62

$ 0.84

$ 1.34

$ 0.72

Weighted average number of common shares used in computing earnings per share

5,590,465

5,594,749

5,608,997

5,612,675

(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 June 30, 2026 FDIC Call Report.

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.

1

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, Measureme

EX-99.1

2 cmtv_ex991.htm

PRESS RELEASE

cmtv_ex991.htm

EXHIBIT 99.1

Community Bancorp. Reports Second Quarter 2026 Earnings

For immediate release

Derby, VT: July 21, 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 $4.9 million or $0.84 per share, an increase of $621,097 or 14.41% compared to $4.3 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)

Year Ended

Quarter Ended

Year Ended

Quarter Ended

June 30, 2026

June 30, 2026

June 30, 2025

June 30, 2025

Return on average assets

1.47 %

1.53 %

1.29 %

1.38 %

Pre-tax, pre-provision net revenue return on average assets

1.96 %

2.11 %

1.67 %

1.81 %

Return on average shareholders' equity

15.63 %

15.83 %

15.05 %

15.67 %

Net Interest Margin

3.88 %

4.00 %

3.36 %

3.47 %

Efficiency Ratio

54.2 %

52.8 %

57.3 %

55.8 %

Noninterest expense to average assets

2.31 %

2.37 %

2.24 %

2.29 %

Dividend payout

30.86 %

29.76 %

35.82 %

33.33 %

Fully diluted tangible book value per common share (1)

$ 19.51

$ 19.51

$ 16.63

$ 16.63

Total capital to risk-weighted assets (2)

16.05 %

16.05 %

14.85 %

14.85 %

Total common equity tier 1 capital to risk-weighted assets (2)

14.79 %

14.79 %

13.60 %

13.60 %

Tier I Capital to Average Assets (2)

10.63 %

10.63 %

10.06 %

10.06 %

Tangible common equity to tangible assets (1)

9.41 %

9.41 %

8.21 %

8.21 %

Earnings per common share

$ 1.62

$ 0.84

$ 0.72

$ 1.34

Weighted average number of common shares

used in computing earnings per share

5,590,465

5,594,749

5,608,997

5,612,675

(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 June 30, 2026 FDIC Call Report.

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 and deposits.

1

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 Credi