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Stockman Bank of Montana

Miles City, MT · Cert 16191 · Stockman Financial Corp.

State charter, non-member · FDIC · 47 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=257 to 258). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

38

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

70

Q2 2024Q2 2026peer median (50)

Liquidity

92

Q2 2024Q2 2026peer median

Efficiency

79

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Stockman Bank of Montana

Miles City, MT · Cert 16191 · Stockman Financial Corp.

State charter, non-member · FDIC · 47 branches

Q2 2026

$7.7BAssets
$5.2BLoans
$6.2BDeposits
$754.3MEquity
Loan mix
95%RE $4.6B4%C&I $0.2B1%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $4.7B25%Noninterest $1.6BQ2 2025Q2 2026

NIM

5.10%Q2 ’245.51%Q2 ’255.44%Q2 ’26+20%-1%

Non-interest income vs. expense

2.01%Q2 ’242.11%Q2 ’252.07%Q2 ’26+5%-4%

Market Position · Billings, MT · 2026 SOD (annual) · 16.0% share · #3 of 13 inst. · $1.3B of $8.0B

17.1% Yellowstone
75.6% Custer
13.2% Gallatin
26.1% Cascade

Executive Summary

  • Earnings: ROA of 1.50%, up 24 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.60% of loans (-5 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.89%, up 11 bps from a year ago.
  • Funding: loans stand at 84.42% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.50%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.61%-2 bps YoY

Efficiency Ratio (YTD, annualized)

50.38%-97 bps YoY

Tier 1 Leverage Ratio

9.89%+11 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.26%1.38%1.48%1.53%1.50%+24 bps
Return on Equity13.28%14.40%15.39%15.81%15.47%+219 bps
Net Interest Margin3.63%3.64%3.49%3.62%3.61%-2 bps
Efficiency Ratio51.35%50.99%49.93%48.89%50.38%-97 bps
Non-Interest Burden1.64%1.62%1.52%1.54%1.58%-6 bps
Growth
Asset Growth (YoY)7.30%8.35%10.21%13.34%12.90%+560 bps
Loan Growth (YoY)14.66%10.45%9.93%7.71%8.92%-574 bps
Deposit Growth (YoY)9.68%8.83%10.30%12.31%10.98%+130 bps
Asset Quality
Nonperforming Loans / Loans0.65%0.63%0.66%0.62%0.60%-5 bps
Net Charge-Offs / Loans0.01%0.03%0.03%0.01%0.02%+1 bps
Allowance / Loans1.89%1.84%1.79%1.84%1.83%-6 bps
Allowance Coverage of NPLs2.9x2.9x2.7x3.0x3.0x+0.1x
Capital
Tier 1 Leverage Ratio9.78%9.96%9.64%9.86%9.89%+11 bps
Total Risk-Based Capital12.98%12.97%12.84%13.30%13.27%+28 bps
Equity / Assets9.81%9.82%9.65%9.66%9.74%-8 bps
Liquidity & Funding
Loans / Deposits86.02%84.95%81.83%79.95%84.42%-160 bps
Liquid Assets / Assets0.68%1.77%0.28%1.67%0.43%-25 bps
CRE / Total Capitaln/a446%450%434%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Stockman Bank of Montana

Miles City, MT · Cert 16191 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Stockman Financial Corp.

State charter, non-member · FDIC · 47 branches

Q2 2026

$7.7BAssets
$5.2BLoans
$6.2BDeposits
$754.3MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 79% of banks $1B-$10B in assets operating in a single state (rank 56 of 257).
  • Widest gap: nonperforming loans / loans trails 67% of banks $1B-$10B in assets operating in a single state (rank 173 of 258).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.48%

Rank 72 of 258

Net Interest Margin

3.61%

Rank 104 of 258

Efficiency Ratio

50.60%

Rank 56 of 257

Equity / Assets

9.74%

Rank 154 of 258

Non-interest income vs. expense

$37.3M$159.1MINCOMEEXPENSE
Unfavorable gap of $121.8M · efficiency ratio beats 79% of banks $1B-$10B in assets operating in a single state
Bank 50.60%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.48%0.93%1.23%1.54%Beats 72%72 / 258
Return on Equity15.23%9.26%11.84%14.74%Beats 78%58 / 258
Net Interest Margin3.61%3.16%3.49%3.88%Beats 60%104 / 258
Efficiency Ratio50.60%51.71%60.30%69.65%Beats 79%56 / 257
Asset Quality
Nonperforming Loans / Loans0.60%0.19%0.46%0.90%Beats 33%173 / 258
Net Charge-Offs / Loans0.01%0.01%0.02%0.07%Beats 69%80 / 258
Capital
Tier 1 Capital Ratio12.01%11.41%12.98%15.12%Beats 34%171 / 258
Total Risk-Based Capital Ratio13.27%12.10%13.91%16.08%Beats 41%153 / 258
Equity / Assets9.74%9.09%10.24%11.72%Beats 40%154 / 258
Liquidity & Funding
Loans / Deposits84.42%73.24%86.34%95.95%46th pctl140 / 258
Loans / Assets67.71%63.01%72.27%78.40%34th pctl171 / 258
Brokered Deposits / Depositsn/aNot reported for this institution