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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

$7.7BAssets
$5.2BLoans
$6.2BDeposits
$754.3MEquity
Loan mix
95%RE $4.6B4%C&I $0.2B1%Consumer $0.1BQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $4.7B25%Noninterest $1.6BQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.09%1.20%1.32%1.26%1.38%1.48%1.53%1.50%+24 bps
Return on Equity12.04%13.24%14.18%13.28%14.40%15.39%15.81%15.47%+219 bps
Net Interest Margin3.06%3.08%3.55%3.63%3.64%3.49%3.62%3.61%-2 bps
Efficiency Ratio57.20%55.39%50.37%51.35%50.99%49.93%48.89%50.38%-97 bps
Non-Interest Burden1.55%1.50%1.58%1.64%1.62%1.52%1.54%1.58%-6 bps
Growth
Asset Growth (YoY)7.94%8.67%8.69%7.30%8.35%10.21%13.34%12.90%+560 bps
Loan Growth (YoY)14.26%15.21%14.38%14.66%10.45%9.93%7.71%8.92%-574 bps
Deposit Growth (YoY)6.88%8.99%10.19%9.68%8.83%10.30%12.31%10.98%+130 bps
Asset Quality
Nonperforming Loans / Loans0.28%0.47%0.74%0.65%0.63%0.66%0.62%0.60%-5 bps
Net Charge-Offs / Loans0.00%0.00%0.02%0.01%0.03%0.03%0.01%0.02%+1 bps
Allowance / Loans1.73%1.70%1.77%1.89%1.84%1.79%1.84%1.83%-6 bps
Allowance Coverage of NPLs6.1x3.6x2.4x2.9x2.9x2.7x3.0x3.0x+0.1x
Capital
Tier 1 Leverage Ratio9.46%9.35%9.63%9.78%9.96%9.64%9.86%9.89%+11 bps
Total Risk-Based Capital12.96%12.92%13.01%12.98%12.97%12.84%13.30%13.27%+28 bps
Equity / Assets9.46%9.03%9.64%9.81%9.82%9.65%9.66%9.74%-8 bps
Liquidity & Funding
Loans / Deposits83.69%82.11%83.37%86.02%84.95%81.83%79.95%84.42%-160 bps
Liquid Assets / Assets0.85%1.15%0.27%0.68%1.77%0.28%1.67%0.43%-25 bps
CRE / Total Capitaln/an/an/an/a446%450%434%n/an/a